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CIM

REV

ISIONCARDS

Strateg

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TABLE

OFCONTE

NTS

Pref

ace

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

..iv

1.In

trod

uctio

nto

Str

ateg

icM

arke

ting

inPr

actic

e..

....

....

....

....

....

....

....

12.

Wha

tis

mea

ntby

Cas

eS

tudy

Ana

lysi

s?..

....

....

....

....

....

....

....

....

...

103.

Und

erst

andi

ngth

eD

irec

tion

and

Man

agem

ent

ofM

arke

ting

Act

iviti

es..

.33

4.C

onte

mpo

rary

Mar

ketin

gIs

sues

....

....

....

....

....

....

....

....

....

....

....

...

455.

Effe

ctiv

eC

usto

mer

Ori

enta

tion

....

....

....

....

....

....

....

....

....

....

....

....

746.

The

Exam

inat

ion

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

93

PREF

ACE

Wel

com

eto

the

CIM

Rev

isio

nC

ards

from

Else

vier

/But

terw

orth

–H

eine

man

n.W

eho

peyo

uw

illfin

dth

ese

usef

ulto

revi

sefo

ryo

urC

IMex

am.

The

card

sar

ede

sign

edto

beus

edin

conj

unct

ion

with

the

CIM

Cou

rseb

ooks

from

Else

vier

/But

terw

orth

–H

eine

man

n,an

dha

vebe

enw

ritt

ensp

ecifi

cally

with

revi

sion

inm

ind.

They

also

serv

eas

inva

luab

lere

view

sof

the

com

plet

em

odul

es,

perf

ect

for

thos

est

udyi

ngvi

ath

eas

sign

men

tro

ute.

nLe

arni

ngou

tcom

esat

the

star

tof

each

chap

ter

iden

tify

the

mai

npo

ints

nK

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sum

mar

ized

,he

lpin

gyo

uco

mm

itth

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form

atio

nto

mem

ory

quic

kly

and

easi

ly

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amin

atio

nan

dre

visi

ontip

sar

epr

ovid

edto

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agu

idan

cew

hen

prep

arin

gfo

rth

eex

am

nK

eydi

agra

ms

are

feat

ured

toai

dth

ele

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sure

sth

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soyo

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ost

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onca

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emas

freq

uent

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cour

se.

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adal

ongs

ide

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they

serv

eas

the

idea

lco

mpa

nion

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text

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ood

luck

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ew

ish

you

ever

ysu

cces

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ithyo

urC

IMqu

alifi

catio

n!

INTR

ODUCTIONTO

STR

ATE

GIC

MARKET

INGIN

PRACTICE

LEARNIN

GOUTCOMES

�Id

entif

yan

dcr

itica

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tem

arke

ting

issu

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ithin

vari

ous

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ents

,ut

ilizi

nga

wid

eva

riet

yof

mar

ketin

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ques

,co

ncep

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dm

odel

s�

Ass

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uate

vari

ous

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trai

nts

and

appl

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mpe

titiv

epo

sitio

ning

stra

tegi

es,

just

ifyin

gan

yde

cisi

ons

take

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Form

ulat

ean

dpr

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tive,

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-foc

used

and

inno

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mpe

titiv

est

rate

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ven

cont

ext,

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atin

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men

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cisi

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opri

ate

cont

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cts

and

cont

inge

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plan

s�

Dem

onst

rate

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tand

ing

ofth

edi

rect

ion

and

man

agem

ent

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arke

ting

activ

ities

aspa

rtof

the

impl

emen

tatio

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stra

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ngin

toac

coun

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telli

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ts,

mar

ketin

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tsan

dth

eco

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nyvi

sion

Unit1

STR

ATEGIC

MARKETINGIN

PRACTICE

1

LEARNIN

GOUTCOMES

–CONTIN

UED

�Pr

omot

ean

dfa

cilit

ate

the

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tion

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ance

ofa

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dcu

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etri

cs�

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ous

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mod

ules

effe

ctiv

ely

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ping

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fect

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tion

for

any

give

nco

ntex

t

Aim

Mar

ketin

gha

sto

befir

mly

root

edin

theo

ryan

dpr

actic

e.Pr

actic

ein

form

sth

eory

and

vice

vers

a.S

trat

egic

Mar

ketin

gin

Prac

tice

build

son

the

know

ledg

ean

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ills

deve

lope

din

the

prec

edin

gm

odul

es,

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also

look

sfo

ran

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all

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pete

nce

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ting

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mpa

sses

all

the

vari

ous

subj

ect

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vere

din

the

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alifi

catio

nle

vels

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mar

ketin

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lyev

olvi

ng,

one

ofth

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ms

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ism

odul

eis

toex

plor

eth

ela

test

tren

dsan

din

nova

tions

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vant

tom

arke

ters

oper

atin

gat

ast

rate

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ithin

orga

niza

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ere

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for

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ect

asit

isba

sed

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rth

eot

her

post

-gra

duat

em

odul

es.

INTR

ODUCTIONTO

STR

ATEGIC

MARKETINGIN

PRACTICE

2

Ana

lysisan

dEvalua

tion

–C

over

sth

eco

ncep

ts,

tech

niqu

esan

dm

odel

sin

volv

edin

deve

lopi

nga

deta

iled

unde

rsta

ndin

gof

the

mar

ket,

cust

omer

san

dco

mpe

titiv

een

viro

nmen

tou

tsid

ean

din

side

the

orga

niza

tion,

itsca

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litie

s,an

das

sets

,an

dop

port

uniti

esav

aila

ble

Strateg

icMarketing

Decisions

–C

over

sth

eco

ncep

ts,

tech

niqu

esan

dm

odel

sin

volv

edin

form

ulat

ing

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stom

er-f

ocus

edco

mpe

titiv

ebu

si-

ness

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rpor

ate

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lopi

nga

spec

ific

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eren

tiate

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titiv

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sitio

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udes

inve

stm

ent

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saf

fect

ing

mar

ketin

gas

sets

Man

agingMarketing

Perform

ance

–C

over

sth

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enta

tion

stag

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stra

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.Th

isen

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pass

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anag

ing

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ams,

man

agin

gch

ange

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plem

entin

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rate

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roug

hm

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ting

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ites,

wor

king

with

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-m

ents

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usin

gm

easu

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impr

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lysi

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orm

ance

Str

ateg

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Str

ateg

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actic

ean

dlin

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.

STR

ATEGIC

MARKETINGIN

PRACTICE

3

Mar

ketin

gdr

ives

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busi

ness

agen

da

Mar

ketin

gis

ase

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ithcr

eatin

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ting

and

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lue

for

cust

omer

s.O

rgan

izat

ions

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ctpr

ofes

sion

alm

arke

ters

tode

velo

pan

incr

easi

ngse

nse

ofow

ners

hip

for

the

who

lecu

stom

erex

peri

ence

;th

isre

quir

esth

emto

bem

ore

awar

eof

the

oper

atio

nal

busi

ness

agen

da.

Prof

essi

onal

mar

kete

rsin

publ

icly

quot

edor

limite

dco

mpa

nies

have

to:

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term

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hile

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rbu

sine

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nm

axim

ize

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omic

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itth

roug

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ncy,

mar

ketin

gis

the

only

way

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arke

ting

typi

cally

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tes

thre

etim

esm

ore

valu

eth

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her

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tions

.

nCreatean

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ers

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arke

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teva

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valu

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stom

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rvic

es.

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ngpe

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e,m

arke

ters

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teth

eop

port

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ium

pric

ing

thro

ugh

whi

chec

onom

icpr

ofit

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crea

sed.

nTa

kecharge

ofthebu

sine

ssag

enda

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arke

ting

uses

itsac

tiviti

esan

das

sets

tocr

eate

cust

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valu

e.S

hare

hold

ers

mea

sure

the

valu

eth

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ebu

sine

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eate

dfo

rth

emas

the

sum

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vide

nds

paid

and

incr

ease

insh

are

pric

e.M

arke

ting

has

tota

kech

arge

ofin

vest

men

tin

mar

ketin

gas

sets

and

the

activ

ities

that

crea

teva

lue.

INTR

ODUCTIONTO

STR

ATEGIC

MARKETINGIN

PRACTICE

4

Mar

ketin

gac

tiviti

esin

orga

niza

tions

can

begr

oupe

dbr

oadl

yin

tofo

urm

odel

s:

Sales

Sup

port

Com

mon

inS

ME’

san

dso

me

B2B

cont

exts

,th

eem

phas

isis

esse

ntia

llyre

activ

ew

ithm

arke

ting

supp

ortin

ga

dire

ctsa

les

forc

ean

din

clud

ing

activ

ities

such

aste

le-m

arke

ting

and

resp

ondi

ngto

inqu

irie

s.

Ope

ration

alMarketing

Mar

ketin

gsu

ppor

tsth

eor

gani

zatio

nw

itha

co-o

rdin

ated

rang

eof

activ

ities

.Pl

anni

ngis

atth

eop

erat

iona

lan

dfu

nctio

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l.Ty

pica

llyus

edin

FMC

G,

B2C

and

B2B

.

Marketing

Com

mun

ications

Mar

ketin

gpr

omot

esth

roug

hpu

shan

dpu

llco

mm

unic

atio

nspr

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ing

the

orga

niza

tion.

Mor

epr

oact

ive

appr

oach

uses

com

mun

icat

ion

met

hods

tora

ise

awar

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tele

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take

orde

rs.

Strateg

icMarketing

Emph

asis

oncr

eatin

gva

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deve

lopi

nga

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petit

ive

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actic

edin

larg

eran

dcu

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er-f

ocus

edor

gani

zatio

ns,

with

stra

tegi

cm

arke

ting

deci

sion

sbe

ing

mad

eby

prof

essi

onal

mar

kete

rsor

busi

ness

lead

ers.

STR

ATEGIC

MARKETINGIN

PRACTICE

5

Mar

ketin

gco

ntri

bute

sto

corp

orat

ean

dbu

sine

sspl

ans

and

deve

lops

itsow

nfu

nctio

nal

plan

atan

oper

atio

nal

leve

l.

VIS

ION

Ana

lysi

s

Mis

sion

Sta

tem

ent

Feedback and iteration

Obj

ectiv

es

Str

ateg

ies

Tac

tics

Con

trol

Sum

mar

y

Und

erst

andi

ng th

e en

viro

nmen

t, st

akeh

olde

rs, c

urre

nt p

ositi

on, l

evel

of

mar

ket o

rient

atio

n, c

orpo

rate

rep

utat

ion,

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ical

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nce,

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stan

ce, m

arke

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Mea

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wth

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res,

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ts. Q

ualit

ativ

e as

pect

s su

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s th

e de

velo

pmen

t of

mar

ketin

g C

ompe

tenc

ies,

bra

ndin

g ef

fect

iven

ess

Util

isin

g m

odel

s su

ch a

s P

orte

r, A

nsof

f, G

E M

atrix

to d

evel

op

mar

ketin

g st

rate

gies

. Bro

ader

pol

itica

l str

ateg

ies

to c

omm

unic

ate

with

al

l sta

keho

lder

s.

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rt te

rm m

arke

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ics

taki

ng in

to a

ccou

nt c

urre

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esid

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l cor

pora

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n

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etric

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king

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ount

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s th

at

the

com

pany

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le to

Key

asp

ects

of t

he m

arke

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s

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ateg

icM

arke

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elfo

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e21

stce

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y.

INTR

ODUCTIONTO

STR

ATEGIC

MARKETINGIN

PRACTICE

6

Are

asof

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sfo

rS

MIP

The

SM

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odul

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gned

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atio

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ined

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thre

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ide

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fect

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ting

activ

ities

.

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clud

e:

Glo

baliz

atio

n

Man

ym

ultin

atio

nals

have

oper

ated

glob

ally

for

year

sbu

tte

chno

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ange

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ablin

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alle

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nies

the

oppo

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ityof

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atin

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obal

ly.

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intr

oduc

tion

ofth

eEu

roha

sle

adto

the

deve

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ent

ofpa

n-Eu

rope

anm

arke

ts.

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aniz

atio

nal

Issu

es

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cultu

rean

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ture

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eor

gani

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eto

inap

prop

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est

ruct

ures

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rson

nel,

can

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sor

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reof

the

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ned

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gy.

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tain

abili

ty

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port

ance

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port

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sed

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.

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stra

ints

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ourc

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ifica

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finan

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l.

STR

ATEGIC

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PRACTICE

7

Gui

delin

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e-pr

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eth

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udy

four

wee

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ior

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amin

atio

nda

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Stu

dent

sar

ere

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edto

prod

uce

six

page

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prep

ared

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ysis

whi

chw

illbe

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itted

with

the

exam

inat

ion

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pt.

25%

mar

ksca

nbe

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ded

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ysis

asfo

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Ana

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lied

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ques

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yor

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zatio

n

INTR

ODUCTIONTO

STR

ATEGIC

MARKETINGIN

PRACTICE

8

Rev

isio

ntip

s

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mili

ariz

eyo

urse

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ein

form

atio

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ined

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ules

you

have

stud

ied

atPo

stG

radu

ate

leve

l

nFa

mili

ariz

eyo

urse

lfw

ithm

ore

oper

atio

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atPr

ofes

sion

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ertif

icat

ele

vel

that

you

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ally

,su

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dco

mm

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atio

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rang

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rary

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that

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yor

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dth

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pose

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gm

etri

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ess

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ared

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ysis

STR

ATEGIC

MARKETINGIN

PRACTICE

9

WHATIS

MEA

NTBY

CASESTU

DYANALY

SIS

?KNOWLEDGE

AND

SKIL

LREQUIR

EMENTS

�A

naly

sis,

inte

rpre

tatio

n,ev

alua

tion

and

synt

hesi

sof

info

rmat

ion,

incl

udin

gth

eab

ility

todr

awco

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sion

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tific

atio

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plor

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dev

alua

tion

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ectio

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catio

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prop

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oncr

iteri

a�

Esta

blis

hing

the

activ

ities

,re

sour

ces

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sche

dule

need

edto

impl

emen

tth

ech

osen

stra

tegy

�W

orki

ngw

ithot

hers

toim

plem

ent

and

cont

rol

the

stra

tegy

SyllabusReference:1.1–1

.5

Unit2

Ana

lysi

ngth

eca

sest

udy

Ana

lysi

ngth

esi

tuat

ion

the

orga

niza

tion

finds

itsel

fin

thro

ugh

the

use

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yco

ncep

tsso

urce

dfr

omth

eot

her

post

-gra

duat

em

odul

es.

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aile

dan

def

fect

ive

anal

ysis

shou

ldco

ver

nTh

eke

yhi

stor

ical

even

ts

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PES

TLE

anal

ysis

nA

SW

OT

anal

ysis

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oduc

tm

arke

ting

anal

ysis

nIs

sues

spec

ific

toth

eca

se

nLi

kely

cons

trai

nts

nA

nyst

ruct

ural

feat

ures

/con

trol

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es

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eyis

sues

aris

ing

from

anal

ysis

His

tori

cal

even

ts

Itis

impo

rtan

tto

anal

yse

the

key

criti

cale

vent

sw

hich

have

shap

edth

eco

mpa

ny’s

deve

lopm

ent.

Und

er-

stan

ding

the

evol

utio

nof

anin

dust

ryan

dth

ede

cisi

ons

mad

eov

ertim

eca

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ovid

ea

valu

able

insi

ght

into

the

orga

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slik

ely

capa

bilit

ies

inth

efu

ture

.

PES

TLE

anal

ysis

Toun

ders

tand

the

effe

ctof

the

MA

CR

Oen

viro

nmen

tup

onth

ein

dust

ryse

ctor

and

tohi

ghlig

htke

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ends

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clud

es

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litic

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ctor

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onom

icfa

ctor

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ocia

lfa

ctor

s

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chno

logi

cal

fact

ors

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viro

nmen

tal

fact

ors

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gal

fact

ors

STR

ATEGIC

MARKETINGIN

PRACTICE

11

SW

OT

anal

ysis

Onc

eth

epr

evio

ustw

ost

ages

have

been

com

plet

ed,

the

info

rmat

ion

toco

mpl

ete

aS

WO

Tan

alys

isca

nbe

obta

ined

from

Port

ers

5Fo

rces

Mod

el.

