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Orientation of marketing
The strength and weakness of market orientation
Orientation of marketing
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Introduction
The marketing and sales idea concerns long time ago while in the today’s setups of the companies and organizations, the customer is everything. In the past era, many businesses and organizations concerns others than the customer. The current essay evolves the factors that manufacturing businesses need to have the orientations to market around the target area. Four types of orientations are being expressed in the manufacturing organizations which are described below:
1. Production Orientation
The purpose of the business is to eliminate the cost of the production particularly in the bulk production. The concerns personnel around the business oriented do have concerns that economies of the scale by mass production will maximise the profits and reduce costs. They need to avoid the processes for the production efficiency that lowers the quality of the product. To maximise the quality of production will increase the product’s appeal to the customers.
2. Product Orientation
The product orientation firm believes that high quality product and superioe features make the product functional. These manufacturing organizations believes that as the quality of the product is superior and hence the customers like the
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As customer is the core focus of the marketing and all activities depend on the customers. The organization aims to understand the needs of the customers, then develop the strategy of the marketing of the specific goods and this strategy is from development of the product to sales of the product. After the sales has begun, a market suvey will be conducted in order to understand the feedback of the product and then it would be known that further changes need to have for further development. Since there is a lot of competition in the manufacturing business in the market, so the process of development of products is ongoing and changes in the already manufactured goods are required
A characteristic of the marketing concept is customer orientation. Business activities are mostly engaged to produce a satisfied customer. They are there to Stress on the desires and wishes of a customer this keeps businesses on track with their target market. The best marketing decisions are completed on the foundation of making a massive impact in the market and towards customers. The consumers/people
Marketing In this day and age is vital for a company to perform at its possible best. Marketing’s main focus is to give great satisfaction to a customer. There are many aspect of marketing, these aspects give marketer’s the tools to help strive for the best possible success they can achieve. They hope that they can create exposure for their brand, product or service.
The business world is becoming more and more heated up as a result of the ever increasing levels of competition. Each and every industry is witnessing an alarming rate in the number of competitors that exist within it. This is further fueled by the increasing world population, which brings about the speculations that the future of the market is rather bright. It is interesting as to how many things are nowadays done based on speculations and future expectations. In the turmoil of it all, marketing has been established as a very effective tool used by various firms to gain competitive advantage over others. As such, each organization has been able to develop its own marketing strategy based on the various things that affect the industry and the nature of business undertaken. Theories and practical research are two major items that form the basis of development of marketing strategies. Rolls-Royce is one of the many organizations that have been in big business for a long time. As such, the company has been able to identify major areas of strength and weakness when it comes to marketing.
Ownership and control of production ; vertically integrated manufacturing operation to enable its constant introducing of new items and also ensure short lead time
Expanding product portfolio leads to the share of benefits with the company’s customer base which also stimulates formulation of appeal to the wide Chinese market. According to Newman (1992), the secret behind this is to try out product creating resources, management and engineering to potential customers which will maintain them in terms of their usage, wants and needs in the process of product development.
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.
Marketing is very important to the success of a business. Before people can buy a product or service they have to know about it. However, marketing entails more than just letting people know what your company has to offer. Throughout this paper, I will define marketing, offering my personal definition as well as more formal definitions from other sources. Furthermore, I will explain to the reader the importance of marketing to organizational success giving real world examples in support of this explanation. The field of marketing can include many things. I believe, however, the most important thing which it should include is communication with customers as to the value and benefits of using that particular company's products and services. It should help to establish the business's niche in the industry and distinguish it from other such businesses.
In The customers there are rich and poor people. The company aim to produce to their products to all kind of people with in a low cost, and in the formation of the products the cost reduction is also very important. Reducing unnecessary cost will lower the
For a marketing orientated business, the findings from any research will be put to use primarily to aid the business in satisfying the needs and wants of its customers; this type of business has become more popular since 1970, where prior to this business’ were production orientated (until the 1950’s) where the business was concerned with improving its distribution methods, and product orientated (until the 1960’s) where the business’ main concern was the product rather than the satisfaction of the customer. The idea of a marketing orientated business has been explored by Fahy and Jobber (2012) who concurred that a market orientated business is one that considers its customers and the external environment to be an intricate part of the business; This type of business will explore the different aspects of the external environment, and take from its observations ways in which it can continue to trade in an effective, profitable way. A marketing orientated business will also use its findings to help it take advantage of any opportunities in a market and to lessen any threats that could be...
With the rise of the economy, consumers have become more and more knowledgeable on selecting their favourable product as a result the organization cannot focus on what it sells but on the side focus on what the customer wants to buy.
Shafer et al (1990) stated that a successful and favourable system can help enhance the manufacturing marketing in many ways and some the ways are as stated below:
The ability of the management in positioning and establishing the product is a success in any company that operates for marketing and profit acquisition. Furthermore, the ability of the company and its management to complete and maintain a competitive edge among its competitor throughout the product differentiation is another basis to say that is successful. Also, innovation and the constant development on the product lines and the growing number of customers also define the corporate standing of a company. Effective branding strategy and strong brand name are an important part of the profitable business. But, all the strategies and all marketing theories can be worth nothing without the compliance of the desires of consumers.
According to this, it is obvious that the objective of marketing is to satisfy demand of customers by those ‘individual and organizational activities’ like promotion or pricing of goods, which are all just means to achieve that. Additionally, organizations could stand out from their competitors once they meet the needs of customers better than others. Thus, it can be said that the successful marketing is to provide competitive advantages for organizations by doing better in satisfying customers’ desires through products and other marketing activities.
According to David Jobber (1995), marketing- oriented organization endeavor to create customer value with a specific end goal of attracting and retaining customers. Their main aim is to deliver better esteem to their targeted customers. In doing as such, they actualize the advertising idea by meeting and exceeding customer’s needs better than the competitions.
To ensure production of quality products.