SlideShare a Scribd company logo
BUS 103
Marketing & Distribution
Management
Week 8 Discussion
REMINDER
• Experiment reflection paper due Monday Nov. 23 hard copy
• CPK Extra Credit receipts and 1-page write up
• Globalization of Markets reading notes due Wednesday Nov. 25
11:30 AM through iLearn
THE REFLECTION PAPER
One page, single space, 10 font size. Answer questions below:
1- What is your take away from caring out a market research? ( The
intuition behind the research?)
2- What are the difficulties and what could be improved?
3- How could your company implement a market research and why?
THE CPK THING
• Riverside California Pizza Kitchen at Riverside Plaza, bring Flyer
• $15 meal = 1% of total grade, you can earn up to 2% for each course.
• If you are taking two Jasso classes, you need 4 meals ($60) to earn
2% on each class.
• Keep the receipt(s), turn in at the class to Dr. Jasso
• One page write, three paragraphs on:
Reflection on the CPK customer experience
Reflection on the CPK issues (ex: governance, marketing,
strategic)
Reflection on the CPK corporation (comments to the board)
AGENDA
Continue on Marketing Plan
 Marketing Strategy
• Promotion
• Position
• Marketing Research
 Action Programs
 Budgets
 Controls
 Work Cited
Marketing Plan
Marketing Plan Requirements
Suggested Format
• Executive Summary + Financial Overview (Table 1) – 1 page
• Current Market Situation – 5 to 6 pages
• Market Description ( STP )
• Product Review (Table 2)
• Competitive Review (Table 3)
• Channels and Logistics Review
• SWOT Analysis (Table 4) – 3 to 4 pages
• Objectives and Issues – 1 page
• Marketing Strategy – 3 to 4 pages
• Action Programs – 1 page
• Budget and Controls – 1 page
• Work Cited – 1 page
Marketing Plan
Marketing Strategy
 D) Promotion Strategy
• A company’s total promotion mix – also called the marketing
communication mix
Marketing Strategy
 D) Promotion Strategy
Personal Selling
Advertising
Direct Marketing
Public Relations
Sales Promotion
Trade Promotion
Sponsorships
Product Placements
Trade Shows
Electronic
Interactions
Sales
Literature
Tele-Marketing
Personal Communication vs. Impersonal Communication
Marketing Plan
Marketing Strategy
 D) Promotion Strategy
Marketing communication mix consists of the specific blend of:
• Advertising
• Sales Promotion
• Personal Selling
• Public Relations
• Direct-Marketing
(Most common)
Marketing Plan
Marketing Strategy
 D) Promotion Strategy
Advertising
– Any paid form of non-personal presentation and promotion of goods,
ideas, or services by an identified sponsor.
e.g. Broadcast, print, Internet, mobile, social media, outdoor, etc.
Marketing Plan
Marketing Strategy
 D) Promotion Strategy
Advertising
Strengths:
• Can reach masses of geographically dispersed consumers at a low
cost per exposure
• Enables the seller to repeat a message for many times
e.g. Super Bowl commercial
Weaknesses:
• Impersonal and lacks direct persuasiveness of company sales rep
• Audience not obligated to pay attention or to respond
Marketing Plan
Marketing Strategy
 D) Promotion Strategy
Sales Promotion
– Short-term incentives to encourage the purchase of a product or
service.
e.g. Discounts, coupons, displays, demonstrations, etc.
Marketing Plan
Marketing Strategy
 D) Promotion Strategy
Sales Promotion
Strengths:
• Invites and rewards quick response.
Weaknesses:
• Not as effective as advertising or personal selling in building a long
term brand preference and customer relationships
Marketing Plan
Marketing Strategy
 D) Promotion Strategy
Personal Selling
– Personal presentation by the company’s sales force for the purpose
of making sales and customer relationships.
e.g. sales presentations, trade shows, incentive programs, etc.
Marketing Plan
Marketing Strategy
 D) Promotion Strategy
Personal Selling
Strengths:
• Most effective tool at certain stages of buying process, particularly
in building up buyers’ preferences, convictions, and actions.
Weaknesses:
• Most expensive promotional tool
(US firms spend up to three times as much on personal selling as they
do on advertising)
Marketing Plan
Marketing Strategy
 D) Promotion Strategy
Public Relations
– Building good relationships with the company’s various publics by
obtaining favorite publicity, building up a good corporate image, and
handling unfavorable rumors, scandals, or events.
e.g. Press release, sponsorships, campaign events, etc.
Marketing Plan
Marketing Strategy
 D) Promotion Strategy
Public Relations
Strengths:
• Can reach many prospects who avoid salespeople and
advertisements.
Marketing Plan
Marketing Strategy
 D) Promotion Strategy
Direct Marketing
– Direct connections with carefully targeted individual consumers to
both obtain an immediate response and cultivate long lasting customer
relationships.
e.g. mails, catalogs, direct-response TV(1-800), kiosks.
Marketing Plan
Marketing Strategy
 D) Promotion Strategy
Direct Marketing
Strengths:
• Less public, message is directed to a specific person
• Immediate and customized
• Allows dialogue between marketing team and consumer
• Building one-to-one customer relationships
Marketing Strategy
 D) Promotion Strategy
EX:
Online and mobile marketing: Starbucks has always been a leader in its ability
to reach its customer base through social media and mobile devices. Starbucks
can notify people for free via their Starbucks mobile rewards app when the
Verismo 2 is launched. Starbucks can also use its presence on Twitter,
Facebook, and Instagram to reach customers. Starbucks will also launch a
series of YouTube videos that …
In Stores: Starbucks will continue to have a display for the Verismo and Verismo
2 in stores, continuing to engage loyal customers with products that represent
the brand. The Verismo will also be shown in Costco’s and other retailers, in
order to demonstrate ease of use and sampling …
