SlideShare a Scribd company logo
1 of 17
What is Marketing?
An introduction to the marketing environment
www.elaboratemarketing.com
@letselaborate
Marketing - an exchange process
‘Marketing is the management process responsible for identifying,
anticipating and satisfying customer requirements profitably’ (CIM,
2012)​
It involves exchanges between the organisation, its customers and
suppliers
‘The social process by which individuals and groups obtain what they
need and want through creating and exchanging products and value
with others’ (Kotler, 2006)
The marketing process
Situation analysis - where are we now? look at the
company (research)​
Objectives - where do you want to be/what do you
want to achieve​?
Strategy - how do we get there? who’s your
audience?​
Tactics - how exactly do we get there? marketing mix​
Actions - what are you going to do?
Control - how did you get there? monitoring &
correcting marketing P R Smith – SOSTAC
model
Marketing is an exchange between:
The supplier The customerThe organisation
The role of marketing
Not only is marketing a philosophy, it is also a function and a
management process which includes:
• Identifying customer needs and wants​
• Satisfying customers​
• Identifying marketing opportunities​
• Targeting the ‘right’ customers​
• Staying ahead in a dynamic market​
• Knowing your competitors​
• Using resources efficiently​
• Enhancing profitability
Marketing and Customer
Satisfaction
How to incorporate customer satisfaction into your business
Customer Satisfaction
Customer satisfaction is a situation where the quality of the product or
service delivered meets or exceeds the customers expectations
It should be at the heart of marketing as an organisational philosophy​
Customer satisfaction needs to be a business objective. If your
customers are not satisfied, then you will not gain any future business.
Integrating customer satisfaction within your
organisation
Should be a business objective
Make use of market research to find out if your customers are
satisfied (questionnaires, focus groups, surveys, interviews, etc)
The organisation practices need to secure customer retention
Customer satisfaction involves every facet of organisations operations
Customer satisfaction & your organisation
departments
Department Actions to achieve customer satisfaction
Research & development • New product development
• Product modifications
• Innovation
Human Resources • Staff training to encourage a positive customer focus
• Articulate a shared vision
• Communicate the ideas to staff
• Implement internal marketing
Production operations &
logistics
• Ensure product quality
• Meet customer demands efficiently
• Ensure product availability
• Efficient delivery of product
IT • Effective corporation website
• Implementing marketers design of online corporate messages
• Supplier & key customer access to extranet and intranet
Customer service • Correcting customer problems
• Increasing levels of customer satisfaction
Internal Marketing
The key processes and tools your business needs
Internal customers
Internal customers are the people and departments within your
organisation who you exchange the products and services you create
(CIM, 2012)
Employees are treated as ‘internal customers’​
Employee branding
Employees and management communicate with one another through
an assortment of methods to plan, coordinate and communicate the
brand and corporate goals
Internal Marketing
Internal marketing involves the application of marketing tools in
order to create an organisational culture that places the customer at
the centre of what the company does (CIM, 2012)​
Internal marketing tools:​
• Newsletter​
• Staff magazines​
• Company intranet​
• Team building activities​
• Employee awards
External Marketing
The key processes and tools your business needs
External customers
External customers are individuals that have no connection with the
organisation, other than that they may have purchased
goods/services in the past or at present (CIM, 2012)​
External customers provide the revenue through their purchases
External marketing
External marketing involves the promotional/marketing communications
mix
It allows your company to communicate with its customers
External marketing tools include:
• Advertising​
• Sales promotion​
• Public relations​
• Direct mail​
• Direct marketing​
• Personal selling​
• E-communications​
Summary
• Marketing is an exchange process between the organisation, it’s suppliers and customers​
• Customer satisfaction needs to be at the heart of all marketing. It needs to be in an
organisation’s philosophy and business objectives​
• Good market research is needed to discover your customers needs and wants
• Every facet of an organisations operations needs to work to achieve customer satisfaction​
• Internal customers (employees) need to communicate well with management to plan and
coordinate corporate goals. Internal marketing tools aid this process​
• External customer are individuals that have no connection with the organisation other than
past or present purchases of services/goods​
• The marketing communications mix allows the organisation to communicate with external
customers through a range of tools
@letselaborate
www.elaboratemarketing.com
rachel@elaboratemarketing.com

