Matakuliah Tahun : J0712 - Pengantar Bisnis : 2009 Understanding Principles Of Marketing Pertemuan 09 Marketing Process and Consumer Behavior •Outline: •What Is Marketing? •Target Marketing and Market Segmentation •Marketing Research •Understanding Consumer Behavior •Organizational Marketing and Buying Behavior •International Marketing Mix •Small Business and the Marketing Mix Bina Nusantara University 3 What Is Marketing? • Process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational objectives • Marketing mix of goods and services are: – Developing – Pricing – Placing – Promoting Bina Nusantara University 4 Value & Satisfaction • Benefits include the functions of the product and the emotional satisfactions associated with owning, experiencing or possessing it. • Benefits must exceed costs to be of value to the consumer. Value = Benefits Costs Bina Nusantara University 5 Marketing: Providing Value and Satisfaction • Value and Utility – Utility is the ability of a product to satisfy a human want or need. Four kinds: • • • • Bina Nusantara University Time Utility Place Utility Ownership Utility Form Utility 6 Goods, Services, Ideas • Consumer goods are products purchased by consumers for personal use • Industrial goods are products used by companies to produce other products • Services are intangible products that can be purchased Bina Nusantara University 7 The Marketing Environment External environment is the outside factors that influence marketing programs by posing opportunities and threats. Five environmental factors: •Political–Legal Environment •Social–Cultural Environment •Technological Environment •Economic Environment •Competitive Environments Bina Nusantara University 8 Competitive Environment Substitute products differ from those of competitors but can fill the same need. Bina Nusantara University Brand competition occurs between similar products. International competition matches domestic products against foreign products. 9 Marketing Mix (4 P’s) Product Price Place Promotion Bina Nusantara University 10 Product and Pricing • A product is a good, service, idea to fill need or want. • Pricing is selecting the best price at which to sell a product. • • Product Differentiation the creation of a product feature or product image that differs enough from competing products to attract consumers. Bina Nusantara University Price Must Create Profit By: – Covering Costs – Attract Customers • High-Low Strategy – Low = Large Sales Volume – High = Greater Profit Per Unit Sold 11 Distribution (Place) Distribution is part of the marketing mix concerned with getting products from producers to consumers. – Decisions about warehousing (storage), inventory control and transportation mode. – Decisions about channels. Bina Nusantara University 12 Channels Of Distribution Producer Producer Producer Wholesaler Retailer Retailer Consumer Bina Nusantara University Consumer Consumer 13 Promotion Promotion is the techniques for communicating information about products. Four promotional tools: – – – – Advertising Personal Selling Sales Promotions Public Relations Bina Nusantara University Web Effect On Media Shopping What’s the biggest way the Web has changed how you shop for media? Comparison Shop 30% 36% Get More Obscure Titles Buy More Stuff 5% Use Online Suggestions 11% 18% No Change 14 What Is Target Marketing and Market Segmentation? • Target markets are groups of people with similar wants and needs. • Market segmentation is the process of dividing a market into categories of customer types. Bina Nusantara University 15 Identifying Market Segments – Geographic variables are geographical units – Demographic variables are characteristics of populations Bina Nusantara University 16 Identifying Market Segments Psychographic variables are consumer characteristics such as lifestyles, opinions, interests and attitudes Behavioral variables are consumer characteristics based on the use of a product, benefits sought from it, reasons for its purchase and brand loyalty Bina Nusantara University Toothpaste w/ -Whiteners -Fluoride -etc. 17 Market Research and Process • Study Consumer Needs/Wants • Determine Ways Sellers Can Satisfy Needs/Wants Bina Nusantara University 18 Research Process Study Situation Select Method Collect Data Analyze Data Prepare Report Bina Nusantara University 19 What Is Consumer Behavior? • Study of the decision process by which people buy and consumer products, influenced by: – Psychological influences: individual’s motivations, perceptions and attitudes – Personal influences: lifestyle, personality and economic status – Social influences: family, opinion leaders and reference groups – Cultural influences: culture, subculture and social class Bina Nusantara University 20 Consumer Buying Behavior Bina Nusantara University 21 Marketing Mix- International and Small Business • Marketing Mix-International • Products- Redesign For Foreign Buyer • Pricing- Cover Increased Cost Of Transport/Selling • Distribution- Delays In Establishing Network For Startup • Promotion- Cultural Differences Bina Nusantara University •Marketing Mix – Small Business •Products- Limited Buying Market •Pricing- Incorrect Cost Estimation •Distribution- Location Is Critical •Promotion- Local Which Is Cheaper 22