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Marketing Strategy
Chapter 8
Marketing
Implementation
Chapter 8
Marketing Implementation
Marketing implementation is the process of executing the marketing strategy by creating specific actions that will ensure that the marketing objectives are achieved. Marketing strategies almost always turn out differently than anticipated because of the difference between intended marketing strategy and realized marketing strategy.
Intended marketing strategy is what the organization wants to happen; it is the organization's planned strategic choice. Realized marketing strategy is the strategy that actually takes place. The difference between the intended and realized strategy is more often than not the result of the way the intended marketing strategy is implemented.
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Managers often assume that there is one correct way to implement a given strategy.
Just as strategy often results from trial and error, so does marketing implementation. The fact that marketing is customer-driven (marketing concept) requires that the organization be flexible enough to alter its implementation to counter changes in its customers' preferences or the competitive environment.
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Because top managers are separated from the "front line" of the organization, they often do not understand the unique problems associated with implementing marketing strategies.
Conversely, those employees who do understand the problems of marketing implementation usually have no voice in developing the marketing plan.
Another trap that top managers often fall into is believing that lower-level managers and frontline employees will be excited about the marketing strategy and motivated to implement it.
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Implementation
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Organizations Resources
Organization assets may be tangible or intangible
Tangible resources include financial resources, manufacturing capacity, facilities, and equipment. Intangible resources include marketing expertise, customer loyalty, and external relationships/strategic alliances.
A critical and honest evaluation of available resources during the environmental and SWOT analyses can help ensure that the marketing strategy and marketing implementation are within the realm of possibility.
Once the marketing plan is completed, the manager must seek the approval of needed resources from top management.
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Organizations People
The implementation of any marketing strategy depends on the quality, diversity, and skills of the firm's work force.
People are considered by many as the 5th P of marketing. The people component also includes employee selection and training, reward policies, employee motivation, commitment, and morale.
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Organizations Leadership
Leaders are responsible for establishing the corporate culture necessary for implementation success. Marketing implementation is more successful when leaders create an organizational culture characterized by open communication between employees and managers. One of the most important tasks leaders perform is to motivate their employees to give their best effort. A final trait that all leaders possess is a leadership style, or way of approaching a given task.
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Internal Prices
Employees job-related changes
Internal Distribution
How the marketing strategy is communicated (e.g., planning sessions, workshops, formal reports, employee training)
Internal Promotion
Informing and persuading employees about the merits of the marketing strategy (e.g., speeches, newsletters, etc.)
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Employee compensation programs must be linked to the implementation of the marketing strategy.
The organization should be characterized by open communication among all employees, regardless of organizational level. Organizational structures, policies, and processes should match the marketing strategy to ensure that the strategy is capable of being implemented.
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Weeks Conduct customer surveys Analyze data, present findings Develop point-of-purchase materials Conduct sales force training Roll out program in selected regions with personal and mass promotion
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