Benchmarking as a factor of an economic crisis consequences levelling V. N. Ostrovkaya Doctor of Economics, Head of Projects and Innovations Chair, North.

Slides:



Advertisements
Similar presentations
PART 04.
Advertisements

3.05 Employee Marketing-information to develop a marketing plan
Student Version.
1. 2 Chapter 1 The Nature of Marketing 3 The Marketing Concept Marketing concept The achievement of corporate goals through meeting and exceeding customer.
EVALUATING A COMPANY’S EXTERNAL ENVIRONMENT
Dr. Close. McGraw-Hill/Irwin ©2009 The McGraw-Hill Companies, All Rights Reserved Demographic Considerations  Number of potential buyers  Location of.
1 Pertemuan Kesepuluh Industry and Competition Analysis.
QUALITY FUNCTION DEPLOYMENT CHAPTER 12
1 Methodology for customer relationship management Author : Ricardo Chalmeta From : The Journal of Systems and Software (2006) Report : Yu-Juan Chiu Date.
Chapter 1 Copyright ©2012 by Cengage Learning Inc. All rights reserved 1 1 Lamb, Hair, McDaniel CHAPTER 2 Strategic Planning for Competitive Advantage.
I. Identification of Strategy (includes but not limited to SWOT) A. Firm Situation 1. General macro environment 2. Industry and Competitive analysis 
Chapter 2 Planning, Implementing, and Controlling Marketing Strategies.
Tools used by Entrepreneurs for Venture Planning
Designing Products and Processes with a Future. What does it take? Involve the customer Meet with the customer Listen to customer Educate the customer.
Quality Function Deployment
MANAGING STRATEGY INTRODUCTION TO STRATEGIC MANAGEMENT.
Developing the Marketing Channel
Slide 2-1.
SWOT: The Analysis of Strengths,
Integrating Business Strategy and R&D Strategy Frameworks for R&D Strategy Formulation.
Strategic Management the art and science of formulating, implementing and evaluating crossfunctional decisions that enable an organization to meet its.
1 Chapter 14 Exam Review. Two types: 1. Business firms – serves customers in order to earn a profit (rev > cost) 2. Not-for-profit – serves customers.
New Product Development Management NPDM 4 Mohsen SADEGHI Department of Graduate School of Management and Economics Sharif University of Technology.
Logistics and supply chain strategy planning
SYSE 802 John D. McGregor Module 6 Session 1 Systems Engineering Analyses II.
11 Catalyst Strategies Identifying and Catalyzing Growth Opportunities Locking on to Your Competitive Advantage and Market Position.
The Changing Business Environment: A Manager’s Perspective 18.
Norman, BUS 4385 Key Points: Chapter 3: Internal Analysis Understand the following key concepts: Resources, Capabilities, Core Competencies, Sustainable.
Overview of Marketing Class 23 Tuesday 11/15/11. Nature of Marketing To create value by allowing people and organizations to obtain what they need and.
1 Business and Marketing Strategies
Supply Chain Performance COSC 643 Sungchul Hong. Competitive and Supply Chain Strategies A company’s competitive strategy defines the set of customer.
CE 726 STRATEGIC CAPABILITY. ASSESSMENT OF STRATEGIC CAPABILITY.
MARKETING MANAGEMENT 12 th edition 2 Developing Marketing Strategies and Plans KotlerKeller.
INFORMATION SYSTEMS FOR MANAGEMENT. Agenda Information system project Organization analysis.
Chapter Two Implementing Strategy: The Value Chain, the Balanced Scorecard, and the Strategy Map.
Developing Competitive Advantage and Strategic Focus
2 Developing Marketing Strategies and Plans
1 Chapter 2 Instructor Shan A. Garib, Fall Market: Any place where buyers and sellers can exchange goods and services Eg. Ebay, supermarket, classroom.
Market Research & Product Management.
2 Developing Marketing Strategies and Plans
Topic 02 Developing Marketing Strategies and Plans
CUSTOMER DRIVEN MARKETING STRATEGY: CREATING VALUE FOR TARGET CUSTOMERS.
Principles of Marketing
Marketing’s Strategic Role in the Organization. The process of determining an organization’s primary objectives, allocating funds, and then initiating.
The Nature of Organisation Chapter 2, page 55. Structure of Part 1: The Nature of Organisations The concept and role of organisations Elements of an organisation.
Marketing of innovations as a key area of ​​ strategic management of modern enterprise Victoria Ostrovskaya North Caucasian State University, Stavropol,
3.05 Entrepreneurship 1 CONDUCT MARKET ANALYSIS. MARKET ANALYSIS What Is It ? An evaluation of the market for a company's goods and services. For example,
Part 2 Developing the Marketing Channel. Chapter 5 Strategy in Marketing Channels.
CLUSTERING PROJECT Oto Hudec Faculty of Economics Technical University of Košice.
Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin Chapter Two.
11-1 Strategic Cost Management Strategic Cost Management: Basic Concepts Strategic planning and decision making requires a broad set of information.
Table 1: Comparison of Management and Financial Accounting.
Business Strategy Introduction to Strategy Session 1 1.
2 Developing Marketing Strategies and Plans 1. Chapter Questions  How does marketing affect customer value?  How is strategic planning carried out at.
A Framework for Marketing Management International Edition 2 Developing Marketing Strategies and Plans 1.
1 CASE STUDY ON DEUTSCHE BANK MARKET RISK MANAGEMENT SUBMITTED BY SNEHA B. SHAH SUBMITTED TO MS. MUDRA MISTRY 1.
Part 2 Developing the Marketing Channel. Chapter 5 Strategy in Marketing Channels.
Chapter 2 Planning, Implementing, and Controlling Marketing Strategies
Developing the Marketing Channel
CHAPTER 3: STRATEGIC PLANNING.
Strategy in Marketing Channels
Benchmarking.
Implementing Strategy: The Balanced Scorecard and the Value Chain
INTRODUCTION OF PROPERTY MARKETING
Lec 3: STRATEGIC COST MANAGEMENT (SCM)
The Organizational Context
Developing the Marketing Channel
Developing the Marketing Channel
Distribution, sale, marketing
Strategic Marketing Planning
Presentation transcript:

