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Marketing
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Concept of Marketing

  1. 1. One of the oldest concept in business. The production concept holds that consumer will prefer products that are and . Manager of production concentrated Low cost oriented business Mass distribution Production efficiency
  2. 2. It holds that consumer will favor those product that offer the most quality, performance or innovative features. Manager in this organization focus on marketing superior product. They assume that buyers admire well made product.
  3. 3. It holds that customer and business concentrate on an aggressive selling and promotion effort Starting Point Focus Means Ends Profit Selling & Through Factory Product Promotion
  4. 4. It holds that the key to achieve its organizational goal consists of the company being more effective than competitors in creating, delivering and communicating superior customer value to its target markets. Starting Point Focus Means Ends Profit Through Selling & Factory Product Promotion
  5. 5. Modern marketing / Integrated marketing means the various marketing functions – sales force, advertising, customer service, product management, marketing research must work together
  6. 6. The Difference between Traditional Marketing & Modern Marketing Traditional Marketing Modern Marketing Top level Customers Upper Middle Level Operational Level Lower Middle Level Lower Middle Level Operational Level Upper Middle Level Customers Top Level
  7. 7. It is nothing but humanistic marketing and ecological marketing. It holds that the organization’s task is to determine the need, wants and interest of the target markets and to deliver the desired satisfaction more effectively and efficiently than competitors in a way that preserves or enhances the consumer’s and the society’s well beings.

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