Learning Goals
1. Explain strategic planning
2. Describe business portfolios and growth
strategies
3. Detail marketings role in strategic planning
4. Describe elements of customer-driven marketing
strategy
5. List the marketing management functions
6. Describe the goal of market analysis.
7. Enumerate and classify the different dimensions
of market analysis.
8. Discuss the dimensions of market analysis and
relate them to an organization.
9. Discuss situational analysis for an organization.
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Part 1: What is
Strategic Planning?
Strategic Planning Defined:
The process of developing and
maintaining a strategic fit
between the organizations
goals and capabilities and its
changing marketing
opportunities
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Marketing
Market-Oriented
Mission
Management
A mission
statement
asks..
What is our
business?
Who is the
customer?
What do
consumers
value?
What should our
business be?
A mission statement
should be:
An invisible hand
Neither too narrow
nor too broad
Fitting of market
environment
Based on distinctive
competencies
Motivating
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SBU as a
Unit/Department
Company ABC
SBU
Marketing
SBU
Account/Financ
e
SBU
Production
SBU
HR
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SBU can be
PRODUCTS
PRODUCTION
DEPARTMENT
Product
A
Product
B
Product
C
Product
D
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The Business
Portfolio
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The
The Boston
Boston Consulting
Consulting Group
Group Approach
Approach
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11
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12
Analyzing
Analyzing Current
Current SBUs:
SBUs:
Boston
Boston Consulting
Consulting Group
Group Approach
Approach
Low
High
Cash
CashCows
Cows
Low
Lowgrowth,
growth,high
highshare
share
Established,
Established,successful
successful
SBUs
SBUs
Produces
Producescash
cash
Low
Question
QuestionMarks
Marks
High
Highgrowth,
growth,low
lowshare
share
Build
into
Stars/
phase
Build into Stars/ phaseout
out
Requires
cash
to
hold
Requires cash to hold
market
marketshare
share
Dogs
Dogs
Low
Lowgrowth
growth&&share
share
Low
profit
potential
Low profit potential
Analyzing
the
Current
Marketing
Business Portfolio
Management
Build
Increase market
share
Works well for
question marks
Hold
Preserve market
share
Good for cash
cow
Harvest
Increases shortterm cash flow
Good for weak
cash cows,
question marks
and dogs
Divest
Sell or liquidate
Good for dogs
and question
marks
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Part 2
SWOT ANALYSIS
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Marketings Role
in Strategic Planning
Provide a guiding philosophy
Identify attractive opportunities
Design effective strategies
Build strong value chains
Form superior value delivery
networks
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Situational
Situational Analysis
Analysis and
and Marketing
Marketing
Planning
Planning
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16
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17
Situational
Situational Analysis
Analysis and
and Marketing
Marketing
Planning
Planning
Situational Analysis
(SWOT Analysis)
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19
Goal
Goal of
of Market
Market Analysis
Analysis
To determine the attractiveness of a market and to
understand its evolving opportunities and threats as
they relate to the strengths and weaknesses of the
firm.
Dimensions
Dimensions of
of Market
Market Analysis
Analysis
Market size (current and future)
Market growth rate
Market trends
Competitors analysis
Key success factors
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20
Competitor
Competitor Analysis
Analysis
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21
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22
Market
Market Size
Size
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23
Market
Market Growth
Growth Rate
Rate
A simple means of forecasting the market growth rate is to
extrapolate (infer or estimate) historical data into the future.
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24
Market
Market Trends
Trends
Marketing Strategy
Strategy
1. Market
Segmentation
2. Target
marketing
3. Market
Positioning
Customers
grouped by:
Geographic
Demographic
Psychographic
Behavioral
Market segment is
a groups of
consumers who
respond in similar
ways to marketing
efforts.
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Marketing Strategy
Strategy
1. Market
Segmentation
2. Target
marketing
3. Market
Positioning
Evaluation of each
segments
attractiveness
Selection of
segments with
greatest long-term
profitability
A company can
choose one or
several segments to
target
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Marketing Strategy
Strategy
1. Market
Segmentation
2. Target
marketing
3. Market
Positioning
Marketing Planning
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Managing the
Marketing Effort
Marketing Functions Finding
opportunities
Analysis
Planning
Implementation
Control
Avoiding threats
Understanding
strengths
Analyzing
weaknesses
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Managing the
Marketing Effort
Marketing FunctionsMarketing plans
include:
Analysis
Planning
Implementation
Control
Executive summary
Analysis of current
situation
Objectives
Targets and
positioning
Marketing mix
Budget
Controls
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Managing the
Marketing Effort
Marketing Functions
Plans are turned
Analysis
Planning
Implementation
Good
Control
implementation
is a challenge
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Managing the
Marketing Effort
Marketing Functions
Evaluation of the
results of
marketing
strategies
Analysis
Planning
Implementation
Checks for
Control
differences
between goals
and performance
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Marketing Mix
The marketing mix includes
controllable and tactical
marketing tools knows as the
4Ps
The 4Ps include
Product
Place
Promotion
Price
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Measuring
Effectiveness
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Key
Key Success
Success Factors
Factors
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35
The End
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