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TOP 10 Learning Concepts

Ch 2: Developing Marketing Strategies and Plans




                Sue Ann P. Silubrico
                  March 31, 2011
                          Reference : Philip Kotler’s Marketing Management 13th Edition


               http://suesilubrico.blogspot.com/
Ch 2: Developing Marketing
                 Strategies and Plans




Developing                                        Marketing




Strategies                                               Plans
                          Reference : Philip Kotler’s Marketing Management 13th Edition

             http://suesilubrico.blogspot.com/                                   2
Outline:

             TOP 10 Learning Concepts

     Ch 2: Developing Marketing Strategies
                   and Plans

        1. What dimension defines business?
       2. What are Porter’s Generic Strategies?

3.    What are the three V’s Approach to Marketing?
     4. What are the Major Competitive Spheres?

       5. What are the levels of Marketing Plan?
                       Reference : Philip Kotler’s Marketing Management 13th Edition
                                                                                       3
                 http://suesilubrico.blogspot.com/
Outline:

        TOP 10 Learning Concepts

  Ch 2: Developing Marketing Strategies
                and Plans

            6. What are Marketing Alliances?
        7. What is Holistic Marketing Framework?
         8. Why Strategic Planning is important?
9. What are the Business unit Strategic Planning process?
            10. What are the Marketing plans?

                      Reference : Philip Kotler’s Marketing Management 13th Edition
                                                                                      4
                http://suesilubrico.blogspot.com/
Concept 1: What Dimensions Define a
Business?




                 Customer Groups




      Customer
       Needs                       Technology




                           Reference : Philip Kotler’s Marketing Management 13th Edition


        http://suesilubrico.blogspot.com/                                            5
Concept Example




           Who are the Customer group?


                                            We are the group, retailer
                  Customers                 Seeks to attract and satisfy




                                       Reference : Philip Kotler’s Marketing Management 13th Edition


                       http://suesilubrico.blogspot.com/                                        6
Concept Example




            What are the Customer needs?




                                 Reference : Philip Kotler’s Marketing Management 13th Edition


                  http://suesilubrico.blogspot.com/                                         7
Concept Example




          Service:




     Car broke down               Towed
                                                                           Fixing




                                      Fixed
                                      Reference : Philip Kotler’s Marketing Management 13th Edition


                       http://suesilubrico.blogspot.com/                                        8
Concept Example




          Goods:




    Coffee bean   Grind coffee bean     filtered                            Pour




                            Coffee
                                      Reference : Philip Kotler’s Marketing Management 13th Edition


                   http://suesilubrico.blogspot.com/                                         9
Concept Example




          Technology:

                  Makes your life easier…




                                       Reference : Philip Kotler’s Marketing Management 13th Edition


                        http://suesilubrico.blogspot.com/                                        10
Concept 2: Porter’s Generic Strategies


Overall cost Leadership


    Differentiation


        Focus



                       Reference : Philip Kotler’s Marketing Management 13th Edition

         http://suesilubrico.blogspot.com/                                        11
Concept Example




          What is Overall Cost Leadership?

                 Company seeks to gain greater market share
                 To increase their sales
                 To have lower prices than the competition




                                       Reference : Philip Kotler’s Marketing Management 13th Edition

                          http://suesilubrico.blogspot.com/                                            12
Concept Example




        What is Differentiation?

             Product or service that offers unique attributes.
              Valued by customers
              Competitive advantage based on products or service.




                                              Reference : Philip Kotler’s Marketing Management 13th Edition


                          http://suesilubrico.blogspot.com/                                           13
Concept Example




         What is Focus?

