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REVA UNIVERSITY KATTIGENAHALLI, BANGLORE at REVA UNIVERSITY KATTIGENAHALLI, BANGLORE RAJESHWARAN BOOMINATHAN, Student at Alagappa University at ibaco ice cream 1. Business to Business Marketing Yogesh Baviskar 2. Subject Outline:- B2B Marketing1. Introduction to B2B Market2 Organizational Buying Behavior3 Relationship Management4 Segmenting the Business Market5 Managing Products New Innovations Management in B2B Market6 Managing Services in B2B Market7 Price Management in B2B Market8 Channel Management in B2B Market9 E-Commerce in B2B Market10 Business Marketing Communication11 Case Studies Further Discussion 4. Business to Business Marketing:- Definition:- Business Marketing would be the practice of an individual, or organizations, including commercial businesses, governments and institutions, facilitating the sale in their products or services for some other companies or organizations that therefore resell them, have used them as components in goods and services they offer, or utilize them to support their operations 5. Industrial Vs Consumer MarketingAreas of Difference B2B Market Consumer MarketMarket Characteristics Geographically Concentrated Geographically Disbursed Relatively Fewer Buyer Mass MarketProduct Characteristic Technical Complex Standardize CustomizedService Characteristic Service, timely Availability Somewhat Important extremely ImportantBuying Behavior Involvement of Various functional Involvement of close relatives area from the two ends Purchase Decisions are performance Purchase decisions are typically based based and rational on Physiological/social/psychological needs Technical Expertise Relatively less technical expertise is necessary Stable Interpersonal relationship Non- Personal relationship 6. Industrial Vs Consumer MarketingAreas of Difference Industrial Market Consumer MarketChannel Characteristic More Direct Indirect Fewer Intermediaries Multiple layer of IntermediariesPromotional Characteristic Emphasis on Personal Selling Emphasis on Mass Media AdvertisingPrice Characteristic Competitive Bidding and Negotiated List Price or MRP Prices List Price for Standard Products 7. B2B Distribution Channel Characteristics Manufacturer Company Sales Representative Force Agency Distribution DealerCustomer Customer Customer 8. Characteristics of B2B Demand Derived Demand:- The need for a good or service that is a result of the interest on another good or service. Ex.:- Pig Iron - -Steel - -Steel Sheets-Automotive part companies-Automobiles-End customer Demand Elasticity:- Joint Demand:- - Demand for product or services is interdependent on 1 another Ex:- Coffee Powder, Sugar Milk in Making Coffee Ex:- Software- Operating System, Car Fuel 9. 2:- Understanding B2B Market Environment with Buyers PerspectiveB2B CustomersB2B Products Marketing of business products to B2B CustomersPurchasing of Industrial Products Goals of Purchasing Purchasing Orientations Buying Orientation Procurement Orientation Supply Chain Management OrientationPurchasing Practices of Industrial Customers Commercial Business Government Institutes Co-operativeEnvironmental Analysis:- Types of Environment Influencing B2B Market 10. Understanding B2B Market Environment with Buyers Perspective 11. B2B Market Environment with Buyers Raw Materials Iron ore, Crude oil, fruits, fish Perspective Manufactured Acids, Fuel oil, Steel, Materials Chemicals Material Parts Component Parts Gauges, TV tubes, Tyres, Subassemblies Exhaust Pipe in Motor Cycle Light equipment/Hand tools, Dies, Jigs Accessories Installation or Heavy Capital items Machine Tools, Furnaces Equipments Plants Building Plants, Office Building Lubricants, Fasteners, paints Supplies, Electrical Items Supplies Services Legal, Auditing, Advertising, Services Courier, Market Research 12. B2B Market Environment with Buyers Perspective Goals Of Purchasing Uninterrupted Flow Material Manage Inventory Improve Quality Developing and Managing Supplier relationships Achieve Lowest price tag Reduce Administrative cost Advance Firms Competitive Position 13. B2B Market Environment with Buyers PerspectivePurchase Orientation Buying Orientation Procurement Orientation Supply chain Management OrientationApplications of Purchase Orientation to Industrial Customers Industrial Customers Supply Chain Management Procurement Government as being a Customer Buying Orientation Institutes Buying Orientation 14. B2B Market Environment with Buyers PerspectivePurchasing Practices of B2B Customers Industrial customers Government Institutes CooperativeEnvironmental Analysis:-Ecological Physical Conservation of Natural resources 2. Utilities, Manpower Transportation 15. B2B Market Environment with Buyers PerspectiveEnvironment Analysis:-Internal Environment:- Company