| |
|
PART I: MARKETING : CONCEPTS, ISSUES & ENVIRONMENT
.............................................. 3 |
|
Chapter 1 : Marketing: Basic Concepts..................................................................................
4 |
|
Marketing
Activities
.............................................................................................................
5 |
|
Definition of
Marketing.........................................................................................................
6 |
|
Evolution of
Marketing
........................................................................................................
9 |
|
1. The production-orientation.....................................................................................................
10 |
|
2. The product-orientation.........................................................................................................
10 |
|
3. The sales-orientation
............................................................................................................
10 |
|
4. The marketing orientation (the marketing concept)
.................................................................. 11 |
|
The Marketing
Concept Elements
......................................................................................
12 |
|
1. Customer -orientation............................................................................................................
12 |
|
2. Profit - orientation.................................................................................................................
13 |
|
3. Coordination and integration
.................................................................................................
13 |
|
The Societal
Concept of Marketing....................................................................................
16 |
|
The Marketing Mix..............................................................................................................
16 |
|
Marketing
Management
.....................................................................................................
19 |
|
Approaches to
Studying Marketing
...................................................................................
20 |
|
Summary
............................................................................................................................
22 |
|
Important Terms
................................................................................................................
23 |
|
Discussion and
Review Questions
......................................................................................
23 |
|
Application
Questions
........................................................................................................
24 |
|
Cases
..................................................................................................................................
25 |
|
Case 1.1 : The Arab
Organization for Industrialization
................................................................. 25 |
|
Case 1.2 :
McDonald’s McFalafel..................................................................................................
26 |
|
Chapter (1) Notes
..............................................................................................................
28 |
|
Chapter 2 : Marketing : Basic Issues
...................................................................................
30 |
|
1. The marketing importance issue
.....................................................................................
31 |
|
2. The marketing negative effects issue
.............................................................................
33 |
|
3. The entities concerned with marketing ethics
................................................................ 37 |
|
4. Marketing as a science or an art issue
............................................................................ 38 |
|
5. The universality of marketing principles
......................................................................... 40 |
|
6. The marketing job opportunities issue
........................................................................... 41 |
|
7. Marketing status in the Arab World issue
....................................................................... 44 |
|
Summary
............................................................................................................................
45 |
|
Important Terms
...............................................................................................................
46 |
|
Discussion and
Review Questions......................................................................................
46 |
|
Application
Questions
........................................................................................................
46 |
|
Cases
..................................................................................................................................
47 |
|
Case 2.1 : Schweppes
Soft Drinks
..............................................................................................
47 |
|
Case 2.2 : Roach
Killer Producing Company
................................................................................ 48 |
|
Chapter (2) Notes
..............................................................................................................
50 |
|
ii |
|
Chapter 3 : The Marketing Environment
.............................................................................
53 |
|
Concept and
Importance of the Marketing Environment
..................................................
54 |
|
Competitive
Environment...................................................................................................
57 |
|
1. Types of competition
............................................................................................................
57 |
|
2. Competitive structure.............................................................................................................
57 |
|
Economic
Environment
.......................................................................................................
59 |
|
1. State of the economy
............................................................................................................
59 |
|
2. Buying power
......................................................................................................................
60 |
|
Political/Legal
and Regulatory Environment
.................................................................... 61 |
|
1. Political environment.............................................................................................................
62 |
|
2. Legal environment
................................................................................................................
62 |
|
3. Law-enforcement organizations
..............................................................................................
65 |
|
Technological
Environment
................................................................................................
66 |
|
Demographic
Environment
.................................................................................................
68 |
|
Sociocultural
Environment
.................................................................................................
70 |
|
Summary
............................................................................................................................
72 |
|
Important Terms
................................................................................................................
74 |
|
Discussion and
Review Questions
......................................................................................
74 |
|
Application
Questions
........................................................................................................
75 |
|
Cases
..................................................................................................................................
76 |
|
Case 3.1 : The
Public Company for Leather Products and Industries...............................................
76 |
|
Case 3.2 :
Sainsbury's
..............................................................................................................
77 |
|
Chapter (3) Notes...............................................................................................................
80 |
|
PART II : STUDYING & ANALYZING BUYER BEHAVIOR
..................................................... 85 |
|
Chapter 4 : Studying and Analyzing Consumer Behavior.....................................................
86 |
|
Concept and
Importance of Consumer Behavior
............................................................... 87 |
|
I. Cultural
Factors
..............................................................................................................
