Basic Marketing A Global-Managerial Approach Stanley J. Shapiro Kenneth Wong William D. Perreault, Jr. E. Jerome McCarthy For use with Shapiro, Wong, Perreault, and McCarthy texts. Copyright © 2002 McGraw-Hill Ryerson Li mi ted. Chapter 1: Marketing’s Role within Organizations For use with Shapiro, Wong, Perreault, and McCarthy texts. Copyright © 2002 McGraw-Hill Ryerson Li mi ted. Marketing Defined Micro-marketing The performance of activities that seek to accomplish an organization’s objectives by anticipating customer needs and directing the flow of need-satisfying goods and services. 1-3 Macro-marketing A social process that directs an economy’s flow of goods and services to effectively match supply and demand and to meet society’s objectives. For use with Shapiro, Wong, Perreault, and McCarthy texts. Copyright © 2002 McGraw-Hill Ryerson Li mi ted. Utility and Marketing From Production Time Time Form Form Utility Utility Value Value that that comes comes from from satisfying satisfying human human needs needs Task Task Exhibit 1-1 1-4 Place Place Possession Possession From Marketing For use with Shapiro, Wong, Perreault, and McCarthy texts. Copyright © 2002 McGraw-Hill Ryerson Li mi ted. Marketing’s Changing Role Simple Simple Trade Trade Era Era Production Production Era Era Sales Sales Era Era 1-5 Focus: Sell Sell Surplus Surplus Focus: Increase Increase Supply Supply Focus: Beat Beat Competition Competition Marketing MarketingDepartment Department Era Era Focus : Marketing MarketingCompany Company Era Era Focus : Coordinate Coordinate and and Control Control Long-Run Long-Run Customer Customer Satisfaction Satisfaction For use with Shapiro, Wong, Perreault, and McCarthy texts. Copyright © 2002 McGraw-Hill Ryerson Li mi ted. The Marketing Concept Customer Customer Satisfaction Satisfaction Total TotalCompany Company Effort Effort The Marketing Concept Profit Profit Exhibit 1-2 1-6 For use with Shapiro, Wong, Perreault, and McCarthy texts. Copyright © 2002 McGraw-Hill Ryerson Li mi ted. Customer Value Reflects Benefits and Costs Customer value concerns the difference between the benefits a customer sees from a firm’s market offering and the costs of obtaining those benefits Costs 1-7 Benefits The customer’s view of costs and benefits is not just limited to economic (or even rational) considerations--and a low price may NOT result in superior value. For use with Shapiro, Wong, Perreault, and McCarthy texts. Copyright © 2002 McGraw-Hill Ryerson Li mi ted. Nonprofits Need Marketing, Too NonNonCustomer Customer Support Support NonNonEconomic Economic Measures Measures Characteristics of Nonprofit Organizations Poorly Poorly Organized Organized for forMarketing Marketing 1-8 For use with Shapiro, Wong, Perreault, and McCarthy texts. Copyright © 2002 McGraw-Hill Ryerson Li mi ted.