Professional Documents
Culture Documents
a. Service marketing can be defined as marketing of services. Its not same for
tangible products. Services if compared with goods then neither all products are
purely goods nor services. In more clear words service can be defined as
b. use of the service is not separated from its purchase.
c. A service can never be in material form and therefore it cannot be touched,
seen, heard, tasted, or smelled.
d. The use of a service is inherently subjective, i.e. if many people are
experiencing services then each of them will experience it uniquely.
Ethical behavior in a competitive environment includes supporting fair competition, competing on the basis of
accurately representing your products and services in the marketplace and fulfilling your obligations in good
faith.
Pricing
Following ethical guidelines in pricing means prices have to be clear without hidden charges
Ethical sales and marketing offer only safe products that are suitable for their intended use.
Supply of the product includes supplying instructions that the customer can follow to make
the product work as intended, providing customer service to resolve problems and dealing
with problems objectively by applying appropriate solutions
Research
Businesses obtain personal information about their customers during sales activity and marketing
research. Ethical practice means you respect the privacy of customers and safeguard their data.
Promotion
Sales and marketing include promoting your products and services to potential customers.
Ethical promotion portrays your offers honestly and accurately, without links to attractive
lifestyles that are not relevant
a. To minimize the risk in taking decisions regarding how, who, when and
where to market a a product service or a brand.
b. To maximize efficiency of marketing by directing effort towards a particular
segment in a consistent manner with that segment's characteristics.
Test marketing is done in order to test the various variabilities including the
elements of the product in a marketing plan. It projects the actual launching of
the whole marketing program but on a limited basis. In short it can be said that
it is the last step before the product is released.
5. You are asked to write a marketing plan. What will be the major headings under which you will
divide the whole plan?
12. Explain:
13. What are the various oraganizational factors influencing the business buyers?
15. Explain:
18. List the steps you will take while designing your competitive intelligence system.
19. What is a competitor centered company? What are its main features?
20. What is a customer centered company? What are its main features?
21. Explain:
a.) Mass marketing
22. What are the benefits of segment marketing over mass marketing?
23. Explain the approach you will take for market segmentation. What major segmentation
variables will you use?
24. What are the characteristics of effectively segmented market?
In addition to preparing attractive offers for customers, megamarketers may use inducements and
sanctions to gain the desired responses from gatekeepers. I define megamarketing as the strategically
coordinated application of economic, psychological, political, and public relations skills to gain the
cooperation of a number of parties in order to enter and/or operate in a given market. Megamarketing
challenges are found in both domestic and international situations.
Pepsi worked with an Indian group to form a joint venture with terms designed to win government
approval over the opposition of both domestic soft drink companies and anti-MNC legislators. Pepsi
offered to help India export its agro-based products in a volume that would more than cover the cost
of importing soft drink concentrate. Furthermore, Pepsi promised to focus considerable selling effort
on rural areas as well as major urban markets. Pepsi also offered to bring new food processing,
packaging, and water treatment technology to India.
28. What steps will you pass through while developing a new product?
29. What are the various methods for the test marketing of consumer goods?
Both large and small companies experience internal conflicts between the
sales group and marketing group stemming from differing opinions about the
role of marketing vs. the role of sales. Marketing groups tend to see sales
groups as a delivery mechanism at the end of a marketing process. Sales
groups tend to see marketing groups as providing a service that helps sales
groups to sell more easily.
The ideal answer is something like "I'd learn everything I could and then bring
that knowledge back into the marketing group to help make it more effective."
Amuls architect in almost every way was the late Dr Verghese Kurien (who,
ironically, died in the 50th year of the creation of the Amul girl).
In the sixties and seventies, India was a milk-deficit country, not at all self-sufficient.
"Milk powder was imported. From a per capita milk consumption of less than 110 grams per
person to around 300 grams per person is a long way, and largely possible due to the
cooperative movement.
The (original) Amul Girl was created by Sylvester daCunha (daCunha Communications) to
counter the Polson dairy girl.
Even after the opening up of the sector in 1991, and the entry of several private
dairies, there are few serious brands that have emerged in the domestic market,
Sodhi says.
Sodhi says since the mid-90s, Amul has been able to take the range outside the
security of our traditional products, milk powder and butter.
Tell me about a marketing project in which you had to coordinate and manage
a diverse team of people to achieve deliverables. LRF
Highlight supporting metrics such as increase in sales, ROI, customer acquisition rate,
leads.
Focus on the specifics of why the campaign succeeded and quantify your personal
contribution.
