1 | Environment analysis | * Micro analysis- (1) Internal: Company competence (2) External: Customer(=Market)/Competitor * Macro analysis- PEST analysis (Change analysis) - 4C Analysis: Company, Customer, Competitor, & Change - Customer(STP), Competiton & Company competency(5 Forces framework & Industry analysis) |
2 | SWOT Analysis | S/W: Company, O/T: Customer, Competitor --> Thru SWOT, setting basic direction |
S-O: New biz strat, W-O: Reinforcing strat, S-T: Competiton strat, W-T: Withdrawl strat | ||
3 | Objective setting | Present Vision & Mission Vision is containing objective Objective should be SMART: Specific, Measurable, Achievable, Result oriented, Time bounded Aim to achieve quantitative objective thru marketing program such as market share, profit, ROI, timeline for achievement & target market etc; Qualitative objective also could be mentioned |
4 | Action plan | Based on marketing mix strategy: 4Ps(product, price, place & promotion, communication) |
5 | Implementation | |
6 | Feed back | |
Management Tools | ||
ERP | ||
SCM | ||
CRM | Customer centric, Customized marketing based on DB: MVP, MGC & BZC(Below zero customer) | |
Customer analysis: STP | Segmentation & targeting --> CRM --> SFE --> SFA --> ETMS(Electronic Territory Management System) | |
Positioning: Key benefits(Rational & Emotional) & Differntiation --> Differentiation by benefits --> develop communication message --> Promotion strat(Communication) amongst 4Ps --> IMC (Brand equity, brand awareness(brand recall & recognition) & Brand image) --> Total recall(TOM, Unaided & Unaided) --> Compare Brand awareness with Brand ever use --> fallout rate --> Retention rate calculation |
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