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Marketing by Mind Map: Marketing

1. Marketers and Demand

1.1. Negative demand

1.2. Nonexistent demand

1.3. Latent demand

1.4. Declining demand

1.5. Irregular demand

1.6. Full demand

1.7. Overfull demand

1.8. Unwholesome demand

2. Market

2.1. Government markets

2.2. Consumer Markets

2.3. Manufacturer Markets

2.4. Resource Markets

2.5. Intermediary Markets

3. Metamarket

4. Metamarket

5. Marketspace

6. Marketing Management Philisophies

6.1. Production Concept

6.2. Product Concept

6.3. Selling Concept

6.4. Marketing Concept

6.5. Societal Marketing Concept

6.6. The Holistic Marketing Concept

6.6.1. Relationship marketing

6.6.1.1. Four key constituents for relationship marketing

6.6.1.1.1. Customers

6.6.1.1.2. Employees

6.6.1.1.3. Marketing partners

6.6.1.1.4. Members of the financial community

6.6.1.2. Ultimate outcome of relationship marketing is a unique company asset

6.6.1.2.1. Marketing network

6.6.2. Integrated Marketing

6.6.2.1. consistent brand message

6.6.2.2. integrated channel strategy

6.6.2.3. trade-off between having too many channels and too low

6.6.3. Internal Marketing

6.6.3.1. hiring

6.6.3.2. training

6.6.3.3. motivating

6.6.3.4. vertical alignment with senior management and horizontal alignment with other departments

