Matakuliah : J0504 - Strategi Pemasaran Tahun : 2009 Market & Competitive Space Pertemuan 3 Buku 1 Hal: 48-74 Learning Objective Defining and Analyzing Product-Markets Describing and Analyzing End-Users Analyzing Competition Market Size Estimation Developing a Strategic Vision about the Future Bina Nusantara MARKETS AND STRATEGIES The Challenges ― Markets are increasingly complex, turbulent, and interrelated. Importance of a broad view of the market. Essential to develop a vision about how the market is likely to change in the future. Continuous Monitoring is Necessary to: Find promising opportunities Identify shifts in value requirements Understand competitors’ positioning Guide targeting and positioning decisions OPPORTUNITIES OUTSIDE THE COMPETITIVE BOX The Competitive Box New Types of Competition New Customers Traditional Competitors Conventional Value Propositions Existing Customer Base New Customer Base(s) New Business Models New Customers AN ARRAY OF CHALLENGES Disruptive Innovation Fast Changing Markets Drivers of Changes in Markets Creating New Market Space Commoditization Threats Markets Impact Strategies • Market changes often require altering strategies • Forces of change create both market opportunities and threats • Inherent danger in faulty market sensing DEFINING AND ANALYZING PRODUCT-MARKETS Determine the Boundaries and Structure of the Product-Market Form the Product-Market Describe and Analyze End-Users Analyze Competition Forecast Market Size and Rate of Change Product – Market Boundaries and Structure • Determining Product-Market Structure 1. Start with the generic need satisfied by the product category of interest to management Identify the product categories (types) that can satisfy the generic need Form the specific product – markets within the generic product – market 2. 3. Extent of Market Complexity • Three characteristics of markets: – 1. Functions or uses of the product – 2. The enabling technology of the product – 3. Customer segments in the product-market Illustrative Product – Market Structure •Generic Product Class Food and beverages for breakfast meal •Product Type Cereals •Variant A Ready to eat Regular Natural Nutritional Life Product 19 •Variant B Pre-sweetened •Brands Special K