How

the

SW

OT

Ana

lysi

s H

elps

the

Pla

nnin

g P

roce

ss

Str

engt

hs

e.g.

no.

1 in

mar

ket p

lace

Opp

ortu

nitie

s

e.g.

com

petit

or d

ropp

ing

from

mar

ket

e.g.

new

legi

slat

ion

for

cert

ain

prod

ucts

Ext

erna

l to

com

pany

Inte

rnal

toco

mpa

ny

Wea

knes

ses

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vert

s

Con

vert

s

C O N V E R T

e.g.

poo

r cu

stom

er s

ervi

ce

Thr

eats

WHATIS

MEA

NTBYCASESTU

DYANALYSIS?

12

Port

ers

5Fo

rces

Mod

el

This

mod

elin

corp

orat

esth

eef

fect

ofth

eM

ICR

Oen

viro

nmen

tal

ongs

ide

MA

CR

Ofo

rces

.

Bar

gain

ing

pow

erof

sup

plie

rs

Bar

gain

ing

pow

erof

buy

ers

Thr

eat o

f sub

stitu

tepr

oduc

ts o

r se

rvic

es

Thr

eat o

f new

ent

rant

s

Goa

lsob

ject

ives

mis

sion

Res

ulta

n tpo

sitio

n

Cur

rent

com

petit

ive

posi

tioni

ng

Pot

entia

lco

mpe

titiv

epo

sitio

ning

Indu

stry

/Tec

hnol

ogy

fact

ors

Riv

alry

am

ong

exis

ting

firm

s

STR

ATEGIC

MARKETINGIN

PRACTICE

13

McK

inse

y’s

7-s

mod

el

The

inte

rnal

stre

ngth

san

dw

eakn

esse

sof

the

orga

niza

tion

can

beas

sess

edus

ing

the

follo

win

gm

odel

.

Str

ateg

y

Ski

lls

Sta

ff

Sha

red

valu

es

Sys

tem

s

Sty

le

Str

uctu

re

WHATIS

MEA

NTBYCASESTU

DYANALYSIS?

14

Prod

uct

mar

ket

anal

ysis

Man

ym

odel

sex

ist

toau

dit

the

rang

eof

mar

kets

,pr

oduc

tsan

dse

rvic

esth

atan

orga

niza

tion

isin

volv

edin

.Th

efir

stof

thes

eis

the

Prod

uct

Port

folio

mod

elw

hich

allo

ws

anal

ysis

ofpr

oduc

tsor

SB

Us

inte

rms

ofth

eat

trac

tiven

ess

ofth

em

arke

tan

dth

eor

gani

zatio

n’s

rela

tive

posi

tion

with

inth

atm

arke

t.Th

ere

are

five

mod

els

with

inth

isca

tego

ryw

hich

vary

inco

mpl

exity

and

appl

icab

ility

.

All

can

beus

edas

audi

tto

ols

and

for

eval

uatin

gst

rate

gic

optio

nsla

ter

inth

epl

anni

ngpr

oces

s.

STR

ATEGIC

MARKETINGIN

PRACTICE

15

Bos

ton

cons

ultin

ggr

id

Rel

ativ

e m

arke

t sha

re

Hig

h

Hig

h

1.0

1001020

0.1

Low

Low

Market growth rate (%)

Sta

r

Cas

h co

wD

og

Que

stio

n m

ark

WHATIS

MEA

NTBYCASESTU

DYANALYSIS?

16

GE

mat

rix

20

Hig

h

Med

ium

Market attractiveness

Com

petit

ive

posi

tion

Low 0

96

30

Str

ong

Med

ium

Wea

k

SB

U2

SB

U1

SB

U3

SB

U5

SB

U4

STR

ATEGIC

MARKETINGIN

PRACTICE

17

She

lldi

rect

iona

lpo

licy

mat

rix

Pro

spec

ts fo

r se

ctor

pro

fitab

ility

Dis

inve

stD

oubl

e or

qui

t

Try

har

der

Lead

er

Pha

sed

with

draw

al

Pha

sed

with

draw

al

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hge

nera

tion

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attr

acti

veA

ttra

ctiv

eA

vera

ge

Wea

k

Ave

rag

e

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on

g

Lea

der

Gro

wth

Gro

wth

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sto

dia

l

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todi

al

Company's competitive capability

WHATIS

MEA

NTBYCASESTU

DYANALYSIS?

18

Abe

lan

dH

amm

ond

3�

3in

vest

men

top

port

unity

mat

rix

Com

petit

ive

posi

tion

Market attractiveness

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ong

High Medium Low

Med

ium

Wea

k

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vera

ll attr

activ

enes

s

High o

vera

ll attr

activ

enes

s

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vera

ll attr

activ

enes

s

Med

ium o

vera

ll attr

activ

enes

s

Med

ium o

vera

ll attr

activ

enes

s

Med

ium o

vera

ll attr

activ

enes

s

Low o

vera

ll attr

activ

enes

s

Low o

vera

ll attr

activ

enes

s

Low o

vera

ll attr

activ

enes

s

Sou

rce:

Wils

onan

dG

illig

an(2

006)

.StrategicMarketingManagem

ent

(thi

rded

ition

).O

xfor

d:El

sevi

er.

STR

ATEGIC

MARKETINGIN

PRACTICE

19

The

Art

hur

DLi

ttle

stra

tegi

cco

nditi

onm

atri

x

• G

row

fast

• A

im fo

r co

st

lea

ders

hip

• D

efen

d po

sitio

n•

Act

offe

nsiv

ely

• D

efen

d po

sitio

n•

Incr

ease

the

im

port

ance

of c

ost

• A

ct o

ffens

ivel

y

• G

row

fast

• D

iffer

entia

te

• G

row

fast

• D

iffer

entia

te

• Lo

wer

cos

t•

Diff

eren

tiate

• A

ttack

sm

all f

irms

• Lo

wer

cos

t•

Diff

eren

tiate

• A

ttack

sm

all f

irms

• Lo

wer

cos

t•

Diff

eren

tiate

• F

ocus

• F

ocus

• D

iffer

entia

te•

Hit

smal

ler

firm

s

Sta

ge o

f ind

ustr

y m

atur

ity

Competitive position

Em

bryo

nic

Favourable

Mat

ure

Dominant

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wth

Strong

• D

efen

d po

sitio

n•

Foc

us•

Con

side

r w

ithdr

awal

• H

arve

st

• H

arve

st

Age

ing

• G

row

the

indu

stry

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ocus

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old-

on o

r w

ithdr

aw•

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he•

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for

grow

th

• H

old-

on o

r w

ithdr

aw•

Nic

he

Tenable

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ithdr

aw

• S

earc

h fo

r a

nich

e•

Atte

mpt

to c

atch

oth

ers

• N

iche

or

with

draw

• W

ithdr

aw

Weak

• W

ithdr

aw

• G

row

fast

• B

uild

bar

riers

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ct o

ffens

ivel

y

Sou

rce:

Wils

onan

dG

illig

an(2

006)

.StrategicMarketingManagem

ent

(thi

rded

ition

).O

xfor

d:El

sevi

er.

WHATIS

MEA

NTBYCASESTU

DYANALYSIS?

20

Prod

uct

lifec

ycle

port

folio

mix

This

mod

elco

mbi

nes

the

life

stag

eof

the

prod

uct/

serv

ice

with

the

port

folio

appr

oach

,al

soco

nsid

erin

gth

ein

vest

men

tim

plic

atio

ns.

Low

‘Infa

nts’

(neg

ativ

e ca

sh fl

ow)

‘Sta

rs’

(mod

est p

ositi

ve o

rne

gativ

e ca

sh fl

ow)

‘Pro

blem

chi

ldre

n’(la

rge

nega

tive

cash

flow

)

‘Cas

h co

ws’

(larg

e po

sitiv

eca

sh fl

ow)

‘War

hor

ses’

(pos

itive

cas

h flo

w)

‘Dog

s’(m

odes

t pos

itive

or

nega

tive

cash

flow

)

‘Dod

os’

(Neg

ativ

e ca

sh fl

ow)

Hig

h Rel

ativ

e m

arke

t sha

reLo

w

Med

ium

Market growth

Low

Neg

ativ

e

STR

ATEGIC

MARKETINGIN

PRACTICE

21

Str

ateg

icpo

sitio

nan

dac

tion

eval

uatio

n–

SPA

CE

anal

ysis

Dev

elop

edby

the

BC

GG

roup

,th

ism

odel

anal

yses

the

orga

niza

tion’

spo

sitio

nin

rega

rdto

four

key

area

s

nFi

nanc

ial

stre

ngth

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dust

rial

stre

ngth

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ompe

titiv

est

reng

th

nEn

viro

nmen

tal

stab

ility

The

aver

age

scor

efo

rea

chse

ctio

nis

then

plot

ted

toar

rive

ata

cons

olid

ated

stra

tegi

cpo

sitio

n.

This

anal

ysis

wor

ksbe

stfo

rpr

ivat

ese

ctor

orga

niza

tions

and

islim

ited

inits

use

for

NFP

and

publ

icse

ctor

s

Com

pany

's fi

nanc

ial s

tren

gth

FS

Env

ironm

enta

l sta

bilit

y E

S

Com

pany

’s c

ompe

titiv

ead

vant

age

CA

Indu

stry

str

engt

h IS

Co

mp

etit

ive

Ag

gre

ssiv

eC

on

serv

ativ

e

Def

ensi

ve

−6−5

−4−3

−2−1

12

34

56

6 5 4 3 2 1 −1 −2 −3 −4 −5 −6

WHATIS

MEA

NTBYCASESTU

DYANALYSIS?

22

Fact

ors

for

SPA

CE

Ana

lysi

s

Fact

ors

dete

rmin

ing

finan

cial

stre

ngth

Ret

urn

onin

vest

men

tLo

w0

12

34

56

Hig

h

Leve

rage

(Dep

tto

equi

tyra

tio)

Low

01

23

45

6H

igh

Liqu

idity

(cas

hhe

ld)

Low

01

23

45

6H

igh

Cap

ital

requ

ired

/cap

ital

avai

labl

eH

igh

01

23

45

6Lo

w

Cas

hflo

wW

eak

01

23

45

6S

tron

g

Ease

ofex

itfr

omth

em

arke

tD

iffic

ult

01

23

45

6Ea

sy

Ris

kin

volv

edin

the

busi

ness

Low

01

23

45

6H

igh

Oth

er(y

our

own

fact

or)

Low

01

23

45

6H

igh

Ave

rage

:

Cri

tical

fact

ors

and

your

asse

ssm

ent

ofth

isar

eaof

the

orga

niza

tion

STR

ATEGIC

MARKETINGIN

PRACTICE

23

Factorsde

term

iningcompe

titive

advantag

e

Mar

ket

shar

eLo

w0

12

34

56

Hig

h

Prod

uct/

serv

ice

qual

ity(c

ompa

red

toco

mpe

titor

s)Lo

w0

12

34

56

Hig

h

Prod

uct

life

cycl

esst

ages

(for

rang

eof

prod

ucts

/ser

vice

s)S

imila

r0

12

34

56

Diff

eren

t

Prod

uct/

serv

ice

repl

acem

ent

cycl

eVa

riab

le0

12

34

56

Fixe

d

Cus

tom

erlo

yalty

Low

01

23

45

6H

igh

Gen

eral

utili

zatio

nof

capa

city

byth

eco

mpe

titio

nLo

w0

12

34

56

Hig

h

Tech

nolo

gica

lkn

owle

dge

and

com

pete

nce

Low

01

23

45

6H

igh

The

degr

eeof

vert

ical

inte

grat

ion

ofth

eco

mpa

nyLo

w0

12

34

56

Hig

h

Oth

er(y

our

own

fact

or)

Low

01

23

45

6H

igh

Ave

rage�

Sup

pose

the

tota

lsc

ore

com

esto

36.

This

divi

ded

by8

fact

ors¼

4.5

take

away

�1.

5(S

oyo

uw

illge

ta

nega

tive

scor

efo

rth

isfa

ctor

.)

Cri

tical

fact

ors

and

your

asse

ssm

ent

ofth

isar

eaof

the

orga

niza

tion

WHATIS

MEA

NTBYCASESTU

DYANALYSIS?

24

Factorsde

term

iningindu

stry

streng

th

Gro

wth

pote

ntia

lLo

w0

12

34

56

Hig

h

Prof

itpo

tent

ial

Low

01

23

45

6H

igh

Fina

ncia

lst

abili

ty(w

ithin

the

sect

or)

Low

01

23

45

6H

igh

Tech

nolo

gica

lkn

ow-h

ow(n

eede

dto

oper

ate

with

inth

ese

ctor

)S

impl

e0

12

34

56

Com

plex

Res

ourc

eut

iliza

tion

(gen

eral

lyw

ithin

the

sect

or)

Poor

01

23

45

6G

ood

Cap

ital

inte

nsity

(req

uisi

teca

pita

lfo

rop

erat

ing

inth

ese

ctor

)H

igh

01

23

45

6Lo

w

Ease

ofen

try

into

the

mar

ket

Easy

01

23

45

6D

iffic

ult

Leve

lof

prod

uctiv

ityan

dca

paci

tyut

iliza

tion

Low

01

23

45

6H

igh

Oth

er(y

our

choi

ceof

fact

or)

Low

01

23

45

6H

igh

Ave

rage

:

Cri

tical

fact

ors

dete

rmin

ing

indu

stry

stre

ngth

STR

ATEGIC

MARKETINGIN

PRACTICE

25

Factorsde

term

iningen

vironm

entalstab

ility

Tech

nolo

gica

lch

ange

sM

any

01

23

45

6Fe

w

Rat

eof

infla

tion

Hig

h0

12

34

56

Low

Vari

abili

tyof

dem

and

Hig

h0

12

34

56

Low

Pric

era

nge

ofco

mpe

ting

prod

ucts

Wid

e0

12

34

56

Nar

row

Bar

rier

sto

entr

yin

toth

em

arke

tFe

w0

12

34

56

Man

y

Com

petit

ive

pres

sure

Hig

h0

12

34

56

Low

Pric

eel

astic

ityof

dem

and

Elas

tic0

12

34

56

Inel

astic

Oth

er(a

fact

orof

your

own

choi

ce)

Ave

rage

�6¼

Aga

info

rth

isas

sess

men

t,su

ppos

eth

eav

erag

eis

40,

this

divi

ded

by8¼

5.Th

en5�

�1

(ane

gativ

efig

ure)

The

key

criti

cal

fact

ors

that

dete

rmin

een

viro

nmen

tal

stab

ility

WHATIS

MEA

NTBYCASESTU

DYANALYSIS?

26

Con

solid

atin

gth

eS

PAC

Ean

alys

is

The

xan

dy

co-o

rdin

ates

used

topo

sitio

nth

eor

gani

zatio

nw

ithin

the

mat

rix

are

arri

ved

atby

first

addi

ngth

eC

Aan

dIS

toge

tth

ex

axis

poin

t,an

dth

enad

ding

the

FSan

dES

toge

tth

ey

axis

poin

t.

The

impl

icat

ions

offa

lling

inea

chqu

adra

ntbe

ing

Agg

ressivePosture

–Th

eco

mpa

nyne

eds

tost

reng

then

itspo

sitio

nin

anat

trac

tive

mar

ket

sect

orw

hich

islik

ely

toat

trac

tne

wen

tran

ts.

This

can

beac

hiev

edby

rais

ing

mar

ket

shar

eor

exte

ndin

gpr

oduc

tra

nge

Com

petitive

Posture

–H

ere

the

com

pany

enjo

ysco

mpe

titiv

est

reng

thw

ithin

atu

rbul

ent

envi

ronm

ent.

Furt

her

stre

ngth

can

bega

ined

byga

inin

gfin

anci

alst

reng

thby

redu

cing

cost

sw

hile

furt

her

diff

eren

tiatin

gth

eir

offe

ring

thro

ugh

incr

ease

dm

arke

ting

activ

ity

Con

servativePosture

–In

vest

men

tto

fund

grow

this

orga

nize

dei

ther

byen

teri

ngne

wm

arke

tsor

exte

ndin

gpr

oduc

tra

nge.

Alte

rnat

ivel

y,ad

optin

ga

nich

eap

proa

chca

nle

adto

mor

efo

cus

ona

sect

orse

gmen

t

Defen

sive

Posture

–R

etre

nchm

ent

isne

cess

ary

whe

reco

mpe

titiv

epo

sitio

nan

dfin

anci

alst

reng

thar

elo

w.

