Pertemuan Kedua Marketing Role 1 What is Marketing Role? • • • • • • • • • • • • • Create customer focus throughout the business Listen to the customer Define and nurture distinctive competence Define marketing as market intelligence Target customer Manage for profitability Make customer value the guiding star Let the customer define quality Measure and manage customer expectations Build customer relationships and loyalty Define the business as a service business Commit to continuous improvement and innovation Grow with partners and alliances 2 Recents Developments Affecting The Strategic Role of Marketing • Globalization; International markets account for a large and growing portion of the sales of many organizations. • Increased importance of service; such as financing, delivery, installation, user training and assistance, and maintenance often provided in conjunction with a product. • Information technology; IT has changed the nature of marketing management. • Relationships across functions and firms; as firms seek for mechanisms for more effective and efficient, they try to coordinate across functional departments and various activities. 3 Formulating and Implementing Marketing Strategy • Corporate objectives and strategy • Business level objectives and strategy • Market opportunity analysis: – Environmental and competitor analysis – Industry dynamics – Marketing information – Customer analysis, segmentation and targeting decisions – Positioning decisions 4 Process of Formulating Strategies • Formulating strategies for specific market situations: – – – – Strategies for new market entries Strategies for growth markets Strategies for mature and declining markets Strategies for new economy • Implementation and control – Implementing business and marketing strategies – Coordinating marketing strategies and programs 5 Strategic Marketing • Strategic marketing is a market-driven process of strategy development, taking into account a constantly changing business environment and the need to achieve high levels of customer satisfaction. 6 The Marketing Plan: A Blueprint for Action • A marketing plan is a written document detailing the current situation with respect to customers, competitors and the external environment and providing guidelines for objectives, marketing actions and resource allocations over the planning period for either an existing or a proposed product or service. 7 Conclusion • Market-Oriented firms those that plan and coordinate company activities around the primary goal of satisfying customer needs, tend to outperform other firms on a variety of dimensions, including sales growth. • Formulating a successful marketing strategy requires an understanding of the company and its mission, macroenvironments, customer segments, and competitors. 8