92 |
|
II. Social Factors
................................................................................................................
94 |
|
III. Personal
Factors...........................................................................................................
97 |
|
IV. Psychological
Factors
..................................................................................................
100 |
|
Summary
...........................................................................................................................
108 |
|
Important Terms
..............................................................................................................
110 |
|
Discussion and
Review Questions.....................................................................................
110 |
|
Application
Questions
......................................................................................................
111 |
|
Cases
................................................................................................................................
112 |
|
Case 4.1 : Car
Buying Decision in Kuwait
.................................................................................. 112 |
|
Case 4.2 : City
Center in
Dubai.................................................................................................
113 |
|
Chapter (4) Notes..............................................................................................................
115 |
|
Chapter 5 : Studying and Analyzing Organizations' Buying
Behavior................................
117 |
|
Introduction.......................................................................................................................
118 |
|
Characteristics of
Organizational Market
........................................................................ 119 |
|
Buying Situations
and Buying Decisions
.......................................................................... 122 |
|
1. The new task situation
........................................................................................................
123 |
|
iii |
|
2. Modified re-buy
..................................................................................................................
124 |
|
3. Straight re-buy
...................................................................................................................
124 |
|
Participants in
the organization's Purchasing Process
.................................................... 124 |
|
Variables
Influencing Organizational Buying Behavior
...................................................
126 |
|
1. Environmental variables.......................................................................................................
126 |
|
2. Organizational variables
......................................................................................................
127 |
|
3. Interpersonal variables.........................................................................................................
128 |
|
4. Individual/personal variables................................................................................................
128 |
|
The Organizations'
Buying Process Stages
...................................................................... 129 |
|
1. Need/problem recognition
...................................................................................................
130 |
|
2. General /overall need description
.........................................................................................
130 |
|
3. Determining specifications
...................................................................................................
131 |
|
4. Searching for suppliers
........................................................................................................
131 |
|
5. Request for offers................................................................................................................
132 |
|
6. Selecting the supplier(s)
......................................................................................................
132 |
|
7. Determining ordering/supplying system.................................................................................
134 |
|
8. Performance evaluation........................................................................................................
134 |
|
Summary
...........................................................................................................................
135 |
|
Important Terms
..............................................................................................................
136 |
|
Discussion and
Review Questions.....................................................................................
136 |
|
Application
Questions
......................................................................................................
137 |
|
Cases
................................................................................................................................
138 |
|
Case 5.1 : Zamil Air
Conditioners (ZAC)....................................................................................
138 |
|
Case 5.2 : Moffet
Engineering Company
................................................................................... 140 |
|
Chapter (5) Notes
.............................................................................................................
143 |
|
PART III : MARKETING RESEARCH & MARKET SEGMENTATION
..................................... 147 |
|
Chapter 6 : Marketing Research
........................................................................................
148 |
|
Marketing Research
and Marketing Information Systems.
............................................. 149 |
|
Concept of MIS
.................................................................................................................
150 |
|
MIS Components
..............................................................................................................
151 |
|
1. Internal records
..................................................................................................................
151 |
|
2. Marketing decision support analysis
...................................................................................... 152 |
|
3. Marketing intelligence
.........................................................................................................
152 |
|
4. Marketing research..............................................................................................................
153 |
|
Marketing Research
.........................................................................................................
153 |
|
I. Importance of marketing research
.........................................................................................
153 |
|
II. The marketing research process
..........................................................................................
156 |
|
1. Identifying/locating the problem
.......................................................................................... 157 |
|
2. Determining types and sources of
data................................................................................... 158 |
|
3. Determining research population and
sample.......................................................................... 160 |
|
4. Designing data collection forms
............................................................................................ 163 |
|
5. Data collection
...................................................................................................................
163 |
|
6. Verifying, coding, tabulating and analyzing data
..................................................................... 166 |
|
7. Final report writing
.............................................................................................................
167 |
|
III. Additional topics................................................................................................................
167 |
|
iv |
|
1. Characteristics of a good research
study................................................................................. 168 |
|
2. Marketing research ethics
....................................................................................................
170 |
|
3. Who takes the marketing research responsibility
.................................................................... 170 |
|
Summary
...........................................................................................................................
171 |
|
Important Terms
..............................................................................................................
172 |
|
Discussion and
Review Questions
....................................................................................
