© 2011 South-Western | Cengage Learning GOALS LESSON 2.1 IDENTIFY CUSTOMERS Describe why and how companies identify external customers Explain the importance.

Slides:



Advertisements
Similar presentations
Acquire foundational knowledge of marketing-information management to understand its nature and scope Marketing Indicator 1.05.
Advertisements

Text Books needed today – Read Pages
TARGET MARKET AND MARKET SEGMENTATION
Analyzing Marketing Environment
Business Plan – It isn't that hard!
© South-Western Educational Publishing Chapter 20 Personal Decision Making  Making Better Decisions  Spending Habits.
© South-Western Educational Publishing Chapter 20 Personal Decision Making  Making Better Decisions  Spending Habits.
Target Market. What is target marketing? Is a group of customers towards which a business has decided to aim its marketing efforts and ultimately its.
School Store Operations Chapter 1
$100 BEGINS WITH “P” IN THE “MIX” SELLING MARKETING CONCEPTS $200 $500 $400 $300 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400.
Identify and Meet a Market Need
The Market Concept.
Market Research and Product Development
WHO IS OUR TARGET MARKET? Write a brief description of our SBE’s target market. IMPLEMENTING AUTOMATED RETAIL: PEOPLE.
Today I will: Learn to analyze and segment a Target Market So I can: Differentiate between mass marketing and market segmentation I will know I’m successful.
Analyze the Needs of Customers How Market Segmentation Can Help an Entrepreneur analyze a Target Market.
SPORTS AND ENTERTAINMENT MARKETING
Marketing Planning Chapter 2 Mrs. Newbegin. The Marketing Plan SWOT Analysis – An assessment that can foster the business’ success and what could make.
© 2009 South-Western, Cengage LearningMARKETING 1 CHAPTER 19 Business Services Marketing Individual Series Event Scenario You must prepare a presentation.
IDENTIFY AND MEET A MARKET NEED
 A target market is a term for the individuals or companies that are interested in a product or service AND are willing to pay for it.  It is short-sighted.
© 2009 South-Western, Cengage LearningMARKETING 1 CHAPTER 8 Internet Marketing Management Team Decision Making Event Scenario You must develop a plan to.
IDENTIFY AND MEET A MARKET NEED
© 2009 South-Western, Cengage LearningMARKETING 1 CHAPTER 13 Quick Serve Restaurant Management Individual Series Event Description The Quick Serve Restaurant.
Identify and Meet a Market Need
© 2009 South-Western, Cengage LearningMARKETING 1 CHAPTER 14 Hospitality and Recreation Marketing Research Event Purpose The Hospitality and Recreation.
Basic Marketing Concepts. Objectives: 1. The Marketing Concept 2. The difference between customers and consumers 3. What a market is and how it can be.
Entrepreneurship: Ideas in Action 5e © 2011 Cengage Learning. All rights reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
Chapter 2 the marketing plan Section 2.1 Marketing Planning
The Consumer Market Marketing Segmentation QCC’s 57, 58.
Chapter 2, Section 1-2 Market Planning and Segmentation.
 First you must determine who they are  Study the market.
© 2009 South-Western, Cengage LearningMARKETING 1 CHAPTER 5 Retail Marketing Research Event Scenario You have been hired by a major home improvement chain.
Business Plans Obj Purpose & Use Describes a new business Uses: –To obtain financing Lenders need to know what you plan to do & how you plan.
© 2009 South-Western, Cengage LearningMARKETING 1 CHAPTER 2 Apparel and Accessories Marketing Series Event Scenario You have been asked by the CEO of the.
© 2009 South-Western, Cengage LearningMARKETING 1 CHAPTER 23 Restaurant and Food Service Management Individual Series Event Scenario The manager of the.
Audience / Market / Production Research
The Marketing Plan Chapter #2.
MARKET PLANNING SWOT Analysis Market Segmentation J SUTHERLAND HERRIMAN HIGH.
The Marketing Plan. SWOT Analysis Good marketing relies on good plans Planning efforts begin with a critical look at itself and its business environment.
Sports and Entertainment Marketing © Thomson/South-Western Chapter 1 Slide 1 WHAT IS MARKETING? Marketing Long definition – Planning and executing the.
Warm Up 1.Write the name of your favorite cereal on the front board : 2.On a piece of paper, answer a)Why is that cereal your favorite b)What is its advertisement.
© 2011 South-Western | Cengage Learning Global Marketing and Consumer Behavior Marketing Around the World The Marketing Mix and the Marketing.
© SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS LESSON16-1 GOALS  Describe the nature of markets.  Identify trends that influence global marketing opportunities.
Student Name: ______________. Small Businesses ___________ ________________________ Each business ________ reach _________customers and satisfy their.
MKT-MP-3.7 Market Segmentation. List all people in your family. How many: use deodorant use shampoo watch TV.
Primary & Secondary Markets IDENTIFY YOUR MARKET.
Advertising and Sales Promotion ©2013 Cengage Learning. All Rights Reserved. Chapter 3.
Chapter 20 Personal Decision Making
Lesson 7.  Design a direct mail campaign based on market segments to gather information about specific customers  Identify survey segments and their.
Research Your Market Know and understand market segmentation and target marketing elements.
March 22,  A specific group of consumers at which a business aims its products and services Example.
Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Social Responsibility Government Protection Activities 4-3.
Read to Learn Describe the kinds of market research a company may use. Identify the steps in developing a new product.
© 2011 South-Western | Cengage Learning GOALS LESSON 1.2 THE CUSTOMER’S VIEW Explain the importance of individual effort in serving customers Describe.
LOGO DESIGN AND BRANDING. WHAT IS YOUR DEMOGRAPHIC? Demographic: the qualities (such as age, sex, and income) of a specific group of people : a group.
Market Analysis…WHY?  Gather information about your industry  Identify prospective customers and their buying habits You can not fulfill the Marketing.
2.02 Discuss the concept of market identification.
Demographics and Target Markets. Demographic factors age, gender, income, education, occupation, household size, marital status, home ownership or other.
The Professional Personal Chef 1 Chapter 4 The Business Plan.
Lesson 1. Internal customers – colleagues who work with you and need you to do something Staff in other departments Colleagues in own department Other.
 Describe the environmental forces that affect the company’s ability to serve its customers  Explain how changes in the demographic and economic environments.
[name of your product] Presented by [TEAM Name] ___________ Date.
For each of the products listed below, describe who you feel is most likely to purchase the product. Be as descriptive as possible. Nike running shoes.
©2013 Cengage Learning. All Rights Reserved. Business Management, 13e Nature and Scope of Marketing Nature of Marketing Elements of.
Chapter 8: Marketing Marketing Concepts Place (Channels of Distribution) Channels of distribution are the paths of ownership that goods follow as they.
Entrepreneurship: Ideas in Action 5e © 2011 Cengage Learning. All rights reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
Target Market The target market is the group of customers that you are aiming at., the sort of people that you think will want to buy the product that.
What Is Marketing?.
Identifying your Market Need!
Presentation transcript:

