Marketing targets
Stage 1. Establishment of starting point.
Starting point to set marketing targets is our actual position on the market.
Indexes |
Value |
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….. mln PLN |
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….. mln PLN |
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…..% of capacity |
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…..% of average month sale |
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….. PLN |
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….. % for ROI |
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….. |
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….. |
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….. |
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Note: in above table very important index used by big companies was not took into account- market share (quantitative and valuable). Index of foreign market share for most of small and medium companies does not exceed 1-2 % and because of that can be passed over.
For bigger companies which plan to sell more expensive brand products, there is essential to determine company profile and profile of its products and awareness of brand if products are supposed to be sell under their own brand.
Stage 2 General valuation of importance of export for realization of company's targets.
Targets of quantitative character
Company targets |
Valuation of importance for the company (in points) |
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Targets of valuable character
Company targets |
Valuation of importance for the company (in points) |
Adaptation of advanced technologies |
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Adaptation of high-tech methods of production |
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Acquirement of knowledge of foreign markets |
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Reduction of risk through sale on different markets |
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Use of technological predomination/ patents |
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Stage 3 Determination of aims for export activity
Company targets (for export activity) |
Value |
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+ ….. mln PLN |
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+ ….. mln PLN |
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+ ….. % of capacity |
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+/- ….. % of average month sale |
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- ….. % of unit costs |
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+ ….. % for ROI |
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+ ….. countries |
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+ ….. intermediaries |
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+ ….. points-of-sale |
Marketing layout as base of export plan building.
Marketing elements that were took into consideration in creation of export development plan
Marketing Mix (4P) |
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Product |
Price |
Place |
Promotion |
Assortment Quality Sample Features Brand Packaging Physical characteristics Service |
Catalog price Discounts Tax credits, capital allowances etc. Period of payment Terms of credit |
Channels of distribution Territorial extent Assortment offered Localization Inventories Transport
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Advertisement Sale promotion Staff responsible for sale Public relations Direct marketing |
Product strategy.
Product - is factual market offer of a company, consisted of quality, sample, technical parameters, brand (trade name) and packaging (P. Kotler)
Stage 1 Characteristic of products which can be exported.
Product 1, 2, …, n
Strong points |
Weaknesses |
1 |
1 |
2 |
2 |
3 |
3 |
4 |
4 |
5 |
5 |
6 |
6 |
7 |
7 |
Note: if we can cite more strong sides, the chance that we will find clients on the foreign market is bigger.
Stage 2 Fixing benefits which are offered by particular products
Products 1, 2, …, n
Foreground benefits:
Background benefits:
Note: if we can cite more benefits, the chance that we will find clients on the foreign market is bigger.
Stage 3
Fixing actual place in product life cycle
a) ….. a new product (just placed on the market - Introduction)
b) ….. growing purchase (people are discovering a product - Growth)
c) ….. established position (recognizable on the market)
d) ….. maturity (regular, habitual purchase - Maturity)
e) ….. loss of value (product begins to loose its position on the market - Decline)
f) ….. decreasing purchase(significant drop in sales - Decline)
When fixing actual place in product life cycle, following table can be useful:
Characteristic of basic market indexes in addition to product life cycle
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Introduction |
Growth |
Maturity |
Decline |
Sale |
low standard |
soar sale |
the highest standard of sale |
Drop in sales |
Costs |
high costs per client |
average costs per client |
low costs per client |
low costs per client |
Profits |
losses |
growing profits |
high profits |
decreasing profits |
Competition |
not many competitors |
growing number of competitors |
stable number of competitors |
decreasing number of competitors |
Marketing targets in particular stages of product life
Introduction |
Growth |
Maturity |
Decline |
Conscience of product existence and mock shopping |
systematic increase in sale |
Maximizing of profits with keeping high standard of sale |
reduction of expenses |
Marketing strategies for particular stages of product life cycle
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Introduction |
Growth |
Maturity |
Decline |
Product |
Offering base product |
Offering additional versions, guaranties |
Diversification of brands and models |
Recall of weakest brands and models |
Price |
Cost-plus formula |
Low price- market penetration |
Price suited to practice of competition |
Decreasing a price |
Distribution |
selective |
intensive |
intensive |
Selective- elimination of non-profitable points |
Advertisement |
Building awareness of product existence |
Extension of awareness/recognition |
Emphasis of unique features advantages |
Limiting to minimum advertisement expenses |
Promotion of sale |
Using of strong sale promotion to goad willingness to try |
Reduction in addition to gain advantages from strong consumption demand |
Grow in addition to provoke change of a brand |
Reduction to minimal standard |
Stage 4 Preliminary choice of export products
Criteria of choosing products to export offer |
Are offered products compliant with criteria? |
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YES |
NO |
Product is sold on the national market successfully |
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Product was accepted by potential recipient- intermediary |
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Product was accepted by potential final buyer |
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Product is comparable in terms of quality with products available on the foreign market |
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Product is compliant with technical and safety requirements, etc. (characteristic for particular market) |
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Company has free manufacturing capacity |
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Stage 5 Final assign of export products offer
Description of basic products/services:
Names/ brands:
Number of features/ options of every product/service: