Preface
Strategic marketing creates
competitive advantage. Those organizations that understand the role and practice the
processes of strategic marketing gain an advantage over those organizations that do not.
Strategic marketing is the central activity of a modern enterprise. Strategic marketing
requires an articulation of the organization's vision, mission, objectives, and culture.
More than any other organizational activity, strategic marketing defines and maintains the
desired relationship between the organization and its environment. Strategic marketing
specifies the customer base, develops an understanding of customer needs and behaviors,
accounts for the activities and initiatives of competition, and evaluates the economic,
social and cultural, international, legal and political, and technological environments.
In response to the conditions external to the organization, strategic marketing molds the
organization, determines product and production specifications, pricing, promotional
activity, and distribution, indicates financial requirements, and dictates needed human
skills. Strategic marketing defines the role of the organization.
Fitting the organization to
the needs of the environment has never been more critical. The rate of change in the
environment has accelerated. At no previous time have organizations faced a more
turbulent, confusing, and threatening set of conditions. Impetus for significant change
will come from many sources, including government, international and domestic economic and
market forces, demographic shifts and lifestyle changes, and structural evolution of many
industries. Marketers will have to anticipate and understand the complex interactions of
these changes if they are to develop effective programs to position their organizations in
the most advantageous manner.
A course in marketing
strategy must be directed toward preparing students to enter this complex decision-making
environment. Much of the coursework in the business curriculum is devoted to exposing
students to the concepts, definitions, and models that comprise "best practice"
in the business world, but at a theoretical level. It is the role of a course in marketing
strategy to bring together the tools and processes described in other classes and forge
them into a unified and systematic approach to problem solving and decision making. To
accomplish this task, students are required to develop a comprehensive framework that
enables them to apply independent critical intelligence and to make judgments in a complex
world of different and competing points of view.
The use of cases encourages
students to practice their analytical and decision-making skills and to develop a
practical, comprehensive framework. The case approach provides a practice arena in which
students may integrate and apply their marketing knowledge to gain experience. Students
are called upon to apply their knowledge to many different types of organizations in many
situations, thereby providing them exposure and wisdom beyond their current level of
personal experience. Therefore, this edition of Cases in Strategic Marketing includes case
studies that provide a variety of strategic marketing situations that cover the spectra of
large and small, public and private, product and service, domestic and international
companies. It also includes appendice covering case analysis, financial analysis, and oral
presentations. Following this preface is a table containing the companies featured in the
cases.
THE CASE APPROACH
In order to effectively use
cases, it is essential that both students and instructors understand the nature of case
studies and the teaching objectives of cases. A case typically is an accurate, historical
record of a business situation that actually has been faced by business executives. It is,
to the best abilities of the case researchers and writers, a reflection of the sum of the
information available to the executive(s) who had to make the decision, including the
surrounding facts, opinions, and prejudices on which executive decisions frequently have
to depend.
A case study attempts to
vicariously place students into a managerial position in which they will have to
"size up" the situation and suggest some action for the organization. The action
is typically a plan (set of decisions) that addresses the key issues of the case.
Therefore, the case most often provides some degree or focus for the student, as well as
some discussion of the environment, in order to develop the decision-making situation.
The objective of the case
approach is not for students to develop "right" solutions, or rote knowledge,
that they will be able to apply in a future situation. Rather, the case approach provides
students with a perspective concerning the complexity of the issues that organizations
face, practice in discerning the critical issues, application of theory, an understanding
of the interrelated complexity of business functions, and discussion concerning important
issues faced by modem enterprises. Case studies provide students with an in-depth learning
experience in a given business situation that is difficult to obtain elsewhere.
THE CASEBOOK
This casebook is designed to
be used in upper-level marketing strategy and marketing management courses. Marketing
strategy or marketing management is usually the capstone course in marketing and is
typically required for all marketing majors and minors. The general objective of the
capstone course is to pull together marketing theory and practice into a broad
understanding of marketing and its application. Other courses in marketing provide an
overview of marketing, as in the principles of marketing course, or an in-depth study of
various functional areas, such as sales management, advertising, pricing, channels, and so
on. The marketing strategy or marketing management course asks students to solve problems
and develop comprehensive marketing strategies in situations that are not clearly
predetermined as promotional, segmentation, or channels of distribution. Utilizing a
top-management perspective, students must consider all of an organization's systems and
their interrelationships in developing marketing recommendations.
610 pp