04Feb
Hello! In this article we will talk about marketing in simple terms- what is it, why and how to apply it in the enterprise.
Today you will learn:
There are at least 500 definitions of marketing. Often, with such an abundance of definitions of this concept, it is difficult to understand what relates to marketing.
Explaining in plain language marketing is the activity of an organization aimed at making a profit by satisfying the needs of customers.
In a broad sense, many marketers consider marketing as a business philosophy, i.e. the ability to study the market, the pricing system, predict and guess the preferences of customers, effectively communicate with them in order to satisfy the needs of consumers and, accordingly, make a profit for their enterprise.
Based on the definition, it is logical that purpose of marketing in the enterprise is customer satisfaction.
And the well-known economic theorist Peter Drucker notes that the main goal of marketing is to get to know the client so that the product or service can sell itself.
To achieve the goal of the organization, marketing activities involve solving the following tasks:
When solving marketing problems, it is necessary to be guided by the following principles:
Marketing performs a number of functions:
Analytic function involves the study of external and internal factors affecting the organization, the study of consumer tastes and the range of goods. It should be noted that it is necessary to analyze internal environment organizations in order to control competitiveness in the market.
production function includes the development and development of new technologies, the organization of the production of goods and services, the organization of the purchase of material and technical resources necessary for the enterprise. In addition, the production function refers to the management of the quality and competitiveness of the finished product or service, i.e., compliance with the quality of the product in accordance with established standards.
Command and control function ensures the process of planning and forecasting at the enterprise, organization of the communication system, information support and risk management.
Sales function includes the pricing and commodity policy of the organization, provides a system of product distribution and expansion of demand.
Innovative function in marketing plays the role of developing and creating a new product or service.
To solve problems and achieve goals in marketing activities, it is necessary to apply the following marketing methods:
Thus, based on the definition, goals, objectives, functions and methods of marketing, we can conclude that the science of marketing is focused exclusively on the consumer and the satisfaction of his needs.
According to demand distinguish between the types of marketing presented in table 1.
Table 1. Types of marketing depending on demand
Type of marketing |
State of demand | Task |
How to solve the problem |
Demarketing |
Tall | Lower demand |
1. Raise the price |
conversion marketing |
Negative | Create demand |
1. Development of a plan for promoting a product or service 2. Re-release of goods 3. Cost reduction |
promotional marketing |
Is absent | stimulate demand |
Reasons for lack of demand must be considered |
Developmental marketing |
Potential | Make potential demand real |
1. Determine the needs of buyers 2. Create a new product or service that meets these needs |
Remarketing |
Decreases | Restore demand |
Look for ways for a new revival of demand |
Synchromarketing |
fluctuates | stimulate demand |
1. Adjust the price (lower if necessary) 2. Promotion of a product or service |
Supportive Marketing |
Corresponds to the offer | stimulate demand |
Properly conduct pricing policy, stimulate sales, conduct advertising, control costs |
Counter marketing |
Irrational | Reduce demand to zero |
Stop product release |
A prime example is the use of demarketing in the cold season, when the demand for electricity increases many times. Since this can adversely affect the entire power grid system, and very expensive equipment can fail, marketing workers develop programs to reduce demand or redirect it.
There may be no demand for products if:
In order to interest the buyer and increase demand, the company uses tools such as a sharp decrease in the cost of a product or service, increased advertising activities, the use of trade marketing methods, etc.
Based on market coverage There are mass (undifferentiated), concentrated (target) and differentiated marketing.
The concept of undifferentiated marketing involves a product designed for all market segments. Product differentiation is not carried out, products are sold at low prices.
With concentrated marketing the situation is reversed. Goods or services are designed for a specific group of customers.
When using differentiated marketing forces are directed to several market segments. But it is worth noting that a separate offer is created for each market segment. This type of marketing is considered more promising in relation to the previous two types.
There are 2 levels of marketing in an enterprise:
Tactical, or otherwise, operational marketing involves the development of short-term plans to achieve the goals of the organization.
Strategic Marketing is aimed at developing long-term prospects for the operation of the enterprise in the market. That is, the internal capabilities of the organization to influence the external environment of the market are evaluated.
