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1
MARKETING PLACES
Session 5: Conceptsaboutaplaceunderthe
perspective ofMarketing Places
2
Session 5
CONCEPTS ABOUTAPLACE
UNDER THEPERSPECTIVEOF
MARKETING PLACES
2
Session 5: Conceptsaboutaplaceunderthe
perspective ofMarketing Places
3
1. Contents of knowledge participants
should acquire:
a/. What aplace means?
b/. Influence of regional economic,
scientific & technological, socio-
political environment on a place.
c/. Characteristics ofa place.
Session 5: Conceptsaboutaplaceunderthe
perspective ofMarketing Places
4
a/. What aplace means?
− Aplace is a modern country, a geographical & political
space in physical terms.
− A region with cultural, historical and national elements.
− A central city and surrounding residential areas.
− A market with identifiable attributes.
− A base for local industry, and an agglomorate of quasi-
industrial trades and their suppliers.
− A psychological feature ofthe relationship among
those people inside theplace and their views of those
outside.
3
Session 5: Conceptsaboutaplaceunderthe
perspective ofMarketing Places
5
b/. Influence of regional economic,
scientific & technological, socio-
political environment on a place.
Changes in regional economic environment,
progress of science & technology, and
socio-political changes will all cause the
local feature undertheperspectiveof
Marketing Places to be affected, thus
subject to change:
- Infrastructure,
- Energy,
- Information,
- Economic, financial, and political crisis…
Session 5: Conceptsaboutaplaceunderthe
perspective ofMarketing Places
6
c/. Characteristics ofa place
A place in terms of administrative geography
may have several forms with models different
in characters, depending on the nature ofa
particular market:
- Tourism,
- Industry,
- Commerce and services,
- Residence,
- Culture and education,
- Labor,
- Religion,
-etc.
4
Session 6: Priinciples of Marketing
7
Session 6
Principles of Marketing
Session 6: Priinciples of Marketing
8
1. What MarketingPlaces means?
2. The difference between marketingplaces
and marketing products
3. Overview of tools for marketing places.
4. Six major issues determining the success
of marketing places.
5
Session 6: Priinciples of Marketing
9
1. 1. What MarketingPlaces means?
! An integrated synchronous plan to
introduce aplace with its outstanding
features, existing advantages and
prospects for long-term development
in order to attract investors, business
people, tourists, and residents to the
place with an aim to finding
business/investment opportunities or
satisfying their consumption needs,
thus promoting socio-economic
development for the place.
Session 6: Priinciples of Marketing
10
" Therefore:
# Customers’ benefits are of utmost
importance.
# Creating benefits for theplace on the
basis of custormers’ benefits.
# MarketingPlaces should be the task of:
-The local government.
-Local businesses.
-Local residents.
6
Session 6: Priinciples of Marketing
11
2. 2. The difference between marketingplaces
and marketing products
$ Aplace is a region with geographical
characteristics, i.e. fixed and single unmovable
location, thus marketing should only be
through:
- Promoting its image by mass media, communication,
verbal contacts of people, and products ofthe place.
- Organizing local activities to attract customers to the
place.
- Historical events, special people, and hot events
recently, now or in future.
Session 6: Priinciples of Marketing
12
$ Select a target market on the basis of:
- Possibility of highest competitiveness to offer
greatest benefits to customers.
- Receiving a certain number of customers to the
place to the extent that may change the place’s
advantage in a different direction.
- The target market will change according to
development trends ofthe place.
- The target market may be diversified with
multiple targets, but should be integrated without
contradicting one another.
- Each target or market segment should be
appropriate with the capacity and current situation
of the place.
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Session 6: Priinciples of Marketing
13
3. 3. Overview of tools for Marketing
Places.
! Four kinds of markets for marketing
places:
- Tourists.
- Investments in production, business and
services.
- Residents and workers.
-Exports markets.
Session 6: Priinciples of Marketing
14
! How place marketers market their place?
- Promoting the image.
- Promoting scenic spots.
- Promoting infrastructure.
- Promoting the people.
8
Session 6: Priinciples of Marketing
15
4. Six major issues determining the success
of marketing places.
# Brand name.
# Responsibility and understanding the role of
marketing places.
# Integration with information technology.
# Able to use all means of communication to
implement marketing plans.
# Able to combine all capabilities, industries,
and localities so as to diversify and mutually
support and supplement.
# There should be training for the labor force,
the talented and attention to the quality of
local demography.
