Winning Marketing - ThreeLittlePigsCo.

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Winning Marketing Decisions That

Grow a Business:

How Successful Entrepreneurs Do It

GREG BYRNE

ISBN 1-842180-73-8

"…a real tour de force in defining and refining that route to market"

Modern entrepreneurs are far too consumed with their businesses and business ideas to consult a textbook, but they do need advice and guidance to assist them in dilemmas where their experience is patchy. The concept of a roadmap rather than a textbook is ideal for busy and impatient business people who need a reference point, and this book provides the perfect answer to those needing inspiration to resolve a critical marketing issue.

Greg Byrne’s experience in assisting Irish entrepreneurs to achieve scale is very rich and should provide lessons for aspiring start-ups worldwide. A major issue in the dotcom collapse has been an inability of technology entrepreneurs to plan and execute a route to market for their products. This roadmap is a real tour

de force in defining and refining that route to market

- Pat Maher, Executive Director, Enterprise-Ireland .

( Enterprise Ireland is the national organisation with responsibility for accelerating Irelands national and regional development and focuses its resources on companies that are characterized by high levels of ambition, innovation and commitment to international growth)

Contents

Foreword by Denis O’Brien, Chairman, Digicel Limited

(Chairman of Ernst & Young Entrepreneur Of The Year Awards

Programme Judges Panel (Ireland) and Member of Judges Panel

Ernst & Young World Entrepreneur Of The Year Awards 2001)

Foreword by Gregory K. Ericksen, Ernst & Young Global Director

Entrepreneur Of The Year

(Author of The Ernst & Young Entrepreneur Of The Year Award: Insights from the Winner’s Circle , Dearborn, 2002, and three other books profiling successful entrepreneurs)

Preface

Acknowledgements

Chapter 1:

What Lies Ahead: The Roadmap and Stages of Growth

Introduction

The Entrepreneurs Roadmap

Stages of Enterprise Evolution

Start Up and Emerging Stage

Rapid Growth Stage

Next Level Stage

Marketing Decisions/Growth Drivers Matrix

Market-Led Growth Strategies

Operating Infrastructure

Capital Funding

Managing the Business

Wealth Building and Retention

Summary

Chapter 2:

The Journey’s Engine: Market Intelligence and Segmentation

Introduction

Foundation for a Market-Led Business

Marketing Audit and Analysis

Market Segmentation

Segmentation Process

Customer Satisfaction

Questionnaire

Summary

Chapter 3:

Marketing Gearbox: Decisions for Stage One Growth/Start Up and Emerging

Introduction

Start Up and Emerging Stage Overview

Company Characteristics

Company Goals

Marketing Objectives

Communication Strategies

Communication Media

Market Intelligence

Market Intelligence Methods

Start Building a Market Intelligence Process into the

Business

Market Segmentation

Initial Segmentation for this Stage

Corporate Brand Positioning

Introduction

Brand: The Most Important Business Strategy

Start Up and Emerging Stage Branding Steps

Product Positioning

Define Your Position

Unique Selling Propositions

Securing Trust in Radical New Product

Get the Innovators and Early Adopters

Channel Management

Initial Channel Choice

Initial Channel Decision

A Channel Model

Integrated Marketing Communications

Positioning Statement

Communication Steps

Business and Consumer Communication Differences

Initial Communication Methods and Objectives

Advertising

Corporate/Product Brochures

Exhibition/Trade Shows/Conferences

Open Days

Case Studies

Testimonials

Publicity

Direct Marketing

Direct E-Mail Marketing

Personal Selling

Sales Process

Structuring the Sales Force

Sales Staff Recruitment and Management

Sales Remuneration and Management

Sales Manner and Face2Face Technique

Sales Tools

Proposals/Responding to Request for a Proposal

Pitches – Elevator, Lobby and 15 Minutes

Sales Promotions

Summary

Chapter 4:

Marketing Gearbox: Decisions for Stage Two/Rapid Growth Stage

Introduction

Rapid Growth Stage Overview

Company Characteristics

Company Goals

Marketing Objectives

Communications Strategies

Communications Media

Market Intelligence and Segmentation

Market Intelligence

Corporate Brand Positioning Development

Initial Personality Brand

Brands and Buyer Behaviour

Leadership Brands

Brand Position Development Process

Research and Analysis Stage

Position Development Stage

Brand Implementation Platform

Brand Beckon: Brand Personality and Communications

Brand Experience Delivery Programme

Product Positioning Development

Internal Management Review

Market Screening

Product Screening

Gap-Opportunity Analysis

Product Concept Generation

Testing of Product Concepts

Product Interrogation

Competitor Benchmarking

Base-Line Segmentation Research

Impact Assessment

Business Case

Product Adoption

Channel Management

Key Account Management for critical customers

Intermediary and Re-seller Business Development

Internationalisation

The Process

Export Readiness

International Market Research

New International Market Entry

Think Global – Act Local

Translation Tips

International Market Development

Management Team and Location

Integrated Marketing Communications

Sponsorship

Summary

Chapter 5:

