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Taking Sides: Clashing Views on Controversial Issues in Marketing

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Involve the reader in analysis and spirited debate concerning macro marketing ... (economics), Edward Hallowell (psychiatry), and writers Karl Taro Greenfield, ... – PowerPoint PPT presentation

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Title: Taking Sides: Clashing Views on Controversial Issues in Marketing


1
Taking Sides Clashing Views on Controversial
Issues in Marketing
  • Bart Macchiette Abhijit Roy

2
Purpose Of The Book
  • Introduce numerous controversial issues involved
    in contemporary marketing.
  • Involve the reader in analysis and spirited
    debate concerning macro marketing issues.
  • Prepare students to recognize, support and defend
    stances on these controversies in business
    situations.

3
Issue Selection
  • Source Credibility -
  • Contributors Charles Schewe (marketing), George
    Ritzer (sociology), David Grossman (psychology),
    Russell Roberts (economics), Edward Hallowell
    (psychiatry), and writers Karl Taro Greenfield,
    Rebecca Piirto Heath, Wendy Melillo
  • Business Magazines Business Week, Fortune,
    Forbes, Nations Business
  • Management Journals Harvard Business Review,
    Management Review

4
Issue Selection
  • Marketing Relevance The selections relate to
    contemporary media coverage.
  • Temporal Durability The issues meet the test of
    time endurance and signal some future trend or
    significant development.

5
Issue Selection
  • Inherent Drama The element of passion is
    essential to a stimulating controversy and
    Clashing Views selections were chosen to strike
    a responsive chord with students and professors.
  • Academic Integrity The selections provide
    insights for analysis and debate on concepts
    related to the marketing text.

6
Contents in Brief
  • Taking Sides explores topics in five distinct
    categories ranging from concepts to current
    practice.

Targeting Segmentation
7
The Role of Marketing Theory, Practice, and
Conceptual Conflict
  • This section examines definitional perspectives
    and interpretations of marketing.

8
The Role of Marketing Theory, Practice, and
Conceptual Conflict
  • Does Marketing Have Appropriate Boundaries?
  • Is the practice of Multilevel Marketing
    legitimate?
  • Has the Keep It Simple concept become All
    Change, All the Time?
  • Is Relationship Marketing a Tenable Concept?

9
Issue 1 Does Marketing Have Appropriate
Boundaries?
  • Yes Society grants acceptability.
  • Uses sin products as examples.
  • Careful marketing required do not attempt to
    expand market, dont target
  • No Ads presented as news are deceptive.
  • Video News Release, Infomercial, live
    endorsement, Radio talk show, advertorial

10
Issue 2 Is the Practice of Multilevel Marketing
Legitimate?
  • Yes Direct route to customers, personal
    salesmanship, and gets people out of the house
  • No Questionable financial opportunity, focuses
    on health products that are of dubious quality
    without regulation

11
Issue 3 Has the Keep it Simple Concept Become
All Change, All the Time?
  • Yes Customer is never satisfied.
  • Customer service using dialogue with real time
    information systems.
  • No Simplicity and common sense in marketing are
    competitive strategies.

12
Issue 4 Is Relationship Marketing a Tenable
Concept?
  • Yes Utilizing database marketing communicates
    new products, services, or promotions.
  • No Nine Big Mistakes of Relationship Marketing

13
Strategic Planning and Marketing Mix
  • This section focuses on sweeping changes in
    strategic applications that are relevant to the
    marketing mix.

14
Strategic Planning and Marketing Mix
  • Does Cause-Related Marketing Marketing Benefit
    All Stakeholders?
  • Is Mass Customization the Wave of the Future?
  • Are Outrageous Prices Inhibiting Consumer Access
    to Life-Sustaining Drugs?
  • Will E-Commerce Eliminate Traditional
    Intermediaries?
  • Is Communications Technology Death of the
    Salesman?

15
Issue 5 Does Cause-Related Marketing Benefit All
Stakeholders?
  • Yes Creates a sentiment connection with the
    consumer.
  • improves corporate image and sales.
  • No Health charities specifically seem to be
    selling their reputation through product
    endorsements and educational partnerships.

16
Issue 6 Is Mass Customization the Wave of the
Future?
  • Yes Dell Computer, Mattel toys, and Levis
    jeans are the examples of using technology to
    customize for one.
  • Manufacturers only need to keep modular
    components in inventory.
  • No McDonaldization shows the need for
    efficiency, calculability, predictability, and
    control

17
Issue 7 Are Outrageous Prices Inhibiting
Consumer Access to Life-Sustaining Drugs?
  • Yes Elderly Americans have little coverage for
    life-sustaining drugs and low/ fixed income. It
    is not an equitable system.
  • No High prices of pharmaceutical drugs are
    driven by demand, research, and marketing costs.

18
Issue 8 Will E-Commerce Eliminate Traditional
Intermediaries?
  • Yes Trends are new pricing models, higher
    customer service expectations, new distribution
    methods, unexpected market opportunities, and
    high rates of entry.
  • No Cyberspace is not profitable due to
    advertising, inventory, and personnel costs.