Marketing Plan
Marketing Strategy
 D) Promotion Strategy
EX:
Television: Starbucks will feature the Verismo in a series of television ads that
feature a millennial soccer mom, the ads will show her inability to get to
Starbucks due to time constraints, the ad will then cut to her getting a Verismo
from her husband for Christmas. She will then be seen driving to soccer practice
driving by a Starbucks with a smile because she has a cup of freshly brewed
Verismo latte in her cup …
Marketing Strategy
 E) Position Strategy
A Company’s Value Proposition
More for
More
More for
the Same
More for
Less
The
Same for
Less Less for
much
less
Price
Benefits
More
The Same
Less
More The Same Less
Marketing Plan
Marketing Strategy
 E) Position Strategy
EX:
The Verismo itself will be offered as a more for the same price, as the machine
not only offers Starbucks brand promise it also offers innovations and quality
unmatched by the machines that are similarly prices…
Marketing Strategy
 F) Marketing Research
How would you measure customer satisfaction?
 Marketing research is a systematic designed collection of data and
reports relevant to a specific marketing situation.
Marketing Strategy
 F) Marketing Research
5 Basic marketing research methods:
 Survey ( in-person, telephone, mail, online surveys)
 Focus Groups (a moderator uses a scripted series of questions or
topics to lead a discussion among a group of people)
 Personal Interviews (unlike focus groups, personal interview include
unstructured, open-ended questions)
 Observation
 Field Trials (Placing new product(s) in selected stores to test
customer response under real-life selling environment can help you
make product modifications, adjust prices, or improve packaging,
etc.)
Marketing Strategy
 F) Marketing Research
Who is responsible for marketing research?
Large companies: Usually have their own marketing research
departments.
Smaller companies: Marketing research is often carried out by
everyone in the company.
 Business organization normally budget marketing research at 1 to 2
percent of the company sales
Marketing Strategy
 F) Marketing Research
EX:
Starbucks ability to draw engagement of brand via social media will allow them
to follow their customer conversations via social media on details of Verismo.
Starbucks can also use the mobile rewards app to issue surveys about the
Verismo, offering a rewards star for those who participate in order to
incentivize customers. Starbucks will also have baristas in stores ask customer
whether or not they have tried the Verismo and if they know of anyone who
owns one, in order to gather information of its core customers. Starbucks can
also coordinate focus groups and personal interviews with those who have
generated the most rewards, because they customers are extremely loyal to the
brand they may offer insights that will greatly benefit the research and
development of the Verismo 2.
Action Programs
 Design a short-term (six month) action plan to achieve the stated
objectives.
EX:
Let’s say Starbucks will release Verismo 2 in July 2016…
January - Starbucks will begin market research in order to gain insight into
improvements it will incorporate into the new Verismo machine. The research
will be conducted in stores, focus groups, personal interviews, and on the
mobile rewards app.
February - Using the data that was gathered by the marketing research
Starbucks will begin the design and manufacturing process of the Verismo 2.
Starbucks will announce that the Verismo 2 is under development but will not
indicate the release date.
Action Programs
 Design a short-term (six month) action plan to achieve the stated
objectives.
March - Starbucks will air the television ad campaign featuring the Verismo.
The ad will run on major life and travel channels and also on YouTube ads. The
idea behind the campaigns will be customer engagement and excitement
towards the release of the new Verismo.
April …
May …
June …
July – Release!
Budgets
 How much are you going to spend on each marketing activity?
 How many units do you have to sell in order to break even or earn a
profit? (B/E analysis)
 Identify your FC and VC
 Simply put, the budgets would be the forecast of your sales volume
Ex:
P=$2000, VC=$500/unit, FC1=$100,000(salary), FC2=$1,400,000(TV ad)
Find Q = ? To break even or profit $1 million
(2000-500) x Q = 100,000 + 1,400,000
1,500Q = 1,500,000
Q = 1,000 (to break even)
Q = 1,666 (to profit $1M)
Controls
 What are you going to control?
• Product quality
• Brand image
• Brand awareness
• Operational effectiveness
• Customer satisfaction
• Etc.
 How?
Controls
Ex:
Starbucks will control the product quality by taking careful care during the research
and development process, by ensuring that their manufacturing process is sound,
and by creating an infrastructure that ensures the quality of each machine.
Starbucks will maintain the brand image by ensuring that the Verismo is held to the
same standards as the coffee chain is, that the quality of product is higher than its
competitors and that the customer service that is involved with returns and
warranty is at the same level of excellence as it is in store….
Last, the Work Cited page…
APA format
You can cite from the same website but different webpages as each
different source of citation.
List at least 10 quality references
THEN YOUR 15-20 PAGES MARKETING PLAN WILL BE DONE
About the Exam, we might have questions
regarding…
 Pricing
value-based, cost-based, competition-based
market skimming, market penetrating
How do they apply to your company?
 Distribution
What distribution approach does your company use?
Horizontal? Vertical?
What’s your relationship with channel partners? How to make
the channel more efficient?
 Promotion
The marketing mix of your company (5Ps)
Brand’s value proposition

