A very important factor in the success of a company is the marketing strategies and the marketing personnel that is being used on a daily basis. As the marketplace evolves ever more rapidly, marketers struggle to keep pace. In our marketing department we have started to concentrate more on the issues that have been failing in the past years for us by adjusting our traditional stratagems-redesigning market segmentation’s, building stronger brands, and hiring new and better marketing managers-are very necessary. Unless these solutions can be mobilized rapidly, we could find ourselves overtaken by our competitors, for a fundamentally different way of organizing companies to exploit opportunity seems to be emerging among many of our growth leaders. You might call us venture-marketing organizations, since like venture capitalists we are quick to spot new possibilities, to allocate resources to the best ones, and to cut our losses as we go. We have decided to turn our marketing department around and make it become our most important key factor for our business.
Marketing to new customers and to our existing customers is going to be our deepest concentration for the moment. We have decided to concentrate on marketing the quality of our products and the benefits of wearing our materials during their workouts or performing events. Our groups realized that to outpace the market consistently, we must not only create fluid organizational structures but also provide for unyielding rigor in measurement and decision making. As a result, we will enjoy revenue growth rates that on average are one and a half times those of the competition. When traditional marketers think of organization, they mean structure: distinct product, channel, and customer groups focusing on specific functional tasks, such as brand management, customer segment management, and market research. Our functional managers will play the pivotal roles in these functionally focused groups, which are responsible for generating ideas and taking them to market.
The Term Paper on Marketing and Market Research
... out in all areas of marketing activities and the information collected concerns customers, markets, responses to existing and planned marketing campaigns and the general ... a brief to find out, the lifestyle of a particular market group. By designing questionnaires in pairs, and then using the ‘snowball ...
But the traditional approach hinders the fluidity required to keep pace with the market’s evolution. For when market priorities change, traditionalists take a ‘wreck and rebuild’ approach that consumes the precious time of top executives, disrupts action on the front lines, and, worst of all, often fails to yield the intended results. Our new-style marketing groups will understand that formal structures can’t drive value in fast-moving environments. To make organizations keep pace with the market, these groups rely not on periodic restructurings but on a continual process of evolution. V MOs do have designated managers for core products, segments, and channels, but the number of these managers, the scope of their responsibilities, and the people to whom they report evolve constantly to reflect changing opportunities. At Dell Computer, for instance, the incentive system rewards marketing managers who successfully identify and capture so many market opportunities that some of their business must be passed on to other managers.
We will apply the same incentive system to our company which will improve our sales and make our products sell a lot better because of the satisfaction for our employees. Divisions divide into smaller and smaller units, and profit-and-loss responsibility spreads out among more and more managers-an approach that encourages all of them to turn the needs of their customers into products and services as quickly as possible.
