Hermawan Kartajaya One of 50 Gurus who Have Shaped the Future of Marketing, chosen by the Chartered Institute of Marketing (CIM-UK) President of World Marketing Association (WMA) Founder and President of MarkPlus&Co Super Branding and Marketing for Financial Services National Accountants Conference (NAC) 2004 Organized by Malaysian Institute of Accountants Kuala Lumpur, October 12-13, 2004 Edited by: Bembi Dwi Indrio M. 1 Hermawan Kartajaya - President, World Marketing Association (WMA) - Founder & President, MarkPlus&Co - One of 50 Gurus who have shaped the future of Marketing – chosen by CIM UK 2 Our International Books 3 Nanyang Business Review Special Global Brand Forum Edition 2004 Guest Editors: • Philip Kotler • Hermawan Kartajaya • Karthik Siva 4 The 4C-Diamond Model: Value-migrator CHANGE Important/Unimportant Certain/Uncertain Technology Pol-Leg Economy Soc-Cul Market Value-supplier COMPETITOR Winner,Loser,Emerging TOWS Value-demander CUSTOMER Committed,Lost,New Examination Value-decider COMPANY Existing-competence,Risk-attitude,Stretch-possibilities CHOICE Go/Invest Harvest No Go/Hold Divest 5 Nine Core Elements of Market-ing Positioning-Differentiation-Brand Triangle Brand Integrity POSITIONING DIFFERENTIATION Being Strategy Core Tactic BRAND Value Indicator 7 Strategy: How to Win Mind Share 8 Tactics: How to Win Market Share 9 Marketing Mix Integrate Offer and Access C C E S S PROMOTION F A O PLACE F E R PRODUC T PRICE 10 Relationship Selling Integrate Company and Customer 11 Value: How to Win Heart Share 12 The Progression of Economic Value: From Product-centric to Customer-centric VENUS Customer-centric Differentiated Exciting Relevant to Guide TRANSFORMATIO N Customization Stage EXPERIENCES Solution Sensation COMPETITIVE POSITION Customization Commoditization Deliver SERVICES Satisfaction Customization Needs of Customers Commoditization Make GOODS Commoditization Extract Undifferentiated Irrelevant to COMMODITIES Premium Market PRICING MARS Boring Product-centric Source: Gilmore, James H. & Pine II, Joseph B. The Experience Economy, Harvard Business School Pres, 1999. p. 16 13 Competitive Value offer interaction between three main stakeholders and the company Functional Benefit+Emotional Benefit Price + Other Expenses Compensation+Self-fulfillment Professional Engagement+Personal Involvement Competency-market Worker Buyer Commercial-market Revenue + Cash Offer + Improvement Productivity + Creativity Reward + Development Company Monetary + Non-monetary Return + Growth Investor Dividend + Gain Price + Opportunity Cost Capital-market 14 Converting the Three Main Stakeholders: 15 The 10 Credos of Compassionate Marketing: 1. Love Your Customers, Respect Your Competitors. 2. Be Sensitive to Change, Be Ready to Transform. 3. Guard Your Name, Be Clear on Who You Are. 4. Customers are Diverse, Go First to Who Really Needs You. 5. Always Offer a Good Package at A Fair Price. 6. Always Make Yourself Available, Spread the Good News. 7. Get Your Customers, Keep and Grow with Them. 8. Whatever Your Business, It is a Service Business. 9. Always Refine Your Business Process In Terms of Quality, Cost and Delivery. 10. Gather Relevant Information, But Use Wisdom in Making Your Final Decision. 16 Thank You! MarkPlus&Co www.markplusnco.com E-mail: info@markplusnco.com 17