Professional Documents
Culture Documents
Agenda
PharmaSim Wrap-up
Insights from the marketing plan Insights from the game
PharmaSim Wrap-up
Marketing Planning Lessons Strategies and Performance by Group
Assumptions
Includes growth, competitive reactions, etc.
Are there positioning gaps? Who will rush to fill them and what are the threats?
Product Management Summary6
Pricing Analysis
All teams adopt competitive positioning, but is this profit maximizing?
Product Management Summary7
Advertising Analysis
Objective of primary demand is often not commensurate with a line extension or a lower share brand (increases competitors sales)
Game Results
Rank Within Industry
Team Cum. Mfr. Sales A B C D E F G H Cum. Net Income 2 1 1 1 3 1 2 1 3 3 2 3 4 2 3 3 Share of Mfr. Sales 3 2 1 2 3 1 1 1 Stock Price 4 2 1 2 3 1 3 2
Groups maximized share and sales as opposed to net income - marketing bias?
Product Management Summary10
Game Results
Correlation between teams strategies and teams results
Cum. Mfr. Sales Cum. Net Income Sh. Mfr. Sales Stock Price Cum. Ads -0.03 -0.04 -0.21 -0.08 Cum. Promo 0.64 0.37 0.66 0.68 Cum. Sales F. 0.10 0.41 -0.25 -0.02 Avg. Ret. Price 0.64 0.79 0.29 0.49 No. Products 0.46 -0.04 0.73 0.59
PharmaSim Wrap-up
Experience with marketing planning
Number of lessons with respect to writing a plan
Goal-setting experience
How did you do vs. plan
Course Overview
Objective - Theoretical and practical grounding in brand management Structure
Brand Management System On Building A Brand Managing Across Brands
Structure
Part I - The Brand Management System
Brands and Brand Management: Class 1
The Nature of a Brand Brand/Product Management An Application to the Pepsi Syringe Scare.
Sophisticated organizational structure Integrated plan Facilitated information flows to and from markets Result: brand not affected
Structure
Part I - The Brand Management System
Organizational Design: Class 2
P&G Case
The brand management system gives brands attention In mature categories, be wary of product proliferation
Structure
Part II - Building Brands
Pricing: Class 3
Kodak
Strategic choice between share, margins, and equity Innovation is necessary to increase all three Price points and flanker (fighter) brands
Pricing
Price-quality inferences EDLP The effect of pricing on equity (JMG 1999)
Structure
Part II - Building Brands
Distribution: Class 4
Goodyear case and video
Channel cares about price and store equity (not brand) Manufacturer cares about brand equity (not store) Intensive v. exclusive distribution and equity Push v. pull and equity Channel is front line to customer and has large impact on equity Video: dealing with the media
Brand Elements
Name, logo, characters, slogans, and jingles Memorable, meaningful, protectable, transferable, adaptable
Product Management Summary18
Structure
Part II - Building Brands (Cont.)
Private Label and Promotion: Class 5
Private Label
Change quality, change price, add low quality brand, or do nothing (Hoch) Recall, these are Kodaks options
Sales Promotion
Event marketing (raise awareness and leverage secondary associations, but weak payoffs and unforseen consequences) Sales promotion (trade and consumer) Short term gains, long term costs
Craig Stacey (VP from IRI) discusses the use of scanner data information to build brands. Product Management Summary19
Structure
Part II - Building Brands (Cont.)
Promotion: Class 6
Marketing in the NHL
Promotion of event rather than game Grass roots marketing
Structure
Part II - Building Brands (Cont.)
Advertising: Class 7
Advertising
Integrated communications (awareness and brand associations)
Live Commentary and Discussion with Michael J. Ganey, Director, Howard, Merrell & Partners,Inc.
How to use an agency Effect of advertising on brands
Structure
Part III - Across Brands and Markets
The Marketing Plan: Class 8
The Marketing Plan
Plans serve to coordinate and formalize research and decisions Planning process Planning format
Structure
Part III - Across Brands and Markets
Product Extensions: Class 9
Product Extensions
Tremendous efficiencies Consumer confusion Issues of fit
Structure
Part III - Across Brands and Markets
Global Branding: Class 10
The Heineken Case
Messages can transcend culture Think global (message) Act local (design) Local v. global control
Global branding
Efficiency v. customization
Structure
Part III - Across Brands and Markets
Branding on the Internet: Class 11
Deborah Kania (Lens Express and author of branding.com) and Beth Yakel (Sciquest)
Brands are increasingly important on the web Traditional brands have greater awareness but carry traditional baggage. The opposite is true for e-brands Branding on the web implies personalization and community
Structure
Part III - Across Brands and Markets
Wrap-up and PharmaSim Summary: Class 12
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Course On a Page
Part 1 - Brand Management System
Brands and Organizational Design
Good Luck!
Stay in touch
Guest speaking Examples Feedback regarding preparation Vexing issues faced this summer or next year