
Marketing Planning Guide
by Stevens, Robert E.; Loudon, David L.; Warren, William E.Rent Textbook
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Summary
Table of Contents
About the Authors | p. xi |
Preface | p. xiii |
Introduction to Marketing Planning | |
The Importance of Marketing Planning | p. 3 |
Marketing Planning in Action: Starbucks | p. 3 |
Introduction | p. 4 |
What Is Marketing? | p. 5 |
What Is Planning? | p. 8 |
Planning's Place in the Organization | p. 11 |
The Marketing Planning Process | p. 13 |
The Marketing Plan Format | p. 16 |
Summary | p. 18 |
Organizational Considerations in Marketing Planning | p. 19 |
Marketing Planning in Action: Simple Is Best | p. 19 |
Introduction | p. 20 |
Organizational Purpose | p. 20 |
Organizational Objectives and Strategies | p. 22 |
Organizing for Planning | p. 26 |
Organizational Structure | p. 27 |
Coordination and the Planning Process | p. 32 |
Organizational Structure and Market Responsiveness | p. 36 |
Summary | p. 36 |
Database Marketing Planning: Getting Needed Information | p. 39 |
Marketing Planning in Action: Hyundai Motor Company | p. 39 |
Introduction | p. 40 |
Database Marketing | p. 40 |
Marketing Research | p. 44 |
Decision Making | p. 45 |
Types of Data | p. 48 |
Steps in a Marketing Research Project | p. 49 |
Summary | p. 58 |
Situation Analysis | |
Product/Market Analysis | p. 61 |
Marketing Planning in Action: Napster and the Advent of Music File Sharing | p. 61 |
Introduction | p. 62 |
Environmental Scanning | p. 62 |
The Strategic Implications of Product/Market Analysis | p. 65 |
Sales Analysis | p. 71 |
Cost Analysis | p. 74 |
Summary | p. 80 |
Consumer Analysis | p. 81 |
Marketing Planning in Action: The Antiaging Movement | p. 81 |
Introduction | p. 82 |
Market Segmentation | p. 83 |
Psychographics/Lifestyle Segmentation | p. 88 |
Market Grid Analysis | p. 91 |
Market Potential | p. 100 |
Summary | p. 104 |
Competitive Analysis | p. 105 |
Marketing Planning in Action: The Package Delivery Industry | p. 105 |
Introduction | p. 106 |
The Concept of Competitive Advantage | p. 106 |
Purpose of Competitive Analysis | p. 108 |
Competitive Forces and Advantages | p. 111 |
Summary | p. 122 |
Opportunity Analysis | p. 123 |
Marketing Planning in Action: Reinventing Barbie | p. 123 |
Introduction | p. 124 |
Problems versus Opportunities | p. 124 |
Internal Factors | p. 125 |
Other Factors | p. 129 |
Ranking Opportunities | p. 131 |
Summary | p. 132 |
Objectives | |
Marketing Objectives | p. 135 |
Marketing Planning in Action: Kodak | p. 135 |
Introduction | p. 136 |
What Are Objectives? | p. 136 |
Alternatives to Managing by Objectives | p. 137 |
Characteristics of Good Objectives | p. 138 |
Types of Objectives Included in a Marketing Plan | p. 141 |
Using Situation Analysis Data to Set Objectives | p. 144 |
Summary | p. 145 |
Strategy, Strategy Variables, and Financial Impact | |
Marketing Strategy Development | p. 149 |
Marketing Planning in Action: Mercedes | p. 149 |
Introduction | p. 150 |
What Is Strategy? | p. 150 |
Elements of Marketing Strategy | p. 151 |
Alternate Marketing Strategies | p. 155 |
Factors Influencing the Strategy Selected | p. 159 |
Summary | p. 161 |
Product Decisions | p. 163 |
Market Planning in Action: DuPont | p. 163 |
Introduction | p. 164 |
Product: The First Component of the Marketing Mix | p. 164 |
What Is a Product? | p. 165 |
Product Positioning Strategies | p. 166 |
Quality- and Value-Based Marketing | p. 168 |
Service Strategy | p. 171 |
Improving Customer Perceptions of Service Quality | p. 172 |
