Judging marketing mix effectiveness

SMEs

structural difficulties in marketing

Data poverty

They favor activities that deliver inmediate results

Marketing can only be effective in the window of operations permitted

Focus on operations

Lack of objetcive data that relates mkt activity to business performance

Mkt measurement of effectiveness

available information, customer interviews, competitive review, practitioner understanding of industry norms

Tool

Benefit

Works with historial information

Authenticates from customer surveys and competitor reviews

Considers mkt mix

Jargón free language usable for marketing decisions

Uses visual indicators

Agreed agenda for mkt areas

Considers

Mkt mix

Segmentation

Targeting and positioning

Áreas

internal

promotional activitues

external

customers, competitors, industry and practitioner knowledge

Stages

Stage 1. Communications effectiveness ranking

Well use of mkt communicatinos tools on market 1stage1

Stage 2. Offer effectiveness ranking

Use of total mkt mix

How attractive the firm’s offer is viewed relative to customer needs and competitive propositions

Data source

customer interviews, competitor analysis, practitioner knowlege, market norms

Proxies

Defocus, Monitor or Desist, Improve and Promote

Measures imprtance of elements in purchasing and feelings

1stage2

Stage 3. MKT mix effectiveness Rank.

Consolidation of the above

Quadrant: Now, Possible, Room for significant improvement

Concerns

Incomplete mkt mix coverage

Analysis and score controlled by practitioners

Sme owner/managers cwill inderstand strategic linkages between mkt mix elements, customer groups and outcomes of past mkt actions

1stage3