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5 C's of Marketing
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Coffee%or%Tea??%
"We%will%con1nue%to%accelerate%the%new%store%buildup%and%so%go%from%750%stores%today%to%over%1,500%by%2015”%–%STARBUCKS%GLOBAL%
Coffee%or%Tea??%
03#November#2009###“Nearly%400%jobs%are%to%go%at%Twinings%as%Britain%falls%out%of%love%with%posh%tea.%%
The%tea%producer,%which%has%been%marketed%by%Stephen%Fry,%said%it%is%closing%its%
Newcastle%teaFpacking%factory%with%the%loss%of%260%jobs%and%130%are%going%at%its%
Andover%plant%in%Hampshire.%ProducNon%is%moving%to%Poland%and%China.”#–#LONDON#EVENING#STANDARD##
EXTERNAL-MICRO(collaborators)
EXTERNAL-MACRO(context)
EXTERNAL-MICRO
(competition)
EXTERNAL-MICRO
(customers)
INTERNAL
“5Cs PLANNING
”
1. who are your customers?
now
before
never
how they are segmented now?
how ELSE they can be segmented?
now BUT…
• novice triers • alternative users • non users ever since • Economizers
• lapsed users • lost users
• occasional users • Selective users
• new solution seekers
new users new usage
extended users more usage
identifying UNSERVED, UNDERSERVED MARKETS
M. SIZE CAPACITY TO ACCESS
seg A 3 very good
seg B 4 not so good
sec C 1 not so good
sec D 2 very good
*do this per cut
2. what are their needs?
what are their FUNCTIONAL needs WHEN “HIRING” YOUR PRODUCT?
what are their EMOTIONAL/ SYMBOLIC needs?
what are their SOCIAL needs?
what are the PAINS & GAINS/ BIGGEST HEADACHES associated with trying to meet
their needs?
UAI$$
• Brand$awareness$
– Brands$aware$of$
– Adver0sing$awareness$
– Sources$of$awareness$
$
• Usage$behavior$– Product$category$use$(or$why$not$used,$
never,$or$why$not$anymore)$
– Size,$variants$$mix$
– Usage$frequency$
– Who$uses$
– Who$else$uses$
– When$product$is$used$
– Product$usage$
– Brands$tried$
– Brands$last$used,$previous$to$last,$used$most$oEen$
– Brand/s$used$presently$
• Purchase$Behavior$
– Where$last$purchased$
– Where$most$oEen$purchased$
– Frequency$of$purchase$
– Size$mix$of$purchase$
– Quan0ty$last$purchased$
– Price$paid$
– Alterna0ve$in$mind$during$last$purchase$
– Brand$availability$
– What$else$bought$with$brand$
$
• Product$Experience$– Product$aJribute$desired$
– Likes$about$exis0ng$brands$
– Dislikes$about$exis0ng$brands$
– Ra0ng$of$compe0ng$brands$on$aJributes$target$market$
– SocioOdemographics$data$
– Media$habits$
Needs/$wants?,$Gaps$in$market?,$Posi0oning$
leads,$new$product$opportunity$$
Distribu0on,$product$extension,$packaging$
opportunity/$pricing$level/$indirect$&$direct$
compe00on,$placement$standard$Adver0sing$effec0veness,$gaps$between$share$
of$mind$&$share$of$market$
Market$size?$Poten0al$size?$How$to$aJract$others?$
Direc0on$for$marke0ng$communica0on,$new$use/$user/$
new$usage/$more$users$opportunity,$extension$
opportunity,$brand/s$trial$&$loyalty$incidence,$est$market$
share$
4. buying cycle
PROBLEM IDENTIFICATION
when, where, how does it happen
INFO SEARCH where buying info is sought
EVALUATION OF ALTERNATIVES
PPVs in evaluating options
PURCHASE DECISION who, when, how, where decision is made usually
POST-PURCHASE how it is managed
COMPETITION
MAJOR PLAYERS
INDUSTRY STRUCTURE
“COMPETITION LEVEL”
LOGIC OF INDUSTRYrules of the gameindustry KSFs
“economic” structureusual finance configurationprevailing technologyentry/ exit barriersindustry policies
those who offer similar products/ solutions?
strategies, business models, tactics?
*SEE PORTER’S 5 FORCES OF COMPETITION