Today's Notables
The importance of Marketing (Part 4)
June 2003
Hisashi Furuichi
President and C.E.O.
In last month's Shinko, I mentioned how the three sides of the marketing triangle
are closely interrelated and interdependent. All employees, for example,
should know the mission of the corporation. What business are we in
and what is our company really about? That is the true essence of
internal marketing. We will fail if we implement marketing activities
that try to answer "What can we sell?" or "What can
we do?". Successful marketing comes from a thorough understanding
of the customer's viewpoint. Instead of asking "What are we trying
to sell?" we need to ask, "What does the customer want to
buy?" Marketing starts with this very basic principle of understanding
the customer. We need to provide the product and service that gives
the customer the solution instead of marketing "what we can do."
We can then develop the strategy and techniques to provide that product
and service.
As I said before, interactive marketing is crucial in being able to
understand first, what the customer will buy, and second, what solution
in the form of a product or service they are looking for. Furthermore,
if external marketing between the corporation and customer is not
linked to interactive marketing, the marketing concept will not function
properly. The three types of marketing are interdependent and interrelated.
At TK, we have incorporated our internal marketing in the mid-term
operations plan along with implementation of ISO, a strategic sales
training and a new human resources concept. External marketing efforts
have been improved through better advertising, a new company profile,
web site and a logo promotional program as part of the mid-term operations
plan. Interactive marketing is taking the form of exhibitions and
seminars aimed at customers. Marketing to vendors and other stakeholders
will become also become more important.
As mentioned previously, marketing
our service as well as the product is important and will provide the
key to understanding what comprehensive marketing concept will satisfy
customers. Marketing is the culmination of policies implemented from
the customer's standpoint after careful detailed analysis of the buying
and selling process. The Public Relations office was established May
21 with a plan to specifically support these overall marketing operations.
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