             Concentrates on meeting specialized needs of its
              customers
             Focus on specific customers or markets




                                     Reference : Philip Kotler’s Marketing Management 13th Edition


                     http://suesilubrico.blogspot.com/                                      14
Concept Example




            Focus:

      Dell Computer’s
       strategy is highly
     focused around the
       efficient sale and
         manufacture of
         computers and
    computer peripheral
                  devices


                                   Reference : Philip Kotler’s Marketing Management 13th Edition


                    http://suesilubrico.blogspot.com/                                      15
Concept 3: What are the 3 V’s
Approach to Marketing

                Define the value
                     Segment

                       Define the value
                           Proposition

                                  Define the value
                                      Network


                     Reference : Philip Kotler’s Marketing Management 13th Edition


     http://suesilubrico.blogspot.com/                                      16
Concept Example




          Value Segment:

                 Customer value brand or service by:

                     Quality

                     Advertisements

                     Location


                                           Reference : Philip Kotler’s Marketing Management 13th Edition


                          http://suesilubrico.blogspot.com/                                      17
Concept Example




          Value Proposition

                 Target customers benefit from patronizing
                  company's product:




                                         Reference : Philip Kotler’s Marketing Management 13th Edition


                        http://suesilubrico.blogspot.com/                                      18
Concept Example


           Why do customers buy from
           Starbucks?

     Starbucks Value Propositions:
          To Create Experience around consumption
                 of coffee

          To Create Customer Intimacy

          To create an Ambience, the need for people to get
           together.

                                      Reference : Philip Kotler’s Marketing Management 13th Edition


                     http://suesilubrico.blogspot.com/                                      19
Concept Example




          Define the Value of Network

                 Network of people and companies that
                  contribute to the increase in a product's value




                                         Reference : Philip Kotler’s Marketing Management 13th Edition


                        http://suesilubrico.blogspot.com/                                      20
Concept Example


          How does Starbucks do their
          Value Network?

                 Advertising




                 Word of Mouth


                                         Reference : Philip Kotler’s Marketing Management 13th Edition


                        http://suesilubrico.blogspot.com/                                      21
Concept Example


            How does Starbucks do their
            Value Network?

                 Excellent Service




                 Quality Products



                                         Reference : Philip Kotler’s Marketing Management 13th Edition


                        http://suesilubrico.blogspot.com/                                      22
Concept 4: What are the Major
Competitive Sphere?

                   Industry

   Geographical                           Products


      Vertical                          Competence
     Channels
                     Market
                    Segment

                       Reference : Philip Kotler’s Marketing Management 13th Edition


      http://suesilubrico.blogspot.com/                                      23
Concept Example



        Concept 4: Starbucks is an
        international coffee and coffee chain




                  Industry



                                      Reference : Philip Kotler’s Marketing Management 13th Edition


                     http://suesilubrico.blogspot.com/                                      24
Concept Example



          Concept 4: Starbucks serves people
          worldwide with high quality products.




              Products



                                   Reference : Philip Kotler’s Marketing Management 13th Edition


                  http://suesilubrico.blogspot.com/                                      25
Concept Example



          Concept 4: What are the strong
          competitve advantage of Starbucks?

                           Product Variety




                                High-Quality Products
         Competence

                                       Customer Service




                                    Reference : Philip Kotler’s Marketing Management 13th Edition


                  http://suesilubrico.blogspot.com/                                       26
Concept Example



          Concept 4: Who are the target market
          of Starbucks?




                                       Family
               Market                                                    Friends


              Segment

                                       Students                          Employees

                                   Reference : Philip Kotler’s Marketing Management 13th Edition


                  http://suesilubrico.blogspot.com/                                      27
Concept Example


          Concept 4: Starbucks vertical
          channels


                             Coffee Farm             Distributed




        Vertical
       Channels              Processed               Finished product




                              Exported                    Delivered
                                     Reference : Philip Kotler’s Marketing Management 13th Edition


                  http://suesilubrico.blogspot.com/                                        28
Concept Example


          Concept 4:Currently Starbucks is
          present in more than 55 countries




 Geographical



                                   Reference : Philip Kotler’s Marketing Management 13th Edition


                  http://suesilubrico.blogspot.com/                                      29
Concept 5:What are the levels
of Marketing Plan?