More Related Content

What's hot

Total Quality Service Management Book 1
Total Quality Service Management Book 1Total Quality Service Management Book 1
Total Quality Service Management Book 1
aireen clores
 

What's hot (20)

Six Sigma For Managers (Explore HR.Org)
Six Sigma For Managers (Explore HR.Org)Six Sigma For Managers (Explore HR.Org)
Six Sigma For Managers (Explore HR.Org)
 
Six sigma dmaic approach
Six sigma dmaic approachSix sigma dmaic approach
Six sigma dmaic approach
 
Finding and Mining Value Hidden in Operations - The ProAction Group
Finding and Mining Value Hidden in Operations - The ProAction GroupFinding and Mining Value Hidden in Operations - The ProAction Group
Finding and Mining Value Hidden in Operations - The ProAction Group
 
How to measure performance and improvement?
How to measure performance and improvement?How to measure performance and improvement?
How to measure performance and improvement?
 
Total Quality Management Project Charter for HP India
Total Quality Management Project Charter for HP IndiaTotal Quality Management Project Charter for HP India
Total Quality Management Project Charter for HP India
 
Six sigma
Six sigma Six sigma
Six sigma
 
4 Steps to Drive Process Innovation
4 Steps to Drive Process Innovation4 Steps to Drive Process Innovation
4 Steps to Drive Process Innovation
 
PowerPoint Presentation design services - Slidepanda - Business Presentation
PowerPoint Presentation design services - Slidepanda - Business Presentation PowerPoint Presentation design services - Slidepanda - Business Presentation
PowerPoint Presentation design services - Slidepanda - Business Presentation
 
Total Quality Service Management Book 1
Total Quality Service Management Book 1Total Quality Service Management Book 1
Total Quality Service Management Book 1
 
6 sigma
6 sigma6 sigma
6 sigma
 
Operational Excellence
Operational ExcellenceOperational Excellence
Operational Excellence
 
Six Sigma Presentation
Six Sigma  PresentationSix Sigma  Presentation
Six Sigma Presentation
 
Learning Six Sigma
Learning Six SigmaLearning Six Sigma
Learning Six Sigma
 
processes En
processes Enprocesses En
processes En
 
Result Based KPIs
Result Based KPIsResult Based KPIs
Result Based KPIs
 
Lean Fundamentals Course Preview
Lean Fundamentals Course PreviewLean Fundamentals Course Preview
Lean Fundamentals Course Preview
 
What is Six Sigma?
What is Six Sigma?What is Six Sigma?
What is Six Sigma?
 
Yellow belt.pps
Yellow belt.ppsYellow belt.pps
Yellow belt.pps
 
Six sigma awareness
Six sigma awarenessSix sigma awareness
Six sigma awareness
 
The need for performance measurement
The need for performance measurement The need for performance measurement
The need for performance measurement
 

Viewers also liked (7)

Kotler mm 14e_02_ippt
Kotler mm 14e_02_ipptKotler mm 14e_02_ippt
Kotler mm 14e_02_ippt
 
Entrepreneurship & Commerce in IT - 03 - Writing a Business Plan, Creating a ...
Entrepreneurship & Commerce in IT - 03 - Writing a Business Plan, Creating a ...Entrepreneurship & Commerce in IT - 03 - Writing a Business Plan, Creating a ...
Entrepreneurship & Commerce in IT - 03 - Writing a Business Plan, Creating a ...
 
Kotler mm 14e_02_ippt
Kotler mm 14e_02_ipptKotler mm 14e_02_ippt
Kotler mm 14e_02_ippt
 
How to develop a marketing plan
How to develop a marketing plan How to develop a marketing plan
How to develop a marketing plan
 
Marketing ppt
Marketing pptMarketing ppt
Marketing ppt
 
Basic concepts-of-marketing
Basic concepts-of-marketingBasic concepts-of-marketing
Basic concepts-of-marketing
 
Marketing - Definition & Importance, Concepts & Marketing Management Tasks
Marketing - Definition & Importance, Concepts & Marketing Management TasksMarketing - Definition & Importance, Concepts & Marketing Management Tasks
Marketing - Definition & Importance, Concepts & Marketing Management Tasks
 

Similar to What is Marketing?