Marketing strategies are classified into the following groups:
Market expansion strategy otherwise called the strategy of concentrated growth. That is, the company's strategy is aimed at horizontal development, conquering most of the market in the fight against competitors, improving existing products or services.
Innovation strategy otherwise defined as an integrated growth strategy. That is, the activity of the organization is aimed at vertical development– creation of new goods and services that will have no analogues.
Diversification strategy the organization chooses if the probability of "survival" in the market with a certain kind product or service is very low. Then the organization can produce a new product or service, but at the expense of existing resources.
Reduction strategy is used for a long stay of the enterprise on the market for more efficient operation. The organization may reorganize or liquidate.
Marketing strategies are also distinguished by market coverage:
Mass Marketing Strategy directed to the whole market. Market advantage is achieved by reducing costs.
Differentiation strategy focused on capturing most of the market segments. The advantage is achieved by improving the quality of products, creating a new design, etc.
Consumer individualization strategy directed at only one segment of the market. The advantage is achieved by the originality of the product or service for a specific target group of customers.
The development of a marketing strategy consists of seven stages:
Stage 1. An analysis is made of macroeconomic indicators, the political, social and technological situation, as well as the influence of international factors.
Stage 2. To assess the capabilities of an enterprise, an economic analysis, a marketing analysis, an assessment of production capacities, an assessment of portfolios and a SWOT analysis are carried out.
Stage 3. Includes an assessment of the organization's competitiveness. Strategies of competitors, strengths and weak sides ways to establish superiority over competitors.
Stage 4. The next step is to set the goals of the marketing strategy.
Stage 5. Includes customer needs research as well as methods and time to market.
Stage 6. Specialists receive certain recommendations for managing the enterprise.
Stage 7. An assessment and analysis of the economic strategy and control instruments is carried out.
Summing up a little, we can conclude that the marketing strategy reflects a plan to achieve the goals of the company, which evaluates the production capabilities and financial budget of the organization.
The marketing plan is inextricably linked with the marketing strategy of the enterprise, that is marketing plan implies a special document reflecting the goals and objectives of the organization's marketing, as well as marketing strategies that will be applied in practice.
To concretize the marketing plan, a marketing program is drawn up, which will indicate who is doing what to do and how to do it.
To implement a marketing plan, you must adhere to the following principles:
Rolling scheduling principle applied depending on the market situation. This principle involves the introduction of adjustments to the current plan. For example, a marketing plan is designed for 3 years, but the market situation changes quite often, so every year it is necessary to make amendments and adjustments to the plan in order to be competitive.
Principle of differentiation suggests that an established product or service cannot be liked by everyone. Therefore, using this principle, it is possible to carry out a reorientation to serve any category of consumers selected according to certain criteria.
The principle of multivariance provides for the development of several marketing plans at the same time for all possible situations.
The structure of the marketing plan is as follows:
The mission of the organization involves identifying strengths in order to become successful in the market.
SWOT-analysis - This is a situational analysis that reflects the strengths and weaknesses, opportunities of the organization, as well as threats under the influence of internal and external environmental factors.
It is advisable to set goals and define strategies for each area separately.
In this block, when choosing market segments, the emphasis is on reducing costs and increasing sales efficiency through sales volume and prices.
Here it is necessary to highlight the distribution channels for products, whether they work effectively, in what quantity and how they are implemented in the organization.
At this point, it is necessary to determine the methods for selling goods or services that could be successfully used both in the short term and in the long term.
Here we need to constantly improve the after-sales service system. It is necessary to compare the level of service with competitive enterprises, improve the skills of employees, monitor their communication skills. In addition, it is worth providing certain guarantees and Additional services to their customers and compare them with their competitors.
When drawing up a marketing budget, it is necessary to take into account all planned expenses, incomes and highlight the projected net profit organizations.
Thus, it should be concluded that the marketing plan is simply necessary for the successful organization of the enterprise. This is a kind of map that helps you navigate the economy in general, conduct an efficient business and be competitive in the market, making high profits.
Marketing in business or otherwise it is called marketingB2 B (business-to-business, business to business) is determined as business relations between industrial enterprises in a market where goods and services are not for final consumption, but for business purposes.
