Specializing In Design and Production. Dyon tucker use the highest Quality Bamboo In The World, And Work With Our Customers To Develop And Supply Original Designs Internationally.
It’s also important to note that a municipality’s strategy must be specific to its economy and population, and it must be diverse. Goals cannot all be focused on a single source of revenue, such as tourism or manufacturing.
The document discusses business level strategies that companies can employ, including cost leadership, differentiation, focus cost leadership, focus differentiation, and integrated strategies. It provides examples of companies that utilize each strategy, such as Kulula Airlines for cost leadership and Fly Emirates for differentiation. Additionally, the document outlines potential pitfalls for each strategy and how companies can evaluate the effectiveness of their chosen strategy.
1. The document discusses various marketing strategies such as focusing resources on opportunities to increase sales and achieve competitive advantage through customer satisfaction, product development, promotion, and pricing.
2. Several types of marketing strategies are described, including those based on market dominance, Porter's generic strategies, innovation strategies, growth strategies, and marketing warfare strategies which draw parallels to military strategies.
3. Diversification strategies like concentric, horizontal, and conglomerate diversification are also outlined as ways for companies to increase profitability through new products and markets.
This document discusses various strategies and concepts related to corporate level strategy. It begins by defining different categories of business organizations such as sole proprietorships, partnerships, and corporations. It then discusses the nature of corporate level strategy and key issues like directional, portfolio, and parenting strategies. Some strategic choices at the corporate level are also outlined, including business closure, acquisition, and reorganization. Integration and diversification options are presented, including vertical and horizontal integration as well as related and unrelated diversification. The final sections cover internationalization strategies and strategic alliance options.
This document discusses strategies for mature and declining markets. It explains that mature markets can still provide opportunities through differentiation, cost leadership, or pursuing additional growth. Declining markets require evaluating demand trends, exit barriers, and competitive intensity to determine the best strategy of harvesting, maintaining, niche, or profitable survival. Overall success relies on sustaining customer loyalty and value through quality, service, cost management, or stimulating further volume growth.
Strategic marketing managers have three main responsibilities:
1) Define the vision, mission, goals and objectives of the business unit.
2) Analyze the internal and external environment to identify core competencies and strategic alternatives.
3) Implement, monitor and control the marketing strategy to provide feedback for continuous improvement.
The document discusses strategic management across a product's lifecycle, which is typically divided into five phases: development, introduction, growth, maturity, and decline. Each phase presents different strategic goals and considerations for factors like competition, pricing, distribution, promotion, and product development. The strategies aim to successfully introduce a product, increase its market share, maintain quality and demand in later phases, and maximize profits before withdrawing the product.
This document provides an overview of strategic planning and marketing concepts. It discusses various strategic planning frameworks including the BCG matrix, GE/McKinsey multifactor matrix, and Ansoff's growth vector matrix. It also covers topics like corporate, business, and marketing strategy, strategic-planning processes, Porter's five forces model, and approaches to turnaround strategy and restructuring.
It’s also important to note that a municipality’s strategy must be specific to its economy and population, and it must be diverse. Goals cannot all be focused on a single source of revenue, such as tourism or manufacturing.
The document discusses business level strategies that companies can employ, including cost leadership, differentiation, focus cost leadership, focus differentiation, and integrated strategies. It provides examples of companies that utilize each strategy, such as Kulula Airlines for cost leadership and Fly Emirates for differentiation. Additionally, the document outlines potential pitfalls for each strategy and how companies can evaluate the effectiveness of their chosen strategy.
1. The document discusses various marketing strategies such as focusing resources on opportunities to increase sales and achieve competitive advantage through customer satisfaction, product development, promotion, and pricing.
2. Several types of marketing strategies are described, including those based on market dominance, Porter's generic strategies, innovation strategies, growth strategies, and marketing warfare strategies which draw parallels to military strategies.
3. Diversification strategies like concentric, horizontal, and conglomerate diversification are also outlined as ways for companies to increase profitability through new products and markets.