   Strategic                                Tactical

  Identify target                     Lays Marketing
   Markets and                             Plans
 Value proposition




                         Reference : Philip Kotler’s Marketing Management 13th Edition


        http://suesilubrico.blogspot.com/                                      30
Concept Example


            Concept 5: Marketing Plan is an instrument
            for directing and coordinating marketing
            effort


                 Strategic:
                      Nike’s Target Markets are:




                  Athletes          Fitness Enthusiasts

                                              Reference : Philip Kotler’s Marketing Management 13th Edition


                             http://suesilubrico.blogspot.com/                                      31
Concept Example


            Concept 5: Marketing Plan is an instrument
            for directing and coordinating marketing
            effort


                 Tactical:



                                                                                 Merchandising




                                      Promotion
           Product features
                                                                                   Pricing


                                                  Reference : Philip Kotler’s Marketing Management 13th Edition


                              http://suesilubrico.blogspot.com/                                         32
Concept 6:What are Marketing
Alliances?

       Product or Services Alliances

           Promotional Alliances

             Logistics Alliances

           Pricing Collaborations


                      Reference : Philip Kotler’s Marketing Management 13th Edition


     http://suesilubrico.blogspot.com/                                      33
Concept Example



            Products and Services
            Alliances
                 Starbucks is extending its brand.
                 Starbucks partnered with PepsiCo Inc.
                 To produce a bottled version of Starbucks Frappuccino.
                 Another partnership with Dryers
                 To produce Starbucks branded ice cream products.




                                                Reference : Philip Kotler’s Marketing Management 13th Edition


                            http://suesilubrico.blogspot.com/                                         34
Concept Example


          Promotional Alliances: Company agrees to
          carry promotion for another company’s
          product or service.


         Mc Donald's teamed up with Disney for 10 years
          to offer products related to Disney films as part
          of its happy meals.




                  Bee Movie                             Ice Age Movie


                                       Reference : Philip Kotler’s Marketing Management 13th Edition


                      http://suesilubrico.blogspot.com/                                      35
Concept Example


            Logistic Alliances: One company offers
            logistical services for another
            company’s products.

                   Abbotts laboratories warehouses and delivers
                    3M’s Medical and surgical products.




                                            Medical
                  warehouse                 supplies                             Deliveries

                                               Reference : Philip Kotler’s Marketing Management 13th Edition


                              http://suesilubrico.blogspot.com/                                      36
Concept Example


            Pricing Collaborations: One or more
            companies join in special pricing
            collaborations.

      Hotels and
       rental car
      companies
      often offer
          mutual
       discounts




                                     Reference : Philip Kotler’s Marketing Management 13th Edition


                    http://suesilubrico.blogspot.com/                                      37
Concept 7: What are the
Holistic Marketing Framework




                      Reference : Philip Kotler’s Marketing Management 13th Edition


     http://suesilubrico.blogspot.com/                                      38
Concept Example



            Concept 7: Holistic Marketing Framework a
            key of creating long term relationships among
            stakeholders




           Value Exploration                                                     Value Delivery




                                          Value Creation



                                                 Reference : Philip Kotler’s Marketing Management 13th Edition


                               http://suesilubrico.blogspot.com/                                       39
Concept 8: Why Strategic
Planning is important?




                      Reference : Philip Kotler’s Marketing Management 13th Edition


     http://suesilubrico.blogspot.com/                                      40
Concept Example



            Concept 8: Why Strategic
            Planning is important?

                 It helps to response effectively with customer
                  needs by:




          Planning
                                 Implementing
                                                                            Controlling

                                         Reference : Philip Kotler’s Marketing Management 13th Edition


                        http://suesilubrico.blogspot.com/                                      41
Concept 9:What are Business
Unit Strategic Planning Process




                        Reference : Philip Kotler’s Marketing Management 13th Edition


       http://suesilubrico.blogspot.com/                                      42
Concept Example




            Business Mission:


         Needs to
         define its
          specific
          mission
        within the
         company



                                       Reference : Philip Kotler’s Marketing Management 13th Edition


                      http://suesilubrico.blogspot.com/                                      43
Concept Example




            SWOT Analysis:

      Overall evaluation of company's




                                   Reference : Philip Kotler’s Marketing Management 13th Edition


                  http://suesilubrico.blogspot.com/                                      43
Concept Example




             Goal Formulation:


            Develop
             specific goal
             for the
             planning
             period



                                       Reference : Philip Kotler’s Marketing Management 13th Edition


                      http://suesilubrico.blogspot.com/                                      45
Concept Example




             Strategic Formulation:


            Business
             must design
             strategy for
             achieving its
             goals.



