Order custom Harvard Business Case Study Analysis & Solution. Starting just $19
Marketing Head's Conundrum Marketing Strategy Analysis & Solution
Marketing & Sales Case Study Analysis and Solution
At Fern Fort University, we use Harvard Business Review (HBR) marketing principles and framework to analyze Marketing Head's Conundrum case study. Marketing Head's Conundrum is a Harvard Business Review case study written by Maneesh Bhandari, Pramod Kumar Bagri, Dinesh Kumar Unnikrishnanfor the students of Sales & Marketing. The case study also include other relevant topics and learning material on – Financial analysis, Marketing
Strategic Marketing Analysis of Marketing Head's Conundrum case study written by Maneesh Bhandari, Pramod Kumar Bagri, Dinesh Kumar Unnikrishnan will comprise following sections –
- Marketing Head's Conundrum Case Description
- Marketing Definition
- Market Potential Analysis of Marketing Head's Conundrum
- Market Share Potential Analysis
- Segmentation and Segment Attractiveness Analysis
- Competition and Competitiveness Analysis of Marketing Head's Conundrum
- Customer Value Analysis of Marketing Head's Conundrum case study
Marketing Head's Conundrum Marketing Case Description
Sales & Marketing Case Study | Authors :: Maneesh Bhandari, Pramod Kumar Bagri, Dinesh Kumar Unnikrishnan
We Sell Everything in Software (WSES) Inc. dealt with innovative off-the-shelf products and had a high growth trajectory. They had a healthy pipeline and their annual marketing spend of $500 million was allocated on the basis of conversion probabilities at flat 6% of the expected sales value. WSES did not have a structured approach for calculating sales conversion probabilities - it followed the gut feelings of its marketing and sales team. Therefore, it incurred high marketing cost including travel costs, client visits, time spent by the sales team/technical experts/support staff, and logistics costs. Jack, the CEO of WSES, was worried that despite having such a huge expenditure list, the sales conversion possibilities based on the pipeline was at best an ancillary information, as there was no substance in justifying the ''gut feeling''. Thus, Jack was not too convinced of this method and was exploring multiple options with Ben, Vice President, Marketing. Considering that WSES pursued around 1,000 opportunities every year, which they either won or lost, Jack felt the need to have these data that they had collated over the years validated and thereby interpreted. Thus, WSES engaged Mark with a Ph.D. in statistics to understand if they could determine a structured approach to compute conversion probabilities and devise an optimal way to allocate marketing spend such that even with significant reduction in marketing spend, the objectives on expected values on sales and profits were met.
Financial analysis, Marketing
According to American Marketing Association – Marketing is a set of activities that a firm undertakes for creating, communicating, delivering, & exchanging offerings that have value for customers, clients, partners, and society at large.
Kotler explains - Marketing is a process by which organizations can create value for its potential and current customers and build strong customer relationships in order to capture value in return.
Market Potential Analysis of Marketing Head's Conundrum
Market potential analysis comprises evaluating the overall market size of the related product that the firm is planning to launch. This will involve defining – Why the target market segment needs the product and how it will provide a solution to full its consumers’ needs. Market potential of Marketing Head's Conundrum products various on factors such as –
- Maturity of the market. In mature markets the profitability is often stable but the market potential is less as most of the players have already taken market share based on the segment they are serving. New players have to go for market share strategies in marketing.
- Technological competence of the existing players and culture of innovation and development in the industry.
- Untapped market sizes and barriers to both enter the market and serving the customers. Often companies can easily see the unfulfilled needs in the markets but they are difficult to serve as there are costly barriers.
- Define the core need that your product is serving and list out all the direct and indirect competitors in the market place. This will help not only in positioning of the product but also in defining or creating a segment better.
- Uncovering the current and untapped market sizes and barriers to serving the larger market. Analyze the areas that you need to sort out while launching the products to wider market and what are the challenges the firm will face in market place.
- Estimate the current stage in product life cycle and its implications for marketing decisions for the product.
Market Share Potential Analysis
- Understanding the buyer behavior model for Marketing Head's Conundrumindustry.
- Identifying the market share drivers relevant to Marketing Head's Conundrum market.
- Segment Attractiveness Analysis – Our analysis will work out which are the most attractive segments and which are the one the firm should go ahead and target. We point out in great detail which segments will be most lucrative for the company to enter.
- Understanding the different needs and relative value of your offering by segment.
- Developing segment priorities and positioning the product based on the product need fit developed by the firm.
Competition & Competitive Position Analysis
- Uncovering customer-based competitive positions for key rivals and firm’s offering. This will not only help in assessing the strengths and weaknesses of the competitors but also help in defining and positioning of the product.
- Developing a positioning and launching strategy. It will require not only distribution channel analysis but also promotion mix for the product.
- Strategic Marketing Planning — the process of developing and maintaining a strategic fit between the organization’s objectives and capabilities and the ever evolving marketing opportunities for its products.
Marketing Head's Conundrum - Customer Value Analysis
Capturing customer value is essential to marketing efforts as it results in higher return in the form of both current & future sales, greater market share, and higher profits. By creating superior customer value, the organization can create highly satisfied customers who stay loyal and buy more. This, in turn, means greater long-run returns for the firm.
- The crucial role of customer perceived value in acquiring and retaining profitable customers. Product differentiation is often based on building on a value niche that a firm believes that is very important to the customer. This niche contributes to perceived value. If the perceived value is high then customer stay loyal to the product if not then she can switch to the competitor’s product.
- Graphically displaying value differences for deeper understanding and better internal communication. This helps is building a narrative that a customer can identify with. The better the insight more are the chances of connecting with the potential customers.
- Identifying and selecting actionable value creation options. This can help in increasing the customer lifetime value. Customer lifetime value is the value of the entire stream of purchases that the customer would make over a lifetime of patronage.
NOTE: Every marketing case study solution varies based on the details and data provided in the case. We write unique marketing strategy case solution for each HBR case study with no plagiarism. The specific case dictate the exact format for the case study analysis.
You can order Marketing Head's Conundrum Marketing Strategy Case Study Solution with us at Fern Fort University .
Next 5 Marketing Case Study Solution
- The kitchen purchase: Briefing for buyers: Mr and Mrs Stulle Marketing Strategy Solution
- Housing.com: Marketing a Service Offering Marketing Strategy Solution
- The kitchen purchase: Briefing for sellers: Mr and Mrs Hase Marketing Strategy Solution
- Ziroom: Creating Quality Rental Living Marketing Strategy Solution
- Flipkart: Transitioning to a Marketplace Model Marketing Strategy Solution
Previous 5 Marketing Case Study Solution
- Marketing Transformation Using Social Network on Digital Media: How BJP Used WhatsApp to Create a Successful WOM Campaign Marketing Strategy Solution
- Social Network Analysis: Who is Promoting Net Promoter? Marketing Strategy Solution
- ExAblate Neuro Marketing Strategy Solution
- Orexigen: Valuing Contrave Marketing Strategy Solution
- Telma: Building and Defending a Market Leader Marketing Strategy Solution
HBR Case Studies Solutions
- The kitchen purchase: Briefing for buyers: Mr and Mrs Stulle Porter, SWOT,& PESTEL Analysis
- Housing.com: Marketing a Service Offering Porter, SWOT,& PESTEL Analysis
- The kitchen purchase: Briefing for sellers: Mr and Mrs Hase Porter, SWOT,& PESTEL Analysis
- Ziroom: Creating Quality Rental Living Porter, SWOT,& PESTEL Analysis
- Flipkart: Transitioning to a Marketplace Model Porter, SWOT,& PESTEL Analysis