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TRENDS IN CUSTOMER COMMUNICATION PRACTICES Debbi Brock BUS 465
PERSPECTIVES ON THE  EMERGING NATURE OF MARKETING Term, Date, Source Underlying Dimensions/ Characteristics  Examples  Relationship Marketing (1983) Identifying, establishing, maintaining, enhancing, and terminating relationships with customers and other stakeholders, at a profit; achieving objectives of both parties  Garnier  Delta Airlines  Expeditionary Marketing (1992) Creating markets before competitors; continuous search for innovative product concepts; overturning price/performance assumptions; lead rather than follow customers; tolerate failure  Skype Starbucks  Guerilla Marketing (1993) Low-cost, effective communications; cooperative efforts and networking; leveraging resources, using energy and imagination McCain Crescendo Rising Crust Pizza Breathe Right One-to-One Marketing (1993) Marketing based on knowing the customer through collaborative interactions (dialogue and feedback) to tailor individualized marketing mix on a one-on-one basis; product-centric  New Zealand Dairy Foods Real-Time Marketing (1995) Technology-facilitated, real-time dialogues with interactive services  Television New Zealand Subversive Marketing (1996) Marketing that doesn’t look like marketing; champion outrageous ways to penetrate consumer indifference; also known as stealth, ambush, roach-bait, and undercover marketing  Pot Noodle MTV Red Bull
PERSPECTIVES ON THE  EMERGING NATURE OF MARKETING Term, Date, Source Underlying Dimensions/ Characteristics  Examples   Disruptive Marketing (1996) Shattering culturally embedded biases and conventions; setting creativity free to forge a radical new vision of a product, brand, or service  Swatch Viral Marketing (1997) Self-replicating promotion fanning out over community webs and spreading like a virus, multiplying and mutating as like-minded people market to each other Hotmail Snickers Digital Marketing (1998) New forms of interaction lead to deeper relationships  and greater personalization  Volkswagon  DIRECTV Permission Marketing (1999) A prospect explicitly agrees in advance to receive marketing information  Amazon.com American Express Experiential Marketing (1999) Elicits a powerful sensory/cognitive consumer response through sensory (sense), affective (feel), creative cognitive (think), physical/lifestyle (act), and social-identity (relate) experiences  Visit London BMW (The Hire) Radical Marketing (1999) Redefines competitive rules; challenges conventional wisdom of the industry; strong visceral ties with target audience; maximal exploitation of limited budget National Basketball Association Grateful Dead  Buzz Marketing (2000) Consumer-generated information dispersal through  individual network hubs by generating excitement, infatuation, and missionary zeal  The Blair Witch Project Rheingold  Brewery
PERSPECTIVES ON THE  EMERGING NATURE OF MARKETING Term, Date, Source Underlying Dimensions/ Characteristics  Examples  Customer-Centric Marketing (2000) Seeks to fulfill needs and wants of each individual customer; focuses on the needs, wants, and resources of customers as starting point in planning process  O2 (cellular services) Convergence Marketing (2002) Fusion of different technologies to create new possibilities for the hybrid consumer; convergence on customerization, choices, communities, channels, and competitive value  Western Wireless Neuro-Marketing (2002) Uses MRI (magnetic resonance imaging) to map brain patterns in response to a particular advertisement or product to determine drivers behind consumer choices  DaimlerChrysler Search Marketing (2003) Increases visibility of a website in search engine results through search engine optimization, pay-per-check, and paid inclusion  Monster.com Virgin Trains Pay-to-Say Marketing (2005) Monetary compensation for posting comments on blogs; compensation rates determined by the amount of exposure, advertisers, or a blogger’s Alexa ranking  PayPerPost LoudLaunch.com Duct Tape Marketing (2007) Small business marketing roadmap; to be effective, approach marketing must be approached as a system – not an event; composed of simple, effective, and affordable techniques  Various Small Businesses
EVOLUTION OF THE MARKETPLACE
POST-WORLD WAR II
NEW MILLENNIUM – PROLIFERATION  OF TELEVISION CHANNELS  AND MEDIA OPTIONS
BACKLASH AGAINST ADVERTISING ,[object Object],[object Object],[object Object],[object Object],[object Object]
CONSUMER IS REINVENTING MARKETING
ENDURING CHARACTERISTICS OF SUCCESSFUL MARKETING
FOUR REPRESENTATIVE CATEGORIES OF  THE NEW BUZZWORDS OF MARKETING 1
FOUR REPRESENTATIVE CATEGORIES OF  THE NEW BUZZWORDS OF MARKETING ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],2
FOUR REPRESENTATIVE CATEGORIES OF  THE NEW BUZZWORDS OF MARKETING 3 4 MRI technology used to detect information that customer is not cognitively aware of but affects purchasing
EVOLUTION OF THE INTERNET: FROM INFORMATION TO INTERACTION Information Interaction Move From To
MARKETING SHIFT From one-to-one, company-customer monologues ,[object Object]
CUSTOMERS HAVE TAKEN CHARGE
COMPANIES HAVE MOVED FROM  REAL WORLD TO VIRTUAL WORLD  ,[object Object],[object Object],[object Object],[object Object]