                                       Reference : Philip Kotler’s Marketing Management 13th Edition


                      http://suesilubrico.blogspot.com/                                      46
Concept Example




             Program Formulation:


            Must Plan
             program to
             strengthen
             Research &
             Development



                                     Reference : Philip Kotler’s Marketing Management 13th Edition


                    http://suesilubrico.blogspot.com/                                      47
Concept Example




             Implementation:


            Even great
             marketing
             strategy can be
             sabotaged by
             poor
             implementation

                                      Reference : Philip Kotler’s Marketing Management 13th Edition


                     http://suesilubrico.blogspot.com/                                      48
Concept Example




            Feedback and Control:

           “Do the right thing
            – to be effective”
                Than
           “To do things right
            – to be efficient”
               - Peter Ducker


                                      Reference : Philip Kotler’s Marketing Management 13th Edition


                     http://suesilubrico.blogspot.com/                                      49
Concept 10:What are
    Marketing Plans?


Executive Summary
Table of Contents
Situation Analysis
Marketing Strategy
Financial Projections
Implementation Controls



                               Reference : Philip Kotler’s Marketing Management 13th Edition


              http://suesilubrico.blogspot.com/                                      50
Concept Example



            Concept 10: Executive
            Summary



   Open with a brief summary of main
           goals and recommendation




                                   Reference : Philip Kotler’s Marketing Management 13th Edition


                  http://suesilubrico.blogspot.com/                                      51
Concept Example



            Concept 10: Situation
            Analysis


  How do we define the market?
  How big is it?
  How fast is it growing?
  What are the relevance trend?
  What are the products offering?
  What critical issue do we face?



                                   Reference : Philip Kotler’s Marketing Management 13th Edition


                  http://suesilubrico.blogspot.com/                                      52
Concept Example



            Concept 10: Marketing
            Strategy

 Managers defines:

           Mission
           Marketing
           Financial objectives




                                        Reference : Philip Kotler’s Marketing Management 13th Edition


                       http://suesilubrico.blogspot.com/                                      53
Concept Example



            Concept 10: Financial
            Projections


             Includes:

              Sales Forecast
              Expense forecast
              Break even analysis




                                      Reference : Philip Kotler’s Marketing Management 13th Edition


                     http://suesilubrico.blogspot.com/                                      54
Concept Example



            Concept 10: Implementation
            Control


    It spells out the goals
    and budget of each
    month or quarter




                                    Reference : Philip Kotler’s Marketing Management 13th Edition


                   http://suesilubrico.blogspot.com/                                      54
Summary:

1.   What dimension defines business?
2.   What are Porter’s Generic Strategies?
3.   What are the three V’s Approach to
     Marketing?
4.   What are the Major Competitive Spheres?
5.   What are the levels of Marketing Plan?


                           Reference : Philip Kotler’s Marketing Management 13th Edition


          http://suesilubrico.blogspot.com/                                      56
Summary:

   6. What are Marketing Alliances?
   7. What is Holistic Marketing Framework?
   8. Why Strategic Planning is important?
   9. What are the Business unit Strategic
    Planning process?
   10. What are the Marketing plans?


                          Reference : Philip Kotler’s Marketing Management 13th Edition


         http://suesilubrico.blogspot.com/                                      57
TOP 10 Learning Concepts

Ch 2: Developing Marketing Strategies and Plans




                Sue Ann P. Silubrico
                  March 31, 2011
                          Reference : Philip Kotler’s Marketing Management 13th Edition

                                                                             58
               http://suesilubrico.blogspot.com/

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Ch2 developing marketing strategies and plans silubrico