Show a good understanding of the latest technologies and how to leverage them even if
you have not worked much with them. Read up about the latest developments in digital
marketing, hyper-targeting, augmented reality and social media. You should be able to
convince the employer that you keep up with the latest marketing trends.
Identify a successful brand and discuss the positioning, target market, the 4Ps (product,
price, place and promotion). What would you retain and what would you change in the
brand and why?
How have you delivered against targets over the last 6 months?
Your research should ensure that you can answer the following marketing interview
questions:
The company is exploring your ability to influence and persevere. Highlight your ability
to connect with the customer, to identify the customer's real needs and to persuade the
customer that your product can satisfy these needs. Get more help with this question
at behavioral interview answers
Creativity can manifest in many different ways. For guidance on answering interview
questions about your ability to come up with new ideas and solutions go to behavioral
answers
Tell me about a recent situation when you had to meet a very tight
deadline
Coping with pressure and deadlines is integral to a marketing position. Highlight your
planning and organizing skills, your ability to remain focused and calm under stress and
your ability to efficiently use available resources.
Marketing interview questions will include those that explore your personal commitment
to the job.
Examples include meeting challenges head on, working under pressure, creativity and
innovation, data analysis and problem-solving, communication skills, teamwork and
working to targets and goals.
Include reasons why you find the company an attractive employer. Your passion and
motivation will set you apart from other candidates.
This question is asked to measure your real passion for marketing. Be sure to have
recently read a book that you can talk about. Focus on what you got from the book and
its relevance to the challenges evident in the job you are interviewing for.
Gather together your best work samples. Put together a portfolio to present to the
employer. Be ready for probing questions about the information in your portfolio.
Have some insightful questions ready to ask in your marketing interview. This will make
you look competent and serious and will help you collect the information you need to
evaluate the company and the job.
What would be your approach for introducing a product into a foreign market? What
are the risks and benefits to consider i.e. producing in your own country vs producing
in the new country, etc?
A toy company has been experiencing decline sales for the last two seasons.
Research suggests that introducing several new product lines is the solution. Develop
a marketing strategy for the company's largest product line, including pricing,
product packing, etc.
A large chain of retail clothing stores is struggling with profitability. Bases on your
review fo the company's financial statements, what problems can you identify? Can
this company be turned arounds? How would you go about deciding?
However, the skills and processes required for predictive analytics projects
can be difficult to develop and before you begin, you should know, if this
really is for you.
Deodorant and toothpaste ads often employ this tactic. Government agencies appeal to an individuals fear
of death or incarceration to prevent drinking and driving.
Humor
Humorous ads work best with established and commonly purchased products such as cellphones, fast food
and alcoholic beverages.
Rational
Household appliance manufacturers may place emphasis on features that lower home utility costs and
protect the environment. Printed and business-to-business advertisements are better suited for rational
appeals.
Sex
Generally done by showing the woman spraying the fragrance and then capturing the attention of an
attractive male who passes her on the street. Overly overt images subtract from the overall message the
advertiser wants to convey.
Bandwagon
A bandwagon appeal makes consumers believe they are missing out by addressing the consumers need to
belong. Food and drink ads show hip young adults enjoying a product and ignoring the individual who
chooses the less popular product.
5 Most Common Advertising Techniques
Repetition Repetition is a simple yet effective technique used to build identity awareness and
customer memory.
Claims
Association Associating a product or company with a famous person, catchy jingle,
desirable state of being or powerful emotion creates a strong psychological connection in the
customer.
Bandwagon
Promotions Coupons, sweepstakes, games with prizes and gifts with purchases create
excitement, and participation encourages customers to build a relationship with the
sponsoring product or service.
There are basically two ways to persuade: rational persuasion and emotional persuasion. Rational
persuasion employs logical arguments and believable evidence. Rational persuasion requires that the target
or audience make an active effort in receiving and evaluating the information. Emotional persuasion relies
on the subconscious mind's "auto-pilot" to handle the chores of receiving, processing and evaluating
information to make a decision. In other words, when decisions are made at the subconscious level, they
are based on emotions and instincts, or "gut feeling."
Thinking is a laborious task. Experts in neuroscience say that the mere act of thinking burns three times
more calories than a less-challenging task like watching TV. The experts also note that the human brain
runs on idle in a non-thinking state 95 percent of the time. Marketers clearly don't bet their budgets on
consumers being asleep at the switch 95 percent of the time. The stats strongly suggest, however, that
people are more susceptible to emotional appeals because their brains are in an idle, subliminal state most
of the time.
