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Marketing Planning and Development
Marketing Planning and Development
Discussion Questions
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CORPORATE STRATEGIC
Three Organizational Levels
PLANNING
• MKT planning & MGT occur on 3 levels
– Corporate headquarters designs a corporate 1 Define the corporate mission
strategic plan to guide the whole enterprise
– Each business unit develops a plan to carry that Set company‘s goals &
2
business unit into a profitable future objectives
– Each market offering involves a MKT plan for
achieving its objectives 3 Design the business portfolio
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• Turn the broad mission into detailed • Design business portfolios & growth
supporting objectives for each level of MGT strategies
– Goals are the desired outcomes or achievable – Business portfolio is the collection of businesses
tangible results & products that make up the company
– Each manager should have objectives & be – The best business portfolio must fit the firm‘s S/Ws
responsible for reaching them to market opportunities
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GE/McKinsey Matrix
– Classify SBUs based on competitive advantage &
industry attractiveness indices Holding
Divesting
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GE/McKinsey Matrix
• Difficulty in defining SBUs and measuring
HIGH
• Time consuming
MED
• Expensive
• Focus on current businesses, not future
planning
LOW
Industry Attractiveness
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The target market comprises 5 factors: Create superior value for the trios
Figure: The 5-C Framework Fig: The 3-V Market Value Principle
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• Add attractive
unrelated
businesses
• Build or acquire
related businesses
• Opportunity to grow
within current
Projected sales businesses
Existing New
products products
Wholesaler
Existing Supplier Business
markets
New
markets
Competitor
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… is the shared experiences, stories, beliefs, • To stimulate new ideas, MKT innovation is
& norms that characterize an org very crucial (BlackBerry)
• A customer-centric • Fostered by 3 unrepresented employee
culture can affect all groups
aspects of an org
– Employees with youthful or diverse perspectives
• Very difficult to change – Employees far removed from corporate
corporate culture
headquarters
• A viable corporate culture – Employees new to the industry
is the key to market
success
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Favorable Unfavorable
A formal
SW
Internal
OT
External
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