8/27/2019 Marketing Management Professor Hatem El-Gohary PhD, MSc, MRes, PGDip, BSc, PGCHE, Chartered Marketer, CeM, CSMA, HEA Fellow, AABPP Fellow, CMI Fellow Professor of Marketing Editor in Chief: International Journal of Online Marketing 2019 Let’s have a look at Marketing Management Marketing Management 1 8/27/2019 3 4 Some Important Points Professor Hatem El-Gohary PhD, MSc, MRes, PGDip, BSc, PGCHE, Chartered Marketer, CeM, CSMA, HEA Fellow, AABPP Fellow, CMI Fellow Professor of Marketing Editor in Chief: International Journal of Online Marketing 2 8/27/2019 Some Important Points Course objectives Program learning outcomes Weighting All 1,3,4 & 5 15% 1,2,3,4,5,7 & 8 1,2 & 3 30% Concepts testing All 1,2,3 & 5 25% Class work participation All All 10% 1,2,3,7,&8 1,2,3 & 5 1,2,3,4,5,7 & 8 1,3 & 5 Assessment tool One group case study report Marketing Group Project One individual marketing case 10% study. Individual strategy case. Total 10% 100% Some Important Points Form your project group from now. Group Project submission deadline will be determined ASAP . 3 8/27/2019 7 Some Important Points Course Book: Marketing Management: A Strategic Decision-Making Approach (E-Book English Version), John W. Mullins and Orville C. Walker, McGraw Hill. ISBN: 9781121862012 8 o The process of you receiving eBooks is that you should buy the access code from Textbooks Section by sending an e-mail to this e-mail address : ebooks@qu.edu.qa contains the following: 1. eBook title. 2. Book Code (VBID:0077147898) o After that the Textbooks Section will sell it to you automatically and you will receive a conformation e-mail contain the access code through your QU email. o After that you can access the e-book through VitalSource platform adopted in Blackboard by entering your purchased codes. 4 8/27/2019 9 Some Important Points What do I expect from you: o Commitment to attendance At The Exact Time Of The Lecture. o In accordance with the university policies, the usage of mobile phones are not allowed in the classroom. o Commitment to the Student Integrity Charter. o Commitment to study. o Seek my help at any time if you need any academic help (or any other required support). o Submit your work before or on the submission deadline. o Submit all your required work . 10 5 8/27/2019 11 Some Important Points What to expect from me: o Transfer of my scientific, academic and practical knowledge and experience to you. o I will be available at all lectures. o I will be available in my office hours. o I will be available if you need any academic assistance (even if it is outside the office hours). o I will be available to assist you even after you have completed your course. Introduction The Marketing Management Process 2019 6 8/27/2019 Learning Objective: o Understand and manage the strategic process of taking goods and services to market. Lesson Objectives: o Define “Marketing”; o Understand the vital role of marketing in an organisation; o Understand the integrated process of taking goods and services to market; and to o Evaluate the role of marketing as a strategic function. 7 8/27/2019 What is Marketing? o o o It is a way of thinking. It goes beyond selling and/or advertising. It is a mindset which puts the customer first. What is “Marketing”? o o o o o o o What is the purpose of a business? What is the focus of a business? Who pays for what the business offers? What does the “customer” expect back? What is an organisation? Who coordinates all this? What does “Marketing” do? 8 8/27/2019 Marketing Defined: o “The management process which identifies, anticipates and satisfies customer needs profitably” Chartered Institute of Marketing o “ 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.” American Marketing Association o 'The strategic business function that creates value by stimulating, facilitating and fulfilling customer demand.„ Proposed CIM definition What is the problem? 9 8/27/2019 But what did the customer buy? o o o o o Fish! Any fish? The cheapest fish? The best fish? The best value fish! Customers always buy best value for their needs; not cheapest; They buy the product that best suites their needs, not the cheapest; They don‟t buy what they don‟t need o But you have to define what is: “need” o What the customer wants: This Way Round So what should an organisation provide? o Where he/she wants it: o Specialist support/ corner shop o When he/she wants: o Time of day, time of year, Not This Way Round o So we need to tell him/her about the values in the product/service o At a fair value price for what he/she wants it for: o To cover the costs and make a profit. 