Description
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- Title Page
- Copyright
- Dedication
- Brief Contents
- Contents
- Preface
- About the Authors
- Part 1: Fundamentals of Marketing Management
- Chapter 1. Defining Marketing for the New Realities
- The Scope of Marketing
- What Is Marketing?
- What Is Marketed?
- The Marketing Exchange
- The New Marketing Realities
- The Four Major Market Forces
- The Three Key Marketing Outcomes
- The Concept of Holistic Marketing
- The Role of Marketing in the Organization
- Organizing and Managing the Marketing Department
- Organizing the Marketing Department
- Managing the Marketing Department
- Building a Customer-Oriented Organization
- Marketing Insight The 10 Deadly Marketing Sins
- Summary
- Marketing Spotlight Nike
- Marketing Spotlight Disney
- Chapter 2. Marketing Planning and Management
- Corporate and Business Unit Planning and Management
- Defining the Corporate Mission
- Building the Corporate Culture
- Defining Strategic Business Units
- Allocating Resources Across Business Units
- Developing Market Offerings
- Developing the Marketing Strategy
- The Five Cs and the Five Forces of Competition
- Designing the Marketing Tactics
- The Seven Ts and the Four Ps
- Creating a Market Value Map
- Planning and Managing Market Offerings
- The G-STIC Approach to Action Planning
- Setting a Goal
- Developing the Strategy
- Designing the Tactics
- Identifying Controls
- Developing a Marketing Plan
- Modifying the Marketing Plan
- Updating the Marketing Plan
- Conducting a Marketing Audit
- Marketing Insight A Template for Writing a Marketing Plan
- Summary
- Marketing Spotlight Google
- Marketing Spotlight Careem
- Part 2: Understanding the Market
- Chapter 3. Analyzing Consumer Markets
- The Model of Consumer Behavior
- Consumer Characteristics
- Cultural Factors
- Social Factors
- Personal Factors
- Consumer Psychology
- Consumer Motivation
- Perception
- Emotions
- Memory
- The Buying Decision Process
- Problem Recognition
- Information Search
- Evaluation of Alternatives
- Purchase Decision
- Postpurchase Behavior
- Marketing Insight Behavioral Decision Theory
- Summary
- Marketing Spotlight Mayo Clinic
- Marketing Spotlight Intuit
- Chapter 4. Analyzing Business Markets
- The Organizational Buying Process
- Understanding Business Markets
- Types of Buying Decisions
- The Buying Center
- The Composition of the Buying Center
- The Role of the Buying Center in the Organization
- Buying Center Dynamics
- Selling to Buying Centers
- Understanding the Buying Process
- Problem Recognition
- Need Description
- Product Specification
- Supplier Search
- Proposal Solicitation
- Supplier Selection
- Contract Negotiation
- Performance Review
- Developing Effective Business Marketing Programs
- Transitioning From Products to Solutions
- Enhancing Services
- Building Business-to-Business Brands
- Overcoming Price Pressures
- Managing Communication
- Managing Business-to-Business Relationships
- Understanding the Buyer–Supplier Relationship
- Managing Corporate Trust, Credibility, and Reputation
- Risks and Opportunism in Business Relationships
- Managing Institutional Markets
- Summary
- Marketing Spotlight Alibaba
- Marketing Spotlight Salesforce.com
- Chapter 5. Conducting Marketing Research
- The Scope of Marketing Research
- Importance of Marketing Insights
- Who Does Marketing Research?
