This document discusses key concepts from marketing textbooks and local/medical applications. It covers 7 concepts related to collecting information and forecasting demand from internal records, analyzing the macroenvironment, and forecasting market and company demand. Specific examples discussed include order-to-payment cycles, social information systems, analyzing economic and political environments, forecasting demand for new products, and measuring sales projections. The concepts are presented in outline form with references to textbook authors like Kotler alongside Philippine examples from various industries including medical.
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Concept 4:
Target, Positioning,
Segmentation
Kotler: Volvo developing for buyers
whose priority is safety
Local: Forever 21 in major malls
RP medical applications:
Flu vaccines sold in schools for
young children
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Concept 6:
Relationship Marketing
Kotler: Royal Bank of Canada putting
its customers at the center of how it
runs its company
Local: Parlors, Nail Salons
RP medical applications:
Patient First in The Medical City
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Concept 1:
Customer Value
Value Delivery Process
Choose Provide Communicate
Superior value is key for a
well-defined target market.
VALUE CHAIN
Every firm is a synthesis of
activities performed to design,
produce, market, deliver, and
support its product.
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Concept 1: CUSTOMER VALUE
Core Competency
1. A source of competitive advantage
2. Applicable in a wide market variety
3. Difficult for to imitate
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Concept 3:
Define the corporate mission.
focus on a limited number of goals
stress the companys major policies and values
Define the major competitive spheres within which
the company will operate
Take a long-term view
Short, memorable, and meaningful
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Concept 5:
Marketing Plan
Written document summarizing what the marketer
has learned about the marketplace & indicates
how the firm plans to reach its objectives
Customer- and competitor-oriented, better
reasoned, more realistic
Executive summary and TOC
Situation analysis
Marketing strategy
Financial projections
Implementation controls
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Concept 6:
Role of Research & Relationships
Research
Up-to-date info about the envt, competition, selected market
segments
Measures progress toward obectives and identify areas for
improvement
Helps marketers learn more about the customer
Relationships
Influences how employees work with each other
Affects suppliers, distributors, partners
Influences company dealings with other stakeholders
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Concept 7:
Holistic Marketing
integrating the value exploration, value
creation, and value delivery activities with
the purpose of building long-term, mutually
satisfying relationships and coprosperity
among key stakeholders
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1 Internal Records
Order-to-payment cycle
Social information system
2 Analyzing the Macroenvironment
Economic environment
Political-legal environment
3 Forecasting and Demand Measurement
Market demand
Company deman
OUTLINE of CONCEPTS
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Order-to-payment cycle
Kotler : Fossil group
Local : Online selling
RP Medical application: Purchase of new
laparoscopic probes for minimal invasive surgery
Concept 1
Internal Records
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Sales information system
Kotler: Panasonic
Local: Carmens Best Ice Cream
RP Medical application: Consultants having clinics
in different hospitals
Concept 1
Internal Records
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Needs and Trends
Identifying Major Forces
Demographic Environment
Economic Environment
Socio-cultural Environment
Natural Environment
Technological Environment
Political-Legal Environment
Analyzing the Macroenvironment
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Economic Environment
Kotler: Starwood hotels
Local: Tingi-tingi culture, Unli-everything promos
RP medical application: Boom of Multispecialty Clinics,
tertiary/high-end/hotel-like Hospitals such as Asian, TMC, St.
Lukes
Concept 2
Economic Environment
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Political-Legal Environment
Kotler: European Commission laws on competitive
behavior
Local: Constant and unresolved corruption in the
government, Questionable policies - Cyber-bullying Law
RP medical application: Local politicians who use
PhilHealth membership to get votes without follow-up;
SinTax Bill directing tax funds to improve health outcomes
Concept 3
Political-legal Environment
#15: *with informed buyers and abundant choices, superior value is key
*smart competitor must design and deliver offerings for a well defined target market
3 phases of value creation & delivery sequence:
STP = homework & essence of marketing
Determine specific product features, prices and distribution
Utilizing sales force, internet, advertising, etc to announce and promote the product
Process starts before there is a product, continues through devt, and after the launch
PRIMARY ACTIVITIES
Inbound logistics = bringing matls into the business
Operations = converting matls into final products
Outbound logistics = shipping out final products
Marketing = sales
Service
SECONDARY ACTIVITIES
Procurement
Technology Development
Human Resource Management
Firm infrastructure
#22: What is our business? Who is our customer? What is of value to the customer? What will be our business be?
#24: A target market definition tends to focus on selling a product or service to a current market.
strategic market definition,
however, also focuses on the potential market. If
#26: Provides direction for a brand, product, or company, fundraising, outreach efforts, etc
#31: How a company identifies new value opportunities value exploration
How a company efficiently creates more promising new value offerings value creation
How a company uses its capabilities and infrastructure to deliver the new value offerings more efficiently value delivery