Marketing Concept and the possible limitations to this...

Marketing is defined as a social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging products and values with others.(Kotler.P 2002 : 5) The goals of marketing is to attract new customers by promising superior value and keep and grow current customers by delivering satisfaction. There are five core concepts of marketing, which includes needs, wants and demand; products, services and experience; value, satisfaction and quality; exchanges, transactions and relationships; and finally, market and marketing. After World War II, the variety of products increased and hard selling no longer could be relied upon to generate sales. Customers afford to be selective and buy products†¦show more content†¦They are very successful in satisfying their customer that their customers know that with JVC, they are getting the very best sound for their dollar. JVC is so successful with its marketing concepts that they have become a global leader in the development and manufacturing of innovative audio and video hardware, as well as related software products. Another example of successful firm is the Thayer Interactive Group (TIG), an online hospitality marketing firm. TIG sees that consumer behavior has changed. People are using the internet more than ever to make research of different options prior to booking travel, and that they are approaching hotels preemptively. Therefore, TIG targets individuals who are actively looking for lodging solutions at the precise place and time that they wanted to get. Because they know that the consumers nowadays are buying based on get more, pay little, their program offers the industrys first and only comprehensive suite of Web marketing services designed to administer all aspects of a hotels internet presence, AND bypass excessive fees charged by third-party travel sites. TIG even provides a customized five-part program - website development and content management; search engine marketing; guerilla marketing and online advertising; reporting and analysis; and proactive account management. TheShow MoreRelatedA Research Report on Marketing of Sports Goods Products1330 Words   |  6 Pages5 years period from 2002-2007. MARKETING Marketing is challenging and exciying. The solving of marketing problems requires insight, experience and analytical ability. Take the case of a company faced with the problem of increasing its sales. Increase in the sales at the expense of profits may not be a desirable objective. Again there are many ways in which sales can be increased e.g. by finding new customers or selling more to existing customers. MARKETING STATEGY The word â€Å"Strategy† hasRead MoreAn Organization s Strategic Business Units1361 Words   |  6 Pagesfocuses and separate managers. In the next step, quantitative and qualitative marketing objectives are set. 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