Mod 5
Mod 5
Marketing Strategies
Module V: Marketing Strategy Decisions
MBA
Sem 4
Dr. Sunetra Saha
Amity Business School
Topics
• Go to Market Strategy / Route to Market Strategy
• Market Resource Allocation Strategies
• Product Strategies [including new product
development]
• Pricing Strategies, Distribution Strategies,
• Promotion Strategies (Advertising strategies, Digital
marketing strategies)
• Global Market Strategies
Amity Business School
Go to Market Strategy
• A go-to-market strategy (GTM strategy) is an action plan that specifies
how a company will reach target customers and achieve competitive
advantage.
• It is the plan of an organization, utilizing their inside and outside resources
(e.g. sales force and distributors), to deliver their unique value proposition
to customers and achieve competitive advantage.
• The end goal of a go-to-market strategy is to enhance the overall
customer experience by offering a superior product and/or more
competitive pricing
• The purpose of a GTM strategy is to provide a blueprint for delivering a
product or service to the end customer, taking into account such factors
as pricing and distribution.
• https://blog.hubspot.com/sales/gtm-strategy
Amity Business School
Core components
• Identifying buyer personas.
• Creating a value matrix.
• Defining the marketing strategy.
• Understanding the buyer's journey.
• Selecting a sales strategy.
• Syncing with support.
• Understanding where the product sits in the overall roadmap.
• Defining the success metrics.
• Determining ongoing budget and resource needs.
Amity Business School
Amity Business School
https://slide-finder.com/view/Marketing-Strategy-Chapter-8.265010.html
Amity Business School
Resource Allocation
Amity Business School
Product Strategies
• Product Strategy is a system of achievable goals and
visions that work together to align the team around
desirable outcomes for both the business and its’
customers.
• The product strategy forms the basis for executing a
product roadmap and subsequent product releases.
The product strategy enables the company to focus on
a specific target market and feature set
Amity Business School
Product Strategies
• Foundation: What business wants to achieve
– Vision
– Business models
– Positioning
• Market: The customers and the market landscape
– Personas
– Competitive analysis
• Imperatives: The work business will accomplish
– Goals
– Initiatives
https://www.aha.io/roadmapping/guide/product-strategy
Amity Business School
Pricing Strategies
• A pricing strategy is a model or method used to
establish the best price for a product or service. It helps
you choose prices to maximize profits and shareholder
value while considering consumer and market demand.
• A pricing strategy takes into account segments, ability
to pay, market conditions, competitor actions, trade
margins and input costs, amongst others. It is targeted
at the defined customers and against competitors.
Amity Business School
Pricing objectives
Volume oriented objectives
Profitability oriented objectives • Maximisation of sales revenue
• Profit maximisation • Maximisation of market share
• Maximisation of customer value
• Target return • Minimisation of customer
• Satisfactory profits volume
Pricing objectives
https://www.pricingsolutions.com/pdf/World-Class-Pricing-
The-Journey.pdf
Amity Business School
Distribution Strategies
Concerned with the channels a firm employs to make its
goods and services available to customers
• Channels – types of organized structures of
intermediate buyers & sellers that bridge the
time/space between manufacturers and end-users
• Includes:
– Channel Structure
– Distribution Scope
– Multiple Channels
– Channel Control
Amity Business School
Choosing a channel
Amity Business School
Distribution Strategies
Amity Business School
Promotion Strategies
• Promotion is communication intended to persuade, inform, or
remind a target audience about a business or its products.
• The promotion strategy involves planning, determining the right
promotional mix, and selecting specific promotional activities.
• Promotional goals include creating awareness, getting people
to try products, providing information, retaining loyal
customers, increasing the use of products, and identifying
potential customers, as well as teaching potential service
clients what is needed to “co-create” the services provided.
Amity Business School