11-1 Chapter 11 Services Marketing 11-2 McGraw-Hill/Irwin Copyright © 2004 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter Goals • Importance of services in advanced economies • Nonbusiness services marketing • Characteristics of services and their marketing implications • Design of a services marketing mix • Managing service quality • Productivity and performance challenges of service marketers 11-3 McGraw-Hill/Irwin Copyright © 2004 by The McGraw-Hill Companies, Inc. All rights reserved. Definition of Services Identifiable, intangible activities that are the main object of a transaction designed to provide want-satisfaction to customers Supplementary Services support the sales of a good or service 11-4 Goods-Services Continuum 11-5 Scope of Services For Profit Not For Profit NonProfit 11-6 Characteristics of Services 11-7 Intangibility Perishability Inseparability Heterogeneity Services Customer Target Market For Profit Provider 11-8 Nonbusiness Client Selecting Target Markets Geographic Demographic Buying Behavior Market Segmentation 11-9 Product Planning 11-10 Services Offering Product-Mix Strategies Product Features Differentiate Expand the line CREATE A BRAND Contract the mix Tangible object Alter the service Memorable slogan Manage the life cycle Distinctive color scheme Pricing Structure Pricing for Profit Firms Markup Willing to pay Perishability SupplyDemand 11-11 Pricing for Nonprofits Less important Contributions set by provider Client charges do not cover costs Pricing Strategies Discounts One price Flexible price Markup Three levels of price competition Non-price competition Segmentation and price Intense price competition 11-12 Distribution System Channels of Distribution Inseparability Heterogeneity 11-13 Short simple Number of middlemen Distribution Facilities Location Convenience Accessibility Promotional Program Inseparability Service Encounter Personal Selling Customer-contact personnel Incentives Advertising Cause-related 11-14 Sales Promotion Managing Service Quality Quality is defined by the customer 11-15 Expectations of the customer Compared to Help formulate expectations Measure expectation level How work was performed Service quality at or above expectation Future of Services Marketing Impact of Technology Performance Measurement 11-16 Increase Productivity Prospects for Growth Key Terms and Concepts • Services • For-profit services firms • Not-for-profit services organizations • Nonprofit organizations • Intangibility • Inseparability 11-17 McGraw-Hill/Irwin • • • • • • Heterogeneity Perishability Provider market Client market Service encounter Service quality Copyright © 2004 by The McGraw-Hill Companies, Inc. All rights reserved.