6.6.4. Performance Marketing

7. Key Customer Markets

7.1. Consumer Markets

7.2. Business Markets

7.3. Global Markets

7.4. Nonprofit and Governmental Markets

8. Functions of Marketing

8.1. Product Management

8.2. Selling

8.3. Pricing

8.4. Financing

8.5. Marketing Information Management

8.6. Promotion

8.7. Distribution

9. Core Marketing Concepts

9.1. Needs, Wants and Demands

9.1.1. Needs

9.1.1.1. Stated needs

9.1.1.2. Real needs

9.1.1.3. Unstated needs

9.1.1.4. Delight needs

9.1.1.5. Secret needs

9.1.2. Wants

9.1.3. Demands

9.1.3.1. Ability to pay

9.1.3.2. Willingness

9.2. Marketing Mix

9.3. STP Analysis

10. Promotion

10.1. Customer equity

10.1.1. Value equity

10.1.2. Brand equity

10.1.3. Retention equity

10.2. Marketing Communication Mix / Promotion mix

10.2.1. Advertising

10.2.2. Sales promotion

10.2.3. Events and experiences

10.2.4. Public relations and publicity

10.2.5. Direct marketing

10.2.6. Interactive marketing

10.2.7. Word-of-mouth marketing

10.2.8. Personal selling

10.3. Promotion strategy

10.3.1. Push strategy

10.3.2. Pull strategy

10.4. Developing Effective Communications

10.4.1. Identify the target audience

10.4.1.1. Target market

10.4.1.2. Target audience

10.4.1.3. Target personas

10.4.2. Determine the Communications Objectives

10.4.2.1. Category Need

10.4.2.2. Brand Awareness

10.4.2.3. Brand Attitude

10.4.2.4. Brand Purchase Intention

10.4.3. Design the Communications

10.4.3.1. Message Strategy

10.4.3.2. Creative Strategy

10.4.3.2.1. Informational appeals

10.4.3.2.2. Transformational appeals

10.4.3.3. Message Source

10.4.3.3.1. Sources of credibility

10.4.3.3.2. Principle of congruity

10.4.4. Select the Communications Channels

10.4.4.1. Personal

10.4.4.2. Non-personal (Mass)

10.4.5. Establish The Total Marketing Communications Budget

10.4.5.1. Affodable

10.4.5.2. Percentage-of-sales method

10.4.6. Decide on the Communications Mix

10.4.6.1. type of product market

10.4.6.1.1. consumer

10.4.6.1.2. business

10.4.6.2. buyer readiness to make a purchase

10.4.6.2.1. buyer readiness stages

10.4.6.3. stage in the product life cycle

10.4.7. Measuring Communication Results

10.4.8. Managing the Integrated Marketing Communications Process

11. Place

11.1. Consumer Marketing Channels

11.2. Industrial Marketing Channels

11.3. Channel member functions

11.4. Importance of Marketing Channels

11.5. Factors Influencing Channel Choice

11.5.1. Target market coverage

11.5.1.1. Exclusive distribution

11.5.1.2. Selective distribution

11.5.1.3. Intensive distribution

11.5.2. Fulfillment of buyer requirements

11.5.3. Product related factors

11.5.3.1. Unit value

11.5.3.2. Perishability

11.5.3.3. Bulk and weight

11.5.3.4. Technical nature

11.5.3.5. Standardization

11.5.3.6. Life-cycle stage

11.5.4. Profitability

11.6. Channel Conflicts

11.6.1. Vertical Level Conflict

11.6.2. Horizontal Level Conflict

11.6.3. Multi-Channel Level Conflict

11.6.4. Inter-Type Channel Conflict

11.7. Managing Channel Conflicts

11.7.1. Minimum advertised price

11.7.2. Reduce your distribution channels

11.7.3. Control Your Supply Chain

11.7.4. Strengthen Your Brand by Offering Exclusive Products

12. New Product Developement

12.1. New Product Defined

12.1.1. New-to-the-World-Products

12.1.2. New-to-the-Firm-Products

12.1.3. Additions to Existing Product Lines

12.1.4. Improvements and Revisions to Existing Products

12.1.5. Repositioned Products

12.2. Customer Perceptions of Newness

12.2.1. Discontinuous Innovation

12.2.2. Continuous Innovation

12.2.3. Dynamically Continuous Innovation

12.3. Rewards of Developing New Products

12.3.1. Enhanced Efficiency

12.3.2. Competitive Advantage

12.3.3. Market Expansion

12.3.4. Increased Revenue

12.3.5. Adaptation to Changes

12.3.6. Improved Customer Satisfaction

12.3.7. Attracting Talent and Investment

12.3.8. Building Brand Reputation

12.4. Risks of developing new products

12.4.1. Market Risk

12.4.2. Technical Risk

12.4.3. Financial Risk

12.4.4. Competitive Risk

12.4.5. Operational Risk

12.4.6. Regulatory and Compliance Risk

12.4.7. Timing Risk

12.4.8. User Adoption Risk

12.4.9. Supply Chain Risk

12.4.10. Innovation Risk

12.5. The new product development process

12.5.1. 1 - Idea Generation

12.5.2. 2 - Idea Screening

12.5.2.1. Market Demand

12.5.2.2. Technical Feasibility

12.5.2.2.1. Technical Viability

12.5.2.2.2. Development Costs

12.5.2.2.3. Production Capabilities

12.5.2.3. Profitability

12.5.2.3.1. Pricing Strategy

12.5.2.3.2. Cost-Benefit Analysis

12.5.2.4. Strategic Fit

12.5.2.4.1. Alignment with Business Goals

12.5.2.4.2. Brand Compatibility

12.5.2.5. Competitive Advantage

12.5.2.5.1. Differentiation

12.5.2.5.2. Barriers to Entry

12.5.2.6. Regulatory and Legal Compliance

12.5.2.6.1. Compliance Requirements

12.5.2.6.2. Intellectual Property

12.5.2.7. Scalability

12.5.2.7.1. Scalability

12.5.2.7.2. Adaptability

12.5.2.8. Time to Market

12.5.2.8.1. Speed of Development

12.5.2.8.2. Market Timing

12.5.2.9. Common methods used in idea screening

12.5.2.9.1. Weighted Scoring Model

12.5.2.9.2. SWOT Analysis

12.5.2.9.3. Feasibility Analysis

12.5.2.9.4. Market Research

12.5.2.9.5. Business Model Canvas

12.5.2.9.6. The Delphi Method

12.5.2.9.7. Prototype Testing

12.5.2.9.8. Idea Portfolio Management

12.5.2.9.9. Scenarios and Future Backcasting

12.5.2.9.10. Pugh Matrix (Decision Matrix)

12.5.3. 3 - Concept Development & Testing

12.5.3.1. product idea

12.5.3.2. product concept

12.5.4. 4 - Marketing Strategy Development

12.5.5. 5 - Business Analysis

12.5.5.1. Payback

12.5.5.2. Break-even analysis

12.5.6. 6 - Product Development

12.5.6.1. Quality Function Deployment (QFD)

12.5.6.1.1. customer attributes (CAs)

12.5.6.1.2. engineering attributes (EAs)

