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Managing Market Efforts

This document discusses the key aspects of managing the marketing effort, including analysis, planning, implementation, and control. Analysis involves conducting a SWOT analysis to evaluate strengths, weaknesses, opportunities, and threats. Planning involves developing strategic and marketing plans. Implementation turns plans into actions. Control involves measuring results and taking corrective actions if needed.

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asif taj
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3K views15 pages

Managing Market Efforts

This document discusses the key aspects of managing the marketing effort, including analysis, planning, implementation, and control. Analysis involves conducting a SWOT analysis to evaluate strengths, weaknesses, opportunities, and threats. Planning involves developing strategic and marketing plans. Implementation turns plans into actions. Control involves measuring results and taking corrective actions if needed.

Uploaded by

asif taj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Managing the Marketing Effort

Managing the marketing effort requires:


• Analysis
• Planning
• Implementing
• Controlling

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Managing the Marketing Effort

Marketing Analysis

Analysis is the complete analysis of the


company’s situation in a SWOT analysis that
evaluates the company’s:
• Strengths
• Weaknesses
• Opportunities
• Threats
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Managing the Marketing Effort
Marketing Analysis

Strengths include internal capabilities,


resources, and positive situational factors
that may help to serve company customers
and achieve company objectives

Weaknesses include internal limitations and


negative situational factors that may
interfere with company performance

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Managing the Marketing Effort

Marketing Analysis

Opportunities are favorable factors or trends in


the external environment that the company
may be able to exploit to its advantage

Threats are unfavorable factors or trends that


may present challenges to performance

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Managing the Marketing Effort
Market Planning

Planning is the development of strategic and


marketing plans to achieve company
objectives

Marketing strategy consists of the specific


strategies for target markets, positioning,
the marketing mix, and marketing
expenditure levels

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Managing the Marketing Effort
Market Planning
Sections of a marketing plan include:
• Executive summary
• Current marketing situation
• Threats and opportunities
• Objective and issues
• Action programs
• Budgets
• Controls
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Managing the Marketing Effort

Marketing Implementation

Implementing is the process that turns marketing


plans into marketing actions to accomplish strategic
marketing objectives

Successful implementation depends on how well the


company blends its people, organizational structure,
decision and reward system, and company culture
into a cohesive action plan that supports its
strategies
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Managing the Marketing Effort

Marketing Department Organization

• Functional
• Geographic
• Product
• Market or customer management

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Managing the Marketing Effort
Marketing Department Organization

Functional organization: This is the most


common form of marketing organization
with different marketing functions headed
by a functional specialist
• Sales manager
• Market research manager
• Customer service manager
• New product manager

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Managing the Marketing Effort
Marketing Department Organization

Geographic organizations: Useful for companies that


sell across the country or internationally. Managers
are responsible for developing strategies and plans
for a specific region.

Product Management: Useful for companies with


different products or brands. Managers are
responsible for developing strategies and plans for a
specific product or band.

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Managing the Marketing Effort

Marketing Department Organization

Market or customer management


organization: Useful for companies with
one product line sold to many different
markets and customers. Managers are
responsible for developing strategies and
plans for their specific markets or
customers.
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Managing the Marketing Effort

Marketing Department Organization

Customer management involves a customer


focus and not a product focus for managing
customer profitability and customer equity

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Managing the Marketing Effort

Marketing Control

Controlling is measuring and evaluating


results and taking corrective action as
needed
• Operating control
• Strategic control

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Managing the Marketing Effort

Marketing Control

Operating control involves checking ongoing


performance against annual plan and taking
corrective action as needed

Strategic control involves looking at whether


the company’s basic strategies are well
matched to its opportunities

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Managing the Marketing Effort

Marketing Control

Marketing audit is a comprehensive,


systematic, independent, and periodic
examination of a company’s environment,
objectives, strategies, and activities to
determine problem areas and opportunities

2-47

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