10 8/27/2019 The Marketing Mix: Price Place The Marketing Mix Promotion Product The Marketing Mix The extended marketing mix Product Promotion Price Place The additional elements deal with the characteristics of services:- o People - proof that the people doing the task are capable: trained; meet service requirements. o Process - an agreed method of doing things. o Physical evidence - Proof that the service works. 11 8/27/2019 So companies could focus on: o Production: o Producing as much as we can, any unit produced will be sold. o Products: o They make better and better and cheaper and cheaper products, but no-one wants to buy them. The “more for less” approach. o Cost Cutting: o Making more and more cuts to generate profit. o Selling: o They push the product so hard, you buy because of the salesman. The “Selling what I make” approach. o Marketing: o Studying the customer and developing products to meet his/her needs. The “making what I can sell” approach. Production Orientation “customers want the products I make” Focus 1 o The central focus is to attain economies of scale by producing a limited range of products in a form that minimises cost. Focus 2 o The focus is upon the organisation defining itself by its production facilities 12 8/27/2019 Product focus o KPN profile “KPN is the leading telecommunications and ICT service provider in The Netherlands, offering wireline and wireless telephony, internet and TV to consumers, and end-to-end telecommunications and ICT services to business customers. KPN‟s subsidiary Getronics operates a global ICT services company with a market-leading position, offering end-to-end solutions in infrastructure and network-related IT. “ The Sales Orientation “making people buy things they don’t want” o The customer does not understand how great our products are, so he/she must be made to understand. o We will push them hard through sales techniques; price and frequent product modifications. o There is no mention of the customer except as a passive receiver of the sale. 13 8/27/2019 e.g. has been established since 1996 as the leading Freight Forwarding company to fulfil the demanding needs of our clients companies. We are aggressive and sales-oriented company in air & ocean freights. Particularly, we are handling project cargo and we have not only many experiences but also have qualified expertise in various plant project transportation such as refinery plant, power plant station, chemical plant, at many places in the 6 continents. Cost Orientation “we must focus on controlling our costs” o Financial measures drive the company. o Price set as a function of costs. o Profit drives budgets. 14 8/27/2019 The Marketing Concept: Marketing Concept The achievement of corporate goals through meeting and exceeding customer needs better than the competition Customer Orientation Corporate activities are focused upon providing customer satisfaction Integrated effort All staff accept the responsibility of creating customer satisfaction Goal Achievement The belief that corporate goals can be achieved through customer satisfaction Marketing Oriented Businesses in the Modern Day Market o o o o o o o o o o Customer driven through business. Know customer choice criteria and react to it. Segment by customer differences. Invest in market research (MR). Welcome change. Understand competition. Invest and innovate. Look for hidden markets. Are fast to the market. Strive for competitive advantage. 15 8/27/2019 Introduction to Marketing “Management must think of itself not as producing products, but as providing customer-creating value satisfactions. It must push this idea (and everything it means and requires) into every nook and cranny of the organisation. It has to do this continuously and with the kind of flair that stimulates the people in it” Theodore Levitt Elements of marketing orientation Culture o Norms. o Values. o Mindsets. o Behaviour. Knowledge generation Knowledge use Capabilities o Sensing what customers want. o Linking customer needs to company capabilities. o Building relationships. Customers o Understand. o Satisfy. o Retain. Organisation o Structure. o Systems. o Control. Strategic Thinking o Processes. o Abilities. 16 8/27/2019 مقدّمة للتسويق 34 Open discussion and case study 17 8/27/2019 Reference and Supplementary Reading o o o o Baines, Fill and Page : MARKETING (2008) OUP Blois, Oxford Textbook of Marketing (latest edition) OUP Palmer (R) et al., Managing Marketing (2008) BH Oowersloot and Duncan, Integrated Marketing Communications (McGraw Hill) o McDonald and de Chernatony, Building Powerful Brands (2007) Elsever. o Rosenberg and Siems, Pricing Perspectives (2007) (Palgrave MacMillan). o Dent, Distribution Channels (2008) Kogan Page. o Kotler, Marketing 3.0 (2010) Wiley. o Lusch and Vargo, Service Dominant Logic (2006) M.E. Sharpe o Tadajewski and Brownlie, Critical Marketing (2008) Wiley 18 8/27/2019 Journals: o ABI Inform/Emerald/... o Ebook library o AMA o Library 19