Executive Marketing Management : Strategies and Tactical Decisions
Table of Contents
1. Marketing Management Defined
1.1 Core Definition
Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
At its most basic level, marketing is made up of every process involved in moving a product or service from the organization to the consumer.
2. Customer-Driven Strategy
2.1 Definition
Marketing strategy refers to a business’s overall game plan to focus its limited resources to reach prospective customers and turn them into paying customers.
A customer-driven marketing strategy places customer needs, language, and experiences at the center of every decision.
2.2 Five-Step Process
1. Define buyer personas by vertical – different verticals require different stories.
2. Identify stories using a cross-functional process – marketing, sales, and customer success collaborate.
3. Make the ask using recognition framing – "feature you as best practice" not "need testimonial."
4. Produce multi-length assets – 15-second, 45-second, and 90-second cuts from one interview.
5. Deploy across the full buyer journey – track deal velocity and refine.
3. Promotion Mix Elements
3.1 Six Elements with Examples
Advertising: Paid, nonpersonal communication. Example: Super Bowl spot.
Sales Promotion: Short-term inducement. Example: BOGO offers and coupons.
Personal Selling: One-on-one communication. Example: Pharmaceutical reps to physicians.
Public Relations: Nonpaid, credible third-party messaging. Example: Nordstrom VIP opening, TOMS annual report, Tylenol 1982 recall.
Direct Marketing: Tailored direct communication. Example: $44.2 billion direct mail industry.
Internet/Digital Marketing: Interactive technology-driven reach. Example: SPANX launch via social media.
References:
4. Marketing Process
4.1 Five Verified Steps
1. Understand the marketplace and customer needs and wants.
2. Design a customer-driven marketing strategy.
3. Construct an integrated marketing program that delivers superior value.
4. Build profitable relationships and create customer delight.
5. Capture value from customers to create profits and customer equity.
5. Case Studies
5.1 Lessons Learned
Company: Multiple firms, Year: 2012-2017, Decision: Hire CMOs without alignment, Data: CEO surveys, Outcome: 80% distrust, 4.1-year tenure.
Company: Royal DSM, Year: 2010-2014, Decision: Create CMO role, Data: Organizational analysis, Outcome: Elevated marketing, replaced CMO in 2014.
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