MT631
LECTURE # 2
OUTLINE

The Mission of Maytag:

"To improve the quality of home life by designing, building, marketing and servicing
the best appliances in the world."
----------Thanks to Annie Kitchens----------


Corporate Strategic Planning
defining the company mission - examples
setting company goals/objectives
designing the company's portifolio
planning the functional strategies

Strategic Marketing Tools
  • BCG portfolio
    • relative market share - example calculations
    • industry growth rates - examples
  • GE matrix
    • business strengths - weighted attributes example calculations
    • industry attractiveness - weighted attributes example calculations
  • Expansion grid (product-market opportunity analysis see text page 5)
    • penetration strategy
    • product development
    • market development
    • diversification - a finance based approach
  • PIMS
  • Product/promotions grid (within market development)


Marketing Audits
an overall assessment of the organization's marketing environment,
organizational capabilities, objectives and strategy.


Wharton School video

Competitive Advantage via low-cost supplier
  • Low-cost, low-price - example Continental Airlines
  • Low-cost, high-price - example IBM PC's
Competitive Advantage via product/service quality differentiation
  • L'Oreal hair coloring, Perdue's chicken, Hewlett-Packard
Competitive Advantage via supply or distribution leverage
  • Distributional "barriers to entry" - several shelf space examples
  • Supply constraints - patents, copyrights, landing rights (gates)
Competitive Advantage via market niches
  • Cray computers, NCR (retail markets), DEC

Situation Analysis
  • Business definition
  • Portfolio
  • Critical success factors
  • Competitive advantage & product/service uniqueness
  • Market profiles for each major segment
  • Benefit sought by segments
  • Competitive analysis by benefits
  • Competitor strengths by segment
  • Competitive positioning - perceptual space
  • Risk analysis Probabilities of external impacts

Marketing Plan
  • Objectives by product/service
  • Strategic recommendations for products/services
  • Program design
    • targets
    • product position
    • pricing policy by segment
    • promotional program
    • distribution plan
  • Revenue, Share, and Profitability Projections
  • Tracking system


The listings above are to provide structural assistance to your study.
They are not attended to be inclusive of every item/topic that was presented
in the lecture period.