Location, R D Facilities, Production Facilities Human Resource and Image with the companyExternal Environment:- Micro Environment:- Customers Competitors Suppliers Macro Environment:- Economic Technological Government/Political Legal Cultural Social Investors NGO 16. Nature of Industrial Buying and Buying Behavior Organizational Buying Process Organizational Buying Situations Forces Shaping Organizational Buying Behavior - - Environmental Forces - - Organizational Forces - - Group Forces:- - Buying Center - Elements of Buying Center - - Individual Forces 17. Nature of Industrial Buying and Buying Behavior Problem Recognition General Description of Need Product Specification Supplier Search Acquisition Analysis of Proposal Supplier Selection Selection of Order Routine Performance Review 18. Nature of Industrial Buying and Buying BehaviorOrganizational Buying Situations The buyer routinely re-orders the Straight Rebuy same services or products with out any modification The buyer desires to modify product Modify Rebuy specifications, price, service or supplier The buyer purchase product or New Task service for that first time 19. Nature of Industrial Buying and Buying BehaviorForces Shaping Organizational Buying Behavior Environmental Forces Organizational Forces Group Forces Individual Forces 20. Group Force Buying CenterBuying Center serves as a the body of all the so-called individuals and groupsparticipating inside buying decision process and who've interdependent objectivesand share common risk 21. Nature of Industrial Buying and Buying BehaviorRoles of Buying CenterInitiator:- Recognition of Problem or NeedBuyer:- Obtains the quotation Supplier evaluation Selection Processing purchase order Expediting deliveries Implement the purchasing policies on the organizationUser:- User of Product/Services Could be InitiatorInfluencer:- Individuals who could influence the purchasing decision TechnicalDesign EngineersExternal consultants Gatekeepers:- Individuals who control the flow of data to the individuals buying centerDeciders:- Individuals or crowd who make actual purchase decisions regarding the product or services 22. Nature of Industrial Buying and Buying Behavior B2B Buying Behavior Model 23. 4. Buyer Seller Relationship Buyer Seller Relationship:- Establish, Develop Maintain the meaningful relationship together with the customer. Types of Buyer Seller Relationship Transactional Exchange Collaborative Exchange Switching Cost 24. Managing Buyer Seller Relationship Typical Characteristics of Buyer Seller Relationship depending on Market Condition and Purchase Behavior Transactional Exchange Collaborative ExchangeAvailability of Alternative Many Alternative FewSupply Market Dynamism Stable VolatileImportance of Purchase Low HighComplexity of Purchase Low HighInformation Exchange Low HighOperational Linkage Limited Extensive 25. CRM Strategy Determine which form of relationship matches the purchasing situation and supply-market conditions for any particular customer. Develop a strategy that may be appropriate per strategy type. 26. Understanding Customer Profitability Characteristics of High Vs Low Cost-to-Serve CustomersHigh Cost to Serve Low Cost to ServeOrder Custom Products Order Standard ProductsOrder Small Quantities Order Large QuantitiesUnpredictable Order arrivals Predictable order arrivalsCustomized delivery Standard DeliveryFrequent Changes in delivery No modifications in delivery requirementrequirementManual Processing Electronic ProcessingLarge number of presales support Little to no presales supportRequire company to carry inventory Replenish as producedLonger credit periods Payment on time 27. Creating a CRM Strategy Acquire the Right Customer Crafting the best value proposition for that customer Design the Best Process to provide the product/services Motivating the Employees Retain the customer 28. Segmenting the Business MarketWhy Segmentation:-Criteria with the segmentation:- Measurable Assessable Substantial Computability ResponsivenessBenefits of Segmentation:- Concentrate on unique needs of target segment, Focus on application, Develop profitable pricing strategy Select the appropriate channel Develop communication and advertising strategyVariable of Business Market Segmentation:- Macro level segmentation Micro level Segmentation 29. Macro SegmentationVariable of Segmentation Breakdown of SegmentsCharacteristics of Buying BehaviorSize Small. Medium Large Based on Sales or o. Of EmployeesGeographical location Region, Industrial zonesUsage rate Non user, Light user, Moderate user, heavy userStructure of procurement Centralize, DecentralizeProduct/Service ApplicationEnd market serve As per Product/ServiceValue used High, LowCharacteristics of Purchasing SituationsTypes of purchasing situations New