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Marketing has been defined as: "The creative management function that promotes trade and employment by assessing customer needs and initiates research and development to meet them. It co-ordinates the resource of production and distribution of goods and services, determines and directs the nature and scale of the total effort required to sell profitably to the ultimate user." In other words, "Finding out what the customer wants.. and providing it." By this broad definition, almost every function in your company is or should be part of the marketing process. A Marketing Department's primary role is to provide centralized services to aid the Product Manager in marketing his/her products. Together, they must ensure that all of the components of the "Marketing Mix" are implemented in a way that maximizing the profitability of the product line(s).
Summarizing: To meet the customers' needs we must develop products to satisfy them, charge the right price, get the goods to the right place (making sure that the product is available when needed), and we make the existence of such products known through effective promotion.
Component elements of this intricate "Marketing Mix" include:
Marketing functions can include some or all of the following various activities:
More details of Mel Lambert's creative experience are also available on-line. |
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