More Related Content

What's hot

Marketing communication
Marketing communicationMarketing communication
Marketing communication
Abhijeet Ghadi
 
Advertising campaign planning
Advertising campaign planningAdvertising campaign planning
Advertising campaign planning
deepu2000
 
Advertising: Nature, Scope & Types
Advertising: Nature, Scope & TypesAdvertising: Nature, Scope & Types
Advertising: Nature, Scope & Types
Anubha Rastogi
 
Campaign Planning
Campaign PlanningCampaign Planning
Campaign Planning
Iksula
 
Promotional Mix
Promotional MixPromotional Mix
Promotional Mix
pilgrry
 
Chapter 22 - Managing a Holistics Marketing Organizations
Chapter 22 - Managing a Holistics Marketing OrganizationsChapter 22 - Managing a Holistics Marketing Organizations
Chapter 22 - Managing a Holistics Marketing Organizations
Dr. Ankit Kesharwani
 
Advertising, Sales Promotion, & Public Relations
Advertising, Sales Promotion, & Public RelationsAdvertising, Sales Promotion, & Public Relations
Advertising, Sales Promotion, & Public Relations
Tarun Arya
 
Advertising and Promotion
Advertising and PromotionAdvertising and Promotion
Advertising and Promotion
Fakhir Rehman
 
Advertising campaign
Advertising campaignAdvertising campaign
Advertising campaign
Ravindra Prakash Shukla
 
Promotion mix & Marketing Communication
Promotion mix & Marketing CommunicationPromotion mix & Marketing Communication
Promotion mix & Marketing Communication
Adil312
 
Promotion Mix
Promotion MixPromotion Mix
Promotion Mix
King Julian
 
322 advertising, sales promotion, & public relations
322 advertising, sales promotion, & public relations322 advertising, sales promotion, & public relations
322 advertising, sales promotion, & public relations
Vikas Dogra
 
Chapter18 - Managing Mass Communications
Chapter18 - Managing Mass CommunicationsChapter18 - Managing Mass Communications
Chapter18 - Managing Mass Communications
MARY JACQUELINE MONES, CPA, MBA
 
Advertising & Sales Promotion - IMC
Advertising & Sales Promotion - IMCAdvertising & Sales Promotion - IMC
Advertising & Sales Promotion - IMC
Judhie Setiawan
 
Chapters 17, 18 and 19: Managing Mass and Personal Communications
Chapters 17, 18 and 19: Managing Mass and Personal CommunicationsChapters 17, 18 and 19: Managing Mass and Personal Communications
Chapters 17, 18 and 19: Managing Mass and Personal Communications
May Bonifacio
 
Tourism promotion
Tourism promotionTourism promotion
Tourism promotion
Department of Education
 
Integrated Promotion Decisions
Integrated Promotion DecisionsIntegrated Promotion Decisions
Integrated Promotion Decisions
Vikram Dahiya
 
Advertising and Promotion Plan
Advertising and Promotion PlanAdvertising and Promotion Plan
Advertising and Promotion Plan
Fakhir Rehman
 
Media planning and buying
Media planning and buyingMedia planning and buying
Media planning and buying
saroj ad
 

What's hot (19)

Marketing communication
Marketing communicationMarketing communication
Marketing communication
 
Advertising campaign planning
Advertising campaign planningAdvertising campaign planning
Advertising campaign planning
 
Advertising: Nature, Scope & Types
Advertising: Nature, Scope & TypesAdvertising: Nature, Scope & Types
Advertising: Nature, Scope & Types
 
Campaign Planning
Campaign PlanningCampaign Planning
Campaign Planning
 
Promotional Mix
Promotional MixPromotional Mix
Promotional Mix
 
Chapter 22 - Managing a Holistics Marketing Organizations
Chapter 22 - Managing a Holistics Marketing OrganizationsChapter 22 - Managing a Holistics Marketing Organizations
Chapter 22 - Managing a Holistics Marketing Organizations
 
Advertising, Sales Promotion, & Public Relations
Advertising, Sales Promotion, & Public RelationsAdvertising, Sales Promotion, & Public Relations
Advertising, Sales Promotion, & Public Relations
 
Advertising and Promotion
Advertising and PromotionAdvertising and Promotion
Advertising and Promotion
 
Advertising campaign
Advertising campaignAdvertising campaign
Advertising campaign
 
Promotion mix & Marketing Communication
Promotion mix & Marketing CommunicationPromotion mix & Marketing Communication
Promotion mix & Marketing Communication
 
Promotion Mix
Promotion MixPromotion Mix
Promotion Mix
 
322 advertising, sales promotion, & public relations
322 advertising, sales promotion, & public relations322 advertising, sales promotion, & public relations
322 advertising, sales promotion, & public relations
 
Chapter18 - Managing Mass Communications
Chapter18 - Managing Mass CommunicationsChapter18 - Managing Mass Communications
Chapter18 - Managing Mass Communications
 
Advertising & Sales Promotion - IMC
Advertising & Sales Promotion - IMCAdvertising & Sales Promotion - IMC
Advertising & Sales Promotion - IMC
 
Chapters 17, 18 and 19: Managing Mass and Personal Communications
Chapters 17, 18 and 19: Managing Mass and Personal CommunicationsChapters 17, 18 and 19: Managing Mass and Personal Communications
Chapters 17, 18 and 19: Managing Mass and Personal Communications
 
