11 Dealing with Competition Marketing Management 13 th Slides: 9 Download presentation 11 Dealing with Competition Marketing Management, 13 th ed Balancing Orientations Competitor. Centered Customer. Centered Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall 11 -2 Figure 1. 1 Five Forces Determining Segment Structural Attractiveness Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall 11 -3 Industry Concept of Competition • Number of sellers and degree of differentiation • Entry, mobility, and exit barriers • Cost structure • Degree of vertical integration • Degree of globalization Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall 11 -4 Analyzing Competitors Objectives Strategies Competitor Actions Reaction Patterns Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Strengths & Weaknesses 11 -5 Figure 11. 4 A Competitor’s Expansion Plans Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall 11 -6 Strengths and Weaknesses Share of market Share of mind Share of heart Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall 11 -7 Table 11. 2 Market Share, Mind Share, and Heart Share Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall 11 -8 Expanding the Total Market New customers More usage Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall 11 -9 Market followerDealing with competition marketing managementLump sum subsidyPerfect competition vs monopolistic competitionMonopoly vs oligopoly venn diagramPerfect competition vs monopolistic competitionSocial marketing competitionUnderstanding marketing managementObjective of marketing managementMarketing definition