- The Marketing Research Process
- Defining the Problem
- Developing the Research Plan
- Collecting the Information
- Analyzing the Information and Making the Decision
- Measuring Market Demand
- Key Concepts in Demand Measurement
- Forecasting Market Demand
- Measuring Marketing Productivity
- Marketing Metrics
- Marketing-Mix Modeling
- Marketing Dashboards
- Marketing Insight Six Ways to Draw New Ideas from Your Customers
- Summary
- Marketing Spotlight Tesco
- Marketing Spotlight LEGO
- Part 3: Developing a Viable Market Strategy
- Chapter 6. Identifying Market Segments and Target Customers
- Identifying Target Customers
- The Logic of Targeting
- Strategic and Tactical Targeting
- Strategic Targeting
- Target Compatibility
- Target Attractiveness
- Tactical Targeting
- Defining the Customer Profile
- Aligning Customer Value and Customer Profile
- Bringing Target Segments to Life with Personas
- Single-Segment and Multi-Segment Targeting
- Single-Segment Targeting
- Targeting Multiple Segments
- Segmenting Consumer Markets
- Demographic Segmentation
- Geographic Segmentation
- Behavioral Segmentation
- Psychographic Segmentation
- Segmenting Business Markets
- Marketing Insight Chasing the Long Tail
- Summary
- Marketing Spotlight Superdry
- Marketing Spotlight Chase Sapphire
- Chapter 7. Crafting a Customer Value Proposition and Positioning
- Developing a Value Proposition and Positioning
- Developing a Value Proposition
- Developing a Positioning Strategy
- Choosing a Frame of Reference
- Identifying Potential Points of Difference and Points of Parity
- Identifying Points of Difference
- Identifying Points of Parity
- Aligning the Frame of Reference, Points of Parity, and Points of Difference
- Creating a Sustainable Competitive Advantage
- Sustainable Competitive Advantage as a Marketing Concept
- Strategies for Creating a Sustainable Competitive Advantage
- Communicating the Offering’s Positioning
- Crafting a Positioning Statement
- Communicating Category Membership
- Communicating Conflicting Benefits
- Positioning as Storytelling
- Marketing Insight Positioning a Start-Up
- Summary
- Marketing Spotlight Unilever: Axe and Dove
- Marketing Spotlight First Direct
- Part 4: Designing Value
- Chapter 8. Designing and Managing Products
- Product Differentiation
- Product Design
- Power of Design
- Approaches to Design
- Product Portfolios and Product Lines
- Product Portfolio Design
- Product Line Analysis
- Product Line Length
- Managing Packaging and Labeling
- Packaging
- Labeling
- Managing Guarantees and Warranties
- Marketing Insight When Less Is More
- Summary
- Marketing Spotlight Apple
- Marketing Spotlight Casper
- Marketing Spotlight Toyota
- Chapter 9. Designing and Managing Services
- The Nature of Services
- The Service Aspect of an Offering
- Distinctive Characteristics of Services
- The New Services Realities
- Increasing Role of Technology
- Customer Empowerment
- Customer Coproduction
- Satisfying Employees as Well as Customers
- Achieving Service Excellence
- Best Practices of Top Service Companies
- Differentiating Services
- Innovation with Services
- Managing Service Quality
- Managing Customer Expectations
- Managing Service Quality
- Managing Self-Service
- Managing Product–Service Bundles
- Marketing Insight Improving Company Call Centers
- Summary
- Marketing Spotlight Premier Inn
- Marketing Spotlight Transport for London
- Chapter 10. Building Strong Brands
- How Does Branding Work?
- The Essence of Branding
- The Role of Brands
- Brand Equity and Brand Power
- Designing the Brand
- Defining the Brand Mantra
- Choosing Brand Elements
- The Magic of Brand Characters
- Choosing Secondary Associations
- Brand Hierarchy
- Managing Brand Portfolios
- Cobranding
- The Brand Value Chain
- Brand Dynamics
- Brand Repositioning
- Brand Extensions
- Managing a Brand Crisis
- Luxury Branding
- Characteristics of Luxury Brands
- Managing Luxury Brands
- Marketing Insight Constructing a Brand Positioning Bull’s-Eye
- Summary
- Marketing Spotlight Gucci
- Marketing Spotlight MUJI
- Chapter 11. Managing Pricing and Sales Promotions
- Understanding Pricing
- Consumer Psychology and Pricing
- Setting the Price
- Defining the Pricing Objective
- Determining Demand
- Estimating Costs
- Analyzing Competitors’ Prices
- Selecting a Pricing Method
- Setting the Final Price
- Product-Mix Pricing
- Initiating and Responding to Price Changes
- Initiating Price Cuts
- Initiating Price Increases
- Responding to Competitors’ Price Changes
- Managing Incentives
- Incentives as a Marketing Device
- Major Incentive Decisions
- Marketing Insight Ethical Issues in Prescription Drug Pricing
- Summary
- Marketing Spotlight Priceline
- Marketing Spotlight Uber
- Part 5: Communicating Value
- Chapter 12. Managing Marketing Communications
- The Role of Marketing Communication
- The Communication Process
- Developing an Effective Communication Program
- Setting the Communication Objectives
- Defining the Focus of Company Communications
- Setting the Communication Benchmarks
- Determining the Communication Budget
- Identifying the Target Audience and Crafting the Communication Message
- Identifying the Target Audience
- Crafting the Communication Message
- Deciding on the Communication Media
- Defining the Communication Media Mix
- Developing a Media Plan
- Winning the Super Bowl of Advertising
- Developing the Creative Approach
- Determining the Message Appeal
- Selecting the Message Source
- Developing the Creative Execution
- Measuring Communication Effectiveness
- Marketing Insight Celebrity Endorsements
- Summary
- Marketing Spotlight Red Bull
- Marketing Spotlight Cadbury
- Chapter 13. Designing an Integrated Marketing Campaign in the Digital Age
- Managing Integrated Marketing Communications
- Advertising
- Television Advertising
- Print Advertising
- Radio Advertising
- Online Advertising
- Place Advertising
- Online Communication
- Company Website
- Driving Online Traffic
- Social Media
- The Growth of Social Media
- Social Media Platforms
- Mobile Communication
- Events and Experiences
- Managing Events
- Creating Experiences
- Word of Mouth
- Publicity and Public Relations
- Publicity
- Public Relations
- Packaging
- Marketing Insight Measuring Social Media ROI
- Summary
- Marketing Spotlight Honda
- Marketing Spotlight AccorHotels
- Chapter 14. Personal Selling and Direct Marketing
- Personal Selling
- Personal Selling as a Process
- Managing the Sale
- Designing the Sales Force
- Sales Force Objectives
- Sales Force Strategy
- Sales Force Structure
- Sales Force Size
- Sales Force Compensation
- Managing the Sales Force
- Recruiting the Sales Force
- Training and Supervising the Sales Force
- Managing Sales Force Productivity
- Motivating the Sales Force
- Evaluating the Sales Force
- Direct Marketing
- Direct Marketing Channels
- The Future of Direct Marketing
- Marketing Insight Major Account Management
- Summary
- Marketing Spotlight Avon
- Marketing Spotlight Progressive Insurance
- Part 6: Delivering Value
- Chapter 15. Designing and Managing Distribution Channels
- The Role of Distribution Channels
- Distribution Channel Functions
- Channel Levels
- Multichannel Distribution
- Channel-Management Decisions
- Establishing Channel Objectives
- Selecting Channel Members
- Motivating Channel Members
- Evaluating Channel Members
- Channel Cooperation and Conflict
- The Nature of Channel Conflicts
- Managing Channel Conflict
- Managing Market Logistics
- Market-Logistics Objectives
- Market-Logistics Decisions
- Marketing Insight Understanding the Showrooming Phenomenon
- Summary
- Marketing Spotlight Zara
- Marketing Spotlight Popeyes
- Chapter 16. Managing Retailing
- The Modern Retail Environment
- Key Retailing Decisions
- Target Market
- Product Assortment and Procurement
- Services
