Requirement 4: Marketing Resources
It’s the fall season and Mayberry General has just purchased some new technology which will enable the hospital and the medical staff to benefit greatly from the investment- if others know about the new service! Now your job is to generate promotion and create awareness and preference for the new service.
When you return to your desk from a meeting your voicemail light is blinking. Your CEO, Mr. Otis, has just called. “I want to see a billboard on the highway to Mount P (the nearest metro area) which highlights this minimally invasive procedure! When can you have it up?”
Before you respond, you need some information. So, you open up your laptop and pull up your marketing plan. In order for you to be successful, you need to examine your marketing resources to see what can be dedicated to the promotional campaign.
How much staff time will be needed for the campign support?How many dollars remaining this years budget?Has all the purchased media been scheduled? Are there opportunities to move things around? If you work this campaign in does it mean that others will need to be held, and what would be the ramifications?
All of us have limited resources. It is important that you and your leadership have a good understanding of the impact of changing how those resources are dedicated.
Now you are prepared to respond to Mr. Otis. Before saying yes to his request, he needs to understand what you will need to trade-off to meet this new priority.
The distribution and dedication of your marketing resources can have as significant an impact as the other three requirements – Understanding of the market, Capacity, and Alignment of Key Stakeholders. Next time we will talk about the potential pitfalls if one or more of the requirements are not understood before marketing.
Like this:
Be the first to like this post.