Week 1: Introduction to Marketing
• Marketing concept – focus on key component of marketing concept
o Customer –orientation
o Integrated effort
o Goals achievement
• Customer needs, wants and demand
o See definition of needs
o Definition of wants
o Definition of demand and how demand will occur.
Week2: Overview of Marketing plan
• Type of marketing plan
o Business plan ( focus on business goal—plan to reach those goals
o Strategic marketing plan ( scan environment, evaluate market target , sale growth , profit and ROI)
o Tactical plan ( deal with marketing issues / Create awareness of products/ seek new target market)
• Situational analysis - PEST analysis
o Political ( how political impact on marketing)
o Economic (how economic impact on marketing)
o Social (how social impact on marketing)
o Technology ( How technology impact on marketing)
• Understanding product life cycle stages
o Introduction phase
Demand low
Product awareness is low
Technology is a key issues in product development
o Growth Phase
Customer demand begins to increase
Investments a lot on marketing activities to increase profit
o Mature phase
Demand of product is saturated
Customer starts to switch to competitor
High competitor
o Declining phase
Fall in profit margin
Reduction in product line
No investment in R&D
Demand decline rapidly
• Marketing strategy
Focus on strategic thrust
Market expansion – existing product in existing market
Product development – new product in existing market
Market development – existing product in new market
Enter new market – new product in new market
Week 3: Segmentation
Segmentation bases
o Behavioral
Benefit sought
Purchase occasion
loyalty status
usage
o psychographics
lifestyle
perception & belief
personality
o Profile
Demographic
Social class
Geographic
Target market strategies
o Single segment or concentrated strategy – served single market with one marketing mix
o Selective specialization or differentiated strategy – different marketing mix are offered to different segment
o Product specialization – firm specialize in particular product to different segment
o Market specialization –Firm specialize in serving particular segment and offer different product to a segment
o Full market coverage – serve all segments with all products. This approach is viable for firms with a large amount of resources.
Product positioning
o Positioning strategies
Against competitors
Away from competitor
Benefits
Product attributes
Life style
Week 4 : Understanding consumer decision making process
o Consumer decision making process
o Problem recognition
Problem happens when there is a gap between actual state and desired state
What is actual state ?
What is desire state ?
o Type of consumer problem
Active problem – consumer aware of
Inactive problem – consumer is not aware of
o Discover consumer problem by
Survey
Focus group
o Information search ( essay)
o Internal ( past purchase / experiences / memory )
o External
Personal source- family , friends etc
Commercial – ads , packaging , product display .
Public source- internet , blog, pantip, consumer review.
o Factors that impact on information search stages
Product involvement ( Essay )
• High involvement
• Low involvement
Perceived risks
• Performance risks
• Social risks
• Financial risk
• Physical risk
• Psychological risk
o Evaluation production alternative – choice criteria
o Purchase – store or online
o Post purchase
Customer satisfaction
Post purchase dissonance – internal conflict come from inconsistency of behavior
Customer loyalty
Week5 : Influence factor
o Situational factors
o Physical surrounding – store atmosphere, display
o Social surrounding- interaction of customer and seller , crowing store
o Time perspective- pressure of time
o Buyers moods
o Psychological factors
o Perception – process of selection, organizing, interpreting information inputs through 5 sensory . e.g ads can change perception of consumer
o Motives – Maslow hierarchy of need
Week 1: Introduction to Marketing
• Marketing concept – focus on key component of marketing concept
o Customer –orientation
o Integrated effort
o Goals achievement
• Customer needs, wants and demand
o See definition of needs
o Definition of wants
o Definition of demand and how demand will occur.
Week2: Overview of Marketing plan
• Type of marketing plan
o Business plan ( focus on business goal—plan to reach those goals
o Strategic marketing plan ( scan environment, evaluate market target , sale growth , profit and ROI)
o Tactical plan ( deal with marketing issues / Create awareness of products/ seek new target market)
• Situational analysis - PEST analysis
o Political ( how political impact on marketing)
o Economic (how economic impact on marketing)
o Social (how social impact on marketing)
o Technology ( How technology impact on marketing)
• Understanding product life cycle stages
o Introduction phase
Demand low
Product awareness is low
Technology is a key issues in product development
o Growth Phase
Customer demand begins to increase
Investments a lot on marketing activities to increase profit
o Mature phase
Demand of product is saturated
Customer starts to switch to competitor
High competitor
o Declining phase
Fall in profit margin
Reduction in product line
No investment in R&D
Demand decline rapidly
• Marketing strategy
Focus on strategic thrust
Market expansion – existing product in existing market
Product development – new product in existing market
Market development – existing product in new market
Enter new market – new product in new market
Week 3: Segmentation
Segmentation bases
o Behavioral
Benefit sought
Purchase occasion
loyalty status
usage
o psychographics
lifestyle
perception & belief
personality
o Profile
Demographic
Social class
Geographic
Target market strategies
o Single segment or concentrated strategy – served single market with one marketing mix
o Selective specialization or differentiated strategy – different marketing mix are offered to different segment
o Product specialization – firm specialize in particular product to different segment
o Market specialization –Firm specialize in serving particular segment and offer different product to a segment
o Full market coverage – serve all segments with all products. This approach is viable for firms with a large amount of resources.
Product positioning
o Positioning strategies
Against competitors
Away from competitor
Benefits
Product attributes
Life style
Week 4 : Understanding consumer decision making process
o Consumer decision making process
o Problem recognition
Problem happens when there is a gap between actual state and desired state
What is actual state ?
What is desire state ?
o Type of consumer problem
Active problem – consumer aware of
Inactive problem – consumer is not aware of
o Discover consumer problem by
Survey
Focus group
o Information search ( essay)
o Internal ( past purchase / experiences / memory )
o External
Personal source- family , friends etc
Commercial – ads , packaging , product display .
Public source- internet , blog, pantip, consumer review.
o Factors that impact on information search stages
Product involvement ( Essay )
• High involvement
• Low involvement
Perceived risks
• Performance risks
• Social risks
• Financial risk
• Physical risk
• Psychological risk
o Evaluation production alternative – choice criteria
o Purchase – store or online
o Post purchase
Customer satisfaction
Post purchase dissonance – internal conflict come from inconsistency of behavior
Customer loyalty
Week5 : Influence factor
o Situational factors
o Physical surrounding – store atmosphere, display
o Social surrounding- interaction of customer and seller , crowing store
o Time perspective- pressure of time
o Buyers moods
o Psychological factors
o Perception – process of selection, organizing, interpreting information inputs through 5 sensory . e.g ads can change perception of consumer
o Motives – Maslow hierarchy of need
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