SlideShare a Scribd company logo
2
Most read
3
Most read
5
Most read
Developing the
Marketing Mix
Market Life Cycle: 4P Choices
MARKET
INTRODUCTION
MARKET
GROWTH
MARKET
MATURITY
MARKET
DECLINE
+
-
MARKET
SATURATION
0
$
ProductPlacePromotionPrice
One or Few Various - look
for best product
Build brand
familiarity
Little
differentiation
Battle of the
Brands
Some drop
out
Build Value Chains
Maybe selective distribution
Eliminate costs, find better
low cost channels
Pioneering, Informing
Awareness, Build brand
Informing & Persuading
Build selective demand
Differentiate brand
Persuade &
Remind
Skimming or
Penetration
Add value or
Meet competition
Price dealing
and price cutting
No product
differentiation
Other ways to
differentiate?
Consolidate
channels
Value or
Penetration
TIME
PERFORMANCE
CUSTOMER
SERVICE
PRICE
PROCESSES
PEOPLEPLACE
PRODUCT PROMOTION
Relationship Marketing Mix – Marketing Drivers
Product
• expand the line
• change performance, quality or features
• consolidate the line
• standardize design
• positioning
• change the mix
• branding
Price
• change the price, terms or conditions
• skimming policies
• penetration policies
Summary of Typical Marketing Strategies
Summary of Typical Marketing Strategies
Promotion
• change advertising or
promotion
• change selling
Place
• change distribution
• change service
• change channels
• change the degree of forward integration
Summary of Typical Marketing Strategies
People
• conduct skills analysis and retrain/recruit as
appropriate
• change Account Management structure to
Account Relationship Managers
Processes
• change service development process
• change service delivery process
Customer Service
• change service levels by segment
• review and improve communications with
customers
Buy-Stage
Effectiveness of Marketing
Communication Tool
Low Medium High
1.Anticipation or recognition of a problem and
general solution.
Personal Selling Advertising
2. Determination of characteristics and quantity
of needed item.
3. Description of characteristics and quantity of
needed item.
4. Search for and qualification of potential
sources.
5. Acquisition and analysis of proposals.
= Web Site
Figure 1: Buying and Selling Processes and the Web site as part of the Marketing
Communication Mix
Illustrative Product Strategy at Each PLC Stage
Marketing strategy Types of brand strategies
considerations
Type
Objectives
Product strategy
Advertising objectives
Distribution
Price
Brand development
Establish market
position
Assure high quality
Build brand
awareness
Build distribution
network
Skimming or
penetration strategy
Brand
reinforcement
Expand target market
Identity weakness
Provide information
Solidify distribution
relationships
Meet competition
Brand repositioning
Seek new market
segments
Adjust size, color,
package
Use imagery to
differentiate from
competitors
Maintain distribution
Use price deals
Brand modification
Prepare for re-entry
Modify features
Educate on changes
Re-establish and
deliver new version
Maintain price
Phase in life cycle Introduction Growth Maturity Decline
Come and join us to get more tips and tricks.
Subscribe to our newsletter http://www.asl-solutions.com

More Related Content

PPTX
Strategic Marketing versus Tactical Marketing
PPT
Chapter 2 Developing Marketing Strategies and Plans
PPTX
Four p’s of marketing.ppt
PPT
Kotler mm15e inppt_08
PPT
Marketing research
PPT
Developing Marketing Strategies and Plans
PPT
Principles of Marketing Chapter 1
Strategic Marketing versus Tactical Marketing
Chapter 2 Developing Marketing Strategies and Plans
Four p’s of marketing.ppt
Kotler mm15e inppt_08
Marketing research
Developing Marketing Strategies and Plans
Principles of Marketing Chapter 1

What's hot (20)