This document discusses various strategies and concepts related to corporate level strategy. It begins by defining different categories of business organizations such as sole proprietorships, partnerships, and corporations. It then discusses the nature of corporate level strategy and key issues like directional, portfolio, and parenting strategies. Some strategic choices at the corporate level are also outlined, including business closure, acquisition, and reorganization. Integration and diversification options are presented, including vertical and horizontal integration as well as related and unrelated diversification. The final sections cover internationalization strategies and strategic alliance options.
This document discusses strategies for mature and declining markets. It explains that mature markets can still provide opportunities through differentiation, cost leadership, or pursuing additional growth. Declining markets require evaluating demand trends, exit barriers, and competitive intensity to determine the best strategy of harvesting, maintaining, niche, or profitable survival. Overall success relies on sustaining customer loyalty and value through quality, service, cost management, or stimulating further volume growth.
Strategic marketing managers have three main responsibilities:
1) Define the vision, mission, goals and objectives of the business unit.
2) Analyze the internal and external environment to identify core competencies and strategic alternatives.
3) Implement, monitor and control the marketing strategy to provide feedback for continuous improvement.
The document discusses strategic management across a product's lifecycle, which is typically divided into five phases: development, introduction, growth, maturity, and decline. Each phase presents different strategic goals and considerations for factors like competition, pricing, distribution, promotion, and product development. The strategies aim to successfully introduce a product, increase its market share, maintain quality and demand in later phases, and maximize profits before withdrawing the product.
This document provides an overview of strategic planning and marketing concepts. It discusses various strategic planning frameworks including the BCG matrix, GE/McKinsey multifactor matrix, and Ansoff's growth vector matrix. It also covers topics like corporate, business, and marketing strategy, strategic-planning processes, Porter's five forces model, and approaches to turnaround strategy and restructuring.
Michael Porter identified three generic strategies for competitive advantage: cost leadership, differentiation, and focus. Cost leadership involves standardized products offered at the lowest price. Differentiation creates a unique product or service valued by customers over low cost. Focus targets a narrow market segment. Pursuing a single strategy is no longer sufficient - hybrid approaches integrating cost leadership and differentiation offer flexibility to address changing customer expectations for quality, service and price.
The document discusses business-level strategies, including defining business-level strategy, the relationship between customers and strategy, and the five main types of business-level strategies: cost leadership, differentiation, focused cost leadership, focused differentiation, and integrated low cost/differentiation. It describes the purpose and characteristics of each type of strategy and the competitive risks they pose.
Strategic group analysis and positioningB. Michael
Strategic group analysis (SGA) is a tool used to analyze an organization's competitive environment. SGA identifies groups of competitors that follow similar strategies or compete on similar bases. Groups are identified using characteristics like product diversity, market segments served, and branding. SGA helps identify direct competitors and the basis of competition. It can also reveal opportunities and strategic problems. The process involves analyzing industry structure, mapping strategic groups, assessing competitiveness, and understanding strategic interactions. Conducting SGA involves using criteria like integration, market segmentation, ownership structure, and cost structure to distinguish groups.
The document discusses the five generic competitive strategies: low-cost provider strategy, broad differentiation strategy, focused low-cost strategy, focused differentiation strategy, and best-cost provider strategy. It provides details on each strategy, including effective approaches, competitive advantages and risks, and potential pitfalls. For example, it explains that a low-cost provider strategy aims to gain market share through lower prices, but risks price wars, while differentiation strategies charge premium prices but must offer truly unique attributes. A best-cost provider hybridizes the two by meeting customer expectations at a lower price than competitors.
The document discusses strategic marketing and competitive analysis. It defines corporate and marketing strategy, and explains how marketing plans and programs implement strategies. It then describes several models for strategic marketing analysis, including the Boston Box and GE Matrix. Finally, it outlines the concerns of a competitive analysis, such as identifying competitors and their strengths/weaknesses, objectives, strategies, and likely reactions.
Organizational strategies can be categorized into three levels - corporate, business, and functional. Corporate strategies set the overall direction for an organization across multiple industries. Business strategies determine how a company will compete within a particular industry or market. Functional strategies are developed for individual business functions like marketing or production. The document discusses various frameworks for developing strategies at each level, including growth vs stability strategies, Porter's generic strategies, the BCG matrix, and the product lifecycle model.
The document discusses various strategies and policies concepts including:
1) Mintzberg's 5Ps of strategy which defines strategy as a plan, ploy, pattern, position, and perspective.
