Is marketing management an art or a science? Some marketing observers maintain that good marketing is an art form and does not lend itself to rigorous analysis and deliber
Q1. Is marketing management an art or a science?
Some marketing observers maintain that good marketing is an art form and does
not lend itself to rigorous analysis and deliberation. Still, others strongly disagree
and contend that marketing management is a highly disciplined enterprise that
shares much in common with other business disciplines.
.
Please take a position:
Marketing management is essentially an artistic exercise in there for a
highly subjective, OR
Is marketing management essentially a scientific exercise with world-
established guidelines and criteria? Your answer should be three pages at
maximum: Hint refers to Chapter 9, and also, think about how to explain
Arm & Hamer Baking Soda or Ivory Soap.
Make sure you answer with marketing theory and principles.
As far as content is concerned:
I would organize my pro or con argument with a premise
paragraph, then 4 or 5 supporting paragraphs of theories or
facts. Finally, a summary paragraph should be written.
I would use headings for each section, such as:
Premise: An opening paragraph
Supporting Facts:
o Facts or Theory
o Fact or Theory
Fact or Theory
Summary: I have based my pro position (or con) on the above
theories and facts.
2 pages single spaced.
Principles of Marketing Seventeenth Edition
Chapter 17
Digital, Online, Social Media, and Mobile Marketing
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Copyright © 2018 Pearson Education Ltd. All Rights Reserved.
Learning Objectives
17-1 Define direct and digital marketing and discuss their rapid growth and benefits to customers and companies.
17-2 Identify and discuss the major forms of direct and digital marketing. 17-3 Explain how companies have responded to the internet and the digital
age with various online marketing strategies. 17-4 Discuss how companies use social media and mobile marketing to
engage consumers and create brand community. 17-5 Identify and discuss the traditional direct marketing forms and overview
public policy and ethical issues presented by direct marketing.
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Learning Objective 1 Define direct and digital marketing and discuss their rapid growth and benefits to customers and companies.
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Direct and Digital Marketing Direct and digital marketing involve engaging directly with carefully targeted individual consumers and customer communities to both obtain an immediate response and build lasting customer relationships.
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Direct and Digital Marketing The New Direct Marketing Model
For many companies today, direct and digital marketing constitute a complete model for doing business.
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Direct and Digital Marketing Rapid Growth of Direct and Digital Marketing Direct and digital marketing have become the fastest-growing form of marketing. Direct marketing continues to become more Internet-based, and digital direct marketing is claiming a surging share of marketing spending and sales.
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Direct and Digital Marketing Benefits of Direct and Digital Marketing—Buyers
• Convenience • Ready access to many products • Access to comparative information about companies, products, and
competitors • Interactive and immediate
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Direct and Digital Marketing Benefits of Direct and Digital Marketing—Sellers • Tool to build customer relationships • Low-cost, efficient, fast alternative to reach markets • Flexible • Access to buyers not reachable through other channels
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Learning Objective 2 Identify and discuss the major forms of direct and digital marketing.
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Forms of Direct and Digital Marketing
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Learning Objective 3
Explain how companies have responded to the internet and the digital age with various online marketing strategies.
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Marketing, The Internet, and the Digital Age Digital and social media marketing—Using digital marketing tools such as websites, social media, mobile apps and ads, online video, email, and blogs that engage consumers anywhere, anytime via their digital devices.
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Marketing, The Internet, and the Digital Age
Omni-channel retailing creates a seamless cross-channel buying experience that integrates in-store, online, and mobile shopping—creates a single shopping experience.
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Marketing, The Internet, and the Digital Age
Online Marketing Online marketing is marketing via the Internet using company Web sites, online ads and promotions, e-mail, online video, and blogs.
Marketing Web sites engage consumers to move them closer to a direct purchase or other marketing outcome.
Branded community Web sites present brand content that engages consumers and creates customer community around a brand.
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Marketing, The Internet, and the Digital Age
Online Marketing Online advertising is advertising that appears while consumers are browsing online and includes display ads, search-related ads, online classifieds, and other forms. E-mail marketing involves sending highly targeted, highly personalized, relationship-building marketing messages via e-mail. Spam is unsolicited, unwanted commercial e-mail messages.
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Marketing, The Internet, and the Digital Age
Online Marketing Online video marketing involves posting digital video content on brand Web sites or social media sites such as YouTube, Facebook, and others. Viral marketing is the digital version of word-of-mouth marketing: videos, ads, and other marketing content that is so infectious that customers will seek it out or pass it along to friends.
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Marketing, the Internet, and the Digital Age
Online Marketing Blogs are online journals where people and companies post their thoughts and other content, usually related to narrowly defined topics.
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Learning Objective 4 Discuss how companies use social media and mobile marketing to engage consumers and create brand community.
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Social Media and Mobile Marketing
Social Media Marketing Advantages: • Targeted and personal • Interactive • Immediate and timely • Real-time marketing • Cost effective • Engagement and social sharing capabilities
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Social Media and Mobile Marketing
Mobile Marketing Mobile marketing delivers messages, promotions, and other content to on-the-go consumers through mobile phones, smartphones, tablets, and other mobile devices.