PPT
Introduction to marketing management
PPT
New market offerings
PPTX
Sales management
PDF
Marketing mix development
PPT
Kotler mm 14e_02_ippt
DOCX
Managing the marketing effort
PPTX
Kotler Keller - Marketing Management 15th edition, Chapter 01
PPTX
Strategic Marketing Planning
PPTX
Philip Kotler Chapter 1
PPTX
The marketing mix product
PDF
What are some influential macroenvironment developments
PPTX
Importance of marketing
PPT
Marketing Planning Process
PPT
Defining Marketing for 21st Century / Marketing Management By Kotler Keller
PPT
Marketing principles and strategies
PPTX
Analyzing the Marketing Environment
PPTX
What is market and marketing
PPT
Brand Equity Ppt
PDF
Competitive analysis
PPTX
Chapter 1 DEFINING MARKETING FOR THE 21st CENTURY
Introduction to marketing management
New market offerings
Sales management
Marketing mix development
Kotler mm 14e_02_ippt
Managing the marketing effort
Kotler Keller - Marketing Management 15th edition, Chapter 01
Strategic Marketing Planning
Philip Kotler Chapter 1
The marketing mix product
What are some influential macroenvironment developments
Importance of marketing
Marketing Planning Process
Defining Marketing for 21st Century / Marketing Management By Kotler Keller
Marketing principles and strategies
Analyzing the Marketing Environment
What is market and marketing
Brand Equity Ppt
Competitive analysis
Chapter 1 DEFINING MARKETING FOR THE 21st CENTURY
Ad

Viewers also liked (8)

DOC
Group 1 brand analysis of apex footwear
PPTX
Developing Your Marketing Mix
PDF
Palmerch06
PPT
Developing your marketing mix
DOCX
Assignment on Marketing Plan of Nike shoes
PDF
Rolls Royce Brand Analysis
PDF
Nike: Marketing Strategies
PPTX
Marketting mix ppt
Group 1 brand analysis of apex footwear
Developing Your Marketing Mix
Palmerch06
Developing your marketing mix
Assignment on Marketing Plan of Nike shoes
Rolls Royce Brand Analysis
Nike: Marketing Strategies
Marketting mix ppt
Ad

Similar to Developing the marketing mix (20)

PPTX
MF Strategic Marketing Slides Chapter 1
PPT
Branding & Brand Positioning
PPT
Ent300 Module08
PDF
Marketing Management
PPT
Mmi marketing 3
PPTX
4.5 IB Business The four P's
PPTX
Marketing Innovation by Soe Hein-MBA
PPTX
What marketing strategies are appropriate at each stage ?
PPT
Shawn Loudenback Overview Sales Strategic Development.1
PPT
3 understanding successn3
PPTX
Marketing management - Marketing mix - Role of Marketing
PPTX
marketingstrategy-120209012221-phpapp01.pptx
PPTX
Marketing, Sales, or Buyer Alignment
PPT
Competititve Marketing Strategies
PPT
PPT
Sesh Sukhdeo - Business Success
PPT
New Product Development And Product Life-Cycle Strategies
PPT
Newproductdev 091101082820-phpapp01
PPT
Sales Promotion
PPT
Product Life Cycle
MF Strategic Marketing Slides Chapter 1
Branding & Brand Positioning
Ent300 Module08
Marketing Management
Mmi marketing 3
4.5 IB Business The four P's
Marketing Innovation by Soe Hein-MBA
What marketing strategies are appropriate at each stage ?
Shawn Loudenback Overview Sales Strategic Development.1
3 understanding successn3
Marketing management - Marketing mix - Role of Marketing
marketingstrategy-120209012221-phpapp01.pptx
Marketing, Sales, or Buyer Alignment
Competititve Marketing Strategies
Sesh Sukhdeo - Business Success
New Product Development And Product Life-Cycle Strategies
Newproductdev 091101082820-phpapp01
Sales Promotion
Product Life Cycle

Recently uploaded (20)

