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Overview
Teach students how to think and act like effective marketers and disruptors in today's dynamic, fast-paced business environment with Ferrell/Hartline/Hochstein’s MARKETING STRATEGY, 8E. This edition presents strategic marketing management within the context of social, economic and technological arenas encompassing business. Students learn to develop long-term, customer-oriented marketing strategies and successful marketing plans with this edition's systematic approach. The latest examples highlight organizations familiar to readers, such as Spotify, Nintendo and Microsoft. New cases from Tesla, Netflix and even the recent COVID-19 pandemic illustrate the need for marketers to think proactively and anticipate change. Using the latest research, the authors present current trends, from digital marketing tools and new marketing models to integrated marketing communication. Instructor resources help you guide students in learning to analyze, plan and implement marketing strategies.
- NEW AND UPDATED OPENING VIGNETTES PROMPT INTEREST IN THE CHAPTER'S OVERARCHING THEME. Every opening vignette in this edition is new or revised to reflect the most current developments in marketing today. These powerful introductions to each chapter illustrate real marketing planning or marketing strategy in action within actual organizations. These vignettes address topics such as corporate culture, product labeling, social media segmentation and innovation.
- THOROUGHLY UPDATED FOUNDATIONAL CONTENT DEPICTS CURRENT TRENDS AND ADVANCEMENTS IN MARKETING. Each chapter’s framework, concepts, research and examples reflect the latest changes in marketing strategy today. This edition emphasizes marketing disruption and innovation with an increased focus on the critical role of digital technology in marketing planning. Students also examine new marketing models. More in-depth content examines how firms build long-term retention by connecting products to customer success.
- REAL, MEMORABLE EXAMPLES REINFORCE KEY CONCEPTS AND TIMELY TOPICS. Numerous examples of marketing strategy and related topics, drawn from familiar, real organizations, support this edition's reader-friendly presentation. Concepts come to life as students examine challenges and successes in marketing and strategic planning in today's market.
- SPECIAL FEATURES DRAW EXTRA ATTENTION TO RELEVANT AND CURRENT APPLICATIONS. Multiple new or updated boxed features in each chapter clearly demonstrate how organizations apply specific marketing concepts in today’s business landscape. Relevant and compelling, these features focus on marketing strategies at work in organizations popular with students, such as Spotify, Kroger, Nintendo and Microsoft.
- NEW AND UPDATED EXHIBITS REINFORCE AND EXPAND UPON IMPORTANT CONCEPTS AND TOPICS. Informative, appealing exhibits visually build upon major topics using the latest information, data and statistics to clarify concepts and increase comprehension and retention.
- NEW CASES DEMONSTRATE MARKETING STRATEGIES AND CONCEPTS IN ACTION. Students gain a deeper understanding of marketing strategy and its applications as engaging cases -- most new in this edition -- highlight topics such as customer success, today's marketing mix, corporate social responsibility, crisis preparedness, global marketing and the power of integrated marketing communication. One new case examines the COVID-19 pandemic's impacts on marketing strategy and trends, while other cases feature businesses ranging from Tesla and Netflix to Patagonia and Walmart.
- CLEARLY DEFINED KEY TERMS PREPARE STUDENTS TO WORK IN PROFESSIONAL MARKETING-RELATED ROLES. Key term within this edition are immediately defined and help readers identify core themes and better understand important topics, all while building their marketing vocabulary.
- "BEYOND THE PAGES" FEATURES PORTRAY DYNAMIC CHANGES AND INFLUENCES IN CONTEMPORARY MARKETING STRATEGY. Each chapter contains three "Beyond the Pages" features set apart in distinct boxes. Chapter-opening vignettes capture dynamic changes in marketing that influence marketing strategies. These features profile actual companies with behind-the-scenes looks at how they apply marketing concepts in real life.
- "LESSONS FROM THE CHAPTER" SUMMARIZE KEY TOPICS FOR QUICK, CONVENIENT REVIEW. These thorough summaries at the end of each chapter clearly outline key lessons from the previous chapter to help students review major concepts. These end-of-chapter summaries can act as handy study aids for today's busy students.
- MARKETING PLAN WORKSHEETS GUIDE STUDENTS IN WRITING FORMAL MARKETING PLANS. These carefully developed worksheets serve as useful planning tools, helping students ensure they've included all important information in the marketing plan. Students learn to organize and structure data, understand and convey a firm’s strengths and weaknesses as well as recognize opportunities and threats. With this background, students develop goals and objectives, develop a marketing strategy and outline a plan for implementing the strategy.
- POWERPOINT PRESENTATION SLIDES ENGAGE STUDENTS WHILE REDUCING PREPARATION TIME. This edition's PowerPoint slides offer invaluable, captivating visual support for your classroom. For your convenience, each chapter's content is broken down into multiple modules to make the visual content easier to deliver and discuss.
About the Authors.
1. Marketing in Today’s Economy.
2. Strategic Marketing Planning.
3. Collecting and Analyzing Marketing Information.
4. Developing Competitive Advantage and Strategic Focus.
5. Customers, Segmentation, and Target Marketing.
6. The Marketing Program.
7. Branding and Positioning.
8. Ethics and Social Responsibility in Marketing Strategy.
9. Marketing Implementation and Control.
10. Developing and Maintaining Long-Term Customer Relationships.
Cases.
Marketing Plan Worksheets.
Index.