172 |
|
Application
Questions
......................................................................................................
173 |
|
Cases................................................................................................................................
174 |
|
Case 6.1 : Al-Jazirah
Newspaper Survey
................................................................................... 174 |
|
Case 6.2 : Green
Oasis
Hotel....................................................................................................
175 |
|
Chapter (6) Notes
.............................................................................................................
177 |
|
Chapter 7 : Market Segmentation
.....................................................................................
179 |
|
Concept and
Importance of Market Segmentation
......................................................... 180 |
|
I. Variables for Segmenting Consumer Market
........................................................................... 183 |
|
1. Geographic variables
...........................................................................................................
183 |
|
2. Demographic variables
........................................................................................................
184 |
|
3. Psychographic variables
......................................................................................................
184 |
|
4. Behavioral variables
............................................................................................................
185 |
|
II. Organizations' Market Segmentation......................................................................................
185 |
|
1. Demographic variables
........................................................................................................
186 |
|
2. Operating
variables..............................................................................................................
186 |
|
3. Purchasing approaches
........................................................................................................
186 |
|
4. Situational variables
............................................................................................................
187 |
|
5. Personal
characteristics........................................................................................................
187 |
|
Market
Segmentation Stages
..........................................................................................
188 |
|
Evaluating and
Selecting Target Markets
....................................................................... 189 |
|
1. Evaluating market segmentation
...........................................................................................
189 |
|
2. Evaluating and selecting market segments..............................................................................
190 |
|
Targeting
Strategies
........................................................................................................
191 |
|
1. Undifferentiated strategy
.....................................................................................................
191 |
|
2. Differentiated strategy
.........................................................................................................
192 |
|
3. Concentrated strategy..........................................................................................................
194 |
|
Positioning for
Competitive Advantage............................................................................
195 |
|
The concept of positioning.......................................................................................................
195 |
|
The concept of competitive advantage.......................................................................................
196 |
|
Choosing
a Positioning
Strategy.......................................................................................
196 |
|
1. Identifying possible competitive advantage.............................................................................
197 |
|
2. Choosing the right competitive advantages
............................................................................ 198 |
|
3. Selecting an overall positioning strategy.................................................................................
199 |
|
Summary
...........................................................................................................................
201 |
|
Important Terms
..............................................................................................................
203 |
|
Discussion and
Review Questions
....................................................................................
203 |
|
Application
Questions
......................................................................................................
204 |
|
Cases.................................................................................................................................
205 |
|
Case 7.1 : Al-Zahraa
Company for Modern
Textiles..................................................................... 205 |
|
Case 7.2 : Hesni
Group............................................................................................................
207 |
|
v |
|
Chapter (7) Notes..............................................................................................................
209 |
|
PART IV : THE MARKETING MIX
........................................................................................
213 |
|
Chapter 8 : The Product : Basic Concepts..........................................................................
214 |
|
1. The product........................................................................................................................
216 |
|
2. Product line and product mix
...............................................................................................
218 |
|
3. Diversification, simplification and differentiation
..................................................................... 219 |
|
4. Types of products................................................................................................................
220 |
|
5. Types of consumer and industrial products.............................................................................
223 |
|
a. Consumer products
.............................................................................................................
223 |
|
b. Industrial/business
products.................................................................................................
224 |
|
6. Branding and labeling
.........................................................................................................
227 |
|
a.
Branding.............................................................................................................................
227 |
|
b. Labeling
............................................................................................................................
229 |
|
7. Packaging
..........................................................................................................................
230 |
|
8. Warranty and service...........................................................................................................
231 |
|
a. Warranty
...........................................................................................................................
231 |
|
b. Service
..............................................................................................................................
232 |
|
Summary
...........................................................................................................................
233 |
|
Important Terms
..............................................................................................................
234 |
|
Discussion and
Review Questions.....................................................................................
235 |
|
Application
Questions
......................................................................................................
235 |
|
Cases.................................................................................................................................
237 |
|
Case 8.1 : The
Generic Products
..............................................................................................
237 |
|
Case 8.2 : SADAFCO
Ice Cream
Line.........................................................................................
239 |
|
Chapter (8) Notes
.............................................................................................................
242 |
|
Chapter 9 : Product : Development and Management
...................................................... 244 |
|
I. Developing New Products................................................................................................
245 |
|
The Concept of New Product....................................................................................................
245 |
|
Importance of New Products
...................................................................................................
