Professional Documents
Culture Documents
Where absolute superiority is not attainable you must produce a relative one at the decisive point by making skilful use of what you have
Unplanned Budget System Long-Range Planning Strategic Planning Strategic Marketing Management
Planning Levels
Organisational Policy
to determine Business Strategy
Marketing Management
to determine Strategic Marketing plans
Operational Marketing
to develop the Marketing Mix
Tactical planning
Medium Plan strategy Medium More detailed Considers strategic detail
Operational Planning
Short Plan daily operations Least Least detailed Very specific
Tactical planning
More structured
Operational Planning
Highly Structured Often easy
Depends on the plan being operational Apparent only Apparent in the in the long term medium term
Apparent immediately
R&D
Manufacturing
Finance
MARKETING STRATEGY IS:the analysis, strategy development, and implementation activities in selecting market target strategies for the product-markets in each business unit, setting marketing objectives, and developing, implementing and managing the marketing program positioning strategies designed to meet the needs of the customers in each market target.
DYNAMIC BUSINESS ARENA GETTING CLOSER TO THE CUSTOMER PRODUCT / SERVICE INNOVATION STRATEGIES FOR COMPETITIVE ADVANTAGE COMPETING IN GLOBAL MARKETS
WE CAN GET CLOSER TO THE CUSTOMER BY:Making Customer Satisfaction a priority Improving Customer Communications Providing Back-up Service Support and Field Links Improving our Understanding of the Customer
Factors Impacting Customer Satisfaction Finding a Competitive Advantage Customer Driven Business Strategies Strategic Targeting
PRODUCT/SERVICE INNOVATION
Requires Consideration of: The Importance of Innovation Analysis of Customer Needs The Characteristics of Innovative Companies Business Strategy as well as Product Quality Customer Perception of Innovation
To Develop Strategies for Competitive Advantage requires:Business focus Organisational Design and Effectiveness Inter - Organisational Relationships
Success in a Changing Environment Requires:Market Awareness Organisational Flexibility Strategic Vision External Relationships
1 Where are we now? 2 Where do we want to be? 3 How might we get there?
EVALUATION
3
4
5
6
Undertake a marketing situation analysis Define the business mission and set objectives Consider alternative strategies and select Develop the marketing programme implement the marketing strategy through a marketing action plan. Evaluate and control the strategy