B2B marketing should not be confused with marketing B2 C(Business to Consumer, business for the consumer), which implies marketing relations in the market where goods and services are created for final consumption.
Marketing in business has distinctive features and characteristic features:
Network marketing (MLM - multi-level marketing) is a technology for selling products from manufacturer to consumer, which is advisory in nature and is transmitted from person to person. At the same time, the so-called distributor can not only sell the product, but also attract new sales agents to the company.
The business plan of an MLM company suggests that distributors:
The manufacturer is responsible for organizing delivery. It ensures that the goods are received by the distributor at home. For the effective work of sales agents, master classes, seminars are provided to develop sales skills and achieve success in their business.
For an entrepreneur network marketing is an attractive business because it does not require experience and a large initial capital investment.
For the buyer network marketing also looks good, as truly responsible MLM companies provide quality products and a guarantee for them. In addition, before buying a product, the consumer receives all the necessary information about it and receives the product at home.
Network marketing provides for active and passive income. The agent earns active income from the volume of sales. And passive income is created by creating and actively developing a subnet of distributors.
Nevertheless, at least at first glance, network marketing is seen as an attractive business, in addition to advantages, it also has a number of disadvantages.
Table 2. Advantages and disadvantages of network marketing
To attract a potential distributor to the MLM business, you can use the following methods:
When it comes to network marketing, then immediately there is an association with such a definition as a financial pyramid, the activity of which is prohibited on the territory of the Russian Federation.
The main difference between network marketing and financial pyramids is that the profits of MLM companies are divided among distributors, taking into account the contribution of each. And the financial pyramid receives income due to the number of attracted people and their contribution to a non-existent product.
In addition, network marketing can be distinguished from financial pyramid presence:
The financial pyramid does not have a specific marketing plan, it is very confusing and incomprehensible. The management of the company is anonymous and, moreover, there is no charter of the enterprise. There is no assortment of goods, there are only a couple of units of dubious products. Also, there is no training system or it costs a certain amount of money, for which cheap advertising brochures are issued.
In network marketing, training of sales agents is provided for free, or for a nominal amount, training disks, books, or videos on the Internet are issued.
Vivid examples successful development network marketing companies are Amway, Avon, Oriflame, Faberlic and Mary Kay.
Summing up a little, we can conclude that network marketing is aimed at promoting the product and rewarding the distributor for the work done, and the main purpose of the financial pyramid is to attract people and their financial investments.
Internet marketing is currently a relevant innovation for the promotion of goods and services.
Internet Marketing is the application of traditional marketing activities on the Internet.
Purpose of Internet Marketing– making a profit by increasing the number of visitors to the site or blog, who in the future will become buyers of certain goods and services.
Tools to increase sales of goods and services and increase the number of site traffic are:
Helps to create and strengthen relationships with a specific target group that subscribes to the newsletter.
Internet marketers are faced with the following tasks:
Online marketing includes the following elements: product, price, promotion, place.
Internet marketing involves strategies such as:
Viral Marketing is the most complex yet most rewarding online marketing strategy. She is focused on creating interesting information, which everyone will view hundreds of times, constantly like and repost.
Viral attraction of people is applied with the help of:
Efficient work and success can be obtained as a result of a combination of viral marketing in social networks with advertising.
The main advantages of viral Internet marketing are simplicity and speed of action. In addition, viral Internet marketing is cost-effective, as it does not require special expenses. The Advertising Act does not apply to viral advertising. That is, there is no censorship, no restrictions, which makes internet marketing more free.
Essential disadvantage of viral online marketing there is insufficient control over the process, and the feed material may be distorted.
Integrated Internet Marketing implies a set of various resources and advertising channels to promote a product or service to the market.
The structure of integrated Internet marketing is as follows:
Under publicityPR) refers to increasing brand awareness. This strategy should be used by all companies, regardless of position, as it helps to increase company revenues, attract potential customers, and the brand becomes recognizable and popular on the Internet.
Having considered the goals, tools and strategies of Internet marketing, we can highlight its advantages:
In conclusion, I would like to say that marketing is very interesting science for entrepreneurs. Knowing how a marketing plan is drawn up, when and where to apply a particular marketing strategy, you can remain competitive in the market. long time while making a good profit. And, having mastered Internet marketing, you can achieve even greater success in.
