Description
Efnisyfirlit
- Cover Page
- Title Page
- Copyright Page
- Brief contents
- Contents
- Preface
- About the authors
- Acknowledgements
- Part 1 Defining marketing and the marketing process
- 1 Marketing: creating customer value and engagement
- Chapter preview
- Learning outcomes
- What is marketing?
- Marketing defined
- The marketing process
- Understanding the marketplace and customer needs
- Customer needs, wants and demands
- Market offerings – products, services and experiences
- Customer value and satisfaction
- Exchanges and relationships
- Markets
- Designing a customer value-driven marketing strategy and plan
- Selecting customers to serve
- Choosing a value proposition
- Marketing management orientations
- Preparing an integrated marketing plan and programme
- Building customer relationships
- Customer relationship management
- Partner relationship management
- Capturing value from customers
- Creating customer loyalty and retention
- Growing share of customer
- Building customer equity
- The changing marketing landscape
- The digital age: online, mobile and social media marketing
- Social media marketing
- Mobile marketing
- The changing economic environment
- The growth of not-for-profit marketing
- Rapid globalisation
- Sustainable marketing – the call for more environmental and social responsibility
- So, what is marketing? Pulling it all together
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: The ALS Ice Bucket Challenge
- Marketing ethics: is Big Brother watching?
- Marketing by numbers: what’s a customer worth?
- Video case: Eskimo Joe’s
- References
- Company case: Argos: creating customer value amid change and turbulence
- 2 Company and marketing strategy: partnering to build customer engagement, value and relationships
- Chapter preview
- Learning outcomes
- Company-wide strategic planning: defining marketing’s role
- Defining a market-oriented mission
- Setting company objectives and goals
- Designing the business portfolio
- Planning marketing: partnering to build customer relationships
- Partnering with other company departments
- Partnering with others in the marketing system
- Marketing strategy and the marketing mix
- Customer value-driven marketing strategy
- Developing an integrated marketing mix
- Managing the marketing effort
- Marketing analysis
- Marketing planning
- Marketing implementation
- Marketing department organisation
- Marketing control
- Measuring and managing marketing return on investment
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: Google’s (Alphabet’s) mission
- Marketing ethics: creating value or distracting consumers?
- Marketing by numbers: profitability
- Video case: Konica
- References
- Company case: LEGO: one more brick in the wall?
- Part 2 Understanding the marketplace and consumers
- 3 Analysing the marketing environment
- Chapter preview
- Learning outcomes
- The microenvironment
- The company
- Suppliers
- Marketing intermediaries
- Competitors
- Publics
- Customers
- The macroenvironment
- The demographic environment
- Geographic shifts in population
- The economic environment
- The natural environment
- The technological environment
- The political and social environment
- The cultural environment
- Responding to the marketing environment
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: sharing economy
- Marketing ethics: how young is too young?
- Marketing by numbers: tiny markets
- References
- Company case: Fitbit: riding the fitness wave to glory
- 4 Managing marketing information to gain customer insights
- Chapter preview
- Learning outcomes
- Marketing information and customer insights
- Marketing information and today’s ‘big data’
- Managing marketing information
- Assessing marketing information needs
- Developing marketing information
- Internal data
- Competitive marketing intelligence
- Marketing research
- Defining the problem and research objectives
- Developing the research plan
- Gathering secondary data
- Primary data collection
- Implementing the research plan
- Interpreting and reporting the findings
- Analysing and using marketing information
- Customer relationship management (CRM)
- Big data and marketing analytics
- Distributing and using marketing information
- Other marketing information considerations
- Marketing research in small businesses and non-profit organisations
- International marketing research
- Public policy and ethics in marketing research
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: the trail you leave behind
- Marketing ethics: metadata
- Marketing by numbers: the value of information
- Video case: Nielsen
- References
- Company case: Holland & Barrett: choosing the good life! by Dr Eleri Rosier, Cardiff University
- 5 Consumer markets and buyer behaviour
