Paul Butler from Aston Business School explains how you can improve your marketing thinking.
Marketing plays a central and strategic role in any successful business. As a professional manager you will need to understand and communicate how your organisation can best use marketing tools and techniques to help deliver strategic value. Keep your marketing decisions on track by asking yourself the following four questions:
Q1: Why do your customers buy your products or services?
It is important to move beyond opinions and intuition and focus on gathering and analysing real data about real customers. Businesses that do not take this aspect of marketing seriously run the risk losing sales and market share to their competitors.
Q2: What do your customers think about the competition?
How your customers perceive your competitors is hugely significant. With the rise of the internet and web-based comparison tools it has become much easier to compare suppliers and to share that information with others instantly. It is important that you keep a watching brief on these areas of customer intelligence.
Q3: Can you segment your market?
Targeting segments within a market can be a very effective driver of sales, especially when the focus of differentiation is on customer need. This process also means that you can identify those customers that add the most value, and direct your marketing efforts accordingly.
Q4: What’s your plan?
Your marketing plan should:
Once you are able to answer these questions, you will feel confident in contributing to informed decisions about strategic direction, helping the business spend less time reacting to competitors and more time innovating for market leadership.
If you’re ready to face the challenge, the ability to apply these marketing techniques will help accelerate your career as a manager. Our new Professional Managers’ Award is a practice-oriented programme that introduces you to a robust toolkit directly applicable to your day job.
Backed by world class academic rigour, this toolkit will enable you to manage confidently, and make better, more informed decisions. Pragmatic real life examples and case studies will enable you to develop skills that support you now and into the future. Topics are delivered to meet your individual requirements.
To find out more about how our Aston Professional Managers’ Award can help you build a management toolkit that accelerates your career, email us on email@example.com, telephone us on +44(0)121 204 3160 or visit www.aston.ac.uk/prof-mgr-award.