so many products fail
Traditional 4Ps extended to cope with today's changing environment
The Marketing Mix
• The tools available to a business to
gain the reaction it is seeking from its target market in relation to its marketing objectives
The Marketing Mix (7P): componant
Marketing mix (7Ps)
1.Product
Product
• The firm must come up with a product or service that people will want to buy.
• It must fulfil some need
or want.
• It must be (or at least seem) unique.
Product
• Methods used to
improve/differentiate the product and increase sales or target sales more effectively to gain a competitive advantage e.g. – Extension strategies – Specialised versions – New editions – Improvements – real or
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otherwise!
– Changed packaging – Technology, etc.
1.DV coát loõi
DV massage, giaët uûi mieãn phí Trang trí ñeïp
2.DV mong ñôïi
Coù phuïc vuï thöùc aên 3.DV taêng theâm
v.v… 4.DV tieàm naêng Ña daïng DV
Ñaày ñuû tieän nghi Cho thueâ nôi löu truù Phoøng oác lòch söï
AÊn saùng mieãn phí Phöông tieän saïch seõ
4 levels of hotel service
Phuïc vuï nhanh choùng
Nhaân vieân taän tình, lòch söï
9
K/H khoâng chæ mua lôïi ích cô baûn DV mang laïi maø hoï muoán mua noù ôû möùc ñoä hoaøn chænh cao nhaát & möùc ñoä ñoù do caáp 2,3, 4 mang laïi =>Möùc ñoä hoaøn chænh caøng cao thì caøng laøm taêng khaû naêng caïnh tranh treân TTr
Ñöa ñoùn khaùch ñeán taän saân bay
Airport services
DV bao quanh trong heä thoáng
DV ñöa ñoùn
DV treân khoâng
DV baùn veù
DV cô baûn
DV ñoåi tieàn
vaän chuyeån haøng khoâng
DV böu ñieän
DV nhaø haøng, khaùch saïn ôû saân bay
DV bao quanh ñoäc laäp
10
Core Product
Actual Product
Augmented Product
Product or service/ brand
BMW
Freedom to travel A motor car
Sheraton
Rooms
Room service
Egypt Air
Flight
An airline journey
Zamalek Football
Excitement and
Club
leisure
T-shirts – photos with players
ALICO
Finance
Insurance policy
UNIONAIR
Cooling
Warranty
Price
2.Price
• The price must be one that the customer thinks is good value for money.
• This is not the same as
being cheap!
• Prices have a great
psychological effect on customers.
CAÙC PHÖÔNG PHAÙP ÑÒNH GIAÙ Döïavaøomoâhình3C-3yeáutoácôbaûnnhaátchiphoáisöïhìnhthaønh&vaänñoänggiaù caû-tacoùnhöõngcaùchñònhgiaùsau:
Möùc giaù cao khoâng phaùt sinh nhu caàu
Möùc giaù thaáp khoâng theå saûn xuaát
Möùc giaù gaén lieàn vôùi SX & chi phí (COST)
Möùc giaù gaén lieàn vôùi caïnh tranh treân TT (COMPETITOR)
Möùc giaù gaén lieàn vôùi nhu caàu K/H (CUSTOMER)
GIAÙ SAØN
GIAÙ TRAÀN
VUØNG LÖÏA CHOÏN GIAÙ COÙ THEÅ
THAÁP
CAO
14
BIEÂN ÑOÄ CUÛA GIAÙ
Chi phí SX 1 ñôn vò SP Giaù cao nhaát K/H coù theå mua
3.Place
Place
• The means by which products and
services get from producer to consumer and where they can be accessed by the consumer – The more places to buy the product and the easier it is made to buy it, the better for the business (and the consumer?)
4.Promotion
Promotion
• Strategies
to make the consumer aware of the existence of a product or service
• NOT just advertising
Promotion
The promotional message should
Grab Attention
Stimulate Interest
Create Desire
Promote Action
5.People
People
• People represent the business
– The image they present can be important – First contact often human – what is the lasting image
they provide to the customer? – Extent of training and knowledge of the product/service concerned
– Do staff represent the desired culture
of the business?
People
• People represent the business
– The image they present can be important – First contact often human – what is the lasting image
they provide to the customer? – Extent of training and knowledge of the product/service concerned – Mission statement – how relevant? – Do staff represent the desired culture
of the business?
People
• People represent the business
– The image they present can be important – First contact often human – what is the lasting image
they provide to the customer? – Extent of training and knowledge of the product/service concerned – Mission statement – how relevant? – Do staff represent the desired culture
of the business?
6. Process
Process
• How do people consume services? • What processes do they have to go through
to acquire the services?
• Where do they find the availability
of the service? – Contact – Reminders – Registration – Subscription – Form filling – Degree of technology
7.Physical Environment
Physical Environment The ambience, mood or physical presentation of
the environment
• Packaging. • Internet/web pages. • Paperwork (such as invoices, tickets,…..). • Brochures. • Furnishings. • Uniforms. • Business cards. • The building itself (such as prestigious offices or
scenic headquarters).
• Mailboxes and many others . . . . . .
Physical Environment
• The ambience, mood or physical presentation of
the environment – Smart/shabby? – Trendy/retro/modern/old fashioned? – Light/dark/bright/subdued? – Romantic/chic/loud? – Clean/dirty/unkempt/neat? – Music? – Smell?
Stages in Consumer Decision Process
Word- of- Mouth
Awareness
Advertising
Interest
Channel
Decision
Product / Service
Action
Price
Satisfaction
The Marketing Mix
Blend of the mix depends
upon:
• Marketing objectives • Type of product • Target market • Market structure • Rivals’ behaviour • Global issues –
culture/religion, etc.
• Marketing position • Product portfolio – Product lifecycle – Boston Matrix
Marketing Model
Target Market
Aware
Understand
Intention to Purchase
Believe
Want
Above the Line
Find
Below the Line
Point of Purchase
Buy
Revenue
Use
Experience
Value
Behavior
Prefe r Loyal
Developing Competitive Advantage
Competitive Advantage
Customer Value
Customer Satisfaction
Customer Relationships
Value and Satisfaction
8
10
10
8
If performance is lower than expectations, satisfaction is low.
If performance is higher than expectations, satisfaction is high.
Performance Expectation Performance Expectation