Marketing: Lecture Notes Loginova Elena Yurievna
5. Goals and objectives of marketing
Marketing- This social science so it affects a lot of people. For a number of reasons (education, social status, religious beliefs, and much more) the attitude to this discipline is ambiguous, giving rise to contradictions. On the one hand, marketing is an integral part of the life of a product, on the other hand, it carries a negative perception: the creation of unnecessary needs, develops greed in a person, “attacks” with advertising from all sides.
What are the true goals of marketing?
Many believe that the main goal of this science is sales and promotion.
P. Drucker (management theorist) writes as follows: “The goal of marketing is to make sales efforts unnecessary. Its goal is to know and understand the customer so well that the product or service will fit the customer exactly and sell itself.”
It does not follow from this that sales and promotion efforts lose their importance. Most likely they become part of the marketing activities of the enterprise to achieve the main goal - maximizing sales and profits. From the foregoing, we can conclude that marketing is a kind of human activity, which aims to satisfy human needs and wants through exchange.
So, the main goals of marketing are the following.
1. Maximization possibly high level consumption - firms are trying to increase their sales, maximize profits using various methods and methods (introduce fashion for their products, outline a sales growth strategy, etc.).
2. Maximization consumer satisfaction, i.e. the goal of marketing is to identify existing needs and offer the maximum possible range of a homogeneous product. But since the level of customer satisfaction is very difficult to measure, it is also difficult to evaluate marketing activities in this area.
3. Maximization of choice. This goal follows and, as it were, is a continuation of the previous one. The difficulty in realizing this goal lies in not creating branded abundance and imaginary choice in the market. Yes, and some consumers with an excess of certain product categories experience a feeling of anxiety and confusion.
4. Maximizing the quality of life. Many tend to believe that the presence of a range of goods has a positive effect on its quality, quantity, availability, cost, i.e., the product is “improved”, and therefore, the consumer can satisfy his needs to the maximum, improve the quality of life. Proponents of this view recognize that improving the quality of life is a noble goal, but at the same time, this quality is difficult to measure, so sometimes contradictions are born.
Marketing Tasks:
1) research, analysis, assessment of the needs of real and potential buyers;
2) marketing assistance in the development of a new product (service);
3) provision of after-sales service;
4) marketing communications;
5) research, analysis, evaluation and forecasting of the state of real and potential markets;
6) research activities of competitors;
7) sale of goods (services);
8) formation of assortment policy;
9) formation and implementation of the company's pricing policy;
10) formation of a strategy for the behavior of the company.
From the book Great Events. Technologies and practice of event management. author Shumovich Alexander VyacheslavovichGoals and objectives of the event When deciding to hold an event, any organizer should think about why he is doing it, that is, determine the goals and objectives. These are different concepts, so you first need to figure out how they differ. Goals - what he wants to achieve
From the book Private Club: Organization, Management, Development author Medvednikov Sergey AnatolievichMAIN OBJECTIVES OF CLUB MARKETING AND THE RESPONSIBILITIES OF THE DIRECTOR OF MEMBERSHIP The main purpose of club marketing, also called "membership marketing", is a set of activities that create a special club atmosphere in which club members will feel comfortable; they will
From the book Marketing: lecture notes author Loginova Elena Yurievna5. Aims and Objectives of Marketing Marketing is a social science and therefore affects a great many people. For a number of reasons (education, social status, religious beliefs, and much more), the attitude to this discipline is ambiguous, giving rise to contradictions.
