| This presentation slide will help us in understanding blue ocean strategy -- a new concept in the arena of strategic management. Based on the best selling book, Blue Ocean Strategy, this powerpoint presentation provides a systematic approach to successfully formulate and execute blue ocean strategies. You can download this nice powerpoint slides at http://www.studymarketing.org/catego..._Slides/Powerp oint_Slides.html Eric1871 Full member - Member Since: Apr 2007 Subject - Re: Presentation Slides on Blue Ocean Strategy Five competitive forces in Porter's Model are as follows: 1) Rivalry among competing sellers; 2) Threat of potential entry 3) Competition from substitutes; 4) Power of suppliers and 5) Power of customers Eric1871 Full member - Member Since: Apr 2007 Subject - Re: Presentation Slides on Blue Ocean Strategy A marketing strategy is composed of several interrelated elements. The first and most important is market selection: choosing the markets to be served. Product planning includes the specific products the company sells, the makeup of the product line, and the design of individual offerings in the line. Another element is the distribution system: the wholesale and retail channels through which the product moves to the people who ultimately buy it and use it. Eric1871 Full member - Member Since: Apr 2007 Subject - Re: Presentation Slides on Blue Ocean Strategy Other elements of strategy, especially for consumer goods companies, are display of the merchandise at the point of sale, and promotions to consumers (e.g., cents-off coupons, two-for-one sales, and in-package premiums), retailers, and wholesalers. The list of elements that might shape marketing strategy is long and will vary among products, markets, and companies. Moreover, emphasis on particular aspects of marketing strategy will vary considerably, even among competitors selling comparable products to the same markets. Emphasis will shift, too, over time as products mature and market conditions change. At one stage a company may gain a competitive edge through extensive new product development; at another, it may rely on low price. Eric1871 Full member - Member Since: Apr 2007 Subject - Re: Presentation Slides on Blue Ocean Strategy Positioning is the act of designing the company's offering and image to occupy a distinctive place in the mind of the target market. The end result of positioning is the successful creation of a customer-focused value proposition, a cogent reason why the target market should buy the product. Hertz is thought of as the world's largest auto-rental agency, Coca-Cola as the world's largest soft-drink company, and Porsche as one of the world's best sports cars. These brands own these positions, and it would be hard for a competitor to claim them. Eric1871 Full member - Member Since: Apr 2007 Subject - Re: Presentation Slides on Blue Ocean Strategy Other elements of strategy, especially for consumer goods companies, are display of the merchandise at the point of sale, and promotions to consumers (e.g., cents-off coupons, two-for-one sales, and in-package premiums), retailers, and wholesalers. The list of elements that might shape marketing strategy is long and will vary among products, markets, and companies. Moreover, emphasis on particular aspects of marketing strategy will vary considerably, even among competitors selling comparable products to the same markets. Emphasis will shift, too, over time as products mature and market conditions change. At one stage a company may gain a competitive edge through extensive new product development; at another, it may rely on low price. Eric1871 Full member - Member Since: Apr 2007 Subject - Re: Presentation Slides on Blue Ocean Strategy nnovation can't be confined to one department or an elite group of star performers. It cannot be assigned to a skunkworks far afield from the main organization and insulated from the company's bureaucracy. It must permeate the company, and it must encompass new I products, services, processes, strategies, business models, distribution channels, and markets. It must become part of the DNA of the entire organization. A comprehensive approach to innovation means that it becomes the responsibility and way of operating of business units and functional departments, whether purchasing, operations, finance, or human resources, just as much as it is for new product development or marketing. Eric1871 Full member - Member Since: Apr 2007 Subject - Re: Presentation Slides on Blue Ocean Strategy The overall communications strategy employs advertising to tell potential customers about the product through radio, television, direct mail, and public print and personal selling to deploy a sales force to call on potential customers, urge them to buy, and take orders. Finally, pricing is an important element of any marketing program. The company must set the product prices that different classes of customers will pay and determine the margins or commissions to compensate agents, wholesalers, and retailers for moving the product to ultimate users. Eric1871 Full member - Member Since: Apr 2007 Subject - Re: Presentation Slides on Blue Ocean Strategy How can we introduce learning as an organizational property that extends to all managers? The answer lies in making learning arise from the work itself. Learning has to become natural, even fun. Unfortunately, we have become conditioned to a classroom model hat separates theory from practice, making learning seem impractical, irrelevant, and boring. But what if we make our worksite a perfectly acceptable location for learning? Eric1871 Full member - Member Since: Apr 2007 Subject - Re: Presentation Slides on Blue Ocean Strategy JOB RESULT Results indexes are often used for appraisal purposes if an employee's job has measurable results. Examples of job results indexes are dollar volume of sales, amount of scrap, and quantity and quality of work produced. When such quantitative results are not available, evaluators tend to use appraisal forms based on employee behaviors and/or personal characteristics. In some cases, appraisals may of necessity focus on results rather than behaviors. This is especially true where job content is highly variable, as in many managerial positions, thus making it difficult to specify appropriate behaviors for evaluative purposes. Results indexes such as turnover, absenteeism, grievances, profitability, and production rates can be used to evaluate the performance of organization units.
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