- Chapter preview
- Learning outcomes
- Model of consumer behaviour
- Characteristics affecting consumer behaviour
- Cultural factors
- Social factors
- Personal factors
- Psychological factors
- Types of buying decision behaviour
- Complex buying behaviour
- Dissonance-reducing buying behaviour
- Habitual buying behaviour
- Variety-seeking buying behaviour
- The buyer decision process
- Need recognition
- Information search
- Evaluation of alternatives
- Purchase decision
- Post-purchase behaviour
- The buyer decision process for new products
- Stages in the adoption process
- Individual differences in innovativeness
- Influence of product characteristics on rate of adoption
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussion the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: digital influencer credibility
- Marketing ethics: ultimate water
- Marketing by numbers: evaluating alternatives
- Video case: IMG Worldwide
- References
- Company case: Porsche: guarding the old while bringing in the new
- 6 Business markets and business buyer behaviour
- Chapter preview
- Learning outcomes
- Business markets
- Market structure and demand
- Nature of the buying unit
- Types of decisions and the decision process
- Business buyer behaviour
- Major types of buying situations
- Participants in the business buying process
- Major influences on business buyers
- The business buying process
- Engaging business buyers with digital and social marketing
- E-procurement and online purchasing
- Business-to-business digital and social media marketing
- Institutional and government markets
- Institutional markets
- Government markets
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: e-procurement and mobile procurement
- Marketing ethics: commercial bribery
- Marketing by numbers: salespeople
- Video case: Eaton
- References
- Company case: Procter & Gamble: treating business customers as strategic partners
- Part 3 Designing a customer value-driven strategy and mix
- 7 Customer-driven marketing strategy: creating value for target customers
- Chapter preview
- Learning outcomes
- Customer-driven marketing strategy
- Market segmentation
- Segmenting consumer markets
- Segmenting business markets
- Segmenting international markets
- Requirements for effective segmentation
- Market targeting
- Evaluating market segments
- Selecting target market segments
- Differentiation and positioning
- Positioning maps
- Choosing a differentiation and positioning strategy
- Communicating and delivering the chosen position
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: get your Groupon
- Marketing ethics: unrealistic bodies
- Marketing by numbers: USAA
- References
- Company case: Volvo cars
- 8 Products, services and brands: building customer value
- Chapter preview
- Learning outcomes
- What is a product?
- Products, services and experiences
- Levels of product and services
- Product and service classifications
- Product and service decisions
- Individual product and service decisions
- Product line decisions
- Product mix decisions
- Services marketing
- The nature and characteristics of a service
- Marketing strategies for service firms
- Branding strategy: building strong brands
- Brand equity and brand value
- Building strong brands
- Managing brands
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: feeding pets from your smartphone
- Marketing ethics: geographical indication
- Marketing by numbers: Pop-Tarts Gone Nutty!
- References
- Company case: Telenor Health and Tonic digital health services by Ilma Nur Chowdhury, Alliance Manchester Business School, The University of Manchester
- 9 Developing new products and managing the product life cycle
- Chapter preview
- Learning outcomes
- New product development strategy
- The new product development process
- Idea generation
- Idea screening
- Concept development and testing
- Marketing strategy development
- Business analysis
- Product development
- Test marketing
- Commercialisation
- Managing new product development
- Customer-centred new product development
- Team-based new product development
- Systematic new product development
- Product life-cycle strategies
- Introduction stage
- Growth stage
- Maturity stage
- Decline stage
- Additional product and service considerations
- Product decisions and social responsibility
- International product and services marketing
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: telemedicine
- Marketing ethics: put on your thinking caps!
- Marketing by numbers: dental house-calls
- References
- Company case: Dyson: reinventing continuously, by Yansong Hu, Warwick Business School
- 10 Pricing: understanding and capturing customer value
- Chapter preview
- Learning outcomes
- What is a price?
