Marketing Planning and Control MK3001 By, Dr. Yuvaraj

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Presentation transcript:

Marketing Planning and Control MK3001 By, Dr. Yuvaraj Year 3 BBA (MK) Week 2 Lecture Hour

Tools to complete the business/ market analysis Porter’s 5 Forces Framework MOST analysis Resource Audit Boston Box Ansoff’s Matrix Mc.Kensey’s 7-S Model The 4 view model CSFs and KPIs SWOT or TOWS analysis PESTLIED Tools to complete the business/ market analysis Dr. Yuvaraj

Porter’s 5 forces framework 1 Industry Competitors New entrants Substitutes Buyers Suppliers Porter’s 5 forces framework Dr. Yuvaraj

Porter’s 5 forces framework Dr. Yuvaraj

2 Mission Objectives Strategy Tactics Most Analysis Dr. Yuvaraj

3 Resource Audit Financial resources Physical resources Human resources-Skills, Knowledge, Communication and Motivation Reputation Know-How Resource Audit Dr. Yuvaraj

Resource Audit Dr. Yuvaraj

4 Star Cash cow Wild cat or Problem child Dog Boston Box Dr. Yuvaraj

Boston Box Dr. Yuvaraj

Boston Box Dr. Yuvaraj

5 Ansoff’s Matrix Market penetration Market development Product development Diversification Ansoff’s Matrix Dr. Yuvaraj

Ansoff’s Matrix Dr. Yuvaraj

6 Mc.Kensey's 7 S model Strategy Structure Systems Skills Style Shared values staff Mc.Kensey's 7 S model Dr. Yuvaraj

7 Organisation Technology People processes Four view model Dr. Yuvaraj

8 CSFs and KPIs Critical success factors Key performance indicators Dr. Yuvaraj

9 Strengths Weaknesses Opportunities Threats SWOT analysis Dr. Yuvaraj

10 PESTLIED PEST - Political, Economic, Socio-Cultural, Technological PESTLE - PEST+ Environmental and Legal STEEPLE – PESTLE + Ethical PESTLIED – STEEPLE + Demographic and International PESTLIED Dr. Yuvaraj

PESTLIED Political factors Economic factors Socio-cultural factors Technological factors Legal factors International factors Ecological factors Demographic factors PESTLIED Dr. Yuvaraj

Porter’s 5 forces framework 1 Industry Competitors New entrants Substitutes Buyers Suppliers Porter’s 5 forces framework Dr. Yuvaraj

Porter’s five force model on Coca Cola Industry Competitors:  High Pressure Currently, the main competitor is Pepsi which also has a wide range of beverage products under its brand. Both Coca-Cola and Pepsi are the predominant carbonated beverages and committed heavily to sponsoring outdoor events and activities. There are other soda brands in the market that become popular, like Dr. Pepper, because of their unique flavors. These other brands have failed to reach the success that Pepsi or Coke have enjoyed. New Entrants: Medium Pressure Entry barriers are relatively low for the beverage industry: there is no consumer switching cost and zero capital requirement. There is an increasing amount of new brands appearing in the market with similar prices than Coke products Coca-Cola is seen not only as a beverage but also as a brand. It has held a very significant market share for a long time and loyal customers are not very likely to try a new brand. Substitutes: Medium to High pressure There are many kinds of energy drink s/soda/juice products in the market. Coca-Cola doesn’t really have an entirely unique flavor. In a blind taste test, people can’t tell the difference between Coca-Cola and Pepsi. Porter’s five force model on Coca Cola Dr. Yuvaraj

Porter’s five force model on Coca Cola The Bargaining Power of Suppliers: Low pressure The main ingredients for soft drink include carbonated water, phosphoric acid, sweetener, and caffeine. The suppliers are not concentrated or differentiated. Coca-Cola is likely a large, or the largest customer of any of these suppliers. The Bargaining Power of Buyers: Low pressure The individual buyer no pressure on Coca-Cola Large retailers, like Wal-Mart, have bargaining power because of the large order quantity, but the bargaining power is lessened because of the end consumer brand loyalty. Porter’s five force model on Coca Cola Dr. Yuvaraj

Questions? Dr. Yuvaraj