developing marketing strategies and plans chapter 2.pdf · chapter questions • how does marketing...
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Developing Marketing Strategies and Plans
2
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Chapter Questions
• How does marketing affect customer value?
• How is strategic planning carried out at different levels of the organization?
• What does a marketing plan include?
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Three V’s Approach to Marketing
Define the value segment
Define the value proposition
Define the value network
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Core Business Processes
• Market-sensing process• New-offering realization process• Customer acquisition process• Customer relationship management
process• Fulfillment management process
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Core Business Processes
• Product Development Management• Supply Chain Management• Customer Relationship Management
(Srivastava, Shervani, and Fahey 1999 Journal of Marketing)
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A Holistic Marketing Framework
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Levels of a Marketing Plan
• Strategic• Target marketing
decisions• Value proposition• Analysis of
marketing opportunities
• Tactical• Product features• Promotion• Merchandising• Pricing• Sales channels• Service
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Figure 2.1 The Strategic Planning, Implementation,
and Control Processes
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Corporate Headquarters’ Planning Activities
• Define the corporate mission• Establish strategic business units
(SBUs)• Assign resources to each SBU• Assess growth opportunities
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Good Mission Statements
• Focus on a limited number of goals• Stress major policies and values• Define major competitive spheres• Take a long-term view• Short, memorable, meaningful
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Rubbermaid Commercial Products, Inc.
“Our vision is to be the Global Market ShareLeader in each of the markets we serve. Wewill earn this leadership position byproviding to our distributor and end-usercustomers innovative, high-quality, cost-effective and environmentally responsibleproducts. We will add value to these productsby providing legendary customer servicethrough our Uncompromising Commitmentto Customer Satisfaction.”
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Motorola
“The purpose of Motorola is to honorablyserve the needs of the community by providingproducts and services of superior quality at afair price to our customers; to do this so as toearn an adequate profit which is required forthe total enterprise to grow; and by doing so,provide the opportunity for our employees andshareholders to achieve their personalobjectives.”
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eBay
“We help people trade anything on earth.We will continue to enhance the onlinetrading experiences of all—collectors,dealers, small businesses, unique itemseekers, bargain hunters, opportunitysellers, and browsers.”
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Table 2.3 Product Orientation vs. Market Orientation
Company Product Market
Union-Pacific Railroad
We run a railroad We are a people-and-goods mover
Xerox We make copying equipment
We improve office productivity
Standard Oil We sell gasoline We supply energy
Columbia Pictures We make movies We entertain people
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Figure 2.2 The Strategic Planning Gap
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Ansoff’s Product-Market Expansion Grid
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Figure 2.4 Opportunity Matrix
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Figure 2.4 Threat Matrix
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Porter’s Generic Strategies
Overall Cost Leadership
Differentiation
Focus
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Categories of Marketing Alliances
Product or Service Alliances
Promotional Alliances
Logistics Alliances
Pricing Collaborations
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Marketing Plan Contents
Executive summary Table of contents Situation analysis Marketing strategy Financial projections Implementation controls