Growth Strategies and Marketing Innovation
Growth strategy defines how an organization will increase customers, revenue, market presence, and long-term value. Growth must be evaluated according to strategic fit, risk, resource requirements, and profitability.
Learning Objectives
- Apply the product-market growth framework.
- Evaluate organic and partnership-based growth.
- Understand the marketing innovation process.
- Assess growth risks and resource requirements.
Product-Market Growth Options
| Growth Option | Description |
|---|---|
| Market Penetration | Increase sales of existing products in existing markets |
| Market Development | Take existing products to new customer groups or locations |
| Product Development | Create new products for existing customers |
| Diversification | Enter new markets with new products |
Additional Growth Methods
- Strategic alliances and partnerships
- Franchising and licensing
- Mergers and acquisitions
- Platform and ecosystem development
- Subscription and recurring-revenue models
- Cross-selling and customer retention
Innovation Process
- Identify customer problems and market changes.
- Generate and screen ideas.
- Develop the value proposition and business case.
- Create and test a prototype or minimum viable product.
- Measure customer response.
- Refine the offer and operating model.
- Launch and scale.
Growth Evaluation Criteria
Growth opportunities should be evaluated through market potential, customer demand, competitive response, required capabilities, investment, expected margin, implementation time, and strategic risk.
Class Sessions
1- Introduction to Marketing and Customer Value
2- Market Research Fundamentals
3- Introduction to Integrated Marketing Communications (IMC)
4- Digital Marketing Strategy Fundamentals
5- Introduction to Marketing Research
6- International Marketing Fundamentals
7- Introduction to Strategic Marketing Management
8- Marketing Evolution and Core Concepts
9- Consumer Behaviour Analysis
10- Marketing Communication Process
11- Website Strategy, UX and Conversion Optimization
12- Defining the Research Problem and Research Design
13- Global Market Entry Strategies
14- Marketing Environment and Strategic Situation Analysis
15- Customer Needs, Wants and Demands
16- Competitive Analysis and Market Positioning
17- Advertising Strategy and Planning
18- Search Engine Optimization and Search Marketing
19- Secondary Data and Competitive Intelligence
20- International Consumer Behaviour
21- Market Segmentation, Targeting and Positioning Strategy
22- The Marketing Environment
23- Digital Brand Management
24- Media Planning and Buying
25- Social Media Strategy and Community Management
26- Qualitative Research Methods
27- Global Branding and Positioning
28- Competitive Strategy and Value Proposition Design
29- Customer Value and Satisfaction
30- Customer Experience Management
31- Digital Advertising & Social Media Marketing
32- Email, Mobile and Marketing Automation
33- Quantitative Research and Survey Design
34- International Pricing and Distribution
35- Growth Strategies and Marketing Innovation
36- Marketing Process and Strategy
37- Innovation and Product Improvement
38- Content Marketing Strategy
39- E-Commerce Strategy and Online Retail Operations
40- Sampling Design and Fieldwork Management
41- International Marketing Communications
42- Strategic Product, Pricing and Channel Decisions
43- The Marketing Mix (4Ps)
44- Brand Communication Strategy
45- Public Relations & Corporate Communication
46- Digital Customer Journey, CRM and Personalization
47- Consumer Behaviour and the Buyer Decision Process
48- Cross-Cultural Negotiation and Relationship Management
49- Strategic Marketing Communications and Brand Alignment
50- Relationship Marketing and Customer Relationship Management (CRM)
51- Marketing Performance Metrics and Analytics
52- Sales Promotion & Direct Marketing
53- Marketing Technology, Data and Privacy
54- Segmentation, Personas and Customer Insight
55- International Marketing Research
56- Marketing Implementation, Organization and Control
57- Ethics and Social Responsibility in Marketing
58- Future Trends in Marketing and Product Management
59- Measuring Advertising Effectiveness & Marketing Analytics
60- Digital Analytics, Attribution and Performance Optimization
61- Data Analysis, Interpretation and Marketing Dashboards
62- Managing Risks in International Marketing
63- Marketing Performance Measurement and Strategic Evaluation
64- Module 1 Case Study and Practical Review
65- Module 5 Case Study and Practical Assessment
66- Developing an Integrated Marketing Communications (IMC) Campaign Plan
67- Developing a Complete Digital Marketing and E-Commerce Plan
68- Preparing and Presenting a Marketing Research Report
69- Developing a Complete International Marketing Plan
70- Developing a Complete Strategic Marketing Plan
71- Introduction to Marketing Research
72- Marketing Information Systems (MIS)
73- Research Design and Planning
74- Primary Data Collection Methods
75- Secondary Data Sources
76- Consumer Behavior Fundamentals
77- Consumer Decision-Making Process
78- Factors Influencing Consumer Behavior
79- Market Segmentation Through Consumer Insights
80- Module 2 Case Study and Practical Review
81- Introduction to Segmentation, Targeting, and Positioning (STP)
82- Market Segmentation Strategies
83- Evaluating Market Segments
84- Target Market Selection
85- Positioning Strategies
86- Creating a Value Proposition
87- Developing Positioning Maps
88- Competitive Positioning
89- STP Strategy in the Digital Age
90- Module 3 Case Study & Practical Review
91- Introduction to Product Strategy
92- Product Life Cycle
93- New Product Development (NPD)
94- Product Portfolio Management
95- Branding Fundamentals
96- Brand Identity and Brand Image
97- Brand Equity and Brand Loyalty
98- Brand Positioning and Brand Architecture
99- Digital Brand Management
100- Module 4 Case Study & Practical Review