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Learning Objective 5 Identify and discuss the traditional direct marketing forms and overview public policy and ethical issues presented by direct marketing.
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Traditional Direct Marketing Forms Direct-mail marketing involves an offer, announcement, reminder, or other item to a person at a particular address. • Personalized • Easy-to-measure results • Costs more than mass media • Provides better results than mass media
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Traditional Direct Marketing Forms
Catalog direct marketing involves printed and Web-based catalogs.
Benefits of Web-based catalogs
• Lower cost than printed catalogs
• Unlimited amount of merchandise
• Real-time merchandising • Interactive content • Promotional features
Challenges of Web- based catalogs
• Require marketing • Difficulties in attracting
new customers
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Traditional Direct Marketing Forms Telemarketing involves using the telephone to sell directly to consumers and business customers. • Outbound telephone marketing sells directly to consumers and
businesses. • Inbound telephone marketing uses toll-free numbers to receive
orders from television and print ads, direct mail, and catalogs.
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Traditional Direct Marketing Forms Direct-response television marketing includes the following: • 60 to 120 second advertisements that describe products or give
customers a toll-free number or website for ordering • 30-minute infomercials such as home shopping channels
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Traditional Direct Marketing Forms
Kiosk Marketing
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Public Policy Issues in Direct and Digital Marketing
• Irritation includes annoying and offending customers. • Unfairness includes taking unfair advantage of impulsive or less-
sophisticated buyers. • Deception includes “heat merchants” who design mailers and write copy
designed to mislead consumers. • Fraud includes identity theft and financial scams. • Consumer privacy involves concerns that marketers may have too much
information and use it to take unfair advantage.
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Public Policy Issues in Direct and Digital Marketing
A Need for Action
• AdChoices • Can Spam • Children’s Online Privacy Protection Act
(COPPA) • TRUSTe
,
Principles of Marketing Seventeenth Edition
Chapter 16
Personal Selling and Sales Promotion
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Learning Objectives 16-1 Discuss the role of a company’s salespeople in creating value for customers
and building customer relationships. 16-2 Identify and explain the six major sales force management steps. 16-3 Discuss the personal selling process, distinguishing between transaction-
oriented marketing and relationship marketing. 16-4 Explain how sales promotion campaigns are developed and implemented.
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Learning Objective 1
Discuss the role of a company’s salespeople in creating value for customers and building customer relationships.
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Personal Selling Personal selling is the interpersonal part of the promotion mix and can include: • Face-to-face communication • Telephone communication • Video or Web conferencing
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Personal Selling
The Nature of Personal Selling Salespeople are an effective link between the company and its customers to produce customer value and company profit by • Representing the company to customers • Representing customers to the company • Working closely with marketing
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Learning Objective 2
Identify and explain the six major sales force management steps.
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Managing the Sales Force Sales force management is the analysis, planning, implementation, and control of sales force activities.
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Managing the Sales Force
Designing Sales Force Strategy and Structure
Territorial sales force structure
Product sales force structure
Customer sales force structure
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Managing the Sales Force
Designing Sales Force Strategy and Structure
Territorial sales force structure: each salesperson is assigned an exclusive geographic area and sells the company’s full line of products and services to all customers in that territory. • Defines salesperson’s job • Fixes accountability • Lowers sales expenses • Improves relationship building and selling effectiveness
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Managing the Sales Force
Designing Sales Force Strategy and Structure
Product sales force structure: each salesperson sells along product lines. • Improves product knowledge • Can lead to territorial conflicts
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Managing the Sales Force
Designing Sales Force Strategy and Structure
Customer sales force structure: each salesperson sells along customer or industry lines. • Improves customer relationships
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Managing the Sales Force
Designing Sales Force Strategy and Structure
Sales Force Size • Salespeople are one of the company’s most productive and expensive
assets. • Workload approach to sales force size refers to grouping accounts into
different classes to determine the number of salespeople needed.
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Managing the Sales Force
Designing Sales Force Strategy and Structure • Outside sales force (field sales force) are salespeople who travel to call
on customers in the field. • Inside sales force are salespeople who conduct business from their offices
via telephone, online and social media interactions, or visits from prospective buyers.
• Team selling involves Using teams of people from sales, marketing, engineering, finance, technical support, and even upper management to service large, complex accounts.
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Managing the Sales Force
Recruiting and Selecting Salespeople • Careful selection and training increases sales performance. • Poor selection increases recruiting and training costs, leads to lost sales,
and disrupts customer relationships.
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Managing the Sales Force Training Salespeople
• Goals of training • Customer knowledge • Selling process • Knowledge of products, company, competitors
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Managing the Sales Force
Compensating Salespeople
Fixed amounts
Variable amounts
Expenses Fringe benefits
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Managing the Sales Force
Supervising and Motivating Salespeople • The goal of supervision is to help salespeople work smart by doing the right
things in the right ways. • The goal of motivation is to encourage salespeople to work hard and
energetically toward sales force goals.
