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© Kotler, Keller, Marketing Management 2-1
Developing
Marketing Strategies
and Plans
Chapter
2
© Kotler, Keller, Marketing Management 2-2
Marketing and Customer Value
3 key questions:
1. Value exploration – new opportunities?
2. Value creation –new offerings?
3. Value delivery – deliver more efficiently?
© Kotler, Keller, Marketing Management 2-3
INTERNAL ENVIRONMENT (STRENGTHS/WEAKNESSES) ANALYSIS
© Kotler, Keller, Marketing Management 2-4
Define the Corporate Mission
 What is our business?
 Who is the customer?
 What is of value to the customer?
 What will our business be?
 What should our business be?
Mission statements are the vision
direction for company for next 10 to
20 years
© Kotler, Keller, Marketing Management 2-5
Table 2.1 Sample Mission Statement
© Kotler, Keller, Marketing Management 2-6
Assess growth opportunities
the strategic planning gap
© Kotler, Keller, Marketing Management 2-7
INTENSIVE GROWTH
1st course of action - to review
opportunities for improving
existing businesses
© Kotler, Keller, Marketing Management 2-8
INTENSIVE GROWTH
 The company first considers…
– more market share with current products &
markets (market-penetration strategy)?
– find new markets for current products
(market-development strategy)?
– develop new products to current markets
(product-development strategy)?
– develop new products for new markets
(diversification strategy)?
© Kotler, Keller, Marketing Management 2-9
diversification strategy
Frappuccino® bottled drinks, Starbucks brand ice cream & purchase
of tea retailer Tazo® Tea into grocery store aisles
market-development strategy
same as above throughout North America & worldwide
market-penetration strategy
cafés serving gourmet coffee directly to customers in Seattle
product development strategy
Increase customers’ purchases with new in-store merchandise (CDs)
1
3
1
1
4
2
© Kotler, Keller, Marketing Management 2-10
INTEGRATIVE GROWTH
INTEGRATIVE GROWTH: backward, forward
or horizontal integration within its industry
 acquire suppliers -backward integration
 acquire retailer-forward integration
 acquire competitors-horizontal integration
 If unsuccessful, diversification
© Kotler, Keller, Marketing Management 2-11
DIVERSIFICATION GROWTH
 When good opportunities are
found outside present
businesses
 Good opportunity is when
industry is attractive &
company has strengths to be
successful
© Kotler, Keller, Marketing Management 2-12
Business Unit Strategic
Planning
Overall cost
leadership
achieve lowest
costs to price lower
than competitors &
win large market
share
Focus
focuses on
narrow market
segments
Differentiation
superior
performance in
area valued by
large part of
market
PORTER’S GENERIC STRATEGIES
© Kotler, Keller, Marketing Management 2-13
Marketplace will change –
review & revise implementation,
programs, strategies or
objectives
Business Unit Strategic
Planning – feedback and control
HAIER is a good example:
Started with inferior-quality products
Later, sales went up
China’s leading maker of washing machines
Faces competition in Chinese market
Partner with Sanyo in production alliances
Makes digital TVs with LG Electronics
Diversify into finance, computers, cell phones
© Kotler, Keller, Marketing Management 2-14
1. Is the plan simple?
2. Is the plan specific?
3. Is the plan realistic?
4. Is the plan complete?
Business Unit Strategic
Planning - Contents of a Marketing Plan
marketing plan
A summarized
written
document about
marketplace &
plans to reach
marketing
objectives
© Kotler, Keller, Marketing Management 2-15
Market Opportunity
Analysis (MOA)
To evaluate opportunities
To determine attractiveness &
probability of success
Market Opportunity Analysis (MOA)
1. Can benefits
convince
target markets?
4. Are benefits
better than
competitors?
5. Is it profitable?
2. Can target markets be
reached with cost-effective
media & trade channels?
3. Possess
resources to
deliver benefits?

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Cd6813 marketing strategies & plan

  • 1. © Kotler, Keller, Marketing Management 2-1 Developing Marketing Strategies and Plans Chapter 2
  • 2. © Kotler, Keller, Marketing Management 2-2 Marketing and Customer Value 3 key questions: 1. Value exploration – new opportunities? 2. Value creation –new offerings? 3. Value delivery – deliver more efficiently?
  • 3. © Kotler, Keller, Marketing Management 2-3 INTERNAL ENVIRONMENT (STRENGTHS/WEAKNESSES) ANALYSIS
  • 4. © Kotler, Keller, Marketing Management 2-4 Define the Corporate Mission  What is our business?  Who is the customer?  What is of value to the customer?  What will our business be?  What should our business be? Mission statements are the vision direction for company for next 10 to 20 years
  • 5. © Kotler, Keller, Marketing Management 2-5 Table 2.1 Sample Mission Statement
  • 6. © Kotler, Keller, Marketing Management 2-6 Assess growth opportunities the strategic planning gap
  • 7. © Kotler, Keller, Marketing Management 2-7 INTENSIVE GROWTH 1st course of action - to review opportunities for improving existing businesses
  • 8. © Kotler, Keller, Marketing Management 2-8 INTENSIVE GROWTH  The company first considers… – more market share with current products & markets (market-penetration strategy)? – find new markets for current products (market-development strategy)? – develop new products to current markets (product-development strategy)? – develop new products for new markets (diversification strategy)?
  • 9. © Kotler, Keller, Marketing Management 2-9 diversification strategy Frappuccino® bottled drinks, Starbucks brand ice cream & purchase of tea retailer Tazo® Tea into grocery store aisles market-development strategy same as above throughout North America & worldwide market-penetration strategy cafés serving gourmet coffee directly to customers in Seattle product development strategy Increase customers’ purchases with new in-store merchandise (CDs) 1 3 1 1 4 2
  • 10. © Kotler, Keller, Marketing Management 2-10 INTEGRATIVE GROWTH INTEGRATIVE GROWTH: backward, forward or horizontal integration within its industry  acquire suppliers -backward integration  acquire retailer-forward integration  acquire competitors-horizontal integration  If unsuccessful, diversification
  • 11. © Kotler, Keller, Marketing Management 2-11 DIVERSIFICATION GROWTH  When good opportunities are found outside present businesses  Good opportunity is when industry is attractive & company has strengths to be successful
  • 12. © Kotler, Keller, Marketing Management 2-12 Business Unit Strategic Planning Overall cost leadership achieve lowest costs to price lower than competitors & win large market share Focus focuses on narrow market segments Differentiation superior performance in area valued by large part of market PORTER’S GENERIC STRATEGIES
  • 13. © Kotler, Keller, Marketing Management 2-13 Marketplace will change – review & revise implementation, programs, strategies or objectives Business Unit Strategic Planning – feedback and control HAIER is a good example: Started with inferior-quality products Later, sales went up China’s leading maker of washing machines Faces competition in Chinese market Partner with Sanyo in production alliances Makes digital TVs with LG Electronics Diversify into finance, computers, cell phones
  • 14. © Kotler, Keller, Marketing Management 2-14 1. Is the plan simple? 2. Is the plan specific? 3. Is the plan realistic? 4. Is the plan complete? Business Unit Strategic Planning - Contents of a Marketing Plan marketing plan A summarized written document about marketplace & plans to reach marketing objectives
  • 15. © Kotler, Keller, Marketing Management 2-15 Market Opportunity Analysis (MOA) To evaluate opportunities To determine attractiveness & probability of success Market Opportunity Analysis (MOA) 1. Can benefits convince target markets? 4. Are benefits better than competitors? 5. Is it profitable? 2. Can target markets be reached with cost-effective media & trade channels? 3. Possess resources to deliver benefits?

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