Chapter Summary:
In this first chapter, we lay the groundwork for our study of the field of marketing with a look at marketing’s key concepts and the important tasks marketers perform. Coverage includes a close examination of the definition of marketing. A dissection of the key terms in the definition shows that marketing’s primary focus is to identify and satisfy customers in a way that helps build a solid and, hopefully, sustained relationship that encourages customers to continue doing business with the marketer. We also show how marketing has evolved from a process centered on simply getting as many people as possible to purchase a product to today’s highly complex efforts designed to build long-term customer relationships. Additionally, we’ll see marketing is not only necessary for individual organizations it also carries both positive and negative influences at a broader societal level. Finally, we look at the key characteristics that define successful marketers.
Index of Key Issues Covered:
- Marketing Defined
- The Marketer’s Toolkit
- Marketing’s Role
- Criticisms of Marketing
- Ethical and Social Concerns
- The Successful Marketer
Links to Cited References:
(note: Some links may no longer be active, if this is the case check Accessing Marketing Stories for hints on accessing.)
- Chu, K., “Fast-Food Chains in Asia Cater Menus to Customers,” USA Today, September 7, 2010. http://www.usatoday.com/money/world/2010-09-07-asiatastes07_ST_N.htm
- “New Retail Strategies: Offering a Better Fit for Today’s Careful Consumers,” Knowledge@Wharton, August 31, 2011. http://knowledge.wharton.upenn.edu/article.cfm?articleid=2837
- ZenithOptimedia, Press Release, July 13, 2011. http://www.zenithoptimedia.com/about-us/press-releases/zenithoptimedia-adspend-forecast-update-jul-2011/
- The World Bank website. http://www.worldbank.org/
- Gregory, S., “Is Vitaminwater Really a Healthy Drink?” Time, July 30, 2010. http://www.time.com/time/business/article/0,8599,2007106,00.html
- Hunt, W. and A. Reid, “2011 Trends in Packaging,” Brand Packaging, December 27, 2010. http://www.brandpackaging.com/Articles/Feature_Articles/BNP_GUID_9-5-2006_A_10000000000000963162
- Snider, M., “Sony: Credit Card Data at Risk in PlayStation Hack,” USA Today, April 27, 2011. http://www.usatoday.com/tech/gaming/2011-04-26-sony-playstation_n.htm
- D’Innocenzio, A. “Wal-Mart Plan to Use Smart Tags Raises Privacy Concerns,” USA Today, July 25, 2010. http://www.usatoday.com/money/industries/retail/2010-07-25-wal-mart-smart-tags_N.htm
- Google Analytics website. http://www.google.com/analytics/
- Angwin, J., “The Web’s New Gold Mine: Your Secrets,” Wall Street Journal, July 30, 2010. http://online.wsj.com/article/SB10001424052748703940904575395073512989404.html
- Google Investor Relations website. http://investor.google.com/corporate/code-of-conduct.html
- Spiro, J., “How to Write a Code of Ethics for Business,” Inc. Magazine, February 24, 2010. http://www.inc.com/guides/how-to-write-a-code-of-ethics.html
- Canadian Marketing Association website. http://www.the-cma.org/public.asp?WCE=C=47|K=225849
- Spiro, J., “How to Write a Code of Ethics for Business,” Inc. Magazine, February 24, 2010. http://www.inc.com/guides/how-to-write-a-code-of-ethics.html
- Ben & Jerry’s Ice Cream website. http://www.benjerry.com/activism/
- Elliott, S., “A Brand That Takes a Stand,” New York Times, October 17, 2011. http://www.nytimes.com/2011/10/17/business/media/five-point-snacks-takes-a-stand.html
- World Trade Organization press release, April 7, 2011. http://www.wto.org/english/news_e/pres11_e/pr628_e.htm