Tourism promotion
Tourism promotionTourism promotion
Tourism promotion
 
Integrated Promotion Decisions
Integrated Promotion DecisionsIntegrated Promotion Decisions
Integrated Promotion Decisions
 
Advertising and Promotion Plan
Advertising and Promotion PlanAdvertising and Promotion Plan
Advertising and Promotion Plan
 
Media planning and buying
Media planning and buyingMedia planning and buying
Media planning and buying
 

Similar to UC Riverside BUS 103 TA session slides

INTEGRATED MARKET CAMPAIGNSTitleName of studen.docx
INTEGRATED MARKET CAMPAIGNSTitleName of studen.docxINTEGRATED MARKET CAMPAIGNSTitleName of studen.docx
INTEGRATED MARKET CAMPAIGNSTitleName of studen.docx
normanibarber20063
 
Sales Promotion and Case Studies on Sales Promotion.pptx
Sales Promotion and Case Studies on Sales Promotion.pptxSales Promotion and Case Studies on Sales Promotion.pptx
Sales Promotion and Case Studies on Sales Promotion.pptx
ssuserad56b1
 
Marketing Mix
Marketing MixMarketing Mix
Marketing Mix
Sheetal Wagh
 
Marketing proposal
Marketing proposalMarketing proposal
Marketing proposal
arundubey2911
 
oGIP Tier 2 - Attracting the right people
oGIP Tier 2 - Attracting the right peopleoGIP Tier 2 - Attracting the right people
oGIP Tier 2 - Attracting the right people
AIESEC
 
Selling and Marketing
Selling and Marketing Selling and Marketing
Selling and Marketing
Mihir Taylor
 
Integrated Marketing - Susan Prater, Masco Cabinetry
Integrated Marketing - Susan Prater, Masco CabinetryIntegrated Marketing - Susan Prater, Masco Cabinetry
Integrated Marketing - Susan Prater, Masco Cabinetry
Online Marketing Summit
 
MKT 265 Final Project II Guidelines and Rubric Overvi.docx
MKT 265 Final Project II Guidelines and Rubric  Overvi.docxMKT 265 Final Project II Guidelines and Rubric  Overvi.docx
MKT 265 Final Project II Guidelines and Rubric Overvi.docx
raju957290
 
Agricultural Marketing
Agricultural MarketingAgricultural Marketing
Agricultural Marketing
klhall700
 
Campaign Planning
Campaign PlanningCampaign Planning
Campaign Planning
Anubha Rastogi
 
Unit one (marketing an overview)
Unit one (marketing an overview)Unit one (marketing an overview)
Unit one (marketing an overview)
Naveen Sharma
 
Lo1 workbook marketing & pr
Lo1 workbook marketing & prLo1 workbook marketing & pr
Lo1 workbook marketing & pr
abbydowning97
 
oGIP Tier 1- Attracting the right people
oGIP Tier 1- Attracting the right peopleoGIP Tier 1- Attracting the right people
oGIP Tier 1- Attracting the right people
AIESEC
 
MARKMAG Notes for Midterms
MARKMAG Notes for MidtermsMARKMAG Notes for Midterms
MARKMAG Notes for Midterms
Samantha Abalos
 
MARKETING POWERPOINT
MARKETING POWERPOINTMARKETING POWERPOINT
MARKETING POWERPOINT
Andrew Schwartz
 
Ins & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DC
Ins & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DCIns & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DC
Ins & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DC
Washington, DC Economic Partnership
 
Generate Massively Sales with Angie Dais Marketing Strategy
Generate Massively Sales with Angie Dais Marketing StrategyGenerate Massively Sales with Angie Dais Marketing Strategy
Generate Massively Sales with Angie Dais Marketing Strategy
Angie Dais
 
cadbury project of TYBMS
cadbury project of TYBMScadbury project of TYBMS
cadbury project of TYBMS
Sameer Panja
 
Marketing prsentation
Marketing prsentationMarketing prsentation
Marketing prsentation
Navneet Shally
 
Bm wvid1
Bm wvid1Bm wvid1
Bm wvid1
Tony Puckerin
 

Similar to UC Riverside BUS 103 TA session slides (20)

INTEGRATED MARKET CAMPAIGNSTitleName of studen.docx
INTEGRATED MARKET CAMPAIGNSTitleName of studen.docxINTEGRATED MARKET CAMPAIGNSTitleName of studen.docx
INTEGRATED MARKET CAMPAIGNSTitleName of studen.docx
 
Sales Promotion and Case Studies on Sales Promotion.pptx
Sales Promotion and Case Studies on Sales Promotion.pptxSales Promotion and Case Studies on Sales Promotion.pptx
Sales Promotion and Case Studies on Sales Promotion.pptx
 
Marketing Mix
Marketing MixMarketing Mix
Marketing Mix
 
Marketing proposal
Marketing proposalMarketing proposal
Marketing proposal
 
oGIP Tier 2 - Attracting the right people
oGIP Tier 2 - Attracting the right peopleoGIP Tier 2 - Attracting the right people
oGIP Tier 2 - Attracting the right people
 
Selling and Marketing
Selling and Marketing Selling and Marketing
Selling and Marketing
 
Integrated Marketing - Susan Prater, Masco Cabinetry
Integrated Marketing - Susan Prater, Masco CabinetryIntegrated Marketing - Susan Prater, Masco Cabinetry
Integrated Marketing - Susan Prater, Masco Cabinetry
 