Clutter Busting
Catalog of Emotions
Aristotle's 14 emotions are: anger, mildness, love, enmity, fear, confidence, shame, shamelessness,
benevolence, pity, indignation, envy, emulation and contempt
QR Codes
A QR code, or a quick response code, is a two-dimensional symbol akin to the UPC (Universal Product
Code, or "bar code"). A QR code elicits a digital action when scanned by a QR code reader. In advertising,
it has gained traction as an interactive tool in which consumers can scan the code to retrieve additional
information about the product or promotion.
Co-Branding
Co-branding is a joint venture that combines the advertising efforts of two or more brands to create a new
consumer product. Recent examples of co-branding, Apple and Nike. These brands have worked together
to create new consumer products that elevate brand awareness while creating heightened consumer interest
in newly launched products. S
Content Marketing
Content marketing is a term that began gaining popularity around 2003 with the birth of social media
websites such as Facebook and Twitter. Content marketing includes advertorials (newspaper or magazine
articles that are written editorially to promote your product), blogs or any other kind of content that is
published on the web for promotional purposes. As a form of advertising, content marketing is effective at
creating awareness when it comes to brand storytelling.
Online Advertising
Consumers use the web to find many things, including businesses and brands. When it comes to
capitalizing on reaching consumers, advertisers are using tools such as Google AdWords to create online
advertising campaigns. AdWords is a Google product that allows small businesses to create online
advertisements with keyword and budget parameters to target their primary customers. Other trends in
online advertising include marketing efforts such as search engine optimization (SEO -- the process of
using keywords to get a website to rank higher in results as opposed to using AdWords); social media;
mobile devices such as iPads and other handhelds; display ads; and website banner ads.
According to advertising experts, the landscape has shifted considerably as compared to the
earlier decade and even the last few years. Service oriented sectors have grown as opposed to
the slump in the manufacturing and production sector. This has impacted advertising immensely.
Services now dominate both the print and television advertising categories and this is one of
the biggest trends in the sector in recent times. Television has heralded its dominance over all
other media platforms when it comes to advertising. According to industry statistics, television
holds the lions share of advertising expenditure which is more than 40% while digital media is
also rapidly expanding its footprints and will soon move into double digits.
Print media expenditure has gone down considerably and stands at less than the coveted 40%
mark as per recent reports and statistics. Television is increasingly being used as a prime
advertising platform by nationally acclaimed companies and organizations while print is the
marketing weapon of choice for local and regional players. Alongside, advertising has witnessed
the interdependence of media platforms where they often work complementary to each other to
get the message across. This is another new development which is being tapped by agencies for
their campaigns and marketing blueprints.
Soft drink companies still advertise hugely in their bid to outdo each other and this translates into
fantastic advertising. Alongside, other duels have emerged between telecommunication
companies and mobile phone companies as well. The Samsung and Nokia or Vodafone and
Airtel battles are the stuff of modern day advertising legend. The telecom industry has taken up a
huge space as far as advertising is concerned. Alongside, FMCG sectors are having a field day
when it comes to occupying advertising space and consumer mind spaces. FMCG players are
investing heavily in television advertising in recent times while consumer durables sectors are
witnessing a quiet exit from the advertising space.
Digital media is slated to be the next big thing in advertising and may soon overtake print as
reinforcement to television advertising.
1. Dark Social
The actual meaning of isnt directly related to messaging, though. Dark social refers to
content which is shared through private messaging apps, texts or email, rather than shared on
social media.
The dark part of the name means that the referral data cant be tracked
Adidas have already used this as a really effective marketing tactic. They looked at which
messaging apps were most popular in which places, and recruited squads (brand advocates,
basically) around the world with the focus on creating hyper local communities that would
consume Adidas content, shared with them by these squads.
In Europe and the US, Adidas primarily used Whatsapp, and in Asia it was Wechat. The
theory was that people using these apps already create their own micro-communities, so why
not be the brand that creates their own? By using their brand advocates, they can access more
data on how content is shared, consumed and discussed on these channels, and form a closer
relationship with their audience.
2. Agile Marketing
Taking inspiration from Agile ways of working in other industries, marketers have now
begun to adopt the methodologyfor ad campaigns, but what does this mean?
Essentially, it means marketing in a more reactive, responsive way, which helps campaigns in
both their relevance and effectiveness.
One of the fundamental concepts behind working in an agile way is working in sprints. So
you define targets in the short term, as well as what you need to do to achieve them. Then at
the end of each sprint, you measure the success of the project and optimise, and respond to
what youve learned.
