Marketing Essentials: Strategy, Research & Insights
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Lesson 1: Introduction to Marketing
Nature of Marketing
Emphasizes achieving corporate goals through meeting customer needs.
Customer Value
Focuses on the balance between benefits and sacrifices.
Types of Value
Differentiates between price, performance, emotional, and relational value.
Customer Satisfaction and Loyalty
Importance of exceeding customer expectations.
Customer Relationship Management (CRM)
Utilizing CRM systems for better customer interaction.
Evolution of Marketing
From product-focused to technology and humanity-focused approaches.
Societal and Sustainable Marketing
Marketing that improves consumer and societal well-being.
Market Orientation
The difference between market-oriented and internally oriented businesses.