Marketing Sample Notes
Marketing Sample Notes
Marketing Sample Notes
Introduction
Marketing is an important part of successful business operations for a wide range of
Organizations, including construction industries. Marketing techniques used in the
competitive field of construction may help companies create productive relationships with their
target audience. Construction companies in the construction industry work on construction
projects that last for a last a certain period, with specific objectives that must be met within that
established period. But before starting any project, the marketing area plays a fundamental role
in attracting potential customers to hire the construction company's services.
Construction enterprises are aware of the importance of involving marketing in their
management functions as a way to adapt themselves not only to the continuous changes in the
industry but also to satisfy their clients’ demands, while being competitive and
improving their business strategy.
I'm familiar with Kyaw Thar Engineering and Construction Group (KTECG), established
in 1992. Since Kyaw Thar Engineering and Construction Company Limited has steadily grown
into one of the nation’s most experienced providers and respected of construction services,
manufacturing, distribution, and sales. Kyaw Thar Engineering and Construction Group
(KTECG) 's approach to marketing has evolved over the years, and it can be best understood
through the lens of the marketing orientation.
I. Type of marketing orientations
There are five primary marketing orientations: product orientation, production
orientation, sales orientation, market orientation, and societal marketing orientation.
1. Production Orientation
This orientation is the oldest of the orientation in business. It holds that consumers will
prefer products that are widely available and inexpensive. Managers focusing on this concept
concentrate on achieving high production efficiency, low costs, and mass distribution. They
assume that consumers are primarily interested in product availability and low prices. This
orientation makes sense in developing countries, where consumers are more interested in
obtaining the product than in its features.
2. Product Orientation
This orientation holds that consumers will favor those products that offer the most
quality, performance, or innovative features. Managers focusing on this concept concentrate on
making superior products and improving them over time. They assume that buyers admire well-
made products and can appraise quality and performance. However, these managers are
sometimes caught up in a love affair with their product and do not realize what the market needs.
Management might commit the “better-mousetrap” fallacy, believing that a better mousetrap will
lead people to beat a path to its door.
3. Selling Orientation
This is another common business orientation. It holds that consumers and businesses, if
left alone, will ordinarily not buy enough of the selling company’s products. The organization
must, therefore, undertake an aggressive selling and promotion effort. This concept assumes that
consumers typically sho9w buyi8ng inertia or resistance and must be coaxed into buying. It also
assumes that the company has a whole battery of effective selling and promotional tools to
stimulate more buying. Most firms practice the selling concept when they have overcapacity.
Their aim is to sell what they make rather than make what the market wants.
4. Marketing Orientation
This is a business philosophy that challenges the above three business orientations. Its
central tenets crystallized in the 1950s. It holds that the key to achieving its organizational goals
(goals of the selling company) consists of the company being more effective than competitors in
creating, delivering, and communicating customer value to its selected target customers. The
marketing concept rests on four pillars: target market, customer needs, integrated marketing and
profitability.
The Marketing Orientation has evolved into a fifth and more refined company
orientation: Societal Marketing orientation. This orientation is more theoretical and will
undoubtedly influence future forms of marketing and selling approaches.
5. Societal Marketing Orientation
This orientation holds that the organization’s task is to determine the needs, wants, and
interests of target markets and to deliver the desired satisfactions more effectively and efficiently
than competitors. Additionally, it holds that this all must be done in a way that preserves or
enhances the consumer’s and the society’s well-being.
Marketing orientation represents the major change in today’s company orientation that
provides the foundation to achieve competitive advantage.
Let's explore how each of these orientations relates to Kyaw Thar Engineering and
Construction Group (KTECG) 's marketing approach, and then I will justify which one best
reflects the company's strategy.
1.Product Orientation: This orientation is characterized by a strong focus on product
innovation and quality. Kyaw Thar Engineering and Construction Group has a long history of
product-oriented marketing.
2. Production Orientation: This orientation is more concerned with efficient production and
cost minimization. it is not primarily a production-oriented company. The emphasis is more on
creating premium products and experiences, even if it means higher manufacturing costs.
