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Four main components of holistic marketing
Holistic marketing concept
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Kotler and Keller describe holistic marketing as acknowledging “that everything matters in marketing – and that a broad, integrated perspective is often necessary.” (Kotler and Keller, pg 18) In other words, this type of marketing is looking at more than the product or the customers. It looks at more than selling how prices and marketplaces. Holistic marketing blends all of these things along with non-traditional views such as environmental impact, ethics, community building, partner relationships, employees, internal communications and much more. MarketingProfs suggests that “For a truly holistic approach, you not only have to look at the whole picture but also involve the whole organization” (MarketingProfs.com, 2014) There are 4 core dimensions that make up holistic marketing. They are: Internal marketing, Performance marketing, Integrated marketing and Relationship marketing.
Provide an overview of the core dimensions associated with holistic marketing
There are 4 core dimensions associated with holistic marketing. Each of these core dimensions provides its own insights into diff...
Cravens, D. W., & Piercy, N. F. (2009). Strategic marketing (9th ed.). New York, NY: McGraw-Hill Company.
Armstrong, Gary, and Philip Kotler. Marketing: an introduction. 11th ed. Upper Saddle River, NJ: Pearson Prentice Hall, 2013. Print.
There are so many marketing techniques that companies use in today’s world. There are also many competitions that companies face because of the advancement of marketing and different kind of brands. Old spice does a great job advertising and campaigning by using classical conditioning. Old Spice is an American brand that males use for grooming, they do a great job marketing the product and presenting them to consumers. Classical conditioning is when theorists teach either animal or human certain behaviors passively through repetition. After the theorist teach the animals, the theorist measure and see what the response. One of the most important thing about classical conditioning is to see something repetitively, and learning how to behave. Old Spice uses classical conditioning to influence consumers’ attitude because it shows the commercials repetitively. Classical conditioning also involves unconditioned stimulus, conditioned stimulus, conditioned and unconditioned response. Old spice’s commercials have everything included. Response campaign was a huge success because it involved everyone; it included mass media such as TV, print and digital ads.
Holistic medicine is health care that contains all the aspects of one' s temperament to get the optimum state of welfare. It encompasses the method of trying into the wholeness of the person as well as biological process, physical, environmental, spiritual, life-style and social values. medical care includes just about all treatments and designation identified to attain balance in temperament. It upholds the responsibility of training one's self to realize the perfect over-all health and well being.
Marketing is a process of determining a consumer’s needs, devising a product or service to satisfy those needs, and trying to focus customers on the goods and services you are offering. Marketing is extremely important, and a fundamental building block for business growth. A marketing team is given the task of creating customer awareness through a variety of different marketing techniques. If a business does not pay close attention to their consumer demographic and needs, they will eventually fail over time. Two important aspects of marketing include acquiring new customers, and the preservation and growth of relationships with current customers. Marketing has always been viewed as a creative outlet, which encompassed advertising, distribution, and the selling of goods and services. Marketing staff will also try to anticipate what customers will want in the future, often being accomplished with market research. In summation, a good marketing plan should be able to create a favorable proposition or series of benefits that a customer can value through goods or services. The marketing mix is normally described as the strategic positioning of a product or service in the marketplace, using the specification of the four Ps. During the early 1960’s, Professor E. Jerome McCarthy of Harvard Business School stated that a marketing mix contains four elements. The four key points are product, pricing, promotion, and placement. It is recognized that all these aspects must be present to ensure a successful business model within a given industry. We will now take a thorough look at the four marketing mix points.
Kotler, P. & Keller, K.L., (2009), A Framework for Marketing Management. 4th edition, Pearson Prentice Hall: USA
A marketer doesn’t just have a plan. Marketers now open up to a wider strategic plan and it’s based on steps that balance out what the market is offering consumers. These marketers must analyze their production with these steps, then make a portfolio of the growth and even their down falls therefore this keeps these marketers to continuously innovate and create even a greater amount of value for their customers. Marketing management functions are discussed along with the marketing mix and strategy.
Cravens, D. W., & Piercy, N. F. (2009). Strategic marketing (9th ed.). New York, NY: McGraw-Hill.
Marketing is a fundamental aspect of all businesses, whether they are set out to make a profit, or charitable organisations - they will have to carry out marketing research of some description. It has been described as being, “the management process responsible for identifying, anticipating and satisfying customer requirements profitably.” (Chartered Institute of Marketing) This essay will explore the role of marketing in a marketing oriented business and different aspects of the external environment that a smartphone company should be aware of. The points raised throughout will be supported using relevant journals, textbooks and newspaper articles.
Too often, a marketing function is misunderstood, because many people do not understand what is meant by ‘Marketing’.
Holistic marketing also incorporates social responsibility marketing and understanding broader concerns and the ethical, environmental, legal, and social context of marketing activities and programs. The business will tend to adopt ethical behavior in its marketing strategy and will ensure that proper and true information will be provided to the concerned parties(Homburg, Stierl & Bornemann 2013).
A Holistic marketing strategy is developed by thinking about the business as a whole, the business place in the economy and society, and in the lives of its customers. The concept attempts to develop and maintain multiple perspectives on the company’s commercial activities (Business Dictionary, 2014). In today’s technology induced business world, marketers have to think beyond the older marketing concepts which are production concept, product concept, and selling concept. This paper will compare and contrast the earlier concepts with the holistic concept and give an example of a company that has adopted the holistic marketing approach and why they chose to do so.
Kotler, J., & Keller, K. (2012). A framework for marketing management. Essex: Pearson Education Ltd.
Kotler, P., & Keller, K. (2006). Defining marketing for the 21st century. In (Ed.), Marketing management (12 ed., pp.). Upper Saddle River, NJ: Pearson / Prentice Hall.
By definition, strategic marketing is a firm’s ability to concentrate a limited amount of resource on an opportunity that has deemed to have the highest potential to increase sales, thereby creating a sustainable competitive edge over rivals (Brooksbank & Taylor 2007). Fundamentally, each aspect of marketing has the potential to improve or affect the performance of other marketing facets. Hence, creating a proper coordination of a firm’s activities makes it possible to eliminate unnecessary activities that interfere with efficient profit maximization processes. Strategic marketing explores ways that each of the marketing processes will reinforce each other for the best output. More importantly, strategic marketing makes each department to work