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Business Marketing Management: B2B

By Michael D. Hutt, Thomas W. Speh, Douglas Hoffman

13th Edition © 2024
Discipline:Marketing
Course:B2B/Industrial Marketing
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Present a comprehensive overview that details the most recent industry trends with Hutt/Speh/Hoffman's BUSINESS MARKETING MANAGEMENT: B2B, 13E. This edition introduces today's dynamic B2B market using a managerial approach that ties concepts to real-world decision making and to best practices. New content emphasizes the book's ESG (environmental, social, governance) framework, while new discussions highlight omnichannel, the innovation flywheel and insights into supply chain resilience. Students review similarities and differences between consumer goods and B2B marketing as they focus on market analysis, organizational buying behavior, relationship management and marketing strategies to reach organizational customers. A new digital playbook and expanded content on smart, connected products explore how digital-first engagement preferences of B2B buyers are transforming customer relationship processes and marketing strategies. MindTap digital resources further reinforce content.

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About this product

Present a comprehensive overview that details the most recent industry trends with Hutt/Speh/Hoffman's BUSINESS MARKETING MANAGEMENT: B2B, 13E. This edition introduces today's dynamic B2B market using a managerial approach that ties concepts to real-world decision making and to best practices. New content emphasizes the book's ESG (environmental, social, governance) framework, while new discussions highlight omnichannel, the innovation flywheel and insights into supply chain resilience. Students review similarities and differences between consumer goods and B2B marketing as they focus on market analysis, organizational buying behavior, relationship management and marketing strategies to reach organizational customers. A new digital playbook and expanded content on smart, connected products explore how digital-first engagement preferences of B2B buyers are transforming customer relationship processes and marketing strategies. MindTap digital resources further reinforce content.

NEW AND REVISED LEARNING AIDS HELP STUDENTS MAXIMIZE THEIR STUDY TIME. Each chapter provides an overview, highlights key concepts and includes several carefully chosen examples of contemporary business marketing in practice to assist students in meaningful review. In addition, every chapter includes a cogent summary and a set of proactive discussion questions.

THIS EDITION EMPHASIZES RELATIONSHIP MARKETING STRATEGIES. This text offers expansive coverage of the drivers of relationship marketing effectiveness. Students also study the financial impact of relationship marketing programs.

STEP-BY-STEP PLANS GUIDE STUDENTS IN ESTABLISHING A PROFITABLE B2B BRAND. This edition draws from the authors' extensive experience to outline specific steps for building and managing a valuable and successful B2B brand in today's competitive business environment.

A TIMELY AND RICHLY-ILLUSTRATED DISCUSSION HIGHLIGHTS BEST PRACTICES. Students gain insights into the best practices and proven methods for tailoring marketing communications and selling strategies across the customer decision journey.

Table of contents

Chapters

Cover Page
Title Page
Copyright Page
Dedication
Preface
Acknowledgments
About the Authors
Part 1. The Environment of Business Marketing
Part 2. Managing Relationships in Business Marketing
Part 3. Assessing Market Opportunities
Part 4. Formulating Business Marketing Strategy
Part 5. Evaluating Business Marketing Strategy and Performance

Part 1. The Environment of Business Marketing

Chapter 1. A Business Marketing Perspective
Preview this section ↗
Defining the Scope of Business (B2B) Marketing ↗
Types of Business Market (B2B) Customers ↗
Commercial Enterprises as Customers ↗
Government Units as Customers ↗
Institutions as Customers ↗
Business (B2B) Markets vs. Consumer (B2C) Markets ↗
Derived Demand ↗
Fluctuating Demand ↗
Stimulating Demand ↗
Demand Elasticity ↗
A Global Market Perspective ↗
Illustration: Smucker as a B2C and B2B Marketer ↗
Classifying B2B Products and Services ↗
Entering Goods ↗
Foundation Goods ↗
Facilitating Goods ↗
Adapting Business Marketing Strategy Among the Classification Categories ↗
Illustration: Manufactured Materials and Parts ↗
Illustration: Installations ↗
Illustration: Supplies ↗
Key Imperatives for Business Marketing Management ↗
Developing Distinctive Capabilities ↗
Strategy Imperatives for B2B Marketers ↗
Marketing Leaders Shape Innovation Agenda ↗
Creating the Customer Value Proposition ↗
A Relationship Emphasis ↗
The Nature of Buyer-Seller Relatonships in a Product’s Supply Chain ↗
Consider the Supply Chain for an EV ↗
Supply Chain Management ↗
Managing Relationships in the Supply Chain ↗
Supply Chain Customers ↗
A Look Ahead ↗
Summary ↗
Discussion Questions ↗
Internet Exercises ↗
Cases. Ford’s All-Electric F-150 Lightning Pro Truck and the Challengers ↗

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