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A marketing strategy involves focusing limited resources on opportunities to increase sales and achieve a competitive advantage. It begins with defining business goals and a marketing strategy, then the marketing mix of product, price, place, and promotion. Finally, a marketing plan details specific activities.
Ohmae's 3C model for business strategy success considers the corporation, customers, and competitors. The corporation focuses on maximizing strengths relative to functions. Customers are segmented by objectives and coverage. Competitors are differentiated by available sources of functional differentiation. Today the model also includes collaborators and context.
A marketing strategy involves focusing limited resources on opportunities to increase sales and achieve a competitive advantage. It begins with defining business goals and a marketing strategy, then the marketing mix of product, price, place, and promotion. Finally, a marketing plan details specific activities.
Ohmae's 3C model for business strategy success considers the corporation, customers, and competitors. The corporation focuses on maximizing strengths relative to functions. Customers are segmented by objectives and coverage. Competitors are differentiated by available sources of functional differentiation. Today the model also includes collaborators and context.
A marketing strategy involves focusing limited resources on opportunities to increase sales and achieve a competitive advantage. It begins with defining business goals and a marketing strategy, then the marketing mix of product, price, place, and promotion. Finally, a marketing plan details specific activities.
Ohmae's 3C model for business strategy success considers the corporation, customers, and competitors. The corporation focuses on maximizing strengths relative to functions. Customers are segmented by objectives and coverage. Competitors are differentiated by available sources of functional differentiation. Today the model also includes collaborators and context.
limited resources on the best opportunities to increase sales and thereby achieve a Sustainable competitive advantage. • Start with your business goals: these are the highest-level objectives of the business, or mission statement. Next comes the marketing strategy: the high-level rules that will govern what marketing efforts you focus on. After you’ve defined your marketing strategy, you will define the marketing mix: plans for Product, Pricing, Place (Distribution), and Promotion. Then the final step is writing a marketing plan, which will describe the specific, detailed marketing activities that you plan on engaging in to achieve the marketing strategies and business goals. • Kenichi Ohmae is one of the most well known world’s leading business and corporate strategists. • The 3C’s model provides a strategically look at the factor which is required for the success in any business process. • It points out three key factors for the success. • In the construction of any business strategy, these three models must be taken into account. They are: • The Corporation. • The Customer and • The Competitors. • Ohmae considered these three factors as the three C’s or strategy triangle.
• The corporation: The Corporation needs strategies for maximizing its
strength relative to the competitions in functional areas that are very difficult to achieve success in the industry. The corporation plays roles as:
• Selectivity and sequencing
• Make or buy • Cost-effectiveness • Selectivity and Sequencing: The Corporation does not have to lead in every function to win. If it gets gain decisive then only it will improve its other functions which are below average. • Make or Buy: It becomes a critical decision for a company to subcontract a major share of its operations. If its competitors are approaching then it make use of • subcontractors or vendors to make the function at earliest as possible, this leads to difference in cost structure. • Cost-effectiveness: Improving the cost-effectiveness can be done in three ways; • By reducing basic cost • By exercising greater selectivity • By sharing certain key functions with other companies • The Customer: clients are the base of any strategy, means a company that is genuinely interested in its customers will be interesting for its investors and take care of their interests automatically. • Segmentation is helping to understand the customer. • Segmentation by objectives: here differentiation is done on the basis of the ways the customer use products. • Segmentation by customer coverage: here differentiation is made on the basis of coverage of a product over the market. • The competitors: • The strategies based on competitors can be built on by looking at various available sources of differentiation in functions. • Today we add 2 more c • Collaborators (dealers,suppliers) • Context (PEST analysis)