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INTRODUCTION TO PRINCIPLES OF MARKETING

fucknmims
28 Mar 2023
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INTRODUCTION TO PRINCIPLES OF MARKETING

  1. Dr. Anupamaa Chavan Students are strictly warned not to share this PPT with any website or person.
  2. Books • Prescribed Text Books: • Kotler Philip, Keller Kevin, Marketing Management. 15e, Pearson 2017 • References: • Kotler Philip, Keller Kevin, Alexander Chernev, Jagdish Sheth, G. Shainesh; Marketing Management. 16e, Pearson, Indian edition 2022 • Ramaswamy V.S. and Namakumari S. Marketing Management – Planning, Implementation and Control. Fifth edition, Macmillan 2013 • Saxena, Rajan. Marketing Management. Fourth edition, Tata McGraw Hill Publishing Co., New Delhi 2016 • Arun Kumar & N Meenakshi, Marketing Management, Vikas Publications 2006
  3. Pedagogy Lectures PowerPoint Presentations Pre reading notes Case Study & Discussions Audio Visuals Exercises
  4. Learning Objectives • Acquiring conceptual clarity of marketing as a function. • Ability to analyse the importance and impact of the marketing function in an organisation. • Demonstrating the ability to evolve marketing strategies for organisational benefits.
  5. Learning Outcomes • The students should be able to recall, relate and infer the marketing concepts to adapt to the business environment. • The students should develop and demonstrate marketing skills to apply and extend their role in an organisation. • The students should be able to design and develop integrated marketing strategies for products for organisational and societal benefits • Course Structure: Will be mailed to the students & will be uploaded on the portal
  6. Evaluation Scheme • Term End Exam (TEE): 50 marks • Internal Continuous Assessment (ICA): 50 marks
  7. INTERNAL CONTINUOUS ASSESSMENT (ICA): 50 MARKS anupamaa.chavan@nmims.edu 7 Mid Term Test 20 marks Presentations 10 Marks Assignments 20 Marks 20 marks – 06th April 2023 Power Point Presentations on Module 6 & related Case Study (Admin group) Class Test – 15 marks (5+5+5) Class work - 5 marks
  8. Modules 1. Core Concepts of Marketing 2. Introduction to Consumer Behavior 3. Segmentation 4. Product, Price, Place, Promotion (The Marketing Mix Concept) 5. Product Life Cycle & Strategic Marketing 6. Current Trends in Marketing
  9. Presentations • Module 6 Topics: Admin Groups – Presentations – Module 6 topic(10m) with Case Study(10m) Total 20 marks • Green Marketing – 1, 5, 9 • Digital Marketing – 2, 6, 10 • Social Marketing and cause related marketing – 3, 7, 11 • Ethics in Marketing – 4,8 • Note: Module 6 is self study. 2/3 times a chapter from module 6 will be presented by various groups. Students are required to pay attention and prepare their own notes for the same. No notes shall be provided for this module. Minimum 5 and Maximum 6 students in a group.
  10. What is Marketing? • For a Layman - • Marketing is only about selling and advertising • But this is just a tip of an iceberg • Today Marketing is all about satisfying customer need and managing profitable customer relationships. • According to Peter Drucker • ‘the aim of marketing is to make selling unnecessary’
  11. Terms • Utility • Transaction • Business • Market • Prospects • Distribution Channels/Channels of Distribution • Direct Marketing & Direct Selling anupamaa.chavan@nmims.edu 11
  12. anupamaa.chavan@nmims.edu 12 S2
  13. Zepto
  14. Zepto
  15. A Simple Marketing System anupamaa.chavan@nmims.edu 15
  16. Structure Of Flows In A Modern Exchange Economy anupamaa.chavan@nmims.edu 16
  17. Definition • Definition by Kotler & Others: • ‘Marketing is the process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return.’ anupamaa.chavan@nmims.edu 17
  18. Definition According to American Marketing Association: ‘Marketing is 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.’ anupamaa.chavan@nmims.edu 18
  19. The Marketing Process • 5 Step model of Marketing Process: • Understand marketplace & consumers needs and wants • Design customer driven marketing strategy • Construct an integrated marketing program that delivers superior value • Build profitable relationships and create customer delight • Capture value from customers to create profit and customer equity. anupamaa.chavan@nmims.edu 19
  20. CORE CONCEPTS OF MARKETING • Need, Want, Demand • Target Market, Positioning, Segmentation • Offerings and Brand • Marketing Channels, Paid, Owned, Earned Media • Impression & Engagement • Value & Satisfaction • Supply Chain & Competition • Marketing Environment anupamaa.chavan@nmims.edu 20
  21. anupamaa.chavan@nmims.edu 21
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