MKT 265 Final Project II Guidelines and Rubric Overvi.docx
MKT 265 Final Project II Guidelines and Rubric  Overvi.docxMKT 265 Final Project II Guidelines and Rubric  Overvi.docx
MKT 265 Final Project II Guidelines and Rubric Overvi.docx
 
Agricultural Marketing
Agricultural MarketingAgricultural Marketing
Agricultural Marketing
 
Campaign Planning
Campaign PlanningCampaign Planning
Campaign Planning
 
Unit one (marketing an overview)
Unit one (marketing an overview)Unit one (marketing an overview)
Unit one (marketing an overview)
 
Lo1 workbook marketing & pr
Lo1 workbook marketing & prLo1 workbook marketing & pr
Lo1 workbook marketing & pr
 
oGIP Tier 1- Attracting the right people
oGIP Tier 1- Attracting the right peopleoGIP Tier 1- Attracting the right people
oGIP Tier 1- Attracting the right people
 
MARKMAG Notes for Midterms
MARKMAG Notes for MidtermsMARKMAG Notes for Midterms
MARKMAG Notes for Midterms
 
MARKETING POWERPOINT
MARKETING POWERPOINTMARKETING POWERPOINT
MARKETING POWERPOINT
 
Ins & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DC
Ins & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DCIns & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DC
Ins & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DC
 
Generate Massively Sales with Angie Dais Marketing Strategy
Generate Massively Sales with Angie Dais Marketing StrategyGenerate Massively Sales with Angie Dais Marketing Strategy
Generate Massively Sales with Angie Dais Marketing Strategy
 
cadbury project of TYBMS
cadbury project of TYBMScadbury project of TYBMS
cadbury project of TYBMS
 
Marketing prsentation
Marketing prsentationMarketing prsentation
Marketing prsentation
 
Bm wvid1
Bm wvid1Bm wvid1
Bm wvid1
 

Recently uploaded

Skimbleshanks-The-Railway-Cat by T S Eliot
Skimbleshanks-The-Railway-Cat by T S EliotSkimbleshanks-The-Railway-Cat by T S Eliot
Skimbleshanks-The-Railway-Cat by T S Eliot
nitinpv4ai
 
How to Predict Vendor Bill Product in Odoo 17
How to Predict Vendor Bill Product in Odoo 17How to Predict Vendor Bill Product in Odoo 17
How to Predict Vendor Bill Product in Odoo 17
Celine George
 
Electric Fetus - Record Store Scavenger Hunt
Electric Fetus - Record Store Scavenger HuntElectric Fetus - Record Store Scavenger Hunt
Electric Fetus - Record Store Scavenger Hunt
RamseyBerglund
 
Geography as a Discipline Chapter 1 __ Class 11 Geography NCERT _ Class Notes...
Geography as a Discipline Chapter 1 __ Class 11 Geography NCERT _ Class Notes...Geography as a Discipline Chapter 1 __ Class 11 Geography NCERT _ Class Notes...
Geography as a Discipline Chapter 1 __ Class 11 Geography NCERT _ Class Notes...
ImMuslim
 
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...
Nguyen Thanh Tu Collection
 
A Visual Guide to 1 Samuel | A Tale of Two Hearts
A Visual Guide to 1 Samuel | A Tale of Two HeartsA Visual Guide to 1 Samuel | A Tale of Two Hearts
A Visual Guide to 1 Samuel | A Tale of Two Hearts
Steve Thomason
 
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...
EduSkills OECD
 
Oliver Asks for More by Charles Dickens (9)
Oliver Asks for More by Charles Dickens (9)Oliver Asks for More by Charles Dickens (9)
Oliver Asks for More by Charles Dickens (9)
nitinpv4ai
 
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem studentsRHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
Himanshu Rai
 
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptx
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptxBeyond Degrees - Empowering the Workforce in the Context of Skills-First.pptx
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptx
EduSkills OECD
 
The basics of sentences session 7pptx.pptx
The basics of sentences session 7pptx.pptxThe basics of sentences session 7pptx.pptx
The basics of sentences session 7pptx.pptx
heathfieldcps1
 
Mule event processing models | MuleSoft Mysore Meetup #47
Mule event processing models | MuleSoft Mysore Meetup #47Mule event processing models | MuleSoft Mysore Meetup #47
Mule event processing models | MuleSoft Mysore Meetup #47
MysoreMuleSoftMeetup
 
Wound healing PPT
Wound healing PPTWound healing PPT
Wound healing PPT
Jyoti Chand
 
MDP on air pollution of class 8 year 2024-2025
MDP on air pollution of class 8 year 2024-2025MDP on air pollution of class 8 year 2024-2025
MDP on air pollution of class 8 year 2024-2025
khuleseema60
 
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
GeorgeMilliken2
 
مصحف القراءات العشر أعد أحرف الخلاف سمير بسيوني.pdf
مصحف القراءات العشر   أعد أحرف الخلاف سمير بسيوني.pdfمصحف القراءات العشر   أعد أحرف الخلاف سمير بسيوني.pdf
مصحف القراءات العشر أعد أحرف الخلاف سمير بسيوني.pdf
سمير بسيوني
 
