MARKETING STRATEGY O C FERRELL MICHAEL D HARTLINE
- Slides: 14
MARKETING STRATEGY O. C. FERRELL • MICHAEL D. HARTLINE 11 Marketing Implementation and Control
Strategic Issues in Marketing Implementation (1 of 2) • The Link Between Strategic Planning and Implementation – Interdependency – Evolution – Separation 2
The Separation of Planning and Implementation Exhibit 11. 2 3
Strategic Issues in Marketing Implementation (2 of 2) • The Elements of Marketing Implementation – Shared Goals and Values – Marketing Structure – Systems and Processes – Resources – People (Human Resources) • Employee selection and training • Employee evaluation and compensation policies • Employee motivation, satisfaction and commitment – Leadership 4
The Elements of Marketing Implementation Exhibit 11. 3 5
Approaches to Marketing Implementation • • Implementation By Command Implementation Through Change Implementation Through Consensus Implementation as Organizational Culture 6
Internal Marketing and Marketing Implementation • The Internal Marketing Approach – Goals of Internal Marketing • (1) Help employees understand their roles • (2) Create motivated and customer-oriented employees • (3) Deliver external customer satisfaction • The Internal Marketing Process – Internal Customers – External Customers • Putting Internal Marketing Into Action 7
The Internal Marketing Process Exhibit 11. 5 8
Evaluating and Controlling Marketing Activities • Four possible causes of differences between intended strategy and realized strategy: – (1) The marketing strategy was inappropriate or unrealistic. – (2) The implementation was inappropriate for the strategy. – (3) The implementation process was mismanaged. – (4) Substantial changes occurred in the environment between development and implementation. 9
A Framework for Marketing Control Exhibit 11. 6 10
Formal Marketing Controls • Input Controls – Recruiting, selecting, and training employees – Resource allocation decisions • Process Controls – Commitment to the strategy – System for evaluating and compensating employees • Output Controls – Formal performance standards – Marketing audits 11
Informal Marketing Controls • Employee Self-Control – Employees manage their own behaviors – Establish personal objectives and monitor results • Social Control – Standards, norms, and ethics found in workgroups – Peer pressure causes employees to conform • Cultural Control – Behavioral and social norms of the entire firm – Shared values throughout the firm 12
Scheduling Marketing Activities • Basic steps in creating a schedule and timeline: – (1) Identify the activities to be performed – (2) Determine the time required to complete each activity – (3) Determine which activities must precede other activities – (4) Arrange the proper sequence and timing of all activities – (5) Assign responsibility 13
A Hypothetical 3 -Month Marketing Implementation Schedule Exhibit 11. 8 14
- Syrgkanis
- Marketing strategy ferrell
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- Basic marketing a marketing strategy planning approach
- Strategy and the internet porter
- Strategy and the internet michael porter
- Business strategy vs corporate strategy
- Global matrix structure
- Production plan example
- Multidomestic corporation
- Aligning hr strategy with business strategy
- Cage framework
- Crafting and executing strategy in strategic management
- The plan of action that prescribes resource allocation