CHAPTER 7 BUSINESS-TOBUSINESS MARKETING Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 7-1 Business-to-Business Marketing LEARNING OBJECTIVES LO1 LO2 LO3 LO4 LO5 Describe the ways in which business-tobusiness (B2B) firms segment their markets. List the steps in the B2B buying process. Identify the different roles within the buying center. Describe the different types of organizational cultures. Detail different buying situations. 7-2 General Electric ZUMA Press, Inc./Alamy 7-3 B2B Marketing C Squared Studios/Getty Images ©1998 EyeWire, Inc Who is the end user? 7-4 B2B Markets Resellers Manufacturers/ Service providers B2B Markets Institutions Government U.S. Census 7-5 Manufacturers and Service Providers Buy raw materials, components or parts Manufacture their own goods Car Culture/Getty Images Gear Expo News Clip 7-6 Resellers Manufacturer Reseller Retailer Courtesy Eastman Chemical Company 7-7 In what kind of publication might this appear? Courtesy Pepsi-Cola Company 7-8 Chipwich Teaches Business” 7-9 Institutions Schools, Museums and Religious Organizations Royalty-Free/CORBIS Annie Reynolds/PhotoLink/Getty Images Royalty-Free/CORBIS 7-10 State and local governments also make significant purchases Firms specialize in selling to government Hisham F Ibrahim/Getty Images US Government spends $2.1 trillion procuring goods Getty Images Government 7-11 Adding Value: Paris Runways Photo by Eric Ryan/Getty Images 7-12 Check Yourself 1. What are the various B2B markets? 7-13 B2B Buying Process Need recognition Product specification RFP process Proposal analysis and supplier selection Order specification Vendor/ performance assessment using metrics 7-14 Stage 1: Need Recognition Sources for recognizing new needs: Times Photo by Toni L Sandys/Newscom Can be generated internally or externally Salespeople Competitors Sylvain Grandadam/The Image Bank/Getty Images Suppliers 7-15 Stage 2: Product Specifications Royalty-Free/CORBIS Used by Suppliers to develop proposals Can be done collaboratively with suppliers 7-16 Stage 3: RFP Process (Request for Proposal) ©Toyota Motor Engineering & Manufacturing North America, Inc. Federal Business Opportunities Website 7-17 Step 4: Proposal Analysis, Vendor Negotiation and Selection Often several vendors are negotiating against each other Considerations other than price play a role in final selection Courtesy The Goodyear Tire & Rubber Company 7-18 Step 5: Order Specification Firm places the order The exact details of the purchase are specified All terms are detailed including payment Digital Vision/Getty Images 7-19 Step 6: Vendor Performance Assessment Using Metrics (2) Importance Score (3) Vendor’s Performance (4) Importance x Performance (2) x (3) Customer Service .40 5 2.0 Issue Resolution .20 4 0.8 Delivery .10 5 0.5 Quality .30 3 0.9 Total 1.00 (1) Key Issues 4.2 7-20 Check Yourself 1. Identify the stages in the B2B buying process. 2. How do you perform a vendor analysis? 7-21 The Buying Center Influencer Initiator Decider Buying center Gatekeeper Buyer User 7-22 Wine Entrepreneur 7-23 Organizational Culture Democratic Autocratic Buying culture Consultative Consensus 7-24 Buying Situations New buy Buying situations Modified rebuy Straight rebuy 7-25 New Buy • Purchasing for the first time • Likely to be quite involved • The buying center will probably use all six steps in the buying process dynamicgrapics/Jupiterimages 7-26 Modified Rebuy Purchasing a similar product but changing specifications Current vendors have an advantage RubberBall Productions 7-27 Straight Rebuys Buying additional units or products that have been previously purchased Most B2B purchases fall into this category Ryan McVay/Getty Images 7-28 Identify the Buying Situations The manager for a Kroger supermarket considers reordering items for his store. He will negotiate price concession and quality improvements. The manager is engaging in a(n) __________ situation. New buy Denise is sharing with coworkers, “This customer just make a another big order, and they just keep on coming." Denise is likely selling to a customer in what kind of buying situation? Modified rebuy Benjamin, the new sales manager for Burns & Company, was alarmed that the representatives used paper to track customer information. He made a decision to upgrade to a CRM system. For Benjamin, this represented a(n) __________ situation. Straight rebuy 7-29 CHECK YOURSELF 1. What factors affect the B2B buying process? 2. What are the six different buying roles? 3. What is the difference between new buy, rebuy, and modified rebuy? 7-30