246 |
|
The Progressive Reduction Approach
........................................................................................
248 |
|
1. Idea
generation...................................................................................................................
248 |
|
2. Idea screening
...................................................................................................................
249 |
|
3. Concept development and
testing..........................................................................................
249 |
|
4. Business analysis
................................................................................................................
250 |
|
5. Product development
..........................................................................................................
250 |
|
6. Test marketing
...................................................................................................................
250 |
|
7. Product commercialization
...................................................................................................
254 |
|
II. Managing Existing Products...........................................................................................
256 |
|
1. Product line extensions
.......................................................................................................
256 |
|
2. Product modifications..........................................................................................................
257 |
|
3. Product deletions
................................................................................................................
259 |
|
III. Product Life Cycle
........................................................................................................
260 |
|
1. Concept and stages of PLC
..................................................................................................
261 |
|
2. Marketing strategies
............................................................................................................
262 |
|
3. Important issues and questions.............................................................................................
265 |
|
vi |
|
Summary
...........................................................................................................................
268 |
|
Important Terms
..............................................................................................................
269 |
|
Discussion and
Review Questions.....................................................................................
270 |
|
Application
Questions
......................................................................................................
271 |
|
Cases.................................................................................................................................
272 |
|
Case 9.1 : Al-Arabi
Toshiba.....................................................................................................
272 |
|
Case 9.2 : Al-Wadi
Company for Dairy Products
........................................................................ 273 |
|
Chapter (9) Notes..............................................................................................................
275 |
|
Chapter 10 : Product : Service, Organization and Idea
..................................................... 277 |
|
I. Marketing of Services
.....................................................................................................
278 |
|
1. Concept and classifications of service.....................................................................................
279 |
|
2. Characteristics of services
....................................................................................................
282 |
|
3. Tasks of service marketing department
................................................................................. 286 |
|
II. Organizations and Idea Marketing
...............................................................................
290 |
|
1. Organization marketing........................................................................................................
292 |
|
2. Idea marketing
...................................................................................................................
295 |
|
Summary
...........................................................................................................................
298 |
|
Important Terms
..............................................................................................................
300 |
|
Discussion and
Review Questions
....................................................................................
300 |
|
Application
Questions
......................................................................................................
301 |
|
Cases
................................................................................................................................
302 |
|
Case 10.1 : Bank of
Jordan
.....................................................................................................
302 |
|
Case 10.2 : Kuwait
Institute for Scientific Research
..................................................................... 304 |
|
Chapter (10) Notes
...........................................................................................................
307 |
|
Chapter 11 : Price
..............................................................................................................
309 |
|
Definition of
Price.
...........................................................................................................
310 |
|
1. The traditional concept.........................................................................................................
310 |
|
2. The generic concept
............................................................................................................
310 |
|
Importance of
Price
..........................................................................................................
311 |
|
1. Price-effect on demand and supply........................................................................................
313 |
|
2. Price is the basis for generating revenues and
profits
.............................................................. 314 |
|
3. Price-flexibility
...................................................................................................................
314 |
|
Pricing Objectives
.............................................................................................................
315 |
|
1. Survival
.............................................................................................................................
315 |
|
2. Maximum current profits
.....................................................................................................
315 |
|
3. Maximum current revenue....................................................................................................
315 |
|
4. Maximum sales growth
.......................................................................................................
315 |
|
5. Maximum market skimming
.................................................................................................
316 |
|
6. Product-quality leadership
...................................................................................................
316 |
|
Important Pricing
Requirements
.....................................................................................
316 |
|
1. Demand estimate in relation to price
..................................................................................... 316 |
|
2. Costs estimate
....................................................................................................................
319 |
|
3. Analyzing competitors' cost, prices and offers
........................................................................ 319 |
|
vii |
|
I. Pricing a New Product
....................................................................................................
320 |
|
1. Market skimming strategy.....................................................................................................
320 |
|
2. Market penetration strategy
.................................................................................................
321 |
|
II. Modifying Existing Product Price...................................................................................
322 |
|
1. Temporary modification
......................................................................................................
322 |
|
2. Price change
......................................................................................................................
325 |
|
Pricing Methods
................................................................................................................
327 |
|
1. Cost-oriented pricing methods
.............................................................................................
327 |
|
2. Demand/market-oriented methods
.......................................................................................
328 |
|
Psychological
Prices..........................................................................................................