  • 1. TOP 10 Learning Concepts Ch 2: Developing Marketing Strategies and Plans Sue Ann P. Silubrico March 31, 2011 Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/
  • 2. Ch 2: Developing Marketing Strategies and Plans Developing Marketing Strategies Plans Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 2
  • 3. Outline: TOP 10 Learning Concepts Ch 2: Developing Marketing Strategies and Plans 1. What dimension defines business? 2. What are Porter’s Generic Strategies? 3. What are the three V’s Approach to Marketing? 4. What are the Major Competitive Spheres? 5. What are the levels of Marketing Plan? Reference : Philip Kotler’s Marketing Management 13th Edition 3 http://suesilubrico.blogspot.com/
  • 4. Outline: TOP 10 Learning Concepts Ch 2: Developing Marketing Strategies and Plans 6. What are Marketing Alliances? 7. What is Holistic Marketing Framework? 8. Why Strategic Planning is important? 9. What are the Business unit Strategic Planning process? 10. What are the Marketing plans? Reference : Philip Kotler’s Marketing Management 13th Edition 4 http://suesilubrico.blogspot.com/
  • 5. Concept 1: What Dimensions Define a Business? Customer Groups Customer Needs Technology Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 5
  • 6. Concept Example Who are the Customer group? We are the group, retailer Customers Seeks to attract and satisfy Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 6
  • 7. Concept Example What are the Customer needs? Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 7
  • 8. Concept Example Service:  Car broke down Towed Fixing Fixed Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 8
  • 9. Concept Example Goods: Coffee bean Grind coffee bean filtered Pour Coffee Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 9
  • 10. Concept Example Technology: Makes your life easier… Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 10
  • 11. Concept 2: Porter’s Generic Strategies Overall cost Leadership Differentiation Focus Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 11
  • 12. Concept Example What is Overall Cost Leadership?  Company seeks to gain greater market share  To increase their sales  To have lower prices than the competition Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 12
  • 13. Concept Example What is Differentiation?  Product or service that offers unique attributes.  Valued by customers  Competitive advantage based on products or service. Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 13
  • 14. Concept Example What is Focus?  Concentrates on meeting specialized needs of its customers  Focus on specific customers or markets Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 14
  • 15. Concept Example Focus: Dell Computer’s strategy is highly focused around the efficient sale and manufacture of computers and computer peripheral devices Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 15
  • 16. Concept 3: What are the 3 V’s Approach to Marketing Define the value Segment Define the value Proposition Define the value Network Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 16
  • 17. Concept Example Value Segment:  Customer value brand or service by:  Quality  Advertisements  Location Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 17
  • 18. Concept Example Value Proposition  Target customers benefit from patronizing company's product: Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 18
  • 19. Concept Example Why do customers buy from Starbucks?  Starbucks Value Propositions:  To Create Experience around consumption of coffee  To Create Customer Intimacy  To create an Ambience, the need for people to get together. Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 19
  • 20. Concept Example Define the Value of Network  Network of people and companies that contribute to the increase in a product's value Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 20
  • 21. Concept Example How does Starbucks do their Value Network?  Advertising  Word of Mouth Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 21
  • 22. Concept Example How does Starbucks do their Value Network?  Excellent Service  Quality Products Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 22
  • 23. Concept 4: What are the Major Competitive Sphere? Industry Geographical Products Vertical Competence Channels Market Segment Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 23
  • 24. Concept Example Concept 4: Starbucks is an international coffee and coffee chain Industry Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 24
  • 25. Concept Example Concept 4: Starbucks serves people worldwide with high quality products. Products Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 25
  • 26. Concept Example Concept 4: What are the strong competitve advantage of Starbucks? Product Variety High-Quality Products Competence Customer Service Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 26
  • 27. Concept Example Concept 4: Who are the target market of Starbucks? Family Market Friends Segment Students Employees Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 27
  • 28. Concept Example Concept 4: Starbucks vertical channels Coffee Farm Distributed Vertical Channels Processed Finished product Exported Delivered Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 28
  • 29. Concept Example Concept 4:Currently Starbucks is present in more than 55 countries Geographical Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 29
  • 30. Concept 5:What are the levels of Marketing Plan? Strategic Tactical Identify target Lays Marketing Markets and Plans Value proposition Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 30