2) The roles of corporate strategy which identifies barriers to achieving objectives and develops an approach to overcome obstacles.
3) Types of strategies including competitive, corporate, business, functional, and operating strategies as well as organizational policies.
The document discusses three generic strategies for businesses: differentiation strategy, focus strategy, and Ansoff's Matrix. The differentiation strategy involves making a product or service unique to add value for customers through continuous innovation, quality, services, design or customer terms. The focus strategy targets a specific market segment through specialization and niche marketing. Ansoff's Matrix analyzes product and market expansion strategies.
The document discusses new product development strategies and processes. It describes the stages of new product development including idea generation, concept development and testing, marketing strategy development, product development, test marketing, and commercialization. It also discusses managing new product development through customer-centered, team-centered, and systematic approaches. Finally, it outlines product life cycle strategies and considerations for different stages of the cycle.
- A focus strategy involves concentrating resources on a narrowly defined market segment or niche. The firm aims to build a strong competitive advantage by focusing on the specialized needs of that niche.
- By focusing on a niche, businesses can compete through low costs, differentiation, or rapid response against larger competitors. The objective is to better serve niche buyers than rivals.
- Choosing a niche where needs are not met and developing expertise in it is key to success with a focus strategy. Examples include Family Dollar targeting low-income families and Ferrari/Rolls-Royce focusing on luxury cars.
The document discusses Porter's three generic strategies: cost leadership, differentiation, and focus. It provides details on each strategy, including the strengths companies need to successfully implement each one and risks involved. It gives examples of companies like McDonalds, Apple, Medimix, and PepsiCo that have used cost leadership, differentiation, or focus strategies.
This document discusses strategic marketing planning and the different levels of planning within organizations. It identifies that planning typically occurs at the corporate, strategic business unit (SBU), functional, and operational levels. The key differences between levels are scope (with corporate being broadest and operational being narrowest) and time horizon (with corporate being long-term and operational being short-term). While the steps of analysis, objective setting, strategy development, and control are common across levels, the issues and resources allocated differ. Integration between all planning levels is important to ensure alignment of goals and strategies across the organization.
This document provides an overview of strategic management concepts including defining strategy, classifying strategy, and tests of a winning strategy. It discusses Mintzberg's five-fold definition of strategy as a plan, pattern, position, ploy, and perspective. Strategy can be classified based on its generic basis, levels in an organization, corporate direction, product/market focus, intensity of competition, and intention versus realization. Tests of a winning strategy ensure good fit with the external environment and internal resources, provide competitive advantage, improve performance, have coherence between values and actions, are distinctive from competitors, and are sustainable long-term.
Corporate level strategies are basically about the choice of direction that a firm adopts in order to achieve its objectives.
Corporate strategy is essentially a blueprint for the growth of the firm.
The corporate strategy sets the overall direction for the organization to follow.
It also spells out the extent, pace and timing of the firm’s growth.
Generic corporate (growth) strategic alternativesMaha H
This document outlines various generic corporate growth strategies including concentration, vertical integration, diversification, mergers, acquisitions, alliances, and joint ventures. It defines each strategy and provides examples. Concentration strategies focus on a single product/service and can include market development, product development, or horizontal integration. Vertical integration refers to control of suppliers or distributors. Diversification is unrelated or related expansion. Mergers combine two companies while acquisitions involve one company purchasing another. Alliances and joint ventures pool resources between companies.
The document discusses business-level strategy and competitive advantage. It explains that companies must decide on customer needs, customer groups, and distinctive competencies to develop a successful business model. This determines which strategies are formulated to differentiate products, price products, segment markets, and develop product ranges. There are four generic business-level strategies - cost leadership, focused cost leadership, differentiation, and focused differentiation - that create competitive positions. Maintaining a strong competitive position requires analyzing strategic groups and continually improving the business model in response to industry changes.
Mr. Anand discusses various corporate level strategies including stability, expansion, and retrenchment strategies. He defines each strategy and provides examples. Stability strategy involves maintaining the current level of operations while incremental growth. Expansion strategy seeks significant growth through entering new related or unrelated businesses or markets. Retrenchment reduces or exits some businesses. Mr. Anand also covers types of expansion strategies such as market penetration, product development, and diversification. Diversification can be vertical into related industries, horizontal into unrelated industries, or conglomerate entering totally new industries. The document provides an overview of corporate level strategies and their characteristics.