330 |
|
1. Odd-even prices
.................................................................................................................
330 |
|
2. Customary prices
................................................................................................................
330 |
|
3. Surrogate prices..................................................................................................................
331 |
|
Summary
...........................................................................................................................
331 |
|
Important Terms
..............................................................................................................
332 |
|
Discussion and
Review Questions
....................................................................................
333 |
|
Application
Questions
......................................................................................................
334 |
|
Cases
................................................................................................................................
335 |
|
Case 11.1 : Shop and
Save
......................................................................................................
335 |
|
Case 11.2 : Student
Union Cafeteria
.........................................................................................
338 |
|
Chapter (11) Notes
...........................................................................................................
340 |
|
Chapter 12 : Promotion : An Overview...............................................................................
341 |
|
Concept and
Elements of Promotion
............................................................................... 342 |
|
1. Advertising
.........................................................................................................................343 |
|
2. Personal selling (communication)
.........................................................................................
344 |
|
3. Publicity.............................................................................................................................
344 |
|
4. Sales promotion
.................................................................................................................
344 |
|
Objectives of
Promotion....................................................................................................
347 |
|
1. To inform
..........................................................................................................................
347 |
|
2. To persuade
......................................................................................................................
347 |
|
3. To reinforce
.......................................................................................................................
347 |
|
4. To remind..........................................................................................................................
348 |
|
5. Other objectives
.................................................................................................................
348 |
|
Promotion Mix
Composition
.............................................................................................
349 |
|
1. Type of product and customer.
............................................................................................
349 |
|
2. Product life cycle.
...............................................................................................................
349 |
|
3. Nature of competition and competitors' behavior
.................................................................... 350 |
|
4. Resources allocated to promotion
.........................................................................................
350 |
|
5. Distribution channel strategy
................................................................................................
350 |
|
Methods of
Determining the Promotion Budget
.............................................................. 351 |
|
1. Percentage-of-sales method..................................................................................................
351 |
|
2. Competitors' budget (competitive parity) method.
.................................................................. 352 |
|
3. Available funds (affordable) method
..................................................................................... 353 |
|
4. Objective-and-task method.
.................................................................................................
353 |
|
viii |
|
Promotion as a
Communication Process.
......................................................................... 354 |
|
Evaluating
Promotion
.......................................................................................................
358 |
|
Summary
...........................................................................................................................
360 |
|
Important Terms
..............................................................................................................
361 |
|
Discussion and
Review Questions.....................................................................................
362 |
|
Application
Questions
......................................................................................................
363 |
|
Cases.................................................................................................................................
364 |
|
Case 12.1 : Tasty
Ice Cream Company
..................................................................................... 364 |
|
Case 12.2 : KFC
Promotion in
Egypt..........................................................................................
365 |
|
Chapter (12) Notes............................................................................................................
367 |
|
Chapter 13 : Promotion : Advertising and Personal
Selling
.............................................. 369 |
|
I. Advertising.......................................................................................................................
371 |
|
1. Concept and importance of advertising..................................................................................
371 |
|
2. Types of advertising............................................................................................................
373 |
|
3. Advertising decisions
..........................................................................................................
379 |
|
4. Advertising creativity...........................................................................................................
383 |
|
II. Personal Selling
.............................................................................................................
385 |
|
1. Concept and importance of personal selling
........................................................................... 385 |
|
2. The selling process
.............................................................................................................
387 |
|
3. Management of the salesforce
..............................................................................................
389 |
|
Summary
...........................................................................................................................
393 |
|
Important Terms
..............................................................................................................
396 |
|
Discussion and
Review Questions
....................................................................................
396 |
|
Application
Questions
......................................................................................................
397 |
|
Cases.................................................................................................................................
398 |
|
Case 13.1 : Cotton
Tips Producing Company
............................................................................. 398 |
|
Case 13.2 : AOI
Furnace Burner.
.............................................................................................
400 |
|
Chapter (13) Notes
...........................................................................................................
402 |
|
Chapter 14 : Place (Distribution)........................................................................................
405 |
|
Concept and
Importance of Distribution
......................................................................... 406 |
|
I. Distribution
Channel(s)
.................................................................................................
410 |
|
Types of Distribution Channels
................................................................................................
410 |
|
Distribution Channel Behavior
..................................................................................................
412 |
|
Distribution Channel Management
............................................................................................
413 |
|
Designing and Managing Distribution Channels...........................................................................
