03-strategic planning
TRANSCRIPT
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Strategic Planning
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C. VIGNESHC. VIGNESHVIGNESH
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Today’s Agenda What is Strategic Planning?
Steps in Strategic Planning
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3 Levels in an Organization Corporate Level
o (or SBU, Strategic Business Level)o e.g. Microsoft Corp.
Business unit-levelo e.g. Microsoft Office Group
Functional levelo Marketing Team for Microsoft Office
(Cross Functional Teams (among functional groups).
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Organizational Strategy The Business
Mission
Goals
Organizational Culture
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Mission Statement Mission: a statement of an organization’s scope,
identifying its customers, markets, technology, and value.
It should be:o Motivationalo Consumer-orientedo Realistico Reflective of Distinct Competencieso Simple
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Goals Goals or objectives measure how well the
organization’s mission is being accomplished. Businesses have different goals:
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• Profit
• Sales
• Market Share
• Quality
• Customer Satisfaction
• Employee Welfare
• Social Responsibility
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Organizational Culture
is the set of values, ideas and attitudes that is learned and shared among the members of an organization.
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What is Strategic Planning?
BA 3365 – PRINCIPLES OF MARKETING
© VIGNESH 2006
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Strategic Plan = Road Map
Today:What business are we in? Who are our customers? What are their needs? What needs to be done?
Tomorrow:What business should we be in? Who will be our customers? What will be their
needs? What needs to be done?
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The Strategic Planning Process
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Defining the company mission
Setting companyObjectives and goals
Defining the business portfolio
Planning, marketing and other
functional strategies
Corporate level
Business unit and Functional level
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Setting Strategic Directions
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Growth Strategies: Where Do We Want to Go?
Two Approaches:Business Portfolio Analysis
Business portfolio analysis studies a firm’s business units as though they were a collection of separate investments.
Market – Product Analysis
Analyzing growth opportunities in terms of markets and products.
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BCG Matrix – Business Portfolio Analysis
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QUESTION MARKS
STARS
CASH COWS DOGS
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The Growth Matrix
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Products
Markets
Current New
Current
New
MarketPenetration
MarketDevelopment
Product Development
Diversification
- Market- Product Analysis
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The Strategic
Marketing ProcessBA 3365 – PRINCIPLES
OF MARKETING ©
VIGNESH 2006Slide: 13
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Step 1: SWOT Analysis
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STRENGTHS WEAKNESSES
OPPORTUNITIES THREATS
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SWOT Analysis Identifies trends in the firms’ industry. Analyzes firms’ competitors. Assesses the firms’ strengths. Researches the firms’ present and prospective
customers.
- is the foundation for building the marketing plan.
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Step 2: Market Product Focus Set Market and Product Goals
o Market Segmentation.• Segment – group of people with similar needs.• Will respond similarly to marketing action.
Select target segments. (Targeting) Position the product. (Positioning)
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Step 3: Marketing –Mix (4P’s)
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The Marketing Plan is the output of the planning phase in the
Strategic Marketing Process. is part of the Business Plan. is a roadmap for the marketing activities of an
organization for a specific period of time.
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Contents of a Marketing Plan Executive Summary Company Description Strategic Focus
o Mission, Goal, Core Competency. Situation (SWOT) Analysis (3C’s) Market-Product Focus
o Target Markets, Positioning. The Marketing-Mix
o 4 P’s. Financial Data and Projections.
o Demand forecasts, market status, etc. Organization Structure Implementation Plan Evaluation and Control
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Questions / Comments?
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