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Strategic marketing planning
 

Strategic marketing planning

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Based on management study..

Based on management study..

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Strategic marketing planning Strategic marketing planning Presentation Transcript

  • Strategic Marketing Planning
  • What is Strategic Planning?
    • It is the managerial process that helps to develop a strategic and viable fit between the firm’s objectives, skills, resources with the market opportunities available. It helps the firm deliver its targeted profits and growth through its businesses and products.
  • How to go about it?
    • Defining the corporate mission
    • Establishing SBUs
    • Allocating resources for SBUs
    • Planning for new business
  • Corporate Mission
    • This seeks to embody the entire goals of the organization and the objective of its existence.
    • It seeks to provide a sense of purpose, direction and opportunity
  • 5 questions that the firm must ask itself
    • What is our business?
    • Who is our customer?
    • What does our customer need?
    • What will our business be?
    • What should our business be?
  • Marketing Myopia
    • Industry is a customer satisfying process not a goods producing process.
    • It is important therefore how you redefine your business.
  • Good mission statements have three characteristics
    • They focus on a limited number of goals
    • It stresses the major values and policies the firm desires
    • It defines the major competitive scope of operation
  • SBU
    • It is a company within a company
    • The business is differentiated from the rest of the company
    • It has its own set of competitors
    • It is a separate profit centre
  • The BCG Matrix Mkt Share Mkt growth Cash Cows Dogs Stars ???
  • SBU strategies
    • Build
    • Hold
    • Harvest
    • Divest
  • SWOT Analysis
    • Strengths
    • Weaknesses
    • Opportunities
    • Threats
  • The GE Model Business Strength Mkt Attractiveness Strong Medium Weak Strong Medium Weak
  • Ansoff’s Product-Market Grid Current products New products Current Mkts New Mkts Mkt penetration strategy Mkt development strategy Product development strategy Diversification strategy
  • The Planning Process
    • Analysing Market opportunities
    • Developing Marketing strategies
    • Planning Marketing Programs
    • Managing the Marketing Effort
  • Porter’s Generic Strategies
    • Overall cost leadership
    • Product Differentiator
    • Focus
  • Marketing Control
    • Annual Plan control
    • Profitability control
    • Strategic Control