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financial management and marketing for the 21st century
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FINANCIAL MANAGEMENT AND
MARKETING FOR THE 21ST CENTURY
Prof. Draizelle Cruz – SexonUniversity of the Philippines – Diliman
August 31, 2014
BROKE?
CRAVINGFOR THIS?
PLANNING TO DO THIS?
DREAMINGOF THIS?
Questions for reflection:• What do we need to know about
financial management and marketing?
• What is the scope of marketing?• What has changed about
marketing?• How do companies look at the
market today?• What are the Marketing Management
tasks for the 21st century?
Financial Security
Lesson 1 Module: Financial Management
Finance consists of three interrelated areas:
Money and capital markets
Investments
Financial management (business finance) – actual management of the firm.
1-9
What is Financial Management?
Concerns the acquisition,
financing, and management of
assets with some overall goal in
mind.
1-10
What is the Goal of the Firm?
Maximization of Shareholder’s
Wealth!
Value creation occurs when we maximize the share price for current
shareholders.
1-11
IT’S NOT ALL ABOUT THE
GAINS…
1-12
1-13
Social Responsibility
Wealth maximization does not preclude the firm from being socially responsible.
1-14
Corporate Governance
Corporate governance: represents the system by which corporations are managed and controlled.
HOW?
Bigger capital?
New Financial
Team?
Loan?
Strategize?
21
Keeping Up with Changing Times
• The management process through which goods and services move
from concept to the customer.
• It includes the coordination of
four elements called the 4 P's of
marketing (Business Dictionary)
When are we marketing?
We do
How do we market
products?
Marketing vs Selling
Making themPAY
MAKINGTHEM NEED
CORE CONCEPTS
Concept 1:
Target Markets, Positioning and Segmentation
Concept 2:
Companies address needs by putting value proposition.
Concept 3:
Offering is successful if it delivers value & satisfaction.
Concept 4:
Marketers use various kinds of marketing channels.
Concept 5:
Retail transformation as major societal force.
Concept 6:
Disintermediation as major societal force.
Concept 7:
Amplified voice to influence peer & public opinion as consumer capability.
Concept 8:
Companies reach consumers on the move with mobile marketing.
Concept 9:
Holistic Marketing Concept
Internal Integrated
Performance Relationship
Holistic
Concept 10:
Four P’s Components of Marketing Mix
WORKSHOP PROPER
PRESENTATION