Cut

ting

prod

uct

lines

,co

sts

and

slow

ing

dow

nin

vest

men

tar

ere

quir

edto

redu

ceth

eri

skof

take

over

.Tu

rnar

ound

stra

tegi

esre

quir

edfo

llow

ing

ape

riod

ofha

rves

t.

STR

ATEGIC

MARKETINGIN

PRACTICE

27

Gap

anal

ysis

Are

view

ofga

psth

atex

ist

topr

even

tth

eor

gani

zatio

nfr

omre

achi

ngits

goal

sin

the

past

isal

sore

quir

ed.

This

can

beac

hiev

ed

nProdu

ctline

gap

–C

losi

ngth

isga

pen

tails

com

plet

ion

ofa

prod

uct

line,

eith

erin

wid

thor

inde

pth,

byin

trod

ucin

gne

wor

impr

oved

prod

ucts

.

nDistributionga

p–

This

gap

can

bere

duce

dby

expa

ndin

gth

eco

vera

ge,

inte

nsity

and

expo

sure

ofdi

stri

butio

n.

nUsage

gap

–To

incr

ease

usag

e,a

firm

need

sto

indu

cecu

rren

tno

n-us

ers

totr

yth

epr

oduc

tan

den

cour

age

curr

ent

user

sto

incr

ease

thei

rus

age.

nCom

petitive

gap

–Th

isga

pca

nbe

clos

edby

mak

ing

inro

ads

into

the

mar

ket

posi

tion

ofdi

rect

com

petit

ors

asw

ell

asth

ose

who

mar

ket

subs

titut

epr

oduc

ts.

nInternationa

lization

gap

–Th

isga

pca

nbe

shor

tene

dth

roug

hex

port

ing,

join

tve

ntur

ear

rang

emen

tsan

dst

rate

gic

allia

nces

.

nCom

mun

ications

gap

–Th

isga

pca

nbe

shor

tene

dth

roug

had

vert

isin

gst

rate

gies

,PR

orpr

oact

ive

use

ofth

ew

eb.

WHATIS

MEA

NTBYCASESTU

DYANALYSIS?

28

The

SER

VQU

AL

mod

el

Man

agem

ent

perc

eptio

ns o

fco

nsum

er p

erce

ptio

ns

Wor

d-of

-mou

thco

mm

unic

atio

nsP

erso

nal

need

sP

ast

expe

rienc

e

Exp

ecte

d se

rvic

e

Per

ceiv

ed s

ervi

ce

Ser

vice

del

iver

yM

AR

KE

TE

R

CO

NS

UM

ER

GA

P 1

GA

P 2

GA

P 3

GA

P 5

GA

P 4

Tra

nsla

tions

of

perc

eptio

n in

to s

ervi

cequ

ality

spe

cific

atio

ns

Ext

erna

lco

mm

unic

atio

nto

con

sum

ers

Sou

rce:

Ber

ry,

Para

sura

man

and

Zeith

aml

(199

4).

STR

ATEGIC

MARKETINGIN

PRACTICE

29

Ans

off

grow

thm

atri

x

One

ofth

efir

stm

odel

sto

beus

edto

asse

ssth

evi

abili

tyof

stra

tegi

cop

tions

avai

labl

eto

the

orga

niza

tion,

this

mod

elde

mon

stra

tes

the

oppo

rtun

ities

for

grow

thav

aila

ble

toth

eor

gani

zatio

n.

Pro

duct

alte

rnat

ives

Options

Pre

sent

prod

ucts

Exi

stin

gm

arke

t

Exp

ande

dm

arke

t

New

mar

ket

Mar

ket

pene

trat

ion

Pro

duct

var

iant

sim

itatio

nsP

rodu

ct li

neex

tent

ion

Agg

ress

ive

prom

otio

n

Mar

ket

segm

enta

tion

prod

uct

Ver

tical

dive

rsifi

catio

n

Mar

ket

deve

lopm

ent

Mar

ket

exte

nsio

nC

ongl

omer

ate

dive

rsifi

catio

n

Impr

oved

prod

ucts

New

prod

ucts

Gro

wth

sect

oran

alys

is

WHATIS

MEA

NTBYCASESTU

DYANALYSIS?

30

Con

stra

ints

Itis

impo

rtan

tto

reco

gniz

eth

atfu

ture

stra

tegi

cpl

ans

mus

tbe

base

dup

ona

real

istic

cons

ider

atio

nof

the

reso

urce

sav

aila

ble

toth

eor

gani

zatio

n.Th

ese

incl

ude

nM

arke

tG

row

thco

nstr

aint

s

nFi

nanc

ial

–se

eU

nit

5

nTe

chni

cal/s

yste

ms

nEn

viro

nmen

tal

nO

rgan

izat

iona

lst

ruct

ure/

cultu

re

nH

Ror

skill

cons

trai

nts

nO

ther

cont

empo

rary

issu

es–

see

Uni

t4

Key

issu

es

Itis

not

poss

ible

toev

alua

teth

est

rate

gic

optio

nsav

aila

ble

toth

eor

gani

zatio

nsth

roug

hth

orou

gh

anal

ysis

.Th

eK

eyS

trat

egic

Issu

es(K

SI)

that

have

aris

enfr

omth

eau

dit

proc

ess

will

guid

eth

ispr

oces

s.A

tth

isst

age,

itis

poss

ible

tobe

gin

plan

ning

the

way

forw

ard

bysu

mm

ariz

ing

the

follo

win

g

nS

tate

men

tof

the

prob

lem

/KS

I

nS

umm

ary

anal

ysis

of

^In

dust

ryda

ta

^Pr

oduc

t/se

rvic

ean

alys

is

^Fi

nanc

ial

anal

ysis

^M

anag

emen

tcu

lture

/val

ues

nC

onsi

dera

tion

and

eval

uatio

nof

optio

ns

nR

ecom

men

datio

ns/s

trat

egie

s

nR

esou

rce

impl

icat

ions

nIm

plem

enta

tion,

cont

inge

ncy

and

cont

rol

STR

ATEGIC

MARKETINGIN

PRACTICE

31

Rev

isio

ntip

s

nW

hen

eval

uatin

ga

case

,it

isim

port

ant

tobe

syst

emat

icin

your

appr

oach

.Yo

uca

nnot

mov

eon

toas

sess

ing

stra

tegi

cop

tions

until

you

are

fully

conv

ersa

ntw

ithth

eor

gani

zatio

n’s

stre

ngth

san

dw

eakn

esse

sin

all

aspe

cts

ofth

ebu

sine

ssan

dm

arke

tse

ctor

nB

efor

ere

com

men

ding

ast

rate

gyit

isim

port

ant

toco

nsid

erif

the

orga

niza

tion

has

the

reso

urce

sin

plac

eto

fully

impl

emen

tth

atst

rate

gy,

oral

ter-

nativ

ely

build

into

your

plan

the

mea

nsby

whi

chth

ose

mis

sing

reso

urce

sca

nbe

gain

ed

nR

emem

ber

the

othe

rPo

st-g

radu

ate

mod

ules

.To

gain

afu

llpi

ctur

e,yo

une

edto

beco

nver

sant

with

all

the

mod

els

and

anal

ytic

alto

ols

used

with

inth

ose

mod

ules

soas

tobe

able

tofu

llyap

ply

the

corr

ect

tech

niqu

esto

the

chos

enca

sest

udy.

Not

all

mod

els

will

beap

plic

able

toal

lin

dust

ryse

ctor

s

WHATIS

MEA

NTBYCASESTU

DYANALYSIS?

32

UNDER

STA

NDINGTH

EDIREC

TIONANDMANAGEM

ENT

OFMARKET

INGACTIVITIES

LEARNIN

GOUTCOME

Dem

onst

rate

anun

ders

tand

ing

ofth

edi

rect

ion

and

man

agem

ent

ofm

arke

ting

activ

ities

aspa

rtof

the

impl

emen

tatio

nof

stra

tegi

cdi

rect

ion,

taki

ngin

toac

coun

tbu

sine

ssin

telli

genc

ere

quir

emen

ts,

mar

ketin

gpr

oces

ses,

reso

urce

san

dth

eco

mpa

nyvi

sion

KEY

DEFIN

ITIO

NKNOWLE

DGEMANAGEM

ENT–

Sys

tem

atic

man

agem

ent

ofkn

owle

dge

gain

edth

roug

hri

goro

usap

proa

chto

the

rese

arch

and

anal

ysis

unde

rtak

en.

Itis

ofpa

ram

ount

impo

rtan

ceth

atth

ekn

owle

dge

built

istr

ustw

orth

y,cr

edib

lean

dve

rifia

ble,

and

that

itis

acce

ssib

leto

all

man

ager

sin

volv

edin

the

deci

sion

-mak

ing

proc

ess

Unit3

STR

ATEGIC

MARKETINGIN

PRACTICE

33

Kno

wle

dge

man

agem

ent

Inor

der

tom

ake

effe

ctiv

ede

cisi

ons,

man

ager

sm

ust

have

acce

ssto

info

rmat

ion

onw

hich

they

can

base

thes

ede

cisi

ons.

Kno

wle

dge

mus

tth

eref

ore

bebo

thac

quir

ed(le

arni

ng)

and

proc

esse

dan

ddi

stri

bute

dto

thos

ew

hone

edit

(man

agin

g).

The

proc

ess

byw

hich

this

occu

rsis

depe

nden

tup

onth

efo

llow

ing

fact

ors:

nTh

eso

urci

ngof

info

rmat

ion

via

mar

ketin

gre

sear

ch

nTh

eav

aila

bilit

yof

info

rmat

ion

syst

ems

toco

llect

,st

ore

and

man

ipul

ate

info

rmat

ion

nTh

ecu

lture

ofle

arni

ngto

beem

bedd

edw

ithin

anor

gani

zatio

nto

enab

lem

anag

ers

tore

flect

,re-

eval

uate

and

resp

ond

(3R

lear

ning

)to

mar

ket

chal

leng

es

nM

onito

ring

syst

ems

and

mar

ket

scan

ning

nC

lear

corp

orat

edi

rect

ion

and

visi

on

Som

eof

thes

eis

sues

are

deal

tw

ithin

deta

ilun

der

the

Mar

ketin

gR

esea

rch

and

Info

rmat

ion

Mod

ule

atth

ePr

ofes

sion

aldi

plom

ale

vel.

As

apo

st-g

radu

ate

stud

ent,

itis

assu

med

that

know

ledg

ew

ithin

thes

ear

eas

has

been

gain

edth

roug

hpr

actic

alex

peri

ence

.

UNDER

STA

NDINGTH

EDIREC

TIONANDMANAGEM

ENTOFMARKETINGACTIVITIES

34

Mar

ketin

gin

form

atio

nsy

stem

s(M

kiS

)

Dev

elop

ing

Info

rmat

ion

Inte

rnal

Rec

ords

Mar

ketin

gIn

telli

genc

e

Mar

ketin

gD

ecis

ion

Sup

port

Ana

lyse

s

Mar

ketin

gR

esea

rch

Mar

ketin

g D

ecis

ions

and

Com

mun

icat

ions

Mar

ketin

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emen

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ent

Dis

tribu

ting

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rmat

ion

need

s

Sou

rce:

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pted

from

Kot

ler

(199

2)

STR

ATEGIC

MARKETINGIN

PRACTICE

35

Com

pone

ntpa

rts

ofth

eM

kiS

Inte

rnal

reco

rds

Sal

esre

cord

s,ac

coun

tre

cord

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dot

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info

rmat

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aila

ble

inth

eco

mpa

ny.

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key

issu

ehe

reis

bein

gab

leto

sele

ctan

dm

anip

ulat

eda

tato

info

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cisi

ons

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erth

anto

expe

rien

cein

form

atio

nov

erlo

ad.

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isio

nsu

ppor

tsy

stem

s

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tem

san

dso

ftw

are

are

usef

ulto

proc

ess,

man

ipul

ate

and

anal

yse

the

info

rmat

ion

from

the

othe

rar

eas

ofth

eM

kiS

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der

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oduc

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eth

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akin

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tivity

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ysis

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ellin

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gte

chni

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e

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ishe

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uce

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llige

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-m

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e

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ade

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llige

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viro

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tal

scan

ning

syst

ems

UNDER

STA

NDINGTH

EDIREC

TIONANDMANAGEM

ENTOFMARKETINGACTIVITIES

36

Mar

ketin

gre

sear

ch

Sec

onda

ryre

sear

ch

Info

rmat

ion,

whi

chex

ists

inde

pend

ent

ofth

eor

gani

-za

tion

and

was

not

crea

ted

spec

ifica

llyfo

rth

eus

eof

anin

divi

dual

orga

niza

tion

Sou

rces

asde

taile

dun

der

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ketin

gIn

telli

genc

e:

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onda

ryda

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n

nIn

form

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prim

ary

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arch

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ess

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hart

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aco

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arch

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ust

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ccur

acy

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elia

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yn

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ityfo

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Prim

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uct

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ning

,ev

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ngne

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ulat

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ess

WH

O

WH

AT

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ER

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EN

HO

W (

CH

OIC

E)

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Y (

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LEC

TIO

N)

attr

ibut

es n

eces

sary

C U S T O M E R

V A L U E

STR

ATEGIC

MARKETINGIN

PRACTICE

37

Com

petit

ive

stra

tegy

asan

emer

gent

lear

ning

proc

ess

Sus

tain

able

com

petit

ive

adva

ntag

eis

built

upon

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n’s

abili

tyto

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tto

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ging

cond

ition

sby

mak

ing

effe

ctiv

ede

cisi

ons

tode

velo

pan

dim

plem

ent

ast

rate

gyw

hich

deliv

ers

supe

rior

valu

eto

cust

omer

s.

How

ever

lear

ning

isre

quir

edto

acqu

ire

and

deve

lop

the

skill

sne

cess

ary

for

this

proc

ess

tooc

cur.

Wils

onan

dG

illig

an(2

004)

sugg

est

the

follo

win

gel

emen

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aCustomer

value-ba

sedph

ilosop

hy:

nA

stro

ngm

arke

tor

ient

atio

n

nA

proc

ess

ofco

ntin

uous

lear

ning

nA

com

mitm

ent

toin

nova

tion

Org

aniz

atio

nal

valu

esfo

ref

fect

ive

lear

ning

requ

irem

ents

:

nA

com

mitm

ent

tole

arni

ng

nO

pen-

min

dedn

ess

nA

shar

edvi

sion

nO

rgan

izat

iona

lkn

owle

dge

shar

ing

Inor

der

toac

hiev

ea

shar

edpu

rpos

eto

bene

fitfr

omle

arni

ng,

the

orga

niza

tion

ofte

nde

velo

psa

mis

sion

stat

emen

tto

expr

ess

thei

rvi

sion

and

valu

es.

UNDER

STA

NDINGTH

EDIREC

TIONANDMANAGEM

ENTOFMARKETINGACTIVITIES

38

Mis

sion

stat

emen

ts

Pea

rcean

dDavid

(198

7)su

gges

ted

that

am

issi

onst

atem

ent

shou

ldin

corp

orat

eth

efo

llow

ing:

nC

usto

mer

s–

the

targ

etm

arke

t

nPr

oduc

ts/s

ervi

ces

–of

fers

and

valu

epr

ovid

edto

the

cust

omer

s

nG

eogr

aphi

cm

arke

ts–

whe

reth

efo

rmse

eks

cust

omer

s

nTe

chno

logy

–us

edto

prod

uce

and

mar

ket

prod

ucts

nC

once

rnfo

rpr

ofits

/gro

wth

/sur

viva

l–

bein

gfin

anci

ally

soun

d

nPh

iloso

phy

–va

lues

,et

hics

and

belie

fs

nPu

blic

imag

e–

inre

latio

nto

the

cont

ribu

tion

mad

eto

com

mun

ities

nEm

ploy

ees

–im

port

ance

ofm

anag

ers

and

empl

oyee

s

nD

istin

ctiv

eC

ompe

tenc

e–

how

isth

efir

mbe

tter

ordi

ffer

ent

com

pare

dto

itsco

mpe

titor

s

STR

ATEGIC

MARKETINGIN

PRACTICE

39

The

lear

ning

orga

niza

tion

and

mar

ket-

base

dle

arni

ng

The

orga

niza

tion

can

lear

nin

two

way

s:

Sin

gle

loop

lear

ning

Res

ults

inth

eor

gani

zatio

nreacting

toch

ange

.C

hara

cter

istic

sin

clud

e:

nTe

nden

cyto

war

dsbu

reau

crat

icfu

ntio

nallt

yba

sed

syst

ems

nPa

tter

nsof

beha

viou

rin

resp

onse

topr

e-ag

reed

stim

uli

nLi

ttle

co-o

rdin

atio

nof

lear

ning

nLi

ttle

inve

stig

atio

nto

dete

rmin

eth

ere

ason

for

exte

rnal

chan

ge

nG

reat

erfo

cus

onth

esh

ort

term

Dou

ble

loop

lear

ning

Aff

ects

the

who

leor

gani

zatio

nra

ther

than

bein

gco

ntai

ned

with

infu

nctio

nal

area

s.In

volv

esm

ore

revo

lutio

nary

than

evol

utio

nary

chan

ges.

