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MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
. The Situation Analysis is finalized as a written document that includes what components?
Summaries of (1) current market share, (2) historical sales volume by year, and (3) return on investment in past marketing campaigns.
Summaries of (1) opportunities based on customer needs and (2) problems that must be resolved to take advantage of these opportunities.
Results of analyzing the (1) micro-environment (factors affecting the company) and (2) macro- environment (factors affecting many companies), and (3) emerging social media strategy.
Overviews of all departmental strategies, including (1) Finance, (2) Operations, (3) Personnel, and (4) Marketing.
2. The Napa fuel gel and firepots discussed in this chapter represent a product at which stage in its life cycle?
Decline
Growth
Line extension
Introduction
3. What three component parts are essential to a value proposition?
A target market segment, a message channel strategy, and a compelling call to action.
Creating an identity, mirroring the minds of the target market, and differentiating one’s offering from competitors’ offers.
A promised benefit, unclaimed by competitors, persuasive enough to compel individuals to act.
A compelling illustration of the relationship between value given, value received in exchange, and fairness.
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