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Principles of Marketing

   Creating and Capturing
     Customer Value




                            1
What is Marketing
   “Managing a profitable customer relationship”




Building a lasting    Delivering our
    customer            promise of         Attract new
  relationship       superior value to   customers keep
    based on            customers        growing current
 creating value




                                                           2
Value Statement
• Wal-Mart “Save Money Live Better”

• Disney “Imagineers”

• Apple “Think Different”


• Galina ““We are committed to provide superior value
  products to our partners worldwide”




                                                    3
The Marketing Process


                   Design a     Construct an                       Capture value
Understand the                                  Build Profitable
                   customer      integrated                             from
  marketplace                                    relationships
                     driven      marketing                          customers to
 and customer                                     and create
                   marketing    program that                       creates profits
  needs and                                        customer
                    strategy      delivers                         and customer
    wants                                           delight
                               superior value                          equity




          Simple Model of Marketing Process
                                                                              4
Understanding the Marketplace and
        customer needs
   Customer Needs / Wants / Demands



          Needs                     Wants                Demands
    • State of felt            • Culture, personality   • Buying Power
      deprivation                Shaped                 • IQF Fruits and
    • Ex: Fruits and           • Cuts, shapes,            vegetables and
       vegetables                brine…etc                other forms for
                                                          retail/Industries



                      Market Offering: a combination of
                      products, service, information, experience
                      offered
                                                                          5
Marketing Myopia: The mistake of paying more attention
to the specific products the company offers than to the
benefits produced by this products !



•               …..its not what we sell, its
    what the customer want!


                           Try to join your tunnel with the customers’

                       What we sell : IQF Fruits and Vegetables
            •          What our customers want :
     •                  Production Jam/ice cream/Juice, Other
                     industries, Retail, etc
                                                                     6
Marketing System
                  Company
                                       Marketing         Consumers
Suppliers                           Intermediaries
                 Competitors


Marketing- in short – involves serving a market of final consumers in
the face of competitors.

Each party in this system, adds value, for example, Galina cannot
meet its goal of high quality /reasonable price, unless our suppliers
(Procurement) provide such high quality products at a convenient
price.

                                                                   7
Normally, marketing is carried out by sellers, but with
today’s digital technologies consumers can do marketing
as well.
       • How can we reach customers?

       • How can customers reach us?




                                                      8
Designing a Customer-Driven
          Marketing Strategy
              Marketing Management




 we need to know:
• What’s our target market? (who will we serve)
• What’s our value proposition? (How will we serve)




                                                      9
10
Production             Product                  Selling              Marketing
 concept               Concept                  Concept              Concept

The idea that
                      The idea that
consumers will
                      consumers will favor                           The idea that
favor products that                           The idea that
                      products that offer                            achieving
are available and                             consumers will not
                      the most                                       organizational goals
highly affordable                             buy enough of the
                      quality, performance                           depends on knowing
and that the                                  firms’ products
                      , and features and                             the needs and wants
organization should                           unless it undertakes
                      that the organization                          of target markets,
therefore focus on                            a large – scale
                      should devote its                              delivering satisfaction
improving                                     selling and
                      energy to making                               better than
production and                                promotion effort
                      continuous product                             competitors do
distribution
                      improvements
efficiency



                                                                                       11
What is the best concept / Orientation for Galina to
                      follow?




                                                       12
Preparing an Integrated Marketing Plan
             and Program

• Transforming the Marketing strategy into action

• Company use a marketing mix to fulfill a marketing
  program




                                                       13
Marketing Mix
• Set of tools that work together to satisfy customer need
  and build strong customer relationship



             Product                Price
           Customer Solution     Customer Cost




             Place             Promotion
             Convenience         Communication
                                                             14
Building Customer Relationship

                               “We are committed to provide
             Customer
                                superior value products to our
Customer
 Value      Satisfaction
                                    partners worldwide”
                           •   Satisfied customer buy again and tell others
                               about the good experience
                           •   Dissatisfied customer often switch to a
                               competitor!
                           •   Customer value and customer satisfaction are
                               key building blocks for developing and
                               managing customer relationship



