Page 532 - Encyclopedia of Business and Finance
P. 532

eobf_M  7/5/06  3:15 PM  Page 509


                                                                                             Meeting Management


                Coca-Cola’s market share through changes in product and  MEETING
                targeted promotion strategy. In the 1940s, television pro-  MANAGEMENT
                vided a powerful tool for both new and old companies to
                                                                 Meetings have been considered very important from time
                reach segmented markets. By the 1960s, market segmen-
                                                                 immemorial. In fact, it could be said that virtually all of
                tation had surpassed mass marketing as the primary
                                                                 the great events in history resulted from meetings. Meet-
                approach.
                                                                 ings undoubtedly started when the first cave dwellers met
                                                                 to make crude hunting plans. Today, meetings are essen-
                MASS MARKETING NOW AND IN                        tial means for achieving the communication necessary for
                THE FUTURE                                       the operation of virtually all organizations, large and
                In spite of the shift to market segmentation, mass market-  small.
                ing continues to be used in many situations and has  Just exactly what is a meeting? A meeting is a number
                potential for others. Products with broad appeal and few  of people assembled together, usually at a prestated date
                distinguishing characteristics, such as household cleaners,  and time, to discuss a topic for the purpose of presenting
                potato chips, and pain relievers, lend themselves to mass  information, swaying opinion, formulating a decision,
                                                                 practicing a skill, and/or developing a plan of action.
                marketing just as they always have. At the same time,
                                                                 Those at the meeting may belong to the same group, to
                businesses that use mass marketing for their goods and
                                                                 different groups, or perhaps not to any group at all. A
                services continue to look for ways to enlarge their markets
                                                                 meeting might be called by an individual or by an organ-
                by designing different appeals for noncustomers. Chewing
                                                                 ization. Usually the people meeting convene together
                gum, for example, is presented as an alternative to smok-
                                                                 physically within a designated area. Sometimes, however,
                ing. Utilities and credit cards offer special rates to entice
                                                                 meetings are held by people thousands of miles apart via
                potential high-volume customers, while discount retailers,  telephone conference calls or video conferencing.
                such as  Wal-Mart, match their mix of mass-marketed
                products to local customer bases.
                                                                 MAJOR TYPES OF MEETINGS
                   Any product that has mass-marketable attributes will  Many kinds of meetings are held in business. Probably the
                likely be marketed by some form of the approach. In addi-  most common are staff meetings, project team meetings,
                tion, the Internet provides a new medium for mass-mar-  process and procedure meetings, and quarterly meetings.
                keting initiatives, and newly opened international markets  In most large companies, hundreds of these meetings may
                offer a possible arena for mass-marketing opportunities.  occur weekly. Employees of all levels, including many
                SEE ALSO Market Segmentation; Marketing          below top-management level, attend them.

                                                                 Staff meetings.  Most supervisors and managers hold
                BIBLIOGRAPHY                                     weekly or biweekly staff meetings with their “direct
                Gardner, Dana (1998, June). E-Mail Status Is Elevated as Mass
                                                                 reports.” In these meetings, they communicate higher-
                  Marketing Tool. InfoWorld, 1, 84.
                                                                 level decisions that have been made, discuss progress of
                Lakelin, Philip (1999, April). Mass Marketing the Internet.
                                                                 the team toward departmental or company goals, and
                  Telecommunications (International Edition), 59-62.
                                                                 answer any staff members’ questions.
                Tedlow, Richard S. (1996). New and Improved: The Story of Mass
                  Marketing in America. Boston: Harvard Business School
                                                                 Project team meetings. In most large companies, there are
                  Press.
                                                                 often project teams developed and facilitated by project
                Tedlow, Richard S. (1997, Fall). The Beginning of Mass Market-
                  ing in America: George Eastman and Photography as a Case  managers. They are often comprised of people from dif-
                  Study. Journal of Macromarketing, 67-81.       ferent departments whose purpose is to design, develop,
                                                                 and/or implement a new product, process, or system. Pro-
                                                                 ject team members are assigned certain tasks to complete
                                                  Earl C. Meyer  within stipulated time frames. Many of these people serve
                                                  Lori A. Dailey  as part-time project resources in addition to performing
                                                                 their “regular” jobs.

                                                                 Process and procedure meetings. These meetings are usu-
                                                                 ally called to communicate new processes and/or proce-
                MATRIX STRUCTURE                                 dures to a group of people who are affected.  The
                SEE Organizational Structure                     communication includes an overview of the new process


                ENCYCLOPEDIA OF BUSINESS AND FINANCE, SECOND EDITION                                       509
   527   528   529   530   531   532   533   534   535   536   537