Cha

ract

eris

tics

incl

ude:

nW

illin

gnes

sto

ques

tion

long

held

assu

mpt

ions

nC

halle

ngin

gro

utin

gpr

actic

esan

dru

les

nIn

volv

espr

o-ac

tive

chan

ge

nA

bilit

yto

take

adva

ntag

eof

‘win

dow

sof

oppo

rtun

ity’

nU

nlea

rnin

gof

old

prac

tices

nD

evel

opm

ent

ofne

wan

dsu

stai

nabl

eco

reco

mpe

tenc

es

UNDER

STA

NDINGTH

EDIREC

TIONANDMANAGEM

ENTOFMARKETINGACTIVITIES

40

The

impa

ctof

doub

lean

dsi

ngle

loop

lear

ning

Tot

al im

pact

Par

tial i

mpa

ct

Impa

ct o

nbe

havi

ours

Impa

ct o

nco

gniti

onNat

ure

of th

eim

pact

Sin

gle-

loop

lear

ning

Dou

ble-

loop

lear

ning

Impa

ct o

n th

eor

gani

zatio

n

STR

ATEGIC

MARKETINGIN

PRACTICE

41

Sys

tem

and

lear

ning

Atr

uele

arni

ngor

gani

zatio

nw

illpl

ace

grea

tva

lue

onIn

form

atio

ntr

ansm

issi

onco

ntri

butin

gto

gene

rall

earn

ing.

This

requ

ires

Kno

wledg

eAcquisition

–C

onve

rtin

gda

tain

tokn

owle

dge

that

can

beun

ders

tood

and

assi

mila

ted

Inform

ationdistribu

tion

–D

istr

ibut

ing

info

rmat

ion

and

know

ledg

eth

roug

hout

the

orga

niza

tion

Inform

ationinterpretation

–U

nder

stan

ding

the

info

rmat

ion

and

inte

rpre

ting

itso

that

sens

ible

opin

ions

can

befo

rmed

Organ

izationa

lmem

ory–

Und

erst

andi

ngth

ene

wkn

owle

dge

and

embe

ddin

git

into

the

orga

niza

tion’

sm

emor

y

UNDER

STA

NDINGTH

EDIREC

TIONANDMANAGEM

ENTOFMARKETINGACTIVITIES

42

Mar

ket-

base

dle

arni

ng

Org

aniz

atio

nsne

edto

lear

nfr

omth

em

arke

tsth

atth

eyop

erat

ew

ithin

soth

atth

eor

gani

zatio

nal

mem

ory

cons

ists

ofm

arke

t-ba

sed

lear

ning

.

Diff

usio

n of

know

ledg

e in

the

orga

niza

tion

Ext

erna

l foc

usIn

tern

al fo

cus

Lead

ing

to:

Ant

icip

atio

n ra

ther

than

rea

ctio

nO

bser

vatio

n of

oth

ers

Und

erst

andi

ng o

bser

vabl

esC

reat

ing

stag

es o

f kno

wle

dge

deve

lopm

ent

Diff

icul

ties

Acc

eler

ated

cha

nges

in th

eco

mpl

exity

of m

arke

ts.

Exp

onen

tial g

row

th in

the

volu

me

of m

arke

t dat

a

Sha

red

orga

niza

tiona

las

sum

ptio

ns c

oher

ence

timel

ines

s

STR

ATEGIC

MARKETINGIN

PRACTICE

43

Rev

isio

ntip

s

nK

now

ledg

ean

dan

alys

isof

anu

mbe

rof

orga

niza

tions

will

enab

leyo

uto

iden

tify

how

know

ledg

em

anag

emen

tan

dsy

stem

sca

nen

able

orga

niza

tions

toco

mpe

teon

am

uch

high

erle

vel

nC

onsi

der

the

diff

eren

tm

anag

emen

tst

yles

and

cultu

reth

atar

eev

iden

tin

som

eof

the

orga

niza

tions

you

know

.C

ompa

reth

emw

ithth

eir

com

petit

ors

and

anal

yse

the

bene

fits/

disa

dvan

tage

sof

ara

nge

ofm

anag

emen

tst

yles

nC

ompi

lea

port

folio

ofar

ticle

sab

out

orga

niza

tions

span

ning

all

the

indu

stry

sect

ors.

Ana

lyse

thei

rco

reco

mpe

tenc

esan

dco

nsid

erw

hat

mea

sure

sth

eypu

tin

plac

eto

deliv

erth

ose

com

pete

nces

nIn

vest

igat

ea

rang

eof

seco

ndar

yda

tato

fully

unde

rsta

ndth

ew

ealth

ofin

form

atio

nth

atis

avai

labl

e

nEn

sure

that

you

are

fully

conv

ersa

ntw

ithm

arke

ting

rese

arch

tech

niqu

esto

enab

leyo

uto

reco

mm

end

thos

ere

quir

edw

ithin

agi

ven

case

stud

y

UNDER

STA

NDINGTH

EDIREC

TIONANDMANAGEM

ENTOFMARKETINGACTIVITIES

44

CONTE

MPORARYMARKET

ING

ISSUES

LEARNIN

GOUTCOMES

�A

sses

sth

ere

leva

nce

ofop

port

uniti

espr

esen

ted

byco

ntem

pora

rym

arke

ting

issu

esw

ithin

any

give

nsc

enar

ioin

clud

ing

inno

vatio

nin

mar

ketin

g

BACKGROUND

Stu

dent

sar

ere

quir

edto

gain

know

ledg

eon

anu

mbe

rof

envi

ronm

enta

lfa

ctor

sth

atco

llect

ivel

ypu

tpr

essu

reon

the

orga

niza

tion.

Thes

ein

clud

e

Sim

ilari

tyof

core

prod

ucts

:

nIn

crea

sing

cust

omer

awar

enes

sn

Inte

rnat

iona

ltr

ade/

glob

aliz

atio

n

nIn

crea

sed

mer

gers

,al

lianc

esan

dta

keov

ers

nIn

crea

sing

cust

omer

prot

ectio

nle

gisl

atio

nUnit4

STR

ATEGIC

MARKETINGIN

PRACTICE

45

Oth

erco

ntem

pora

rym

arke

ting

issu

es

nR

elat

ions

hip

mar

ketin

g

nK

eyac

coun

tm

anag

emen

t

nS

usta

inab

ility

inm

arke

ting

nC

orpo

rate

iden

tity

Rel

atio

nshi

pm

arke

ting

Mar

ketin

gis

toes

tabl

ish,

mai

ntai

nan

den

hanc

ere

latio

nshi

psw

ithcu

stom

ers

and

othe

rpa

rtne

rsat

apr

ofit,

soth

atth

eob

ject

ives

ofbo

thpa

rtie

sar

em

et.

This

isac

hiev

edby

am

utua

lex

chan

gean

dfu

lfilm

ent

ofpr

omis

es(G

ronr

oos,

1994

).

CONTEMPORARYMARKETINGISSUES

46

Rel

atio

nshi

pm

arke

ting

‘Influ

ence

mar

kets

Inte

rnal

Mar

kets

Cus

tom

er m

arke

ts

Em

ploy

ee(r

ecru

itmen

t)m

arke

ts

Sup

plie

rm

arke

ts

Ref

erra

lm

arke

ts

Sou

rce:

Chr

isto

pher

etal

.(2

000)

RelationshipMarketing:

Bring

ingQuality,

Customer

Service

andMarketingTo

gether

,

Oxf

ord:

But

terw

orth

-Hei

nem

ann,

p.21

.

STR

ATEGIC

MARKETINGIN

PRACTICE

47

Esse

ntia

lch

arac

teri

stic

s

nLo

ng-term

orientation

–cl

osin

gth

elo

opbe

twee

nge

ttin

gcu

stom

ers

and

keep

ing

them

nAbility

tocommun

icatean

dachieve

mutua

llybe

neficial

objectives

–re

quir

esa

proa

ctiv

eap

proa

chw

ithon

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ngtw

o-w

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mm

unic

atio

n

nFu

lfilmen

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prom

ises

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concerne

d–

long

-ter

mre

latio

nshi

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quir

ein

vest

men

tin

time,

reso

urce

s,bo

ndin

gan

dex

clus

ion

ofot

hers

.R

elat

ions

hip

need

sto

beba

lanc

ed

Mis

conc

eptio

nsab

out

rela

tions

hip

mar

ketin

g

nPu

ttin

ga

cust

omer

’sna

me

ona

lett

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esno

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nstit

ute

are

latio

nshi

p

nR

elat

ions

hips

are

not

base

don

conv

enie

nce

but

avo

lunt

ary

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onag

ew

here

othe

rch

oice

sex

ist

nIt

isa

philo

soph

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atre

quir

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ing,

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ing

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rela

tions

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icte

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rela

tions

hips

with

othe

rst

akeh

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impo

rtan

t

CONTEMPORARYMARKETINGISSUES

48

Com

mitm

ent

and

trus

t–

Litt

lean

dM

aran

di

The

exte

ntof

rela

tions

hip

mar

ketin

g

Kee

ping

of

prom

ises

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tom

eror

ient

atio

nIm

age/

repu

tatio

n

Con

fiden

tial

info

rmat

ion

shar

ing

Avo

idan

ceof

oppo

rtun

istic

beha

viou

r

Sha

red

pow

erV

alue

dre

latio

nshi

p

Cus

tom

erca

re a

ndre

cove

ry

Tru

stan

dco

mm

itmen

t

Sou

rce:

Litt

lean

dM

aran

di(2

003)

.

STR

ATEGIC

MARKETINGIN

PRACTICE

49

Key

acco

unt

man

agem

ent

(KA

M)

Am

anife

stat

ion

ofre

latio

nshi

pm

arke

ting

inbu

sine

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ryan

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actic

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Mis

narr

ower

insc

ope

rela

ting

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ely

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esa

les

func

tion.

Itis

also

know

nas

Nat

iona

lA

ccou

ntM

anag

emen

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AM

).S

trat

egic

acco

unt

man

agem

ent

(SA

M)

and

acco

unt

man

agem

ent

(AM

)ar

ede

pend

ent

onin

dust

ry.

Req

uires:

nTh

eco

nsci

ous

sele

ctio

nof

acco

unts

nD

evel

opm

ent

and

mai

nten

ance

oflo

ng-t

erm

rela

tions

hips

nEs

tabl

ishm

ent

ofcr

oss

func

tiona

lpr

oces

ses

for

serv

icin

gac

coun

ts

Activitiesun

dertaken

(Hom

burg

etal

.,20

02):

nS

peci

alpr

icin

gn

Cus

tom

izat

ion

ofpr

oduc

tsan

dse

rvic

es

nD

evel

opm

ent

ofsp

ecia

lpr

oduc

ts/s

ervi

ces

nJo

int

co-o

rdin

atio

nof

wor

kflo

w

nIn

form

atio

nsh

arin

gn

Taki

ngov

ercu

stom

erbu

sine

sspr

oces

ses

CONTEMPORARYMARKETINGISSUES

50

The

Bow

tiest

ruct

ure

Boa

rdB

uyer

Key

acco

unt

man

ager

Boa

rdO

psA

dmin

.A

dmin

.O

ps

Sel

ling

com

pany

Buy

ing

com

pany

Sou

rce:

McD

onal

d,M

.(2

000)

‘Key

acco

unt

man

agem

ent

–a

dom

ain

revi

ew’,Th

eMarketingReview

,1,

15–

34,

Rep

rint

ed

with

perm

issi

onof

Wes

tbur

nPu

blis

hers

Ltd

STR

ATEGIC

MARKETINGIN

PRACTICE

51

Ben

efits

ofK

AM

Su

pp

lier

ben

efit

s

Incr

ease

d tu

rnov

erR

educ

ed c

osts

Incr

ease

d pr

ofita

bilit

y

Ris

k re

duct

ion

Sha

red

reso

urce

sIn

nova

tion

& le

arni

ngS

ocia

l rel

atio

ns

Cus

tom

ized

pro

duct

s/ s

ervi

ces

Pric

e re

duct

ion

Mu

tual

ben

efit

sB

uye

r b

enef

its

CONTEMPORARYMARKETINGISSUES

52

Cri

teri

afo

rse

lect

ing

key

acco

unts

Ther

eis

ane

edto

agre

eth

ese

lect

ion

crite

ria

toen

sure

both

part

ies

are

ente

ring

into

the

rela

tions

hip

with

sim

ilar

goal

s.C

rite

ria

incl

ude

nR

elat

ions

hip

hist

ory

nVo

lum

eof

busi

ness

nPr

ofita

bilit

y

nIn

ferr

edst

atus

nEa

se/d

iffic

ulty

ofre

plac

emen

t

nR

esou

rce

syne

rgie

s

nS

trat

egic

com

patib

ility

Whe

nch

oosi

nga

key

supp

lier

nPr

oduc

t/se

rvic

equ

ality

nEa

seof

doin

gbu

sine

ss

nC

alib

reof

staf

f

Act

iviti

esin

volv

edin

serv

icin

gke

yac

coun

ts

nQ

ualit

yIm

prov

emen

t

nC

usto

miz

atio

nto

clos

ely

mee

tne

eds

nC

onfli

ctre

solu

tion

and

prob

lem

solv

ing

inre

latio

nto

mai

ntai

ning

the

rela

tions

hip

nIn

form

atio

nsh

arin

g

nR

esou

rce

shar

ing

nC

omm

unic

atio

n–

freq

uent

two-

way

info

rmal

,bu

tal

way

sw

itha

purp

ose

STR

ATEGIC

MARKETINGIN

PRACTICE

53

Sus

tain

abili

ty

Max

imiz

ing

prof

itsan

dlo

okin

gfo

rsh

ort-

term

gain

sin

mar

ket

shar

em

aybe

inits

elf

harm

ful

togr

oups

ofst

akeh

olde

rssu

chas

empl

oyee

s,lo

cal

com

mun

ities

and

mos

tim

port

antly

the

plan

et.

Incr

easi

ngly

,th

epu

blic

feel

that

busi

ness

essh

ould

take

resp

onsi

bilit

yfo

ren

viro

nmen

tal

dam

age

infli

cted

onth

eea

rth

and

itspe

ople

.

How

ever

the

term

‘gre

enm

arke

ting’

has

man

ydi

ffer

ent

mea

ning

s.

EC

OLO

GIC

AL

PO

LIT

ICA

L

GR

EE

N

CO

RP

OR

ATE

AN

DS

OC

IAL

RE

SP

ON

SIV

EN

ES

S

FAIR

TR

AD

E

CO

NS

ER

VAT

ION

NO

T F

OR

PR

OF

IT

EC

O-C

ON

SC

IOU

SC

ON

SU

ME

RS

SU

STA

INA

BIL

ITY

EQ

UA

LIT

Y

HU

MA

NIT

AR

IAN

CONTEMPORARYMARKETINGISSUES

54

GR

EE

N M

AR

KE

TIN

G L

AYE

RS

Plan

etar

y im

pact

of p

ollu

tion

Loca

l pro

duct

ion

Inte

rnat

iona

l tra

ding

Inte

rnat

iona

l mar

ketin

g

Loca

l bra

ndin

g

Con

sum

er/

cons

umpt

ion

Loca

l pol

lutio

n

Loca

l eth

ical

issu

es

Loca

l env

ironm

enta

l deg

rada

tion

STR

ATEGIC

MARKETINGIN

PRACTICE

55

Life

cycl

ean

alys

is(L

CA

)

An

anal

ytic

alen

viro

nmen

tal

man

agem

ent

tool

has

been

deve

lope

dby

SPO

LD(1

995)

toga

inun

ders

tand

ing

ofen

viro

nmen

tal

impl

icat

ions

ofac

tions

we

take

.Th

isco

ncep

tpr

omot

esth

eco

nsid

erat

ion

ofcr

adle

-to-

grav

eim

plic

atio

ns.

