Presentation is loading. Please wait.

Presentation is loading. Please wait.

McGraw-Hill/Irwin © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved.

Similar presentations


Presentation on theme: "McGraw-Hill/Irwin © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved."— Presentation transcript:

1 McGraw-Hill/Irwin © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved.

2 Chapter Fifteen Marketing Strategy Implementation and Control
McGraw-Hill/Irwin © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved.

3 Marketing Strategy Implementation and Control
The marketing plan Implementing the plan Strategic evaluation and control Performance criteria and information needs Performance assessment and action

4 The Marketing Plan How the marketing plan guides implementation
Contents of the marketing plan Managing the planning process

5 Marketing Strategy Overview
TARGET(S) PROGRAM POSITIONING STRATEGY OBJECTIVES

6 Marketing Planning Relationships
Exhibit 15-1 Marketing Planning Relationships MARKETING STRATEGY Annual Marketing Plan Implementation Evaluation Revision Annual Marketing Plan

7 Contents of the Marketing Plan (Sonesta Hotels Example)
I Introduction II Marketing Position III The Product IV Marketplace Overview V The Competition VI Marketing Data VII Strategy by Market Segment VIII Advertising IX Public Relations X Summary

8 Dimensions of Planning Process
Analytical Process Dimension Techniques Procedures Systems Planning Models Marketing Planning Process Managerial perceptions Participation Strategic assumptions Process Consistency Behavioral Process Dimension Organizational Process Dimension Structure Information Culture

9 Implementing the Plan Implementation process Improving implementation
Internal marketing A comprehensive approach to improving implementation Internal strategy-structure Fit Developing a market orientation The role of external organization

10 The Implementation Process
Activities to be implemented How implementation will be done Responsibility for implementation Time and location of implementation

11 Improving Implementation
Skilled Implementers Effective Communications Organizational Design Improving Implementation Internal Marketing Incentives

12 Internal Marketing Strategy Plan Internal Marketing Program External
Targeted at key groups in the company, alliance partner companies, and other influencers External Marketing Program Targeted at key customers, segments and niches, and other external influencers

13 Comprehensive Approach to Improving Implementation
Financial Measures BALANCED SCORECARD MANAGEMENT CONTROL SYSTEM Learning and Innovation Measures Customer Measures Internal Business Process Measures

14 Factors Affecting the Implementation
of Business and Marketing Strategies External environment Corporate strategy Corporate-SBU relationship SBU’s strategy SBU’s organization structure; interfunctional coordination processes R & D Manufacturing Finance Marketing policies and strategies Marketing plans for individual product-market entries SBU’s performance Source: Harper W. Boyd, Jr., and Orville C. Walker, Jr., Marketing Management (Burr Ridge, IL: Richard D. Irwin, 1990), 826.

15 Strategic Evaluation and Control
Customer relationship management (CRM) Overview of evaluation activities The strategic marketing audit

16 Data Mining and CRM Victoria’s Secret - Data mining to improve inventory decisions Music company - People over 62 buy rap music Wal-Mart - Data mining so each store adapts merchandizing to local preferences AT&T - CRM data to identify profitability of individual customer and adapt service levels

17 Evaluation Activities
Find New Opportunities or Avoid Threats Solve Specific Problems Keep Performance on Target

18 Strategic Marketing Evaluation
and Control Conduct strategic marketing audit Select performance criteria, measures, and metrics Obtain and analyze information Assess performance and take necessary action

19 Strategic Marketing Audit
Corporate Mission and Objectives Business Composition and Strategies Marketing Strategy (for each planning unit) Marketing Program Activities Implementation and Management

20 Performance Criteria and Information Needs
Selecting performance criteria and measures Marketing metrics Obtain and analyze information

21 Marketing Metrics External market metrics
Financial measures Sales value/volume Marketing investment Profit Brand equity Relative satisfaction Commitment Relative perceived quality Relative price Availability Internal Market metrics Innovation health Strategy and employee Culture alignment and Outcomes commitment Source: Tim Ambler, Marketing and the Bottom-Line, 2nd ed., Hemel Hempstead: Prentice-Hall, 2003.

22 Performance Assessment and Action
Opportunities and performance gaps Determining normal and abnormal variability Deciding what actions to take


Download ppt "McGraw-Hill/Irwin © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved."

Similar presentations


Ads by Google