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MEDA Quarterly NewsOCT-DEC 2000 – Vol. 1McDowell
Economic Development Association, Inc.
Marketing McDowell(County) Raymond
Burrows NC Department of Commerce Some history may help bring us a common understanding quickly. Until about 40 years ago the term “marketing” was not in our vocabulary-“selling” was the term most used. The term “selling often called up visions of a used car salesman (there were few women in sales at the time), TV pitchmen and “high pressure” vacuum cleaner sales people. This detracted from the professionalism of those who guided sales in industrial companies, in retail chains, in health-care as well as economic development. At the same time, “selling” is vital to our economy as a common saying goes, “nothing happens until something is sold”. At the end of World War II, the U.S. economy “retooled” for the consumer markets; it started selling the same cars, the same colors-although loaded with options; refrigerators, stoves, washing machines—all white; stick-built housing, natural fiber clothing—except for nylon stockings and other products with few changes. However, some industries developed to serve the war effort in order to survive, had to compete with established companies. For example, Kaiser not only entered the aluminum industry but even introduced-though unsuccessfully-the Kaiser automobile. In response to new and stronger competition, consumers received an increasing variety of choice and options for their product. GE was the first company, which recognized that customers were not so much “buying the product” as “what the product would do for the customer”. The refrigerator, for example, could not only keep the contents fresh but through color indicated the fashion tastes of the home, through its size and options indicate the degree of affluence, etc. This recognition created the “marketing concept”. Adopting this concept meant that GE, in each division, integrated functions that had formerly been quite separate such as production, advertising, sales, finance, etc. A successful company, like GE, had to identify customer needs, develop products to meet those needs, advertise and promote to reach consumers, provide value at a price, conduct personal selling and distribute the product so that it could be purchased at locations preferred by customers.
Thus, the “marketing Concept” came to be recognized as a process of: (1) Identifying target markets and discovering their needs through research. (2) Developing products that would fulfill those needs. (3) Price that consumers could pay. (4) Outlets they prefer to shop. The “marketing concept” or process can be illustrated and probably recognized by any readers who have complete marketing courses. In the illustration below target markets are the center surrounded by segments of the circle: product, promotion, price and lace/location.
Elements of Market Strategy
|
|
N.C.
Region |
|
Number
of Projects |
1999 Investment |
Jobs
Created |
|
Number
of projects |
1999 Investment |
Jobs
Created |
|
Western |
New |
23 |
$76,560,000 |
970 |
Total |
101 |
$294,084,513 |
2,872 |
|
Expansion |
78 |
$217,524,513 |
1,902 |
|||||
|
Carolinas (Charlotte
Area) |
New |
122 |
$725,563,500 |
5,724 |
Total |
358 |
$2,186,912,177 |
17,799 |
|
Expansion |
236 |
$1,461,348,677 |
12,075 |
|||||
|
Piedmont
Triad |
New |
57 |
$382,243,652 |
2,406 |
Total |
209 |
$1,079,588,178 |
7,455 |
|
Expansion |
152 |
$697,344,526 |
5,049 |
|||||
|
Research Triangle |
New |
84 |
$506,447,540 |
3,021 |
Total |
214 |
$1,176,467,397 |
6,953 |
|
Expansion |
130 |
$667,019,857 |
3,932 |
|||||
|
Southeast |
New |
10 |
$23,300,000 |
399 |
Total |
67 |
$251,661,309 |
2,187 |
|
Expansion |
57 |
$228,361,309 |
1,788 |
|||||
|
Global Transpark |
New |
18 |
$84,540,000 |
1,202 |
Total |
76 |
$401,383,431 |
4,163 |
|
Expansion |
58 |
$316,843,431 |
2,961 |
|||||
|
Northeast |
New |
9 |
$11,214,092 |
276 |
Total |
30 |
$101,299,133 |
660 |
|
Expansion |
21 |
$90,085,041 |
384 |
|||||
|
Statewide |
New |
323 |
$1,809,868,784 |
13,998 |
Total |
1,055 |
$5,488,396,138 |
42,089 |
|
Expansion |
732 |
$3,678,527,354 |
28,091 |
Key Gas to Locate Manufacturing Facility in
McDowell County
The specific objectives of
this visitation program includes:
·
Demonstrate to local industry that the community appreciates
their
contribution to the economy.
· Assist existing industry in solving problems that may be identified.
Assist existing industry in understanding and using programs
aimed at helping them become more
competitive.
·
Develop a strategic plan for long range business retention
and
expansion activities.
· Build a community capacity to sustain growth and development.
Current MEDA Board Members
David Wooten, President
Kathy Rabb, Vice President
J.B. Bundy, Secretary/Treasurer
John R. Biddix
Joe Kaylor
Sarah Buchanan
Jim Kilbourne
Everette Clark
Ray Linder
William Dover
Dr. Virginia Mitchell
Larry “Butch” Hogan
Garland Norton
Adolph “Butch” Justice
Dennis Whitson
Ex-Officio Members
Rod Birdsong
Bob Boyette
Rep. Mitch Gillespie
Paul Hughes
Dean Kanipe
MEDA Office Staff
Charles R.
Abernathy, Executive Director
Harriet C. Smith, Office Manager
Phone #
(828) 652-9391
Fax #
(828) 652-8775
E-mail
meda@mcdowell.main.nc.us
McDowell
Economic Development Association, Inc.