Developing Marketing Strategies and Plans Prepared by : Isjuliawati Muhammad Khairudin 2008376673 Prepared for : Beloved friends and Prof Dr Faridah Hj Hassan.
This Chapter Covers 4 Main Sub-chapters
2.1 Marketing & Customer Value. 2.2 Corporate Division Strategic Planning.
2.3 Business Unit Strategic Planning. 2.4 Product Planning.
2.1 Marketing and Customer Value 2.1.1
The Value Delivery Process
2.1.2
Core Competencies
2.1.3
Holistic Marketing Framework
Value Delivery Process
Traditional Process Sequence
Make Product Sell Product
Value Creation & Product Delivery Sequence.
Choose the Value Provide the Value Communicate the Value
Core Business Characteristic
A source of competitive advantage Application in wide variety of markets Difficult to imitate
Holistic Marketing Framework •Value exploration •Value Creation •Value Delivery
•Customer Focus Achieving
•Core Competencies •Collaborative Networks
2.2 Corporate Division Strategic Planning 2.2.1
Corporate Mission
2.2.2 Establishing Strategic Business Units (SBUs) 2.2.3 Growth Opportunity
Good mission statement
Characteristic 1. 2. 3.
Limited no of goals Stress on company’s policies and value Define the major competitive areas. i. ii. iii. iv. v. vi.
Industry Products & application Competence Market segment Vertical geographical
Example of mission statement “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.” -eBay
Establishing Statagic Business units (SBUs)
A unit of a company that has separate mission & objective that can be planned independently from other company business.
Assessing Growth Opportunities
Intensive growth
Market expansion grid
Integrative Growth
Backward Forward Horizontal
Diversification -Horizontal Conglomerate -Concentric
2.3 Business Unit Strategic Planning 2.3.1
SWOT analysis
2.3.2
Goal Formulation
2.3.3
Strategy formulation
Goal Formulation
Characteristic
Ordered in terms of priority Stated Quantitatively Realistic Consistent
Strategic Formulation
Porter’s Generic Strategies
Overall cost leadership Differentiation Focus
Strategic Alliances (3PL)
Product & service Promotion Pricing Logistic
2.4 Product Planning
Purpose : outline what plan has to be taken to achieve marking objectives. Content of marketing plan
Executive summary & table content Situation analysis Marketing strategy Implementation & control Financial projection
God blesses all of you.. amin