Business Fundamentals for Technopreneurs [ENT 207/ENT605] MARKET PLANNING Desai Sethi Centre for Entrepreneurship
RECAP
Business Fundamentals for Technopreneurs Basic understanding of setting up and managing a business is a pre-requisite for launching a technology based new venture. This course is designed to help students understand the key elements of business in the current environment. Semester 1: 3 0 0 3 1. Business and business environment 2. Organizing a business Professor Anand Kusre and 3. Managing service and Professor Devdip Purkayastha manufacturing operations 4. Developing a team for a new venture Business: A Changing World, 5. Elements of Marketing 7e, Ferrel, Hirt, McGraw-Hill, 6. Basics of Finance 2011. 7. Setting up a technology based MGMT Williams, Tripathy, venture 8. Business, Government and Society Cengage India, 2015 9. Strategy and Leadership BCOM Lehman, Dufrene, 10. Communication in business Sinha, Cengage India, 2012
PROTOTYPE -> PRODUCT -> PROFIT MARKETING FINANCE MANUFACTURING SUPPLY CHAIN PROFIT PR FIT RESEARCH DEVLOPMENT PRODU PR ODUCT CT PROTOTYPE PR TYPE
Recap Session #2 Organizing a Business Types of Companies Shareholders and Stakeholders Management & its Role Organization Structure Planning & Executing Types of Companies Tata Group Companies
Recap Session # 3 Managing Service and Manufacturing Operations What is a Manufacturing Company What is a Service Company Operations Management Supply Chain Management Quality Management Operations Management Trends in Customer at General electric Service
Recap Session # 5 Elements of Marketing What is Marketing What are the ‘ 4 Ps of Marketing ’ What is Branding Selling & Distributing Digital Marketing Importance of Marketing Brand Management at Procter Management & Gamble
Recap # 7 Setting Up a Technology-based Venture What is a MSME What is a ‘Startup’ Who are Founders & Stakeholders What is a ‘Customer Problem’ What is ‘Solution Designing’ Flipkart What is a Startup Story Startup ?
Recap Session # 10 Leadership Importance of Leadership Who is a Leader ? Role of a Leader Leader vs Manager Skills of a Leader Leading a Team Dr. A P J Abdul Kalam Leaders – Made or Born on Leadership
MARKET PLANNING
Today’s Session # 12 Market Planning Key Elements of A Market Plan Target Market & Customer Customer Experience & USP Customer Pricing & Promotion Selling & Distribution Class Exercise Steve Jobs – Customer Experience Market Plan Elements
VIDEO & CLASS DISCUSSION
CLASS DISCUSSION
ELEMENTS OF A MARKETING PLAN
MARKET
http://www.slideshare.net/CMF_VC/case-iidf-team-1-eng
http://www.steamfeed.com/wp-content/uploads/2013/11/market-segmentation.png
https://iot-analytics.com/wp/wp-content/uploads/2014/10/IoT-market-segments-2.png
https://www.linkedin.com/pulse/business-models-internet-things-mohit-agrawal
https://marketing-insider.eu/wp-content/uploads/2015/03/B2B-Market-Characteristics-Comparison-B2B-Market-to-B2C-Market.png
https://iot-analytics.com/wp/wp-content/uploads/2015/03/IoT-application-ranking-v3-min.png
CUSTOMER
Proof of Concept Market
CUSTOMER EXPERIENCE & USP
CUSTOMER EXPERIENCE Customer experience (CX)is the product of an interaction between an organization and a customer over the duration of their relationship. TECHNICAL SOLUTION The purpose of Technical Solution (TS) is to select, design, and implement technology and solutions to meet prescribed requirements.
PRICE & PROMOTION
PROMOTION
SALES & DISTRIBUTION
THE SELLING CONTINUUM RETURNS RETURNS OWNINGTHE ‘NEED’ SETTING THE ‘STANDARDS’ CONSULA CONSULATI TIVE E SE SELL LLING ING SOLUTION SOL UTION SE SELLING ING BENEFI BENEFIT T SE SELLI LLING NG FEATURE S FEA TURE SELLI ELLING NG LIST LIS T SE SELLI LLING NG EFFORT EFFOR
CLASS EXERCISE
CLASS EXERCISE 5 Elements of a Marketing Plan • What is you Market ? • What is your Customer Persona ? • What is your Customer Experience and USP ? • What will be your Pricing & Promotion Strategy ? • What will be Sales & Distribution Strategy ?
GROUP 1 (B2C) : SMART SAFETY
GROUP 2 (B2B): SMART POLE
GROUP 3 : (B2B/C): SMART FLEET
RECAP
Today’s Session # 12 Market Planning Key Elements of A Market Plan Target Market & Customer Customer Experience & USP Customer Pricing & Promotion Selling & Distribution Class Exercise Steve Jobs – Customer Experience Market Plan Elements
PROTOTYPE -> PRODUCT -> PROFIT MARKETING FINANCE MANUFACTURING SUPPLY CHAIN PROFIT PR FIT RESEARCH DEVLOPMENT PRODU PR ODUCT CT PROTOTYPE PR TYPE
Business Fundamentals for Technopreneurs Basic understanding of setting up and managing a business is a pre-requisite for launching a technology based new venture. This course is designed to help students understand the key elements of business in the current environment. Semester 1: 3 0 0 3 1. Business and business environment 2. Organizing a business Professor Anand Kusre and 3. Managing service and Professor Devdip Purkayastha manufacturing operations 4. Developing a team for a new venture Business: A Changing World, 5. Elements of Marketing 7e, Ferrel, Hirt, McGraw-Hill, 6. Basics of Finance 2011. 7. Setting up a technology based MGMT Williams, Tripathy, venture 8. Business, Government and Society Cengage India, 2015 9. Strategy and Leadership BCOM Lehman, Dufrene, 10. Communication in business Sinha, Cengage India, 2012
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