                                                                          15
Working closely with partners inside and outside the
 company to bring a greater value to customers


                                                       outside
                                        Supply chain
                                        management




Inside             Every employee
                  must be customer
                focused, teams from
                different departments
                 cooperate together
                  to bring company
                         value


                                                                 16
Capturing Customer Value

• Customer Relationship Groups


                           True
           Butterflies
                          Friends




            Strangers    Barnacles


                                     17
18

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Principles of marketing

  • 1. Principles of Marketing Creating and Capturing Customer Value 1
  • 2. What is Marketing “Managing a profitable customer relationship” Building a lasting Delivering our customer promise of Attract new relationship superior value to customers keep based on customers growing current creating value 2
  • 3. Value Statement • Wal-Mart “Save Money Live Better” • Disney “Imagineers” • Apple “Think Different” • Galina ““We are committed to provide superior value products to our partners worldwide” 3
  • 4. The Marketing Process Design a Construct an Capture value Understand the Build Profitable customer integrated from marketplace relationships driven marketing customers to and customer and create marketing program that creates profits needs and customer strategy delivers and customer wants delight superior value equity Simple Model of Marketing Process 4
  • 5. Understanding the Marketplace and customer needs Customer Needs / Wants / Demands Needs Wants Demands • State of felt • Culture, personality • Buying Power deprivation Shaped • IQF Fruits and • Ex: Fruits and • Cuts, shapes, vegetables and vegetables brine…etc other forms for retail/Industries Market Offering: a combination of products, service, information, experience offered 5
  • 6. Marketing Myopia: The mistake of paying more attention to the specific products the company offers than to the benefits produced by this products ! • …..its not what we sell, its what the customer want! Try to join your tunnel with the customers’ What we sell : IQF Fruits and Vegetables • What our customers want : • Production Jam/ice cream/Juice, Other industries, Retail, etc 6
  • 7. Marketing System Company Marketing Consumers Suppliers Intermediaries Competitors Marketing- in short – involves serving a market of final consumers in the face of competitors. Each party in this system, adds value, for example, Galina cannot meet its goal of high quality /reasonable price, unless our suppliers (Procurement) provide such high quality products at a convenient price. 7
  • 8. Normally, marketing is carried out by sellers, but with today’s digital technologies consumers can do marketing as well. • How can we reach customers? • How can customers reach us? 8
  • 9. Designing a Customer-Driven Marketing Strategy Marketing Management we need to know: • What’s our target market? (who will we serve) • What’s our value proposition? (How will we serve) 9
  • 10. 10
  • 11. Production Product Selling Marketing concept Concept Concept Concept The idea that The idea that consumers will consumers will favor The idea that favor products that The idea that products that offer achieving are available and consumers will not the most organizational goals highly affordable buy enough of the quality, performance depends on knowing and that the firms’ products , and features and the needs and wants organization should unless it undertakes that the organization of target markets, therefore focus on a large – scale should devote its delivering satisfaction improving selling and energy to making better than production and promotion effort continuous product competitors do distribution improvements efficiency 11
  • 12. What is the best concept / Orientation for Galina to follow? 12
  • 13. Preparing an Integrated Marketing Plan and Program • Transforming the Marketing strategy into action • Company use a marketing mix to fulfill a marketing program 13
  • 14. Marketing Mix • Set of tools that work together to satisfy customer need and build strong customer relationship Product Price Customer Solution Customer Cost Place Promotion Convenience Communication 14
  • 15. Building Customer Relationship “We are committed to provide Customer superior value products to our Customer Value Satisfaction partners worldwide” • Satisfied customer buy again and tell others about the good experience • Dissatisfied customer often switch to a competitor! • Customer value and customer satisfaction are key building blocks for developing and managing customer relationship 15
  • 16. Working closely with partners inside and outside the company to bring a greater value to customers outside Supply chain management Inside Every employee must be customer focused, teams from different departments cooperate together to bring company value 16
  • 17. Capturing Customer Value • Customer Relationship Groups True Butterflies Friends Strangers Barnacles 17
  • 18. 18