3. Sales Orientation: A sales-oriented company focuses on aggressive selling and promotion to
maximize sales volume. They do engage in marketing and advertising campaigns to promote its
products, but it does so with a unique approach. Their marketing is not overly pushy or
aggressive. Instead, it relies on creating desire through product innovation and the appeal of its
brand.
4. Market Orientation: This orientation revolves around understanding and meeting customer
needs and wants. They have a strong market orientation. The company conducts extensive
market research to understand consumer preferences and trends. Their product and design are
well-designed with the end-user in mind, and the company often anticipates consumer needs
before they are fully articulated.
5. Societal Marketing Orientation: This orientation goes beyond customer satisfaction and
considers broader societal well-being. While the company emphasizes environmental
responsibility and sustainability in its marketing, critics argue that it could do more in terms of
repairability and resource conservation. Nevertheless, their efforts in this area indicate some
level of societal marketing orientation.
Justification: After considering the various marketing orientations, it's evident that Kyaw Thar
Engineering and Construction Group (KTECG) aligns most closely with a Market Orientation.
Here are the reasons why:
Customer-Centric Approach: Kyaw Thar Engineering and Construction Group (KTECG)
success is built on its ability to understand and meet customer needs.
Continuous Market Research: Kyaw Thar Engineering and Construction Group invests
significantly in market research to gather insights into consumer preferences, behaviors, and
emerging trends. This research informs product development and marketing strategies.
4. Remote Consultations
Offer virtual consultations and project presentations to clients. Use video conferencing
tools to walk clients through project plans and address their concerns.
6.Client Communication
Maintain open and frequent communication with clients to keep them updated on project
progress, any delays, and safety measures. Building strong client relationships is crucial during
uncertain times.
7. Cost-Efficiency
Emphasize cost-efficiency in your marketing efforts. Clients may be looking for ways to
save money, so demonstrate how your construction services can provide value without
compromising quality.
Remember that empathy, transparency, and a customer-centric approach are vital during
these challenging times. By addressing the concerns and needs of your clients while adapting to
the new realities of the construction industry, your organization can navigate the pandemic
successfully and emerge stronger on the other side.
Marketing is an ongoing process. Regularly review and refine your marketing strategies
based on feedback, performance data, and changes in the construction industry.
By adopting a marketing orientation and implementing these strategies, a construction
organization can effectively promote its services, attract clients, and build a strong reputation in
the industry. Remember that marketing is not just about attracting new clients but also about
retaining and satisfying existing ones, ultimately leading to sustainable growth and success.
marketing orientation for the construction organization
Its diverse construction portfolio and specialized divisions ensure that each project is
matched with appropriate resources and expertise. No matter how challenging a project or how
remote its location is, chances are KTEC Group can handle it.
KTECG brings an unmatched combination of manpower, knowledge, skill, experience,
and commitment to every project. Through technical skill, preconstruction know-how, and self-
performance capability, KTC anticipates project challenges, develops a solution that meets the
client’s objective and delivers award-winning projects.
Kyaw Thar Engineering and Construction Group (KTECG) is the most trusted turnkey
solution provider in Myanmar’s construction industry. Since its establishment in 1992, KTECG
has grown strength to strength steadily becoming one of the nation’s most experienced and
respected builders. The company’s projects are associated with high quality, high safety, and
timely delivery, from asphalt roads and ferry terminals to power stations and manufacturing
plants. Its diverse construction portfolio and specialized divisions ensure that each project is
matched with appropriate resources and expertise.
Kyaw Thar Engineering and Construction Group (KTECG) has achieved ISO 9001-2008
Certification for Construction and Provisioning of High-Rise building, Harbor Jetty, and Factory.
The company’s engineers are well qualified with many years of local and international
experience.
