Strategic Marketing Topic: Strategic Control of Marketing Strategy Presented To: Mr. Zia-ur-Rehman Presented By: M.Hashaam Roll no. : AM552381 2003 Prentice Hall, Inc. Acknowledgment First of all thanks of Allah who is most beneficent and the most merciful whose blessings are abundant and favors are unlimited. It is my pleasure to acknowledge the guidance and support of my subject Teacher: Mr. Zia-ur-Rehman for his endless guidance. 2003 Prentice Hall, Inc. Strategic Control of Marketing Strategy Control involve setting standards of performance, evaluating actual performance against standards and, if the deviations are intolerable, taking corrective action. 2003 Prentice Hall, Inc. Strategic Control of Marketing Strategy Types of Control
Annual plan Profitability Efficiency Strategic Responsibility of top and middle management Examines whether planned results are achieved 2003 Prentice Hall, Inc. Strategic Control of Marketing Strategy Five tools are used to evaluate annual plan performance: Sales analysis Market-share analysis Marketing expense-to-sales analysis Financial analysis Market-based scorecard analysis 2003 Prentice Hall, Inc. Strategic Control of Marketing Strategy Types of Control
Annual plan Profitability Efficiency Strategic Responsibility of marketing controller Examines where the company is making and losing money 2003 Prentice Hall, Inc. Strategic Control of Marketing Strategy Four tools are used to evaluate profitability: Profitability by Product Territory Market Segment Trade Channel Order Size 2003 Prentice Hall, Inc. Strategic Control of Marketing Strategy Types of Control
Annual plan Profitability Efficiency Strategic Responsibility of line & staff and / or marketing controller Evaluates and attempts to improve spending efficiency of marketing expenditures 2003 Prentice Hall, Inc. Strategic Control of Marketing Strategy Four tools are used to evaluate efficiency: Expense Ratio Advertising Effectiveness measures Market Potential Contribution Margin Analysis 2003 Prentice Hall, Inc. Strategic Control of Marketing Strategy Types of Control
Annual plan Profitability Efficiency Strategic Responsibility of top management and marketing auditor Examines whether company is pursuing its best opportunities 2003 Prentice Hall, Inc. Strategic Control of Marketing Strategy Strategic controls should be conducted periodically via: Marketing-effectiveness reviews Marketing audits Additional reviews to consider: Marketing excellence review Ethical and social responsibility review 2003 Prentice Hall, Inc.
2003 Prentice Hall, Inc. Case Study Strategic Control of Marketing Strategy in Siemens LifeStyle Appliances 2003 Prentice Hall, Inc. Siemens LSA Strategic Control Following tools are use in Siemens LSA for Control: Sale Analysis Expense to Sale Ratio Advertising Effectiveness Measures Order Size
2003 Prentice Hall, Inc. SWOT Analysis Strengths High Quality No Competitor International Brand Makes High Profits Tax Free Products Weaknesses High Prices Only for Upper Class Specifically Located 2003 Prentice Hall, Inc. SWOT Analysis Threats Growing Companies in Industry like Orient & Samsung etc. Opportunities Can Capture other classes & Segments Enhance sale with low prices 2003 Prentice Hall, Inc. Conclusion I conclude that Siemens Home have good control on their marketing strategy due to special focus on marketing strategically. Their plans come true due to no competition of their products. 2003 Prentice Hall, Inc. Recommendations I will recommend to Siemens Home that there should be products for other classes or groups to capture the complete market in view of their best quality. 2003 Prentice Hall, Inc. Thank You Any Question ?