Marketing_Management_14th_Edition-min

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Managing the Development Process: Concept to Strategy 579 Concept Development and Testing 579 Marketing Strategy Development 582 Business Analysis 583 Managing the Development Process: Development to Commercialization 585 Product Development 585 Market Testing 585 Commercialization 588 The Consumer-Adoption Process 589 Stages in the Adoption Process 589 Factors Influencing the Adoption Process 589 Summary 590 Applications 591 CHAPTER 21 Tapping into Global Markets 594 Competing on a Global Basis 595 Deciding Whether to Go Abroad 597 Deciding Which Markets to Enter 597 How Many Markets to Enter 598 Developed versus Developing Markets 598 MARKETING INSIGHT Spotlight on Key Developing Markets 600 Evaluating Potential Markets 602 Deciding How to Enter the Market 603 Indirect and Direct Export 603 Licensing 604 Joint Ventures 605 Direct Investment 605 Deciding on the Marketing Program 606 Global Similarities and Differences 606 Marketing Adaptation 607 MARKETING MEMO The Ten Commandments of Global Branding 608 Global Product Strategies 608 Global Communication Strategies 610 Global Pricing Strategies 611 Global Distribution Strategies 613 Country-of-Origin Effects 614 Building Country Images 614 Consumer Perceptions of Country of Origin 614 Deciding on the Marketing Organization 616 Export Department 616 International Division 616 Global Organization 616 Summary 617 Applications 617 CHAPTER 22 Managing a Holistic Marketing Organization for the Long Run 620 Trends in Marketing Practices 621 Internal Marketing 623 Organizing the Marketing Department 623 MARKETING MEMO Characteristics of Company Departments That Are Truly Customer Driven 624 Relationships with Other Departments 627 Building a Creative Marketing Organization 628 MARKETING INSIGHT The Marketing CEO 628 Socially Responsible Marketing 629 Corporate Social Responsibility 630 MARKETING INSIGHT The Rise of Organic 633 Socially Responsible Business Models 634 Cause-Related Marketing 634 MARKETING MEMO Making a Difference: Top 10 Tips for Cause Branding 637 Social Marketing 638 Marketing Implementation and Control 640 Marketing Implementation 640 Marketing Control 641 Annual-Plan Control 641 Profitability Control 642 Efficiency Control 642 Strategic Control 643 The Future of Marketing 643 MARKETING MEMO Major Marketing Weaknesses 647 Summary 648 Applications 648 Appendix Tools for Marketing Control 650 Appendix Sonic Marketing Plan A1 Endnotes E1 Glossary G1 Image Credits C1 Name Index I1 Company, Brand, and Organization Index Subject Index I14 I4 xv
Preface What’s New in the 14th Edition The overriding goal of the revision for the 14th edition of Marketing Management was to create as comprehensive, current, and engaging MBA marketing textbook as possible. Where appropriate, new material was added, old material was updated, and no longer relevant or necessary material was deleted. Marketing Management, 14th edition, allows those instructors who have used the 13th edition to build on what they have learned and done while at the same time offering a text that is unsurpassed in breadth, depth, and relevance for students experiencing Marketing Management for the first time. The successful across-chapter reorganization into eight parts that began with the 12th edition of Marketing Management has been preserved, as well as many of the favorably received within-chapter features that have been introduced through the years, such as topical chapter openers, in-text boxes highlighting noteworthy companies or issues, and the Marketing Insight and Marketing Memo boxes that provide in-depth conceptual and practical commentary. Significant changes to the 14th edition include: • Brand new opening vignettes for each chapter set the stage for the chapter material to follow. By covering topical brands or companies, the vignettes are great classroom discussion starters. • Almost half of the in-text boxes are new. These boxes provide vivid illustrations of chapter concepts using actual companies and situations. The boxes cover a variety of products, services, and markets, and many have accompanying illustrations in the form of ads or product shots. • The end-of-chapter section now includes two Marketing in Action mini-cases highlighting innovative, insightful marketing accomplishments by leading organizations. Each case includes questions that promote classroom discussion and analysis. • Dramatic changes in the marketing environment have occurred in recent years—in particular, the economic, natural, and technological environments. Throughout the new edition, these three areas are addressed, sometimes via new subsections in chapters, with emphasis on marketing during economic downturns and recessions, the rise of sustainability and “green” marketing, and the increased development of computing power, the Internet, and mobile phones. These new marketing realities make it more important than ever for marketers to be holistic in what they do, the overriding theme of this text. • Chapter 19, on personal communications, received a significant update with much new material to reflect the changing social media landscape and communications environment. • Forecasting has been moved to Chapter 3 where it fits well with the material on the marketing environment. • Chapter 5 was re-titled as “Creating Long-Term Loyalty Relationships” to better reflect its stronger area of emphasis. • Chapters 10 and 11 were reorganized and material swapped. Chapter 11 was also re-titled as “Competitive Dynamics” to acknowledge the significant material added on marketing in an economic downturn. What Is Marketing Management All About? Marketing Management is the leading marketing text because its content and organization consistently reflect changes in marketing theory and practice. The very first edition of Marketing Management, published in 1967, introduced the concept that companies must be customer-and-market driven. But there was little mention of what have now become fundamental topics such as segmentation, targeting, and positioning. Concepts such as brand equity, customer value analysis, database marketing, e-commerce, value networks, hybrid channels, supply chain management, and integrated marketing communications were not xvi
Page 2 and 3: Marketing Management 14 PHILIP KOTL
Page 4 and 5: This book is dedicated to my wife a
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Collecting Information and Forecast
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COLLECTING INFORMATION AND FORECAST
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Conducting Marketing Research Good
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Creating Long-term Loyalty Relation
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CREATING LONG-TERM LOYALTY RELATION