From the book Puppets of Business author Sharypkina Marina1.2. Goals and objectives of your business cruel laws business. According to these laws, some organizations leave the scene of the business world, while others continue to exist and develop quite successfully. Why is this happening? The answer to this question is ambiguous. If we
From the book Enterprise Marketing Policy and Service author Melnikov IlyaGoals and objectives of the marketing policy In order to successfully sell manufactured goods and bring them to end consumers, an enterprise must perform a set of measures to ensure the distribution and promotion of goods on the markets and solve the problems of organizing channels
From the book Marketing Plan. Marketing Service author Melnikov IlyaPrinciples, goals and objectives of the marketing service The state and quality of marketing of an enterprise depends on how the marketing service (department, group) is organized and how efficiently it works. Before entering the market with your
From the book Psychology of Advertising author Lebedev-Lubimov Alexander NikolaevichGoals and objectives of propaganda Propaganda always convinces in favor of one opinion, one idea, principle, G. S. Melnik believes. In various types of propaganda, there is always one element - imposition (overt or covert). The author emphasizes the problem of danger
From the book 100% Corporate Website. Demand more from the site! author Ovchinnikov Roman21. Goals and objectives of visitors
From the book Search for personnel using a computer. How to save money on a recruitment agency author Gladkiy Alexey Anatolievich From the book Management: a training course author Makhovikova Galina Afanasievna3.5. Goals and objectives of the organization's management
From the book Project Management for Dummies author Portney Stanley I.Chapter 2 Aims and Objectives of the Project In this chapter… Developing the project brief Assessing the need to develop the project Describing the required project deliverables Determining the assumptions The success or failure of each project depends on how well it performs
From the book Business Plan 100%. Strategy and tactics of effective business author Abrams Rhonda From the book Marketing for Government and public organizations the author Philip Kotler From the book Startup Guide. How to start... and not close your Internet business author Zobnina M. R. From the book The Inner Strength of a Leader. Coaching as a method of personnel management author Whitmore JohnDefine goals and objectives The goal is very important because it defines the structure of the entire document. Ask yourself the question “Why do I need this presentation?” Answer it and proceed to further actions. You must clearly understand why and for what you bring
For any enterprise, there are three options for working in the market.
The first option is the so-called mass marketing"when an enterprise offers the same product or service to all consumers, without taking into account some differences in their requirements. The most striking illustration of the use of mass marketing is the words of Henry Ford that every buyer has the opportunity to purchase a car" of any color, provided that this color is black". Mass marketing is possible in conditions when:
At the same time, to take advantage of a mass marketing strategy, your business must be able to produce large quantities of goods (for economies of scale) and have reliable access to raw materials. The main benefits of mass marketing are low production costs, the ability to keep prices low, and low marketing costs. However, this option also has dangers - the loss of the market when abrupt change tastes, fashion, technology, as well as the lack of skills to work with several groups of buyers with different needs. It should be noted that today there are practically no markets left in which mass marketing can be successfully applied.
The second option is " concentrated marketing"when an enterprise selects one group of buyers with similar needs and releases a product or provides a service that best suits the needs of this particular group. At the same time, the product may not satisfy the requirements of all other groups of buyers. In order to adhere to a concentrated marketing strategy, an enterprise must find enough large group buyers with the same tastes, relatively low sensitivity to price, who pay great attention to the quality of a product or service and have a high solvency. To use a concentrated marketing strategy, an enterprise needs to have some kind of know-how: to produce non-standard products that competitors cannot quickly copy. As a rule, this strategy is chosen by enterprises with limited production capacity. The advantages of concentrated marketing is the ability to overprice your products due to their uniqueness, as well as relatively low marketing costs. The main danger for businesses that focus on concentrated marketing is that they become dependent on the group of customers they serve, on unexpected changes in their tastes and preferences.
And finally, the third option - " differentiated marketing"when an enterprise focuses on several groups of buyers and adapts its product / service to the requirements of each group. It is advisable to use this behavior model in saturated markets where there is no obvious shortage, in conditions of high competition. To use this model, an enterprise must have a flexible organizational and production structure.The main advantage of this option is that, focusing on different groups consumers, it is possible to minimize the risks, therefore, the company will have high market stability. Among the disadvantages are the high costs of marketing and production, the impossibility of economies of scale, the need to develop their own strategy for each group of buyers.
Thus, an enterprise can focus on the entire market at once, on one or several groups of consumers. Since you have already conducted a SWOT analysis, you have a sufficient level of knowledge about the market, consumers, competitors, as well as the capabilities of your enterprise, in order to choose from three possible options for working in the market the one that will be most effective in your situation.
