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The basic major marketing management decisions can be classified in one of the following four categories, namely Product, Price, Place (distribution) and Promotion.
Product: It is the tangible object or an intangible service that is getting marketed through the program. Promotion: This represents all of the communications that a marketer may use in the marketplace to increase awareness about the product and its benefits to the target segment. So how does a marketer strategize to attain success in a marketing program, using these 4 P’s?
Offering specificity introduces the contextual customization of what needs to be done to address the questions raised in each of these 4 Ps of Marketing. Promotion plays a role in the perception the possible target audience may have about your service.
Services marketing is that elusive concept which stays incomplete without a thorough understanding of 7 Ps. Also did you read our article on the The 4 P’s of Marketing – The Marketing Mix strategies? Un producto es todo aquello que se le oferta al mercado para satisfacer una necesidad, este puede ser un producto fisico, servicio, evento, idea, experiencia o puede tener cualquier otra forma de presentacion.  El producto es el atractivo que se le ofrece al mercado,  asi como los beneficios y caracteristicas que este tiene para que el consumidor potencial lo elija.
Esta P es el valor que se cobrara en el mercado por un producto o un servicio,  es importante mencionar el precio va en referencia con el valor percibido que tiene el cliente por el producto. La promocion es en la mezcla de mercadotecnia uno de los factores fundamentales, ya que es la forma en la que daremos a conocer al mercado y por ende a los potenciales compradores todos los beneficios que tiene nuestro producto. Espero que la ejemplificacion y la demostracion de estos conceptos basicos de la mezcla de marketing puedan de ser de gran ayuda para replantear tu estrategia en torno a los beneficios que ofrece al mercado tu producto, la gama de precios que maneja para atender a diferentes tipos de consumidores, el lugar ideal para que esto consumidores puedan encontrarlo y los medios idoneos para que tu producto pueda ser dado a conocer a la mayor cantidad de consumidores potenciales.  Asi mismo me gustaria invitarte a que me dejes tus dudas o comentarios que puedan enriquecer este tema de mercadotecnia.
Coincido con GIOVANNI HIGUERA hay que agregar las otras P son parte fundamental en el mix marketing. The proper plan starts as something basic and becomes a guide for your entire restaurant marketing strategy. Marketing plans might seem intimidating at first, but they are very manageable and can even be inspiring to put together. Gather the main stakeholders in your restaurant (owners, managers, head chef etc.) and openly discuss the direction of your brand. The perfect place to start forming the actual plan is an internet search of other restaurants’ marketing strategies. The notes and ideas from the brainstorming process in step 1 will be useful in this process. Make the steps as specific as possible, so that when it comes to implementing and evaluating them there won’t be room for misinterpretation. Include a series of steps like this in the first or last section of your marketing plan, so they’re easy to find. This is one of the preliminary knowledge every marketer must have and is considered to be the basics of every marketing theory, which emerged henceforth.