Joby Harte specializes in embodying fictional and historical characters using and altering their voice and appearance, as well as their facial expressions and body language.
This document provides an overview of marketing strategy and planning. It defines strategy and strategic planning, and discusses the differences between strategic and tactical marketing planning. It also outlines the key components of the strategic planning process, including developing a mission statement, conducting environmental analyses, creating objectives and strategies, and developing budgets and short-term plans. Analytical frameworks for strategic analysis like Porter's Five Forces and Ansoff's Product-Market Grid are also summarized.
Michael Porter identified three generic strategies for competitive advantage: cost leadership, differentiation, and focus. Cost leadership involves standardized products offered at the lowest price. Differentiation creates a unique product or service valued by customers over low cost. Focus targets a narrow market segment. Pursuing a single strategy is no longer sufficient - hybrid approaches integrating cost leadership and differentiation offer flexibility to address changing customer expectations for quality, service and price.
The document discusses business-level strategies, including defining business-level strategy, the relationship between customers and strategy, and the five main types of business-level strategies: cost leadership, differentiation, focused cost leadership, focused differentiation, and integrated low cost/differentiation. It describes the purpose and characteristics of each type of strategy and the competitive risks they pose.
Strategic group analysis and positioningB. Michael
Strategic group analysis (SGA) is a tool used to analyze an organization's competitive environment. SGA identifies groups of competitors that follow similar strategies or compete on similar bases. Groups are identified using characteristics like product diversity, market segments served, and branding. SGA helps identify direct competitors and the basis of competition. It can also reveal opportunities and strategic problems. The process involves analyzing industry structure, mapping strategic groups, assessing competitiveness, and understanding strategic interactions. Conducting SGA involves using criteria like integration, market segmentation, ownership structure, and cost structure to distinguish groups.
The document discusses the five generic competitive strategies: low-cost provider strategy, broad differentiation strategy, focused low-cost strategy, focused differentiation strategy, and best-cost provider strategy. It provides details on each strategy, including effective approaches, competitive advantages and risks, and potential pitfalls. For example, it explains that a low-cost provider strategy aims to gain market share through lower prices, but risks price wars, while differentiation strategies charge premium prices but must offer truly unique attributes. A best-cost provider hybridizes the two by meeting customer expectations at a lower price than competitors.
The document discusses strategic marketing and competitive analysis. It defines corporate and marketing strategy, and explains how marketing plans and programs implement strategies. It then describes several models for strategic marketing analysis, including the Boston Box and GE Matrix. Finally, it outlines the concerns of a competitive analysis, such as identifying competitors and their strengths/weaknesses, objectives, strategies, and likely reactions.
Organizational strategies can be categorized into three levels - corporate, business, and functional. Corporate strategies set the overall direction for an organization across multiple industries. Business strategies determine how a company will compete within a particular industry or market. Functional strategies are developed for individual business functions like marketing or production. The document discusses various frameworks for developing strategies at each level, including growth vs stability strategies, Porter's generic strategies, the BCG matrix, and the product lifecycle model.
The document discusses various strategies and policies concepts including:
1) Mintzberg's 5Ps of strategy which defines strategy as a plan, ploy, pattern, position, and perspective.
2) The roles of corporate strategy which identifies barriers to achieving objectives and develops an approach to overcome obstacles.
3) Types of strategies including competitive, corporate, business, functional, and operating strategies as well as organizational policies.
The document discusses three generic strategies for businesses: differentiation strategy, focus strategy, and Ansoff's Matrix. The differentiation strategy involves making a product or service unique to add value for customers through continuous innovation, quality, services, design or customer terms. The focus strategy targets a specific market segment through specialization and niche marketing. Ansoff's Matrix analyzes product and market expansion strategies.
The document discusses new product development strategies and processes. It describes the stages of new product development including idea generation, concept development and testing, marketing strategy development, product development, test marketing, and commercialization. It also discusses managing new product development through customer-centered, team-centered, and systematic approaches. Finally, it outlines product life cycle strategies and considerations for different stages of the cycle.