Today, KTECG is the unique choice of local and multinational, public and private sector
organizations operating in different geographical locations throughout Myanmar. Total E&P
Myanmar, Htoo Group of Companies, and many government agencies are among the company’s
proud customer list.
marketing orientation for construction organizations in Covid19 pandemic
Marketing orientation for construction organizations during the COVID-19 pandemic
requires adaptability, empathy, and a strategic approach to address the unique challenges posed
by the situation. Here are some key strategies and considerations for construction companies:
Digital Transformation: Accelerate your digital presence and capabilities. This includes
having an updated and user-friendly website, engaging in social media marketing, and using
digital tools for project management and client communication.
Content Marketing: Create valuable content that showcases your expertise and educates
your target audience. This could be in the form of blog posts, webinars, or videos. Focus on
addressing COVID-19-related concerns, such as safety measures on construction sites.
Safety Protocols: Highlight the safety measures your company is implementing to protect
both employees and clients during the pandemic. Transparency and assurance of safety can build
trust.
Flexible Payment Options: Given the economic uncertainty, consider offering flexible
payment options or financing plans to make projects more accessible to clients.
Client Communication: Maintain open and frequent communication with clients to keep
them updated on project progress, any delays, and safety measures. Building strong client
relationships is crucial during uncertain times.
Cost-Efficiency: Emphasize cost-efficiency in your marketing efforts. Clients may be
looking for ways to save money, so demonstrate how your construction services can provide
value without compromising quality.
Market Research: Continuously monitor market trends and the competitive landscape.
Being agile and adaptable in response to changing market conditions is key.
Employee Training and Safety: Ensure your employees are well-trained in safety
protocols and are knowledgeable about COVID-19 guidelines. Highlight your commitment to
employee safety in your marketing efforts.
Adapt to Remote Work: If possible, allow employees to work remotely when it doesn't
hinder project progress. Highlight how your organization has adapted to remote work while
maintaining productivity and quality.
Remember that empathy, transparency, and a customer-centric approach are vital during
these challenging times. By addressing the concerns and needs of your clients while adapting to
the new realities of the construction industry, your organization can navigate the pandemic
successfully and emerge stronger on the other side.
Determine what sets your construction company apart from competitors. Highlight
your unique strengths, whether it's expertise in a specific construction niche, innovative
techniques, or a commitment to sustainability.
Build a Strong Online Presence:
Develop a professional website that showcases your portfolio, services, and client
testimonials. Optimize it for search engines (SEO) to improve your online visibility.
Maintain active social media profiles to engage with potential clients and share
project updates, industry news, and informative content.
Content Marketing:
Create valuable content such as blog posts, videos, and infographics related to
construction trends, tips, and best practices. Share this content on your website and social
media channels to establish your expertise.
Attend industry events, join construction associations, and network with other
professionals in your field. Building relationships can lead to referrals and collaborations.
Online Advertising:
Consider using online advertising platforms such as Google Ads or social media
advertising to reach a wider audience. These platforms offer targeting options to reach
your ideal clients.
Email Marketing:
Build an email list of clients, prospects, and industry contacts. Use email
marketing campaigns to share updates, project successes, and industry insights.
Use data and analytics tools to measure the effectiveness of your marketing
efforts. Track website traffic, conversion rates, and the ROI of your marketing
campaigns. Adjust your strategies based on the results.
Segment your target audience based on factors like industry, project size, and
location.
Value Proposition:
Highlight what sets your construction company apart from competitors, such as
specialized skills, quality, or cost-effectiveness.
Branding:
Develop a strong and consistent brand identity that reflects your company's values
and quality.
Online Presence:
Optimize your website for search engines (SEO) to improve online visibility.
Content Marketing:
Create and share valuable content related to construction, such as blog posts, case
studies, and how-to guides.
Social Media:
Use social media platforms like LinkedIn, Instagram, and Twitter to engage with
potential clients and industry professionals.
Networking:
Attend industry events, conferences, and trade shows to connect with potential
clients, suppliers, and partners.
Referral Program:
Client Education:
Educate potential clients about the construction process, potential challenges, and
how your company can address them.
Data Analysis:
Adaptability:
Stay agile and adapt to changing market conditions and customer preferences.
Continuously seek feedback from clients and employees to refine your marketing
approach.