Benchmarking as a factor of an economic crisis consequences levelling V. N. Ostrovkaya Doctor of Economics, Head of Projects and Innovations Chair, North Caucasian Federal University, Russia

Europe under the crisiss pressure Special anti- recessionary committee in the European parliament; Supervisory authorities in London, Frankfurt and Paris; Monetary and economic policies of the Member States coordination; BENCHMARKING

Competitive advantages creation Being able to collect information on various aspects of activity from other subjects of business, the businessmen need to search of the solutions which would be based on the best practice, the best methods and experience of the industry and would result in maximum efficiency. There is a need not only for carrying out marketing research (in its classical understanding), but for the philosophy and the function connected with search, identification and application of methods, leading to the maximum productivity

Competitive advantages: sources new technologies changes of structure and cost of separate elements in a technological chain of production and the sale of goods new inquiries of consumers emergence of a new market segment (niche) information and professional skills of its receiving and analysis

Temporary competitive advantages are defined: by the source of advantage low-rank advantages (cheaper labour or raw materials) can be easily achieved by competitors high-rank advantages (patent technology, the unique goods, business reputation) are possible to be kept for a longer time by quantity of obvious sources of competitive advantage available for organizations by continuous modernization of production and other kinds of activity

Benchmarking: essence conceptprocessfunction (a special kind of activity)toola way of an assessment of strategy and aims at the same time. Thus, the benchmarking is carried out for the analysis of efficiency of separate functions and processes within an organization. It allows to define more precisely the reasons of production inefficiency and to make recommendations on the solution of the revealed problems. The benchmarking finds application in all fields of activity of the enterprise – including logistics, marketing, human resource management etc

Benchmarking as a tool To optimize own activity and to create competitive advantage, it is necessary to study experience of others, to select in the course of researches working methods from practice of competitors and partner firms, in order to compare the enterprise to the leaders and to study methods of competitive potential level increase on the basis of the received experience. The essence of this approach in world practice of business is reflected in benchmarking. Now the benchmarking becomes the important tool of the analysis of a market situation and an assessment of competitive positions of the enterprise (on the basis of which strategic decisions are made).

Benchmarking and marketing activities In a competitive and integration benchmarking the competitive analysis of advantage can be applied directly as the benchmarking assumes an assessment of enterprise activities parameters during their comparison (indicators of the enterprises and products competitiveness). Thus, comparative and critical SWOT analysis represents the comparative analysis of key indicators or critical factors of success of the given enterprise and its competitors. Marketing strategy allows the enterprise to direct the resources and efforts to even bigger growth of a resultant indicator and strengthening of competitive advantage that steadily conducts to rapprochement with coupon indicators. Marketing strategy works most effectively when there is a component of corporate strategy indicating how the enterprise should find and work with consumers, possibilities and competitors in this segment of the market.

House of Quality Requirements of the client. The structured list of requirements received from statements of the client. Technical requirements. The structured set of relevant and measured parameters of a product. Planning matrix. Illustrates the perceptions of the client observed during the market research. Includes relative importance of the clients requirements, efficiency of the company and competitors in satisfaction of these requirements. Matrix of relationship. Illustrates perceptions of QFD group concerning relationship between technical and client requirements. The corresponding scale which is illustrated with use of symbols or figures is applied. Matrix of technical correlation. It is used to define whether technical requirements support or interfere with design of a product. It is a possibility for an innovation. Technical priorities, reference points and target indicators.

House of Quality

Stages of the voice of a customer tracking StageTarget Product planningCustomer requirements; Production potential; General product's characteristics; Producer's aims; A range of issues to study. Product designThe most critical parts and features of a product Process designCritical parameters of each operation and methods of control Production designProduction instructions and the means of quality and production control

Thank you for consideration