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Making Marketing Decisions
Making Marketing Decisions
MANAGERIAL
MANAGEMENT
1. Accuracy in Targeting
Specific
Measurable
Attainable
Realistic
Time-bound
☑ Market Penetration ☑ Product Development
How to get a bigger share in our current Creating new products or improving
market. existing ones.
3. MARKETING
STRATEGIES DECISIONS
☑ Market Segmentation ☑ Diversification
Dividing our audience into groups for Strategies
Exploring new markets or products.
targeted strategies.
☑ Positioning of Products
Deciding how we want our products or
brand to be perceived.
EXAMPLE:
McDonald's McCafé
introduction as a strategy for
product diversification.
4. Company Targets Decisions
5. PRODUCT AND
MARKET SCOPE
DECISIONS
4. Developing
5. Selecting Marketing
Marketing
Mix Elements & Key Strategies
Performance Indicators
7. Evaluating
6. IMPLEMENTING
Marketing
MARKETING PLANS Performance
Conclusion