413 |
|
II. Distribution
Outlets......................................................................................................
419 |
|
Wholesaling
Outlets.................................................................................................................
419 |
|
Types of Wholesaling Outlets
...................................................................................................
419 |
|
Retailing Outlets
.....................................................................................................................
421 |
|
1. Store retailing
....................................................................................................................
421 |
|
2. Non-store retailing...............................................................................................................
425 |
|
Summary.
..........................................................................................................................
427 |
|
Important Terms
..............................................................................................................
429 |
|
ix |
|
Discussion and
Review Questions
....................................................................................
430 |
|
Application
Questions
......................................................................................................
430 |
|
Cases
................................................................................................................................
432 |
|
Case 14.1 : Disney
Consumer Products in Lebanon (A)
.............................................................. 432 |
|
Case 14.2 : Peter
Rabbit
Store..................................................................................................
434 |
|
Chapter (14) Notes
...........................................................................................................
437 |
|
PART V : MARKETING MANAGEMENT
...............................................................................
441 |
|
Chapter 15 : Marketing Planning
.......................................................................................
442 |
|
Basic Concepts in
Planning
..............................................................................................
444 |
|
The Marketing
Planning Process
.....................................................................................
445 |
|
1. Current marketing situation analysis.
.................................................................................... 446 |
|
2. Strengths/weaknesses and opportunities/threats
analysis
........................................................ 449 |
|
3. Setting the marketing objectives
...........................................................................................
450 |
|
4. Formulating marketing strategies
.........................................................................................
451 |
|
5. Estimating expected outcomes..............................................................................................
453 |
|
6. Formulating action programs................................................................................................
453 |
|
7. Controlling the plan.............................................................................................................
453 |
|
Marketing
Decision-Making
.............................................................................................
455 |
|
1. Identifying/locating the
problem...........................................................................................
456 |
|
2. Identifying the alternative courses of
action............................................................................
457 |
|
3. Analyzing and evaluating the
alternatives...............................................................................
458 |
|
4. Choosing the right alternative
..............................................................................................
458 |
|
Summary
...........................................................................................................................
459 |
|
Important Terms
..............................................................................................................
460 |
|
Discussion and
Review Questions
....................................................................................
461 |
|
Application
Questions
......................................................................................................
461 |
|
Cases
................................................................................................................................
462 |
|
Case 15.1 : Kmart
Stores
........................................................................................................
462 |
|
Case 15.2 : Eastern
Tobacco
Company......................................................................................
464 |
|
Chapter (15) Notes
...........................................................................................................
466 |
|
Chapter 16 : Organizing Marketing....................................................................................
468 |
|
Evolution of the
Marketing Department
.......................................................................... 470 |
|
1. A simple sales department
...................................................................................................
470 |
|
2. Sales and other marketing functions department
.................................................................... 470 |
|
3. Independent marketing department
......................................................................................
470 |
|
4. The modern marketing department.......................................................................................
471 |
|
5. The modern marketing organization
..................................................................................... 471 |
|
Bases for
Classifying and/or Grouping Marketing Activities............................................
471 |
|
1. The functional
basis.............................................................................................................
471 |
|
2. The product (brand) basis
...................................................................................................
472 |
|
3. The customer (market)
basis................................................................................................
473 |
|
4. The geographical
basis.........................................................................................................
474 |
|
5. The multiple basis
..............................................................................................................
475 |
|
Relationships
Between Marketing and Other Departments............................................
477 |
|
x |
|
The Firm's
Marketing-Orientation....................................................................................
481 |
|
Summary.
.........................................................................................................................
486 |
|
Important Terms
..............................................................................................................
487 |
|
Discussion and
Review Questions.....................................................................................
488 |
|
Application
Questions
......................................................................................................
488 |
|
Cases
................................................................................................................................
489 |
|
Case 16.1 : Sierra
National Bank
..............................................................................................
489 |
|
Case 16.2 : Pride
Jet Skies Company
........................................................................................
492 |
|
Chapter (16) Notes
...........................................................................................................
495 |
|
Chapter 17 : Controlling Marketing Activities
................................................................... 496 |
|
The Concept of
Marketing Control....................................................................................
497 |
|
The Marketing
Control Process
........................................................................................
497 |
|
1. Setting the control standards
...............................................................................................
498 |
|
2. Measuring actual performance...............................................................................................
498 |
|
3. Evaluating performance
.......................................................................................................