task, Modified task, Straight RebuyStage in purchase situation Early stages, late stages 30. Micro SegmentationVariable of Segmentation Breakdown of SegmentsKey Criteria Quality, Delivery, supplier reputationPurchase Strategies Optimizer, SatisfierStructure of selection unitImportance of purchase High, LowAttitude towards vendor Favorable, unfavorableOrganizational innovativeness Innovator, FollowerPersonal Characteristics of TopManagement or Decision makersDemographics Age, Educational backgroundDecision Style Normative, conservative, mixed modeRisk Risk taker, Risk avoiderConfidence High, lowJob responsibility Purchasing, production, engineering 31. Managing Products New product develofor B2B Marketing 32. Core Competencies and Selected Products at Canon Core competencies are embodied from the superior skills of employees-the technologies they've got mastered, the initial ways in which these technologies are combined, along with the market knowledge that's been accumulated. They concentrate on the basics products crates value on the customers perspective and will include both technical and organizational by Cool Pictures and MultiMedia Presentations 33. Three Tests to Identify the Core Competencies First, a core competence provides potential use of an array of markets. Second, a core competence should make a crucial contribution towards the perceived customer benefits with the firms end products. Third, a core competence ought to be difficult for competitors to imitate. 34. Sustaining the Three Questions How rare is our competence? How long can it take our competitors to build up the competence? Can the foundation of our advantage often be understood by our competitors? 35. Quality Movement Stages Stage one dedicated to conformance to standards or success in meeting specifications. Stage two emphasized that quality was higher than a technical specialty knowning that the hunt for quality should drive the core processes with the entire business. Stage three examines a firms quality performance in accordance with competitors and examines customer perceptions with the value of competing products. 36. What Value Means to Business Customers Core Benefits Add-on Customer Value Price Sacrifices Acquisition Costs Operations CostsSource: Adapted from Ajay Menon, Christian Homburg, and Nikolas Beutin, Understanding Customer Value, Journal of Business-to-Business Marketing, 12, no. 2 2005, pp. 47. 37. 1. Proprietary or 2. Custom-built catalog products productsFour Types of Industrial product Lines3. Custom-designed 4. Industrial products services 38. Steps within the Product Positioning Process1. Identify the appropriate set of competitive products.2. Identify the group of determinant attributes that customers use to differentiate among options and discover the preferred choice.3. Collect information coming from a sample of existing and potential clients concerning their ratings of each one product within the determinant attributes.4. Determine the items current position versus competing offerings for every single market segment.5. Examine accentuate your figure between preferences of areas and current position of product.6. Select Positioning or Repositioning Strategy. 39. Successful brand management involves creating a promise of value forcustomers and after that ensuring that the promise is kept throughout the way in whichthe method developed, produced, sold, services, and promoted. How High-Tech Brands Build Equity 40. New Product Development ProcessSuccessful companies use a high-quality new productdevelopment process-careful attention is given on the execution ofthe activities and decision points. Benchmarking characteristics: The firms emphasized upfront market and technical assessments. The process featured complete descriptions with the product concepts, product benefits, positioning, and target markets. Tough project go/kill decision points were included from the process plus the kill option was really used. The cool product process is flexible. 41. Resource Commitments Three ingredients were important here: 1. Top management committed the resources important to meet the lenders objectives for your total product effort within the firm. 2. R D budgets were adequate and aligned using the stated awesome product objectives. 3. The necessary personnel were assigned and were relieved using duties. 42. New Product StrategySet aggressive cool product performance goal asa basic corporate goal and communicate it to allemployees. 