Introduction:
Marketing Management is the leading marketing text because its content and organization consistently reflect changes in marketing theory and practice.
Marketing Management continues to reflect the changes in the marketing discipline over the past 40 years.
Firms now sell goods and services through a variety of direct and indirect channels. Mass advertising is not nearly as effective as it was, so marketers are exploring new forms of communication, such as experiential, entertainment, and viral marketing.
Customers are telling companies what types of product or services they want and when, where, and how they want to buy them.
They are increasingly reporting to other consumers what they think of specific companies and products—using e-mail, blogs, podcasts, and other digital media to do so.
Company messages are becoming a smaller fraction of the total “conversation” about products and services. In response, companies have shifted gears from managing product portfolios to managing customer portfolios, compiling databases on individual customers so they can understand them better and construct individualized offerings and messages. They are doing less product and service standardization and more niching and customization.
They are replacing monologues with customer dialogues. They are improving their methods of measuring customer profitability and customer lifetime value. They are intent on measuring the return on their marketing investment and its impact on shareholder value. They are also concerned with the ethical and social implications of their marketing decisions.
Course Objectives:
By the end of this training course, participants will be able to: