2 - Strategy Development and The Market ...

40 %
60 %
Information about 2 - Strategy Development and The Market ...

Published on January 7, 2009

Author: aSGuest9500

Source: authorstream.com

Crafting Strategyand the Marketing Plan : Crafting Strategyand the Marketing Plan Arild Aspelund Outline : Outline A simple model for marketing strategy Containing the roles of the key concepts A practical guide to the marketing strategy process Kotler’s view The marketing plan Rationale Content Dissemination and confidentiality Marketing Strategy : Marketing Strategy The Value Delivery Process : The Value Delivery Process K&K’s Business Unit Strategic Model : K&K’s Business Unit Strategic Model Business Mission : Business Mission A good mission statement clearly defines the organization’s mission to all employees, stake holders, customers and suppliers Defines focus on a common mission! Focus on a limited number of goals! Stress major policies and values! Define major competitive spheres! Mission statement - eBay : Mission statement - eBay “We help people trade anything on earth. We will continue to enhance the online trading experiences of all – collectors, dealers, small businesses, unique item seekers, bargain hunters, opportunity sellers, and browsers.” Mission statement - IKEA : Mission statement - IKEA “The IKEA vision is to create a better everyday life for the many people. We make this possible by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them” Does it say that IKEA’s prices should be as low as possible? SWOT - Analysis : SWOT - Analysis Internal Factors Strengths Competitive strengths, resources and capabilities Weaknesses Competitive disadvantages, resource and capability gaps Three models for internal analysis The Value Workshop The Value Chain The Value Network The Value Work Shop : The Value Work Shop Stabell and Fjeldstad (1998) Porter’s Value Chain : Porter’s Value Chain The Value Network : The Value Network Stabell and Fjeldstad (1998) SWOT - Analysis : SWOT - Analysis External Factors Opportunities Attractiveness and success probability Threats Seriousness and probability of occurrence Market research Customer characteristics, segments, preferences, buying behavior, etc Two models for external analysis PESTEL - analysis Porter’s five forces (We will come back to these shortly) Goal Formulation : Goal Formulation Goals should be realistic! Objectives should be quantitative! Objectives must be consistent! Create hierarchical sub-goals! Strategy Formulation : Strategy Formulation Porter’s generic strategies Overall cost leadership Differentiation Focus Define overall allocation and development of the firm’s organizational resources and capabilities Market strategies Value proposition Segmentation Targeting Positioning Customer behavior Define allocation and development of market resources and capabilities Program Formulation, Implementation, Control and Feedback : Program Formulation, Implementation, Control and Feedback Specification of tactical issues Product features Promotion Merchandising Pricing Sales channels Service Development of a feasible time schedule associated with each task Organization and allocation of responsibilities Development of reliable measures of performance on all levels Report procedures Stop criteria The Market Plan - Motivation : The Market Plan - Motivation Primarily internal focus Frequently used in programs for holistic marketing Communication of market knowledge throughout the organization A plan…with milestones… Economic measures, commitment and control The Market Plan - Contents : The Market Plan - Contents Executive Summary Value proposition, key market segments, targeting, positioning, forecasts and returns Situation Analysis Market summary with consumer behavior, SWOT, competition, value proposition, CSF Marketing Strategy Mission, goals, key market segments, targeting, positioning, marketing mix, marketing research Financial Break-even analysis, sales forecast, expense forecast Controls Implementation, organization, feed-back routines The Market Plan - Dissemination : The Market Plan - Dissemination It is rarely smart to disclose your market plan Not only due to competitors can see your evaluation of Value propositions Accuracy and amount of market information Future actions and investments Cost structure But also to protect your actions from transparency from customers It could be wise, however, to publish a version that you want the public and your competitors to see… Summary and continuation : Summary and continuation A market strategy should start with a scan of the environment We have presented a framework for strategical market management that incorporates several frameworks of analysis and forms the basis for new marketing campaignes (these will be revisited in detail…) We have suggested a structure for a market plan And in the next episode of Marketing Management… A model for scanning the environment A practical guide for performing market research

Add a comment

Related presentations

Related pages

Strategy 2 Market | Product Development | Innovation Experts

Strategy 2 Market is an experienced consulting firm specializing in effective product development processes and systems your team can repeat and maintain.
Read more

Product Development Consultants | Blog | Strategy 2 Market

Strategy 2 Market, Inc. 29 N. Wacker, Suite 701 Chicago, IL 60606. 312.212.3144
Read more

Strategic management - Wikipedia

Strategic management involves the formulation and ... market development and horizontal and ... has emerged as crucial aspect of any strategy development.
Read more

Market Development Strategy - Canadian Sheep Federation

Market Development Strategy Canadian Sheep Federation September 30, 2005 Table of Contents ... 2.2.10 Market Development Communication ...
Read more

How to Choose a Market Development Strategy | OnStrategy ...

How to Choose a Market Development Strategy . ... This is aptly called a market development strategy. ... What is 2 + 2 ?
Read more

Market Strategy Development Series - nwoinnovation.ca

Market Strategy Development Series Building Block 2 Critical Value Factors ENTREPRENEUR ... 2 THE MARKET STRATEGY WORKBOOK Introduction: What to expect?
Read more

2.1 Strategy Development

2.1 Strategy Development: ... 2.1. Strategy Development 40 . 2.2. Strategy Implementation 45. 3. ... Financial and Market Outcomes
Read more