43. Lead user projects are conducted with a cross-functional team which includes four to sixmanagers from marketing and technical departments; one member may serve as members typically spend 12 to 15 hours per week around the LeadUserMethod 44. Product advantage identifies Marketing synergy representscustomer perceptions in the degree of fit between theproduct superiority with respect needs from the project and theto quality, cost-performance firms resources and skills inratio, or function compared to Four Strategic Factors For New Product SuccessTechnical synergy concerns International orientation-newthe fit involving the needs on the products that were created andproject along with the firms R D developed to meet foreignresources and competencies. requirements, understanding that are geared towards world or nearest- neighbor export markets. 46. Innovators These are the individuals who are fundamentally focused on new technology within the grounds. Early Adopters These are the true revolutionaries running a business and government who would like to use the discontinuity of the innovation to create a break together with the past and commence an entirely new future. Their expectation is always that by being first to take advantage of the new capability they are able to achieve dramatic and insurmountable competitive edge on the old order. Early Majority These people have the bulk of all technology infrastructure purchases. They usually do not love technology due to the own sake, so can be different on the techies, whom they can be careful, nonetheless, to utilize. Moreover, they presume in evolution not revolution. they're interested in making their companies systems work effectively and check to adopt innovations only after they have got established a well-known track record. 47. Late Majority These people are pessimistic regarding their ability to gain any value from technology investments and undertake them only under duress - - typically since the remaining alternative would be to let the rest on the world pass them by. They are very price-sensitive, highly skeptical, and intensely demanding. Rarely do the requirements get met, partially because they're unwilling to cover any extra services, that only reconfirms their sour views of advanced. Laggards This group like challenging the hype and puffery of high-tech marketing. They are not so much prospective customers as ever-present critics. As such, the objective of high-tech marketing isn't to sell in their mind but rather to trade around them. The Marketing Strategy With these customer segments under consideration, the normal approach would be to seed new products with all the innovators so they could help educate the first adopters. When earlier adopters want, do everything which is possible and have happy since they will then perform the duties of references with the early majority which would be the group where most with the money is made coming from a new service or product. Then leverage the success using this large group so the product matures and stabilizes enough to get of interest on the late adopters. All the while, neglect the laggards along with their skepticism. Clipping is really a handy method to collect important slides you intend to go back to later. Government includes all federal, state, and local governments and govt. agencies Nonprofit includes charities, schools and universities, museums, etc. B2B Marketing is Different! one-on-one calls on the customer. Specialized media including trade journals, sales brochures, websites, trade events are used rather than traditional media. Emotional or Rational Buyers?Considerations of if you arent ISO 9000 compliant. 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Each tactic of B2B Marketing, online or direct, is deeply aimed at creating relationships. Direct advertising models for b2b organizations will take a huge volume of energy and time. B2B Marketing Trends in 2013 - In a detailed conflict of B2B with B2C, B2B stands out due to its strict nature of service carries a complex sales cycle that will require a comparative logical approach therefore assured higher return than B2C. Therefore undoubtedly 2013 would witness an essential leap in B2B marketing acceptance and popularity. In a detailed conflict of B2B with B2C, B2B stands out because of its strict nature of service features a complex sales cycle that will need a comparative logical approach and so assured higher return than B2C. Therefore little doubt 2013 would witness an essential leap in B2B marketing acceptance and popularity. 