498 |
|
4. Taking corrective actions
.....................................................................................................
499 |
|
Types of Marketing
Control
.............................................................................................
499 |
|
I. Annual Plan
Control.............................................................................................................
501 |
|
II. Profitability Control
............................................................................................................
505 |
|
Marketing
Profitability Analysis Steps.............................................................................
506 |
|
1. Determining the marketing functions expenses
...................................................................... 506 |
|
2. Allocating marketing function expenses
................................................................................. 506 |
|
3. Preparing profit-and-loss statement.......................................................................................
507 |
|
III. Efficiency Control
..............................................................................................................
508 |
|
IV. Strategic
Control................................................................................................................
511 |
|
1. Marketing effectiveness rate
.................................................................................................
511 |
|
2. The marketing audit............................................................................................................
512 |
|
3. Marketing excellence review
.................................................................................................
514 |
|
4. Company ethical and social responsibility review
.................................................................... 514 |
|
Summary
...........................................................................................................................
515 |
|
Important Terms
..............................................................................................................
516 |
|
Discussion and
Review Questions
....................................................................................
516 |
|
Application
Questions
......................................................................................................
517 |
|
Cases
................................................................................................................................
518 |
|
Case 17.1 : Hikma
Pharmaceuticals (A)
.................................................................................... 518 |
|
Case 17.2 : Arabian
Furniture
Company....................................................................................
520 |
|
Chapter (17) Notes
..........................................................................................................
523 |
|
PART VI : ADDITIONAL TOPICS
........................................................................................
527 |
|
Chapter 18 : International Marketing
...............................................................................
528 |
|
Concept and
Importance of International Marketing......................................................
529 |
|
Problems of
International Marketing Research
.............................................................. 531 |
|
1. Sources of data
..................................................................................................................
531 |
|
2. Personal interviews
.............................................................................................................
532 |
|
3. Using telephones.................................................................................................................
532 |
|
xi |
|
4. Questionnaires....................................................................................................................
532 |
|
1. International
trade system
..........................................................................................
533 |
|
2. Economic
environment..................................................................................................
534 |
|
3. Political/legal
environment
.........................................................................................
535 |
|
4. Socio-cultural
environment...........................................................................................
537 |
|
Selecting
International Market(s)
...................................................................................
541 |
|
International
markets Entry Strategies...........................................................................
543 |
|
. Exporting
............................................................................................................................
543 |
|
2. Joint Venturing
..................................................................................................................
544 |
|
3. Direct investment
...............................................................................................................
545 |
|
International
Marketing Mix.............................................................................................
545 |
|
1. Product
.............................................................................................................................
546 |
|
2. Promotion
.........................................................................................................................
546 |
|
3. Price..................................................................................................................................
547 |
|
4. Distribution.........................................................................................................................
547 |
|
Summary
...........................................................................................................................
549 |
|
Important Terms
..............................................................................................................
550 |
|
Discussion and
Review Questions
....................................................................................
551 |
|
Application
Questions
......................................................................................................
552 |
|
Cases
................................................................................................................................
553 |
|
Case 18.1 : Hikma
Pharmaceuticals
(B)......................................................................................
553 |
|
Case 18.2 : Disney
Consumer Products in Lebanon (B)
............................................................... 555 |
|
Chapter (18) Notes
...........................................................................................................
559 |
|
Chapter 19 : Contemporary Trends in Marketing
.............................................................. 561 |
|
1. Internal marketing
..............................................................................................................
563 |
|
2. Relationship marketing and CRM...........................................................................................
565 |
|
3. Innovative (creative) marketing.............................................................................................
569 |
|
4. Green marketing
................................................................................................................
573 |
|
5. Electronic (E) marketing
......................................................................................................
576 |
|
6. Strategic marketing..............................................................................................................
580 |
|
Summary
...........................................................................................................................
582 |
|
Important Terms
..............................................................................................................
585 |
|
Discussion and
Review Questions
....................................................................................
585 |
|
Application
Questions
......................................................................................................
586 |
|
Cases
................................................................................................................................
587 |
|
Case 19.1 :
Innovative Marketing in Supermarkets
..................................................................... 587 |
|
Case 19.2 :
Relationship Marketing in Kuwaiti Companies
........................................................... 590 |
|
Chapter (19) Notes
...........................................................................................................
593 |
|
Selected References...........................................................................................................
597 |