2. WHAT IS MARKETING STRATEGY?? The primary focus of marketing strategy is to effectively allocate and coordinate marketing resources and activities to accomplish the firm’s objectives within a specific product market. - Walker, Mullin, Boyd, Larreche
3. EVOLVING VIEWS OF MARKETING’S ROLE a. Marketing as an equal function Finance Production Marketing Human resources
5. EVOLVING VIEWS OF MARKETING’S ROLE e. The customer as the controlling function and marketing as the integrative function Customer Marketing Production Human Resources Finance
16. ECONOMIC MODEL: HOW THE BUSINESS MAKES MONEY Morris, M., Schindehutte, M “Teaching Entrepreneurship Students the Concept of a Business Model” Operating Leverage : High/medium/low Revenue Sources : fixed/mixed/flexible Margins : high/medium/low THE ECONOMIC MODEL OF THE BUSINESS Volumes : high/medium/low
17. THE CUSTOMER OF THE FUTURE Chapter 3 INNOVATE OR DIE: CREATING MARKETS AND LEADING CUSTOMERS
18. THE PATHS THAT OFFERINGS CAN TAKE Schindehutte, M. & Morris, M. H. & Pitt, L. (2008). Rethinking Marketing . Upper Saddle River, NJ: Pearson. 46. An Offering Evolves Either by an… An Offering Evolves Either by an… An Offering Evolves Either by an… Extension New and Improved Subversion Use at Odds with Original Intention Diversion Change Use of the Offering Through Social Means Emersion Offering has a Primary Change Effect on People Aspersion Offering Produces Secondary (“side”) Effects
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20. FIRMS’ STANCES TOWARD CREATIVE CONSUMERS Active Passive Negative Positive Firm’s Actions Toward Creative Customers Firm’s Attitude Toward Creative Customers Schindehutte, M. & Morris, M. H. & Pitt, L. (2008). Rethinking Marketing . Upper Saddle River, NJ: Pearson. 57.
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22. DO THE DOGS LIKE THE DOG FOOD? ENTREPRENEURIAL MARKET RESEARCH Chapter 4
23. MARKETING RESEARCH REVIEW The Set-Up The Measurement The Measurement The Management Decision Schindehutte, M. & Morris, M. H. & Pitt, L. (2008). Rethinking Marketing . Upper Saddle River, NJ: Pearson. 69.
24. A BACKWARD APPROACH The Set-Up The Set-Up The Measurement The Management Decision Schindehutte, M. & Morris, M. H. & Pitt, L. (2008). Rethinking Marketing . Upper Saddle River, NJ: Pearson. 69.
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27. Schindehutte, M. & Morris, M. H. & Pitt, L. (2008). Rethinking Marketing . Upper Saddle River, NJ: Pearson. 81.