What buying situations do organizational buyers face?. Publishing as Prentice Hall 7-2 Chapter Questions How do business buyers make their decisions?. Publishing as Prentice Hall 7-4
Trang 16 Analyzing Business Markets
1
Chapter Questions
What is the business market, and how does
it differ from the consumer market?
What buying situations do organizational
buyers face?
Who participates in the
business-to-business buying process?
Copyright © 2011 Pearson Education, Inc Publishing as Prentice Hall 7-2
Chapter Questions
How do business buyers make their
decisions?
How can companies build strong
relationships with business customers?
How do institutional buyers and government
agencies do their buying?
Trang 2Copyright © 2011 Pearson Education, Inc Publishing as Prentice Hall 7-4
What is Organizational Buying?
Organizational buying refers to the
decision-making process by which formal
organizations establish the need for
purchased products and services, and
identify, evaluate, and choose among
alternative brands and suppliers
Top Marketing Challenges
Understanding customer needs in new ways;
Identifying new opportunities for growth;
Improving value management techniques
Calculating better marketing performance and
accountability metrics;
Competing and growing in global markets
Countering the threat of product and service
commoditization
Convincing C-level executives to embrace the
marketing concept
Copyright © 2011 Pearson Education, Inc Publishing as Prentice Hall 7-5
Characteristics of
Business Markets
Fewer buyers
Close
supplier-customer
relationships
Professional
purchasing
Many buying
influences
Multiple sales calls
Derived demand
Inelastic demand
Fluctuating demand
Geographically concentrated buyers
Direct purchasing
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Buying Situation
Straight Rebuy
Modified Rebuy
New Task
Systems Buying And Selling
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The Buying Center
Initiators
Users
Influencers
Deciders
Approvers
Buyers
Gatekeepers
Trang 4Of Concern to Marketers
Who are the major decision participants?
What decisions do they influence?
What is their level of influence?
What evaluation criteria do they use?
Copyright © 2011 Pearson Education, Inc Publishing as Prentice Hall 7-10
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Stages in the Buying Process:
Buyphases
Problem recognition
General need description
Product specification
Supplier search
Proposal solicitation
Supplier selection
Order-routine specification
Performance review
Table 7.1 Buygrid Framework
Trang 5Copyright © 2011 Pearson Education, Inc Publishing as Prentice Hall 7-13
Forms of Electronic Marketplaces
Catalog sites
Vertical markets
Pure play auction sites
Spot markets
Private exchanges
Barter markets
Buying alliances
Table 7.2 An Example of
Vendor Analysis
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Methods for Researching
Customer Value
Internal engineering
assessment
Field value-in-use
assessment
Focus-group value
assessment
Direct survey
questions
Conjoint analysis
Benchmarks
Compositional approach
Importance ratings
Trang 6Copyright © 2011 Pearson Education, Inc Publishing as Prentice Hall 7-16
Order Routine Specification
Stockless purchase plans
Vendor-managed inventory
Continuous replenishment
Categories of Buyer-Seller
Relationships
Basic buying and
selling
Bare bones
Contractual
transaction
Customer supply
Cooperative systems
Collaborative
Mutually adaptive
Customer is king
Copyright © 2011 Pearson Education, Inc Publishing as Prentice Hall 7-17
Institutional Markets
Trang 7For Review
What is the business market, and how does
it differ from the consumer market?
What buying situations do organizational
buyers face?
Who participates in the business-to-business
buying process?
Copyright © 2011 Pearson Education, Inc Publishing as Prentice Hall 7-19
For Review
How do business buyers make their
decisions?
How can companies build strong relationships
with business customers?
How do institutional buyers and government
agencies do their buying?
Copyright © 2011 Pearson Education, Inc Publishing as Prentice Hall 7-20