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Session 05

Entrepreneurial Marketing


     Bygrave & Zacharakis, 2007. Entrepreneurship,
                 New York: Wiley. Ā©
Sudahkah anda lakukan?
ā€¢ Tugas Pribadi ā€“ session summary
ā€¢ Tugas Kelompok ā€“ business ideas
  ā€“ Ide individu
  ā€“ Brainstorming
  ā€“ Ide kelompok ā€“ idea multiplication




            Bygrave & Zacharakis, 2007. Entrepreneurship,
                        New York: Wiley. Ā©
entrepreneurial marketing
 INFRASTRUCTURE                      OFFER                      CUSTOMER
                    PARTNER                       CUSTOMER
                    NETWORK                     RELATIONSHIPS
    CORE                             VALUE                      CUSTOMER
 CAPABILITIES                     PROPOSITION                   SEGMENTS
                     ACTIVITY                   DISTRIBUTION
                  CONFIGURATION                  CHANNELS



                      COST          FINANCE       REVENUE
                   STRUCTURE                      STREAMS


an organizational function and a set of processes for creating,
communicating, and delivering value to customers and for managing
customer relationships in ways that benefit the organization and its
stake holders - - - definition of marketing by the American Marketing
Association
ļƒ˜Marketing practices vary depending on the type of company and the
products and services it sells.
Entrepreneurial Marketing
               Why Marketing is Critical for Entrepreneurs


 ļƒ˜Because no venture can become established and grow
 without a customer market;

 ļƒ˜Because it is difficult and expensive to bring new products
 and services to market;

 ļƒ˜To differentiate product or service to customers makes the
 company distinctive and valuable;

 ļƒ˜Companies must be able to switch marketing gears quickly
 to attract new customer segments.

                  Bygrave & Zacharakis, 2007. Entrepreneurship,
                              New York: Wiley. Ā©
Entrepreneurial Marketing
               Entrepreneurs Face Unique Marketing Challenges


   ļƒ˜limited resources in financial, managerial, and time;

   ļƒ˜limited market information;

   ļƒ˜decision-making inclined to be muddled by personal biases
   and beliefs;

   ļƒ˜poorly established relations with multiple audiences.



                  Bygrave & Zacharakis, 2007. Entrepreneurship,
                              New York: Wiley. Ā©
Entrepreneurial Marketing
                Acquiring Market Information

 ļƒ˜Marketing research could cover information such as:
 -Product attributes important to customers;
 -Possibility of customersā€™ buying willingness by marketing behaviors;
 -Market trend;
 -The location of the customersā€™ preference.

 ļƒ˜Two basic types of market data
 Secondary data; economical and usually used to collect baseline
 information;
 Primary data; and the limitations of such data.

                   Bygrave & Zacharakis, 2007. Entrepreneurship,
                               New York: Wiley. Ā©
Entrepreneurial Marketing
               Marketing Strategy for Entrepreneurs



 ļƒ˜A companyā€™s marketing strategy must closely align
 with its resources and capabilities;


 ļƒ˜Segmentation, targeting, and positioning are key
 marketing dimensions that set the strategic framework.




                  Bygrave & Zacharakis, 2007. Entrepreneurship,
                              New York: Wiley. Ā©
Entrepreneurial Marketing
         Marketing Strategy for Entrepreneurs/the Marketing Mix

                                      promotion


          Product
          Strategy




                                                                place
          Pricing Strategy


                Bygrave & Zacharakis, 2007. Entrepreneurship,
                            New York: Wiley. Ā©
Entrepreneurial Marketing
                      Guerilla Marketing


 ļƒ˜Guerilla marketing acts as non-traditional, grassroots, and
 captivating ā€“ that gain consumersā€™ attention and build
 awareness of the company.

 ļƒ˜Word-of-Mouth marketing, Buzz marketing, and Viral
 Marketing.

 ļƒ˜Other issues in Guerrilla Marketing.



                Bygrave & Zacharakis, 2007. Entrepreneurship,
                            New York: Wiley. Ā©
Entrepreneurial Marketing
                   Marketing Skills for Managing Growth



ļƒ˜Understanding and Listening to the Customer


ļƒ˜Building brand awareness and building brand equity




             Bygrave & Zacharakis, 2007. Entrepreneurship,
                         New York: Wiley. Ā©
Entrepreneurial Marketing
                                      Conclusion


ļƒ˜Marketing is a delicate balance of art and science.

ļƒ˜It is necessary for entrepreneurs to scale up or change
focus.




                Bygrave & Zacharakis, 2007. Entrepreneurship,
                            New York: Wiley. Ā©
Studi Kasus
Mini, mahasiswa salah satu perguruan tinggi, mempunyai
ide untuk memproduksi tas notebook. Ide ini timbul setelah
melihat larisnya casing handphone, khususnya di kalangan
remaja perempuan. ā€œDengan desain yang menarik, pasti
banyak peminatnya,ā€ demikian lamunan Mini. Untuk
mengembangkan idenya, Mini mengunjungi beberapa toko
yang menjual tas notebook. Namun, semangatnya agak
kendor saat mengetahui, bahwa tas notebook telah banyak
beredar di pasar. Mini, kini, agak ragu untuk melanjutkan
idenya. Anda adalah entrepreneur sejati. Bila anda berada
pada posisi Mini, apa yang anda lakukan? Bila ide tersebut
terus dilanjutkan, apa yang harus dilakukan? atau Quit from
the business? Jelaskan!