New-Product Development Decisions | p. 173 |
Changing Existing Products | p. 178 |
Product Line Decisions | p. 179 |
Branding Decisions | p. 180 |
Packaging and Labeling Decisions | p. 181 |
Summary | p. 182 |
Place Decisions | p. 185 |
Marketing Planning in Action: The Changing Face of Retail Stores | p. 185 |
Introduction | p. 186 |
Who Will Be Channel Captain? | p. 187 |
Which Type of Channel Should Be Used? | p. 189 |
Which Kind of Middlemen Should Be Used? | p. 191 |
Market Exposure Decisions | p. 192 |
Transportation and Storage Decisions | p. 194 |
The Physical Distribution Concept | p. 196 |
Summary | p. 197 |
Promotion Decisions | p. 199 |
Marketing Planning in Action: Product Placement | p. 199 |
Introduction | p. 200 |
Target Audience Decisions | p. 201 |
Promotional Methods Decisions | p. 202 |
Media Decisions | p. 203 |
Message Content Decisions | p. 206 |
Personal Selling Strategy Decisions | p. 210 |
Sales Promotion Decisions | p. 213 |
Publicity Decisions | p. 214 |
Promotional Budgeting Decisions | p. 215 |
Summary | p. 216 |
Price Decisions | p. 217 |
Marketing Planning in Action: Hotel Price Guarantees | p. 217 |
Introduction | p. 218 |
Price Level Decisions | p. 218 |
Price Determination | p. 219 |
New Product Pricing Decisions | p. 225 |
Pricing Policy Decisions | p. 226 |
Summary | p. 229 |
The Financial Impact of Marketing Strategies | p. 231 |
Marketing Planning in Action: Razor Wars | p. 231 |
Introduction | p. 232 |
Pro Forma Income Statement | p. 232 |
Pro Forma Forecast | p. 234 |
Pro Forma Cost Forecast | p. 237 |
Return on Investment | p. 238 |
Strategy Revisions and Contingency Plans | p. 240 |
Summary | p. 241 |
Implementing and Controlling the Marketing Plan | |
Marketing Plan Implementation | p. 245 |
Marketing Planning in Action: The Fluctuating Popularity of the Hummer | p. 245 |
Introduction | p. 246 |
Implementation Skills | p. 246 |
Integrating a Societal Marketing Orientation Throughout the Organization | p. 247 |
Transition from Strategy to Tactics | p. 250 |
Summary | p. 253 |
Monitoring and Controlling the Marketing Plan | p. 255 |
Marketing Planning in Action: Reinvigorating Levi Strauss | p. 255 |
Introduction | p. 256 |
Integration of Planning and Control | p. 257 |
Timing of Information Flows | p. 258 |
Performance Evaluation and Control | p. 258 |
Establishing Procedures | p. 265 |
Summary | p. 265 |
Planning Analysis | |
The Marketing Planning Audit | p. 269 |
Marketing Planning in Action: Johnson & Johnson | p. 269 |
Introduction | p. 270 |
The Planning Aduit | p. 270 |
Audit Personnel | p. 271 |
Objective, Scope, and Breadth of Audit | p. 272 |
Audit Data and Reporting Format | p. 276 |
Increasing the Level of Sophistication in Planning | p. 276 |
Summary | p. 277 |
Worksheets | p. 279 |
Getting Started | p. 279 |
Organizational Consideration | p. 281 |
Informational Needs | p. 282 |
Product/Market Analysis | p. 284 |
Consumer Analysis | p. 286 |
Competitive Analysis | p. 288 |
Summary of Situation Analysis | p. 290 |
Marketing Objectives | p. 292 |
Marketing Strategy Development | p. 293 |
Product Decisions | p. 295 |
Place Decisions | p. 298 |
Promotion Decisions | p. 300 |
Price Decisions | p. 306 |
Financial Impact | p. 308 |
Plan Implementation | p. 310 |
Marketing Control | p. 313 |
Marketing Planning Audit | p. 315 |
Sample Marketing Plan: Water-Oriented Recreation Park | p. 321 |
Situation Analysis | p. 321 |
Objectives | p. 326 |
Strategy | p. 327 |
Control Procedures | p. 330 |
Consumer Study | p. 332 |
Notes | p. 337 |
Index | p. 345 |
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