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Why marketing plans
fail...
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back
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Here are the slides from the module we
skipped over
during our final lecture.
The purpose of the module is to indicate
situations that create problems or increase risk when organizations
put forth great effort to write marketing plans, then fail to include
contingencies ("what if..., then..."), follow the plan
(measure success—reallocate resources), or fall short
of getting everyone "on board" as part of the effort.
Here are a few comments I like to share..
Tip: Find marketing plans
on the Internet by typing in the NAICS code of the industry +
"marketing plan" in the Google search window. Skip to the third or
fourth page of hits, as the first few pages will want to sell you
stuff.
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< The 3 components of an efficacious goal
are repeated
at the bottom of this slide.
< The strategy is devised to achieve
goal(s). It's the
"how we'll measure our results"—the major components.
< Under each component, there are
individual activities,
events, operations; these are the tactics: ad campaigns,
PR efforts, and sales training workshops, etc.
As with goals, each tactic is
assigned a budget,
a specific measurable goal, a timeline, and
who is responsible for making sure the goal is met..
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How embarrassing to be shopping
and a friend approaches you and mentions seeing an ad for your
organization—but you haven't seen it.
This happens too often. The organization
has failed to capitalize on the fact that word--of-mouth is the
strongest form or promotion. It's also the most cost-effective.
Educate your employees: show them
the ads, brochures, and PR campaigns; tell them how they fit, and what
to say/do when others call it to their attention. It's called internal
marketing—part of "integrated" marketing communications.
The second bullet states that there should
be rewards
for those who go "above and beyond," and repercussions
for those who fail to meet goals. At G.E. under Jack Welch,
each year the bottom 10% of salespeople were fired. |
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< Risk masquerades in the form of
unsubstantiated bias.
Experience should be tied to other forms of research.
<
Not setting measurable goals creates an
environment
where others tend to play the blame game, or take false
credit that can make others jealous or bitter.
< Good plans always have next steps:
...what we'll do if we fall short.
...what we'll do if we over-achieve.
and who will put it into action—and when. |
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< This attitude is prevalent in 501C
non-profit organizations.
Employees assume that because they are underpaid,
they need not set or meet goals. Employers discourage
this behavior by setting standards and rewarding those
who excel.
< It's too easy to get over-confident
with individual results
based on fulfilling customers' needs. The
false assumption
is, by replicating past actions, we'll get the same or better
results. Suddenly, a marketing-oriented program becomes
production,
product, or selling oriented.
< Ask for and get verbal buy-in by
everyone in the
organization. Not the typical group nod, let each voice
his/her role in the effort. That way, managers know
who's on board. |
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| question?
Copyright 2008 |
Steve Toms All materials posted on the webpage are for educational
purposes and for the expressed use of those enrolled in this class
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