It can revolutionise the way a marketing and advertising team works, but one of the biggest
fundamental gains is that it allows you to respond quickly to external factors, and keep your
marketing campaigns up to date and relevant, whilst constantly ensuring that your efforts are
efficient and fully optimised.
After all, a lot of marketing teams in days gone by have been relatively slow and inflexible.
There are usually a number of different parties involved in making an ad campaign, so
communication and decisions could take forever. When the success of a campaign can
depend entirely on whats happening at a particular moment, this is not an effective way to
work.
This is why more marketing teams are going to be adopting this way of working in 2017, and
its definitely something you should be looking into for your own company. It gives your
marketing efforts real focus, and allows you to keep everything you do completely relevant.
Not just your external advertising efforts, but the way you work within the team too.
If you do it well, it will help your efforts stand out from the crowd, and can revolutionise the
way your team works. Teams that have adopted it already have seen a noticeable increase in
productivity, so why wouldnt you want the same for your own company?
3. Social advertising will continue to be huge, but only on the right networks
Spend on marketing through social media continues to rise by huge amounts each year. Back
in 2015, spending hit nearly $24 billion, and in 2017 its expected to exceed $35
billion according to emarketer, which would make up around 16% of total digital ad spend.
Its a part of the landscape that will continue to grow, but the key to making the most of it
isnt just to increase spend, but to identify where to spend your cash.
Take Twitter, for example. Its still a hugely popular platform for the users, but the
advertising just doesnt work. Spend has stagnated, and the format just doesnt resonate with
people. Think how many times you have seen a relevant, interesting ad on Twitter. Now try
to remember if you ever actually clicked on oneits a struggle, right?
The truth is, its probably not the right platform for advertising in its current state. People
tend to scroll quickly through their Twitter feeds, so you probably have around a second to
grab the users attention, but then youre in direct competition with the accounts they actually
follow, so youre off to a tough start.
Contrast this with advertising on Facebook, where spend is increasing massively and brands
are having real success, and its easy to see what the trend is for 2017. Spending money on
social advertising, but in the right places.
Whether thats Facebook, Instagram, Snapchat, or any other network that explodes during the
coming year, you need to identify first which your audience uses most, and then how to
communicate with them most effectively.
We wrote about the use of Augmented Reality (AR) in marketing earlier in the year, and
noticed that over the next few months the post really started to gain traction. This is a sign
that more and more marketers are looking at how they can take advantage of AR to reach a
wider audience in more interesting ways.
Previously, the use of AR was mainly thought to be restricted to expensive, bespoke headsets,
like the Hololens which is to be released by Microsoft. It was only when Pokemon GO was
released, along with Snapchat filters getting increasingly popular, that companies realised to
utilise AR, all you really need is a smartphone.
Conclusion
2016 wasan interesting year. For marketing and advertising, it was largely fantastic. New
tech, refined techniques, endless options, and so many innovative campaigns. For everything
else, 2016 wasshocking. Not one to remember.
So nows the time to focus on making 2017 great again. Try and take advantage of these
trends, and really innovate with your ad campaigns. Focus on creating amazing, eye-catching,
successful ad campaigns, and really make sure that 2017 is a year to remember for your
business.
1. Marketing Automation
Marketing automation is the perfect technology for B2B marketing. It
provides an automated way of scoring and nurturing leads with relevant
content along the journey to purchase. Yet our research on Marketing
Automation (free download) shows that many businesses aren't fully
exploiting marketing automation since they are at an early level of maturity.
2. Content marketing
Content marketing is a technique that has been used in B2B marketing for
many years, but in recent years, the popularity of inbound marketing has
given more attention to share blogs and social media. Over the past three
or four years, readers have voted for the importance of Content Marketing
amongst the marketing activities available. Within content and inbound
marketing, I think the ongoing discussions will be around getting the right
balance of content quantity, frequency and quality and of
course, measuring the ROI of Content Marketing.
3. Web personalisation
Website personalisation is a well-established technique for Ecommerce
sites but traditionally has been less widely used within business-to-
business. It's surprising since personalisation of emails using techniques
such as dynamic content insertion as described above is popular.
4. Channel integration
With so many separate digital marketing channels there is a tendency to
focus on individual channels, but an integrated nurturing process can reap
dividends. One key trend here is the integration of different channels.
5. Account-Based Marketing
Account-Based Marketing or ABM is an established approach in B2B
marketing, particularly within larger organisations who have structures and
processes to target key accounts.
