Marketing Of Marketing And Customer Value - 1473 Words

Introduction As the market expands into global size, companies are facing more competitions than before. How can they exceed their competitors becomes important. Under this situation, the marketing plays an important role in leading the companies to correct and effective pathways. In the following part, the concept of the marketing and customer value will be explained in detail and how the relationship between them works. The importance of marketing Marketing is often defined as a series of processes for establishing, communicating and attributing value to customers and for managing customer relationships in order to benefit the organisation and its stakeholders.’ (Kotler, Burton, Deans, Brown Armstrong, 2013) To make the long words short, marketing is a human activity, which aims at satisfying needs and wants through exchange processes (Kotler, Shaw, FitzRoy, Chandler, 1983). Although not all companies hold positive attitudes toward marketing, the majorities of companies are willing to develop marketing as it is extremely vital for the success of the company in promoting the sales, increasing the awareness and building customer trust. Sales can be promoted largely due to the marketing. When people know a company through television or advertisements, they become the potential customers of that company. If the marketing department is doing their job properly, the customer will be persuaded by the advertisement and tends to purchase that company’s products. CompaniesShow MoreRelatedMarketing And Customer Value And Marketing1556 Words   |  7 Pagesof marketing to company, explanation of the concept of customer value and how the connection of customer value and marketing is adopt by the company. In particular this essay will focus on the example of the new Fitbit Alta, an activity tracker wristband than released in March 2016. The discussion of the concept of marketing and customer value will contain discussions in relation to the presumption that marketing is an ongoing process of facilitating information and resources to create value forRead MoreCustomer Value Marketing1775 Words   |  8 Pagesbased on th e study of â€Å"Customer Value Marketing† starts with introduction section. We have mentioned the contents of the study in objectives of the report section. The methodology section deals with the means of preparation of this report and the processes that we have followed. Then the report describes the theoretical aspects of the study in the literature review. This section mainly consists of brief description about different important topics about customer value marketing. Finally in the lastRead MoreCustomer Value Marketing1775 Words   |  8 Pagesbased on the study of â€Å"Customer Value Marketing† starts with introduction section. We have mentioned the contents of the study in objectives of the report section. The methodology section deals with the means of preparation of this report and the processes that we have followed. Then the report describes the theoretical aspects of the study in the literature review. This section mainly consists of brief description about different important topics about customer value marketing. Finally in the lastRead MoreMarketing, Customer Value, and the Link1750 Words   |  7 Pagesto acknowledge the fact that business now revolves around customers (Keith, 1960). As a result, marketing becomes one of the most prominent philosophies in business. Therefore, to get a better understanding of today’s business, this essay will be discussing about three important concepts. These concepts are marketing as a business philosophy, the understanding of customer value, followed by the link between marketing and customer value. In addition, this essay will be using the Village â€Å"Gold Read MoreCustomer Relationships And Value Of Marketing1782 Words   |  8 Pagescan build strong customer relationships and value through marketing, and the success of marketing relies on satisfying the customers’ wants and needs by providing them with the best price, product, or service. The American Marketing Association defines marketing as, â€Å"The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.† This exchange between customers and a businessRead MoreRelationship Between Marketing And Customer Value1525 Words   |  7 Pagesbetween marketing and customer value and their relevance when promoting and ensuring customer satisfaction. It will discuss marketing as a business philosophy and its importance in organisations. The concept of customer value will also be examined and its significance to the success of a product. Throughout the paper, the Apple Watch will be drawn on to further explore the concepts and to put them into context. Marketing has been defined in a number of ways. Kotler (1983,p.7) defined marketing as aRead MoreCustomer Lifetime Value and Return on Marketing1459 Words   |  6 PagesCase Study: Conroy’s Acura: Customer Lifetime Value and Return on Marketing Case Summary: Conroy’s Acura was founded in November 1986 by Ross Conroy, a veteran of the car industry who also owned a General Motors dealership to open in Toronto and one of the first in North America. Located in downtown Toronto, Conroy’s Acura sold both new and pre-owned vehicles, and its service department was dedicated to Acura Products. Conroy’s Acura was an independently owned dealership that held a franchiseRead MoreMarketing Channels : Delivering Customer Value1706 Words   |  7 PagesMarketing Channels Delivering Customer Value Amazon’s innovative distribution strategy: From online bookstore, to diversifying to sell DVDs, Blu-rays, CDs, video downloads/streaming, MP3 downloads/streaming, audiobook downloads/streaming, software, video games, electronics, apparel, furniture, food, toys, and jewelry. The company also produces consumer electronics—notably, Amazon Kindle e-readers, Fire tablets, and Fire TV—and is the world s largest provider of cloud infrastructure servicesRead MoreThe Importance Of Marketing And Concept Of Customer Value1385 Words   |  6 PagesThe concept of marketing has always been debated since it was recognised as a distinguished subject and field (Gamble, Gilmore, McCartan-Quinn Durkan, 2011). With time going by, under globalization and increasingly intensive globe competition, every organisation tries to improve their competiveness. Consequently, Marketing as a useful tool to achieve such kind of goals walks into organisational managers’ sight. Meanwhile, customers, as one of the most important parts of marketing, also deserve toRead MoreRelationship Between Customer Value And Marketing1801 Words   |  8 PagesMarketing improves people’s living standard, according to a statistic state that the GDP of Australian has a growth rate from 2010 (2.25%) to 2014 (2.73%), and it is forecasting to increase in 2016 (Australia - Gross domestic product (GDP) growth rate 2020 | Statistic, 2016). A growing trend of marketing creates more work opportunities for people. Based on that, more people operating marketing activities successfully for a business, and the total output of the business tend to increase significantly