Tangible products may be items like consumer goods (Toothpaste, Soaps, Shampoos) or consumer durables (Watches, IPods). If the price outweigh the perceived benefits for an individual, the perceived value of the offering will be low and it will be unlikely to be adopted, but if the benefits are perceived as greater than their costs, chances of trial and adoption of the product is much greater.
Promotion has four distinct elements: advertising, public relations, personal selling and sales promotion.
Our authors are educators from top QS ranked universities and practitioners from multinational enterprises.
Who would want to travel 10 miles to have a regular dinner, even if that is priced very competitively and has a super quality?
Services being intangible, processes become all the more crucial to ensure standards are met with. These form the critical success factors for any service as evaluated by a possible customer. Asi mismo el producto nos ofrece una gran variedad de gamas para solucionar los problemas del consumidor y al mismo tiempo para diferenciarnos con otros productos de la competencia como son: la calidad del producto y de las materias primas con las que fue hecho, el diseno del mismo, su tamano con respecto a la necesidad que se pretende cubrir, lo ergonomico de su empaque, la marca a la que pertenece,  y si este cuenta con alguna garantia o devolucion por si el producto fallase. Asi mismo el precio se puede fijar de muchas formas, ya sea con lo que parece que es “justo” cobrar, o con el precio maximo que el consumidor esta dispuesto a pagar o se puede tomar en referencia al precio de la competencia, en realidad no existe una forma en concreto todo dependera de la estrategia que queramos seguir.  El precio en la mezcla de mercadotecnia,  no solo es definir la lista de precios de los productos de una marca, sino tambien incluye los descuentos e incentivos que se ofertaran si se hace un pago anticipado, o si se compra un gran volumen del producto,  asi mismo lascondiciones y periodos de pago que se aceptaran si es que a alguno de los clientes se le otorga credito para pagar el producto. You’ll learn to visualize your goals, identify your limitations and capitalize off of your best features! You may also want to include one or two loyal or potential customers in this session, if they’re willing.
You can check out Mplan’s sample restaurant marketing plan to get some initial ideas. They’ve also outlined the importance of setting a detailed financial budget to go with your plan. These are tried and true methods of analysis that apply to most businesses’ marketing needs.
For each step, leave space to record your notes and observations as the plan is implemented.
Become your own marketing strategist by following these four steps, and remember, don’t forget social media!
Intangible products are service based like the tourism industry and information technology based services or codes-based products like cellphone load and credits. This may include any physical store (supermarket, departmental stores) as well as virtual stores (e-markets and e-malls) on the Internet.
Advertising may include using specialty packaging to showcase products, utilizing promotional products for your company, or online ads.
In there very essence, the 4 Ps of marketing is actually a framework that allows the marketer to structure the value proposition of an existing product (or a new product at the time of launch) so as to garner the highest mindshare by distinctly structuring the same. Services can range from financial services provided by the banks, technology services provided by the IT company, food and ambiance as a service provided by restaurants or even a blog where an author provides a service (information presentation, interesting reading etc) to his audience.


The attributes of the product, vis-a-vis the attributes offered by competing products and substitutes, are important in estimating the competitive scenario for the marketing strategy formulation. Promotion leads to service (brand) recognition and further establishes a proxy to evaluate quality of services based by potential customers. Process mapping ensures that your service is perceived as being dependable by your target segment. They are used by professional marketing executives to strategize from one-person businesses to multi-million dollar corporations. For example, your restaurant’s main internal strength might be its use of only organic, local ingredients, which relates to the external opportunity of increasing health-conscious consumers in our society. This is crucial as this provides the place utility to the consumer, which often becomes a deciding factor for the purchase of many products across multiple product categories. A certain amount of crossover occurs when promotion uses the four principal elements together (e.g in film promotion).
However, that is easier said that done and many marketers fumble when it comes to playing with the real life nuances and bringing out a crisp value proposition. Services marketing are dominated by the 7 Ps of marketing namely Product, Price,  Place, Promotion, People, Process and Physical evidence.
What is important to note that services being all the more intangible, the price becomes an important factor for the actual service consumption to happen, after service awareness and service acknowledgement.
Many different promotional tools are often used like internet advertisement, special events, endorsements which happen out of the store or in-store merchandising like branded boxes from Custom Boxes Now, plastic dump bins and digital signage.
Intensive training for your human resources on how to handle customers and how to deal with contingencies, is crucial for your success. Would you like eating at a joint where the table is greasy or the waitresses and cooks look untidy and wear a stained apron? Your restaurant’s main weakness might be an outdated POS (Point of Service System), which relates to the threat of competitors who use sleek, new digital systems for wait staff.
The 7 P framework is one of the most popular framework for deciding a marketing strategy, right from strategy formulation to actual implementation. If you’ve been in business for a while, this model will be useful as a revision and refinement of your marketing plan. Every product is subject to a life-cycle including a growth phase followed by an eventual period of decline as the product approaches market saturation. Again, draw up a customized diagram, based on something like this, to visualize the four P’s specific to your restaurant. To retain its competitiveness in the market, continuous product extensions though innovation and thus differentiation is required and is one of the strategies to differentiate a product from its competitors.



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Comments to «Global marketing mix strategies pdf»

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