Professional Documents
Culture Documents
Contemporary Marketing
Kurtz & Boone
Chapter 1
Marketing: The Art and Science of
Satisfying Customers
Chapter Objectives
1. Define marketing, explain how it creates utility,
and describe its role in the global marketplace.
2. Contrast marketing activities during the four
eras in the history of marketing.
3. Explain the importance of avoiding marketing
myopia.
4. Describe the characteristics of not-for-profit
marketing.
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
Chapter Objectives
5. Identify and briefly explain each of the five types
of nontraditional marketing.
6. Explain the shift from transaction-based
marketing to relationship and social marketing.
7. Identify the universal functions of marketing.
8. Demonstrate the relationship between ethical
business practices, social responsibility,
sustainability and marketplace success.
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
What is Marketing?
o Organizations must create utility to
survive
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
A Definition of Marketing
o Marketing - An organizational function
and a set of processes for:
o Creating, communicating, and delivering
value to customers
o Managing customer relationships in ways
that benefit the organization and its
stakeholders
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
Era in marketing
Focus
Production Era
Production orientation
Sales Era
Sales orientation
Marketing Era
Consumer orientation
Relationship Era
Relationship marketing
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
Not-for-Profit Marketing
o Marketing in not-for-profit organizations
o Marketing strategy is adopted to meet
service objectives
o Not-for-profit organizations form alliances
with business firms for mutual benefit
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
Relationship Marketing
o Focus is on moving the customers up the
loyalty ladder to increase their lifetime
value
o Interactive marketing creates direct
communication with customers, allows
larger exchanges, and puts the customer
in control
o It is increasingly taking place on social
media sites like Facebook, Twitter, and
blogs
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.
Copyright 2012 by South Western, a division of Cengage Learning. All rights reserved.