Pro

duct

s an

d se

rvic

es w

ith a

mod

icum

of

resp

ect f

or th

e en

viro

nmen

t soc

ially

and

ethi

cally

not

con

cern

ed o

r ig

nora

nt

Inco

rpor

ates

rec

yclin

g po

licie

sun

ders

tand

s an

d re

spon

ds to

som

e as

pect

s of

eco

logi

cal e

ffici

ency

ethi

cal a

nd s

ocia

l iss

ues

low

on

the

agen

da

A fu

lly in

tegr

ated

tota

len

viro

nmen

t qua

lity

prog

ram

me

ethi

cal a

nd m

oral

issu

es a

ddre

ssed

recy

clin

g of

pro

duct

con

side

red

How

gre

en is

a c

ompa

ny?

Und

erst

ands

eco

logi

cal e

ffici

ency

and

inco

rpor

ates

this

into

pro

duct

sso

me

soci

al is

sues

add

ress

ed b

utsh

areh

olde

r re

turn

s ta

ke p

rece

denc

e

LIG

HT

GR

EE

ND

AR

K G

RE

EN

Mea

suri

ngth

egr

een

polic

yof

orga

niza

tions

.

Sou

rce:

Ran

chho

d(2

001)

.

CONTEMPORARYMARKETINGISSUES

56

Gre

enlif

ecy

cle

anal

ysis

SPO

LDgo

onto

dem

onst

rate

that

the

supp

lych

ain

orke

yst

akeh

olde

rsca

nnot

cont

inue

tolim

itth

eir

resp

onsi

bilit

ies

toth

e

phas

esof

the

life

cycl

eth

eyar

ein

volv

edin

.The

even

tual

recy

clin

gof

aco

mpo

nent

part

ofa

prod

uct

atth

een

dof

itslif

eis

the

resp

onsi

bilit

yof

the

orga

niza

tion

mak

ing

that

com

pone

nt.

Sal

es

Tim

e

Pro

duct

ince

ptio

n,ec

olog

ical

, eth

ical

prod

uctio

n sy

stem

sen

ergy

effi

cien

t pro

duct

s

Sal

es g

row

th a

nd fu

nds

allo

catio

n to

env

ironm

enta

llyfr

iend

ly R

&D

, inv

estm

ent i

nev

en m

ore

ethi

cal p

rodu

ctio

n Pro

duct

dea

th a

n dR

ecyc

ling

resp

onsi

bilit

ies

Sou

rce:

Ran

chho

d(2

001)

.

STR

ATEGIC

MARKETINGIN

PRACTICE

57

Ass

essi

nggr

een

cred

entia

ls

The

vir

tuou

s, s

usta

inab

le g

reen

circ

le fo

rpr

oduc

t man

agem

ent

Eth

ical

ly p

rodu

ced

low

pol

lutio

n le

vels

and

low

res

ourc

e us

age

Des

igne

d fo

r th

een

viro

nmen

t

Fut

ure

rede

sign

of p

rodu

cts

for

the

envi

ronm

ent

Rec

ycla

ble

low

pol

lutio

n/lo

w e

nerg

y us

age

for

conv

ersi

on to

oth

er p

rodu

cts

Effi

cien

t dur

ing

use

Low

pol

lutio

n/Lo

wen

ergy

usa

ge

Com

pany

and

em

ploy

ees

R&

DC

usto

mer

s

Was

te m

anag

emen

t and

com

pany

CONTEMPORARYMARKETINGISSUES

58

Sus

tain

abili

tyan

det

hica

lm

atri

x

The

sust

aina

bilit

yan

det

hica

lm

atri

xha

sbe

ende

velo

ped

byun

ders

tand

ing

ofva

riou

sac

adem

icw

ork

carr

ied

out

ongr

een

ethi

cali

ssue

s.A

nav

erag

esc

ore

inre

spon

seto

ase

ries

ofqu

estio

nsth

enal

low

sth

eor

gani

zatio

nto

‘plo

t’its

posi

tion

onth

em

atri

xbe

low

.C

ompa

riso

nw

ithco

mpe

titor

san

dm

ovem

ent

over

time

can

also

bem

easu

red.

Low

Low

Che

ap p

rodu

ctio

nsy

stem

s ex

ploi

tativ

eof

nat

ure

and

hum

ans

Ofte

n sm

all e

thic

alco

mpa

nies

who

may

not p

osse

ss th

e te

chni

cal k

now

-how

for

proc

ess

impr

ovem

ent

The

idea

l com

pany

–D

oes

it ex

ist?

Pro

duct

ion

base

d on

the

care

of t

heen

viro

nmen

t. H

uman

cost

s of

littl

e in

tere

st.

Sus

tain

abili

ty s

tren

gths

Med

ium

Ethical stance

Med

ium

Hig

h

Hig

h

020

4060

6040200

STR

ATEGIC

MARKETINGIN

PRACTICE

59

Gre

en M

anag

emen

t que

stio

ns

1.

Des

ign

for

the

envi

ronm

ent

2.

Ene

rgy

effic

ienc

y in

man

ufac

turin

g 3

. W

aste

in m

anuf

actu

ring

4.

Pol

lutio

n du

ring

man

ufac

turin

g 5

. R

ecyc

labi

lity

of p

acka

ging

6.

Life

span

of p

rodu

ct 7

. E

nerg

y ef

ficie

ncy

durin

g us

e 8

. R

ecyc

labi

lity

of p

rodu

ct 9

. To

tal q

ualit

y en

viro

nmen

tal m

anag

emen

t10

. S

earc

h fo

r ne

w g

reen

pro

duct

opp

ortu

nitie

s11

. U

se o

f pol

lutio

n co

ntro

l equ

ipm

ent

12.

Com

plia

nce

cons

ultin

g

Ver

ypo

orP

oor

Ade

quat

eG

ood

Ver

ygo

od

12

34

5

CONTEMPORARYMARKETINGISSUES

60

Eth

ical

con

side

ratio

ns

1.

Wor

king

con

ditio

ns 2

. S

taff

wel

fare

and

hea

lth c

are

3.

Lim

itatio

n of

exp

osur

e to

pol

luta

nts

4.

Sus

tain

abili

ty o

f ope

ratio

ns w

ithin

lo

cal e

colo

gy.

5.

Invo

lvem

ent o

f sta

keho

lder

s in

en

viro

nmen

tal i

ssue

s 6

. C

ontin

uous

pol

lutio

n m

onito

ring

7.

Man

agem

ent o

f the

end

of t

he

life

cycl

e w

ithou

t affe

ctin

g ot

hers

(p

reve

ntio

n of

dum

ping

in p

oor

area

) 8

. R

espe

ct fo

r fa

una

and

flora

9.

Ade

quat

e co

mpe

nsat

ion

to lo

cal s

uppl

iers

10.

Hon

esty

in a

dver

tisin

g11

. D

iscu

ssio

ns w

ith N

GO

s12

. E

nviro

nmen

t res

tora

tion

post

pro

duct

ion

12

34

5

STR

ATEGIC

MARKETINGIN

PRACTICE

61

The

gree

nsh

iftin

orga

niza

tions

Old

World

View

New

World

View

Con

tinuo

usun

brid

led

grow

thS

usta

inab

le,

gree

nec

onom

ics

Con

quer

natu

re,

reap

reso

urce

sB

ioph

ilia

(aff

inity

for

natu

re)

Envi

ronm

enta

lco

mpl

ianc

eEc

o-au

ditin

g

Mar

ketin

gto

fill

need

sM

arke

ting

tosu

stai

nlif

e

Mat

eria

lism

Pers

onal

ism

Indu

stri

alpr

oduc

tion

Indu

stri

alec

olog

y

Des

ign

for

obso

lesc

ence

,di

spos

alD

esig

nfo

ren

viro

nmen

t

Cos

tac

coun

ting

(pro

fit/lo

ssst

atem

ents

)Fu

llco

stac

coun

ting

Dep

artm

enta

lism

,re

duct

ioni

smH

olis

m

CONTEMPORARYMARKETINGISSUES

62

The

Gre

enco

nsum

erse

gmen

ts

As

defin

edby

Rop

erS

tarc

h(R

and

Cor

pora

tion,

2000

)in

the

Gre

enG

auge

repo

rt

True

-BlueGreen

s–11

%of

popu

latio

n.R

ecyc

lers

,com

post

ers,

lett

erw

rite

rsan

dvo

lunt

eers

ofth

ew

orld

.Go

out

ofth

eir

way

tobu

ygo

ods

and

serv

ices

with

envi

ronm

enta

llypr

efer

able

attr

ibut

es.

Green

back

Green

s–5%

–W

illco

ntri

bute

toen

viro

nmen

talo

rgan

izat

ions

and

pay

mor

efo

rgr

een

optio

nsbu

tw

illno

tch

ange

lifes

tyle

orho

usek

eepi

ngpr

actic

es.

Sprou

ts–33

%–

Car

eab

out

the

envi

ronm

ent

but

will

only

spen

dsl

ight

lym

ore

for

envi

ronm

enta

llyse

nsiti

vego

ods.

Grousers–18

%–

Peop

lew

hoca

reab

out

the

envi

ronm

ent

but

rega

rdit

asso

meo

neel

se’s

prob

lem

.D

on’t

seek

envi

ronm

enta

llyse

nsiti

vego

ods

orco

nsid

erlif

esty

lech

ange

s.

Basic

brow

ns–33

%–

Esse

ntia

llyun

conc

erne

dab

out

the

envi

ronm

ent.

STR

ATEGIC

MARKETINGIN

PRACTICE

63

Gre

enco

nsum

erbe

havi

our

Fac

tors

aff

ecti

ng

gre

en c

on

sum

er b

ehav

iou

r

Kno

wle

dge

and

unde

rsta

ndin

gof

env

ironm

enta

l iss

ues

Val

ues,

mot

ives

, des

ires

Em

otio

ns fe

elin

gs

Par

t of a

cou

nter

-cul

ture

?

Soc

io-d

emog

raph

ic p

rofil

eA

ge, g

ende

r, p

oliti

cal a

ffilia

tion,

etc.

Pee

r gr

oup

and

soci

al n

etw

ork

Life

styl

e ch

oice

Impa

ct o

f med

ia a

nd p

ress

ure

grou

p ca

mpa

igns

. Im

pact

of

cris

es s

uch

as B

SE

.

Cul

tura

l clim

ate,

influ

enci

ngit

and

influ

ence

d by

Eth

ical

, rel

igio

us, s

pirit

ual

dim

ensi

ons

GR

EE

N C

ON

SU

ME

RB

EH

AV

IOU

R

Sou

rce:

Ada

pted

from

Wag

ner

(200

1).

CONTEMPORARYMARKETINGISSUES

64

Gre

enm

arke

ting

stra

tegi

es

Inor

der

toga

ina

com

petit

ive

adva

ntag

e,or

gani

zatio

nsha

veto

dem

onst

rate

the

follo

win

gch

arac

teri

stic

s:

nO

ffer

ing

prod

ucts

that

addr

ess

ethi

cal,

mor

alan

dsu

stai

nabi

lity

issu

es

nPr

oduc

ing

good

sw

hich

are

both

com

mer

cial

lyvi

able

and

mee

tgr

een

cust

omer

need

s

nU

sing

som

epr

ofits

for

envi

ronm

enta

lan

dso

cial

impr

ovem

ent

atth

epr

oduc

tion

sour

ce

nS

egm

entin

gm

arke

tsef

fect

ivel

y,so

that

cons

umer

need

sar

eun

ders

tood

and

targ

eted

acco

rdin

gly

nC

omm

unic

atin

gho

nest

and

cred

ible

mes

sage

sto

all

stak

ehol

ders

nEn

suri

ngth

atth

etr

ansp

ort

and

logi

stic

ssy

stem

sem

ploy

edm

irro

rth

eor

gani

zatio

nal

gree

nan

det

hica

lst

ance

nD

evel

opin

ga

mar

ketin

gpe

rspe

ctiv

eon

the

crad

le-t

o-gr

ave

appr

oach

nO

ffer

ing

educ

atio

nal

mar

ketin

glit

erat

ure

whe

repr

oduc

tsar

eco

mpl

ex

nU

nder

stan

ding

futu

rene

eds

-m

onito

ring

tren

ds,

carr

ying

out

rese

arch

STR

ATEGIC

MARKETINGIN

PRACTICE

65

Cor

pora

teid

entit

y

The

conc

ept

ofC

orpo

rate

Iden

tity

isim

port

ant

for

the

sam

ere

ason

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latio

nshi

pm

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ting

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ding

–th

ein

crea

sed

com

petit

ion

inth

em

arke

tpla

cean

dth

ene

edto

diff

eren

tiate

.

The

incr

easi

ngim

port

ance

ofIn

tegr

ated

Mar

ketin

gco

mm

unic

atio

nsin

asso

ciat

ing

the

orga

niza

tion

with

valu

esth

atca

nbe

used

tobu

ildre

latio

nshi

psan

dde

velo

pa

corp

orat

epe

rson

ality

isal

soke

y.

Thre

eap

proa

ches

(Olin

s,19

95)

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icDesignApp

roach–

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orig

inal

notio

nof

corp

orat

eid

entit

ybe

ing

linke

dto

visu

alid

entit

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here

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alcu

esar

eus

edto

iden

tify

and

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ingu

ish

anor

gani

zatio

nfr

omot

hers

.

Integrated

Com

mun

ications

App

roach–

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pora

teid

entit

ybe

com

esa

mea

nsof

effe

ctiv

ely

com

mun

icat

ing

with

stak

ehol

ders

,w

hich

ofte

nbe

gin

with

the

mis

sion

stat

emen

tan

dpo

sitio

ning

ofth

eor

gani

zatio

n

Synthesis

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roach–

Cor

pora

teid

entit

yis

crea

ted

thro

ugh

both

visu

alan

dbe

havi

oura

lst

rate

gies

and

invo

lves

anex

tern

aliz

atio

nof

anor

gani

zatio

n’s

uniq

uetr

aits

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litie

san

dco

mpe

tenc

ies.

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isa

mor

eho

listic

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oach

CONTEMPORARYMARKETINGISSUES

66

Cor

pora

teid

entit

y

Cor

pora

te c

omm

unic

atio

ns

Cor

pora

teid

entit

y

Com

mun

icat

ion

&vi

sual

iden

tity

Beh

avio

ur

Cor

pora

te c

ultu

re

Mar

ket c

ondi

tions

Arc

hite

ctur

e an

d lo

catio

n

Cor

pora

te v

isua

l ide

ntity

Cor

pora

te b

ehav

iour

Man

agem

ent b

ehav

iour

Em

ploy

ee b

ehav

iour

Nat

iona

lity

Nat

ure

of in

dust

ry

Cor

pora

te/m

arke

ting

stra

tegi

es

Unc

ontr

olla

ble

com

mun

icat

ions

Goa

ls, p

hilo

soph

ies

& p

rinci

ples

Org

aniz

atio

nal i

mag

ery

& h

isto

ry

STR

ATEGIC

MARKETINGIN

PRACTICE

67

Bra

ndin

g

Typicalde

finition

–Th

epr

oces

sus

edby

aco

mpa

nyto

dist

ingu

ish

itspr

oduc

tsfr

omth

ose

ofits

com

petit

ors

thro

ugh

assi

gnin

ga

nam

e,te

rm,

sign

,sy

mbo

l,pa

ckag

ing

and

desi

gn.

Inre

ality

,as

soci

atio

nsw

ithbr

ands

are

not

just

inre

latio

nto

ana

me

orsy

mbo

l.Th

eyal

sone

edto

satis

fyth

eem

otio

nal

and

psyc

holo

gica

lne

eds

ofth

ecu

stom

er.

