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MARKETING STRATEGY Allocate & coordinate marketing resources and activities to accomplished the firms objective within a specific product market. Synergy of competitive advantage with marketing mix.
1. define the problem 2. develop research plan 3. collect information 4. analyze the information 5. present the finding 6. make decision
MARKET RESEARCH || decision alternative, objective || data sources, research approaches, research instrument sampling plan, contact method || survey in homes, phone, internet || tabulating data, developing summary measures
Branding
SEGMENTASI Demographic (age, sex, occupation, income, education, event, race) Geographic (trade area) Behavioral (consumer need, product usage, lifestyle) TARGETING Niche market strategy Mass Market Strategy Growth Market Strategy POSITIONING Physical positioning (technical orientation, physical characteristic) Perceptual positioning (consumer orientation, perceptual attribute)
MARKETING MIX
PRODUCT Quality Feature & Style Brand name Packaging Guarantees / warranties Service PLACE Numbers and types of middlemen Location availability Inventory level PROMOTION Advertising Personal selling Sales promotion Point of purchase materials publicity PRICING List price Discount Allowances Credit terms Payment period Rental/lease
Implementation & Managing Strategy Brand Evaluation of Brand Equity (Brand Awareness, Brand Loyalty, Perceived Quality, Brand Association, other aspect)