what are the task necessary for successful marketing
TRANSCRIPT
WHAT ARE THE TASK NECESSARY FOR SUCCESSFUL
MARKETING MANAGEMENT?
DEVELOPING MARKETING STRATEGIES AND PLANS
Identify potential long-run opportunities, given its market
experience & core competencies.
ACCESSING MARKET OPPORTUNITIES & CUSTOMER VALUE
Closely monitor the market environment to access market potential & forecast demands.
Create best value for your target markets & develop
strong, profitable relationship with customers.
CHOOSING VALUEDivide the market into major segments.
Anticipate how your competitors
will respond.
Evaluate each segments, target those which you can provide the best
value.
DESIGNING VALUE
Farm’s offerings must include quality, design, features, &
packaging.
DELIVERING VALUE
Make product accessible &
available to target customers.
Understand various
distribution firms and how do they
make their decisions.
COMMUNICATING VALUE
Set up ads, sales promotions, events, & public relations.
Adopt direct & interactive
marketing.
SUSTAINING GROWTH & VALUE Initiate new-product
development, testing, & launching.
Keep in account changing global opportunities &
challenges.
These slides were created by-
Biswajit Biswas IIT(BHU), Varanasi During a Marketing
Internship by Prof. Sameer Mathur
IIM(Lucknow)
www.IIMInternship.com