Bra

nds

now

enab

lecu

stom

ers

tom

ake

lifes

tyle

stat

emen

ts.

Mar

ketin

gre

sear

chca

nen

able

deci

sion

-mak

ing

conc

erni

ng:

nW

hat

are

the

phys

ical

and

emot

iona

lbe

nefit

sto

buyi

nga

bran

d?

nIn

wha

tta

ngib

lew

ayis

bran

dA

bett

erth

anbr

and

B?

nW

hich

psyc

holo

gica

lne

eds

will

bran

dA

satis

fybe

tter

than

bran

dB

?H

oww

illit

doth

is?

nW

hat

are

they

core

valu

esof

the

bran

d?

nW

hat

are

the

bran

das

soci

atio

nslin

ked

toth

ebr

and,

e.g.

Cad

bury

/Pur

ple/

Her

itage

/Qua

lity?

nB

rand

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e–

how

does

the

targ

etm

arke

tpe

rcei

veth

ebr

and

e.g.

tren

dy/d

owdy

?

nB

rand

Iden

tity

–m

essa

gese

ntby

the

owne

rto

the

stak

ehol

ders

,sh

ould

link

with

Imag

epe

rcep

tion

nB

rand

Pers

onal

ity–

char

acte

rof

the

bran

d,e.

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lvo

–m

iddl

eag

ed

nB

rand

nam

es–

Sho

rt,

dist

inct

ive,

easy

topr

onou

nce

and

Glo

bal

CONTEMPORARYMARKETINGISSUES

68

Bra

ndin

gst

rate

gies

Individu

albran

ding

–di

ffer

ent

bran

dna

mes

for

diff

eren

tpr

oduc

ts,

enab

ling

itto

posi

tion

the

bran

ddi

ffer

ently

inea

chm

arke

t,e.

g.S

eiko

and

Puls

ar.E

xpen

sive

topr

omot

ebu

tea

chis

sepa

rate

from

thos

eot

hers

inth

eor

gani

zatio

n

Corpo

rate

bran

ding

–A

llow

sa

new

bran

dto

bene

fitvi

aco

rpor

ate

asso

ciat

ion,

but

failu

rem

ayda

mag

eth

atlo

ng-h

eld

repu

tatio

n

Multi-brand

ing

–In

divi

dual

diff

eren

tiatio

nof

bran

dsto

allo

wfo

rdi

ffer

ent

posi

tioni

ngw

ithon

efa

ilure

havi

nglit

tleef

fect

onot

her

bran

ds.

Expe

nsiv

eto

prom

ote

Ran

gebran

ding

–A

llpr

oduc

tsin

the

rang

eca

rry

the

sam

ebr

and

nam

ew

ithpr

omot

iona

lco

sts

spre

adac

ross

the

rang

e.Po

sitio

ning

cons

iste

ntac

ross

the

rang

ean

da

failu

reof

one

can

effe

ctot

hers

,e.

g.C

adbu

ryic

ecr

eam

san

ddr

inki

ngch

ocol

ate

Private

bran

ding

/ownlabe

lbran

ds–

ofte

nkn

own

assu

perm

arke

tbr

ands

.C

usto

miz

edpr

oduc

tm

anuf

actu

red

for

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reta

iler

Gen

ericbran

ding

–re

fers

toa

prod

uct

cate

gory

rath

erth

ana

com

pany

nam

e.S

mal

ldiff

eren

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npo

ssib

le,

com

pete

onpr

ice.

Brand

licensing

–W

hen

anor

gani

zatio

ngr

ants

perm

issi

onto

anot

her

tous

eits

bran

dna

me

inre

turn

for

com

mis

sion

orfe

e,e.

g.C

AT

clot

hing

STR

ATEGIC

MARKETINGIN

PRACTICE

69

Bra

ndde

velo

pmen

tst

rate

gies

Extension/stretching

Usi

nga

succ

essf

ulbr

and

tola

unch

anot

her

ina

diff

eren

tpr

oduc

tca

tego

ry,

e.g.

Son

y–

mob

ileph

ones

Line

extension

New

item

sar

ead

ded

toa

prod

uct

line

unde

rth

esa

me

bran

dna

me,

e.g.

Kit

Kat

editi

ons

New

bran

dde

velopm

ent

Dev

elop

edfo

rex

istin

gor

new

mar

kets

toen

able

real

diff

eren

tiatio

n,e.

g.C

illit

Ban

g

Bra

ndre

vita

lizat

ion

Four

shap

es–Doyle

(199

8)

Develop

New

Markets

–w

hen

exis

ting

mar

kets

are

satu

rate

d,gr

owth

may

occu

rin

new

geog

raph

icm

arke

ts

EnterNew

Seg

men

ts–

prom

ote

the

bran

dto

new

segm

ents

orin

dust

ryse

ctor

s

Find

New

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lication

s–

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revi

talis

etir

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dbr

ands

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coza

deS

port

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seBrand

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akin

git

easi

erto

use

orpr

omot

ing

bulk

purc

hase

,e.

g.B

OG

OF

CONTEMPORARYMARKETINGISSUES

70

Oth

erbr

andi

ngte

rms

Brand

Equity

–Va

lue

ofth

ebr

and

isde

pend

ent

on:

nLe

vel

ofbr

and

loya

lty

nN

ame

nA

war

enes

s

nPe

rcei

ved

qual

ity

nB

rand

asso

ciat

ions

nPa

tent

s

nTr

adem

arks

nC

hann

elre

latio

nshi

ps

nG

loba

lpr

esen

ce

Globa

lbran

ds

nM

arke

ted

acro

ssbo

unda

ries

with

little

chan

geto

the

mar

ketin

gm

ix

nC

anbe

diff

icul

tto

tran

slat

eth

eco

reva

lues

from

one

mar

ket

into

adi

ffer

ent

cultu

ral

mar

ket.

nC

ultu

ral

diff

eren

ces

can

resu

ltin

chan

ges

bein

gne

cess

ary

tom

arke

tth

ebr

ands

succ

essf

ully

STR

ATEGIC

MARKETINGIN

PRACTICE

71

Bra

ndpo

sitio

ning

Rel

ates

toth

ecu

rren

tpe

rcep

tion

ofth

ebr

and

inth

em

inds

ofth

eta

rget

cust

omer

segm

ent,

both

asa

bran

dan

din

rela

tion

toth

eco

mpe

titor

bran

dsin

the

mar

ket.

Posi

tioni

ngis

ofte

nin

rela

tion

toth

eas

sets

and

attr

ibut

esth

atar

eas

soci

ated

with

the

bran

d.

Re-

posi

tioni

ngca

nta

ketw

ofo

rms:

nR

eal

re-p

ositi

onin

g–

whe

nth

epr

oduc

tis

mod

ified

orup

date

d

nPs

ycho

logi

cal

re-p

ositi

onin

g–

whe

nbe

liefs

abou

tth

ebr

and

are

chan

ged

over

time

thro

ugh

the

use

ofad

vert

isin

gan

dco

mm

unic

atio

ns,

e.g.

Sko

daca

rs

Posi

tioni

ngw

ithin

am

arke

tse

ctor

isof

ten

dem

onst

rate

dus

ing

perc

eptu

al-p

ositi

onin

gm

aps.

CONTEMPORARYMARKETINGISSUES

72

Rev

isio

ntip

s

nA

llof

thes

eco

ntem

pora

rym

arke

ting

issu

esw

illne

edto

beco

nsid

ered

whe

nyo

uar

efo

rmul

atin

gst

rate

gies

for

your

case

stud

yor

gani

zatio

n.Ea

chw

illha

vea

diff

erin

gef

fect

upon

the

sele

cted

orga

niza

tion.

Onl

yth

ose,

whi

char

eim

port

ant,

will

need

tobe

part

ofyo

ursu

bmis

sion

.

nIt

may

also

beus

eful

toco

nsid

erth

est

ance

ofth

eco

mpe

titiv

eor

gani

zatio

nsin

rela

tion

toco

ntem

pora

rym

arke

ting

issu

esan

dde

term

ine

ifco

mpe

titiv

ead

vant

ages

coul

dor

have

been

gain

edon

the

basi

sof

thes

eis

sues

nTh

isis

not

anex

haus

tive

list.

Use

your

own

know

ledg

ean

dex

peri

ence

ofa

mar

ket

sect

orto

dete

rmin

ew

hat

othe

ris

sues

coul

dbe

rele

vant

toth

ech

osen

indu

stry

sect

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nLo

okat

both

the

case

stud

yan

dex

amin

er’s

repo

rtfo

rD

ecem

ber

2004

for

abr

oade

rvi

ewon

cont

empo

rary

mar

ketin

gis

sues

–se

ew

ww

.cim

.co.

uk

STR

ATEGIC

MARKETINGIN

PRACTICE

73

EFFE

CTIVECUSTO

MER

ORIENTA

TION

LEARNIN

GOUTCOMES

This

chap

ter

will

build

onth

eco

ncep

tof

rela

tions

hip

mar

ketin

gw

ithin

the

cust

omer

cont

ext

asal

read

ydi

scus

sed

inth

epr

evio

usch

apte

r.It

disc

usse

s:

�M

arke

tor

ient

atio

nan

dcu

stom

eror

ient

atio

n�

Det

ails

offin

anci

alan

alys

isan

dm

arke

ting

met

rics

asco

ntro

lm

echa

nism

s�

Dis

cuss

ion

and

form

ulat

ion

ofco

ntin

genc

ypl

ans

KEY

DEFIN

ITIO

NS

Mar

ket

orie

ntat

ion

isth

esu

mof

the

spec

ific

activ

ities

,w

hich

tran

slat

eth

eph

iloso

phy

ofm

arke

ting

into

real

ity.

Cus

tom

eror

ient

atio

nin

volv

esun

ders

tand

ing

ofcu

stom

ers

wel

len

ough

tocr

eate

supe

rior

valu

efo

rth

emco

ntin

uous

ly.

Inte

r-fu

nctio

nal

co-o

rdin

atio

nin

volv

esth

eco

mpa

nyus

ing

all

itsre

sour

ces

and

depa

rtm

ents

tocr

eate

valu

efo

rits

targ

etcu

stom

ers.

Unit5

Mar

ketin

gor

ient

atio

nco

nstr

ucts

Inform

ationge

neration

Of

cust

omer

,m

arke

tan

dco

mpe

titor

rela

ted

info

rmat

ion

asa

resu

ltof

the

com

pany

’sin

telli

-ge

nce

gath

erin

gac

tiviti

es.

The

info

rmat

ion

isei

ther

from

inte

rnal

orex

tern

also

urce

s.

Inform

ationdissem

ination

Dis

sem

inat

ion

ofin

form

atio

nob

tain

edto

the

indi

vidu

als

oper

atin

gw

ithin

the

orga

niza

tion.

Ifin

form

atio

ndi

ssem

inat

ion

ispo

or,

itis

diff

icul

tfo

rth

eco

mpa

nyto

deve

lop

the

corr

ect

stra

tegy

for

agi

ven

mar

ket

ora

cust

omer

grou

p

Implem

entation

andrespon

se

Aco

mpa

nyne

eds

toac

ton

the

info

rmat

ion

rece

ived

,in

acl

ear

and

prec

ise

man

ner.

The

type

ofin

form

atio

nga

ther

edan

dth

esp

eed

ofdi

ssem

inat

ion

play

anim

port

ant

role

onth

eor

gani

zatio

n’s

abili

tyto

dete

rmin

ean

dim

plem

ent

stra

tegi

esef

fect

ivel

y.

STR

ATEGIC

MARKETINGIN

PRACTICE

75

Com

pone

nts

ofm

arke

ting

orie

ntat

ion

Inte

r-fu

nctio

nal c

oord

inat

ion

Pro

fit o

rgan

izat

ion

Cus

tom

er o

rient

atio

nC

ompe

titor

orie

ntat

ion

Suc

cess

fact

ors

Sou

rce:

Aft

erD

eng

and

Dar

t(1

994)

.

EFFECTIVECUSTO

MER

ORIENTA

TION

76

Cus

tom

er-c

entr

icm

arke

ting

Inor

der

tobe

cust

omer

-cen

tric

,m

arke

ters

need

tobe

able

toas

sess

each

cust

omer

indi

vidu

ally

and

satis

fyth

eir

need

sdi

rect

lyor

thro

ugh

ath

ird

part

y.

Per

spec

tive

Mas

sm

arke

tLa

rge

segm

ents

Nic

hese

gmen

tsS

ingl

ecu

stom

ers

Pro

duct

orie

ntat

ion

Mar

ket

orie

ntat

ion

Cus

tom

eror

ient

atio

n

Pro

duct

orga

niza

tion

Mar

ket

orga

niza

tion

Cus

tom

eror

gani

zatio

n

Orie

ntat

ion

Org

aniz

atio

n

Gro

wth

ofcu

stom

er-c

entr

icm

arke

ting

Sou

rce:

She

thet

al.

(200

0).

STR

ATEGIC

MARKETINGIN

PRACTICE

77

Cus

tom

eran

alys

is

Oft

enst

arts

with

asse

ssin

gth

ecu

stom

er’s

prof

itabi

lity

onth

eba

sis

ofC

usto

mer

Life

time

Valu

e(C

LV),

whi

chis

aco

ntro

vers

ial

conc

ept

amon

gst

mar

ketin

gth

eori

sts.

The

mea

sure

men

tof

CLV

need

sto

take

into

acco

unt

the

tota

lfin

anci

alco

ntri

butio

n(r

even

ues�

cost

s)of

acu

stom

erov

erth

eir

entir

elif

eof

abu

sine

ssre

latio

nshi

pw

ithth

eco

mpa

ny.

1. R

ecur

ring

re

venu

es

2. R

ecur

ring

co

sts

3. N

et

mar

gin

4. L

ifesp

an o

f

a cu

stom

er

5. C

umul

ated

m

argi

n

6. A

cqui

sitio

n

cost

s

7. C

usto

mer

lif

etim

e

valu

e

Sev

en-s

tep

proc

ess

tom

easu

recu

stom

erva

lue.

EFFECTIVECUSTO

MER

ORIENTA

TION

78

Def

inin

ga

cust

omer

unit

Taki

ngth

eta

ble

abov

eby

com

bini

ngth

ech

arac

teri

stic

s,it

ispo

ssib

leto

see

that

:

An

orga

niza

tion

with

aS

MA

LLnu

mbe

rof

cust

omer

s,w

hich

mak

ea

SM

ALL

num

ber

oftr

ansa

ctio

nsth

atre

quir

ea

HIG

Hle

vel

ofco

mpa

ny–

cust

omer

invo

lvem

ent

wou

ldde

fine

the

cust

omer

unit

asa

SIN

GLE

cust

omer

oran

orga

niza

tion.

An

orga

niza

tion

with

aLA

RG

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mbe

rof

cust

omer

sm

akin

ga

LAR

GE

amou

ntof

tran

sact

ions

wou

ldre

quir

ea

LOW

leve

lof

invo

lvem

ent,

mig

htfin

dit

mor

eap

prop

riat

eto

aggr

egat

eth

ein

divi

dual

cust

omer

sin

tose

gmen

tsw

ithho

mog

enou

spr

ofile

san

dbe

havi

our.

This

type

ofse

gmen

tatio

nhe

lps

the

orga

niza

tion

tobe

mor

ecu

stom

er-f

ocus

edin

ase

nsib

le,

prof

itabl

em

anne

r.

