9. Internal Market VPs
“Employee Retention”
A winning VP aims at motivating and retaining those
employees who are best equipped to help achieve the goals of
the organization.
• Example: Nayatel promotes only the most valuable
resources to manager level and binds them with Car, laptop
and study loan policies for specific tenures to retain them
10. Internal Market VPs
“Competition Assessment”
Employees assess the VP of their employer organization along
with those of other prospective employee organizations to
determine their choice of employer.
11. Internal Market VPs
“Competition Assessment”
Google Delivers Happiness!
On- Site Physicians Travel Insurance New Baby Allowance Education Funding
Free Legal Aid
On-Site Dental
On-Site Gym
Maternity Leave
Paternity Leave
Dry Cleaning
LFA
On-Site Massage
Etc.
13. Referral Market VPs
“Advocate Initiated”
In professional services, a reciprocal referral system is
common between a firm and other professional advisors
14. Referral Market VPs
“Company Initiated”
An organization’s explicit attempt to use its existing
customers, as a part of its marketing activities, to gain new
customers.
15. Referral Market VPs
“Viral or Buzz Marketing”
It occurs when an innovative VP prompts third parties to act
as a referral source
16. Influence Market VPs
Developing and communicating a VP to the most important
constituent members of the influence market includes
managing relationships with investor groups, analysts, media
and government bodies. Clear VPs addressing the influence
market are important for firm stability and growth.
• For example, Frito-Lay focuses on a wide range of
influencers who impact consumer demand for
snacks, including health
professionals, associations, dieticians and academics.
19. Alliance Market VPs
Alliance partners are also a form of supplier. However, they
typically supply competences and capabilities that are more
knowledge-based.
Hotels, restaurants, and
tourist businesses pool
resources to market their
location to prospective
travelers.