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PR|NC|PLES○F
arketing
Chapter one
Creating and Capturing Customer
Value
Creating and Capturing Customer
Value
Topic Outline
Define marketing and outline the steps in the
marketing process
Understanding the Marketplace and Customer
Needs
Designing a Customer-Driven Marketing Strategy
Preparing an Integrated Marketing Plan and
Program
Building customer Relationships
Capturing Value from Customers
The Changing Marketing Landscape
Copyright@ 2010 Pearson Education, Inc
Chapter 1-slide 2
ublishing as Prentice Ha
What Is Marketing?
Marketing is a process by which
companies create value for customers
and build strong customer relationships
to capture value from customers in
return
Copyright@ 2010 Pearson Education, Inc
Chapter 1-slide 3
ublishing as Prentice Ha
Understanding the Marketplace
and Customer Needs
Core Concepts
Customer needs. wants. and demands
Market offerings
Customer value and satisfaction
Exchanges and relationships
· Markets
Copyright@ 2010 Pearson Education, Inc
Chapter 1-slide 4
ublishing as Prentice Ha
Understanding the Marketplace
and Customer Needs
Customer Needs, Wants and Demands
States of deprivation
Needs
Physical-food, clothing, warmth, safety
Social-belonging and affection
Individual-knowledge and self-expression
Wants
Form that human needs take as they are shaped by o o)
culture and individual personality
Demands… Human wants backed by buying power
Copyright@ 2010 Pearson Education, Inc
Chapter 1-slide 5
ublishing as Prentice Ha
Understanding the Marketplace
and customer needs
Market offerings are some
combination of products, services
information or experiences offered to a
market to satisfy a need or want
Marketing myopia is focusing only on 8
existing wants and losing sight of
underlying consumer needs
Copyright@ 2010 Pearson Education, Inc
Chapter 1-slide 6
ublishing as Prentice Ha
Understanding the Marketplace
and Customer Needs
Customer Value and satisfaction
E
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