Marketing Strategy in Service - amegaro@unisa.it - Project Work Aim: after selecting a company (existing or an invented startup), develop a marketing plan tailored to successfully launch a new a new IT-based product/service in the market and reach your target. Timing of the plan: 1 year Challenge: I am a lender and you need my funding to carry out your project. You have to convince me that your idea is profitable not only in terms of technical features but, mainly, in terms of the firm's survival in the long run. Team work of 4 people (possible variations: maximum 5 minimum 3). Marketing Plan - Structure Segmenting Targeting Positioning … Marketing mixControl RESEARCH & ANALYSIS MARKETING PLANNING Strategic marketing Operational Marketing for Value Creation & Diffusion Mission STRENGTH Opportunities THREATSWeaknesses Analysis of macro- environment (scenario) Analysis of micro- environment (market/segment) Analysis of internal environment Goals Strategy Marketing mix Execution Control Segmenti ngTargeting Positionin g … Marketing mixControl Marketing Plan – Roles within the team Top marketing manager He is the person in charge of the entire project. Apparently it does not seem to have particular burdens, but actually, if the project works it is above all thanks to him, if it fails it is above all because of him. He will have to: • describe the company that may be existing, in this case you are the marketing function of the company chosen, or invented, already active or a start-up; • describe the business area in which the company operates or will operate; • organize continuous briefings; • describe the corporate mission; • define the business idea; • direct the strategy according to the mission and corporate objectives and actions; • define and communicate marketing objectives; • orient the value proposition; • supervise the activities carried out by each one and support them where necessary; • coordinate activities; • promote dialogue between the various sectors and consistency between the various activities carried out. Market Analyst He is responsible for the feasibility of the marketing strategy as the strategy is based on market and consumers’ needs analysis. He will have to carry out a situational analysis through the following actions: • describe the market in terms of characteristics, players, trends, needs; • carry out a SWOT analysis; • identify and analyze the Competitors. Main charge in terms of activities: data collection and analysis. Segmenting Targeting Positioning … Marketing mix Control Marketing Plan – Roles within the team Strategic Marketing Manager He is responsible for the success of the plan from a strategic point of view. He will have to define the strategy through the following actions: • segmentation analysis; • targeting; • positioning; • Definition of the value proposition. Main charge in terms of activities: develop a strategy consistent with data analysis (provided by the market analyst).Segmentin gTargeting Positioning … Marketing mixControl Marketing Plan – Roles within the team Operational Marketing Manager He is responsible for the success of the plan from an operational point of view. It will have to develop a plan of actions that make the strategy operational, by: • analysis and definition of a product strategy; • analysis and definition of a pricing strategy; • analysis and definition of a distribution strategy; • analysis and definition of a communication strategy. Main charge in terms of activities: developing a marketing mix plan consistent with the value proposition and which considers objectives in terms of value, relationship and service. Segmenting Targeting Positioning … Marketing mixControl Marketing Plan – Roles within the team Marketing Plan – How to carry it out? Output of the task: the final document is a PowerPoint in which you present your marketing plan. Discussion: You have to present your proposal in 20 minutes (each member of the group has to present his/her part in maximum 5 minutes). Exam Bonus: +(1-3) bonus points that will be added to the grade of the exam. Evaluation: I will evaluate the profitability of the project and not the individual effort of each member of the group; so I will give a bonus point for the project (not a bonus point for each person) which will be valid for all members of the group. Marketing Plan – Deadline May 3 (before the presentation and the examination) Send your final document to: amegaro@unisa.it In the email you have to indicate the name of each member of the group! Subject line of the email: «Marketing strategies in service_Brno_[name of the project]» Antonietta Megaro amegaro@unisa.it THANK YOU Questions? Comments?