Chapter 1 for_principles_of_marketing
Chapter 1 for_principles_of_marketingChapter 1 for_principles_of_marketing
Chapter 1 for_principles_of_marketing
AnupomCh
 
Chapter 1 introduction to marketing present
Chapter 1  introduction to marketing presentChapter 1  introduction to marketing present
Chapter 1 introduction to marketing present
Ain Omar
 
CHAPTER_1_Marketing_Management_Chapter_1.pptx
CHAPTER_1_Marketing_Management_Chapter_1.pptxCHAPTER_1_Marketing_Management_Chapter_1.pptx
CHAPTER_1_Marketing_Management_Chapter_1.pptx
ClairePintor
 

Similar to What is Marketing? (20)

Marketing module_1.pdf
Marketing module_1.pdfMarketing module_1.pdf
Marketing module_1.pdf
 
manajemen Pemasaran (bapelkes0521) [Autosaved].pptx
manajemen Pemasaran (bapelkes0521) [Autosaved].pptxmanajemen Pemasaran (bapelkes0521) [Autosaved].pptx
manajemen Pemasaran (bapelkes0521) [Autosaved].pptx
 
Importance of Marketing: Contemporary Marketing Practices
Importance of Marketing: Contemporary Marketing PracticesImportance of Marketing: Contemporary Marketing Practices
Importance of Marketing: Contemporary Marketing Practices
 
Evolution of marketing concept
Evolution of marketing conceptEvolution of marketing concept
Evolution of marketing concept
 
Chapter 1 for_principles_of_marketing
Chapter 1 for_principles_of_marketingChapter 1 for_principles_of_marketing
Chapter 1 for_principles_of_marketing
 
Chapter 1 introduction to marketing present
Chapter 1  introduction to marketing presentChapter 1  introduction to marketing present
Chapter 1 introduction to marketing present
 
Marketing Process
Marketing ProcessMarketing Process
Marketing Process
 
Marketing Process.pdf
Marketing Process.pdfMarketing Process.pdf
Marketing Process.pdf
 
Concepts of Marketing Process
Concepts of Marketing ProcessConcepts of Marketing Process
Concepts of Marketing Process
 
MARKRTING
MARKRTINGMARKRTING
MARKRTING
 
CHAPTER_1_Marketing_Management_Chapter_1.pptx
CHAPTER_1_Marketing_Management_Chapter_1.pptxCHAPTER_1_Marketing_Management_Chapter_1.pptx
CHAPTER_1_Marketing_Management_Chapter_1.pptx
 
Mm i i and ii commencement
Mm i  i and ii  commencementMm i  i and ii  commencement
Mm i i and ii commencement
 
Mm i i and ii commencement
Mm i  i and ii  commencementMm i  i and ii  commencement
Mm i i and ii commencement
 
Introduction to Marketing Management
Introduction to Marketing ManagementIntroduction to Marketing Management
Introduction to Marketing Management
 
Marketing managemnet ppt
Marketing managemnet pptMarketing managemnet ppt
Marketing managemnet ppt
 
Marketing management
Marketing managementMarketing management
Marketing management
 
Introduction to Marketing Session 1
Introduction to Marketing Session 1Introduction to Marketing Session 1
Introduction to Marketing Session 1
 
An Overview of Marketing .pptx
An Overview of Marketing .pptxAn Overview of Marketing .pptx
An Overview of Marketing .pptx
 
Introduction to marketing management
Introduction to marketing managementIntroduction to marketing management
Introduction to marketing management
 
Session 4
Session 4Session 4
Session 4
 

Recently uploaded

Brand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdfBrand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdf
tbatkhuu1
 
