Monday, 26 September 2011

Enterprise and Innovation - Lecture 1 26.09.11

How to get yourself out there.



  • Marketing - the management process responsible for identifying, anticipating and satisfying customer requirements profitably.




  • Roles 
    1. identify customer needs to develop new products
    2. develop pricing strategies
    3. promote products to a target market
    4. identify distribution networks
    5. add value to your product through customer benefits
    6. monitor the performance of the products

1. Identify customer needs to develop new products.

understand needs - develop concept - test concept - refine concept - market product - get feedback - repeat.


Value proposition - not about profit - about what value you can give to your target market

  • Make it short
  • be specific
  • use your customers language
  • pass the 'gut felling test'

past and future
external and internal

  • networking events
  • networking friends and associates
Don't be a busy fool!

  • time
  • travel
  • equipment
  • deliverables
they all cost money, so learn to say no/thats not enough.

Negotiate and close the deal

Basic principles of marketing - The four P's

  • Product
  • Price
  • Place
  • Promotion
P.T Barnum video

  1. Sell something Unique
  2. Promote, promote, promote
  3. Showcase yourself

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