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Analyzing Consumer Markets The aim
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Analyzing Business Markets Business
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Identifying Market Segments and Tar
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IDENTIFYING MARKET SEGMENTS AND TAR
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Creating Brand Equity One of the mo
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Crafting the Brand Positioning No c
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Competitive Dynamics To be a long-t
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Setting Product Strategy At the hea
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Designing and Managing Services As
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MANAGING PERSONAL COMMUNICATIONS |
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INTRODUCING NEW MARKET OFFERINGS |
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Managing a Holistic Marketing Organ
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MANAGING A HOLISTIC MARKETING ORGAN
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APPENDIX | CHAPTER 22 653 • Marke
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Appendix SONIC MARKETING PLAN AND E
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Targeted Segment Customer Need Corr
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Samsung Galaxy S - Captivate Apple
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in February. Also, we will create b
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Chapter 4 Your next task is to cons
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• As a start-up company, what com
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Chapter 20 Knowing that the smart p
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Endnotes Chapter 1 1. Michael Learm
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Harvard Business School Press, 2004
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30. Queena Sook Kim, “Fisher-Pric
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Tabor, “Contributing Factors; Sev
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29. For an empirical comparison of
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75. Michael D. Johnson, and Fred Se
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Perspectives in Consumer Behavior (
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Theory and Measurement (New York: J
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25. Piet Levy, “Reeling in the Hu
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Chapter 8 1. Jonathan Schneider,
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57. Jerry Harkavy, “Colgate Buyin
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in-depth examination of how brand n
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79. John Milewicz and Paul Herbig,
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29. Theodore Levitt, “Innovative
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Chapter 12 1. John Frank, “Beep!
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Room for Growth in Printer Market,
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Jaishankar Ganesh, Mark J. Arnold,
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Cosmetics,” Journal of Economic P
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72. For an interesting discussion o
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29. “Nike Says No to Blue-Light S
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80. Susan Fournier and Lara Lee,
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43. Ben Paynter, “Happy Hour,”
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22. Michael R. Solomon, Consumer Be
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Tribune, May 12, 2007; Avery Johnso
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Split Cable T.V. Advertising Experi
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29. Julia Angwin and Tom McGinty,
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Marketing?” Marketing NPV 3 (2006
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9. Stefan Wuyts, Shantanu Dutta, an
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Innovations,” Journal of Marketin
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89. Jordan Robertson, “How Nike G
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41. For some research method issues
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Global Strategies: A Contingency Mo
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Takes on Coffee Giants Cup by Cup,
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Metrics: 50+ Metrics Every Executiv
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Glossary A activity-based cost (ABC
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customer lifetime value (CLV) the n
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J jobbers small-scale wholesalers w
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personal communications channels tw
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target market the part of the quali
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Image Credits Chapter 1 page 2: New
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Free; page 619: Lou Linwei/Alamy Im
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Index Name Aaker, David A., 203 Aak
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McCausland, Tom, 7 McDonald, Bob, 6
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Andersen Consulting, 208, 209 Andro
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Disney Channel, 44, 178, 179 Disney
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IKEA, 5, 35, 37, 83, 179-80, 219, 2
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Nordstrom Rack, 148 North American
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StubHub, 73, 74, 412 Suave, 306 Sub
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African Americans, 77, 224 Age in d
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Channel integration and systems, 41
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Customer relationship in services,
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Family of procreation, 154 Farm pro
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Legal issues in advertising campaig
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Master brand, 260 Master franchisee
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Price, selecting final, 402-3 compa
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Retail sector, 356 Retail store, de
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Telemarketers, 558 Telemarketing, 5
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