Jemison, MacLaughlin, and Majumder "Broadening Pathways for Editors and Authors"
Jemison, MacLaughlin, and Majumder "Broadening Pathways for Editors and Authors"Jemison, MacLaughlin, and Majumder "Broadening Pathways for Editors and Authors"
Jemison, MacLaughlin, and Majumder "Broadening Pathways for Editors and Authors"
National Information Standards Organization (NISO)
 
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptxNEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
iammrhaywood
 
BÀI TẬP DẠY THÊM TIẾNG ANH LỚP 7 CẢ NĂM FRIENDS PLUS SÁCH CHÂN TRỜI SÁNG TẠO ...
BÀI TẬP DẠY THÊM TIẾNG ANH LỚP 7 CẢ NĂM FRIENDS PLUS SÁCH CHÂN TRỜI SÁNG TẠO ...BÀI TẬP DẠY THÊM TIẾNG ANH LỚP 7 CẢ NĂM FRIENDS PLUS SÁCH CHÂN TRỜI SÁNG TẠO ...
BÀI TẬP DẠY THÊM TIẾNG ANH LỚP 7 CẢ NĂM FRIENDS PLUS SÁCH CHÂN TRỜI SÁNG TẠO ...
Nguyen Thanh Tu Collection
 
Temple of Asclepius in Thrace. Excavation results
Temple of Asclepius in Thrace. Excavation resultsTemple of Asclepius in Thrace. Excavation results
Temple of Asclepius in Thrace. Excavation results
Krassimira Luka
 

Recently uploaded (20)

Skimbleshanks-The-Railway-Cat by T S Eliot
Skimbleshanks-The-Railway-Cat by T S EliotSkimbleshanks-The-Railway-Cat by T S Eliot
Skimbleshanks-The-Railway-Cat by T S Eliot
 
How to Predict Vendor Bill Product in Odoo 17
How to Predict Vendor Bill Product in Odoo 17How to Predict Vendor Bill Product in Odoo 17
How to Predict Vendor Bill Product in Odoo 17
 
Electric Fetus - Record Store Scavenger Hunt
Electric Fetus - Record Store Scavenger HuntElectric Fetus - Record Store Scavenger Hunt
Electric Fetus - Record Store Scavenger Hunt
 
Geography as a Discipline Chapter 1 __ Class 11 Geography NCERT _ Class Notes...
Geography as a Discipline Chapter 1 __ Class 11 Geography NCERT _ Class Notes...Geography as a Discipline Chapter 1 __ Class 11 Geography NCERT _ Class Notes...
Geography as a Discipline Chapter 1 __ Class 11 Geography NCERT _ Class Notes...
 
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...
 
A Visual Guide to 1 Samuel | A Tale of Two Hearts
A Visual Guide to 1 Samuel | A Tale of Two HeartsA Visual Guide to 1 Samuel | A Tale of Two Hearts
A Visual Guide to 1 Samuel | A Tale of Two Hearts
 
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...
 
Oliver Asks for More by Charles Dickens (9)
Oliver Asks for More by Charles Dickens (9)Oliver Asks for More by Charles Dickens (9)
Oliver Asks for More by Charles Dickens (9)
 
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem studentsRHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
 
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptx
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptxBeyond Degrees - Empowering the Workforce in the Context of Skills-First.pptx
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptx
 
The basics of sentences session 7pptx.pptx
The basics of sentences session 7pptx.pptxThe basics of sentences session 7pptx.pptx
The basics of sentences session 7pptx.pptx
 
Mule event processing models | MuleSoft Mysore Meetup #47
Mule event processing models | MuleSoft Mysore Meetup #47Mule event processing models | MuleSoft Mysore Meetup #47
Mule event processing models | MuleSoft Mysore Meetup #47
 
Wound healing PPT
Wound healing PPTWound healing PPT
Wound healing PPT
 
MDP on air pollution of class 8 year 2024-2025
MDP on air pollution of class 8 year 2024-2025MDP on air pollution of class 8 year 2024-2025
MDP on air pollution of class 8 year 2024-2025
 
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
 
مصحف القراءات العشر أعد أحرف الخلاف سمير بسيوني.pdf
مصحف القراءات العشر   أعد أحرف الخلاف سمير بسيوني.pdfمصحف القراءات العشر   أعد أحرف الخلاف سمير بسيوني.pdf
مصحف القراءات العشر أعد أحرف الخلاف سمير بسيوني.pdf
 
Jemison, MacLaughlin, and Majumder "Broadening Pathways for Editors and Authors"
Jemison, MacLaughlin, and Majumder "Broadening Pathways for Editors and Authors"Jemison, MacLaughlin, and Majumder "Broadening Pathways for Editors and Authors"
Jemison, MacLaughlin, and Majumder "Broadening Pathways for Editors and Authors"
 
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptxNEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
 
BÀI TẬP DẠY THÊM TIẾNG ANH LỚP 7 CẢ NĂM FRIENDS PLUS SÁCH CHÂN TRỜI SÁNG TẠO ...
BÀI TẬP DẠY THÊM TIẾNG ANH LỚP 7 CẢ NĂM FRIENDS PLUS SÁCH CHÂN TRỜI SÁNG TẠO ...BÀI TẬP DẠY THÊM TIẾNG ANH LỚP 7 CẢ NĂM FRIENDS PLUS SÁCH CHÂN TRỜI SÁNG TẠO ...
BÀI TẬP DẠY THÊM TIẾNG ANH LỚP 7 CẢ NĂM FRIENDS PLUS SÁCH CHÂN TRỜI SÁNG TẠO ...
 