© 2011 South-Western | Cengage Learning GOALS LESSON 2.1 IDENTIFY CUSTOMERS Describe why and how companies identify external customers Explain the importance of serving internal customers well

© 2011 South-Western | Cengage Learning CUSTOMER SERVICE, 2eLESSON SLIDE Customers External customers are the people who buy a company’s products or services. Internal customers are the people within an organization who rely on one another for the information and resources they need to perform their jobs.

© 2011 South-Western | Cengage Learning CUSTOMER SERVICE, 2eLESSON SLIDE External Customers Companies spend a great deal of time, effort and money to create descriptions of their external customers. By analyzing descriptions of customers, companies can Identify products customers need and want Identify prospects Target advertising

© 2011 South-Western | Cengage Learning CUSTOMER SERVICE, 2eLESSON SLIDE Demographics Age Gender Ethnic group Income level Family size Occupation Educational level

© 2011 South-Western | Cengage Learning CUSTOMER SERVICE, 2eLESSON SLIDE Database Information Computerized databases of customers can be used as starting points for analysis. Companies connect demographics with database information to learn about buying patterns.

© 2011 South-Western | Cengage Learning CUSTOMER SERVICE, 2eLESSON SLIDE Types of Internal Customers Restaurant Chef  Wait Staff TV News Anchor  Research Staff DoctorNurse Airline Pilot  Ticket Agent Customer Service Representative  Marketing Personnel

© 2011 South-Western | Cengage Learning CUSTOMER SERVICE, 2eLESSON SLIDE Help Internal Customers Do Their Job Ask internal customers what they need Honor commitments to internal customers

© 2011 South-Western | Cengage Learning CUSTOMER SERVICE, 2eLESSON SLIDE Service Level Agreements Service level agreements (SLAs) specify the services expected of each department and the time frames in which services are to be provided.