PPTX
Kimberly Crossland Storytelling Marketing Class 5stars.pptx
PDF
Ramjilal Ramsaroop || Trending Branding
PDF
How the Minnesota Vikings Used Community to Drive 170% Growth and Acquire 34K...
PDF
Prove and Prioritize Profitability in Every Marketing Campaign - Zach Sherrod...
PDF
UNIT 1 -3 Factors Influencing RURAL CONSUMER BEHAVIOUR.pdf
PDF
Coleção Nature .
PDF
EVOLUTION OF RURAL MARKETING IN INDIAN CIVILIZATION
PPTX
Mastering eCommerce SEO: Strategies to Boost Traffic and Maximize Conversions
PDF
MARG’s Door & Window Hardware Catalogue | Trending Branding Digital Solutions
PDF
Unit 1 -2 THE 4 As of RURAL MARKETING MIX.pdf
PDF
Building a strong social media presence.
DOCX
AL-ahly Sabbour un official strategic plan.docx
DOCX
Parkville marketing plan .......MR.docx
PDF
NeuroRank™: The Future of AI-First SEO..
PDF
UNIT 2 - 5 DISTRIBUTION IN RURAL MARKETS.pdf
PPTX
PRINCIPLES OF MANAGEMENT and functions (1).pptx
PDF
Mastering Content Strategy in 2025 ss.pdf
PPTX
The evolution of the internet - its impacts on consumers
PPTX
Sumit Saxena IIM J Project Market segmentation.pptx
PDF
Mastering the Art of the Prompt - Brantley Smith, HomePro Marketing
Kimberly Crossland Storytelling Marketing Class 5stars.pptx
Ramjilal Ramsaroop || Trending Branding
How the Minnesota Vikings Used Community to Drive 170% Growth and Acquire 34K...
Prove and Prioritize Profitability in Every Marketing Campaign - Zach Sherrod...
UNIT 1 -3 Factors Influencing RURAL CONSUMER BEHAVIOUR.pdf
Coleção Nature .
EVOLUTION OF RURAL MARKETING IN INDIAN CIVILIZATION
Mastering eCommerce SEO: Strategies to Boost Traffic and Maximize Conversions
MARG’s Door & Window Hardware Catalogue | Trending Branding Digital Solutions
Unit 1 -2 THE 4 As of RURAL MARKETING MIX.pdf
Building a strong social media presence.
AL-ahly Sabbour un official strategic plan.docx
Parkville marketing plan .......MR.docx
NeuroRank™: The Future of AI-First SEO..
UNIT 2 - 5 DISTRIBUTION IN RURAL MARKETS.pdf
PRINCIPLES OF MANAGEMENT and functions (1).pptx
Mastering Content Strategy in 2025 ss.pdf
The evolution of the internet - its impacts on consumers
Sumit Saxena IIM J Project Market segmentation.pptx
Mastering the Art of the Prompt - Brantley Smith, HomePro Marketing

Developing the marketing mix

  • 2. Market Life Cycle: 4P Choices MARKET INTRODUCTION MARKET GROWTH MARKET MATURITY MARKET DECLINE + - MARKET SATURATION 0 $ ProductPlacePromotionPrice One or Few Various - look for best product Build brand familiarity Little differentiation Battle of the Brands Some drop out Build Value Chains Maybe selective distribution Eliminate costs, find better low cost channels Pioneering, Informing Awareness, Build brand Informing & Persuading Build selective demand Differentiate brand Persuade & Remind Skimming or Penetration Add value or Meet competition Price dealing and price cutting No product differentiation Other ways to differentiate? Consolidate channels Value or Penetration TIME
  • 4. Product • expand the line • change performance, quality or features • consolidate the line • standardize design • positioning • change the mix • branding Price • change the price, terms or conditions • skimming policies • penetration policies Summary of Typical Marketing Strategies
  • 5. Summary of Typical Marketing Strategies Promotion • change advertising or promotion • change selling Place • change distribution • change service • change channels • change the degree of forward integration
  • 6. Summary of Typical Marketing Strategies People • conduct skills analysis and retrain/recruit as appropriate • change Account Management structure to Account Relationship Managers Processes • change service development process • change service delivery process Customer Service • change service levels by segment • review and improve communications with customers
  • 7. Buy-Stage Effectiveness of Marketing Communication Tool Low Medium High 1.Anticipation or recognition of a problem and general solution. Personal Selling Advertising 2. Determination of characteristics and quantity of needed item. 3. Description of characteristics and quantity of needed item. 4. Search for and qualification of potential sources. 5. Acquisition and analysis of proposals. = Web Site Figure 1: Buying and Selling Processes and the Web site as part of the Marketing Communication Mix
  • 8. Illustrative Product Strategy at Each PLC Stage Marketing strategy Types of brand strategies considerations Type Objectives Product strategy Advertising objectives Distribution Price Brand development Establish market position Assure high quality Build brand awareness Build distribution network Skimming or penetration strategy Brand reinforcement Expand target market Identity weakness Provide information Solidify distribution relationships Meet competition Brand repositioning Seek new market segments Adjust size, color, package Use imagery to differentiate from competitors Maintain distribution Use price deals Brand modification Prepare for re-entry Modify features Educate on changes Re-establish and deliver new version Maintain price Phase in life cycle Introduction Growth Maturity Decline
  • 9. Come and join us to get more tips and tricks. Subscribe to our newsletter http://www.asl-solutions.com