Marketing Myopia : Reading Notes Harvard Business Review often became references. “What business are you really in?” Mr Levitt explains that if we are not in the game anymore‚ it’s because of a failure in our management‚ not because of the lack of opportunities. We have to create these opportunities. The examples given show that lots of industries died because they “defined their business incorrectly”. You may have to define again your business‚ because a stagnant industry will not survive
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Week 9 Notes: Product and Service Decisions 1. Product – Anything that can be offered to a market for attention‚ acquisition‚ use or consumption that might satisfy a need or want 2. Service – An activity or benefit that is INTANGIBLE (no ownership) Idea of EXPERIENCES are more commonly used to enhance products and services 3 Levels of Product Core benefit Actual product Associated services Classifying Products Consumer products Business products Consumer Products Convenience
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CHEM 101 – General Chemistry I Chapter 2 Reading Assignment Pages 31 - 60 2.1 – What is Matter Made Of? Who 1st discovered atoms – Democritus where the first person to discover atoms. His followers would often think that there were multiple kinds of atoms and not just plain atoms. 2.2 – How Do We Classify Matter? Elements – A substance that consists of identical atoms. Today there are 116 known elements. Example – C= Carbon; H= Hydrogen Compounds – A pure substance made up of two or more elements
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Final Exam Notes The classifications of products are: * Business products: * A product used to manufacture other goods or services‚ to facilitate an organization’s operations‚ or to resell to other consumers. * Consumer products: * Product bought to satisfy an individual’s personal wants. The types of consumer products: * Convenience products: * Are relatively inexpensive and require limited shopping effort. * Shopping products: * Are of two types: homogeneous
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Marketing 306 Notes Week 1 1.Marketing‚ Communication‚ MC‚ and IMC 2.The marketing communications tools 3.The process of making brand-level marketing communication decisions. 4. Introduced the concept of a brand and brand equity. 5. The components of brand equity. Week 2 We discussed the major demographic developments in the New Zealand population. Children (0-14) Slow growth (1% in last decade) 20% of population‚ 893‚200 people Working age (15-64) Fast growth (13%)
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Principles of Marketing Study Guide Mid-term Exam Fall 2012 Chapter 1 1. What is Marketing? a. The activity‚ set of institutions‚ and processes for creating‚ capturing‚ communicating‚ delivering‚ and exchanging offerings that have value for customers‚ clients‚ partners‚ and society at large. It requires thoughtful planning with an emphasis on the ethical implications of any of those decisions on society in general. 2. Marketing requires Product‚ Price‚ Place and Promotions decisions
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7 Key Benefits of E-Marketing 1. GLOBAL REACH- a website can reach anyone in the world who has internet access. This allows you to find new markets and compete globally for only a small investment. 2. LOWER COST - a properly planned and effectively targeted e-marketing campaign can reach the right customers at a much lower cost than the traditional marketing methods 3. TRACKABLE‚ MEASURABLE RESULTS – marketing by email or banner ad-ing makes it easier to establish... 4. PERSONALISATION - 5
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MARKETING MANAGEMENT UNIT 1 – INTRO TO MARKETING – A STRATEGIC PERSPECTIVE 1. What is marketing? 2. Why is marketing important? 3. Key Concepts of marketing * Needs * Wants * Demands * Products * Exchange * Transactions * Market 4. The evolution of marketing * Production orientation * Product Orientation * Selling orientation * Market Orientation * Societal Orientation 5. Adopting a marketing
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Chapter 1: Marketing Principles and Society Definitions: Chartered Institute of Marketing (CIM): The management process of anticipating‚ identifying and satisfying customer requirements profitably (CIM‚ 2001) The American Marketing Association: The activity‚ set of institutions and processes for creating‚ communicating‚ delivering‚ and exchanging offerings that have value for customers‚ clients‚ partners‚ and society at large. (AMA‚ 2007) These definitions stress the importance of considering
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logo‚ design etc. of a company/product. Brands can be very powerful and can be worth more than a company’s assets. Brand Equity Brand equity is the differential effect that knowing the brand name has on customer response to the product and its marketing. It is a measure of the brands ability to capture customer preference and loyalty. Brand Valuation is the measure of the value of the brand in terms of customer loyalty and preference. Brand equity offers the company some defense against fierce price
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