Question
Read the Designing a Customer Value-Driven Marketing Strategy and Plan section of your textbook on pages 10-13, with a focus on the various ways companies
Read the "Designing a Customer Value-Driven Marketing Strategy and Plan" section of your textbook on pages 10-13, with a focus on the various ways companies can create customer value through the five (5) different marketing management orientations.
1. Apply the Marketing Management Orientations to your experience/knowledge of a restaurant. Identify the restaurant, then discuss how each marketing management orientation could be applied at this company. For each type of marketing management orientation, list at least 3-6 areas areas of focus or ideas that would illustrate the use of each marketing management orientation, and describe how value is created through this marketing management orientation.
2. Discuss which of the marketing management orientations do you think the restaurant that you selected actually uses today?
Use the Canvas online text submission or upload a Word document or PDF to submit your work. A completed example of this assignment is below for reference.
Marketing Management Orientations | Apply to Restaurant: _______________________ |
Production Concept | |
Product Concept | |
Selling Concept | |
Marketing Concept | |
Societal Marketing Concept |
Objective: Demonstrate understanding and application of the Marketing Management Orientations, which will later help you understand how successful companies use the marketing mix variables. This exercise allows students to apply concepts to their own experiences.
EXAMPLE
Marketing Management Orientations | Apply to Restaurant: McDonald's |
Production Concept |
Your explanation of why your bullet points demonstrate the Production concept. |
Product Concept |
Your explanation of why your bullet points demonstrate the Production concept. |
Selling Concept |
Your explanation of why your bullet points demonstrate the Production concept. |
Marketing Concept |
Your explanation of why your bullet points demonstrate the Production concept. |
Societal Marketing Concept |
Your explanation of why your bullet points demonstrate the Production concept. |
2. McDonald's takes a Market Concept approach because...
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