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Module 4
Module 4
Content Standard:
• The importance of information, the market characteristics affecting consumer behavior, and the
Performance Standard:
• Conduct marketing research, interpret market buying behavior on product or service, and identify
Learning Competencies:
• Distinguish between strategic and marketing planning in terms of objectives and processes
• Analyze the elements of macro- and micro-environment and their influence to marketing planning
• Define marketing research, its importance to a business enterprise and identify the steps in
marketing research
Objectives:
• Strategic Marketing is defined as the general plan of action aligned with the company’s visions
and goals. This is a carefully thought- out course of action developed for the purpose of achieving
organization’s strategy. It also refers to a detailed action program covering a shorted period.
• These tactics must cover the factors that address consumer needs and wants: product, price,
• Here are the following steps in describing marketing tactics in the marketing plan:
1. Prepare an action plan. List down the steps in delivering each tactic and note important
details such as time frame, suppliers, requirements, issues, and person in charge
Post regular March 1-30, 2020 Jane • Post at least twice a week
product.
2. Name the necessary resources and monitor the allocated budget. Get quotations for all
elements of the proposed tactics and make a detailed budget plan. Make sure that the budget
can support the tactics because marketing costs can increase quickly. Also, assign a person to
3. Identify how the success of the tactics will be measured. Outline how to evaluate the
effectiveness of the tactics by setting goals and benchmarks. This will help in implementing
• Strategic Marketing will always come first because it shows where the company wants to go in
terms of growth and in relation to its competitors. Tactical Marketing consist of the activities
needed to implement the strategies. In short, strategic marketing is the idea and tactical marketing
is the action
• To give an example, we have two global trends which all have one unique goal:
• Each has used strategic marketing and tactical marketing to fulfill this goal. The two famous
1. Domino’s Pizza. Tom Monaghan founded Domino’s Pizza sometime in the 1960’s. It is the
Tactical Marketing: To implement this marketing strategy, Domino’s employs the following
tactics:
a. Pizza has bread, sauce, and cheese in all countries except china
b. Half of the topping are standard all over the world, while the other half is customized
depending on the country in question. In Asia, the toppings are usually seafood and fish.
In India, it is curry.
2. Nike. Initially operating as a distributor for the Japanese shoemaker Onitsuka Tiger, Nike
was founded in 1964 as Blue-Ribbon Sports, It later on became Nike, Inc in 1971
Strategic Marketing: To increase global presence, Nike formed long-term partnership with
Strategic Marketing: Another marketing strategy is the creation of the NikeID platform
• The Marketing Environment is the sum of all the internal and external forces that affect the way a
firm operates, particularly its ability to build and maintain relationship with its target customers
• The Internal forces are referred to as the microenvironment, while the external forces are called
and their changing trends so that it can adapt to changes, keep up with the competition, and
Microenvironment
• The microenvironment consists of all the internal factors which have direct contact with and a
direct influence on the company. The microenvironment has five components: the organization
itself, the supplies, the customers, marketing intermediaries and competitors. Companies can
1. The Organization itself consists of the owners, investors, and employees who are all considered
members of the organization. The company’s top management has the duty to develop the
company’s mission, vision, goals and policies which set the stage for the company’s marketing
plan.
2. Suppliers provide the resources the organization needs to produce goods and services. A good
relationship with suppliers enables the organization to ensure the availability of supplies for
prompt operations.
3. Customers are the people who are willing and able to buy the organization’s products and
services.
IMMACULATE CONCEPTION POLYTECHNIC
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4. Marketing Intermediaries are entities that assist in the distribution and selling of goods to
customers. There are four types of marketing intermediaries: wholesalers, retailers, distributors
a. Wholesalers are entities that buy goods from manufacturers or producers and resell them to
b. Distributors are entities selected by manufacturers to buy goods for resale to retailers.
c. Retailers carry the wide range of goods which are bought from wholesalers or distributors
d. Agents and brokers sell the products for a certain commission or percentage of sales.
5. Competitors are rival firms that offer similar goods or services as the organization. Competitors
can be either direct or indirect. Direct competitors are brands competing in the same industry,
offering essentially the same goods or services. Indirect competitors offer products or services
Macroenvironment
• The macroenvironment of a firm consists of the various factors which affect not only the firm
itself, but also the entire industry of the region or country. The six factors of the
2. Economics refers to the influence of the purchasing power of the peso on spending patterns, in
the context of inflation and other economics forces that may affect the economy.
3. The sociocultural aspects refer to the beliefs, practices, norms, customs, and tradition that may
4. The technological factor refers to developments in technology which may affect consumers,
5. Political Forces refers to groups of people or parties which may influence the stability of a
country and affect the production, distribution, promotion and selling of goods and services.
6. Ecological factors refer to all the processes or activities necessary to protect the natural