- A focus strategy involves concentrating resources on a narrowly defined market segment or niche. The firm aims to build a strong competitive advantage by focusing on the specialized needs of that niche.
- By focusing on a niche, businesses can compete through low costs, differentiation, or rapid response against larger competitors. The objective is to better serve niche buyers than rivals.
- Choosing a niche where needs are not met and developing expertise in it is key to success with a focus strategy. Examples include Family Dollar targeting low-income families and Ferrari/Rolls-Royce focusing on luxury cars.
The document discusses Porter's three generic strategies: cost leadership, differentiation, and focus. It provides details on each strategy, including the strengths companies need to successfully implement each one and risks involved. It gives examples of companies like McDonalds, Apple, Medimix, and PepsiCo that have used cost leadership, differentiation, or focus strategies.
This document discusses strategic marketing planning and the different levels of planning within organizations. It identifies that planning typically occurs at the corporate, strategic business unit (SBU), functional, and operational levels. The key differences between levels are scope (with corporate being broadest and operational being narrowest) and time horizon (with corporate being long-term and operational being short-term). While the steps of analysis, objective setting, strategy development, and control are common across levels, the issues and resources allocated differ. Integration between all planning levels is important to ensure alignment of goals and strategies across the organization.
This document provides an overview of strategic management concepts including defining strategy, classifying strategy, and tests of a winning strategy. It discusses Mintzberg's five-fold definition of strategy as a plan, pattern, position, ploy, and perspective. Strategy can be classified based on its generic basis, levels in an organization, corporate direction, product/market focus, intensity of competition, and intention versus realization. Tests of a winning strategy ensure good fit with the external environment and internal resources, provide competitive advantage, improve performance, have coherence between values and actions, are distinctive from competitors, and are sustainable long-term.
Corporate level strategies are basically about the choice of direction that a firm adopts in order to achieve its objectives.
Corporate strategy is essentially a blueprint for the growth of the firm.
The corporate strategy sets the overall direction for the organization to follow.
It also spells out the extent, pace and timing of the firm’s growth.
Generic corporate (growth) strategic alternativesMaha H
This document outlines various generic corporate growth strategies including concentration, vertical integration, diversification, mergers, acquisitions, alliances, and joint ventures. It defines each strategy and provides examples. Concentration strategies focus on a single product/service and can include market development, product development, or horizontal integration. Vertical integration refers to control of suppliers or distributors. Diversification is unrelated or related expansion. Mergers combine two companies while acquisitions involve one company purchasing another. Alliances and joint ventures pool resources between companies.
The document discusses business-level strategy and competitive advantage. It explains that companies must decide on customer needs, customer groups, and distinctive competencies to develop a successful business model. This determines which strategies are formulated to differentiate products, price products, segment markets, and develop product ranges. There are four generic business-level strategies - cost leadership, focused cost leadership, differentiation, and focused differentiation - that create competitive positions. Maintaining a strong competitive position requires analyzing strategic groups and continually improving the business model in response to industry changes.
Mr. Anand discusses various corporate level strategies including stability, expansion, and retrenchment strategies. He defines each strategy and provides examples. Stability strategy involves maintaining the current level of operations while incremental growth. Expansion strategy seeks significant growth through entering new related or unrelated businesses or markets. Retrenchment reduces or exits some businesses. Mr. Anand also covers types of expansion strategies such as market penetration, product development, and diversification. Diversification can be vertical into related industries, horizontal into unrelated industries, or conglomerate entering totally new industries. The document provides an overview of corporate level strategies and their characteristics.
Joby Harte specializes in embodying fictional and historical characters using and altering their voice and appearance, as well as their facial expressions and body language.
This document provides an overview of marketing strategy and planning. It defines strategy and strategic planning, and discusses the differences between strategic and tactical marketing planning. It also outlines the key components of the strategic planning process, including developing a mission statement, conducting environmental analyses, creating objectives and strategies, and developing budgets and short-term plans. Analytical frameworks for strategic analysis like Porter's Five Forces and Ansoff's Product-Market Grid are also summarized.
Support presentation to the SPIN-UP Training Programme on Entrepreneurial Skills for University Spin-Offs.