Riding the Wave of AI Disruption - Navigating the AI Fear Cycle in Marketing ...
Riding the Wave of AI Disruption - Navigating the AI Fear Cycle in Marketing ...Riding the Wave of AI Disruption - Navigating the AI Fear Cycle in Marketing ...
Riding the Wave of AI Disruption - Navigating the AI Fear Cycle in Marketing ...
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756
dollysharma2066
 
The 100x Factor Growth with AI - Susan Diaz
The 100x Factor  Growth with AI - Susan DiazThe 100x Factor  Growth with AI - Susan Diaz

Recently uploaded (20)

Social media, ppt. Features, characteristics
Social media, ppt. Features, characteristicsSocial media, ppt. Features, characteristics
Social media, ppt. Features, characteristics
 
Foundation First - Why Your Website and Content Matters - David Pisarek
Foundation First - Why Your Website and Content Matters - David PisarekFoundation First - Why Your Website and Content Matters - David Pisarek
Foundation First - Why Your Website and Content Matters - David Pisarek
 
How to Leverage Behavioral Science Insights for Direct Mail Success
How to Leverage Behavioral Science Insights for Direct Mail SuccessHow to Leverage Behavioral Science Insights for Direct Mail Success
How to Leverage Behavioral Science Insights for Direct Mail Success
 
Major SEO Trends in 2024 - Banyanbrain Digital
Major SEO Trends in 2024 - Banyanbrain DigitalMajor SEO Trends in 2024 - Banyanbrain Digital
Major SEO Trends in 2024 - Banyanbrain Digital
 
SEO Master Class - Steve Wiideman, Wiideman Consulting Group
SEO Master Class - Steve Wiideman, Wiideman Consulting GroupSEO Master Class - Steve Wiideman, Wiideman Consulting Group
SEO Master Class - Steve Wiideman, Wiideman Consulting Group
 
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptx
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptxDigital-Marketing-Into-by-Zoraiz-Ahmad.pptx
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptx
 
Brand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdfBrand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdf
 
Pillar-Based Marketing Master Class - Ryan Brock
Pillar-Based Marketing Master Class - Ryan BrockPillar-Based Marketing Master Class - Ryan Brock
Pillar-Based Marketing Master Class - Ryan Brock
 
How to utilize calculated properties in your HubSpot setups
How to utilize calculated properties in your HubSpot setupsHow to utilize calculated properties in your HubSpot setups
How to utilize calculated properties in your HubSpot setups
 
Riding the Wave of AI Disruption - Navigating the AI Fear Cycle in Marketing ...
Riding the Wave of AI Disruption - Navigating the AI Fear Cycle in Marketing ...Riding the Wave of AI Disruption - Navigating the AI Fear Cycle in Marketing ...
Riding the Wave of AI Disruption - Navigating the AI Fear Cycle in Marketing ...
 
SEO for Revenue, Grow Your Business, Not Just Your Rankings - Dale Bertrand
SEO for Revenue, Grow Your Business, Not Just Your Rankings - Dale BertrandSEO for Revenue, Grow Your Business, Not Just Your Rankings - Dale Bertrand
SEO for Revenue, Grow Your Business, Not Just Your Rankings - Dale Bertrand
 
Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...
Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...
Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...
 
FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu.Ka.Tilla Delhi Contact Us 8377877756
 
Alpha Media March 2024 Buyers Guide.pptx
Alpha Media March 2024 Buyers Guide.pptxAlpha Media March 2024 Buyers Guide.pptx
Alpha Media March 2024 Buyers Guide.pptx
 
The+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfThe+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdf
 
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
 
The Science of Landing Page Messaging.pdf
The Science of Landing Page Messaging.pdfThe Science of Landing Page Messaging.pdf
The Science of Landing Page Messaging.pdf
 
personal branding kit for music business
personal branding kit for music businesspersonal branding kit for music business
personal branding kit for music business
 
Instant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best PracticesInstant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best Practices
 
The 100x Factor Growth with AI - Susan Diaz
The 100x Factor  Growth with AI - Susan DiazThe 100x Factor  Growth with AI - Susan Diaz
The 100x Factor Growth with AI - Susan Diaz
 

What is Marketing?