- Major pricing strategies
- Customer value-based pricing
- Cost-based pricing
- Competition-based pricing
- Other internal and external considerations affecting price decisions
- Overall marketing strategy, objectives and mix
- Organisational considerations
- The market and demand
- The economy
- Other external factors
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: online price tracking
- Marketing ethics: the cost of a life
- Marketing by numbers: reseller margins
- References
- Company case: Cath Kidston: nostalgic fantasy that creates value for consumers
- 11 Pricing strategies: additional considerations
- Chapter preview
- Learning outcomes
- New product pricing strategies
- Market-skimming pricing
- Market-penetration pricing
- Product mix pricing strategies
- Product line pricing
- Optional-product pricing
- Captive-product pricing
- By-product pricing
- Product bundle pricing
- Price adjustment strategies
- Discount and allowance pricing
- Segmented pricing
- Psychological pricing
- Promotional pricing
- Geographical pricing
- Dynamic and online pricing
- International pricing
- Price changes
- Initiating price changes
- Responding to price changes
- Public policy and pricing
- Pricing within channel levels
- Pricing across channel levels
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: extreme couponing
- Marketing ethics: airfare pricing
- Marketing by numbers: Louis Vuitton price increase
- References
- Company case: Dacia: the birth of a nifty little Carpathian warrior, by Dr Cristina Sambrook, Birmingham Business School
- 12 Marketing channels: delivering customer value
- Chapter preview
- Learning outcomes
- Supply chains and the value delivery network
- The nature and importance of marketing channels
- How channel members add value
- Number of channel levels
- Channel behaviour and organisation
- Channel behaviour
- Vertical marketing systems
- Horizontal marketing systems
- Multi-channel distribution systems
- Changing channel organisation
- Channel design decisions
- Analysing consumer needs
- Setting channel objectives
- Identifying major alternatives
- Evaluating the major alternatives
- Designing international distribution channels
- Channel management decisions
- Selecting channel members
- Managing and motivating channel members
- Evaluating channel members
- Public policy and distribution decisions
- Marketing logistics and supply chain management
- Nature and importance of marketing logistics
- Sustainable supply chains
- Goals of the logistics system
- Major logistics functions
- Integrated logistics management
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: self-publishing
- Marketing ethics: supplier safety
- Marketing by numbers: Tyson expanding distribution
- Video case: Progressive
- References
- Company case: Thorntons: a journey to revitalise its brand
- 13 Retailing and wholesaling
- Chapter preview
- Learning outcomes
- Retailing
- Connecting brands with consumers
- Types of retailers
- Retailer marketing decisions
- Retailing trends and developments
- Wholesaling
- Types of wholesalers
- Wholesaler marketing decisions
- Trends in wholesaling
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: skipping the checkout line
- Marketing ethics: marketplace fairness
- Marketing by numbers: stockturn rate
- References
- Company case: Lush: striving for the ultimate customer experience
- 14 Engaging consumers and communicating customer value: integrated marketing communications strategy
- Chapter preview
- Learning outcomes
- The promotion mix
- Integrated marketing communications
- The new marketing communications model
- The need for integrated marketing communications
- A view of the communication process
- Steps in developing effective marketing communication
- Identifying the target audience
- Determining the communication objectives
- Designing a message
- Message content
- Choosing the communication channels and media
- Selecting the message source
- Collecting feedback
- Setting the total promotion budget and mix
- Setting the total promotion budget
- Shaping the overall promotion mix
- Integrating the promotion mix
- Socially responsible marketing communication
- Advertising and sales promotion
- Personal selling
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: #withoutshoes
- Marketing ethics: an ethical promotion?
- Marketing by numbers: advertising-to- sales ratios
- Video case: OXO
- References
- Company case: Marie Curie: understanding service user experiences, by Philippa Hunter-Jones, Lynn Sudbury-Riley and Ahmed Al-Abdin, University of Liverpool Management School, UK
- 15 Advertising and public relations
- Chapter preview
- Learning outcomes
- Advertising
- Setting advertising objectives
- Setting the advertising budget
- Developing advertising strategy
- Evaluating advertising effectiveness and the return on advertising investment
- Other advertising considerations
- Public relations
- The role and impact of PR
- Major public relations tools
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: Facebook audience network
- Marketing ethics: native advertising
- Marketing by numbers: C3, CPM and CPP
- References
- Company case: ASICS Advertising and PR in the era of social media, by Caterina Presi, Leeds University Business School
- 16 Personal selling and sales promotion
- Chapter preview
- Learning outcomes
- Personal selling
- The nature of personal selling
- The role of the sales force
- Managing the sales force
- Designing the sales force strategy and structure
- Recruiting and selecting salespeople
- Training salespeople
- Compensating salespeople
- Supervising and motivating salespeople
- Evaluating salespeople and sales force performance
- Social selling: online, mobile and social media tools
- The personal selling process
- Steps in the selling process
- Personal selling and managing customer relationships
- Sales promotion
- The rapid growth of sales promotion
- Sales promotion objectives
- Major sales promotion tools
- Developing the sales promotion programme
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: snap it and redeem it!
