Why is marketing important

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Transcript of Why is marketing important

Winning the Elections

Charismatic Politician

Message for Hope

Modern Marketing Program

Marketing

Accounting

Operations

Finance

Financial Success depends on Marketing ability

Successful Marketing

Demand in Products

Many Companies now have a chief marketing officer (CMO) to put marketing on a more equal footing with other C-level executives such as the chief financial officer (CFO) or chief information officer (CIO).

What happens with negative publicity?

Brand will turn from Positive to Negative within a short time

Then they have to respond Swiftly and decisively

Example : Dominos

After a distasteful video wasposted online by two employees,Domino’s Pizza learned a valuablelesson about the power of socialmedia.

o 83% felt that marketing and sales capabilities were a top priority

oBut only 6% felt that they were doing an “extremely good” job

Make decisions in an Internet-fueled environment where

1. Consumers

2. Competition

3. Technology

4. Economic forces change rapidly.

eBay promoted its “Let’s Make a Daily Deal” holiday promotion by recreating the famous 1970s TV game show Let’s Make a Deal in Times Square,

Good marketers are always seeking new ways to satisfy customers and beat competition

Recap:

o Marketing is playing a key role in todays world

o Good marketing is no accident

o Financial success often depends onmarketing ability.

o Skillful marketing is a never-ending pursuit