Noah Trend

Each Saturday - Simple information - authorized references - hope to be helpful and useful ... !

Intro to Art of Marketing







Many people talk about " Marketing " ...
when you ask them about define it ..

you get many answers ...

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some people say :  



" that's what happens when a pushy salesman tries to sell me something i don't want " 


other people say :

" Oh , that's simple - TV commercials " 

students might answer :

" that's a course i have to take before  i can get my business degree "

- summarize : study of selling & advertising - or - telling and selling .. 

... " Each of these responses has a grain of truth " ... 

- Today :

define as - " satisfy customer need "  








Now we should answer some questions respectively ... !
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1 : What is Marketing concept ?!

" management orientation that focuses on identifying and satisfying -
consumer needs to insure the organization's long term profitability " 


2 : What is Marketing ?! 

A : " Marketing is the activity set of the institutions and processes
 for creating , communicating , delivering and exchanging offerings
that have value for customers , clients , partners and society at large " 

B : American Marketing Association adopted in late 2004 

" Marketing is an organizational function and set of processes for 
creating , communicating and delivering value to customers and for 
managing customer relationships in ways that benefit the organization and its stakeholder "  


3 : what s Marketing myopia ?! 

" The mistake of paying more attention to the specific products 
a company offers than to the benefits and experiences produced by this products 

4 : what Marketing management ?! 

" the art and the science of choosing target markets
 and building profitable relationships with them "  


5 : what is Market ?! 

" the set of all actual and potential buyers of a product or service "  


6 : what is Market place ?! 

" any location or medium used to conduct an exchange " 


7 : what is Market offering ?! 

" some combination of product , services , information 
or experiences offered to a market to satisfy a need or want " 


Marketing is about 

1 : meeting needs 
2 : creating utility 
3 : exchange relationships 

Some important definitions 
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Consumer : 

the ultimate user of a good or services 

Need : 

states of felt deprivation .. " actual state & ideal state " 

Want : 

the form human needs take as shaped by culture and individual personality 

Demand : 
human wants that are backed by buying power 

Benefits : 

the out come sought by a customer that motivates buying behavior that satisfy 

Utility : 

the usefulness or benefit consumers receive from a product 

Exchange :  
the act of obtaining a desired object from someone by offering something in return 





TO BE CONTINUED NEXT SATURDAY ... ! 


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