Strategy 2022 - ITI-1
Strategy 2022 - ITI-1
Strategy 2022 - ITI-1
Strategy
Session Outline:
-Introduction.
-Marketing Planning VS. Marketing Strategy.
-Market Research.
-SOSTAC Planning system.
INTRODUCTION
WHAT IS MARKETING?
“The science and art of exploring, creating, and delivering value to
satisfy the needs of a target market at a profit.
Marketing identifies unfulfilled needs and desires. It defines,
measures and quantifies the size of the identified market and the
profit potential. It pinpoints which segments the company is
capable of serving best and it designs and promotes the
appropriate products and services.” – Philip Kotler
Marketing Strategy Vs. Marketing Plan
Example:
Business goal: To grow sales by 20 percent year-over-year
Survey Research ︎ ︎
Survey Research involves gathering primary data by asking
people questions about their knowledge, attitudes, preference,
and buying behaviors.
Research Tool: Questionnaires.
! Questionnaire type: Close-ended questions measure how
many people think in a certain way.
3-Research Approaches/Quantitative.
Survey Research︎︎/ Close-ended questions
Research Tool: Questionnaires.
3-Research Approaches/Quantitative.
Behavioral Data
Customers leave traces of their
purchasing behavior in store
scanning data, catalog
purchases, and customer
databases. Marketers can learn
much by analyzing these data.
Actual purchases reflect ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎
3-Research Approaches/Qualitative.
Survey Research ︎ ︎
Survey Research involves gathering primary data by asking
people questions about their knowledge, attitudes, preference,
and buying behaviors.
Research Tool: Questionnaires.
! Questionnaire type: Open-ended questions measure how
many people think in a certain way.
3-Research Approaches/Qualitative.
Focus Group
Market research focus groups
are controlled interviews of a
target audience that are led by
facilitators.
Participants in a focus group are
selected based on a set of
predetermined criteria, such as
location, age, socioeconomic
status, race, and more.
6 to 10 people - Recorded
3-Research Approaches/Qualitative.
Observational Research
Observational research is a qualitative
research method where the target
respondent/subject is observed and
analyzed in their natural/real-world
setting.
Research Instruments:
• Shadowing is observing people in
their daily routine.
• Behavior mapping is photographing
people with in a space to monitor
their behavior.
5-Sampling plan.
https://www.scribbr.com/methodology/sampling-methods/
6-Contact Methods.
In-Person Interviews
Getting information in person may be the most
personal approach and most effective way of gaining
trust and cooperation from the respondent. It is easier
to react to puzzled facial expressions, answer
questions, probe for clarification, or redirect
responses.
Telephone interviews
Less expensive than in-person interviews and may be
more or less expensive than mailings, depending on
the numbers involved.
Online Questionnaires
he use of online questionnaires is very
popular. Online questionnaires are the least
expensive way to reach the greatest number of
people – globally.
Online questionnaires may look easy to create,
but in fact are just as difficult as mailed
questionnaires to do well. Email invitations,
reminders, and the surveys themselves must
be designed to be “responsive” to whatever
type of device the respondent uses to take the
survey, adjusting text sizes and graphics so
that they are easily readable.
Once designed, online questionnaires can be
easily stored and used from year to year,
revising, as necessary.
6-Contact Methods.
SITUATION ANALYSIS
1-Our Business
SWOT Analysis
Buyer Persona
5S’s Performance & KPI’s
4.3-Market
Porter’s Five Forces
4.2-Competitors
Competitive Analysis
BUSINESS OBJECTIVES
VS.
MARKETING OBJECTIVE
MARKETING STRATEGY
1-STP (Segmentation - Targeting - Positioning)
2-Targeting
3-Positioning
2-Buyer’s Journey & Sales Funnels.
Buyer’s journey
Sales Funnel
TACTICS
1-Marketing Mix (7p’s).
3-Platforms.
2-Branding.
3-Campaign Planning.
ASK ME ANYTHING!