19
Issue 9 Is Communications Technology Death of
the Salesman?
  • Yes Consumers are informed prior to purchase,
    no longer need personal relationship.
  • No We all need the human moment, face to face
    encounters with other people to prevent
    misunderstandings.

20
Consumer Behavior in the New Millennium
  • This Section deals with emergence of an entirely
    new frontier for purchasing, searching for
    information, decision making, and evaluating
    products and services.

21
Consumer Behavior in the New Millennium
  • The New Marketing Paradigm Shift Are Consumers
    Dominating the Balance of Power in the
    Marketplace?
  • Is the Traditional Development of Brand Loyalty
    Dying?
  • Is Extreme Sports Marketing Risk and Thrill
    Seeking to Society?
  • Should Classrooms Be Commercial-Free Zones?

22
Issue 10 The New Marketing Paradigm Shift Are
Consumers Dominating the Balance of Power in the
Marketplace?
  • Yes Consumers shop anytime, are informed, and
    want personalization and solutions.
  • No Through segmenting, high value customers are
    found and treated to better offerings.

23
Issue 11 Is the Traditional Development of Brand
Loyalty Dying?
  • Yes Web branding calls for differentiation,
    emotional attributes, relevancy, brand esteem,
    and consumer knowledge.
  • No Products in a brand being consistent with
    standards makes the brand trusted and easy to
    chose.

24
Issue 12 Is Extreme Sports Marketing Risk and
Thrill Seeking to Society?
  • Yes Many aspects of national behaviors parallel
    the risk taking of snowboarding and mountain
    biking.
  • No Extreme sports emphasize the quest for
    individualism and self expression.

25
Issue 13 Should Classrooms be Commercial-Free
Zones?
  • Yes Channel One benefits include quality
    content, top media professionals, ant teaches
    current events, social studies, economics, and
    history.
  • No Methods of advertising in school are book
    covers, exclusive vending, and web banner ads.

26
Segmentation, Positioning, and Target Marketing
Targeting Segmentation
  • This section examines the most basic and crucial
    tools utilized by marketers in tailoring market
    offerings to satisfy consumer needs. Changing
    demographics, lifestyles, and new technologies
    are forcing marketers to re-engineer and adapt.

27
Segmentation, Positioning, and Target Marketing
  • Should Marketers Target Vulnerable Groups?
  • Is Generational Segmentation an Effective
    Marketing Strategy?
  • Is the Marketing of Online Degree Programs a
    Threat to Traditional Education?

28
Issue 14 Should Marketers Target Vulnerable
Groups?
  • Yes As a prime example, credit card companies
    target college students. These are bright young
    adults who must learn financial responsibility.
  • Marketing correctness is determined by social
    responsibility.
  • No Students are lured with giveaways into debt.

29
Issue 15 Is Generational Segmentation an
Effective Marketing Strategy?
  • Yes Use life stages, current conditions, and
    formative cohort experiences to know and interact
    with the consumer.
  • No The time that the consumer reached adulthood
    is what really needs to be known to reach the
    consumer.

30
Issue 16 Is the Marketing of Online Degree
Programs a Threat to traditional Education?
  • Yes Online education has niche markets and
    increasing competition.
  • No High tech education is implemented by top
    administrators and private sector commercial
    partners without input from faculty and students.

31
Societal and Regulatory Influences
  • This Segment considers the effects of marketing
    on society.

32
Societal and Regulatory Influences
  • Are Marketers Culpable for Americas Culture of
    Violence?
  • Should Alcohol Advertising be Regulated Further?
  • Is It Appropriate for the Government to Market
    Lotteries?
  • Is Political Marketing Essentially Buying
    Politicians?

33
Issue 17 Are Marketers Culpable for Americas
Culture of Violence?
  • Yes Video games and the marketing of media
    violence correlate with conditioning kids to
    kill.
  • No Politically motivated legislation to halt
    violence in marketing videos ignores the
    importance of family influence and upbringing.

34
Issue 18 Should Alcohol Advertising be Regulated
Further?
  • Yes Increased awareness of beer commercials
    leads to favorable beliefs about underage
    drinking and increases the likelihood of
    youngsters intentions to drink as adults.
  • No There needs to be self-regulation to prevent
    alcohol advertising from influencing underage
    drinkers.

35
Issue 19 Is is Appropriate for Governments to
Market Lotteries?
  • Yes Lotteries raise money for good causes. May
    be more fair then taxation, and reasonable odds
    for low risk.
  • No Criticisms of lotteries include misleading
    allocation of funds, worst odds, and deceptive,
    inappropriate advertising.

36
Issue 20 Is Political Marketing Essentially
Buying Politicians?
  • Yes Special interest groups heavily invest in
    politicians who become their political patrons.
  • No Banning soft money may conflict with the
    First Amendment and there are alternative means
    for making politicians accountable.

37
Summary
  • Taking Sides facilitates detailed discussion of
    some of todays hottest moral and marketing
    issues, providing an unparalleled learning
    experience for students and faculty alike.
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