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The 4 S’s of Marketing

             Conceptual
             Framework
Introduction
 • The 4P’s of marketing have been the core of
   marketing and built on since 1957.
 • Are they appropriate to fully explain the
   current 21st century marketing.
 • No – the world has changed
     Rapid globalisation
     Internet / Social revolution
     Greater customisation
     Move to one to one communication with
     customers via social media.
The 4 S’s
 1. Service Dominant
 2. Social Interaction
 3. Sales Engagement
 4. Superior Knowledge
The 4 S’s of Marketing
Service Dominant
   • A realisation that Goods (Product) service
     logic (GSL) is being enhanced by a Service
     dominant logic (SDL)
   • That service elements of a product offering
     are far greater and more profitable than the
     product elements example: Apple® iPod +
         Apple® iTunes = Apples SDL offering.



Source: Vargo and Lusch (2004) Evolving a New Dominant Logic of Marketing,
Journal of Marketing, Volume: 68, Page 1-17
Social Interaction
                                           Environment
                                           Market structure
                                           Dynamism
                                           Internationalisation
                                           Channel position
                                           Social system
                                           Atmosphere
                                           Power/dependence
                                           Co-operation
                                           Closeness
                                           Expectations
              Organization                                              Organization
               Technology           Long term relationships               Technology
               Structure            Institutionalisation, Adaptations      Structure
               Strategy                                                    Strategy
                                       Interaction Process
              Individual                                                 Individual
                Aims                                                        Aims
              Experience
                                 Short term exchange episodes             Experience
               Skills                     Products/services
                                                                            Skills
                                            Information
                                             Financial
                                              Social




Source: Adapted with permission from Håkansson (1982, p24)
Sales Engagement
 • Sales are the connector and sculptor of
   business relationships
 • That offline and online gaining and retention
   of customers is crucial
 • Need to identify new market segments of
   Blue Ocean are important



Source: W. Chan Kim and Renee Mauborgne (2004) Blue Ocean Strategy,
Harvard Business Review, October 2004, Page 69
Superior Knowledge
 • Knowledge is the defining competitive
   advantage today for sales and marketing
   professionals
 • It encompasses
   – Critical thinking
   – Brainstorming
   – Creativity
   – Calculated risk taking
   – Entrepreneurship
The Social Marketing Mix
 • The 4S’s enable a more contemporary look at
   business marketing today.
 • Embedded is service dominant logic, co-creation
   and relationship interaction with your customer.
 • It is a customer centric view of sales and
   marketing.
 • The social marketing mix works together to
   reinforce your value proposition and grow your
   business.
You are welcome to contact Nigel Bairstow at B2B
Whiteboard your source of B2B Asia / Pacific
marketing advice

http://www.linkedin.com/pub/nigel-bairstow/6/41b/726

http://twitter.com/#!/b2bwhiteboard

http://b2bwhiteboard.com

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4S's of Marketing

  • 1. The 4 S’s of Marketing Conceptual Framework
  • 2. Introduction • The 4P’s of marketing have been the core of marketing and built on since 1957. • Are they appropriate to fully explain the current 21st century marketing. • No – the world has changed Rapid globalisation Internet / Social revolution Greater customisation Move to one to one communication with customers via social media.
  • 3. The 4 S’s 1. Service Dominant 2. Social Interaction 3. Sales Engagement 4. Superior Knowledge
  • 4. The 4 S’s of Marketing
  • 5. Service Dominant • A realisation that Goods (Product) service logic (GSL) is being enhanced by a Service dominant logic (SDL) • That service elements of a product offering are far greater and more profitable than the product elements example: Apple® iPod + Apple® iTunes = Apples SDL offering. Source: Vargo and Lusch (2004) Evolving a New Dominant Logic of Marketing, Journal of Marketing, Volume: 68, Page 1-17
  • 6. Social Interaction Environment Market structure Dynamism Internationalisation Channel position Social system Atmosphere Power/dependence Co-operation Closeness Expectations Organization Organization Technology Long term relationships Technology Structure Institutionalisation, Adaptations Structure Strategy Strategy Interaction Process Individual Individual Aims Aims Experience Short term exchange episodes Experience Skills Products/services Skills Information Financial Social Source: Adapted with permission from Håkansson (1982, p24)
  • 7. Sales Engagement • Sales are the connector and sculptor of business relationships • That offline and online gaining and retention of customers is crucial • Need to identify new market segments of Blue Ocean are important Source: W. Chan Kim and Renee Mauborgne (2004) Blue Ocean Strategy, Harvard Business Review, October 2004, Page 69
  • 8. Superior Knowledge • Knowledge is the defining competitive advantage today for sales and marketing professionals • It encompasses – Critical thinking – Brainstorming – Creativity – Calculated risk taking – Entrepreneurship
  • 9. The Social Marketing Mix • The 4S’s enable a more contemporary look at business marketing today. • Embedded is service dominant logic, co-creation and relationship interaction with your customer. • It is a customer centric view of sales and marketing. • The social marketing mix works together to reinforce your value proposition and grow your business.
  • 10. You are welcome to contact Nigel Bairstow at B2B Whiteboard your source of B2B Asia / Pacific marketing advice http://www.linkedin.com/pub/nigel-bairstow/6/41b/726 http://twitter.com/#!/b2bwhiteboard http://b2bwhiteboard.com