What philosophy should guide a company marketing and selling efforts? What relative
weights should be given to the interests of the organization, the customers, and society?
These interest often clash, however, an organization’s marketing and selling activities
should be carried out under a well-thought-out philosophy of efficiency, effectiveness,
and socially responsibility.
Five orientations (philosophical concepts to the marketplace have guided and continue to
guide organizational activities:
The Production Concept. This concept is the oldest of the concepts in business.
It holds that consumers will prefer products that are widely available and inexpensive.
Managers focusing on this concept concentrate on achieving high production efficiency,
low costs, and mass distribution. They assume that consumers are primarily interested in
product availability and low prices. This orientation makes sense in developing
countries, where consumers are more interested in obtaining the product than in its
features.
The Product Concept. This orientation holds that consumers will favor those
products that offer the most quality, performance, or innovative features. Managers
focusing on this concept concentrate on making superior products and improving them
over time. They assume that buyers admire well-made products and can appraise quality
and performance. However, these managers are sometimes caught up in a love affair
with their product and do not realize what the market needs. Management might commit
the “better-mousetrap” fallacy, believing that a better mousetrap will lead people to beat a
path to its door.
The Selling Concept. This is another common business orientation. It holds that
consumers and businesses, if left alone, will ordinarily not buy enough of the selling
company’s products. The organization must, therefore, undertake an aggressive selling
and promotion effort. This concept assumes that consumers typically sho9w buyi8ng
inertia or resistance and must be coaxed into buying. It also assumes that the company
has a whole battery of effective selling and promotional tools to stimulate more buying.
Most firms practice the selling concept when they have overcapacity. Their aim is to sell
what they make rather than make what the market wants.
The Marketing Concept. This is a business philosophy that challenges the
above three business orientations. Its central tenets crystallized in the 1950s. It holds
that the key to achieving its organizational goals (goals of the selling company) consists
of the company being more effective than competitors in creating, delivering, and
communicating customer value to its selected target customers. The marketing concept
rests on four pillars: target market, customer needs, integrated marketing and
profitability.
1. The Sales Concept focuses on the needs of the seller. The Marketing Concept
focuses on the needs of the buyer.
2. The Sales Concept is preoccupied with the seller’s need to convert his/her product
into cash. The Marketing Concept is preoccupied with the idea of satisfying the needs of
the customer by means of the product as a solution to the customer’s problem (needs).
The Marketing Concept has evolved into a fifth and more refined company
orientation: The Societal Marketing Concept. This concept is more theoretical and will
undoubtedly influence future forms of marketing and selling approaches.
The Societal Marketing Concept. This concept holds that the organization’s task
is to determine the needs, wants, and interests of target markets and to deliver the desired
satisfactions more effectively and efficiently than competitors (this is the original
Marketing Concept). Additionally, it holds that this all must be done in a way that
preserves or enhances the consumer’s and the society’s well-being.
This orientation arose as some questioned whether the Marketing Concept is an
appropriate philosophy in an age of environmental deterioration, resource shortages,
explosive population growth, world hunger and poverty, and neglected social services.
Are companies that do an excellent job of satisfying consumer wants necessarily acting in
the best long-run interests of consumers and society?
The marketing concept possibly sidesteps the potential conflicts among consumer
wants, consumer interests, and long-run societal welfare. Just consider:
The fast-food hamburger industry offers tasty but unhealthy food. The hamburgers have a
high-fat content, and the restaurants promote fries and pies, two products high in starch
and fat. The products are wrapped in convenient packaging, which leads to much waste.
In satisfying consumer wants, these restaurants may be hurting consumer health and
causing environmental problems.
I'm familiar with Coca-Cola, one of the world's most iconic and recognizable
beverage companies. Coca-Cola has a long history of marketing and has evolved its
marketing orientation over the years. In this essay, I will discuss how Coca-Cola's
marketing orientation has shifted from a production orientation to a market orientation,
and finally to a customer orientation. I will justify these shifts by examining Coca-Cola's
marketing strategies, market research efforts, and customer-centric initiatives.
