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You’re will be responsible for:
As MARKETING MANAGER You’re will be responsible for: Planning, implementing & controlling your marketing strategy Target & Position Product Place Promotion Price
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Marketing also selects media vehicles & message weights
AND determines composition of sales/distribution staff ..and allocation of their efforts by segment & Brand
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Marketing Managers become one-w/ Relationships betw
Price & demand Price & margin Promotion budget & awareness Sales budget & accessibility A/R policy & demand
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As R&D Mgr Responsible for: Product Position Age & Quality
Performance SIZE Responsible for: Product Position Age & Quality New product development High High Eight < < < Low Low One Quality Age Prdt Line
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Drift Establish product positioning to meet customer demand
Build quality & reliability (MTBF) into products Ensure age of product meets customer demands Create new products Drift
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How good are your goods…
Now Evaluate How good are your goods…
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Strategic Thinking- the ten big ideas
4. Portfolio theory- GE-(three-by-three matrix, using business strength & market attractiveness as variables). The Boston Consulting Group (BCG) introduced its two-by-two matrix-(invest in the stars, divest the dogs, milk the cows, and solve the question marks)
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Portfolio Analysis Which Brands should receive more/ less/ no investment-Based on: Product Position/ Potential Profitability/ Margins Market-Growth/Market- Share Matrix Competitive Strategy
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G.E Strategic Planning Model Business Strength Strong Average Weak
High Low Industry Attractiveness Business Strength Index Industry Attractiveness Index * Market Share * Market size * Price Competitiveness * Market Growth * Product Quality * Industry Profit Margin * Customer Knowledge * Amount of Competition * Sales Force and Effectiveness * Seasonality * Geographic Advantage * Cost Structure
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Boston Consulting Group’s Growth-Share Matrix
STARS High PROBLEM CHILD Product-Market Growth (%) CASH COWS DOGS Low 10x x x 1.5x 1x x x .1x High Relative Market Share Low
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R U Meeting Consumers’ Expectations?
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Evaluate Your Company’s Marketing Situation & Develop Your Brand Plans
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Next Big Q How good are you in making your goods…
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Buy or sell capacity of product lines
Schedule production for each line Buy or sell capacity of product lines Purchase machinery to automate our facilities Establish your workforce complement
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Current Ideal
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Right-Sizing Capacity:
FAIR SHARE ESTIMATES: 3-4 Rnds out:
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A Historical Consideration… RE: Projected Share
LOW END: 0-1 product killed repositioned or introduced TRADITIONAL: 3-6 repositioned from High…0-1 killed…1-2 introduced SIZE: 0-1 killed, 0-1 repositioned to Traditional, 1-2 introduced PERFORMANCE: 1-2 killed, 0-1 repositioned to Traditional, 0-1 introduced HIGH: 1-3 killed or repositioned to Traditional, 1-3 new products arrive in rounds 2 or 3
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Round 3- Forecast Segment Competitive Density
LOW END: 6 products=rivalry unchanged TRADITIONAL: 9 products, w/ 3 repositioned= increased competition SIZE: 7 products, w/ 2 new= increased competition PERFORMANCE: 4 products, w/ 1 new= reduced competition HIGH: 6 products, w/ 2 new= increased competition 6 4 9 6 7
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-Given Round 3 Scenario- How should adjust your production capacities?
Round 0-1st shift Capacity Round 3-Unit Demand Traditional 1800 1068 Low End 1400 2081 High End 900 668 Performance 600 823 Size 469
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Optimum Automation Levels?
Current Ideal
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Use of 2nd Shift? Current Ideal
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Should You Run 2nd shift –when Labor Costs 50% higher?
Will we make less because labor costs are 50% higher for 2nd shift? Another Q: If we double sales will we double our net margin? Answer by using your proformas: 1- On production spreadsheet build 1200 units 2-On Marketing display- FORECAST 1200 UNITS 3.-ON Proforma Income statement- note NET MARGIN – 4- On production spreadsheet build 2400 units 5-On Marketing display- FORECAST 2400 UNITS 6.-ON Proforma Income statement- note NET MARGIN –
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2nd shift gets a free ride-only has to pay labor premium…
The Big Answer 1st shift- covers all fixed costs- 2nd shift gets a free ride-only has to pay labor premium…
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Evaluate Your Company’s Production Situation & Formulate Strategies to Optimize Quality & Efficiencies
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Can I be excused my brain is full..
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