The DIY Marketing Workshops Series
aims to help technology companies to know the basic concept of marketing and
apply in their businesses and there are 5 workshops series organized by Hong
Kong Science & Technology Parks Corporation (HKSTP) from 12 May to 12 July
2016. The second workshop named “Marketing
Management” which held on 26 May 2016. Prof.
Samart Powpaka (Associate Professor, Marketing Department; and Director of MSc
Program in Marketing, CUHK Business School of The Chinese University of Hong
Kong (CUHK)) was our guest speaker.
In the beginning, Prof. Powpaka
introduced Marketing Process which separated into Marketing Planning and
Marketing Execution. In Marketing
Planning, it had mission and environmental analysis. He then explained the good mission statement should
ask the following questions:
Q1 – Who are we?
Q2 – Who are our customers?
Q3 – What is our operating
philosophy? / What are our core values?
Q4 – What are our core
competencies or competitive advantage?
Q5 – What are our concerns and
interests related to our employees, our community, social issues, and our
environment?
The second part is Environmental
Analysis which separated into 2.1) Current Marketing Situations and 2.2)
Opportunity & Issue Analysis. In
current marketing situation, types of controllable elements include Objectives,
Resources and Competencies, as well as, Marketing Strategy Program (Product
offerings, Pricing, Distribution, & Communication). Types of uncontrollable elements include Demographic
Environment, Economic Environment, Technological, Political/Legal Environment,
Social / Cultural Environment and Competitive Environment. On the other hand SWOT and Issue Analysis
should be performed.
After that it needs to set the
Objectives, preparing Marketing Strategy and Programs. He said “A strategy is a fundamental pattern
of present and planned objectives, resource deployments and interactions of an
organization with markets, competitions, and other environmental factors.”
Then Prof. Powpaka explained the
different among Corporate Manager (C), Business Manager (B) and Marketing
Manager (M). Their scope is different
and objectives based on Financing (F) and Management (M) is different, as well
as, Resource Deployment is also different.
At the end, he mentioned the
Product Life Cycle (PLC).
Reference:
HKSTP - http://www.hkstp.org
20151203: HKSTP DIY Marketing
Workshop – Marketing Research - http://qualityalchemist.blogspot.hk/2015/12/hkstp-diy-marketing-workshop-marketing.html
20160512: HKSTP DIY Marketing
Workshop 1 – What is Marketing - http://qualityalchemist.blogspot.hk/2016/05/hkstp-diy-marketing-workshop-1-what-is.html
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