SPIN-UP is a cooperation project supported by the European Commission that aims to create an Entrepreneurship Training and Coaching Programme that contributes to the development of Key Entrepreneurial Skills, both technical and behavioural, essential to enable and leverage University Spin-Offs growth.
Download and have access to other training materials in www.spin-up.eu
This document outlines the objectives and contents of a training module on strategy for growth. The module aims to help managers of university spin-offs improve their abilities to plan for business growth. It will cover understanding the fundamentals of strategic management, identifying strategic possibilities from the business environment, and managing a firm's growth. Specific topics that will be addressed include strategic terminology, different perspectives on competitiveness, analyzing strategic options, and principles of discovery-driven growth. The training seeks to provide trainees with a basic understanding of strategy planning rather than making them experts in financial matters by appealing to their common sense and experience.
The document provides an overview of strategic planning including the five tasks of strategic planning: forming a vision, setting objectives, crafting a strategy, implementing the strategy, and evaluating performance. It discusses factors that shape strategy choices, three tests for the best strategy (performance, competitive advantage, and fit), and analyzing industry environment to design competitive strategy using Porter's five forces model. It also outlines considerations for strategy implementation and execution.
The document discusses strategic management and strategy. It defines strategy as management's action plan for growing the business, attracting customers, competing successfully, and achieving performance goals. A good strategy answers the questions of where the company needs to go and how it will get there. An effective strategy pursues competitive advantages like low costs, differentiation, niche focus, or unique capabilities. It also discusses how strategies evolve over time in response to changes. A strong strategy is connected to a viable business model where revenues exceed costs.
The document discusses key marketing concepts from Chapter 2 of Marketing Management by Philip Kotler including:
1. Tactical marketing plans specify marketing tactics at an operational level while strategic plans define long-term objectives and strategies.
2. Corporate culture refers to the shared experiences, beliefs and norms of an organization.
3. Customer experience considers all customer interactions with a company.
4. Platform innovation uses common components to create derivative products and services.
5. Environmental threats are external factors that could negatively impact demand like new competitors or technology changes.
The document outlines the strategic planning process for marketing. It discusses 7 key steps:
1. Defining the organizational mission and purpose.
2. Establishing strategic business units (SBUs) with separate missions, markets, and strategies.
3. Setting specific marketing objectives for each SBU both quantitatively and qualitatively.
4. Performing a SWOT analysis to assess internal strengths/weaknesses and external opportunities/threats.
5. Developing marketing strategies for each SBU using frameworks like the Boston Matrix, Product/Market Grid, GE Business Screen, and Porter's Generic Strategies.
6. Implementing tactical plans that specify short-term actions to achieve strategic
The document discusses various aspects of strategic innovation including strategy, new business models, new markets, value creation for customers and companies, dimensions of strategic innovation, aspects of innovation like market impact, market opportunity, and market dynamics. It also talks about new product development process, factors for new product success, types of new products, and examples of innovation platforms from companies like Apple and DSM. The document provides an overview of key concepts in strategic innovation, new product development, and types of innovation.
The document discusses strategic innovation and new product development. It outlines the key aspects of strategic innovation including new business models, new markets, and increased value for customers and companies. It also discusses the dimensions and features of strategic innovation.
The document then covers various aspects of new product development including identifying market opportunities and dynamics, developing marketing strategies, product testing, and commercialization. It provides examples of innovation platforms from companies like Apple and DSM. Finally, it discusses the process of new product development from strategy to commercialization.
The document discusses various corporate level strategies including stability, growth, retrenchment, and combination strategies. It describes stability strategies as maintaining the present course when there is no threat. Growth strategies include expanding market share through internal routes like diversification or external routes like mergers. Retrenchment strategies involve downsizing through divestment, liquidation or turnaround. A combination strategy example provided integrates stability, expansion and retrenchment elements. The document also discusses Porter's generic strategies of cost leadership, differentiation and focus as well as Miles and Snow's prospector, defender and analyzer adaptation models and the product life cycle model.
