This document discusses strategic and tactical marketing, including analyzing market opportunities and consumers. It covers the Boston Consulting Group matrix for classifying business units, designing business portfolios, PESTEL analysis, Porter's Five Forces model, and the importance of market research and understanding consumer buyer behavior for effective marketing.
This document discusses strategic and tactical marketing, including analyzing market opportunities and consumers. It covers the Boston Consulting Group matrix for classifying business units, designing business portfolios, PESTEL analysis, Porter's Five Forces model, and the importance of market research and understanding consumer buyer behavior for effective marketing.
This document discusses strategic and tactical marketing, including analyzing market opportunities and consumers. It covers the Boston Consulting Group matrix for classifying business units, designing business portfolios, PESTEL analysis, Porter's Five Forces model, and the importance of market research and understanding consumer buyer behavior for effective marketing.
Strategic Marketing and Tactical Marketing Market Opportunity Analysis and Consumer Analysis
Strategic marketing ① It is the base for the long term planning of the firm. ② The firm starts defining the company’s mission. ③ T h e m a n a g e m e n t m u s t p l a n the business portfolio. ④ Identifying the strategic business units (SBU) that are vital to the company. Market Opportunity Analysis and Consumer Analysis
The Boston Consulting Group Matrix (BCG model) According to this matrix, business could be classified as high or low according to their industry growth rate and relative market share.
• Relative Market Share = SBU Sales this year/ leading competitors sales this year x100 • Market Growth Rate = Industry sales this year – Industry Sales last year/Industry sales last year x 100 Market Opportunity Analysis and Consumer Analysis
Market Opportunity Analysis and Consumer Analysis
The Boston Consulting Group Matrix (BCG model) ① Stars represent business units having large market share in a fast growing industry. ② Cash Cows represent business units having a large market share in a mature, slow growing industry. ③ Question marks represent business units having low relative market share and located in a high growth industry. ④ Dogs represent businesses having weak market shares in low-growth markets. Market Opportunity Analysis and Consumer Analysis
Designing the business portfolio also means looking at future businesses. The product/market expansion grid is a portfolio-planning tool for identifying company growth opportunities Market Opportunity Analysis and Consumer Analysis
The Marketing Environment Macro-environment analysis tool 1: PESTEL Trends Market Opportunity Analysis and Consumer Analysis
The Marketing Environment 2: Industry Analysis Macro-environment analysis tool
Porter’s Five Forces of Competitive Position Analysis
Market Opportunity Analysis and Consumer Analysis
The Marketing Environment Macro-environment analysis tool 3: Key Factors for Success and SWOT
Market Opportunity Analysis and Consumer Analysis
Microenvironment analysis Market Opportunity Analysis and Consumer Analysis
Customer Insights Marketing relies on good customer information, Therefore, companies must design marketing information systems (MIS). Market Research