- 1. Developing MarketingStrategies and Plans Marketing Management, 13 thed 2
2. Chapter Questions
- How does marketing affect customer value?
- How is strategic planning carried out at different levels of the organization?
- What does a marketing plan include?
3. Three Vs Approach to Marketing
- Define the value proposition
4. What is the Value Chain?
- Thevalue chainis a tool for identifying was to create more customer value because every firm is a synthesis ofprimary and support activitiesperformed to design, produce, market, deliver, and support its product.
5. Core Business Processes
- New-offering realization process
- Customer acquisition process
- Customer relationship management process
- Fulfillment management process
6. Characteristics of Core Competencies
- A source of competitive advantage
- Applications in a wide variety of markets
7. Table 2.1Becoming a Vigilant Organization
- Can we learn from the past?
- How should the present be evaluated?
- What do we envision for the future?
8. What is Holistic Marketing?
- Holistic marketingsees itself as integrating the value exploration, value creation, and value delivery activities with the purpose of building long-term, mutually satisfying relationships and coprosperity among key stakeholders.
9. What is a Marketing Plan?
- Amarketing planis the central instrument for directing and coordinating the marketing effort.
- It operates at astrategic and tactical level.
10. Levels of a Marketing Plan
- Target marketing decisions
- Analysis of marketing opportunities
11. Corporate HeadquartersPlanning Activities
- Define the corporate mission
- Establish strategic business units (SBUs)
- Assign resources to each SBU
- Assess growth opportunities
12. Good Mission Statements
- Focus on a limited number of goals
- Stress major policies and values
- Define major competitive spheres
- Short, memorable, meaningful
13. Major Competitive Spheres
14. Rubbermaid Commercial Products, Inc. Our vision is to be the Global Market Share Leader in each of the markets we serve. Wewill earn this leadership position byproviding to our distributor and end-usercustomers innovative, high-quality, cost- effective and environmentally responsibleproducts. We will add value to these productsby providing legendary customer servicethrough our Uncompromising Commitmentto Customer Satisfaction. 15. Motorola The purpose of Motorola is to honorably serve the needs of the community by providing products and services of superior quality at afair price to our customers; to do this so as to earn an adequate profit which is required for the total enterprise to grow; and by doing so,provide the opportunity for our employees and shareholders to achieve their personalobjectives. 16. eBay We help people trade anything on earth. We will continue to enhance the online trading experiences of all collectors,dealers, small businesses, unique item seekers, bargain hunters, opportunity sellers, and browsers . 17. Table 2.3Product Orientation vs. Market Orientation We entertain people We make movies Columbia Pictures We supply energy We sell gasoline Standard Oil We improve office productivity We make copying equipment Xerox We are a people-and-goods mover We run a railroad Missouri-Pacific Railroad Market Product Company 18. Dimensions that Define a Business
19. Characteristics of SBUs
- It is a single business or collection of related businesses
- It has its own set of competitors
- It has a leader responsible for strategic planning and profitability
20. Ansoffs Product-MarketExpansion Grid
- Market penetration strategy
- Market development strategy
- Product development strategy
21. What is Corporate Culture?
- Corporate cultureis the shared experiences, stories, beliefs, and norms that characterize an organization.
22. Tactics for Managing Change
- Avoid the innovation title for the team
- Set the metrics in advance
- Get data to back up your gut
23. SWOT Analysis
24. Market Opportunity Analysis (MOA)
- Can the benefits involved in the opportunity be articulated convincingly to a defined target market?
- Can the target market be located and reached with cost-effective media and trade channels?
- Does the company possess or have access to the critical capabilities and resources needed to deliver the customer benefits?
25. Market Opportunity Analysis (MOA) (cont.)
- Can the company deliver the benefits better than any actual or potential competitors?
- Will the financial rate of return meet or exceed the companys required threshold for investment?
26. Goal Formulation and MBO
- Units objectives must be hierarchical
- Objectives should be quantitative
- Goals should be realistic
- Objectives must be consistent
27. Porters Generic Strategies
28. Categories of Marketing Alliances
- Product or service alliance
29. Marketing Plan Contents
30. Evaluating a Marketing Plan