6. Mobile marketing
It goes without saying that the shift to mobile is a key trend for B2B
marketers, as it has been for several years now. We've included this for
completeness since Google tells us that most businesses have a
responsive site, so you could say it's no longer a trend. However, changes
that will affect B2B marketers in 2017 (particularly those who don't know
about them) including Google's new mobile-first index and potential
penalties for pop-ups.
Mobile now accounts for over half of web traffic, and where previously B2B
companies could assume that their customers would be researching them
on desktop devices, now a new breed of business owner using mobile
devices to research solutions on the go means B2B marketers need to be
sure that their content is mobile optimised to ensure a smooth processes
for users on all devices.
7. Social media
This research shows that B2B businesses tend to get the best results from
LinkedIn and Twitter, but are present across a wide range of social
networks. Youtube and Slideshare also stand out as particularly effective,
whilst Google+ is very ineffective considering the majority of B2B
businesses are using it. The eMarketer chart shows 2015 data, whilst the
chart underneath it shows data for 2016.
As the second largest search engine on the planet, people are turning
to Youtube to gather helpful tips about products and services.
Sponsoring a video with YouTube influencers gives you great
advantages. If you've chosen the right influencer, you'll have access to
a massive subscribed audience of fans that are emailed and notified
of the influencer's videos.
4. 4. Unicorns, don't look a gift horse in the mouth
5. Although the Indian Unicorns are doing well and increasing
valuations to everyone's amazement, they may need to take heed of
the old adage 'don't look a gift horse in the mouth'.
The unicorns have been splashing around VC funds indiscriminately.
Some of them have found the hard way that no fund is unlimited.
They will also realise that some good old solid management practices
are more important than founder- innovator brilliance and brashness
when running a company.
"Building a brand is a roll-out process, not a drop everywhere in the world at one time. Do you know what the
best selling imported beer is in the United States? It's Corona. Who would expect a beer from Mexico to be
popular? The fact is it's a terrific beer. But they didn't just come to the U.S. and put it everywhere. They went to
the cities with a Mexican population -- Los Angeles, Chicago, New York -- and then they put it in restaurants and
stores there. The key to brand-building is to have something good that you roll-out in a very intelligent way.
Maybe even invisibly for a while because you want to be under the radar screen of competitors."
"There are still too many CEOs who identify marketing with selling and advertising. But marketing has evolved to
be not only product centered but customer centered. We are saying you've got to understand and choose the
customers you want to serve. Don't just go after everyone. Define the target market carefully through
segmentation and then really position yourself as different and as superior to that target market. Don't go into that
target market if you're not superior.
"We are trying to make the case that it's much more important for a company to be customer-centric than
product-centric. The same customer you have for product X, may be available for product Y and Z and so on.
And you won't know that if you have separate product managers, each only concerned with selling his or her
product."
"We are not in a state of competition anymore; we're in a state of hyper-competition. So people are desperately
looking for handles -- functional features, emotional appeals -- that will draw people to their product. We should
think of owning a word or a phrase that helps to build customer retention and loyalty. Look at how we buy the
Mercedes because it's the best engineered car. We buy a BMW because it's the best driving performance. We
buy the Volvo because it's the safest automobile. A lot of these companies lose that edge too, but they don't lose
the impression."
"The worst thing is that if something works, your competitors are going to clone it and before you know it anything
that you had as a differentiator is imitated by the others. So you're in the business of constant innovation.
Constantly asking yourself, 'Three years from now, what will our differentiator be?'
"I had the CEO of a large company approach me and ask me to sign a copy of my book, which I always do, but
this was a first edition from 1967. I looked at the book and I said I won't sign it. 'Why not?' he asked. I said, 'That
book is from before there was the Internet. It has very little on branding, so I think it's useless.' At which point he
said to me, 'Are you trying to sell me a new copy?' And I said, 'Yes, but it's not for my benefit-- I don't need the
money." Markets change, so marketing has to change."
5. Make it an experience
"Once in a while we find someone having a whole new approach to a mature market. Starbucks is a very good
example where coffee is coffee but they decided to sell it differently, put a higher price, make it good-tasting and
make it an experience rather than just some coffee. In fact, I've heard that if Starbucks closed its shops, a lot of
people would go crazy. They are in such a habit of going to the Starbucks before work, taking the coffee, and
they'd become desperate otherwise.
"There's a big movement to say, 'we're not just adding services to our business and our product, we're actually
trying to design an experience.' You'll see that language being used. We're in the experience design business."