Essays on Business-to-Business Marketing Management Case Study

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The paper "Business-to-Business Marketing Management" is a great example of a Marketing Case Study. Business-to-business (B2B) denotes the business transactions between businesses rather than businesses and consumers. B2B marketing places emphasis on the creation of value to the customers and as a consequence, creation of financial value to the company rather than just selling the products. As established, effective business clients often depend on methods that seek to overcome the tendency for opportunism. An underlying implication is to view customer relationship management as a means to maximizing the increased value of the customer portfolio.

To a considerable degree, the business clients will often expect CRM to improve the role of marketing, and consequently, improve the visibility of marketing within an organization's top management. Since business clients always look to obtain significant value from the supplier’ s marketing processes and activities, the role of marketing managing in creating value is critical. Taking these into perspective, managers will need to deliver value to customers by embedding value in the idea, services, information, goods, or all other types of solutions provided to the customer. Marketing managers should also search for exchange partners their companies can work with to make successful transactions.

They should also handle the relative power dependence since dependence is a direct implication of exchange. They also need to manage customer relationships. Critically, the fundamental role of managing relationships is to control economic exchange. Business-to-business (B2B) refers to commercial transactions or exchanges among businesses. Examples include a supplier and a business client, or a manufacturer to a wholesaler (Glynn 2009). A practical example includes the case of Apple and Samsung. The B2B relationship between Apple and Samsung puts the latter in a position of supplying a significant proportion of the raw materials, such as application-specific integrated circuits (ASICs), optical drives, liquid crystal displays (LCDs) to Apple.

Apple uses raw materials to make tablet computers and smartphones for its sale. Currently, Apple is Samsung’ s most faithful and largest customer, while Samsung is Apple’ s biggest suppliers. This is essentially a part of Samsung and Apple’ s business-to-business model (Partner Centre 2012). This paper presents a critical review of the development of marketing theory and concepts within the context of business-to-business marketing.

It further explores how marketing managers can leverage theory and concepts. Lastly, a personal reflection on perspectives regarding marketing and marketing managers is presented. Theory and marketing concept development The concept of networking in B2B marketing Current studies indicate that the field of B2B marketing is rapidly changing due to advanced technology, the greater number of distributions channels and the increased expectation of value creation between the buyer and the seller in B2B marketing (Woodward Fellows 2008; Glynn and Woodside 2012), . According to Glynn and Woodside (2012), B2B marketing is marked by the rapidly changing buyer behaviors and greater prominence of networking and conversations. Regardless of such complexities and constraints, finding, developing and maintaining relationships is at the heart of business marketing.

For these reasons, Glynn and Woodside (2012) explain that businesses involved in B2B marketing tend to be centered on two key strategies, creating demand and creating efficient marketing based value addition and networking strategies. To promote demand, Blythe and Zimmerman (2005) suggest that business have to create interrelationships that are of mutual value. In fact, Kleinaltenkamp and Ehret (2006) comment that B2B has achieved largely borrowed concepts from behavioral science and product marketing of business services.

References

Blythe, J & Zimmerman, A 2005, "Business to Business Marketing Management: A Global Perspective," Cengage Learning EMEA, New York

Brennan, R, Canning, L & McDowell, R 2011, "Fundamentals of Business-to-Business Marketing," SAGE: New York

Döscher, K 2014, "Recovery Management in Business-to-Business Markets: Conceptual Dimensions, Relational Consequences and Financial Contributions," Springer Science & Business Media: New York

Economist, The 2011, “Apple and Samsung's symbiotic relationship Slicing an Apple,” viewed 7 April 2015,

Ellis, N 2010, "Business to Business Marketing: Relationships, Networks and Strategies," Oxford University Press, London

Freytag, P & Philipsen, K 2010, "Challenges in Relationship Marketing," Academica, New York

Glynn, M 2009, "Business-to-business Brand Management: Theory, Research and Executive Case Study Exercises," Emerald Group Publishing: New York

Glynn, M & Woodside, A 2012, “Business-to-business Marketing Management: Strategies, Cases and Solutions,” Emerald Group Publishing, New York

Griniute, I 2012, "Measurement of Marketing Communications Performance: Implications and Theory Building for B2B Organizations," Aarhus University

Grönroos, C 2006, "On defining marketing: finding a new roadmap for marketing," Marketing Theory vol 6, pp.395-417

Hintze, S 2015, "Value Chain Marketing: A Marketing Strategy to Overcome Immediate Customer Innovation Resistance," Springer, New York

Kleinaltenkamp, M & Ehret, M 2006, "Relationship Theory and Business Markets," Emerald Group Publishing, New York

Kleinaltenkamp, M and Ehret, M 2006, "The value added by specific investments: a framework for managing relationships in the context of value networks," Journal of Business and Industrial Marketing, vol 21 no 2, pp.65-71

Kleinaltenkamp, M & Wengler, S 2007, "Key Account Management in Business-to-Business Markets: An Assessment of Its Economic Value," Springer Science & Business Media, New York

Lilien, G & Grewal, R 2012, "Handbook on Business to Business Marketing," Edward Elgar Publishing, New York

Manna, D 2008, "Just-In-Time: Case Studies Of Supplier Relationships Across Industries," The Journal of Applied Business Research vol 24 no 1, pp.75-83

Partner Centre 2012, Apple (AAPL), viewed 7 April 2015,

Rai, A 2012, "Customer Relationship Management: Concepts and Cases," PHI Learning Pvt: Delhi

Sheth, J & Sharma, A "The Surplases and shortages in Business-to-Business Marketing Theory and Research," Journal of Business & Industrial Marketing vol 21 no 7, pp.422–427

Woodward Fellows 2008, "Establishing Effective Governance and Collaboration in Asian Operations," Value Networks Series vol 1, pp.1-14

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