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OUTLINE • Strategic Planning Defined and the Process • SBU’s • Marketing Positioning – Tools: - The BCG Matrix and - The Product-Market Expansion Grid • Partnering • Strategy a& Marketing Mix • Segmentation • Differentiation & Positioning • Managing Effort, SWOTs, & ROI • A Marketing Plan 2-2 © 2010 Pearson Education Canada What Is Strategic Planning? Strategic Planning is the process of developing and maintaining a strategic fit between the organization’s goals and capabilities and its changing marketing opportunities. © 2010 Pearson Education Canada Strategic Planning and the Marketing Process Company Wide Strategic Planning Company Mission and Company Objectives Design Business Portfolio Strategies for Growth BCG Matrix Product Market Expansion Developing Customer Driven Marketing Strategy Segmentation, Targeting and Positioning Developing the Integrated Marketing Mix Product, Price, Place, Promotion 2-4 © 2010 Pearson Education Canada Company Wide Strategic Planning • Defining a Clear Company Mission – States the organization’s purpose. – Market and customer-oriented. – Provides direction to internal stakeholders. • Setting Company Objectives and Goals – The mission of the organization is translated to detailed, quantifiable objectives – The rest of the planning process is supported by these objectives 2-5 © 2010 Pearson Education Canada Mission Statements • Mission statement A statement of the organization’s purpose -what it wants to accomplish in the larger environment. • It answers basic questions – What is our business? – Who is the customer? – What does the customer value? – What should our business be? 2-6 © 2010 Pearson Education Canada
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