A group of consumers with similar needs and similar responses to marketing stimuli (advertising, public relations, etc.) is a market segment. In order to apply concentrated or differentiated marketing, the company must first divide the market into segments and select the most attractive ones.
To divide the market into segments, it is necessary to select the so-called "segmentation variables". This can be geographic location, gender and age of buyers, family composition, income level of buyers, desired benefits when buying, buying behavior, and many other parameters. For example, buyers of billiard equipment can be segmented by the purpose of the purchase (for themselves or for an organization), by income level (high, medium), by degree of professionalism (professional, amateur, beginner). At the same time, it is necessary that the variables chosen for segmentation really make it possible to distinguish groups of buyers that differ significantly from each other. For different products, these variables may be different. For example, it makes no sense to segment car buyers by hair color, but shampoo manufacturers successfully use this criterion by releasing shampoos for blond hair.
After you select the segments, you need to collect information about the representatives of each segment - who they are, what they need, etc. Once you have collected this information, you can begin to select the segment (or segments) in which you are going to work. In order for a segment to be attractive enough for an enterprise, it must meet the following conditions:
When choosing a target segment (segments), you can be guided by the following criteria:
By segmenting the market and choosing the target segment (or segments), you can answer the first question: who are the buyers of the company's products and services. Next, you should determine for what reason consumers should buy exactly the products of your enterprise, how it differs from the goods and services of your competitors, in other words, what is its distinctive advantage.
Positioning - the actions of the enterprise aimed at creating a certain image of the product or the enterprise itself in the minds of consumers.
Successful positioning must be based on the distinctive advantage of the product or enterprise. A differentiating advantage is something that a business or one of its products possesses that its target customers really want and that competitors don't yet have.
In other words, to discover a distinctive advantage, you need to find a characteristic that:
To do this, make a list of the strengths of your product (service) or business. For example, this could be a long shelf life (for milk) or round the clock work(for the store). Then check if your competitors have these advantages (again, the results of the SWOT analysis will come in handy here). All strengths, which not only you, but also your competitors, cross out - they are not suitable for the role of a distinctive advantage. Next, you need to check whether your unique strengths are needed by your customers.
If you don't find a feature that satisfies all three conditions of distinctive advantage, you can do one of two things. The first way is to take the strengths of your product, which are needed by consumers but shared by competitors' products (which, however, do not emphasize it), and make it your "differential advantage". The second way is to take the unique strength of your product, not important on this moment for consumers (but in line with general market trends), and through advertising, sales promotion and public relations to convince consumers of the importance of this parameter, thus making it a differentiating advantage. An example here is Jonson & Jonson, who did this when they promoted their "pH 5.5" skin care products. Before this ad appeared, consumers were not interested in the acidity level of products, but now the word "corresponds to natural pH" can be found on every second cosmetic product.
Having chosen the target segment and having determined what can become the basis of positioning, you can proceed to setting the goals of your enterprise.
The purpose of the enterprise is the desired state that can be achieved by the coordinated efforts of all employees in a given period of time.
It is customary to distinguish between 3 types of goals: short-term (set for up to 1 year), medium-term (from 1 to 3 years) and long-term (over 3, sometimes over 5 years). However, long-term planning makes sense only in a stable economy, when there is a high probability that the situation will not change dramatically during this time. In our opinion, it is too early to move on to long-term planning in our conditions, so we will consider only short-term planning. However, the processes of setting goals for 1, 3, 5 years or another period do not fundamentally differ from each other.
The system of enterprise goals can be represented as a so-called. goal tree. The peak is the main goal of the entire enterprise for the period under consideration (in our case, a year). Further, the main goal is decomposed (broken down) into the goals of the functional divisions of the enterprise - the goals of the production department, the goals of marketing, the goals of the sales department, etc. These goals are formulated in such a way as to ensure the achievement of the main goal. Moreover, each "branch" of this tree does not describe a way to achieve the main goal, but a specific end result, expressed by some indicator. Next comes the further decomposition of goals already within each division: for example, marketing goals can be divided into sales, promotion, product development, research, etc. goals. Detailing can be continued up to the specific tasks that are set for each employee.
Goals can be set in the following ways:
For example, a company selling billiard equipment can develop in several directions:
In order for the goals not to remain only on paper, they must meet several important requirements.