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Session05 pt

  • 1. Session 05 Entrepreneurial Marketing Bygrave & Zacharakis, 2007. Entrepreneurship, New York: Wiley. Ā©
  • 2. Sudahkah anda lakukan? ā€¢ Tugas Pribadi ā€“ session summary ā€¢ Tugas Kelompok ā€“ business ideas ā€“ Ide individu ā€“ Brainstorming ā€“ Ide kelompok ā€“ idea multiplication Bygrave & Zacharakis, 2007. Entrepreneurship, New York: Wiley. Ā©
  • 3. entrepreneurial marketing INFRASTRUCTURE OFFER CUSTOMER PARTNER CUSTOMER NETWORK RELATIONSHIPS CORE VALUE CUSTOMER CAPABILITIES PROPOSITION SEGMENTS ACTIVITY DISTRIBUTION CONFIGURATION CHANNELS COST FINANCE REVENUE STRUCTURE STREAMS an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stake holders - - - definition of marketing by the American Marketing Association ļƒ˜Marketing practices vary depending on the type of company and the products and services it sells.
  • 4. Entrepreneurial Marketing Why Marketing is Critical for Entrepreneurs ļƒ˜Because no venture can become established and grow without a customer market; ļƒ˜Because it is difficult and expensive to bring new products and services to market; ļƒ˜To differentiate product or service to customers makes the company distinctive and valuable; ļƒ˜Companies must be able to switch marketing gears quickly to attract new customer segments. Bygrave & Zacharakis, 2007. Entrepreneurship, New York: Wiley. Ā©
  • 5. Entrepreneurial Marketing Entrepreneurs Face Unique Marketing Challenges ļƒ˜limited resources in financial, managerial, and time; ļƒ˜limited market information; ļƒ˜decision-making inclined to be muddled by personal biases and beliefs; ļƒ˜poorly established relations with multiple audiences. Bygrave & Zacharakis, 2007. Entrepreneurship, New York: Wiley. Ā©
  • 6. Entrepreneurial Marketing Acquiring Market Information ļƒ˜Marketing research could cover information such as: -Product attributes important to customers; -Possibility of customersā€™ buying willingness by marketing behaviors; -Market trend; -The location of the customersā€™ preference. ļƒ˜Two basic types of market data Secondary data; economical and usually used to collect baseline information; Primary data; and the limitations of such data. Bygrave & Zacharakis, 2007. Entrepreneurship, New York: Wiley. Ā©
  • 7. Entrepreneurial Marketing Marketing Strategy for Entrepreneurs ļƒ˜A companyā€™s marketing strategy must closely align with its resources and capabilities; ļƒ˜Segmentation, targeting, and positioning are key marketing dimensions that set the strategic framework. Bygrave & Zacharakis, 2007. Entrepreneurship, New York: Wiley. Ā©
  • 8. Entrepreneurial Marketing Marketing Strategy for Entrepreneurs/the Marketing Mix promotion Product Strategy place Pricing Strategy Bygrave & Zacharakis, 2007. Entrepreneurship, New York: Wiley. Ā©
  • 9. Entrepreneurial Marketing Guerilla Marketing ļƒ˜Guerilla marketing acts as non-traditional, grassroots, and captivating ā€“ that gain consumersā€™ attention and build awareness of the company. ļƒ˜Word-of-Mouth marketing, Buzz marketing, and Viral Marketing. ļƒ˜Other issues in Guerrilla Marketing. Bygrave & Zacharakis, 2007. Entrepreneurship, New York: Wiley. Ā©
  • 10. Entrepreneurial Marketing Marketing Skills for Managing Growth ļƒ˜Understanding and Listening to the Customer ļƒ˜Building brand awareness and building brand equity Bygrave & Zacharakis, 2007. Entrepreneurship, New York: Wiley. Ā©
  • 11. Entrepreneurial Marketing Conclusion ļƒ˜Marketing is a delicate balance of art and science. ļƒ˜It is necessary for entrepreneurs to scale up or change focus. Bygrave & Zacharakis, 2007. Entrepreneurship, New York: Wiley. Ā©
  • 12. Studi Kasus Mini, mahasiswa salah satu perguruan tinggi, mempunyai ide untuk memproduksi tas notebook. Ide ini timbul setelah melihat larisnya casing handphone, khususnya di kalangan remaja perempuan. ā€œDengan desain yang menarik, pasti banyak peminatnya,ā€ demikian lamunan Mini. Untuk mengembangkan idenya, Mini mengunjungi beberapa toko yang menjual tas notebook. Namun, semangatnya agak kendor saat mengetahui, bahwa tas notebook telah banyak beredar di pasar. Mini, kini, agak ragu untuk melanjutkan idenya. Anda adalah entrepreneur sejati. Bila anda berada pada posisi Mini, apa yang anda lakukan? Bila ide tersebut terus dilanjutkan, apa yang harus dilakukan? atau Quit from the business? Jelaskan!