Marketing Gearbox: Decisions for Stage Three/The Next Level

Transition Stage

Introduction

Next Level Transition Stage Overview

Company Characteristics

Company Goals

Marketing Objectives

Communication Objectives

Communication Tools

Directional Policy Matrix (DPM) Analysis

DPM Process

Annual Marketing Plan

Entrepreneur Marketing Insights – Winning Decisions

Integrated Marketing Programmes to Create a Top European

Brand Mark Bezner, Joint Managing Director, OLYMP Bezner

GmbH & Co. KG

Integrated Marketing Communications: A New Corporate

Identity that had to Be Born Global

Peter Conlon, Chief Executive Officer, Xsil Ltd

New Market Entry – A Winning Formula

Monica Eisinger, President and CEO, MIND CTI Ltd (Nasdaq:

MNDO and TASE)

Lateral Thinking for Brand Creative

Cormac Hanley, Founder, Oasis Design Group

E-Business Strategy and the Internet

Angela Kennedy, Business Director, Megazyme International

Ireland Ltd

New Product Adoption

Gerry McCaughey, Managing Director, Century HomesErnst & Young Industry Entrepreneur Of The Year ®

2003,

Ireland

World-Class New Product Development

Martin McVicar, Managing Director, Combilift Ltd

Ernst & Young Entrepreneur Of The Year ® 2001, Ireland

Marketing Through a Manufacturers Representative

Distribution in North America.

Terence Monaghan, Chief Executive Officer, BetaTHERM

Sensors

A Winning Product Strategy

Fionan Murray, Chief Executive Officer, LeT Systems Ltd

From a Personal-Based Brand to Leadership Brand Position

Padraig O’Ceidigh, Managing Director, Aer Arann

Ernst & Young Entrepreneur Of The Year® 2002, Ireland

Partnering: A Driver for Innovation and Growth

Lirio Albino Parisotto, President, Videolar

Ernst & Young Entrepreneur Of The Year 2002 Brazil

International Marketing and Expansion: A “Local Global”

Strategy

Mario Moretti Polegato, President, Geox International S.r.l

Ernst & Young Entrepreneur Of The Year ® 2002, Italy

Brand Building – Without the Budget

Richard Reed, Co-Founder, Innocent Drinks

Ernst & Young Young Entrepreneur Of The Year ® 2003

United Kingdom

Keeping the Brand Relevant and Differentiated

Les Schirato, Chief Executive Officer, Cantarella Bros. Pty. Ltd

Ernst & Young Young Retail, Consumer & Industrial Products

Entrepreneur Of The Year ® 2001, Australia

Glossary of Terms

References

L

I S T OF

F

IGURES

Figure 1: The Four Go-To-Market Processes

Figure 1.1: Importance of Marketing for Business Success

Figure 1.2: Marketing Is Key when Presenting to Funders

Figure 1.3: Winning Marketing Decisions and Growth Stage Map

Figure 1.4: Business Growth Driver Matrix

Figure 2.1: Stalled Versus Growing Companies

Figure 2.2: Market Intelligence Foundation for Marketing Planning

Figure 2.3: Market Research Steps

Figure 2.4: Why Consumers Buy Brands

Figure 2.5: How Consumers Buy Brands

Figure 2.6: Assessing Market Attractiveness

Figure 3.1: Questions to Help you Define your Mission Statement

Figure 3.2: Generating Combination Names

Figure 3.3: Brand Logos

Figure 3.4: Early Adopters of a New Product

Figure 3.5: Channel Model Illustration

Figure 3.6: Communication Flows, Barriers and Accelerators

Figure 3.7: Difference between Consumer and Business Communications

Figure 3.8: Communication Objectives and Tools by Stage of Growth

Figure 3.9: Ranking of Communication Tools by Objective

Figure 3.10: A Willing Buy Is a Successful Sale

Figure 3.11: Structuring the Sales Force

Figure 3.12: Buyer Personality Types

Figure 3.13: Key Criteria for a Buyer of Professional Services

Figure 3.14: The 15 Minute Sales Pitch to a Funder

Figure 3.15: Using Guarantees as a Promotional Tool

Figure 4.1: Market Research Process

Figure 4.2: Segmentation Research Steps

Figure 4.3: From “Personal Brand” to “Leadership Brand”

Figure 4.4: Branding as the Competitive Strategy

Figure 4.5: Brands and Buyer Behaviour

Figure 4.6: How a Leadership Brand Is Built

Figure 4.7: Brand Position Segmentation Research

Figure 4.8: Brand Beckon Communications

Figure 4.9: Brand Breathe Delivery

Figure 4.10: Product Concept Elements

Figure 4.11: How Consumers Value a Service

Figure 4.12: Product Adoption

Figure 4.13: Relationship Levels with Key Account Customers

Figure 4.14: Devising a Key Account Strategy

Figure 4.15: A Key Account Organisation and Relationship Map

Figure 4.16: KAM Performance Measures

Figure 4.17: Intermediary Ranking Map of Suppliers

Figure 4.18: Process of Internationalisation

Figure 4.19: Cross-Cultural Communications: Differences that InfluenceMarketing Communications and Selling