- Store Atmosphere
- Pricing
- Incentives
- Communications
- Managing Omnichannel Retailing
- Brick-and-Mortar Retailers
- Online Retailers
- Omnichannel Retailing
- Managing Private Labels
- Wholesaling
- The Business of Wholesaling
- Key Functions Performed by Wholesalers
- Marketing Insight Managing the Price Image of a Retailer
- Summary
- Marketing Spotlight Uniqlo
- Marketing Spotlight Best Buy
- Part 7: Managing Growth
- Chapter 17. Driving Growth in Competitive Markets
- Assessing Growth Opportunities
- Product–Market Growth Strategies
- Growth Through Mergers and Acquisitions
- Growth Through Innovation and Imitation
- Gaining Market Position
- Growing Sales to Current Customers
- Creating New Markets
- Expanding Existing Markets
- Defending Market Position
- Product Life Cycle Marketing Strategies
- The Concept of a Product Life Cycle
- Introduction Stage
- Growth Stage
- Maturity Stage
- Decline Stage
- Alternative Product Life Cycle Patterns
- Marketing Insight Market-Challenger Growth Strategies
- Summary
- Marketing Spotlight Airbnb
- Marketing Spotlight American Express
- Chapter 18. Developing New Market Offerings
- The Process of Developing New Market Offerings
- The Innovation Imperative
- Managing Innovation
- The Stage-Gate Approach to Developing New Offerings
- The Stage-Gate Approach to Developing New Offerings: An Illustration
- Idea Generation
- Generating Viable Ideas
- Idea Validation
- Market Research Tools for Idea Generation and Validation
- Concept Development
- Prototyping
- Concept Validation
- Business-Model Design
- Designing the Business Model
- Business-Model Validation
- Offering Implementation
- Developing the Core Resources
- Developing the Market Offering
- Commercial Deployment
- Selective Market Deployment
- Market Expansion
- Marketing Insight Understanding the Adoption of Innovations
- Summary
- Marketing Spotlight Honest Tea
- Marketing Spotlight WeChat
- Chapter 19. Building Customer Loyalty
- Managing Customer Acquisition and Retention
- The Customer Acquisition Funnel
- Balancing Customer Acquisition and Customer Retention
- Managing Customer Satisfaction and Loyalty
- Understanding Customer Satisfaction
- Product and Service Quality as a Driver of Customer Satisfaction
- Measuring Customer Satisfaction
- Building Customer Loyalty
- Managing Customer Relationships
- Customization
- Customer Empowerment
- Managing Customer Word of Mouth
- Dealing with Customer Complaints
- Managing Customer Lifetime Value
- The Concept of Customer Lifetime Value
- Customer Lifetime Value and Brand Equity
- Building Customer Lifetime Value
- Creating Customer Loyalty by Building Trust
- Measuring Customer Lifetime Value
- Marketing Insight Net Promoter Scoreand Customer Satisfaction
- Summary
- Marketing Spotlight Stitch Fix
- Marketing Spotlight Emirates
- Chapter 20. Tapping into Global Markets
- Deciding Whether to Go Abroad
- Deciding Which Markets to Enter
- Determining How Many Markets to Enter
- Evaluating Potential Markets
- Deciding How to Enter the Market
- Indirect and Direct Export
- Licensing
- Joint Ventures
- Direct Investment
- Deciding on the Global Marketing Program
- Global Product Strategies
- Global Brand Strategies
- Global Pricing Strategies
- Global Communication Strategies
- Global Distribution Strategies
- Marketing Insight Global Similarities and Differences
- Summary
- Marketing Spotlight Sephora
- Marketing Spotlight Mandarin Oriental
- Chapter 21. Socially Responsible Marketing
- The Role of Social Responsibility in Marketing Management
- Community-Based Corporate Social Responsibility
- Corporate Social Responsibility in the Workplace
- Corporate Philanthropy
- Serving Low-Income Communities
- Cause Marketing
- Social Marketing
- Sustainability-Focused Corporate Social Responsibility
- Balancing Social Responsibility and Corporate Profitability
- Developing Ethical Marketing Communications
- Managing Customer Privacy
- Marketing Insight Environmental Concerns in the Water Industry
- Summary
- Marketing Spotlight Starbucks
- Marketing Spotlight Ben & Jerry’s
- Marketing Spotlight Tiffany & Co
- Endnotes
- Glossary
- Name Index
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- Company, Brand, and Organization Index
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- Subject Index
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