Marketing Plan
[Product Name] Marketing Plan[Product Name]Marketing Plan
BU 220: Principles of Marketing
Herzing University
Professor Name
Your Name
Date
Executive Summary
Provides an overview of the entire Marketing Plan
Part I: Situational Analysis
Internal Analysis
-Company History
-Market Data from your research about the company
· Other pertinent information
Market Description
-Competitor’s Analysis:
Provide an overview of product competitors such as-Competitor A
Competitors’ strengths
Competitors’ weaknesses’
Market Share
Current Marketing StrategyCompetitor B
Competitors’ strengths
Competitors’ weaknesses
Market Share
Current Marketing Strategy
Current Marketing Mix
-Description/Situation for the Existing Mix
-Review the current market mix, which can include:
Product- Describe the product or service being marketed.
Place (Distribution)
Pricing (Costs to the Company to Produce as well)
Promotions
The Organization’s SWOTT Analysis
Internal:
Strengths
Weaknesses
External:
Opportunities
Threats
Trends
Part II: Market Analysis
Objectives and Issues
Provide at least 2 objectives that are specific as well as measurable.
Marketing Strategy
Branding
Explain how the product will be branded, what branding strategy will be used?
Positioning
Distinctly define the product in its market and against its competition over time.
Position each competitor’s product against the new product.
Consumer Promise-Summarize the benefit of the product or service to the consumer.
Target Market ( Market Segmentation).Messaging by Audience-
List marketing messages for different audiences.Targeted Consumer Demographics-
List the demographics for the targeted consumer groups.
Part III: NEW Proposed Marketing Mix for your New Shoes Company
This should be based on the decisions that you have made throughout the New Shoes simulation. Provide a description and explain the situation based on the New Shoes simulation
Product
-Describe the product -Product Packaging
Discuss:
Form-factor, pricing, look, and strategy.
Fulfillment issues for items not shipped directly with the product.
Please explain what changes you would like to make to the current product and/or the product line. Will a new product be added? If not, will you change any features/benefits/packaging/labeling? What other changes will be made to differentiate from competitors?
Price
Please explain the NEW pricing strategy (if any) and justify why the pricing strategy changed. Be specific on what the new prices are going to be. Summarize specific pricing or pricing strategies, and compare to similar products. Summarize policies relevant to understanding key pricing issues.
Place
Please describe the new distribution strategy and explain the rationale. (ie- planning to sell online because you do not currently have online presence and the biggest competitor does, opening in more retail locations, etc.) You do not need to change the distribution strategy if it is currently working. D.
The Competitive Intelligence Continuum - Taking Wisconsin to the WorldArik Johnson
The document discusses competitive intelligence and provides an overview of key concepts and processes. It defines competitive intelligence as a disciplined process of information collection and analysis to support better decision-making. It discusses trends like organizational acculturation and disruptive innovation. The document also outlines traditional competitive intelligence processes like identifying key intelligence topics, primary and secondary research, analysis techniques like SWOT and benchmarking, and how competitive intelligence supports strategic planning.
The document summarizes different types of functional strategies that support corporate and business unit objectives. It discusses marketing, research and development, human resource management, financial, and information management strategies. The strategies focus on maximizing productivity of resources within each functional area to provide competitive advantages.
This document discusses the importance of strategy and provides an overview of key strategic concepts. It defines strategy as a company's "game plan" to attract customers, compete successfully, and achieve objectives. A good strategy fits the company's situation, provides competitive advantage, and boosts performance. Crafting and executing strategy are core management functions because they shape the company's direction and impact its long-term success.
The document provides an overview of strategic management concepts including defining strategy, developing strategic vision and objectives, and the process of crafting and executing strategy. It discusses setting a strategic vision to guide a company's future direction, setting objectives to quantify and measure performance, and the multi-phase process of developing, implementing, and adjusting strategy over time. Examples are given of various companies' strategic visions and objectives.
Chapter 2 Developing Marketing Strategies and PlansNishant Agrawal
This document discusses key concepts in developing marketing strategies and plans. It covers value delivery processes, the value chain, core business processes, core competencies, holistic marketing, marketing plans, levels of marketing plans, corporate headquarters planning activities including defining mission and assessing growth opportunities, strategic business units, Porter's generic strategies, and categories of marketing alliances. The document provides definitions and explanations of these marketing concepts.
