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1 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Dr. Dawne Martin MKTG 550 – Business Marketing November 13, 2012.

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Presentation on theme: "1 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Dr. Dawne Martin MKTG 550 – Business Marketing November 13, 2012."— Presentation transcript:

1 1 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Dr. Dawne Martin MKTG 550 – Business Marketing November 13, 2012

2  Your example?  http://econsultancy.com/us/blog/11068-how-do-b2b- companies-use-social-media-infographic9jzC9jzC SQ&featurelated  http://socialmediab2b.com/2010/09/b2b-social-media-case- studies-examples/  http://socialmediainfluence.com/2010/09/14/ups-launches- a-b2b-social-marketing-campaign/ http://socialmediainfluence.com/2010/09/14/ups-launches- a-b2b-social-marketing-campaign/  http://blog.thestarrconspiracy.com/truth/4-b2b-social-media- case-studies-worth-a-damn/ Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 2

3  In 2005, GE launched “Ecomagination” strategy  By 2011, the strategy had generated $85 million  Ecomagination website  http://www.ecomagination.com/ Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 3

4 65.3 33.7 29.4 23.6 58.7 32.1 29.2 $ B % of B2C sales % of B2B sales Legend: Source: Interbrand 2008 Coca Cola Micro -soft 57.1 IBM 51.6 GE Mc- Donald’s Nokia Toyota 30.9 Intel Mercedes- Benz Disney Exhibit 13-1 4 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

5 Differentiate Increase Sales Differentiate Marketing Create Preferences Brand Risk Reduction Information Efficiency Value Added Secure Future Business Create Brand Loyalty Command Price Premium Create Brand Image Exhibit 13-2 5 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

6 Company CollaboratorsCustomers General Public Exhibit 13-3 6 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

7 “A recognized brand name with positive customer perception has advantage at all stages of decision making”  Determine that a need exists  Determine product specifications  Acquire solution providers  Cull the bids/proposals to a short list  Evaluate the short list, or get revised proposals/bids 7 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

8 Publications Technical Support Trade shows/ Presentations Web Site/ Web Banners Brand Products and Services Networking Word of Mouth Proposals Customer Care Innovation, R&D Packaging Business cards Training Service & Delivery Sales Collateral Pre-Selection Ongoing Relationship & Referral Purchase & Usage Experience Publicity PR/ Advertising Sales Representative Product Performance Exhibit 13-5 8 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

9 “ A recognized brand name with positive customer perception has advantage at all stages of decision making”  Cut the short list to finalists  Presentations  Final evaluation and choice  Post purchase relationship 9 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

10  First with new technology  Being the best with Service  Innovating to meet the need 10 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

11 There will be imitators:  Market up — build relationships with management above the influencers to reinforce the decision process  Market down – build relationships with the lower level users of the product or service  Market sideways – build relationships in other parts of the organization to facilitate translation of current or future products within the customer organization 11 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

12 Ingredient- Producer Final Product Producer OEM Final User Sales-promotion to the B2B Customer Supply Supply-push Incentives to demand creation at the B2B customer Incentives to demand creation at the B2B customer Supply-push Incentives for demand creation at the final customer Incentives for demand creation at the final customer Supply Push Sales-promoting from the Ingredient supplier to the final customer Demand pull Incentives for the demand creation of a certain ingredient in the final product Demand Pull Kotler/Pfoertsch (2006 ) Exhibit 13-8 12 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

13  http://www.csx.com/?fuseaction=custo mers.main Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 13

14  Identify your target market and audiences  Identify a tagline or value proposition  Build a curriculum to build brand awareness, interest, knowledge and liking Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 14

15 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 15


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