o Design customer driven marketing strategy
Identify market to serve (segment , target)
Meeting needs
Decide marketing management orientation ( 5 concepts)
• Production
• Product
• Marketing ( see detail) ESSAY
• Selling ( see detail ) ESSAY
• Societal marketing concept
o Construct marketing program (4ps)
o Build customer relationship and create delight
CRM
Customer Value (Aspects of value)
Satisfaction
Customer relationship tools
• Frequency marketing
• Community marketing
o Capture value from customer
Customer life time value
Growing share
• Upsell tactic
• Cross sell tactic
o Four relationship group of customers
Butterflies
True friends
Strangers
Barnacle
Chapter 3 : Marketing environment
• Micro –environment
o Suppliers
o Competitors
o Consumers
o Public
o Marketing intermediaries
• Analysis tools for micro
o Five forces
Threat of new entry (see detail in handout)
Threat of substitute (See detail in handout)
Power of Supplier (See detail in handout)
Power of buyers (See detail in handout)
Competitive rivalry (See detail in handout)
o SWOT ( 4 elements)
Strength ( strong skills)
Weakness ( Weak skills)
Opportunities ( chance to succeed in the industry or market)
Threats ( barriers or problems that lead to unsuccessful of your company or marketing activities)
• Macro –environment
o PEST analysis ( Please look at the PEST guideline in the table )
Political & legal ( policy of government , law , regulations etc)
Economics ( economics situation of country , world that impact on consumer buying power, company (e.g. bad economic makes suppliers increase price of raw material )
Social-culture ( consumer trends, consumption habit, consumer preference etc. e.g. Japanese eats rice, western eat breads in the morning if u sell breads in Japan , you might need to consider this Japanese culture)
Technology ( development of technology which can give both negative and positive to firm )