TRENDS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
FROM ADVERTAINMENT TO  IN-GAME ADVERTISING ,[object Object],Text messages
FROM ADVERTAINMENT TO  IN-GAME ADVERTISING ,[object Object],[object Object],[object Object],[object Object]
QUIZ ,[object Object],[object Object]
WHAT ARE THE MOST RECENT  INNOVATIONS IN MARKETING PRACTICES?  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Chapter 8 (Re)Thinking Marketing

  • 1. TRENDS IN CUSTOMER COMMUNICATION PRACTICES Debbi Brock BUS 465
  • 2. PERSPECTIVES ON THE EMERGING NATURE OF MARKETING Term, Date, Source Underlying Dimensions/ Characteristics Examples Relationship Marketing (1983) Identifying, establishing, maintaining, enhancing, and terminating relationships with customers and other stakeholders, at a profit; achieving objectives of both parties Garnier Delta Airlines Expeditionary Marketing (1992) Creating markets before competitors; continuous search for innovative product concepts; overturning price/performance assumptions; lead rather than follow customers; tolerate failure Skype Starbucks Guerilla Marketing (1993) Low-cost, effective communications; cooperative efforts and networking; leveraging resources, using energy and imagination McCain Crescendo Rising Crust Pizza Breathe Right One-to-One Marketing (1993) Marketing based on knowing the customer through collaborative interactions (dialogue and feedback) to tailor individualized marketing mix on a one-on-one basis; product-centric New Zealand Dairy Foods Real-Time Marketing (1995) Technology-facilitated, real-time dialogues with interactive services Television New Zealand Subversive Marketing (1996) Marketing that doesn’t look like marketing; champion outrageous ways to penetrate consumer indifference; also known as stealth, ambush, roach-bait, and undercover marketing Pot Noodle MTV Red Bull
  • 3. PERSPECTIVES ON THE EMERGING NATURE OF MARKETING Term, Date, Source Underlying Dimensions/ Characteristics Examples Disruptive Marketing (1996) Shattering culturally embedded biases and conventions; setting creativity free to forge a radical new vision of a product, brand, or service Swatch Viral Marketing (1997) Self-replicating promotion fanning out over community webs and spreading like a virus, multiplying and mutating as like-minded people market to each other Hotmail Snickers Digital Marketing (1998) New forms of interaction lead to deeper relationships and greater personalization Volkswagon DIRECTV Permission Marketing (1999) A prospect explicitly agrees in advance to receive marketing information Amazon.com American Express Experiential Marketing (1999) Elicits a powerful sensory/cognitive consumer response through sensory (sense), affective (feel), creative cognitive (think), physical/lifestyle (act), and social-identity (relate) experiences Visit London BMW (The Hire) Radical Marketing (1999) Redefines competitive rules; challenges conventional wisdom of the industry; strong visceral ties with target audience; maximal exploitation of limited budget National Basketball Association Grateful Dead Buzz Marketing (2000) Consumer-generated information dispersal through individual network hubs by generating excitement, infatuation, and missionary zeal The Blair Witch Project Rheingold Brewery
  • 4. PERSPECTIVES ON THE EMERGING NATURE OF MARKETING Term, Date, Source Underlying Dimensions/ Characteristics Examples Customer-Centric Marketing (2000) Seeks to fulfill needs and wants of each individual customer; focuses on the needs, wants, and resources of customers as starting point in planning process O2 (cellular services) Convergence Marketing (2002) Fusion of different technologies to create new possibilities for the hybrid consumer; convergence on customerization, choices, communities, channels, and competitive value Western Wireless Neuro-Marketing (2002) Uses MRI (magnetic resonance imaging) to map brain patterns in response to a particular advertisement or product to determine drivers behind consumer choices DaimlerChrysler Search Marketing (2003) Increases visibility of a website in search engine results through search engine optimization, pay-per-check, and paid inclusion Monster.com Virgin Trains Pay-to-Say Marketing (2005) Monetary compensation for posting comments on blogs; compensation rates determined by the amount of exposure, advertisers, or a blogger’s Alexa ranking PayPerPost LoudLaunch.com Duct Tape Marketing (2007) Small business marketing roadmap; to be effective, approach marketing must be approached as a system – not an event; composed of simple, effective, and affordable techniques Various Small Businesses
  • 5. EVOLUTION OF THE MARKETPLACE
  • 7. NEW MILLENNIUM – PROLIFERATION OF TELEVISION CHANNELS AND MEDIA OPTIONS
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  • 10. ENDURING CHARACTERISTICS OF SUCCESSFUL MARKETING
  • 11. FOUR REPRESENTATIVE CATEGORIES OF THE NEW BUZZWORDS OF MARKETING 1
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  • 13. FOUR REPRESENTATIVE CATEGORIES OF THE NEW BUZZWORDS OF MARKETING 3 4 MRI technology used to detect information that customer is not cognitively aware of but affects purchasing
  • 14. EVOLUTION OF THE INTERNET: FROM INFORMATION TO INTERACTION Information Interaction Move From To
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