Num

berof

custom

ers

Num

berof

tran

sactions

Levelof

involvem

ent

Larg

eLa

rge

Hig

h

Med

ium

Med

ium

Med

ium

Sm

all

Sm

all

Low

STR

ATEGIC

MARKETINGIN

PRACTICE

79

Seg

men

tatio

nan

dsa

tisfa

ctio

n

Res

earc

h

Cus

tom

er s

egm

enta

tion

Tar

gete

d cu

stom

er s

egm

ent 1

Tar

gete

d cu

stom

er s

egm

ent 2

Tar

gete

d cu

stom

er s

egm

ent 3

Mar

ketin

g m

ix s

trat

egy

1M

arke

ting

mix

str

ateg

y 2

Mar

ketin

g m

ix s

trat

egy

3

Sat

isfa

ctio

n m

easu

rem

ent (

segm

ent s

peci

fic)

Com

pany

’s o

ffer

vs c

ompe

titor

s’ o

ffer

Rel

atio

n be

twee

n sa

tisfa

ctio

n, c

osts

and

rev

enue

sS

ourc

es o

f sat

isfa

ctio

n/di

ssat

isfa

ctio

n an

d th

e le

vel

of im

port

ance

allo

cate

d to

them

EFFECTIVECUSTO

MER

ORIENTA

TION

80

Bas

isfo

rse

gmen

tatio

nA

nyba

sis

used

mus

tbe

:

nM

easu

rabl

e

nS

ubst

antia

l

nA

cces

sibl

e

Con

sumer

bases

Indu

strial

bases

Dem

ogra

phic

sIn

dust

ryty

pe

Soc

ioec

onom

icS

ize

ofth

eor

gani

zatio

n

Geo

grap

hic

Geo

grap

hic

Pers

onal

ityan

dlif

esty

leU

ser

stat

us

Freq

uenc

yof

use

Usa

gera

te

Ben

efits

soug

htB

enef

itsso

ught

STR

ATEGIC

MARKETINGIN

PRACTICE

81

Fina

ncia

lan

alys

is

Todi

ssem

inat

ein

form

atio

nto

shar

ehol

ders

and

stak

ehol

ders

’co

mpa

nies

prod

uce

annu

alac

coun

tsex

plai

ning

finan

cial

flow

s,pr

ofits

and

loss

esan

dba

lanc

esh

eets

.In

ara

tiofo

rm,

thes

em

easu

res

are

usef

ulto

inte

rpre

tfin

anci

alst

atem

ents

ofth

eor

gani

zatio

nan

dth

eir

com

petit

ors,

and

can

behe

lpfu

lin

iden

tifyi

ngth

etr

ends

and

high

light

ing

thei

rst

reng

ths

and

wea

knes

ses

over

time.

Thes

efa

llin

toth

efo

llow

ing

five

basi

cca

tego

ries

:

nPr

ofita

bilit

yra

tios

nLi

quid

ityra

tios

nA

sset

utili

zatio

nra

tios

nC

apita

lst

ruct

ure

ratio

s

nIn

vest

orra

tios

Prof

itabi

lity

ratio

s

Gro

sspr

ofit¼

Sal

esre

venu

e�

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tof

good

sso

ld

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esre

venu

e

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prof

itm

argi

Net

inco

me

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esre

venu

e

RO

CE¼

Prof

itbe

fore

inco

me

tax

Cur

rent

asse

ts�

curr

ent

liabi

litie

s

EFFECTIVECUSTO

MER

ORIENTA

TION

82

Liqu

idity

ratio

s

Cur

rent

ratio

¼C

urre

ntas

sets

Cur

rent

liabi

litie

s

Qui

ckra

tio¼

Tota

las

sets

Tota

llia

bilit

ies

Inve

ntor

yto

net

wor

king

capi

tal

¼In

vent

ory

Cur

rent

asse

ts�

curr

ent

liabi

litie

s

Ass

etut

iliza

tion

ratio

s

Ref

lect

the

effic

ienc

yw

ithw

hich

the

orga

niza

tion

deal

inth

em

arke

tpla

ce

Ret

urn

onto

tal

asse

ts¼

Net

inco

me

Tota

lA

sset

s

Inve

ntor

ytu

rnov

er¼

Sal

es

Inve

ntor

y

Fixe

das

set

turn

over

¼S

ales

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das

sets

Ave

rage

colle

ctio

npe

riod

¼A

ccou

nts

rece

ivab

le

Ave

rage

daily

sale

s

STR

ATEGIC

MARKETINGIN

PRACTICE

83

Cap

ital

stru

ctur

era

tios

Deb

tto

asse

tsra

tio¼

Tota

lde

bt

Tota

las

sets

Deb

tto

equi

tyra

tio¼

Tota

lde

bt

Tota

leq

uity

Long

term

debt

/equ

ityra

tio¼

Long

-ter

mde

bt

Tota

leq

uity

Profitratios

–M

easu

reth

eor

gani

zatio

n’s

tota

lef

fect

iven

ess

inge

nera

ting

prof

itsfr

omth

eav

aila

ble

reso

urce

s.It

isus

eful

toco

mpa

rew

ithco

mpe

titor

s,an

dov

ertim

eto

indi

cate

ifth

eor

gani

zatio

nis

impr

ovin

gits

perf

orm

ance

.

Liqu

idityratios

–R

efer

toth

ere

ady

cash

that

isav

aila

ble

toan

orga

niza

tion

for

itsim

med

iate

use.

The

low

erth

eliq

uidi

ty,

the

grea

ter

isth

eda

nger

ofno

tbe

ing

able

tom

eet

the

cash

com

mitm

ents

.

Asset

utilizationratios

–R

efle

ctth

eef

ficie

ncy

with

whi

chth

eor

gani

zatio

nde

als

inth

em

arke

t-pl

ace

inte

rms

ofco

stin

curr

edto

faci

litat

esa

les.

Cap

ital

structureratios

–A

rea

mea

sure

ofth

eam

ount

ofde

btan

orga

niza

tion

hold

s.If

inve

stm

ent

isre

quir

ed,

bank

sw

illlo

okfo

ra

low

erfig

ure

befo

relo

anin

gca

pita

lfo

rth

eir

grow

th.

EFFECTIVECUSTO

MER

ORIENTA

TION

84

Mar

ketin

gm

etri

cs

Mar

ketin

gm

etri

csha

vebe

com

ea

poin

tof

seri

ous

cons

ider

atio

nfo

ror

gani

zatio

nslo

okin

gfo

rth

ebe

stw

ayto

mea

sure

perf

orm

ance

.Hav

ing

stan

dard

met

rics

for

allo

rgan

izat

ions

isdi

ffic

ult,

soor

gani

zatio

nsne

edto

asse

ssth

em

ost

valid

mod

elfo

rth

eir

spec

ific

mar

ket

sect

or.

Cri

teri

afo

rch

oosi

ngsu

itabl

em

etri

cs

Sui

tabi

lity

nIn

dust

ryse

ctor

/For

m

nO

rien

tatio

nof

the

orga

niza

tion

nLe

vel

ofte

chno

logi

cal

mea

sure

men

tpo

ssib

le

nVi

sion

san

dva

lues

ofth

eor

gani

zatio

n

nA

bilit

yto

asse

sstr

ends

over

time

nA

bilit

yto

benc

hmar

kve

rsus

com

petit

ion

Feas

ibili

ty

Doe

sth

eor

gani

zatio

nha

veth

ere

sour

ces

inte

rms

ofsy

stem

s,in

form

atio

nan

dsk

ills

tom

easu

reth

ese

chos

enm

etri

cs?

Wha

tis

the

cost

ofm

easu

rem

ent,

wha

tar

eth

ebe

nefit

s?

Acc

epta

bilit

y

Are

they

acce

ptab

leto

stak

ehol

der?

Are

they

mea

suri

ngth

eco

rrec

tis

sues

inre

latio

nto

the

orga

niza

tion’

sst

ated

dire

ctio

n?A

reth

ere

sults

tang

ible

and

usef

ul?

STR

ATEGIC

MARKETINGIN

PRACTICE

85

Afr

amew

ork

for

mar

ketin

gm

etri

cs Str

ateg

ic v

isio

n

Ass

essm

ent o

f su

itab

ility

of m

easu

res

to b

ead

opte

d

Acc

epta

bili

ty•

To

the

vario

us

mar

ketin

g ar

eas

Sha

reho

lder

acc

epta

bilit

y

Fea

sib

ility

Can

the

chos

en m

easu

ring

activ

ities

be u

sed/

initi

ated

?

Sel

ectio

n of

app

ropr

iate

mea

sure

s

Sou

rce:

Ran

chho

d(2

004)

.

EFFECTIVECUSTO

MER

ORIENTA

TION

86

Marketda

taMarketsize

Markettren

d

Rel

ativ

em

arke

t

perf

orm

ance

�U

nit

volu

me

tren

d�

Rel

ativ

epr

ice

leve

lsan

dtr

ends

�M

arke

tsh

are

(vol

ume)

�S

ales

bym

ajor

bran

d(v

alue

)

�M

arke

tsh

are

bym

ixby

maj

or

mar

ket

segm

ent

(val

ue)

�M

ajor

bran

dtr

ends

(val

ue)

�C

hann

el(v

alue

)

Cus

tom

erpe

rfor

man

ce�

Num

ber

ofcu

stom

ers

�C

usto

mer

serv

ice

leve

ls

�C

usto

mer

loya

lty�

Cus

tom

ersa

tisfa

ctio

n

�C

usto

mer

com

plai

nts

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onsu

mpt

ion

per

capi

ta(v

alue

)

�R

elat

ive

qual

ity

�R

elat

ive

valu

e

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ould

reco

mm

end

com

pany

or

bran

dsto

frie

nd

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vatio

n�

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ivity

cale

ndar

(pas

tye

ar)

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ewpr

oduc

t/se

rvic

ere

view

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tate

men

tof

futu

reop

port

uniti

es

and

obje

ctiv

es

�N

ewpr

oduc

ts/s

ervi

ces

laun

ched

inpa

st�

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ners

hip,

acqu

isiti

ons,

licen

ces

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ars

as%

ofth

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ar’s

sale

s

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ienc

y�

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acity

utili

zatio

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ards

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&D

prod

uctiv

ity

(con

tinue

d)

STR

ATEGIC

MARKETINGIN

PRACTICE

87

Marketda

taMarketsize

Markettren

d

Peop

lean

d

com

pete

ncy

�%

empl

oyee

turn

over

�Tr

aini

ngac

tiviti

es,

and

trai

ning

spen

d

�%

empl

oyee

spa

rtic

ipat

ing

in

shar

epu

rcha

seor

prof

it-sh

arin

g

�S

pend

as%

ofsa

les

�Em

ploy

eesa

tisfa

ctio

n

�In

telle

ctua

lpr

oper

ty

Inve

stm

ent

�R

&D

prio

ritie

san

dsp

end

as%

ofsa

les

�To

tal

mar

ketin

gsp

end

as%

ofsa

les

�C

apita

lex

pend

iture

activ

ityan

d

spen

das

%of

sale

s

�Te

chni

cal

supp

ort

tocu

stom

ers

�A

dver

tisin

gsp

end

as%

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g�

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eren

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aren

ess

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age

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rand

valu

e�

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eive

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ffer

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l

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rand

stre

ngth

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tioni

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trib

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nnel

mix

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end

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hann

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end

EFFECTIVECUSTO

MER

ORIENTA

TION

88

Cor

pora

te G

oal

Tier

1

Tier

2

Tier

3

Max

imiz

e co

mpa

ny p

rofit

s

Mea

sure

and

opt

imiz

e R

OI f

or th

e co

mbi

natio

n of

all

mar

ketin

g in

vest

men

ts

Mea

sure

and

opt

imiz

e th

e co

mbi

natio

n of

:* C

usto

mer

life

time

valu

es* T

otal

num

ber o

f cus

tom

ers

* Mar

ketin

g ex

pens

e

Mea

sure

s an

d op

timiz

e• C

onve

rsio

n ra

te• R

eten

tion

rate

• Ref

erra

l rat

eM

easu

res

and

optim

ize

• Ini

tial s

ale

prof

it• N

PV o

f fut

ure

prof

its• S

hare

and

gro

wth

of c

usto

mer

Mea

sure

and

opt

imiz

e• C

osts

per

sal

e

Mea

sure

and

man

age

• Aw

aren

ess

• Bra

nd im

age

Mea

sure

and

man

age

• Cus

tom

er s

atis

fact

ion

• Rev

enue

per

sal

e

* Con

tact

rate

* Res

pons

e ra

tes

* Lea

ds g

ener

ated

* Clic

k-th

roug

h ra

tes

* Web

site

vis

its* L

engt

h of

vis

it

Mea

sure

and

man

age

• Cos

t per

clic

k-th

orou

gh• C

ost p

er im

pres

sion

To m

axim

ize

com

pany

pro

fits

To m

axim

ize

mar

ketin

g R

OI

To m

axim

ize

CLV

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axim

ize

num

ber o

f Cus

tom

ers

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ack

perfo

rman

ce re

late

d to

sal

esTo

trac

k pe

rform

ance

rela

ted

to v

alue

Oth

er p

re-s

ale

perfo

rman

ce in

dica

tors

to g

uide

stra

tegi

c de

cisi

ons

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ack

perfo

rman

ce re

late

d to

exp

ense

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inim

ize

mar

ketin

g ex

pens

e

STR

ATEGIC

MARKETINGIN

PRACTICE

89

Con

tinge

ncy

plan

ning

Inin

crea

sing

lyun

cert

ain

and

risk

yen

viro

nmen

ts,

the

need

for

cont

inge

ncy

plan

ning

beco

mes

impo

rtan

t.M

ost

orga

niza

tions

dono

tse

tbu

dget

sas

ide

for

thes

eis

sues

,an

dar

eth

eref

ore

cons

trai

ned

inac

ting

effe

ctiv

ely

shou

lda

situ

atio

nar

ise.

Con

tinge

ncie

sar

ere

quir

edw

hen:

nS

uppl

ych

ain

cost

sri

se

nS

hare

ofVo

ice

falls

nPr

ice

pres

sure

incr

ease

sre

sulti

ngfr

omco

mpe

titor

activ

ity

nVa

riat

ions

inpr

oduc

tqu

ality

/pro

duct

reca

lloc

curs

nG

ood

orad

vers

ePR

occu

rs

nC

hang

esin

tech

nolo

gyre

sult

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oduc

tsbe

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ing

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lete

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tern

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oduc

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prob

lem

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ise

nEx

tern

alfa

ctor

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ange

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onom

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gal

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ors

EFFECTIVECUSTO

MER

ORIENTA

TION

90

Con

tinge

ncy

plan

ning Str

ateg

ies

Res

ults

Con

trol

met

rics

Var

ianc

esC

ontin

genc

ies

Fee

dbac

k

STR

ATEGIC

MARKETINGIN

PRACTICE

91

Rev

isio

ntip

s

nA

gain

,it

isim

port

ant

toha

vea

deta

iled

know

ledg

eof

all

indu

stry

sect

ors

and

size

s,in

orde

rto

beab

leto

deve

lop

the

corr

ect

stra

tegi

esfo

rth

eor

gani

zatio

n.Ev

ery

orga

niza

tion

has

itsow

nke

yis

sues

that

itne

eds

tota

kein

toac

coun

t.Th

eca

sest

udy

orga

niza

tion(

s)w

illbe

nodi

ffer

ent

nIt

isal

sone

cess

ary

tocr

itica

llyev

alua

teso

me

mod

els

and

met

rics

toen

able

you

toju

stify

disr

egar

ding

them

with

inyo

uran

alys

is.

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page

sis

not

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ghto

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ral

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em

arke

ting

mod

els

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labl

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the

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yor

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om.

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ight

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eon

term

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chas

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and

vari

able

cost

s,br

eake

ven

and

cont

ribu

tion

–th

ese

are

ofte

nus

eful

inan

alys

is–

mak

esu

reyo

uar

efa

mili

arw

ithth

em

EFFECTIVECUSTO

MER

ORIENTA

TION

92

THEEX

AMINATION

LEARNIN

GOUTCOMES

Pulli

ngev

eryt

hing

toge

ther

�H

owto

anal

yse

case

stud

ies

and

form

ulat

ego

odan

alys

esin

line

with

the

requ

irem

ents

ofS

MiP

?�

How

toap

ply

and

use

anal

yses

inth

ecl

osed

book

exam

inat

ion?

�W

hat

the

exam

iner

sar

elo

okin

gfo

r?

BACKGROUND

The

case

stud

yis

base

don

real

orga

niza

tions

and

cand

idat

esar

eex

pect

edto

criti

cally

anal

yse

them

usin

ga

rang

eof

tech

niqu

esin

prep

arat

ion

for

the

exam

.Th

isis

why

the

case

stud

yis

sent

tost

uden

tsfo

urw

eeks

befo

reth

eex

am.

Can

dida

tes

are

expe

cted

tode

mon

stra

teth

eir

unde

rpin

ning

know

ledg

efr

omal

lpo

st-

grad

uate

mod

ules

with

inth

ean

alys

isan

dex

amin

atio

n.It

isim

port

ant

that

crea

tive

flair

and

inno

vatio

nin

appr

oach

isde

mon

stra

ted.

