University Marketing Concepts and Internal Relations Presentation
VerifiedAdded on 2023/05/31
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Presentation
AI Summary
This presentation delves into the core concepts of marketing and its intricate relationship with internal organizational functions. It elucidates the vital role of marketing, demonstrating its interconnections with other units within an organization. The presentation showcases various marketing concepts and illustrates how companies can leverage them to establish and strengthen their core competencies in the market. Key aspects include the marketing function's role in attracting clients, customizing services and goods, developing data-driven strategies, fostering business growth, and implementing marketing functions. The presentation also examines Wesfarmers' marketing functions and processes, including market demand identification, customization, strategic planning, marketing mix development, and the implementation of cost leadership and product differentiation strategies. Furthermore, it addresses the role and responsibilities of a marketing manager in aligning organizational growth with client satisfaction, strengthening customer relations, and adapting marketing processes to meet client needs. The presentation concludes with recommendations for enhancing marketing strategies, including adjusting the marketing mix, implementing strategies to strengthen business outcomes, and leveraging automation to fortify brand image. The presentation uses several research papers to support its claims.
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