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Production Concept
Production Concept

... 1950, and it continues to the present. The marketing management philosophy that achieving organizational goals depends on knowing the needs & wants of target markets & delivering the desired satisfactions better than competitors. Sense & respond philosophy. Finding right products for customers Custo ...
Rethinking the Customer Relationship
Rethinking the Customer Relationship

... Clearly, today’s overall trend is about changing the relationship you have with the people who buy your products. We know it is no longer about push marketing. But neither is it only about pull marketing. In “Rethinking Marketing,” Roland T. Rust, Christine Moorman and Gaurav Bhalla discuss several ...
Mktg 1.02 Marketing Mix PPT
Mktg 1.02 Marketing Mix PPT

... Explain the concept of marketing strategies ...
PowerPoint
PowerPoint

... • Learn six principles of marketing • Identify two key customers of the Advisory Council • Discuss value perceptions ...
Slide 1
Slide 1

... relaxes rivalry  Recall: “Bertrand trap” result assumes homogeneous products  With differentiated products: – a firm cannot steal all customers from rivals by undercutting their price only slightly  Price cutting stops where gain from increase in demand is outweighed by decrease in margin  In eq ...
Document
Document

... Advantage over competitors Gained through superior capabilities (core competencies) Gained through unique product benefits or price Providing greater customer value ...
A Hyperthetical Framework For IT Value II
A Hyperthetical Framework For IT Value II

... create higher revenues. To the contrary, often they hurt revenues.Market determines price. IT helps gauge the mood of the market in many ways. From simple “competitive price checks” to sophisticated and integrated demand forecasting, production planning and supply chain systems, IT can p ...
What is marketing?
What is marketing?

... Marketing conception focuses on needs and goals rather than products Product oriented 7up ...
Introduction to PharmaSim
Introduction to PharmaSim

... Word of mouth (based on others’ satisfaction) ...
Introduction to PharmaSim - Southern Methodist University
Introduction to PharmaSim - Southern Methodist University

... Word of mouth (based on others’ satisfaction) ...
New Marketing Approaches – Translating Value
New Marketing Approaches – Translating Value

... actually means to our stakeholder customers, and of course we then find that is not as easy as you might think. Value is a really tricky concept. How each person perceives it is completely subjective. What one person values another may not, what someone values one day, they may not the next and of c ...
Marketing Notes (Rebecca)
Marketing Notes (Rebecca)

... The entire organization is focused on delivering superior value efficiently. A marketoriented firm envisions a value proposition that is thoroughly grounded in an understanding of the marketplace and its dynamics. The organization - people, processes, structure, resources, skills, and tasks - is ali ...
Intro to Marketing and Relationship Marketing
Intro to Marketing and Relationship Marketing

... and exchanging offerings that have value for customers, clients, partners, and society at large. ...
Colin Egan: Beyond the Crisis, Back to Marketing Basics
Colin Egan: Beyond the Crisis, Back to Marketing Basics

... Keep in touch service JIT delivery Any order size ok Consultancy Countertrade Satisfaction studies Etc. ...
Price Your Way to Better Profit Margins
Price Your Way to Better Profit Margins

... levels of the company. Since data important to pricing decisions is often held by many siloed organizations, executive alignment is critical to success. Start by establishing a pricing team to gather all the pricing data from different organizations and set pricing policies, maintaining consistency ...
Consumers Rule
Consumers Rule

... Focusing on Social Benefits • Social marketing concept: satisfy customers’ needs and also benefit society • Sustainability: meeting present needs and ensuring that future generations can meet their needs ...
Financial Services Marketing
Financial Services Marketing

... 8- Productivity and quality: Productivity refers to the way in which the inputs of the service are translated into outputs that are valued by the customers. In financial services where economies of scale are considered to be critical in driving down costs (not necessarily prices), efficient producti ...
Defining Marketing for the 21st century
Defining Marketing for the 21st century

... properties of a good or service. It also includes a brand’s meaning to consumers.  The term product also includes more than just goods or services. Consumers decide which events to experience, which entertainers to watch on TV, which places to visit on vacation, which organizations to support throu ...
Value proposition final
Value proposition final

... customer – in many cases it will be necessary to group individuals into segments and investigate only those that are most important. Finally, customer wants and needs should also be ranked in order to be able to evaluate the value proposition of a service later. If all customer needs are known it ha ...
Economic Value
Economic Value

... Consider only the value of the difference between your product and the next best competitive alternative (NBCA) product. ...
DEVELOPING MARKETING STRATEGIES AND PLANS
DEVELOPING MARKETING STRATEGIES AND PLANS

... and building cross-functional teams to be responsible for each process. At Xerox, a Customer Operations Group links sales, shipping, installation, service and billing so these activities flow smoothly into one another. AT&T, LexisNexis, and Pratt & Whitney have reorganized their employees into cross ...
I. Review of Lean Topics
I. Review of Lean Topics

... materials, WIP, or finished products ...
Marketing Due Diligence
Marketing Due Diligence

... Marketers are torn between two groups whose wants are contradictory: – Customers who want the most value and utility for the least cost; – Shareholders who want the biggest return on the lowest investment and risk. Neither group is loyal if they can do better elsewhere. The skill shareholders pay us ...
Day 2_Session 2 - Unit Value Proposition
Day 2_Session 2 - Unit Value Proposition

... How to create value proposition? The best value proposition is clear: what is it, for whom and how is it useful? If those questions are answered, you’re on the right path. Always strive for clarity first. ...
Theories of Network (or Interactive) Marketing
Theories of Network (or Interactive) Marketing

... “network marketing” When messages are transported at network speed, and production is decentralized, the result is FLEXIBILITY! ...
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Value proposition

A value proposition is a promise of value to be delivered and acknowledged and a belief from the customer that value will be delivered and experienced. A value proposition can apply to an entire organization, or parts thereof, or customer accounts, or products or services.Creating a value proposition is a part of business strategy. Kaplan and Norton say ""Strategy is based on a differentiated customer value proposition. Satisfying customers is the source of sustainable value creation.""Developing a value proposition is based on a review and analysis of the benefits, costs and value that an organization can deliver to its customers, prospective customers, and other constituent groups within and outside the organization. It is also a positioning of value, where Value = Benefits - Cost (cost includes economic risk).
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