  • 1. What is Marketing? An introduction to the marketing environment www.elaboratemarketing.com @letselaborate
  • 2. Marketing - an exchange process ‘Marketing is the management process responsible for identifying, anticipating and satisfying customer requirements profitably’ (CIM, 2012)​ It involves exchanges between the organisation, its customers and suppliers ‘The social process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others’ (Kotler, 2006)
  • 3. The marketing process Situation analysis - where are we now? look at the company (research)​ Objectives - where do you want to be/what do you want to achieve​? Strategy - how do we get there? who’s your audience?​ Tactics - how exactly do we get there? marketing mix​ Actions - what are you going to do? Control - how did you get there? monitoring & correcting marketing P R Smith – SOSTAC model
  • 4. Marketing is an exchange between: The supplier The customerThe organisation
  • 5. The role of marketing Not only is marketing a philosophy, it is also a function and a management process which includes: • Identifying customer needs and wants​ • Satisfying customers​ • Identifying marketing opportunities​ • Targeting the ‘right’ customers​ • Staying ahead in a dynamic market​ • Knowing your competitors​ • Using resources efficiently​ • Enhancing profitability
  • 6. Marketing and Customer Satisfaction How to incorporate customer satisfaction into your business
  • 7. Customer Satisfaction Customer satisfaction is a situation where the quality of the product or service delivered meets or exceeds the customers expectations It should be at the heart of marketing as an organisational philosophy​ Customer satisfaction needs to be a business objective. If your customers are not satisfied, then you will not gain any future business.
  • 8. Integrating customer satisfaction within your organisation Should be a business objective Make use of market research to find out if your customers are satisfied (questionnaires, focus groups, surveys, interviews, etc) The organisation practices need to secure customer retention Customer satisfaction involves every facet of organisations operations
  • 9. Customer satisfaction & your organisation departments Department Actions to achieve customer satisfaction Research & development • New product development • Product modifications • Innovation Human Resources • Staff training to encourage a positive customer focus • Articulate a shared vision • Communicate the ideas to staff • Implement internal marketing Production operations & logistics • Ensure product quality • Meet customer demands efficiently • Ensure product availability • Efficient delivery of product IT • Effective corporation website • Implementing marketers design of online corporate messages • Supplier & key customer access to extranet and intranet Customer service • Correcting customer problems • Increasing levels of customer satisfaction
  • 10. Internal Marketing The key processes and tools your business needs
  • 11. Internal customers Internal customers are the people and departments within your organisation who you exchange the products and services you create (CIM, 2012) Employees are treated as ‘internal customers’​ Employee branding Employees and management communicate with one another through an assortment of methods to plan, coordinate and communicate the brand and corporate goals
  • 12. Internal Marketing Internal marketing involves the application of marketing tools in order to create an organisational culture that places the customer at the centre of what the company does (CIM, 2012)​ Internal marketing tools:​ • Newsletter​ • Staff magazines​ • Company intranet​ • Team building activities​ • Employee awards
  • 13. External Marketing The key processes and tools your business needs
  • 14. External customers External customers are individuals that have no connection with the organisation, other than that they may have purchased goods/services in the past or at present (CIM, 2012)​ External customers provide the revenue through their purchases
  • 15. External marketing External marketing involves the promotional/marketing communications mix It allows your company to communicate with its customers External marketing tools include: • Advertising​ • Sales promotion​ • Public relations​ • Direct mail​ • Direct marketing​ • Personal selling​ • E-communications​
  • 16. Summary • Marketing is an exchange process between the organisation, it’s suppliers and customers​ • Customer satisfaction needs to be at the heart of all marketing. It needs to be in an organisation’s philosophy and business objectives​ • Good market research is needed to discover your customers needs and wants • Every facet of an organisations operations needs to work to achieve customer satisfaction​ • Internal customers (employees) need to communicate well with management to plan and coordinate corporate goals. Internal marketing tools aid this process​ • External customer are individuals that have no connection with the organisation other than past or present purchases of services/goods​ • The marketing communications mix allows the organisation to communicate with external customers through a range of tools