Marketing control, Marketing Management

Assignment Help:

Marketing control:

Because many surprises occur during the implementation of the marketing plan, the marketing department must practice constant marketing control. Marketing control involves evaluating the results of the marketing strategies and plans and taking corrective action to ensure that objectives are attained. Management fist sets specific marketing goals. It then measures it performance in the market place and evaluates the causes of many differences between expected and actual performance. Finally, management takes corrective action to close the gaps between its goals and its performance. This may require changing the action programs or even changing the goals. Operating control involves checking on going performance against the annual plan and taking corrective action when necessary. It purpose is to ensure that the company achieves the sales, profits and other goals set out in its annual plan. It also involves determining the profitability of different products, territories markets and channels. Strategic control involves looking at whether the company's basic strategies are well matched to its opportunities. Marketing strategies and programs can quickly become outdated, and each company should periodically reassess its overall approach to the market plane. A major tool for such strategic control is a marketing audit. The marketing audit is a comprehensive, systematic, and independent and periodic examination of a company's environment. Objectives, strategies, and activities to determine problem area and opportunities. The audit provides goods input for a plan of action to improve the company's marketing performance. The marketing audit covers all major marketing areas of a business, not just a few trouble spots. It assesses the marketing environment, marketing strategy, marketing organization, marketing systems, marketing mix, and the marketing productivity and profitability. The audit is normally constructed by an objective and experienced outside the party. The finding may come as a surprise and sometimes as a shock to management. Management then decides which corrective actions make sense and how when to important them. The marketing environment: managing the marketing function would be hard enough if the marketer has to deal the controllable marketing mix variables. But the company operates in a complex marketing environment, consisting of uncontrollable forces to which the company must adapt. The environment produces both threats and opportunities. The company must carefully analyze its environment so that it can avoid the threats and take advantage of the opportunities. The company's marketing environment includes forces close to the company that affect its ability to serve consumers, such as other company departments, channel members, supplies competitions, such as to the company departments, supplies and public. It also includes broader such economic forces, political and legal forces, technological and ecological forces, and social and cultural forces. The company needs to consider all of these forces when developing and positioning its offer to the market target.


Related Discussions:- Marketing control

What is technological environment technology, What is Technological Environ...

What is Technological Environment Technology? Technological Environment Technology: The knowledge of how to achieve tasks and objectives. Forces, those create new technolo

What is social responsibility marketing, What is social responsibility mark...

What is social responsibility marketing? Social Responsibility Marketing: Holistic marketing includes social responsibility marketing and considerate broads concerns and t

Advantage of benchmarking , Benchmarking is in important tool for firms loo...

Benchmarking is in important tool for firms looking to continuously improve their own processes. The obvious advantage of benchmarking is that a firm is able to copy and imitate th

Motivation, how to build up a motivation to make our work success?

how to build up a motivation to make our work success?

What is salesmanship in marketing, What is salesmanship in functions facili...

What is salesmanship in functions facilitating exchange? Salesmanship: Personal selling is a significant method of selling goods. This is widely used into retail marketing

Determine the flexibility of advertising tool, Determine the flexibility of...

Determine the flexibility of advertising tool Flexibility of this tool is good since it can be used to communicate with a national audience or a particular specialised segment.

How is american marketing association refined research, How is American Mar...

How is American Marketing Association refined about the marketing research? Although, the American Marketing Association (AMA) redefined marketing research like a function that li

Market share, “Market Share is the best indicator of company performance.” ...

“Market Share is the best indicator of company performance.” Is this a reasonable statement?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd