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Lecture Basic Marketing: A global managerial approach - Chapter 19: Developing innovative marketing plans

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In this chapter you will learn: Know the content of and differences among strategies, marketing plans, and a marketing program; know how to use S.W.O.T. analysis and other planning approaches to zero in on a marketing strategy that fits the firm''s objectives and resources and meets customers'' needs; understand why the product classes and typical mixes are a good starting point for planning;...

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Developing

Innovative

Marketing Plans

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Plan

Program

Strategies, Plans, and Programs

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Needs and other

Segmenting

Dimensions

Company

Objectives

& Resources

Competitors

Current &

Prospective

S.

W.

O.

T.

Target Market

Product Place

Promotion Price

Segmentation

& Targeting

Positioning&

Differentiating

Strategic Market Planning Process

Narrowing down to focused strategy

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External Factors

Strategy Planning

Internal Factors

S.W.O.T Analysis

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Trend Extension Leading Series

Indices Sales Forecast

Key Terms and Concepts

in Forecasting

Factor Method Time Series

Jury of Executive

Forecasting Market Potential and Sales

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A trend extension simply extends past experience  into the future.  When factors influencing sales are  predictable, this can be useful.  A weakness in this  method though is that conditions tend to change 

more often than they stay the same.

Years

0

Actual sales

Trend

Straight-Line Trend Projection

Exhibit 19­4

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sales, costs, and profits for “reasonable” 

Spreadsheet “What If” Questions

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Licensing

Contract Manufacturing

Management Contracting

Joint Venturing

Wholly Owned Subsidiaries

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Planning for International Marketing

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