Coca-Cola was founded in 1886 by John S. Pemberton, and in its early years, the
company had a production-oriented approach to marketing. This means that the company
primarily focused on efficiently producing its product, Coca-Cola syrup, without much
consideration for customer preferences or market demand. At that time, Coca-Cola was
marketed as a medicinal drink, and the focus was on the product's quality and
consistency.
One significant milestone in this shift was the introduction of the "Coca-Cola
Santa Claus" campaign in the 1930s, which portrayed Santa Claus enjoying a Coca-Cola
during the holiday season. This campaign not only associated Coca-Cola with a beloved
cultural figure but also tapped into the emotional aspects of consumer behavior. It marked
a departure from the pure product-centric approach and demonstrated an understanding of
the target audience's desires and aspirations.
The market orientation became even more evident with the introduction of "New
Coke" in 1985, albeit with mixed results. Coca-Cola's decision to reformulate its classic
product was based on extensive market research and consumer taste tests. While the
introduction of New Coke faced backlash from loyal customers, it highlighted Coca-
Cola's commitment to understanding and responding to consumer preferences.
Coca-Cola has also embraced digital marketing and social media to engage with
its customers directly. The company maintains a strong presence on platforms like
Facebook, Twitter, and Instagram, where it interacts with consumers, runs contests, and
shares user-generated content. This two-way communication allows Coca-Cola to gather
feedback, respond to customer inquiries, and tailor its marketing efforts to suit changing
preferences and trends.
Furthermore, Coca-Cola has expanded its product portfolio to offer a wide range
of beverage options, including low-calorie, reduced-sugar, and non-carbonated options,
in response to growing health-conscious consumer preferences. This diversification
demonstrates a commitment to meeting the diverse needs of its customers.
Market Orientation: The shift towards a market orientation was necessary to adapt to
changing consumer behaviors and preferences. Coca-Cola's willingness to reformulate its
flagship product based on consumer feedback (New Coke) demonstrated its commitment
to listening to the market.
For the purpose of this analysis, let's consider Apple Inc. as the organization to study.
Apple is a globally recognized technology company known for its innovative products
such as the iPhone, iPad, Mac, and Apple Watch.
Continuous Improvement:
Apple listens to customer feedback and uses it to make continuous improvements to their
products and services. They release regular software updates to address issues and
introduce new features based on user feedback. This iterative approach demonstrates their
dedication to meeting customer expectations.
Select an organization with which you are familiar. Which marketing orientation best
reflects that organizations approach to marketing? Justify your answer.(at least 5000
words)
ChatGPT
I'm happy to help you analyze the marketing orientation of a specific organization, but I'll
need you to provide the name of the organization you have in mind. Once you provide
me with the organization's name, I can offer an in-depth analysis of its marketing
orientation and provide justification for my assessment. Please provide the organization's
name, and I'll proceed with the analysis.
User
lotteria
ChatGPT
Lotteria is a well-known fast-food restaurant chain primarily based in South Korea and
Japan. Established in 1972, it has expanded internationally to several other countries,
including Vietnam, China, and Indonesia. To determine Lotteria's marketing orientation,
we'll assess its approach in the context of the three main marketing orientations:
production orientation, sales orientation, and market orientation.
Production Orientation:
A production-oriented company focuses primarily on producing high volumes of
products at low costs, with the assumption that consumers will buy them because they are
affordable and available. In the case of Lotteria, it does emphasize efficiency and
affordability, but it doesn't rely solely on these factors.
Justification: While Lotteria aims to provide cost-effective fast food, it also pays
considerable attention to product quality and menu innovation. They have a diverse menu
that includes unique items catering to local tastes, which indicates a customer-centric
approach rather than just mass production.
Sales Orientation:
A sales-oriented company emphasizes aggressive sales and promotion efforts to persuade
customers to buy its products. Profit generation is the main focus, often regardless of
customer needs or wants.
Justification: Lotteria does engage in marketing and promotional activities, but it does not
seem to rely solely on aggressive sales tactics. It's not primarily about pushing products
onto customers; rather, it's more about providing a satisfying dining experience and
catering to customer preferences.
