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Part Three
Part Three
Business Marketing Programming
Chapter 8 Developing and Managing Products Chapter 9 Business Marketing Channels Chapter 10 Creating Customer Dialogue Chapter 11 Communicating via Advertising,
Trade Shows, and PR Chapter 12 The One-to-One Media Chapter 13 Sales and Sales Management Chapter 14 Pricing and Negotiating for Value
Chapter 8
PRODUCT:
COMPETITIVE A Benefit That Satisfies a Customer ADVANTAGE: Better than a Competitors Product Benefits
8-5
Sales
Redirect focus & promotion Invest in expanding production Build inventory Expand distributor network Train expanded sales force Institute marketing controls Invest heavily in advertising Target on best prospects: innovators and enthusiasts Use most loyal distributors Use free samples Use public demonstrations and trade shows Use publicity and endorsements Use specialist media & catalogs
Development
Introduction
Growth
Maturity
Decline
Time
Exhibit 8-2
8-7
THE BCG MATRIX: MEASURING MARKET GROWTH AND MARKET SHARE BCG Matrix
Question Marks Dogs
Stars
Market Growth Rate
Cash Cows
Attractive
Unattractive
Exhibit 8-3
Weak Business Strength Size of Market & Share Company Growth Rate Profit Margins Technology Platform Image People
8-9
Customers Linked to Broken down Process desired product into Characteristics benefits characteristics component part characteristics
Production Controls
Exhibit 8-5
8-11
A CORPORATE CULTURE THAT SUPPORTS INNOVATION a desire for growth, improvement A FOCUS ON OPPORTUNITY RISK INSTEAD OF INVESTMENT RISK A VISION OF WHAT THE NEW PRODUCT IS TO ACCOMPLISH A STRUCTURED DEVELOPMENT PROCESS A LONG-TERM PERSPECTIVE
8-13
EQUALS
SUCCESSFUL PRODUCT
8-15