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MosesGomes,DigitalMarketingExpertMosesGomes,DigitalMarketingExpert
Strategic Marketing Planning
MosesGomes,DigitalMarketingExpert
Moses Gomes, Digital Marketing Expert
MosesGomes,DigitalMarketingExpert
What is Strategic Planning?
It is the managerial process that helps to
develop a strategic and viable fit between the
firm’s objectives, skills, resources with the
market opportunities available. It helps the firm
deliver its targeted profits and growth through
its businesses and products.
MosesGomes,DigitalMarketingExpert
How to go about it?
Defining the corporate mission
Establishing SBUs
Allocating resources for SBUs
Planning for new business
MosesGomes,DigitalMarketingExpert
Corporate Mission
• This seeks to embody the entire goals of the
organization and the objective of its existence.
• It seeks to provide a sense of purpose,
direction and opportunity
MosesGomes,DigitalMarketingExpert
Questions
that firm
must ask
What is our
business?
Who is our
customer?
What does
our customer
need?
What will our
business be?
What should
our business
be?
MosesGomes,DigitalMarketingExpert
Good mission statements have 3
characteristics
• They focus on a limited
number of goals
• It stresses the major
values and policies the
firm desires
• It defines the major
competitive scope of
operation
MosesGomes,DigitalMarketingExpert
Small Business Unit
• It is a company within a
company
• The business is
differentiated from the
rest of the company
• It has its own set of
competitors
• It is a separate profit
centre
MosesGomes,DigitalMarketingExpert
The BCG Matrix
??? Stars
Dogs Cash Cows
Mkt Share
MosesGomes,DigitalMarketingExpert
SBU strategies
Build
Hold
Harvest
Divest
MosesGomes,DigitalMarketingExpert
SWOT Analysis
MosesGomes,DigitalMarketingExpert
The GE Model
Business Strength
Strong
Medium
Weak
StrongMediumWeak
MosesGomes,DigitalMarketingExpert
Ansoff’s Product-Market Grid
Current products New products
Current Mkts
New Mkts
Mkt penetration
strategy
Mkt development
strategy
Product development
strategy
Diversification
strategy
MosesGomes,DigitalMarketingExpert
The Planning Process
• Analysing Market opportunities
• Developing Marketing strategies
• Planning Marketing Programs
• Managing the Marketing Effort
MosesGomes,DigitalMarketingExpert
I Tweet @ https://twitter.com/inspectordhola
I Blog @ http://mosesgomes.com/
My ppt @ http://www.slideshare.net/gomesrelations
My profile @ https://in.linkedin.com/in/mosesgomes
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