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Company and Marketing Strategy: Partnering to Build Customer Relationships
Strategic Planning ,[object Object]
Steps in Strategic Planning
The 3 R’s of Strategy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Different Dimensions of Strategy (3 R’s)
Outcomes of effective marketing strategies: ,[object Object],[object Object],[object Object]
Strategies Over Time-Singapore Airlines
Questions a Mission Statement Should Answer What is our Business? Who is the Customer? What do Consumers Value? What Should our Business Be?
The Mission Statement ,[object Object],[object Object],[object Object]
Mission Statements Should: Be Realistic  Be Specific Fit the Market Environment  Be Based on Distinctive Competencies Be Motivating
 
Designing the Business Portfolio ,[object Object],[object Object],[object Object],[object Object],[object Object]
Portfolio Analysis ,[object Object],[object Object]
Strategic Business Unit (SBU) ,[object Object],[object Object]
Analyzing Current SBU’s: BCG Growth-Share Matrix ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Relative Market Share   High  Low Market Growth Rate Low  High ? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The BCG Growth-Share Matrix Figure 2.4
Comparison of Business Portfolios Figure 2.5
Figure 2.6 Strategies in Managing the SBUs in the Portfolio
Problems With Matrix Approaches Can be Difficult, Time Consuming, Costly to Implement Difficult to Define SBUs & Measure Market Share/Growth Focus on Current Businesses, Not Future Planning Can Place too Much Emphasis on Growth Can Lead to Poorly Planned Diversification
Product/Market Expansion Grid Market  Penetration Product Development Market  Development Existing New P R O D U C T New M A R K E T Diversification Existing Figure 2.7
Growth at Starbucks To maintain its phenomenal growth in an increasingly over-caffeinated marketplace, Starbucks has brewed up an ambitious, multi-pronged growth strategy.
Product/Market Expansion Grid Based on Starbucks ,[object Object],[object Object],[object Object],[object Object]
Product/Market Expansion Grid   Based on Starbucks ,[object Object],[object Object],[object Object],[object Object]
Linking the Product/Market Expansion Grid to Marketing Strategies
Competitive Strategies: Comparison of Service Attributes of Full Service and Budget Airlines
Linking the Strategic Planning Models (marketing implications)
 
Marketing’s Role in Strategic Planning Provide a Guiding Philosophy Provide Inputs to Strategic Planners Design Strategies to Reach Objectives
Managing Marketing Strategy and Marketing Mix Figure 2.13
Market Segmentation ,[object Object],[object Object]
Target Marketing ,[object Object],[object Object]
Market Positioning ,[object Object],[object Object]
The Marketing Mix ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The 4 P’s of the Marketing Mix
Achieving Competitive Advantage, Integration and Positioning in the Marketing Mix
An Example of Integration in the Marketing Mix
The 4 P’s & 4 C’s of the Marketing Mix ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Implication for marketers: We need to  empathize  with the customer. The marketing mix represent the tools we use to achieve results. Customer  outcomes  such as solutions, cost, convenience and communication are the keys to marketing success!
 
Managing the Marketing Effort Figure 2.16
Major Sections of Product/Brand Plan Executive Summary Current Marketing Situation Analysis of Threats and Opportunities Objectives for the Brand Marketing Strategy Action Programs Marketing Budget Controls
Marketing Control Process Figure 2.17

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