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1. Marketing Strategy Planning Marketing Management
2. 2- 1 Agenda Linkage corporate & marketing strategies
Setting strategic directions
The strategic marketing process
3. 2- 2 The three levels of strategy in organizations: corporate, business unit, and functional
4. 2- 3 Elements of Corporate Strategy that Influence Marketing Strategy Mission/vision/philosophy
Goals/objectives
Core competencies
5. 2- 4 Mission statements should
serve as a guide for what the organization wants to accomplish.
be market-oriented rather than product-oriented.
be neither too narrow, nor too broad.
fit with the market environment.
be motivating.
6. 2- 5 Goals/Objectives Profit
Sales revenue
Market share ($ or unit)
Quality
Customer satisfaction
Social responsibility
7. 2- 6 Core Competencies/Skills Special skills that are ideally:
sustainable (hard to replicate)
unique to the organization
relevant to target customers
8. 2- 7 Core Skills - Examples Cost-based (economies of scale)
Quality
R&D, Product innovation
Design
Brand reputation/loyalty
Distribution channels
9. 2- 8 Setting Strategic Directions Resource Allocation Where are we now?
Where do we want to go?
BCG portfolio (growth-share matrix)
Product/Market Grid
10. 2- 9