Analysis for Marketing Planning Market Sensing: Industry Analysis Competitor Analysis.
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Transcript of Analysis for Marketing Planning Market Sensing: Industry Analysis Competitor Analysis.
Analysis for Marketing Planning
Market Sensing:Market Sensing:Industry AnalysisIndustry Analysis
Competitor AnalysisCompetitor Analysis
What is Market Sensing?
Industry Analysis
Why is industry analysis an essential Why is industry analysis an essential component of marketing planning?component of marketing planning?
Market Attractiveness
Is the industry sufficiently attractive to Is the industry sufficiently attractive to warrant investment in it?warrant investment in it?
What are the Bases for Industry Analysis?
Attractiveness to Entrants
High Low
Market Factors
SizeGrowthStage in life cycleCyclicitySeasonalityMarket spendingProfitsFinancial ratios
Competitive Factors
ConcentrationPower of BuyersPower of SuppliersRivalryPressure from substitutesCapacity utilizationThreat of entry
LargeHighEarlyLowLowLowHighHigh
LowLowLowLowLowHighLow
SmallSlowLateHighHighHighLowLow
HighHighHighHighHighLowHigh
Market Attractiveness_Business Position Matrix
MARKET ATTRACTIVENESS
High Medium Low
High 1 1 2
BUSINESSPOSITION Medium 1 2 3
Low 2 3 3
1. Invest/grow2. Selective investment3. Harvest/divest
Evaluating Business Position Evaluating Market Attractiveness• Size • Size• Growth • Growth• Share by segment • Customer satisfaction levels• Customer loyalty • Competition• Margins • Price levels• Distribution • Profitability• Technology skills • Technology• Patents • Governmental regulations• Marketing • Sensitivity to economic trends• Flexibility• Organization
Competitor Analysis
Assess current objectivesAssess current objectives Assess current strategiesAssess current strategies Assess capabilitiesAssess capabilities Assess commitmentAssess commitment
Ben & Jerry’s
“While we and others certainly would have pursued our mission as an independent enterprise, we hope that, as part of Unilever, Ben & Jerry’s will continue to expand its role in society,” co-founders Cohen and Jerry Greenfield said in a statement following the announcement that Unilever had bought Ben & Jerry's for $326 million.
Richard Goldstein, president of Unilever Foods North America, said he hopes the company will continue on its social mission. In fact, Ben & Jerry’s Cohen and Greenfield will serve as “caring capitalism” ambassadors, traveling to Unilever outposts worldwide and preaching the gospel of a “three-part mission” — social concerns, product quality and profits, said Ben & Jerry’s CEO Perry Odak. “Much of the success of the Ben & Jerry’s brand is based on its connections to basic human values, and it is our hope and expectation that Ben & Jerry’scontinues to engage in these critical, global economic and social missions,” Unilever’s Goldstein said.
How does Ben & Jerry’s mission fit with corporate objectives?
Tools for Competitor Analysis
Competitive gridCompetitive gridCompares your firm and major Compares your firm and major
competitors on assets and skills most competitors on assets and skills most relevant to competitive strength.relevant to competitive strength.
Competitive Grid of American and Japanese Luxury Cars in U.S. Market
American JapaneseCadillac Lincoln Lexus Acura Infiniti
Assets & SkillsKey for Success
New product capacityProduct qualityCost structureProduct differentiationDealer satisfactionMarket share
Secondary ImportanceFlexible productionFinancial capabilityQuality of managementBrand name recognitionQuality of service
Key: Strong Average WeakAbove Ave. Less than Ave.
Competitive product analysisCompetitive product analysisCompares tactical strategies of Compares tactical strategies of
competitive brandscompetitive brands
Competitor ACompetitor A
Brand 1…KBrand 1…Kaa
Competitor BCompetitor B
Brand 1…KBrand 1…Kaa
Your FirmYour Firm
Brand 1…KBrand 1…Kaa
Product:Product:
QualityQuality
Value ChainValue Chain
BenefitsBenefits
Target segment:Target segment:
WhoWho
WhereWhere
WhenWhen
WhyWhy
Place:Place:
Distribution methodDistribution method
Distribution coverageDistribution coverage
Promotion:Promotion:
Total effort ($)Total effort ($)
MethodsMethods
Advertising:Advertising:
Strategy/copyStrategy/copy
MediaMedia
TimingTiming
Total effort ($)Total effort ($)
Price:Price:
RetailRetail
To tradeTo trade
Technological strategyTechnological strategy
Competitive capability assessmentCompetitive capability assessment
Competing FirmCompeting Firm
A B C DA B C D
Your FirmYour Firm
Ability to conceive & designAbility to conceive & design
Technical & human resourcesTechnical & human resources
FundingFunding
Ability to produceAbility to produce
Physical & human resourcesPhysical & human resources
Ability to financeAbility to finance
Debt/liquidityDebt/liquidity
Cash flowCash flow
Budget systemBudget system
Ability to marketAbility to market
Sales forceSales force
DistributionDistribution
Service & sales policiesService & sales policies
AdvertisingAdvertising
Human resourcesHuman resources
FundingFunding
Ability to manageAbility to manage
Key peopleKey people
Decision processDecision process
PlanningPlanning
StaffingStaffing
Organization structureOrganization structure
Expected competitive behavior/response Expected competitive behavior/response analysisanalysis
Product Form CompetitorsProduct Form Competitors
A B C D EA B C D E
Product CategoryProduct Category
CompetitorsCompetitors
A B C D EA B C D E
ObjectiveObjective
StrategyStrategy
Mix elements:Mix elements:
ProductProduct
PricePrice
AdvertisingAdvertising
PromotionPromotion
DistributionDistribution
Environmental change:Environmental change:
Overall demandOverall demand
RegulatoryRegulatory
Competitive strategy change:Competitive strategy change:
1. (e.g., new product)1. (e.g., new product)
2. (e.g., price cut)2. (e.g., price cut)