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Marketing_L2(2013)

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II. Marke&ng Strategy

Strategic Marke&ng Process

How Do We Allocate Our Resources to Get to Where We Want to Go?

How Do We Convert

Our Plans into Ac&ons?

How Do Our Results Compare

With Our Plans and Do

Devia&ons Require New Plans?

Customer-Driven Marke&ng Strategy

Developing an Integrated Marke&ng Mix

Marke&ng Analysis

Marke&ng Implementa&on

Marke&ng implementa&on is the process that turns marke&ng plans into marke&ng ac&ons to accomplish strategic marke&ng objec&ves.

Who? Where? When? How?

“doing things right” vs. “doing the right things”

Marke&ng Control

• 

evalua&ng the results of

marke&ng

and

taking

correc&ve

to ensure that the objec&ves

are achieved.

 

 

Opera&ng control involves checking ongoing performance against the annual plan and taking correc&ve ac&on when necessary.

looking at whether the company’s basic strategies are well matched to its opportuni&es.

IV. Measuring and Managing Return

on Marke&ng Investment

Return on marke&ng investment (or marke&ng ROI) is the net return from a marke&ng investment divided by the costs of the marke&ng investment.

Analyzing the Marke&ng Environment

•  Environmental forces a ect the company’s ability to serve its customers.

•  Changes in the demographic and economic environments a ect marke&ng decisions.

•  The major trends in the firm’s natural and technological environments.

•  The key changes in the poli&cal and cultural environments.

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