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Chapter 23

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33 views7 pages

Chapter 23

Uploaded by

minhkhanhwm2203
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
You are on page 1/ 7

10/1/2023

Chapter
23
Managing a Holistic
Marketing
Organization for the
Long Run

Copyright © 2016 Pearson Education Ltd. 23-1

Trends in
Marketing Practices
• Reengineering • Focusing
• Outsourcing • Justifying
• Benchmarking • Accelerating
• Supplier partnering • Empowering
• Customer partnering • Broadening
• Merging • Monitoring
• Globalizing • Uncovering
• Flattening

Copyright © 2016 Pearson Education Ltd. 23-2

Internal Marketing
• Internal marketing requires that everyone in
the organization accept the concepts and
goals of marketing and engage in identifying,
providing, and communicating customer value

Copyright © 2016 Pearson Education Ltd. 23-3

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10/1/2023

Organizing the Marketing


Department
• Functional organization
• Geographic organization
• Product- or brand-
management organization
• Market-management
Organization
• Matrix-management
Organization

Copyright © 2016 Pearson Education Ltd. 23-4

A Creative
Marketing Organization
• Shift to customer-focus • Develop in-house
• Appoint marketing marketing training
officer & task force • Install marketing planning
• Get outside help system
• Change reward system • Establish annual
• Hire marketing talent recognition program
• Shift to a process-
outcome focus
• Empower employees
Copyright © 2016 Pearson Education Ltd. 23-5

Socially Responsible Marketing

Copyright © 2016 Pearson Education Ltd. 23-6

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Corporate Social Responsibility


• Legal behavior
• Ethical behavior
• Social responsibility behavior
& socially responsible business
models
• Sustainability & greenwashing

Copyright © 2016 Pearson Education Ltd. 23-7

Cause-Related Marketing
• Links the firm’s contributions toward a designated
cause to customers’ engaging directly or indirectly in
revenue-producing transactions with the firm
– Is part of corporate societal marketing (CSM)

Copyright © 2016 Pearson Education Ltd. 23-8

Cause-Related Marketing

Builds brand Enhances


awareness brand image

Establishes
Elicits brand brand
engagement credibility

Creates brand Evokes brand


community feelings

Copyright © 2016 Pearson Education Ltd. 23-9

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Cause-Related Marketing
• Align focus area with • Develop cross-functional
your mission strategy team
• Evaluate institutional • Leverage your assets with
“will” and resources partner(s)
• Analyze competitors’ • Communicate through
cause positioning every channel
• Choose partners • Go local
carefully • Innovate
• Don’t underestimate
program name
Copyright © 2016 Pearson Education Ltd. 23-10

Social Marketing
• Social marketing by nonprofits or government
organizations furthers a cause

Copyright © 2016 Pearson Education Ltd. 23-11

Social Marketing

Copyright © 2016 Pearson Education Ltd. 23-12

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Social Marketing

 Choose target markets ready to respond


 Promote doable behavior in simple terms
 Explain the benefits in compelling terms
 Make it easy to adopt the behavior
 Develop attention-grabbing messages
 Use education-entertainment approach

Copyright © 2016 Pearson Education Ltd. 23-13

Marketing Implementation/Control
• Marketing implementation
– The process that turns
marketing plans into action
assignments and ensures
they accomplish the plan’s
stated objectives
– Marketing resource
management (MRM) software

Copyright © 2016 Pearson Education Ltd. 23-14

Marketing Implementation/Control
• Marketing control
– The process by which firms assess the effects
of their marketing activities and programs and
make necessary changes and adjustments

Annual Plan Control Efficiency Control

Profitability Control Strategic Control

Copyright © 2016 Pearson Education Ltd. 23-15

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Annual plan control


• Marketing metrics
– Sales metrics
– Customer readiness to buy
metrics
– Customer metrics
– Distribution metrics
– Communication metrics

Copyright © 2016 Pearson Education Ltd. 23-16

Strategic Control
• Marketing audit
– A comprehensive, systematic, independent,
and periodic examination of a company’s or
business unit’s marketing environment,
objectives, strategies, and activities, with a
view to determining problem areas and
opportunities and recommending a plan of
action to improve the company’s marketing
performance

Copyright © 2016 Pearson Education Ltd. 23-17

Marketing Audit Components

Marketing Marketing
environment strategy

Marketing Marketing
function organization

Marketing Marketing
productivity systems

Copyright © 2016 Pearson Education Ltd. 23-18

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The Marketing Excellence Review

Copyright © 2016 Pearson Education Ltd. 23-19

The Future of Marketing


• The coming years will see:
– The demise of the marketing department and the rise
of holistic marketing
– The demise of free-spending marketing and the rise
of ROI marketing
– The demise of marketing intuition and the rise of
marketing science
– The demise of manual marketing and the rise of both
automated and creative marketing
– The demise of mass marketing and the rise of
precision marketing

Copyright © 2016 Pearson Education Ltd. 23-20

Holistic Marketing
• CRM • PR marketing
• PRM • Brand-building & brand-
• Database marketing & asset management
data mining • Experiential marketing
• Contact center • Integrated marketing
management & communications
telemarketing • Profitability analysis
• Digital marketing &
social media

Copyright © 2016 Pearson Education Ltd. 23-21

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