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What are the important
trends in marketing
practices?
By,
Anurag Kar
B.Tech. Student
Department of E and ECE
IIT Kharagpur
Based on Chapter 21: Managing a Holistic
Marketing Organisation for the Long Run
Of
Marketing Management: A South Asian
Perspective
By Kotler, Keller, Koshy and Jha
Consumers have become more
DISCRIMINATING.
This results is increase in
Competition.
As the general
awareness about
environmental
degradation
improves…
Marketers have to act
more responsibly.
Consumers have now
adopted the ideology
of…
LESS
is
MORE
Companies can’t
win by standing
still.
Balsara Hygiene
Failure by these
firms recently…
And the success
of these firms…
Show that consumers
want firms to invest in
improving their offerings
by finding new ideas.
Marketers must work
closely with…
Marketers must work
closely with…
Product
Development
R&D
Sales Force
Finance
Manufacturing
Logistics
To satisfy the customers
fully and to establish a
value creation mind set
in the organization.
Some important
shifts in
marketing and
business practices
are…
Reengineering
Appointing teams to customer
value building processes and
break down walls between
departments.
Buying more goods and
services from outside domestic
or foreign vendors.
Reengineering
Outsourcing
Studying “best practice
companies” to improve
performance.
Reengineering
Outsourcing
Benchmarking
Partnering with fewer but
better value adding suppliers.
Reengineering
Outsourcing
Benchmarking
Supplier
Partnering
Working more closely with
customers to add value to their
operations.
Reengineering
Outsourcing
Benchmarking
Supplier
PartneringCustomer
Partnering
Acquiring or merging with
firms in the same or
complementary industries to
gain economies of scale and
scope.
Reengineering
Outsourcing
Benchmarking
Supplier
PartneringCustomer
Partnering
Merging
Increasing efforts to “think
global” and “act local”.
Reengineering
Outsourcing
Benchmarking
Supplier
PartneringCustomer
Partnering
Merging
Globalizing
Reducing the number of
organizational levels to get
closer to the customer.
Reengineering
Outsourcing
Benchmarking
Supplier
PartneringCustomer
Partnering
Merging
Globalizing
Flattening
Reengineering
Outsourcing
Benchmarking
Supplier
PartneringCustomer
Partnering
Merging
Globalizing
Flattening
Focusing
Determining the most
profitable businesses and
customers and focusing on
them.
Reengineering
Outsourcing
Benchmarking
Supplier
PartneringCustomer
Partnering
Merging
Globalizing
Flattening
Focusing Justifying
Becoming more accountable
by measuring, analysing and
documenting the effects of
marketing actions.
Reengineering
Outsourcing
Benchmarking
Supplier
PartneringCustomer
Partnering
Merging
Globalizing
Flattening
Focusing Justifying Accelerating
Designing the organization
and setting up processes to
respond more quickly to
changes in the environment.
Reengineering
Outsourcing
Benchmarking
Supplier
PartneringCustomer
Partnering
Merging
Globalizing
Flattening
Focusing Justifying Accelerating
Empowering
Encouraging and empowering
personnel to produce more
ideas and take more initiative.
Reengineering
Outsourcing
Benchmarking
Supplier
PartneringCustomer
Partnering
Merging
Globalizing
Flattening
Focusing Justifying Accelerating
EmpoweringBroadening
Factoring the interests of
customers, employees,
shareholders, and other
stakeholders into the activities
of the enterprise.
Reengineering
Outsourcing
Benchmarking
Supplier
PartneringCustomer
Partnering
Merging
Globalizing
Flattening
Focusing Justifying Accelerating
EmpoweringBroadeningMonitoring
Tracking what is said online
and studying customers,
competitors, to improve
business practice.
Reengineering
Outsourcing
Benchmarking
Supplier
PartneringCustomer
Partnering
Merging
Globalizing
Flattening
Focusing Justifying Accelerating
EmpoweringBroadeningMonitoring
Thank You!
Credits
Pictures Sourced from:
www.flickr.com
www.pinterest.com
http://commons.wikimedia.org
www.theguardian.com
www.imgur.com
Fonts Sourced from:
www.fontsquirrel.com
Based on “Marketing Management: A South Asian Perspective”
By Kohler, Kelter, Koshy and Jha

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