Marketing strategy-topik 2-bussiness strategy

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[ ] Marketing Strategy Business Strategy Decisions and Their Marketing Implications Marketing Strategy Business Strategy Decisions and Their Marketing Implications Welcome to

Transcript of Marketing strategy-topik 2-bussiness strategy

Page 1: Marketing strategy-topik 2-bussiness strategy

[ ]Marketing StrategyBusiness Strategy Decisions and Their Marketing Implications

Marketing StrategyBusiness Strategy Decisions and Their Marketing Implications

Welcome to

Page 2: Marketing strategy-topik 2-bussiness strategy

Business-Unit Competitive Strategies

Com

petitive strategy

Differentiation

Cost leadership

Emphasis on new product-­market growthHeavy emphasis No emphasis

Prospector Analyzer Defender Reactor

Units primarily concerned with attaining growth

through aggressive

pursuit of new product-­market opportunities

Units with strong core bus.;;

actively seeking to expand into rel. prod-­mkts

with differentiatedofferings

Units with strong core bus.;;

actively seeking to expand into rel. prod-­mktswith low-­costofferings

Units primarily concerned with maintaining a differentiated position in

mature markets

Units primarily concerned with maintaining a low-­cost position in

mature markets

Units with no clearly defined product-­market development or competitive strategy

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How Business Strategies Differ in Scope, Objectives, Resource Deployments, and Synergy

Dimensions•Scope•Goals and obj. Adaptability (new product success) Effectiveness (inc.mrkt share) Efficiency (ROI)•Resource deployment•Synergy

Low-­cost defenderMature/stable/well-­defined domain;; mature tech.and cust. segments

Very little

Low

HighGenerate excess cash (cash cows)Need to seek operating synergies to achieve efficiencies

Differentiated defenderMature/stable/well-­defined domain;; mature tech.and cust. segment

Little

Low

HighGenerate excess cash (cash cows)Need to seek operating synergies to achieve efficiencies

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How Business Strategies Differ in Scope, Objectives, Resource Deployments, and Synergy

Dimensions•Scope•Goals and obj. Adaptability (new product success) Effectiveness (inc.mrkt share) Efficiency (ROI)•Resource deployment•Synergy

ProspectorBroad/dynamic domains;; tech. and cust. segments not well-­established

Extensive

HighLowNeed cash for product dev. (? or *)Danger in sharing operating fac. and programs -­ better to share tech./mktg skills

AnalyzerMixture of defender and prospector strategies

Mix. of defender & prospector strats.Mix. of defender & prospector strats.Mix. of def. & prosp. stratsNeed cash for prod. dev. but < prospectorsDanger in sharing operating fac. and programs -­ better to share tech./mktg. skills

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Combination of the two perspectives

Com

petitive strategy

Differentiation

Cost leadership

Emphasis on new product-­market growthHeavy emphasis No emphasis

Prospector Analyzer Defender Reactor

Units primarily concerned with attaining growth

through aggressive

pursuit of new product-­market opportunities

Units with strong core bus.;;

actively seeking to expand into rel. prod-­mkts

with differentiatedofferings

Units with strong core bus.;;

actively seeking to expand into rel. prod-­mkts with low-­costofferings

Units primarily concerned with maintaining a differentiated position in

mature markets

Units primarily concerned with maintaining a low-­cost position in

mature markets

Units with no clearly defined product-­market development or competitive strategy

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The Role of Internet towards Firms’

Competition

The Internet makes it easier for buyers and sellers to compare prices, reduces the number of middlemen necessary between manufacturers and end users, cuts transaction costs, improves the functioning of the price mechanism, and thereby increases competition.

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The Role of Internet towards Firms’

Competition

One possible outcome is that it will be harder for firms to differentiate themselves on any basis other than low price.

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The Role of Internet towards Firms’

Competition

All business-level competitive strategies focused on differentiation will become less viable.

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The Role of Internet towards Firms’

Competition

Unique new products and services will continue to emerge and provide a way for the innovator to gain a competitive advantage.

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The Role of Internet towards Firms’

Competition

Firms with the resources and competencies necessary to produce a continuing stream of new product or service offerings that appeal to one or more customer segments-that is, to effectively implement a prospector strategy-should be successful regardless of whether they are lowest-cost producers in the industries.

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The Role of Internet towards Firms’

Competition

If a firm offers unique benefits that a segment of customers perceive as meaningful, it should still be able to differentiate its offering and command a premium price.

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The Role of Internet towards Firms’

Competition

The Internet will make it easier for firms to customize their offerings and personalize their relationships with their customers. Such personalization should differentiate the firm from its competitors in the customer’s eyes and improve customer loyalty and retention.