What
exactly do marketing managers do? That
is the question!
One thing that is clear is that a marketing manager
does not just sell. They must understand
the customer and manage the customer journey.
They must be able to develop a marketing strategy and manage the
marketing mix. They must be able to
instill a marketing led philosophy throughout the organization. They must be able to measure success and
manage failure, as well as ensure timely delivery. They should be able to perform research and
identify primary opportunities. The
marketing manager should be accustomed to managing budgets and agencies. The marketing manager should be adept at
making customer driven decisions.
It is important to know what others are doing in the
marketplace. Using Sony and the Betamax as an example, "The Betamax video recorder hit stores in 1975. A year later, Sony's rival released another video recorder -- the VHS. By early 1977, four other companies were selling VHS machines. Meanwhile, Sony chose not to license Betamax technology. Because the two formats were incompatible, consumers had to choose between the two. As Sony was the lone Betamax producer, you can guess which system they chose." (AOL.com, 2013) This is a self-telling story of keeping your eye on the competitor.
It is also important to align with what each
customer desires. Smith & Wesson,
yes, the famous gun company, once tried to produce a bicycle to appeal to the
public. A what you say? I was taken
aback, too. When I think of a bicycle, I
think of Schwinn and see a family happily biking their way through a serene
park-like setting to a picnic. Smith & Wesson does indeed produce bicycles
but they are geared towards the law enforcement industry. "A study commissioned by the company found brand awareness so strong that consumers said they would consider S&W not only for handguns, but for other products as well. As long as that something isn't mountain bikes. S&W had been selling bicycles designed for law enforcement, security and emergency response since 1997. So in 2002, it took another step by offering mountain bikes to consumers too. Unfortunately, while the bikes continue to be loved by public service officials, the public never caught the fever." (AOL.com, 2013) A marketing failure? Possibly, but
I have a tendency to believe that it was more of an ill-fated product alignment
with the market desires. I wonder what
would have happened if they had decided upon a thermos?
Identifying trends, research, and cultural effects are
a must do for the marketing of every product. Let’s use the marketing blunder
of American Motors and the car model of the Matador. "The Matador did not do well in Puerto Rico where 'matador' has the connotation of 'killer'. Bull-fighting was abolished on the island more than 100 years ago when the U.S. took control of Puerto Rico." (Texin, 2009) Now tell me, who would want to ride in a car called killer? This is a primary example of NOT doing your homework!
A value must be created that delivers satisfaction
and loyalty. Customer loyalty is very significant
in the creation and maintenance of competitive advantages. It would stand to reason that even with small
increases in loyal customers a large amount of profitability can be realized. Loyalty on the company’s behalf is remembering
what your customer base likes, keeping in touch with the customer, rewarding
them for choosing your company, and figuring out what you can do to make them
even happier. Loyalty on the consumer’s
behalf is primarily comprised of a continuance to use the company’s product or
service.
So what is the role of the marketing manager when it comes to customer loyalty? According to Cohen, "The marketer finds out what the customer wants and influences the organization to produce it." (Cohen, 2012) The marketer must convince the organization that the market orientation should be tied into the customer focus and that a higher level of overall satisfaction and loyalty will increase retention. In a nutshell, a happy customer positively influences the profitability level of the business.
It takes a cornucopia of information, research, metrics, studies, investigations, and other methods of exploration and influence to come up with the right marketing mix. The marketing manager must be able to understand the entire puzzle of the target market, loyalty aspects, value that is created as well as deliver the same to the marketplace.
Cohen, William (2012-09-26). Drucker on Marketing: Lessons from the World's Most Influential Business Thinker (p. 34). McGraw-Hill. Kindle Edition.
Texin, Tex. "Translations That (Allegedly) Embarrassed Their Marketing Departments." Marketing Translation Mistakes. 2009. Web. 12 Apr 2013.
"Top 25 Biggest Product Flops Of All Time." Daily Finance. AOL.com, 2013. Web. 13 Apr. 2013
Ahmed, this is a wonderful way to depict the diversity a marketing manager must display. As you describe a marketing manager must be involoved in almost every aspect of the buisness in which a customer is involoved. This involovement can allow for growth opprotunities and potential customer loyalty. It is shocking to me that most businesses are not run by markerting professionals
ReplyDeleteThank you, Kristen. I appreciate your kind words.
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