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1、Marketing Plan,Authors: Prof. Keegan, Prof. Malcolm,Presenters: M. Azadi M. Tabatabaei,Chapter 8,Objectives,Marketing planning Tactical and Strategic Marketing Plans Marketing planning process Marketing audits Corporate Planning Assumptions Marketing Objectives Marketing Strategy Marketing Program M
2、ission statements,Marketing Planning,An outline of a design to accomplish a specific objective: To create value for customers at a profit, or in the new concept of marketing, To create a mutually beneficial relationship,Marketing Planning,Market Needs,Wants,Strengths of organization,Weakness of orga
3、nization,Existing competitors,Expected competitors,Design for creating value,Marketing Planning Process,Definition: The application of marketing resources to achieve marketing objectives.,Marketing Planning Process,Performing a situation analysis Formulating basic assumptions Setting objectives for
4、what is being sold and to whom Deciding how the objectives are to be achieved Scheduling and costing out the actions necessary for implementation,Developa Market Plan,Management provides little guidance as to how the process should be managed. To Compromise between what is desirable and what is prac
5、ticable Management must be customized to their particular organization Size Complexity Character and diversity of company operations,Essential of Marketing Planning,We need marketing planning when hostiles increased and environment is complex.,Our Challenge,We should manage:,Cost,Optimization,Applic
6、ation of Marketing Plan,To help identify sources of competitive advantage To force an organized approach To develop specificity To ensure consistent relationships To inform everyone in the organization about priorities To obtain resources needed to implement plans To engage organizational support at
7、 all levels, form the bottom to the top of the organization To set objectives and strategies To gain commitment towards goals,The Elements of Strategy,Stepping back form the day to day Ideas and thought Activity/Action Setting Objectives and goals Important decisions and choices Significant commitme
8、nt of resources Not easily reversible Involves choice/tradeoffs,Differentiation Insight Vision Defines the business we are in Defines the business we are becoming Value Tradeoffs Objectives and goals Strategy Vs. Tactics,Strategic Plan,Definition: A clear and simple summary of Key market trends, Key
9、 target segments, The value required by each segment, How the company intends to create value, With a clear prioritization of marketing objectives and strategies, together with financial consequences.,Biggest Danger for Organizations,Most Managers prefer to sell the products they find easiest to sel
10、l to customers who offer the least line of resistance.,Strategy,Strategy describes: The direction a business will pursue and guides the allocation of resources and effort The business we are in and becoming. And provides: The logic that integrates the Perspectives of functional departments and opera
11、ting units and points them all in the same direction.,Strategy Statement,The strategy statement for a business unit is composed of the following three elements: A business definition that specifies the area in which the business will compete. A strategic thrust that describes where competitive advan
12、tage is to be gained. Supportive functional strategies.,Marketing Strategy,Definition: It is a statement of how a brand or product line will achieve its objectives It Provides decisions and direction regarding variables such as: Segmentation of the market, Identification of the target market, Positi
13、oning, Marketing Mix elements and expenditures.,Tactically Oriented Company,Board,Senior Management,Middle Management,Operations,Tactical Orientation,Strategic Orientation,Strategic Oriented Company,Board,Senior Management,Middle Management,Operations,Tactical Orientation,Strategic Orientation,Rules
14、 of Marketing Planning,Develop the strategic marketing plan. Scanning the external environment Identifying early on the effect this may have on the company A strategic plan should cover a three-year period. Never write the one-year plan first and extrapolate from it.,Marketing Planning Process,A str
15、ategic marketing plan should contain the following: Executive summary Mission Statement Financial Summary of revenue, expenses and earnings Marketing audit SWOT analysis Assumption of key determinants Overall marketing objectives and strategies Expected results Alternatives (contingency plan) Budget
16、,Stages of Marketing Plan,1. Mission,2. Corporate objectives,3. Marketing audit,4.SWOT analysis,5. Assumptions,6. Marketing objective and strategies,7. Estimate expected result,8. Identity alternative plans and mixes,9. Budget,10. First year detailed implementation program,Phase one -Goal Setting,Ph
17、ase Two Situation Review,Phase Three-Strategy Formulation,Phase Four-Resources allocation and monitoring,Measurement and review,Critical Factors,Delegation When companies delegate marketing planning to planner, the plan invariably fails, because planning for line management cannot be delegated to a
18、third party. Commitment Without it, those charged with introducing the planning found that there was great resistance to planning on the part of local managers.,Marketing Audit I,“Marketing audit is a comprehensive, systematic, independent, and periodic examination of a companysor business unitsmark
19、eting environment, objectives, strategies, and activities with a view to determining problem areas and opportunities and recommending a plan of action to improve the companys marketing performance”Philip Kotler,Marketing Audit II,Goal: To see how well the firm is applying the marketing concepts Exam
20、ine external and internal information and procedures Identify problems in the environment,Marketing Audit III,Need for an audit does not manifest itself until things start to go wrong for a company in the form: Declining sales Falling margins Lost market share Underutilized production capacity,Marke
21、ting Audit IV,External Audit -By independent experts -Starts with an examination of information on the general economy and then moves on to the outlook for the health and growth of the markets served by the company. Internal Audit -By members of the marketing organization -To assess the resources of
22、 the organization as they relate to the environment and the resources of Competitors,Marketing Audit V,At least once a year Using: Normal information, Control Procedures, Marketing Research,Marketing Audit VI,Company Executives and Managers Few Consultants have the in-depth knowledge of market, cust
23、omers, company culture, and the industry that company line managers have. External Consultants Every company is at risk of becoming blinded to reality by the influence of company culture,Kind of variables for Controlling,Non Direct Control These usually take the form of what can be described as: Env
24、ironment, Market, Competitive variables Company has Control Operational variables,Auditing Process,Identification, measurement, collection, and analysis of all facts and opinions that affect a companys problem The application of judgment to uncertain areas that remain after the initial analysis,Mark
25、eting Audit Procedure,Marketing environment audit Marketing strategy audit Marketing organization audit Marketing system audit Marketing productivity audit Marketing function audit Marketing excellence review Ethical and social responsibility review,SWOT Analysis,Opportunities,Threats,Strengths,ST,S
26、O,Weakness,WT,WO,Internal,External,Corporate Planning,Elements ofCorporate Plan,The desire level of profitability Business boundaries What Kinds of products will be sold to what kinds of market (Marketing) What Kinds of facilities will be developed (Production and distribution) The size and characte
27、r of the labor force (Personnel) Funding (Finance) Technology to be developed (Research and development) Other corporate objectives Social Responsibility and corporate Stock-market Employer image,Assumptions,This is one of the most critical steps in the preparation of a marketing plan because it is
28、the easiest step to do carelessly. They should be: Key, Critical and few in Number Consistent with relevant known facts With defensible assumptions,Examples:,Industrial overcapacity will increase from 105 percent to 115 percent as new plants come into operation. Price competition will force price le
29、vels down by 10 percent across the board. A new product that competes with ours will be introduced by our major competitor before the end of the second quarter.,4. Diversification,Market Development,New Markets,Market Penetration,Existing Markets,Existing Products,Product Development,New Products,Th
30、ree Intensive Growth Strategies: Ansoffs Product/Market Expansion Grid,Marketing Objectives and Strategies,Marketing Mix,The Marketing Mix,Customer Solution,Customer Cost,Communication,Convenience,Use of Marketing Plan,To determine: Where the company is now, Where it wants to go, How to get there In
31、cludes: Advertising Plan Sales Promotion Plan Pricing Plan Distribution Plan Product Plan Target Market Plan,The Marketing Budget,To justify all marketing expenditures from a zero base each year against the task that you wish to accomplish.,Mission Statements,It is one of the most difficult aspects
32、of marketing planning to master, largely because it is philosophical and qualitative in nature. Key points: Role or Contribution Profit Service Opportunity seeker Business definition Core Competencies Company/Division Positioning Indications for the future,Types of Mission Statements,Motherhood It found in annual reports designed to “stroke” shareholders/Non Pract
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