Actions

Figure 4.20 Doing Business in the USA

Figure 4.21 Doing Business in Japan

Figure 4.22 Doing Business in Western and Central Europe and France

Figure 4.23 Doing Business in Germany

Figure 5.1: Deciding Market Attractiveness Factors for the DPM Analysis

Figure 5.2: Assessing Market Position in the DPM Analysis

Figure 5.3: Market Positions Mapped in Markets and Strategic

Implications

Figure 5.4: Marketing: Objectives, Strategies and Actions

Figure 5.5: “Miles & More” Promotion

Figure 5.6: Shop Display

Figure 5.7: Xzil Logo: May 2000–Jan 2002

Figure 5.8: The New Xsil Logo: March 2002+

Figure 5.9a: Munich Trade Show – Xsil Launch, March 2002

Figure 5.9b: Xsil Booth Bar – great networking strategy

Figure 5.10: Source: Semiconductor International Magazine June/July

Edition 2003

Figure 5.11: Mind Logo

Figure 5.12: Identity Design Process

Figure 5.13: New Brand Personality Applications

Figure 5.14: The Combilift

Figure 5.15: Images from a Geox Shop

Figure 5.16: Magic Geox and his Website (www.magicgeox.it)

Figure 5.17: Geox Logo

Figure 5.18: The First Ever Dancing Grass Van to Tour the Streets of the

UK and Ireland In 2002

Figure 5.19: Nina Talking to a Consumer on the Banana Phone

Figure 5.20: The Innocent Website

Figure 5.21: Fruitstock

Figure 5.22: Vittoria Cafes

Figure 5.23: The “White Coffee Bean”

Figure 5.24: The “Award Winning Restaurant” Campaign

L

I S T OF

T

EMPLATES

Chapter 2

Template 1: PEST Analysis for Market Drivers and Market Strategy

Template 2: Market Segmentation

Chapter 3

Template 3: Market Research Process

Template 4: Channel Decision Process.

Template 5: Advertising Campaign Planning Process

Template 6: Request for Proposal for Media Relations Services to

Company X

Template 7: Direct Mail Marketing

Template 8: Brand/Product Position Statement – To Drive All Marketing

Communications – During the Emerging Stage

Template 9: Corporate Brand: Integrated Marketing Communication

Programme for Start Up and Emerging Stage

Chapter 4

Template 8: Brand/Product Position Statement – To Drive All Marketing

Communications – During the Rapid Growth Stage

Template 9: Corporate Brand – Integrated Marketing Communication

Programme for Rapid Growth and Next Level Stages

Template 10: Corporate Brand Position Development Process

Template 11: Advertising Agency Creative Brief and Media Planning

Template 12: Corporate Brand Position Experience Programme

Template 13: Product Positioning Development and Launch Process

Template 14: Key Account Management

Template 15: Intermediary Corporate Brand Positioning Development

Process

Template 16: International Expansion Strategy Development

Template 17: Product Adaptation for International Markets

Chapter 5

Template 18: DPM Analysis of Market Positions and Market Attractiveness

Template 19 Marketing Planning Process Insights, Tips and Templates

Template 20: Market Plan Document

L

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E

XAMPLES

Example 2.1: Base-Line Segmentation Study for a Financial Services

Company

Example 2.2: Attitudinal Statements that were Asked in a Financial

Services Segmentation Survey

Example 2.3: Buying Process Questions that were Asked in a Financial

Services Segmentation Survey

Example 2.4: Questions from a Financial Services Segmentation Survey

Example 2.5: Customer Clusters In Retail Financial Services Market

Example 2.6: Brand/Product Positioning and Marketing Communications for One of the Financial Services Customer Clusters/Market

Segment – Keen Learners

Example 3.1: Focus Group Research on Corporate Brand/New Product for a

Financial Services Company

Example 4.1: Brand Positioning Used in Research for a Financial Services

Company

Example 4.2: Research Feedback and Analysis on a Brand Positioning

Example 4.3: Product Screening Information for a Financial Services

Product

Example 4.4: A Financial Services Intermediary Segmentation

Example 4.5: A Financial Services Intermediary Branded Concept and

Segment Response

L

I S T OF

C

HECKLISTS

Checklist 3.1: Winning Sales and Information Brochures

Checklist 3.2: Winning Trade Shows and Exhibitions

Checklist 3.3: Winning Conferences

Checklist 3.4: Winning Open Days

Checklist 3.5: Crisis Response

Checklist 3.6: Media Relations Agency Proposal Performance Criteria

Checklist 3.7: All Direct Marketing Communications.

Checklist 4.1 Deciding a Sponsorship Involvement

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