- Marketing ethics: walking the customer
- Marketing by numbers: sales force analysis
- Video case: First Flavor
- References
- Company case: SunGard: building sustained growth by selling the SunGard way
- 17 Direct, online, social media and mobile marketing
- Chapter preview
- Learning outcomes
- Direct and digital marketing
- The new direct marketing model
- Rapid growth of direct and digital marketing
- Benefits of direct and digital marketing to buyers and sellers
- Forms of direct and digital marketing
- Marketing, the internet and the digital age
- Online marketing
- Social media marketing
- Mobile marketing
- Traditional direct marketing forms
- Direct-mail marketing
- Catalogue marketing
- Telemarketing
- Direct-response television marketing
- Kiosk marketing
- Public policy issues in direct and digital marketing
- Irritation, unfairness, deception and fraud
- Consumer privacy
- A need for action
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: ‘Buy’ buttons
- Marketing ethics: #Fail
- Marketing by numbers: field sales versus telemarketing
- Video case: Nutrisystem
- References
- Company case: The ASOS experience, by Ewelina Lacka, University of Edinburgh Business School
- Part 4 Extending marketing
- 18 Creating competitive advantage
- Chapter preview
- Learning outcomes
- Competitor analysis
- Identifying competitors
- Assessing competitors
- Selecting competitors to attack and avoid
- Designing a competitive intelligence system
- Competitive strategies
- Approaches to marketing strategy
- Basic competitive strategies
- Competitive positions
- Market leader strategies
- Market challenger strategies
- Market follower strategies
- Market nicher strategies
- Balancing customer and competitor orientations
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: social logins
- Marketing ethics: creating competitive advantage … to what end?
- Marketing by numbers: market share
- Video case: Umpqua Bank
- References
- Company case: YouTube: Google’s quest for video dominance
- 19 The global marketplace
- Chapter preview
- Learning outcomes
- Global marketing today
- Elements of the global marketing environment
- The international trade system
- Economic environment
- Political-legal environment
- Deciding whether to go global
- Deciding which markets to enter
- Deciding how to enter the market
- Exporting
- Joint venturing
- Direct investment
- Deciding on the global marketing programme
- Product
- Promotion
- Price
- Distribution channels
- Deciding on the global marketing organisation
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: China’s great firewall
- Marketing ethics: global safety standards
- Marketing by numbers: Netflix’s global expansion
- Video case: Monster
- References
- Company case: Chang beer: Thainess in a bottle, by Angela Carroll, Leeds Business School
- 20 Social responsibility and ethics
- Chapter preview
- Learning outcomes
- Sustainable marketing
- Social criticisms of marketing
- Marketing’s impact on individual consumers
- Marketing’s impact on society as a whole
- Marketing’s impact on other businesses
- Consumer actions to promote sustainable marketing
- Consumerism
- Environmentalism
- Public actions to regulate marketing
- Business actions toward sustainable marketing
- Sustainable marketing principles
- Marketing ethics
- The sustainable company
- Learning outcomes review
- Navigating the key terms
- Discussion and critical thinking
- Discussing the concepts
- Critical-thinking exercises
- Mini-cases and applications
- Online, mobile and social media marketing: teenagers and social media
- Marketing ethics: milking the international market
- Marketing by numbers: the cost of sustainability
- Video case: Honest Tea
- References
- Company case: Innocent Drinks: golden wind egg or red herring? by Guido Berens, Rotterdam School of Management
- Appendix 1: Marketing plan
- Appendix 2: Marketing by numbers
- Glossary
- Index
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