Market Orientation:
A market-oriented company prioritizes understanding and meeting customer needs and
wants. It conducts market research, adapts products and services based on feedback, and
aims to build long-term customer relationships.
Justification: Lotteria's marketing orientation seems to align most closely with a market
orientation. Here's why:
a. Customer-Centric Approach: Lotteria has shown a commitment to understanding and
catering to local tastes and preferences. For instance, in different countries, they introduce
menu items that appeal to the local palate, which indicates a strong focus on customer
needs.
b. Menu Innovation: The company regularly introduces new menu items and limited-time
promotions, which suggests a willingness to adapt to changing customer preferences and
trends. This approach aligns with the market's demands.
Introduction
In the ever-evolving landscape of modern business, understanding an organization's
marketing orientation is crucial for evaluating its strategic approach to the market.
Marketing orientation is a strategic concept that defines how a company approaches its
customers and the market as a whole. There are three primary marketing orientations:
production orientation, sales orientation, and market orientation. In this assignment, we
will conduct an in-depth analysis of Makro Mart, an international chain of wholesale
stores, to determine which marketing orientation best reflects its approach to marketing.
This analysis will encompass various aspects of Makro Mart's business operations,
including its history, target audience, product offerings, customer relationships, and
promotional strategies. Through this examination, we will provide a comprehensive
justification for our assessment.
Background Information
Makro is a well-established international wholesale retail chain with a notable presence in
multiple countries. Founded in the Netherlands in 1968, it has since expanded its
operations to several regions, including Thailand, the Philippines, South America, and
South Africa. Makro's core business model revolves around providing bulk products to
businesses, including restaurants, retailers, and other enterprises. This approach caters to
the specific needs of business customers, and Makro operates large, warehouse-style
stores designed to facilitate bulk purchases.
1. Target Audience:
One of the primary indicators of an organization's marketing orientation is its target
audience. Makro Mart primarily serves businesses, including restaurants, retailers, and
other enterprises. This focus on businesses as its primary clientele aligns with a market
orientation. Market-oriented companies aim to understand and cater to the specific needs
of their target customers, and Makro's primary focus on business customers reflects this
approach.
2. Product Offerings:
Makro Mart offers a wide variety of products, including groceries, electronics, clothing,
and more, in bulk quantities. This extensive product range suggests a commitment to
meeting diverse customer needs, which is characteristic of a market orientation. Unlike
production-oriented companies that may limit product variety to streamline production,
Makro's approach is to provide a comprehensive selection of products that align with the
preferences and requirements of its business customers.
3. Customer Relationships:
Building and maintaining strong customer relationships is a hallmark of market
orientation. Makro Mart demonstrates a commitment to long-term customer relationships
by offering value-added services such as delivery and credit facilities. These services go
beyond mere transactions and contribute to the establishment of lasting partnerships with
business customers. This focus on relationship building aligns with the principles of a
market-oriented approach.
4. Market Research:
Market-oriented companies conduct extensive market research to understand customer
needs and preferences. Makro Mart continually assesses market demand and adjusts its
product offerings accordingly. They collaborate with suppliers to ensure they have the
right products in stock, demonstrating a commitment to staying responsive to changing
customer needs. This proactive approach to market research reflects a market orientation.
6. Promotional Strategies:
While Makro Mart does engage in sales and promotional activities, its main emphasis is
not solely on aggressive selling tactics. Unlike sales-oriented companies, Makro does not
rely on high-pressure sales tactics to persuade customers to buy. Instead, its promotional
efforts are geared towards informing business customers about its product offerings and
value-added services. This approach is more aligned with a market orientation, where the
emphasis is on providing value and meeting customer needs.
7. Sustainability Initiatives:
In some regions, Makro Mart has implemented sustainability and environmental
initiatives. This reflects a responsiveness to growing customer and societal concerns
about sustainability, further highlighting a market-oriented approach. Market-oriented
companies actively seek to align their offerings with customer values and preferences,
and sustainability is an important consideration for many customers today.