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Dyon tucker - business strategic planning
1. Business Strategic
Planning
Understand Strategy and
how it differs from plans, and
tactics
Look at models of strategy
development
Understand the process of
strategy development
Product Life Cycle and
Generic Strategies
2. Functions of Planning
1) Identifying future opportunities
2) Identifying and avoiding future
problems
3) Developing courses of action
4) Understanding the risks and
uncertainties associated with
various options
3. Strategy
The major courses of action that
an organization should take to
achieve its goals
Plans-deal more with actions that
should be taken
Tactics-specific moves
4. Intended and Realized
Strategies
Intended-Plans that managers
develop
Realized-What actions actually
occur
Unrealized-Plans that never occur
Emergent Strategy-Unplanned
actions that occur
6. SWOT Analysis
Internal
Strengths and Weaknesses
External
Opportunities and Threats in the
business environment
7. Core Competencies
Strengths that make an
organization distinctive from
competitors
Groups of sustainable competitive
advantages
8. External-O’s and T’s
Porter’s Five Forces Model-P94
Threat of New Entrants
Supplier Bargaining Power
Customer Bargaining Power
Substitute Goods or Services
Rivalry of Existing Firms
9. Product Life Cycle
Market phases that products
usually go through during their
lifetimes
Introduction
Growth
Maturity
Decline
Termination
10. Basic Product Life Cycle
Model
Adapted from Figure 7.4
Introduction Growth Maturity Decline Termination
Biogenetics
Electric cars
Cellular
phones
PCs
Software
Autos
Airlines
Breakfast
cereals
Black
and white
TV
Cigarettes
Slide rule
Drive-ins
High
Low
Sales
Volume
Time
7.10
11. Diversification
The variety of goods or services
provided by the firm
Focused Strategy
Dominant Business
Related Diversification
Unrelated Diversification
12. The Risks and Opportunities of
Diversification
Identifying the Risks and Opportunities of Diversification
What can we do better than any of our competitors if we enter a
new market?
What strategic assets are needed to succeed in the new market?
Are there synergies to be realized?
Will we be simply a player
in the new market or will
we emerge a winner?
What can we learn by diversifying, and are we sufficiently
organized to learn it?
13. Level of Diversification and
Planning
Scopeofstrategicplanning
Dick Clark
Productions
Southwest Airlines
Cemex
GE
Dominant-
business
firm
Single-
business
firm
Related-
business
firm
Unrelated-
businesses
firm
Broad
Narrow
HighLow
Level of
diversification
ABB
16. Related Diversification
A variety of similar goods or
services
Concentric Growth Strategy
Synergies are realized
Examples
GM
Microsoft
Honda
17. Unrelated Diversification
Provide diverse products to
different markets
Conglomerate Growth Strategy
Examples
GE
ABB
Mitsubuishi
19. Strategic Business Unit
SBU-a division or subsidiary of a
firm that operates relatively
independently
Examples
pizza hut, taco bell, kfc
IBM computers, mainframes,
financial
other examples??
20. Growth Strategies
Think of facing the ultimate
customer
Forward Integration-when a firm
buys its customers
Backward Integration-when a firm
buys its suppliers
Horizontal Integration-when a firm
buys its competitors
21. Growth Strategies (cont)
Market Penetration-development of
current markets with current
products
Market Development-seeking new
markets for current products
Product Development-new or
improved products for the current
market
25. Application of the Generic Strategies
Model
Feature
Company ExamplesBusiness-Level
Strategy
Differentiation Premium Quality
Brand image
Technological
leadership
Customer service
Lexus - autos
Compaq - PCs
Gillette - razors
Maytag - appliances
Nike - shoes
26. Application of the Generic Strategies Model
(contd.)
Feature Company Examples
Business-Level
Strategy
Cost leadership Tight cost controls
Efficient scale of
facilities
Efficient service,
sales force, and
advertising
Competitive pricing
Feature
Discount Tires - tire
replacement
Motel 6 - travel
accommodations
Wal-Mart - retailing
UPS - package delivery
27. Feature Company Examples
Business-Level
Strategy
Focus Careful identification
of target market (niche)
Cost leadership
emphasis or
differentiation emphasis
Constant review of
customer demand in
niche
Nieman Marcus - elite
retailing
Dick Clark Productions
Polo - clothing
Rolex - watches
Application of the Generic Strategies Model
(contd.)