Marketing strategy ppt @ mba
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Transcript of Marketing strategy ppt @ mba
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Marketing Strategy
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Marketing Framework
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Marketing Strategy
Marketing strategy is the link between corporate goals and operational tactics
There are two primary considerations in
marketing strategy— Where are we? Where do we want to go?
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Portfolio Assessment Tool
Boston Consulting Group matrix Brands or products are classified according to
whether each has a strong or weak market share and slow or growing market Dog: low share, low growth Star: high share, high growth Cash cow: high share, low growth Question mark: low share, high growth
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BCG Matrix
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BCG Portfolio Analysis
Stars: optimize or hold Dogs: minimize or divest Cash cows: milk Question marks: unknown
New technologies, uncertain markets, etc.
If stars and cash cows are sufficiently profitable, companies can carry dogs and question marks
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Discussion Questions
Using the BCG Matrix Where would you likely categorize the market
leader in the typewriter market?
10 years ago, where would you have likely categorized a small player in the cell phone business?
Where would you categorize the market leader in cell phones today?
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Corporate Identity
What is the company’s typical philosophy toward the marketplace Offensive Defensive Leader Follower
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Corporate Identity
Leader has several meanings… Largest market share 1st to market
First to market may or may not be beneficial because adoption can be slow
Quick to innovate and improve, etc. Quick followers can learn from leader’s mistakes
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Corporate Identity
A company may be a leader for some of its brands/products and not others
A company may be offensive and defensive to vary its portfolio
A company’s products’ life cycles may influence its identity
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Marketing Metrics
Profitability Sales Share Average prices Levels of awareness Penetration in trial Customer satisfaction Employee satisfaction, etc.
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How to Increase Profitability
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Dashboard
Indicator of a company’s success
Some measures will confirm advantages over competitors
Others can serve as a diagnostic in identifying problems
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Discussion Question
What story does the dashboard tell?
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Example: Metrics
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Goals
Let’s make more money Let’s delight our customers Let’s redefine our position Goals about broader concerns
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Let’s Make More Money
State sales objectives in terms of Currency Market share Units Change from last year or quarter Region Investments made toward current sales
ROI, ROE, ROM (marketing), ROQ (quality) Growth
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Let’s Delight Our Customers
Enhance customer satisfaction Increase loyalty Reward influential customers Spread word of mouth Offer personalization Increase customer lifetime values
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Let’s Redefine Our Position
Product Build new product sales Build product category Build brand equity
Awareness Positive brand associations Brand preference Trial Repeat Brand loyalty Brand love
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Let’s Redefine Our Position
Promotion Spend ad dollars more wisely Determine most appropriate media Determine most appropriate frequency Determine most appropriate message, etc.
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Let’s Redefine Our Position
Channels (Place) Determine appropriate channels Determine multichannels Determine lower cost channel interactions Determine whether to outsource functions to
channel partners, etc.
Price Determine high price or low price
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Goals about Broader Concerns
Goals that go beyond marketing Human resource, finance, production, etc. Societal concerns
Charitable or community contributions Boosting stability of local employment Demonstrating leadership in environmentally friendly
business practices, etc.
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Goals
Goals can be complex, numerous, interconnected and overwhelming
Focus on most important goals first
Consider the time frame and the financial support need to achieve the goals
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Basic Strategies
Do nothing Let the brand sink or swim on its own
Do nothing differently Maintain business as usual
Take action Do something different Marketers have control over STP and 4Ps