Temple of Asclepius in Thrace. Excavation results
Temple of Asclepius in Thrace. Excavation resultsTemple of Asclepius in Thrace. Excavation results
Temple of Asclepius in Thrace. Excavation results
 

UC Riverside BUS 103 TA session slides

  • 1. BUS 103 Marketing & Distribution Management Week 8 Discussion
  • 2. REMINDER • Experiment reflection paper due Monday Nov. 23 hard copy • CPK Extra Credit receipts and 1-page write up • Globalization of Markets reading notes due Wednesday Nov. 25 11:30 AM through iLearn
  • 3. THE REFLECTION PAPER One page, single space, 10 font size. Answer questions below: 1- What is your take away from caring out a market research? ( The intuition behind the research?) 2- What are the difficulties and what could be improved? 3- How could your company implement a market research and why?
  • 4. THE CPK THING • Riverside California Pizza Kitchen at Riverside Plaza, bring Flyer • $15 meal = 1% of total grade, you can earn up to 2% for each course. • If you are taking two Jasso classes, you need 4 meals ($60) to earn 2% on each class. • Keep the receipt(s), turn in at the class to Dr. Jasso • One page write, three paragraphs on: Reflection on the CPK customer experience Reflection on the CPK issues (ex: governance, marketing, strategic) Reflection on the CPK corporation (comments to the board)
  • 5. AGENDA Continue on Marketing Plan  Marketing Strategy • Promotion • Position • Marketing Research  Action Programs  Budgets  Controls  Work Cited
  • 6. Marketing Plan Marketing Plan Requirements Suggested Format • Executive Summary + Financial Overview (Table 1) – 1 page • Current Market Situation – 5 to 6 pages • Market Description ( STP ) • Product Review (Table 2) • Competitive Review (Table 3) • Channels and Logistics Review • SWOT Analysis (Table 4) – 3 to 4 pages • Objectives and Issues – 1 page • Marketing Strategy – 3 to 4 pages • Action Programs – 1 page • Budget and Controls – 1 page • Work Cited – 1 page
  • 7. Marketing Plan Marketing Strategy  D) Promotion Strategy • A company’s total promotion mix – also called the marketing communication mix
  • 8. Marketing Strategy  D) Promotion Strategy Personal Selling Advertising Direct Marketing Public Relations Sales Promotion Trade Promotion Sponsorships Product Placements Trade Shows Electronic Interactions Sales Literature Tele-Marketing Personal Communication vs. Impersonal Communication
  • 9. Marketing Plan Marketing Strategy  D) Promotion Strategy Marketing communication mix consists of the specific blend of: • Advertising • Sales Promotion • Personal Selling • Public Relations • Direct-Marketing (Most common)
  • 10. Marketing Plan Marketing Strategy  D) Promotion Strategy Advertising – Any paid form of non-personal presentation and promotion of goods, ideas, or services by an identified sponsor. e.g. Broadcast, print, Internet, mobile, social media, outdoor, etc.
  • 11. Marketing Plan Marketing Strategy  D) Promotion Strategy Advertising Strengths: • Can reach masses of geographically dispersed consumers at a low cost per exposure • Enables the seller to repeat a message for many times e.g. Super Bowl commercial Weaknesses: • Impersonal and lacks direct persuasiveness of company sales rep • Audience not obligated to pay attention or to respond
  • 12. Marketing Plan Marketing Strategy  D) Promotion Strategy Sales Promotion – Short-term incentives to encourage the purchase of a product or service. e.g. Discounts, coupons, displays, demonstrations, etc.
  • 13. Marketing Plan Marketing Strategy  D) Promotion Strategy Sales Promotion Strengths: • Invites and rewards quick response. Weaknesses: • Not as effective as advertising or personal selling in building a long term brand preference and customer relationships
  • 14. Marketing Plan Marketing Strategy  D) Promotion Strategy Personal Selling – Personal presentation by the company’s sales force for the purpose of making sales and customer relationships. e.g. sales presentations, trade shows, incentive programs, etc.
  • 15. Marketing Plan Marketing Strategy  D) Promotion Strategy Personal Selling Strengths: • Most effective tool at certain stages of buying process, particularly in building up buyers’ preferences, convictions, and actions. Weaknesses: • Most expensive promotional tool (US firms spend up to three times as much on personal selling as they do on advertising)
  • 16. Marketing Plan Marketing Strategy  D) Promotion Strategy Public Relations – Building good relationships with the company’s various publics by obtaining favorite publicity, building up a good corporate image, and handling unfavorable rumors, scandals, or events. e.g. Press release, sponsorships, campaign events, etc.
  • 17. Marketing Plan Marketing Strategy  D) Promotion Strategy Public Relations Strengths: • Can reach many prospects who avoid salespeople and advertisements.
  • 18. Marketing Plan Marketing Strategy  D) Promotion Strategy Direct Marketing – Direct connections with carefully targeted individual consumers to both obtain an immediate response and cultivate long lasting customer relationships. e.g. mails, catalogs, direct-response TV(1-800), kiosks.
  • 19. Marketing Plan Marketing Strategy  D) Promotion Strategy Direct Marketing Strengths: • Less public, message is directed to a specific person • Immediate and customized • Allows dialogue between marketing team and consumer • Building one-to-one customer relationships
  • 20. Marketing Strategy  D) Promotion Strategy EX: Online and mobile marketing: Starbucks has always been a leader in its ability to reach its customer base through social media and mobile devices. Starbucks can notify people for free via their Starbucks mobile rewards app when the Verismo 2 is launched. Starbucks can also use its presence on Twitter, Facebook, and Instagram to reach customers. Starbucks will also launch a series of YouTube videos that … In Stores: Starbucks will continue to have a display for the Verismo and Verismo 2 in stores, continuing to engage loyal customers with products that represent the brand. The Verismo will also be shown in Costco’s and other retailers, in order to demonstrate ease of use and sampling …