12.5.7. 7 - Market Testing

12.5.7.1. Consumer-products tests (variables estimated - trial, first repeat, adoption, and purchase frequency)

12.5.7.1.1. Simulated Test Marketing

12.5.7.1.2. Sales-Wave Research

12.5.7.1.3. Controlled Test Marketing

12.5.7.1.4. Test Markets

12.5.7.2. BUSINESS-GOODS MARKET TESTING

12.5.7.2.1. Alpha testing

12.5.7.2.2. beta testing

12.5.8. 8 - Commercialization

12.5.8.1. WHEN (TIMING)

12.5.8.1.1. First entry

12.5.8.1.2. Parallel entry

12.5.8.1.3. Late entry

12.5.8.2. WHERE (GEOGRAPHIC STRATEGY)

12.5.8.2.1. Small companies

12.5.8.2.2. Large companies

12.5.8.2.3. Companies with national distribution networks

12.5.8.3. TO WHOM (TARGET-MARKET PROSPECTS)

12.5.8.3.1. Adopter Categorization

12.5.8.3.2. Adopters and Stages in product lifecycle

12.5.8.4. HOW (INTRODUCTORY MARKET STRATEGY)

13. Product

13.1. Product Levels

13.1.1. Core Product

13.1.2. Generic/Basic Product

13.1.3. Expected Product

13.1.4. Augmented Product

13.1.5. Potential Product

13.2. Type of Consumer Product

13.2.1. Convenience

13.2.2. Shopping

13.2.3. Speciality

13.2.4. Unsought

13.3. Individual Product Decisions

13.3.1. Product Attributes

13.3.1.1. Product Quality

13.3.1.2. Product Features

13.3.1.3. Product Style & Design

13.3.2. Branding

13.3.2.1. Brand identity

13.3.2.2. Branding

13.3.2.3. Brand

13.3.2.4. Brand Equity

13.3.2.4.1. Brand quality

13.3.2.4.2. Brand awareness

13.3.2.4.3. Brand association

13.3.2.4.4. Brand loyalty

13.3.3. Packaging

13.3.3.1. Types

13.3.3.1.1. Primary package

13.3.3.1.2. Secondary package

13.3.3.1.3. Tertiary package

13.3.3.2. Includes

13.3.3.2.1. materials used

13.3.3.2.2. design

13.3.3.2.3. printing

13.3.3.2.4. assembly

13.3.3.3. Firms may change their packaging

13.3.3.3.1. as a subtle reminder to reposition the product

13.3.3.3.2. to attract a new market

13.3.3.3.3. to appear more up-to-date in its current market

13.3.3.3.4. to encourage consumers to feel they are receiving something tangible in return for paying higher prices

13.3.4. Labeling

13.3.5. Product Support Services

13.4. Product items, Product lines and Product mixes

13.4.1. Product item

13.4.1.1. Product depth

13.4.2. Product line

13.4.2.1. Product line length

13.4.2.2. Product line depth

13.4.3. Product mix

13.4.3.1. Product mix length

13.4.3.2. Product mix width

13.4.4. Advantages

13.4.5. Disadvantages

13.5. Product Lifecycle

13.5.1. Introduction Stage

13.5.2. Growth Stage

13.5.3. Maturity Stage

13.5.4. Declining Stage

14. Price

14.1. Elements of Pricing

14.1.1. Price as an Indicator of Value

14.1.2. Price in the Marketing Mix

14.1.3. The Profit Equation

14.2. The 5 Critical Cs of Pricing

14.2.1. Company Objectives

14.2.1.1. Profit-oriented

14.2.1.2. Sales-oriented

14.2.1.3. Competitor-oriented

14.2.1.4. Customer-oriented

14.2.2. Customer Demand

14.2.2.1. Elastic Vs Inelastic Demand

14.2.2.2. Factors affecting the elasticity of demand

14.2.2.2.1. Relative need for the product

14.2.2.2.2. Availability of substitute goods

14.2.2.2.3. Impact of income

14.2.2.2.4. Time under consideration

14.2.2.2.5. Perishability of the product

14.2.2.2.6. Addiction

14.2.3. Cost

14.2.3.1. Variable Costs

14.2.3.2. Fixed Costs

14.2.3.3. Total Cost

14.2.3.4. Break Even Analysis

14.2.3.4.1. Break even price

14.2.3.4.2. Break even quantity

14.2.3.4.3. Break even point formula

14.2.3.4.4. Break even sales formula

14.2.3.4.5. Margin of safety

14.2.3.4.6. Importance of BEP

14.2.4. Competition

14.2.4.1. Perfect competition

14.2.4.2. Monopolistic competition

14.2.4.3. Oligopoly

14.2.4.4. Monopoly

14.2.5. Channel Members

14.2.5.1. Intermediaries

14.2.5.1.1. Retailers

14.2.5.1.2. Wholesalers

14.2.5.1.3. Agents/Brokers

14.2.5.2. Grey market

14.3. Process of setting prices

14.3.1. Determine Pricing Objective

14.3.2. Estimate Demand

14.3.3. Estimate Cost

14.3.4. Analyse the External Environment

14.3.5. Set Pricing Strategies or Tactics

14.3.5.1. Cost-based

14.3.5.2. Competitor-based

14.3.5.3. Value-based

14.3.5.4. New products

14.3.5.4.1. Price Skimming

14.3.5.4.2. Market Penetration Pricing

14.3.5.4.3. Break-Even Pricing

14.3.5.5. Existing products

14.3.5.5.1. Product line pricing

14.3.5.5.2. Captive product pricing

14.3.5.5.3. Bundle pricing

14.3.5.5.4. Psychological pricing

14.3.5.5.5. Economy pricing

14.3.5.5.6. Predatory pricing

15. STP Analysis

16. Marketing Environment Analysis