PRESENTATION OUTLINE
Today's marketplace is fundamentally different as a result of major societal forces that have resulted in many new company capabilities.
Use of Internet as a powerful information and sales channel
Tapping into social media to amplify their brand message.
Marketers can now facilitate and speed up external communication among customers.
Marketers can collect fuller and richer information about markets, customers, prospects and competitors.
Marketers can send ads,coupons, samples, and information to customers who have requested them or given the permission to send them.
Mobile marketing has made reaching the customers on a click of a button, possible!
Companies can make and sell individually differentiated goods.
Companies can improve purchasing, recruiting , training and internal and external communications.
Use of internet can facilitate and speed up internal communication among the employees.
Improved cost efficiency by skillful use of internet.
These are the forces that have created new opportunities and challenges and has changed marketing management significantly.