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Marketing of Engineering Consultancy Services: A Global Perspective
ISBN:
9780791861837
No. of Pages:
136
Publisher:
ASME Press
Publication date:
2019
eBook Chapter
Chapter 14 Formulating Marketing Mixes (8Ps) for Engineering Consultancy Services
Page Count:
24
-
Published:2019
Citation
Chatterjee, PK, & Chatterjee, PP. "Formulating Marketing Mixes (8Ps) for Engineering Consultancy Services." Marketing of Engineering Consultancy Services: A Global Perspective. Ed. Chatterjee, PK, & Chatterjee, PP. ASME Press, 2019.
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Once the market has been segmented, target market(s) identified and products positioned, marketing strategy can then address the components of marketing mixes. However, making vainglorious announcement is easy but planning to achieve and really achieving them is difficult. For services industry, it was observed that the traditional marketing mix as coined by Professor Neil Borden (twelve elements) and summed up by McCarthy into the 4Ps namely product, price, place and promotion was inadequate because of three main reasons. The first reason was that the original marketing mix was developed for the manufacturing industries which implied that the services offered by...
14.1
Products/ Services (P1)
14.2Price/ Fees (P2)
14.3Promotion (P3)
14.4Placement (P4)
14.5People (P5)
14.6Physical Evidence (P6)
14.7Process (P7)
14.8Pace (P8)
14.9The Need for Integration of the 8Ps
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