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3. Strategic planning
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Plan to Win Since plan to win, sales increased 87%, profit nearly 4 times, stock price tripled. , annual return to investors 12.7% vs. Standard & poor’s average 2.9% Shan-Yu Chou
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Design portfolio strategies
outline Strategic planning Design portfolio strategies The marketing process The marketing plan Shan-Yu Chou
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What is Strategic Planning?
“The process of developing and maintaining a strategic fit between the organization’s goals and capabilities and its changing marketing opportunities.” Strategic Planning Shan-Yu Chou
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Four Steps of Strategic Planning
Defining the purpose and mission Setting objectives and goals Designing the business portfolio Developing detailed marketing and departmental plans Strategic Planning Shan-Yu Chou
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Defining a Market-Oriented Mission
Shan-Yu Chou
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Design portfolio strategies
Portfolio Design Analyze the current business portfolio BCG matrix Shape the future business portfolio Product-market matrix Design portfolio strategies Shan-Yu Chou
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Figure 2-2: Growth-Share Matrix
Design portfolio strategies Shan-Yu Chou
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The Future Role of Each SBU
Build Hold Harvest Divest It can harvest the SBU, milking its short-term cash. It can invest more in the business unit. It can just enough to share at the current level It can divest the SBU by selling it or phasing it out and using the resources elsewhere. Design portfolio strategies Shan-Yu Chou
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Figure 2-3: Product / Market Expansion Grid
Design portfolio strategies Shan-Yu Chou
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Design portfolio strategies
Planning Marketing Marketers must practice Customer Relationship Management (CRM) and Partner Relationship Management. Design portfolio strategies Shan-Yu Chou
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Marketing Process Analyzing marketing opportunities;
Researching and Selecting target markets; Designing marketing strategies; Planning marketing programs; Implementing and Controlling. The Marketing Process Shan-Yu Chou
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SWOT Analysis The marketer should conduct a SWOT analysis ,by which it evaluates the company’s overall strengths (S), weaknesses (W), opportunities (O), and threats (T). Shan-Yu Chou
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The Value-Delivery Process
(a) Traditional physical process sequence Sell the product Make the product Procure Design product Make Price Sell Advertise/ promote Distribute Service (b) Value creation & delivery sequence Choose the Value Provide the Value Communicate the Value Strategic marketing Tactical marketing The Marketing Process Shan-Yu Chou
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Designing Customer-Driven Marketing Strategies
區隔市場 Market Segmentation 選擇目標市場 Market Targeting 市場定位 Market Positioning 15 Shan-Yu Chou
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Positioning Shan-Yu Chou
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Positioning changes with economic environment
Example: Target Shan-Yu Chou
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The Marketing Plan The Marketing Plan Shan-Yu Chou
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MANAGING MARKETING STRATEGY and MARKETING MIX
Competitors Marketing intermediaries Publics Suppliers information system planning organization organization and implementation Product Promotion Place Price Target customers Demographic/ economic environment Social/ cultural Technical/ physical Political/ legal The Marketing Plan Shan-Yu Chou
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