This document discusses several marketing gurus and the concepts they developed, including Igor Ansoff and his product-market growth matrix and Ansoff's matrix, Theodore Levitt and his product life cycle concept and management, and Albert Humphrey and his SWOT analysis technique. It also covers the BCG growth-share matrix developed by Bruce Henderson of Boston Consulting Group. The gurus and concepts discussed provide analytical tools for areas like brand marketing, product management, strategic management, and portfolio analysis.
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The PDF is a teaching aid for the course of Marketing Management. In specific, it covers two important topics - Product Life Cycle, & New Product Development. Describes the Stages of PLC: 1. Product Development, 2. Introduction, 3. Growth, 4. Maturity, 5. Decline. Explores the relationship between PLC and the BCG Matrix.
presentation for MBA Students to explain the characteristics of different stages of Product Life Cycle and the marketing strategies used according to that.
A Descriptive PPT about "Product Life Cycle" covering all points,stages and examples of it. Also describes the diagram properly for a good presentation.
Note: Edit and Changes you can do as per your assigned task.
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
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Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
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Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
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2. Peter Drucker Philip Kotler
Igor AnsoffTheodore Levitt
Tom Peters
Jagdish Sheth
C K Prahlad
The Gurus of Strategy
Kevin Keller
Albert
Humphrey
3. The Father of Strategic Management
Igor Ansoff
Developed
Product-Market Growth Matrix
a tool he created to plot generic strategies
for growing a business via existing or new
products, in existing or new markets.
5. Consolidate current market position by
focusing attention and Initiating
marketing activities in the area of
competitive advantage
The strategy choice
Igor Ansoff
6. Build on existing knowledge to explore
new opportunities.
Invest in R & D, modifications, etc.
Example: Unilevers 3 in 1 dishwasher tablet to
replace salt, detergent & rinse agents
The strategy choice
Igor Ansoff
7. Extend current products to new markets,
new sales areas, segments, Uses.
Consider export or licensing.
Example : McDonalds spreading across the world
Igor Ansoff
The strategy choice
8. Horizontal diversification activities that are
complimentary to the company’s existing
activities.
Vertical diversification. Downward
integration leading to preceding
Stage of production & upward to the
succeeding stage of production
Conglomerate diversification where there
is no relation to the current business
activities.
The strategy choice
Igor Ansoff
9. Boston Consultancy Group
Created by Bruce Henderson
Used as an analytical tool in brand
marketing, product management, strategic
management and portfolio analysis.
Growth
Share
Matrix
11. High growth / high share
The ‘stars’ generate good income
although they consume heavy
resources.
Need to be supported as they have
the potential to become future ‘cash
cows’.
Eg. Chronic segment
The BCG Matrix
12. The BCG Matrix
Low growth / High share
These are called ‘cash cows’ which generate
more revenues than they consume.
Surplus revenues can be used to launch new
products and support them .
Eg. Unienzyme
13. High growth / low share
The problem kids consume lots of
energy but the return is meagre.
Need to be supported since they hold
promise of better future – Influenza
vaccine
The BCG Matrix
14. The BCG Matrix
Low growth / low share
The dogs are products with low share
and low market growth potential.
They tend to become loss makers in
future – Parenteral iron
15. The poet laureate of Marketing Academy
Known for the concept
‘Marketing Myopia’ & ‘Globalization’
He was the first guru to present his thoughts
on PLC management from its birth till
retirement
Theodore Levitt
17. Product life Cycle concept & Management
Introduction stage
The demand needs to be ‘created’
Product needs to gain a foot hold in
the market Sales are slow & creepy.
Competition is limited
Theodore Levitt
18. Growth stage
Product acceptance gains ground
Sales start rising rapidly
Competitors enter the market
Product differentiation needs to be
established
Marketing efforts are stepped up
Product life Cycle concept & Management
Theodore Levitt
19. Maturity stage
Peak volumes are reached
Sales growth stagnates
Market gets saturated
Price competition intensifies
Profits are all time high
Customer services need to be stepped up
Product life Cycle concept & Management
Theodore Levitt
20. Decline stage
Product gets irrelevant at the market
place
Sales start dipping
Profits start declining
Innovation is required
Eg. New drug delivery systems
Need to look at possibilities of brand
extension
Product life Cycle concept & Management
Theodore Levitt
24. Mr Humph of Stanford Research Institute
Known for his contribution to
‘SWOT analysis’ & ‘Stake holders concept’
SWOT is technique used to evaluate internal &
external factors involved in a project, venture
or product
Albert Humphrey
26. What are we good at
and are doing well
Product quality
Profitable margins
Strong sales force
Powerful marketing
Wide distribution
Backward integration
Albert Humphrey
27. What are we not good at
and are not doing well
Poor product quality
Poor margins
Weak sales force
Sluggish marketing
Limited distribution
Inadequate backward integration
Albert Humphrey
28. Favorable events & trends
Market growth
Economic boost
Positive customer trend
Moderate competition
Scope to expand
Albert Humphrey
29. ThreatsUnfavorable events & trends
Market saturation
Economic meltdown
Negative customer response
Stiff competition
Government obstacles
Poor raw material availability
Albert Humphrey