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Managing the Sales Force Supervising and Motivating Salespeople
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Managing the Sales Force
Supervising and Motivating Salespeople • Sales morale and performance can be increased through § Organizational climate § Sales quotas § Positive incentives
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Managing the Sales Force
Evaluating Salespeople and Sales Force Performance
Sales reports Call reports Expense reports
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Learning Objective 3
Discuss the personal selling process, distinguishing between transaction- oriented marketing and relationship marketing.
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The Personal Selling Process
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The Personal Selling Process Steps in the Personal Selling Process Prospecting identifies qualified potential customers through referrals from: • Customers • Suppliers • Dealers • Internet
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The Personal Selling Process Steps in the Personal Selling Process
Qualifying involves identifying good customers and screening out poor ones by looking at • Financial ability • Volume of business • Needs • Location • Growth potential
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The Personal Selling Process Steps in the Personal Selling Process Preapproach is the process of learning as much as possible about a prospect, including needs, who is involved in the buying, and the characteristics and styles of the buyers.
Objectives
• Qualify the prospect • Gather information • Make an immediate
sale
Approaches
• Personal visit • Phone call • Letter/e-mail
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The Personal Selling Process
Steps in the Personal Selling Process Approach is the process where the salesperson meets and greets the buyer and gets the relationship off to a good start and involves the salesperson’s: • Appearance • Opening lines • Follow-up remarks
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The Personal Selling Process
Steps in the Personal Selling Process Presentation is when the salesperson tells the product story to the buyer, presenting customer benefits and showing how the product solves the customer’s problems.
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The Personal Selling Process
Steps in the Personal Selling Process Handling objections is the process where salespeople resolve problems that are logical, psychological, or unspoken.
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The Personal Selling Process
Steps in the Personal Selling Process Closing is the process where salespeople should recognize signals from the buyer—including physical actions, comments, and questions—to ask for a order and finalize the sale.
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The Personal Selling Process
Steps in the Personal Selling Process Follow-up is the last step in which the salesperson follows up after the sale to ensure customer satisfaction and repeat business.
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The Personal Selling Process Steps in the Personal Selling Process Personal selling is transaction-oriented to close a specific sale with a specific customer. The long-term goal of personal selling is to develop a mutually profitable relationship.
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Learning Objective 4
Explain how sales promotion campaigns are developed and implemented.
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Sales Promotion Sales promotion refers to the short-term incentives to encourage purchases or sales of a product or service now.
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Sales Promotion
Rapid Growth of Sales Promotion • Product managers are under pressure to increase current sales. • Companies face more competition. • Competing brands offer less differentiation. • Advertising efficiency has declined due to rising costs, clutter, and legal
constraints. • Consumers have become more deal-oriented.
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Sales Promotion
Sales Promotion Objectives Setting sales promotion objectives includes using: • Consumer promotions • Trade promotions • Business promotions • Sales force promotions
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Sales Promotion
Major Sales Promotion Tools Samples offer a trial amount of a product. Coupons are certificates that give buyers a saving when they purchase specified products. Rebates are similar to coupons except that the price reduction occurs after the purchase. Price packs offer consumers savings off the regular price of a product.
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Sales Promotion
Major Sales Promotion Tools Premiums are goods offered either for free or at a low price. Advertising specialties are useful articles imprinted with the advertiser’s name, logo, or message that are given as gifts to consumers. Point-of-purchase promotions include displays and demonstrations that take place at the point of sale.
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Sales Promotion
Major Sales Promotion Tools Contests, sweepstakes, and games give consumers the chance to win something—such as cash, trips, or goods—by luck or through extra effort. • Contests require an entry by a consumer. • Sweepstakes require consumers to submit their names for a drawing. • Games present consumers with something that may or may not help them
win a prize. Event marketing or event sponsorship is creating a brand-marketing event or serving as a sole or participating sponsor of events created by others.
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Sales Promotion
Major Tools for Trade Promotions
Discount Allowance
Free goods Specialty advertising
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Sales Promotion
Major Sales Promotion Tools for Business Customers
Conventions and trade shows are effective to reach many customers not reached with the regular sales force. Sales contests are effective in motivating salespeople or dealers to increase performance over a given period.
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Sales Promotion
Developing the Sales Promotion Program • Size of the incentive • Conditions for participation • Promotion and distribution of the program • Length of the program • Evaluation of the program
,
Principles of Marketing Seventeenth Edition
Chapter 15
Advertising and Public Relations
Copyright © 2018 Pearson Education Ltd. All Rights Reserved.
Copyright © 2018 Pearson Education Ltd. All Rights Reserved.
Learning Objectives
15-1 Define the role of advertising in the promotion mix. 15-2 Describe the major decisions involved in developing an advertising
program. 15-3 Define the role of public relations in the promotion mix. 15-4 Explain how companies use PR to communicate with their
publics.
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Learning Objective 1
Define the role of advertising in the promotion mix.
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Advertising Advertising is any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor.
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