Description
Markets in high technology contexts are highly dynamic in ways more
than just the evolution of the underlying technologies. Business managers
in such situations need to understand the various drivers of such changes
and their manifest impact on the profit potential of current and alternative
strategies.
This course will provide participants with useful frameworks for understanding
the dynamics in their markets. It provides tools for participants to
use in developing a path toward profitability that is synchronous with
changes in the market.
The course is positioned as a foundation for designing market-based
strategy in turbulent environments and is targeted for business unit
managers (i.e. those dealing with singular or few product-markets).
- Structural changes (competitors, customer segments, complementors,
etc.) in the market and identify opportunities for new ways to differentiate.
- Assess markets from the perspective of “fits”: company-market,
company-product, and market-product.
- Market entry-timing, market diffusion rates and estimating the
cost of delay in market entry.
- Product and brand management in turbulent environments
- Pricing management with a view to generate customer and firm
value - focus on building customer relationships with a long term
focus
- Optimal channel management in turbulent environments
- Financial implications of marketing strategy
- Understand the key drivers of market dynamics and principles
for identifying new market opportunities
- Develop skills necessary to evaluate the fit of the marketing
program to firms' business strategy and the changing environment
- Identify key marketing strategy ideas including product management,
pricing, and distribution for today's competitive environments
- The return on investment on a firm's marketing strategy
Participants earn 1.4 continuing education units (CEUs). A certificate
of completion will be presented from Texas Executive Education.