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Chapter 2: THE PROMOTION INDUSTRY: MARKETERS, AGENCIES, and MEDIA ORGANIZATIONS 2.1 Direct- Marketing Alternative New Media Causes Structure of Promotion Industry AUDIENCES Household Consumers Trade Resellers Business 5 Top B2B Content Marketing Trends Businesses Should Focus On - Content marketing could be the prime aspect of digital marketing and content. B2B marketers should catch the heartbeat of emerging B2B content marketing trends to handle its challenges and leverage its opportunities effectively. Herere some key trends to take a look out for in 2015 and beyond. Content marketing could be the prime element of digital marketing and content. B2B marketers should catch the heart beat of emerging B2B content marketing trends to handle its challenges and leverage its opportunities effectively. Herere some key trends to appear out for in 2015 and beyond. B2B Business Marketing : The Continued Importance of Content Development - Televerde - During the last couple of years, content development has surfaced being a major topic in B2B business marketing circles. Solid content geared towards the interests of prospects can jump-start any marketing programme and improve sales. Take having a look at this presentation on b2b business marketing from Larry Fleischman, Director of Marketing for Televerde, a major B2B provider of sales pipeline development solutions. For more information regarding lead generation programs, visit today. During earlier times couple of years, content development has surfaced being a major topic in B2B business marketing circles. Solid content geared towards the interests of prospects can jump-start any marketing programme and improve conversion rate. Take a peek at this presentation on b2b business marketing from Larry Fleischman, Director of Marketing for Televerde, a number one B2B provider of sales pipeline development solutions. For more details about lead generation programs, visit today. You can execute the most important transactions on the internet and can choose one, or the opposite way round. You need not to go to different suppliers, personally. B2B Lead Generation Company - Our consultants leverage decades of sales marketing experience between Wall Street to Main Street!We have got all bases covered, when it reaches more info call at 1-855-659-7355 or visit our site / Our consultants leverage decades of sales marketing experience between Wall Street to Main Street!We have bases covered, when considering more info call at 1-855-659-7355 or visit our site / How to have hot Leads for B2B Sales - Sales Outsourcing. Sales Force Europe Bhosale helps for MBA Project report of TISS. Are you doing regulars or learning online MBA from TISS? Are you working professional, very busy, dont know tips on how to do the project? Dont worry Prof. Prakash Bhosale team has arrived to help you.ebrand 121015vs innovations, for instance online computer services, channels, 2, 400 Internet stations, 18, 000 magazine titles, and 20 million Internet Google Confidential and Proprietary. Google Confidential and Proprietary. Google a wealthy media advocate? 33. How do we catalyze better marketing Advances in Relationship Marketing Thought and Practice: The Influence of Social Network Theory and surveys Surveys and simulations. Typical Variables Examined inside the MySpace hit 1 on web 29 billion pageviews during and surveys Surveys and simulations. Typical Variables Examined from the MySpace hit 1 on web 29 billion pageviews during In most all cases, our principals are used to guide strategic What causes buyers and specifiers to decide on a supplier from the first place? Their Communications - - e-mail, e-cards, net radio. Financial services - - securities, On-line provision of services and digitized goods should remain duty Branding and Building Your Business Using New and Old Media - Branding and Building Your Business Using New and Old Media Christine Lemyze, Vice President, Marketing, Global Technology Services, IBM Growth Markets Unit Branding and Building Your Business Using New and Old Media Christine Lemyze, Vice President, Marketing, Global Technology Services, IBM Growth Markets Unit April 2006 Buenos Aires. International Online Strategy. April 2006 Buenos Aires. International Online Strategy. 9. April 2006 Buenos 2QCTm Groupon MetaSearch Reviews and Recommendations Traditional Media is currently participating in/following Twitter. News coverage has been generated via Twitter is simple, fast and features a low-barrier Copyright 2015 CrystalGraphics, Inc. All rights Reserved. is really a trademark of CrystalGraphics, Inc. 2Fmarketing-topics%2Fdefine-b2b-marketing requestip31.148.254.181 formatjson deviceType0 Watch a youtube video tour and obtain a look behind the curtain in this powerful and simple to use marketing platform. We define B2B marketing together business selling good or services to a new business as opposed to an enterprise selling something to your consumer. Marketo has several useful glossaries comprise common B2B marketing terminology in this region. Main Slide, Slide Master, Print Master Copyright 2015 All rights reserved. Main Slide, Slide Master, Print Master Copyright 2015 All rights reserved.

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