) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Prepared by: Ms. Resa Jace S. Repayo ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Intro • to identify and described “Relationship-Building Strategies”. • discuss strategic marketing process in terms of objectives and process. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ’ Customers have a different needs, wants, preferences, concerns, and expectations. The organization/ business must be in a position to deliver goods and services at a time when consumers need them. Business owners cannot compel their customers to purchase their products or to make use of their services. The desires and expectations of the customer must be recognized and expected as well as being sufficiently met. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Effective companies are not only dealing with unique market opportunities and clients. Nowadays, keeping the business competitive is a gateway to success in marketing. This is a great way to add interest, improve your reputation, and place against your competition: ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) wordcloud Chapter 1 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) wordcloud Chapter 1 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) A marketing strategy refers to a business's overall game plan for reaching prospective consumers and turning them into customers of the products or services the business provides. ) ) ) ) ) ) ) ) ) Marketing strategy is the company’s overall forwardlooking approach and a game plan to reach potential customers and convert them into actual customers for the product/service that you’re selling. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Strategies vs. Plans marketing plan is a blueprint that outlines your strategies to attract and convert your ideal customers as a part of your customer acquisition strategy. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Contents Relationship Development Strategies are strategies to build client support for a business and its offerings and increase brand loyalty. Most often relationship building occurs at the customer level, but it is valuable between businesses as well. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Chapter 2 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) 2. Offer Incentives to the client. 1. Communicate regularly. For better outcomes, it is necessary to communicate regularly and to vary the types of messages you send. Instead of a relentless flood of ads, scatter with supportive emails or softer-sell tweets. 01 02 4. Build 2- way Communication As far as consumer interactions are concerned, "listening" can be almost as critical as "telling." Customer loyalty or incentive schemes operate well with many forms of industry, from retail to cruise and leisure. The most successful initiatives offer weighted incentives, and the more consumers they pay, the more they receive. 3. Hold Special Events 04 03 Keep for special occasions. These are special events funded by the organization that to connect with the closest customers is a safe idea, whether it's a concert, a mall show. Just choose the place that is ideally tailored to your particular customers and company. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) 6. Launch multicultural programs. 5. Enhance your customer service. 05 06 Customers also make decisions between equivalent goods and services based on actual "customer experience." It might be time to add a multilingual dimension to the marketing program. For example, Dove’s Shampoo commercial “My hair My say!” uses different dialects to target niche markets. 7. Visit the trenches 07 Many entrepreneurs, especially those selling goods and services to other companies, it is necessary to go beyond traditional sales calls and off-the-shelf marketing strategies to create relationships with top consumers or clients. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) A marketing strategy refers to a business's overall game plan for reaching prospective consumers and turning them into customers of the products or services the business provides. Marketing plan, which is a document that details the specific types of marketing activities a company conducts and contains timetables for rolling out various marketing initiatives Relationship Development Strategies are strategies to build client support for a business and its offerings and increase brand loyalty. Contents ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) The seven relationship-building strategies that will help you transform your company into a valuable resource: 1. Communicate regularly. 2. Offer Incentives to the client. 3. Hold Special Events 4. Build 2- way Communication 5. Enhance your customer service. 6. Launch multicultural programs. 7. Visit the trenches Contents ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) It is a systematic process that lays out criteria for the overall marketing strategy and ensuring that the correct markets are reached along with tracking the priorities and goals of the company. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) 1. Mission, goals, and objectives of the company. 2. Strengths, weaknesses, opportunities, and threats that are affecting brand marketing. 3. Distributing platforms and the tools needed to be used to provide support to marketing campaigns. 4. Identifying the target demographic and the unique needs of the client. 5. Measurable and actionable indicators that offer a clear view of where changes are being made and how effective consumer experiences and outreach have been. Chapter 3 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Chapter 3 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Strategic marketing planning is very critical because it assesses internal strengths and disadvantages, technical trends, international rivalry, corporate culture changes along with the company's current role. Chapter 3 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Chapter 3 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Swot analysis is a competitive research technique to recognize the strengths, weaknesses or vulnerabilities, opportunities, and threats of the organization and to assess the role of the business in the market. Chapter 3 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) After the needs of the consumers have been identified and the goods to satisfy those demands have been determined, the next step is to create a marketing mix plan. This is the planning phase and it focuses on the 4Ps or 7 Ps and the budget required for every element in the marketing mix. Chapter 3 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Goals should be set to meet customer demand. This can be done by identifying the unique selling point of the business along with the particular characteristics or traits of the products which distinguish it from others. Chapter 3 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Upon deciding the position of the organization and what it aims to achieve, the next step is to decide where the resources will be distributed and whether the goals will be translated into action. This includes the use of various approaches, including price strategy, position or delivery strategy, marketing strategy, and advertising strategy. Chapter 3 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) This is the course of action in the strategic marketing cycle. This is necessary to assess how the organization can accomplish what was expected during the planning process. If the strategy is competently organized, it can be put into effect through a sales forecast and budget by using the following four components; ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Obtaining Resources: cash for the production and promotion of new goods. Developing preparation schedules: time devoted to the different activities to be carried out. Designing marketing organization: a marketing system would be set up to track execution plans. Implementation of the marketing campaign: this includes paying attention to specifics and relying on the approach laid out in the marketing plan. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) It is the process of evaluation that ensuring that the outcomes of the program are compatible with the goals set. Any anomalies in the program will be found and corrected immediately. Evaluating the success of a brand campaign includes reflecting on: ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Measurable as too vague: benchmarks describe the goals reached. Strategy vs Tactic: strategy describes aims and tactics describe actions that can accomplish aims. Actionable as against contingent: can be accomplished by strategies rather than by potential uncontrollable forces. Marketing strategy: backed by a marketing plan that incorporates tactics to accomplish goals. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Farooq,Umar,Strategic Marketing Process, https://www.marketingtutor.net/strategic-marketing-process/ February 27, 2019 So, Real C., Torres, Oscar G., De Guzman Angels A. Principles of Marketing Teacher’s Manual, DepEd Philippines Investopedia, https://www.investopedia.com/terms/m/marketing-strategy.asp Gordon, Kim T., January 5, 2004, https://www.entrepreneur.com/article/66228 McDufee, Bruce, April 3, 2018, https://www.mmmatters.com/blog/strategic-marketing-vs-tacticalmarketing ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )