NPM : 0114104013
Class : Akuntansi D Reg. B2
ASSIGNMENT 1
MARKETING MANAGEMENT
1. Business Mission
Every organization must have a business mission. This business mission will
determine the direction that will be directed by the organization. Business missions are not
separated from the vision and goals of the company, 3 components are interrelated in
determining the goals of the organization. Business mission is very important in an
organization to explain the goals of the organization and translate these goals into goals of
organizational activities in which the activities will continue to be evaluated in order to
achieve organizational goals.
2. SWOT Analysis
SWOT analysis is a way to observe the external and internal marketing environment.
1) External environment analysis (opportunities and threats)
The business unit must observe its major macro-environment strength and
significant micro-environmental factors, which affect its ability to earn profits.
The marketing opportunity is the area of buyers' needs and interests, whereby
the company has a high probability of satisfying those needs profitable.
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A threat analysis is an analysis of the challenges to be faced which will result
in a decrease in sales or profits.
3. Goal Formulation
After the company performs a SWOT analysis, the company can continue to develop
specific objectives for the planning period. The stage is the goal formulation.
Most business units pursue the target mix, including profitability, sales growth,
increased market share, risk content, innovation, and reputation. The business unit sets this
goal and then manages it based on that goal (management by objectives- MBO). In order for
this MBO system to work, the unit objectives must meet four criteria:
1) Goals should be arranged sequentially, ranging from the important to the least
important. For example, the main purpose of a business unit for a period is to increase
the rate of return on investment.
2) As much as possible, the goal must be quantitative. The goal of "improving the return
on investment (ROI)" is better stated as goal "increases ROI to 15% within two
years."
3) Goals must be realistic. Goals should arise and analysts the opportunities and
strengths of business units, not of expectations.
4) Goals should be consistent. Maximizing sales and profits at once is something that is
impossible.
Other important trade-offs include short-term earnings versus long-term growth, deep
penetration of existing markets versus new market developments, profit goals versus
nonprofit goals, and high growth versus low risk. Each option requires a different marketing
strategy.
4. Strategic Formulation
Goals indicate what units and businesses are trying to achieve; while strategy
(strategy) is our game plan to get there. Every business must design a strategy to achieve its
objectives, consisting of marketing strategy and compatible technology strategy and
procurement strategy.
1) Generic Strategies
three generic strategies that provide a good starting point for thinking
strategically:
Overall cost leadership. Companies that teach these strategies work hard to
achieve the lowest cost of production and distribution so they can set a
cheaper price than their competitors and win big market share.
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Difernsiasi. Businesses that concentrate on superior performance are achieved
in a way to within important customer benefits areas that are valued by most
markets.
Focus. Businesses focus on one or more narrower market segments. The
company knows this segment intimately and pursues cost leadership as well as
differentiation within the market segment.
companies that pursue the same platform and are directed to the same target market
form a strategic group. Companies that implement these strategies very well will generate the
most profit.
2) Strategic Alliances
Even large corporations can often not be leaders either nationally or globally,
without having to set up provinces with domestic or multinational companies that can
complement or upgrade their capabilities and resources.
Many strategic provinces are in the form of marketing provinces. The strategic
province is divided into four main categories:
Alliance of products or services - A company licenses other companies to
manufacture its products, or two companies work together to market a companion
product or new product.
Promotional alliance - A company agrees to run promotions for other companies'
products or services.
Logistics Alliance - A company offers logistics services for other company's
products.
Collaborative pricing - One or more companies join in a special pricing
collaboration.
5. Program Formulation
Even good marketing strategies can fail to materialize as a result of poor
implementation. If a company decides to maintain its technological leadership, it must plan a
program to strengthen its R & D department, gather technology intelligence, develop
advanced products, train engineering salespeople, and develop advertisements to
communicate technological leadership. Once the company has popularized the marketing
program, the marketing people must estimate the cost.
Today, businesses are also increasingly aware that if they do not treat other
stakeholders with their customers, employees, suppliers, distributors-they may never generate
sufficient return for shareholder
6. Implementation
In implementing the strategy, the company is expected to establish or formulate the
annual objective of the business, to think and formulate policies, to motivate employees and
to allocate resources so that the formulated strategy can be implemented.
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Implementing means moving employees and managers to put a strategy that has been
formulated into action. Implementation strategies require high performance and discipline but
are also balanced with adequate rewards.
The implementation challenge is to stimulate managers and employees through the
organization to work with pride and enthusiasm toward achieving the stated objectives.
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EXPLAIN FIVE BASIC MARKETS
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strong brand image by developing a superior product and packaging, ensuring its
availability, and backing it with engaging communications and reliable service.
2) Business Markets
Companies selling business goods and services often face well-informed
professional buyers skilled at evaluating competitive offerings. Business buyers buy
goods to make or resell a product to others at a profit. Business marketers must
demonstrate how their products will help achieve higher revenue or lower costs.
Advertising can play a role, but the sales orce, the price, and the companys reputation
may play a greater one.
3) Global Markets
Companies in the global marketplace must decide which countries to enter;
how to enter each (as an exporter, licenser, joint venture partner, contract
manufacturer, or solo manufacturer); how to adapt product and service features to
each country; how to price products in different countries; and how to design
communications for different cultures. They face different requirements for buying
and disposing of property; cultural, language, legal and political differences; and
currency fluctuations. Yet, the payoff can be huge.
4) Nonprofit and Governmental Markets
Companies selling to nonprofit organizations with limited purchasing power
such as churches, universities, charitable organizations, and government agencies
need to price carefully. Lower selling prices affect the features and quality the seller
can build into the offering. Much government purchasing calls for bids, and buyers
often focus on practical solutions and favor the lowest bid in the absence of
extenuating factors.
b. Wants (Keinginan)
Needs become wants when they are directed to specific objects that might
satisfy the need. Wants is the form of human needs that shaped by culture and
individual personality. is a strong will for specific satisfiers of those deeper needs.
Indonesians need food and want rice, Americans need food and want a hamburger. In
other societies, needs are satisfied in different ways: in eastern Indonesia (Maluku) for
example, hunger is satisfied by eating sago, Balinese satisfy their need for clothing
with distinctive clothing there, the need for reward is satisfied by wearing a pearl
necklace
c. Demands (Permintaan)
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Demands are wants for specific products backed by an ability to pay.
Demands are human wants that backed by buying power. Demand is a desire for a
specific product that is supported with the ability and willingness to buy it. Desire
turns into demand when supported by purchasing power.
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MARKET
The exchange concept brings us to the market concept. The market consists of all
potential customers who have certain needs or desires that may be willing and able to engage
in an exchange to satisfy those needs or desires.
So the size of the market depends on the number of people who have the need, having
the resources (products) that appeal to others and are willing to offer these resources in
exchange for what they want.
MARKETING MANAGEMENT
To respond to the exchange process requires a large amount of effort and skill.
Organizations have the desired level of demand for their products. At some point, there may
be no demand, enough demand, irregular demand, or too much demand, and marketing
management must find a way to address these different query situations.
Here we will use a marketing definition endorsed in 1985 by the American Marketing
Association:
(Management) marketing is the process of planning and executing the conception of
pricing, promotion and distribution of ideas, goods and services to generate exchanges that
meet individual and organizational goals.
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Decrease in Sales
Slow growth
Changes in purchasing patterns
Increased competition
Increased marketing spending