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Marketing POOPS Presentation Business X420 Spring 2001 Indiana University
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Reinvented High-Tech Growth-oriented Caterpillar
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What characterizes Caterpillar? We’re growth oriented –Sales: Tapping markets in Asia, Mexico, Eastern Europe and CIS –People: Countless opportunities for career development
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What characterizes Caterpillar? We’re progressive –Team approach to projects –Technologically advanced products and services
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We focus on Delivering superior value Customer success
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Strong as the machines we make High velocity organization Fast, accurate response to customer needs Quick response to shifts in the marketplace Cat Global Network Employee empowerment
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Making progress possible Construction, Mining and Agricultural Equipment Engines and Engine Systems Financial products to help Cat customers worldwide Logistics Services
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Caterpillar Dealers: our key competitive advantage Privately owned independent businesses Operate under a Sales and Service Agreement Small in number, large in size 65 dealers in the U.S. 127 outside the U.S.
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Product Groups Cat Dealers Marketing Divisions Customers
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We Prepare You to Succeed
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What is the Understanding the marketplace Product development Sales & product support Merchandising and support plans Role of Marketing?
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of Emphasis Machines and Engines Sales and Product Support Two Main Areas
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The Development Process Marketing Orientation Program First assignment with product group Second assignment with marketing company or product group Field representative assignment Field Representatives:
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Function as a business consultant Ensure communications between factory and marketplace Build trust Ensure acceptance of product line Monitor customer satisfaction Ensure achievement of corporate business goals Respons i b i l i t i es Marketing Job
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Technical/professional knowledge Business/commercial skills Interpersonal/communication skills Knowledge / Sk i lls Marketing
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We Need People Who: BS degree in marketing, engineering or business (grade point 2.8 minimum) Sell themselves/their ideas Self-starters with proven leadership skills Communicate effectively Mechanical/commercial strengths & interests Welcome the excitement of travel and relocation
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Questions?????
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Product and Employment Brands are Mutually Reinforcing Product Feature Quality and Performance Value and Price Innovation and Design Image and Prestige Compensation and Benefits Product/ Company Brand Strength Company Culture and Environment Work Environment Work-Life Balance Product Brand and Its ComponentsEmployment Brand and Its Components
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Benefit Plan Ranks in Top 50 1. Philip Morris 2. Conoco 3. Pacific Gas & Electric 4. Bristol-Myers Squibb 5. Raytheon 18. CATERPILLAR * Retirement, stock options, insurance, and health care. Source: Money Magazine
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Strong as the machines we make Sales and profits Record sales of $19 billion Projected sales of $30 billion by year 2010, 6-7% annual growth Profits in 1997 surpassed $1 billion for third consecutive year Excellent stock performance
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