Marketing Management
Unit-1 Introduction to Marketing Fundamentals
Meaning Definition marketing
Marketing is fundamentally about recognizing and satisfying human and societal needs in a profita...
scope of marketing
Marketing is a multifaceted discipline that involves the creation, promotion, and delivery of goo...
marketing concepts
The marketing concept revolves around a company's strategy to maximize profit by boosting sales, ...
Core Marketing concepts
Marketing is a dynamic field that revolves around various core concepts essential for understandi...
Marketing Mix
The marketing mix is a fundamental concept in marketing strategy. It involves strategically blend...
Delivering and Creating Customer Value
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Responsibilities of Manager
A Marketing Manager plays a pivotal role in shaping the marketing strategies and activities of an...
Marketing Ecosystem
The marketing environment plays a pivotal role in shaping an organization's marketing decisions a...
Unit-2 Connecting with Customers
Consumer behavior model
The Black Box Model of Consumer Behavior is a valuable framework for understanding how consumers ...
Factors affecting consumer Behavior
Consumer behavior refers to how individuals, groups, and organizations make choices regarding the...
Types of Buying Decision Behavior
{ width=50%,align=center} There are four types of buying decision behavior: Complex Buying Beha...
The Buyer Decision Process
The Buying Decision Process is a fundamental concept in understanding consumer behavior, as it pr...
Business Buyer Behavior
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The Business Buyer Decision Process
The business buying process consists of several stages that organizations go through when making ...
Institutional and Government Market
Institutional and government markets are two distinct segments of the market that serve specific ...
STP Model
The Segmentation, Targeting, and Positioning (STP) process is a fundamental strategy in modern ma...
Segmentation
Market segmentation is a fundamental concept in modern marketing, emphasizing a market-oriented s...
Targeting
Market targeting involves evaluating and defining your target market based on various dimensions,...
Positioning
In simple words, "product positioning" refers to the position or image which a product enjoys in ...
Unit-3 Product Decision
Product Levels
The product is at the core of the marketing mix, and it plays a central role in determining the s...
Product Characteristics and Classifications
Products can be categorized in various ways based on different criteria, offering insights into t...
New product development stages
The new product development (NPD) process is a systematic approach to bringing a new product to t...
categories of new product
In the realm of new product development, businesses explore various avenues to stay competitive a...
reasons for launching new products and its failure
New Product Failures New Product Fails when they cannot generate adequate sales and products as p...
Product life cycle strategies and its extension
The product life-cycle is characterized by the distinction between sales and profit curves. Ofte...
Ansoff’s Matrix
The Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic framework deve...
BCG Matrix
Stars Stars represent business segments characterized by rapid market growth and a significant m...
meaning of services
Services are multifaceted and integral components of today's economy, characterized by their dist...
Differenct Between Goods and Service
Difference Between Goods and Service Goods and services are the two primary types of products tha...
unique characteristics of services
Services are distinctive in nature, possessing unique characteristics that set them apart from ta...
7Ps of service marketing
Service marketing differs from product marketing because it allows customers to personalize servi...
Service delivery process
Effective service delivery is a critical aspect of providing exceptional customer experiences. To...
Unit-4 Pricing
Pricing consideration and approaches
Pricing Pricing is a crucial aspect of a business that directly impacts the revenue and profitabi...
Types of pricing
{ width=75%} 1. Flexible Pricing Flexible pricing, also known as dynamic pricing, is a strategy t...
Pricing Methods
Pricing is a crucial aspect of marketing and financial strategy for businesses. It affects the de...
Pricing strategies
{ width=75% } Customer Value-Based Pricing Customer Value-Based Pricing is a strategy that determ...
new product pricing strategies
New product pricing refers to the strategies and tactics employed to set the initial price for a ...
Product mix pricing strategies
Product mix pricing strategies aim at maximizing the profits on the total mix of products a firm ...
Price adjustment strategies
Price adjustment strategies are essential for companies to remain competitive, meet the market de...
adjust
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methods
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mix
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Unit-5 Distribution Channels
Marketing channels
A marketing channel, also known as a distribution channel, refers to the pathway through which go...
structure
The structure of a marketing channel describes how products get from producers to consumers. The ...
types
Marketing channels are pathways through which a product or service gets from the producer to the ...
criteria of selecting a channel
Selecting the right marketing channel is pivotal for the effective promotion and distribution of ...
wholesaling
The success of a product in the market significantly depends on how efficiently it is distributed...
Channel Management
Channel Management plays a vital role in sales and marketing, focusing on reaching a broad custom...
channel design
Channel Design is a critical component of Channel Management, involving the strategic planning an...
channel conflict
Channel Conflict is a significant challenge in Channel Management, where divergent interests or c...
Unit-6 Promotion
Significance of Integrated Marketing Communication
American Association of Advertising Agencies (4A’s) defines IMC as “a concept of marketing commu...
Advertising
Advertising is a form of marketing communication that aims to promote a product, service, or idea...
sales promotion
Sales promotion is a key element of the promotional mix in marketing, designed to stimulate immed...
personal selling
Personal selling is a unique and often expensive form of promotion that involves direct, one-on-...
online marketing
Online marketing encompasses a variety of strategies and techniques utilized to promote products ...
Public and customer relations
Public Relations (PR) Definition and Overview Public Relations, commonly abbreviated as PR, is a ...
direct marketing
Direct Marketing Channels Face-to-face selling by a sales force: This method entails a sales tea...
multilevel marketing
Multilevel Marketing (MLM) is a strategy some direct sales companies use to encourage existing di...
Other promotional strategies
In the dynamic field of marketing, various innovative strategies are used to capture audience att...
Unit-7 Socially Responsible Marketing
Sustainable Marketing
Sustainable marketing is a holistic approach to marketing that prioritizes not only the company's...
Social Criticisms of Marketing
Marketing, while a key component of business success, faces various social criticisms due to prac...
Marketing's Impact on Individual
While marketing plays a crucial role in driving business growth and consumer engagement, it can a...
Marketing's Impact on Society as a Whole
Marketing extends beyond individual consumer experiences and has profound implications for societ...
Marketing's Impact on Other Businesses
Marketers, especially those from dominant firms, can significantly impact the competitive landsca...
Actions to Promote Sustainable Marketing
Sustainable marketing represents a paradigm shift in how businesses approach their market strateg...
Consumers actions to promote sustainable marketing
Consumers play a pivotal role in promoting sustainable marketing practices. Their choices and act...