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MM5001 - Marketing Management - Dias Natrasuari - 29322493
MM5001 - Marketing Management - Dias Natrasuari - 29322493
SMEMBA 7
MIDTERM TEST
4 FEBRUARY 2023
MARKETING MANAGEMENT
TAKE HOME TEST
THIS IS AN INDIVIDUAL TEST
TASK 1
New Wave Marketing (NWM) is still a new concept and is increasingly relevant in this digital
and connected era. Some companies have been implementing this approach though certainly
there are some challenges in the conversion process from the Legacy Marketing approach to
NWM. That is why we need your expertise to help several prominent brands in Indonesia using
the guidelines as follows:
a. Identify several strong brands in Indonesia (at least ten brands from various products) that
are still implementing the conventional/legacy marketing approach;
b. Analyze them and choose three brands that are very suitable and have the potential to adopt
and implement at least one out of twelve NWM elements. Give three brief arguments for
each brand why they are ready to adopt and enforce the NWM approach
c. Choose one element (out of twelve) of NWM that can be adopted and implemented for
each brand. Based on this then, determine what shift from Legacy Marketing to NWM you
will attempt on each brand;
d. Describe for each brand the existing condition before using the NMW approach;
e. Describe for each brand the proposed condition after adopting the NMW approach;
f. Based on what you have explained, then identify some challenges―among others,
including the difficulties, constraints, complexities, complications, etc.―in adopting and
implementing the NWM approach for each brand;
In the new Entrepreneurial Marketing (EM) concept, a company must be able to converge
several capabilities at once. The two capability clusters that must be converged are the
entrepreneurial capability and professional capability clusters. Entrepreneurial capability
consists of several capabilities: creativity, innovation, entrepreneurship, and leadership (CI-
EL). Meanwhile, professional capability consists of productivity, improvement,
professionalism, and management (PI-PM).
Concerning the company where you are currently working, try using the questionnaire tool
provided (see the link below) to measure (based on your perception) the CI-EL and PI-PM
levels for people and your company to develop the Omni Capability Radar (OCR).
Link: https://bit.ly/OCRSMEMBA
After you’re done filling the questionnaire, notify the SMEMBA-7 admin for you to get the
result of the OCR graph based on your data. Remember that the graphs show the extent to
which the capability level of CI-EL and PI-PM of people in the company. Meanwhile, the
company chart shows how much the company supports creating people’s CI-EL and PI-PM
capabilities.
1. Is there a significant gap between the people’s CI-EL and PI-PM? What are the
implications of that condition for the competitiveness of your company? Is this a serious
issue? Give arguments to support your answer.
2. Is there a significant gap between the company’s CI-EL and PI-PM? What are the
implications of that condition for the competitiveness of your company? Is this a serious
issue? Give arguments to support your answer.
3. Is there a significant gap between people and corporate CI-EL? What are the implications
of that condition for the competitiveness of your company? Is this a serious issue? Give
arguments to support your answer.
4. Is there a significant gap between the people’s PI-PM and the company’s PI-PM? What
are the implications of that condition for the competitiveness of your company? Is this a
serious issue? Give arguments to support your answer.
5. Based on your answers, what can you conclude? Give at least three essential conclusions.
6. What are your recommendations? Give at least one recommendation for each of your
conclusions.
CI-EL People CI-EL Company PI-PM People PI-PM Company
CREATIVITY –
PRODUCTIVITY
3,8 4 3,4 4
INNOVATION -
IMPROVEMENT
3,8 4,2 4,2 3,8
ENTREPRENEURSHIP -
PROFESSIONALISM 4 4 4 4,3
LEADERSHIP -
MANAGEMENT 4 3,8 4,2 5,0
15,6 16 15,8 17,1
LEA/MAN INN/IMP
ENT/PRF
This chart shows that there’s a gap between the Creativity and Productivity on
people in the company. As start-up company, we pushed to be creative in every
aspect to reach our goals, to find innovation for our product and in solving our
problem.
Creativity (3.8)
– But there’s chance of this many ideas makes us not focus on what idea should
Productivity (3.4) be prioritized, because we also pushed by time to follow the market and done
our job that very dynamic
And the implication of this gap is, there’s some ideas that actually good but can’t
executed well
Innovation (3.8)
This chart shows that there’s a gap between the Innovation and Improvement
-
on people in the company. As start-up company we pushed to be innovative
Improvement (4.2) people so we can be creative, but our company also dynamically changing in
the process of finding the fit product in the market, because of that changes, our
people more focus on the improvement rather than the innovation, which
actually should be balance with the improvement that they have to do.
So the implication of this gap is, the people too focus on the old product/task
which make the innovation is slow
Entrepreneurship (4) There’s no gap between entrepreneurship and professionalism on people in the
company. We always trying to follow the working procedure and increase the
-
achievement while we also become proactive, sharing our ideas but also
Professionalism (4) calculate the risk of what we do
The implication of this gap is, with innovation we always try to make a
products to fit into this dynamic market, but there are always flaws on the
product because sometimes we missed the details for improvement
There’s gap between the entrepreneurship and professionalism on the
company. Entrepreneur approach is braver to take the risk, but not in m my
company. The company prefer to be more conservative in making deal with
the clients. The company is very rarely doing aggressive deals with the
client.
Entrepreneurship (4)
- Because of that conservativeness, sometimes we afraid in taking risk, just
Professionalism (4.3) work as procedure and focus on incremental achievement that feels very
slow if we compare with another start-up company with the same business
The implication if the gap is, for start-up category, the growth of our
company can be slower than others start-up, but we become more stable
and the business will sustain.
The implication of this gap is, there’s so many ideas and vision of the company
but the people need harder effort to make this happen and to have the same
page with the company, so the idea can be executed well
The implication of this gap is, company are ready for the innovation but the
people sometime get left behind, so the “growth” of the innovation is not as fast
as that company expect
Entrepreneurship :
There’s no gap between Entrepreneurship People and Corporate. We can have
- People (4)
same page between company and people in seeking market opportunities, the
- Corporate (4) idea of taking risk and creating the business
We are start-up company but feels like corporate style. One of the reason is
Management : because the top management is come from corporate background. In other side,
75% of the employee is millennial and gen z who prefer work with their own
- People (4.2)
style, but it’s can’t fully accommodate by the company because we are more
- Corporate (5) like task-based management with top-down approach
The implication of this case is, the people might be not have access to the top
management to share their idea because the approach more like top-down
management.
5. Conclusions
a. As the start-up company, my company more into like corporate, it because the top
management is the people who don’t have experience in start-up, they bring culture of the
corporate to the company
b. The Point in “People” is less than “Corporate”, it potential to be a problem when the company
has well vision and mission, but the people can’t execute it as good as and as fast as the
company expect
c. As start-up company that pushed to follow the dynamic market, sometimes we confused
about what action we have to do and with no experience, but with the people who more like
in corporate style, sometimes it helps up to control and doing balancing about the action we
have to take and what is not.
6. Recommendation
a. The Start-up vibes and positive value from start-up must be build in the people’s mind, it will
maximize what we have from the human resource potential to make our company growth
faster as the company expected
b. Making the training program and the people and do it cross functionally so everyone in the
company knows that they also take parts in the process and know what they have to do, so
they can follow the pace that company wants
c. Keep the composition of the employee who have corporate background and start up
background to keep the balancing perception in making decisions.