where is process of marketing Related: Marketing Management Orientati...
where is process of marketing Related: Marketing Management Orientati...
Marketing Process and Marketing Management Orientation are key concepts in the field of marketing. The process of marketing involves several stages that need to be followed by marketing managers to ensure the success of their marketing campaigns. In this response, we will discuss the different stages of the marketing process and the marketing management orientation.
Marketing Process
The marketing process consists of the following stages:
1. Situation Analysis: In this stage, the marketing manager analyzes the market situation and identifies the needs of the customers.
2. Market Research: This stage involves conducting market research to gather information about the target market, competitors, and trends.
3. Segmentation: The marketing manager segments the market into different groups based on their characteristics such as age, gender, income, etc.
4. Targeting: In this stage, the marketing manager selects the target market that is most suitable for the product or service.
5. Positioning: The marketing manager positions the product or service in the minds of the target market.
6. Marketing Mix: This stage involves developing a marketing mix that includes product, price, promotion, and place.
7. Implementation: The marketing plan is implemented and the marketing campaign is launched.
8. Evaluation: The marketing manager evaluates the success of the marketing campaign and makes necessary adjustments for future campaigns.
Marketing Management Orientation
Marketing management orientation refers to the approach that a company takes in its marketing efforts. There are five marketing management orientations:
1. Production Orientation: This orientation focuses on production efficiency and low costs.
2. Product Orientation: This orientation focuses on product quality and innovation.
3. Sales Orientation: This orientation focuses on sales volume and persuasive selling techniques.
4. Market Orientation: This orientation focuses on understanding the needs and wants of the customers and developing products that meet those needs.
5. Societal Orientation: This orientation focuses on meeting the needs of the society as a whole, as well as those of the customers.
Conclusion
The marketing process and marketing management orientation are important concepts in marketing. The marketing process involves several stages that need to be followed by marketing managers to ensure the success of their marketing campaigns. The marketing management orientation refers to the approach that a company takes in its marketing efforts. By understanding these concepts, marketing managers can develop effective marketing campaigns that meet the needs of the customers and achieve the company's objectives.