An

unde

rsta

ndin

gan

dap

plic

atio

nof

rele

vant

cont

empo

rary

issu

esis

also

requ

ired

.

Unit6

STR

ATEGIC

MARKETINGIN

PRACTICE

93

Ski

llsre

quir

edfo

rpr

epar

ing

for

the

SM

iPex

am

Ana

lysi

san

dcr

itica

lth

inki

ng

Can

dida

tes

are

requ

ired

tode

mon

stra

teth

eir

anal

ytic

alab

ility

,in

terp

retiv

esk

ills

and

insi

ght

into

the

orga

niza

tion.

The

exam

iner

islo

okin

gfo

rca

ndid

ates

tota

kecl

ear

and

sens

ible

deci

sion

sw

ithin

the

cont

ext

ofth

eca

sest

udy.

Acr

itica

law

aren

ess

ofth

esp

ecifi

cis

sues

invo

lved

,re

leva

ntth

eore

tical

unde

rpin

ning

,at

tent

ion

tode

tail,

cohe

renc

ean

dju

stifi

catio

nsof

stra

tegi

esad

opte

dw

illal

sobe

asse

ssed

.

Dec

isio

nm

akin

gw

ithin

cont

ext

The

cand

idat

esne

edto

beco

mpe

tent

enou

ghto

anal

yse

prob

lem

sw

ithin

am

arke

ting

cont

ext

and

subs

eque

ntly

take

appr

opri

ate

deci

sion

sto

impl

emen

tm

arke

ting

stra

tegi

esfo

ran

orga

niza

tion.

Dec

isio

nsha

veto

refle

ctth

efa

ctth

atca

ndid

ates

have

thor

ough

lyun

ders

tood

the

key

mar

ketin

gis

sues

impi

ngin

gon

the

case

.Th

eyha

veto

mak

ede

cisi

ons

that

are

real

istic

,ju

stifi

able

and

actio

nabl

ew

ithin

the

give

nco

nstr

aint

sof

the

orga

niza

tion.

Judg

ing

betw

een

cour

ses

ofac

tion

Ther

ear

eal

way

sse

vera

lal

tern

ativ

esto

apr

oble

m.

Can

dida

tes

are

expe

cted

topu

rsue

cour

ses

ofac

tion

that

are

poss

ible

real

istic

and

sust

aina

ble.

Ther

eis

nocl

ear

righ

tor

wro

ngan

swer

.Ex

amin

ers

look

for

solu

tions

that

will

wor

kw

ithin

the

give

nsc

enar

io.

THEEX

AMINATION

94

Han

dlin

gas

sum

ptio

nsan

din

fere

nces

All

case

sar

eba

sed

upon

real

life

info

rmat

ion

that

may

have

gaps

with

init.

No

com

pany

wor

ksin

ape

rfec

ten

viro

nmen

tor

with

perf

ect

info

rmat

ion.

Inm

ost

case

sst

uden

tsw

illne

edto

mak

eas

sum

ptio

ns.

As

long

asth

ese

are

not

wid

ely

off

the

mar

kth

ey

are

acce

ptab

le.

Inso

me

case

sst

uden

tsm

ayre

com

men

dth

atfu

rthe

rre

sear

chis

nece

ssar

y.

Pres

entin

ga

poin

tof

view

Exam

iner

sex

pect

answ

ers

tobe

indi

vidu

al,a

ndhe

nce

tova

ry.G

roup

anal

ysis

isno

tac

cept

edan

dw

here

subm

itted

,mar

ksw

ill

not

beaw

arde

d.It

isim

port

ant

not

toge

thu

ngup

onw

hat

othe

rsar

eth

inki

ng,

inst

ead

conc

entr

ate

onpr

oduc

ing

argu

men

ts

and

reco

mm

endi

ngac

tions

that

are

just

ified

Rel

atin

gth

eory

topr

actic

e

Itis

esse

ntia

lto

dem

onst

rate

your

know

ledg

eof

the

unde

rpin

ning

theo

ryth

roug

hits

appl

icat

ion

inyo

uran

alys

isan

dan

swer

s

with

inth

eex

amin

atio

n.To

oof

ten,

cand

idat

eson

lypr

oduc

eth

eory

oron

lypr

oduc

epr

actic

alre

com

men

datio

nsw

ithno

links

betw

een

the

two.

Inor

der

tobe

succ

essf

ul,

you

need

tobe

know

ledg

eabl

eab

out

both

prac

tical

mar

ketin

gas

pect

san

d

theo

retic

alis

sues

.

The

cand

idat

ebr

ief

The

brie

fis

anin

tegr

alpa

rtof

the

case

stud

y.It

give

san

idea

ofth

ero

leyo

uar

eex

pect

edto

assu

me

with

inyo

uran

alys

isan

d

subs

eque

ntan

swer

s.Yo

uw

illbe

dire

cted

toth

eke

yis

sues

you

shou

ldbe

cons

ider

ing

and

som

eis

sues

,w

hich

may

bele

ss

impo

rtan

t.

STR

ATEGIC

MARKETINGIN

PRACTICE

95

The

exam

inat

ion

nR

ewar

dsst

uden

tsfo

rw

ork

com

plet

edbe

twee

nth

eca

sest

udy

bein

gre

leas

edan

dth

eex

am.

nEn

able

sst

uden

tsto

conc

entr

ate

onth

eca

sean

dut

ilize

the

prep

ared

anal

ysis

effe

ctiv

ely.

n25

%of

mar

ksar

eal

loca

ted

toth

epr

e-pr

epar

edan

alys

isin

the

follo

win

gpr

opor

tion;

^10

%fo

rth

epr

oduc

tion

ofsi

xsi

des

ofA

4an

alys

is(m

inim

umfo

ntsi

ze11

),su

bmitt

edw

ithth

eex

ampa

per.

^15

%fo

rth

eap

plic

atio

nof

the

anal

ysis

with

inth

eex

amin

atio

n.S

tude

nts

shou

ldre

fer

toth

ean

alys

isan

dno

tre

prod

uce

it.

Itis

impo

rtan

tth

atyo

ursi

xpa

ges

incl

ude

only

anal

ysis

.A

lthou

ghyo

uar

eex

pect

edto

utili

zeth

epe

riod

befo

reth

eex

amto

cons

ider

your

reco

mm

enda

tion

onho

wto

mov

eth

eor

gani

zatio

nfo

rwar

d,th

ese

shou

ldno

tbe

anno

tate

dto

take

into

the

exam

orfo

rmpa

rtof

your

anal

ysis

subm

itted

.

THEEX

AMINATION

96

The

best

way

topr

epar

efo

rth

eca

se

Can

dida

tes

shou

ldun

dert

ake

the

follo

win

gad

vice

(rep

eate

dfr

omU

nit

1):

nW

rite

orpr

int

pre-

prep

ared

anal

ysis

onsix

side

sof

A4.

Exam

iner

sw

illbe

look

ing

for

tabl

es,

diag

ram

san

dke

yis

sues

.Ta

bles

such

asS

WO

T,th

ough

help

ful,

dono

tsh

owde

epan

alyt

ical

thou

ght.

nIf

cand

idat

esus

eth

eav

aila

ble

shee

tsfo

rw

ritin

g‘c

rib’

mat

eria

l,su

chas

mod

els

orpl

ans

they

will

pena

lize

them

selv

esas

ther

ew

illbe

less

spac

efo

rgo

odan

alys

isth

atco

unts

tow

ards

the

final

mar

ks.

nTh

edi

agra

ms

shou

ldbe

clea

rly

visi

ble

and

the

wri

ting

shou

ldbe

clea

rly

legi

ble.

Typi

ngsh

ould

beno

less

than

font

size

11.

nD

ata

give

nw

ithin

the

case

shou

ldbe

anal

ysed

clea

rly

and

effe

ctiv

ely.

nPl

ease

not

that

itw

illbe

tota

llyun

acce

ptab

lefo

rst

uden

tsto

pres

ent

stan

dard

ized

grou

pan

alys

is/a

ppen

dice

san

dth

eyw

illth

eref

ore

bepe

naliz

edac

cord

ingl

y.

STR

ATEGIC

MARKETINGIN

PRACTICE

97

Dur

ing

the

exam

inat

ion

You

are

allo

wed

tota

keyo

ursi

xpa

ges

ofan

alys

isan

dyo

uran

nota

ted

case

stud

ybo

okle

tin

toth

eex

amin

atio

nro

om.

Inso

me

case

sad

ditio

nal

info

rmat

ion

may

begi

ven

with

inth

eex

ampa

per,

whi

chyo

uw

illne

edto

inco

rpor

ate

into

your

resp

onse

toth

equ

estio

nsse

t,an

dco

nsid

erth

eef

fect

ofth

isin

form

atio

non

pre-

prep

ared

anal

ysis

.

Inth

eex

amin

atio

nyo

uar

eex

pect

edto

draw

upon

all

othe

ras

pect

sof

the

rem

aini

ngPo

st-g

radu

ate

dipl

oma

mod

ules

.

Tope

rfor

mw

ell

onth

epa

per,

cand

idat

esw

illha

veto

exhi

bit

the

follo

win

g:

nA

need

toco

ncen

trat

eon

the

stra

tegi

cas

pect

sof

mar

ketin

gun

derp

inne

dby

the

nece

ssar

yde

tail

nTh

eab

ility

toid

entif

y‘g

aps’

inth

eca

sest

udy

and

toou

tline

the

assu

mpt

ions

mad

e

nTh

eab

ility

tocr

itica

llyap

ply

rele

vant

mod

els

for

case

anal

ysis

nTh

eab

ility

todr

awan

dsy

nthe

size

from

any

ofth

edi

plom

asu

bjec

tar

eas

asre

leva

nt

nC

once

ntra

tion

onth

equ

estio

nse

tra

ther

than

just

the

pre-

prep

ared

anal

ysis

nTh

eab

ility

toan

swer

inth

ere

port

form

atw

ithco

mpr

ehen

sive

sent

ence

sra

ther

than

prov

idin

gsi

mpl

istic

lists

THEEX

AMINATION

98

nTh

eju

dici

ous

use

ofdi

agra

ms

for

illus

trat

ive

purp

oses

nTh

eab

ility

todr

awdi

spar

ate

links

toge

ther

and

give

cohe

rent

answ

ers

nTh

eus

eof

inte

rest

ing

and

usef

ular

ticle

sfr

omjo

urna

lsin

thei

ran

swer

s

nD

evel

opin

gst

rate

gic

idea

s,ce

ntre

dar

ound

cont

empo

rary

mar

ketin

gis

sues

nIn

nova

tion

and

crea

tivity

inan

swer

ing

the

ques

tions

nD

emon

stra

tion

ofpr

actic

alap

plic

atio

nsof

mar

ketin

gkn

owle

dge

nS

ensi

ble

use

oftim

ean

dan

abili

tyto

plan

the

answ

ers

with

inth

ese

ttim

e

nA

good

unde

rsta

ndin

gof

the

case

stud

yse

t

STR

ATEGIC

MARKETINGIN

PRACTICE

99

The

best

way

topr

epar

efo

rth

eca

sew

ould

enta

ilth

efo

llow

ing

cons

ider

atio

ns:

nPr

actic

eon

prev

ious

exam

inat

ion

pape

rs

nR

eadi

ngan

ddi

gest

ing

the

seni

orex

amin

er’s

repo

rt

nR

eadi

ngbo

oks,

new

spap

ers,

rele

vant

mar

ketin

gan

dac

adem

icjo

urna

ls

nFo

rea

chex

amin

atio

nca

seas

cert

aini

ngth

ere

leva

ntkn

owle

dge

base

that

will

bere

quir

ed

nB

eing

flexi

ble

and

criti

cal

whe

nus

ing

anal

ytic

alm

odel

sin

stea

dof

bein

gpr

escr

iptiv

e

nD

epen

ding

onth

eca

sest

udy,

utili

zing

ara

nge

ofdi

ffer

ent

anal

ytic

alm

odel

san

dto

ols

appr

opri

ate

toth

eco

ntex

tof

the

case

(see

Figu

re6.

1fo

ran

illus

trat

ive

sche

dule

for

prep

arin

gfo

rth

eex

amin

atio

n)

THEEX

AMINATION

100

Inad

ditio

nto

the

abov

e,ca

ndid

ates

shou

ldal

sobe

prep

ared

toun

dert

ake

the

follo

win

g:

nTh

eus

eof

rele

vant

mod

els

for

the

sect

orin

whi

chth

eca

sest

udy

isba

sed

nTh

eus

eof

each

cand

idat

e’s

prac

tical

and

busi

ness

expe

rien

ceus

ing

any

illus

trat

ive

exam

ples

nTh

eus

eof

diag

ram

s

nA

thor

ough

mar

ketin

gan

dfin

anci

alan

alys

isof

each

case

stud

yw

ithin

the

give

nco

ntex

tof

the

case

stud

y

nA

naw

aren

ess

and

appl

icat

ion

ofst

rate

gic

mar

ketin

gid

eas

and

solu

tions

nR

evis

iting

rele

vant

sylla

bifr

omth

eD

iplo

ma

and

Adv

ance

dD

iplo

ma

with

inth

egi

ven

cont

ext

ofth

eca

sest

udy

STR

ATEGIC

MARKETINGIN

PRACTICE

101

Rea

d th

e ca

seth

orou

ghly

The

exam

inat

ionR

ecei

veca

sesk

im r

ead A

nsw

erin

g th

e qu

estio

nsse

tan

d in

corp

orat

ing

the

anal

yses

How

will

I us

e th

e an

alys

esin

the

exam

inat

ion?

Bui

ldin

g cl

ear

and

conc

ise

anal

yses

crea

ting

diag

ram

s/ta

bles

Wha

t ana

lytic

alte

chni

ques

do

Ine

ed to

util

ize?

Wha

t are

the

cont

empo

rary

issu

es?

Sta

ndar

dan

dne

w/n

ovel

Rea

d ar

ound

the

case

, inc

orpo

ratin

gco

ntem

pora

ry m

arke

ting

issu

es a

ndth

eory

Wha

t are

the

key

issu

es?–

Det

ail

Wee

k 2

Wee

k 1

Wee

k 4

Wee

k 3

THEEX

AMINATION

102

Con

clus

ion

–a

few

prac

tical

tips

from

the

seni

orex

amin

er

nR

emem

ber

toen

sure

that

your

hand

wri

ting

isre

adab

le,

and

the

pres

enta

tion

ofyo

urw

ork

isin

abu

sine

sslik

efo

rmat

with

head

ings

,su

b-he

adin

gsan

dpa

ragr

aphs

.U

seof

unde

rlin

ing

orhi

ghlig

hter

sca

nhe

lpm

ake

your

wor

km

ore

read

able

nA

nsw

erth

equ

estio

nse

t–

whi

chre

quir

esyo

uto

read

the

ques

tion

care

fully

seve

ral

times

and

brea

kth

emin

toits

cons

titue

ntpa

rts.

Con

side

rw

hat

isre

quir

edca

refu

lly;

mak

ea

roug

han

swer

plan

befo

reco

mm

ittin

gpe

nto

pape

r

nD

ono

tsu

bmit

grou

ppr

epar

edan

alys

is–

mar

ksw

illno

tbe

awar

ded.

Prep

are

your

self

for

ques

tions

whi

chm

aybe

aske

d,bu

tdo

not

limit

your

self

bytr

ying

togu

ess

too

exac

tly

nIn

clud

eth

eory

whe

rere

leva

nt,

but

ensu

reit

isap

plie

din

the

cont

ext

ofth

eca

se

nC

onsi

der

the

effe

ctof

rele

vant

cont

empo

rary

issu

es

nA

lway

sju

stify

your

reco

mm

enda

tions

.R

epet

ition

ofca

sest

udy

mat

eria

ldo

esno

tga

inm

arks

STR

ATEGIC

MARKETINGIN

PRACTICE

103

Furt

her

read

ing

nPr

evio

usca

sest

udie

san

dsp

ecim

enan

swer

sav

aila

ble

onw

ww

.cim

.co.

uk

nS

enio

rex

amin

ers’

repo

rtde

taili

ngth

epr

evio

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THEEX

AMINATION

104