  • 31. Concept Example Concept 5: Marketing Plan is an instrument for directing and coordinating marketing effort  Strategic: Nike’s Target Markets are: Athletes Fitness Enthusiasts Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 31
  • 32. Concept Example Concept 5: Marketing Plan is an instrument for directing and coordinating marketing effort  Tactical: Merchandising Promotion Product features Pricing Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 32
  • 33. Concept 6:What are Marketing Alliances? Product or Services Alliances Promotional Alliances Logistics Alliances Pricing Collaborations Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 33
  • 34. Concept Example Products and Services Alliances  Starbucks is extending its brand.  Starbucks partnered with PepsiCo Inc.  To produce a bottled version of Starbucks Frappuccino.  Another partnership with Dryers  To produce Starbucks branded ice cream products. Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 34
  • 35. Concept Example Promotional Alliances: Company agrees to carry promotion for another company’s product or service.  Mc Donald's teamed up with Disney for 10 years to offer products related to Disney films as part of its happy meals. Bee Movie Ice Age Movie Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 35
  • 36. Concept Example Logistic Alliances: One company offers logistical services for another company’s products.  Abbotts laboratories warehouses and delivers 3M’s Medical and surgical products. Medical warehouse supplies Deliveries Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 36
  • 37. Concept Example Pricing Collaborations: One or more companies join in special pricing collaborations. Hotels and rental car companies often offer mutual discounts Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 37
  • 38. Concept 7: What are the Holistic Marketing Framework Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 38
  • 39. Concept Example Concept 7: Holistic Marketing Framework a key of creating long term relationships among stakeholders Value Exploration Value Delivery Value Creation Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 39
  • 40. Concept 8: Why Strategic Planning is important? Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 40
  • 41. Concept Example Concept 8: Why Strategic Planning is important?  It helps to response effectively with customer needs by: Planning Implementing Controlling Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 41
  • 42. Concept 9:What are Business Unit Strategic Planning Process Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 42
  • 43. Concept Example Business Mission: Needs to define its specific mission within the company Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 43
  • 44. Concept Example SWOT Analysis: Overall evaluation of company's Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 43
  • 45. Concept Example Goal Formulation:  Develop specific goal for the planning period Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 45
  • 46. Concept Example Strategic Formulation:  Business must design strategy for achieving its goals. Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 46
  • 47. Concept Example Program Formulation:  Must Plan program to strengthen Research & Development Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 47
  • 48. Concept Example Implementation:  Even great marketing strategy can be sabotaged by poor implementation Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 48
  • 49. Concept Example Feedback and Control:  “Do the right thing – to be effective” Than  “To do things right – to be efficient” - Peter Ducker Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 49
  • 50. Concept 10:What are Marketing Plans? Executive Summary Table of Contents Situation Analysis Marketing Strategy Financial Projections Implementation Controls Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 50
  • 51. Concept Example Concept 10: Executive Summary Open with a brief summary of main goals and recommendation Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 51
  • 52. Concept Example Concept 10: Situation Analysis  How do we define the market?  How big is it?  How fast is it growing?  What are the relevance trend?  What are the products offering?  What critical issue do we face? Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 52
  • 53. Concept Example Concept 10: Marketing Strategy Managers defines:  Mission  Marketing  Financial objectives Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 53
  • 54. Concept Example Concept 10: Financial Projections Includes:  Sales Forecast  Expense forecast  Break even analysis Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 54
  • 55. Concept Example Concept 10: Implementation Control It spells out the goals and budget of each month or quarter Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 54
  • 56. Summary: 1. What dimension defines business? 2. What are Porter’s Generic Strategies? 3. What are the three V’s Approach to Marketing? 4. What are the Major Competitive Spheres? 5. What are the levels of Marketing Plan? Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 56
  • 57. Summary:  6. What are Marketing Alliances?  7. What is Holistic Marketing Framework?  8. Why Strategic Planning is important?  9. What are the Business unit Strategic Planning process?  10. What are the Marketing plans? Reference : Philip Kotler’s Marketing Management 13th Edition http://suesilubrico.blogspot.com/ 57
  • 58. TOP 10 Learning Concepts Ch 2: Developing Marketing Strategies and Plans Sue Ann P. Silubrico March 31, 2011 Reference : Philip Kotler’s Marketing Management 13th Edition 58 http://suesilubrico.blogspot.com/