There are two main methods of formulating goals: authoritarian and expert.
Using authoritarian method formulating goals, the head of the company sets goals individually. He can request the information he needs and / or listen to the opinions of experts, but at the same time he will make his own decision. The effectiveness of this method of formulating the goals of the enterprise depends on the competence of its first person.
Using expert method goals are formulated by a group of managers and / or specialists of the enterprise. As a result of the group discussion, the main problems of the enterprise and ways to solve them are identified. The advantage of this method, in addition to the opportunity to look at the problems of the enterprise from different angles and find out the opinion of all interested parties, is also the fact that when participating in setting goals, possible conflicts between managers are eliminated and their motivation to achieve the goals is increased. However, in a large team it is not always possible to come to a common opinion, in any case, the process of setting goals in this case may be somewhat delayed.
This article will help you answer three questions:
To answer the first question, you need to choose one of three options for working in the market: mass marketing (trying to please all customers at once), concentrated marketing (working for one group of buyers) or differentiated marketing (working for several groups of buyers). If you have chosen the second or third option, you need to divide the market into segments and evaluate each of them. And choose one or more to work with.
To answer the second question, you need to find a quality of your product (or enterprise) that consumers would like, but was absent from competitors' products. This quality will become your distinctive advantage, due to which the company will be able to compete in the market of your choice.
To answer the third question, you need to set the main goal of your enterprise for the next year, formulate the goals of each department (or employee - it all depends on the size of the enterprise), the achievement of which will contribute to the achievement of the main goal, then continue the decomposition of goals.
Goals may include:
The goals of your enterprise should be specific, measurable, achievable, correlated with each other, fit within certain time frames, and also be flexible. You can set the goals of the enterprise yourself or with the help of department heads and / or specialists.
In the next article, we will move on to developing a marketing program for your business.
The following materials were used in preparing the article:
Company goals and objectives are incredibly valuable to your brand and can either strengthen or weaken your bond with potential and current customers.
But understanding the meaning of these terms is not as easy as it seems. Often marketers consider goals and objectives to be synonymous. But it's not.
Brands must be able to formulate goals and objectives that will lead them to success.
In marketing, the terms "goals" and "objectives" are usually not distinguished. But there is a difference between them. Understanding her can be the key to brand success.
First, the brand must formulate the goals or expected results of the marketing efforts. Then, focusing on the goals, it is necessary to draw up a list of actions and initiatives necessary for their implementation.
Let's say you want to improve your site's traffic and engagement rates. In this case, your goals will be to increase traffic and visitor engagement. Specific strategies to achieve these goals, such as publishing SEO content and promoting it on social media, are your tasks.
When setting goals, use the SMART approach, according to which they should be:
The following template will also help you formulate goals:
By ______ (time/date) ______ (company name) marketing team will reach ______ (number/measure) _____ (metric).
You can also use the “every ______ (interval)” benchmark to formulate recurring goals for the team.
From the foregoing, it is clear that “drive more traffic to the site” is not a SMART goal. Here's how it should be phrased:
“By the end of the second quarter of 2018, the JessWellsIncorporated marketing team will be generating 1,200 monthly visitors to the site.”
So much better.
When formulating goals, it is important to remember that they must be specific.
Marketing teams often have the following goals in mind:
Such formulations are ineffective. They should always be supplemented with specific metrics:
The more specific your goals are, the easier it is to formulate tasks.
With specific, measurable goals in place, your team can begin to formulate goals. It is important to focus on data about your audience.
For example, if you find that consumers are actively responding to email marketing, this technique is definitely worth incorporating into your marketing strategy.
The following tests will help you avoid common mistakes:
If you're having trouble identifying the goals and objectives of your marketing efforts, use the SWOT brainstorming technique.
It involves analyzing internal and external factors and identifying the elements that set you apart from your competitors, as well as the obstacles to success.
SWOT stands for:
This approach will ensure that your goals and objectives align with the overall business goals. For this, the following points must be taken into account:
After answering these questions, it is important to bet on brand strengths and opportunities, while trying to minimize the impact of your weaknesses and external threats.
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