  • 21. Marketing Plan Marketing Strategy  D) Promotion Strategy EX: Television: Starbucks will feature the Verismo in a series of television ads that feature a millennial soccer mom, the ads will show her inability to get to Starbucks due to time constraints, the ad will then cut to her getting a Verismo from her husband for Christmas. She will then be seen driving to soccer practice driving by a Starbucks with a smile because she has a cup of freshly brewed Verismo latte in her cup …
  • 22. Marketing Strategy  E) Position Strategy A Company’s Value Proposition More for More More for the Same More for Less The Same for Less Less for much less Price Benefits More The Same Less More The Same Less
  • 23. Marketing Plan Marketing Strategy  E) Position Strategy EX: The Verismo itself will be offered as a more for the same price, as the machine not only offers Starbucks brand promise it also offers innovations and quality unmatched by the machines that are similarly prices…
  • 24. Marketing Strategy  F) Marketing Research How would you measure customer satisfaction?  Marketing research is a systematic designed collection of data and reports relevant to a specific marketing situation.
  • 25. Marketing Strategy  F) Marketing Research 5 Basic marketing research methods:  Survey ( in-person, telephone, mail, online surveys)  Focus Groups (a moderator uses a scripted series of questions or topics to lead a discussion among a group of people)  Personal Interviews (unlike focus groups, personal interview include unstructured, open-ended questions)  Observation  Field Trials (Placing new product(s) in selected stores to test customer response under real-life selling environment can help you make product modifications, adjust prices, or improve packaging, etc.)
  • 26. Marketing Strategy  F) Marketing Research Who is responsible for marketing research? Large companies: Usually have their own marketing research departments. Smaller companies: Marketing research is often carried out by everyone in the company.  Business organization normally budget marketing research at 1 to 2 percent of the company sales
  • 27. Marketing Strategy  F) Marketing Research EX: Starbucks ability to draw engagement of brand via social media will allow them to follow their customer conversations via social media on details of Verismo. Starbucks can also use the mobile rewards app to issue surveys about the Verismo, offering a rewards star for those who participate in order to incentivize customers. Starbucks will also have baristas in stores ask customer whether or not they have tried the Verismo and if they know of anyone who owns one, in order to gather information of its core customers. Starbucks can also coordinate focus groups and personal interviews with those who have generated the most rewards, because they customers are extremely loyal to the brand they may offer insights that will greatly benefit the research and development of the Verismo 2.
  • 28. Action Programs  Design a short-term (six month) action plan to achieve the stated objectives. EX: Let’s say Starbucks will release Verismo 2 in July 2016… January - Starbucks will begin market research in order to gain insight into improvements it will incorporate into the new Verismo machine. The research will be conducted in stores, focus groups, personal interviews, and on the mobile rewards app. February - Using the data that was gathered by the marketing research Starbucks will begin the design and manufacturing process of the Verismo 2. Starbucks will announce that the Verismo 2 is under development but will not indicate the release date.
  • 29. Action Programs  Design a short-term (six month) action plan to achieve the stated objectives. March - Starbucks will air the television ad campaign featuring the Verismo. The ad will run on major life and travel channels and also on YouTube ads. The idea behind the campaigns will be customer engagement and excitement towards the release of the new Verismo. April … May … June … July – Release!
  • 30. Budgets  How much are you going to spend on each marketing activity?  How many units do you have to sell in order to break even or earn a profit? (B/E analysis)  Identify your FC and VC  Simply put, the budgets would be the forecast of your sales volume Ex: P=$2000, VC=$500/unit, FC1=$100,000(salary), FC2=$1,400,000(TV ad) Find Q = ? To break even or profit $1 million (2000-500) x Q = 100,000 + 1,400,000 1,500Q = 1,500,000 Q = 1,000 (to break even) Q = 1,666 (to profit $1M)
  • 31. Controls  What are you going to control? • Product quality • Brand image • Brand awareness • Operational effectiveness • Customer satisfaction • Etc.  How?
  • 32. Controls Ex: Starbucks will control the product quality by taking careful care during the research and development process, by ensuring that their manufacturing process is sound, and by creating an infrastructure that ensures the quality of each machine. Starbucks will maintain the brand image by ensuring that the Verismo is held to the same standards as the coffee chain is, that the quality of product is higher than its competitors and that the customer service that is involved with returns and warranty is at the same level of excellence as it is in store….
  • 33. Last, the Work Cited page… APA format You can cite from the same website but different webpages as each different source of citation. List at least 10 quality references THEN YOUR 15-20 PAGES MARKETING PLAN WILL BE DONE
  • 34. About the Exam, we might have questions regarding…  Pricing value-based, cost-based, competition-based market skimming, market penetrating How do they apply to your company?  Distribution What distribution approach does your company use? Horizontal? Vertical? What’s your relationship with channel partners? How to make the channel more efficient?  Promotion The marketing mix of your company (5Ps) Brand’s value proposition