Session 7: Evaluate overall situation,
development trend ofthe region
16
Session 7
ASSESS GENERAL CONDITIONS,
DEVELOPMENT TRENDS OFTHE
REGION, AND STRENGTHS AND
WEAKNESSES OFTHE PLACE
9
Session 7: Evaluate overall situation,
development trend ofthe region
17
1. Contents of knowledge participants should
acquire:
a/. Examine changes in the surrounding
environment which may influence your place
in the future (in 5-10 years, or in 20 years).
b/. Identify theplace (strengths, weaknesses).
c/. Map out current socio-economic situation
of your place, and find out driving forces and
obstructing forces leading to such a situation,
considering the following elements:
Session 7: Evaluate overall situation,
development trend ofthe region
18
a/ Examine changes in the surrounding
environment which may influence your place
in the future (in 5-10 years, or in 20 years).
! With respect to political environment, and
policies related to economic activities.
! With respect to products.
! With respect to residents, and consumption
behavior.
! Emergence of new products.
! Considering opportunities, arising from
events in the surrounding environment
(positive and negative).
10
Session 7: Evaluate overall situation,
development trend ofthe region
19
b/. Identify theplace (strengths,
weaknesses):
- Location, distance to developed centers;
- Socio-economic infrastructure (health care,
education, …);
- Residents, labor, income per capita;
- Social security;
- Economic and technical establishments
(agriculture, industry, commerce, and
services);
- Local specialty products;
- Unique features (religion, custom, practice);
- History and culture ofthe place;
- Expenditures, living standards, consumption
habits
Session 7: Evaluate overall situation,
development trend ofthe region
20
c/. Map out current socio-economic situation
of your place, and find out driving forces
and obstructing forces leading to such a
situation, considering the following
elements :
-Historical
- Geographical
- General current policies (nationwide)
- The place’s own efforts
- Compare with other places as potential
competitors.
[...]... ofPlaces 49 A What main challenges theplaces are facing? 1 2 3 4 Places are threatened more and more by the increasing pace of changes in the economic, political and technological environment wolrdwide Places are increasingly threatened by urbanization process and the inevitable deterioration Places are facing an increasing nunber of competitors with the same effort to attract scare resources Places. .. (structure) analysis Establish a position in the industry Create an advantage Act early to take advantage of structural changes Sustain the advantage Global competition Competitive advantage of companies in global industries 1 $ $ $ 57 Competitive strategy Trades and industries are the major arena in the competitive strategy between country and country; place and place Companies are specific warriors Each... development ofaplace 36 18 a Determinants ofthe image ofaplace - Perseptions and impressions people have on aplace It may be a historic, scenic spot, or architectural structure, etc A traditional trade or a superior advanced one Historic events, famous people An impressive product, slogan, or development plan under implementation The image ofaplace may change underthe impacts of internal and external... product costs Session 9: Strategy to improve theplace 34 17 Session 10 PROMOTE DEVELOPMENT OFAPLACE Session 10: Promote development ofaplace 35 Main subjects: a b c d e Determinants ofthe image ofaplace How to measure the image What elements can guide the designing ofthe image for aplace Ways to communicate the image How to correct a negative image ofaplace (natural disasters, poverty, poor security,... Competitive advantage of companies in global industries 62 31 6 Sustain the advantage " " " The source of the advantage is the first factor, first condition for the capability to sustain the advantage (high tech, production scale, cheap labor costs, cheap raw materials, etc.) Have various sources of advantage Constantly innovate in order to create new sources of advantage, difficult for others to copy... into the world market Session 13: Implementing MarketingPlaces 47 Session 14 SUSTAIN THE GROWTH OFPLACES Session 14: Sustain the Growth ofPlaces 48 24 Main Subjects: What main challenges theplaces are facing? How should places respond to such challenges? Bridging places strategy with companies’ strategy Nourishing companies’ growth Often mistakes in strategy A B C D E Session 14: Sustain the Growth... 9: Strategy to improve theplace 29 a Characteristics ofa place: A - place should have plans, comprehensively developed and designed, to enhance the attractiveness and to improve further quality and aesthetic values: Urban architecture Upgrade basic infrastructure to be compatible with natural environment Session 9: Strategy to improve theplace 30 15 b Stable environment ofaplace - Protect the environment,... STRATEGY TO IMPROVE THEPLACE Session 9: Strategy to improve theplace 28 14 Strategy to improve aplace should focus on the followings: a b c d e Characteristics ofaplace Stable environment ofaplace Service provision ofaplace should meet the basic needs of residents, tourists, and investors, Attractive features ofaplace Simple administrative procedures, and living costs and business costs adding... 22 2 Attract residents $ $ $ Why attracting residents is important in marketingplacesThe issue of attracting, competing for the talented in the world today Methods to attract residents (quality of life in the place, taxation policies, education, etc.) Session 13: Implementing MarketingPlaces 45 3 Attract tourists " " " " How important is tourism to the economy? The first object ofmarketing places. ..Session 8 STRATEGIC PLANNING FOR MARKETINGPLACES Session 8: Planning strategy for marketingplaces " Main subjects: # 21 Vision and objectives oftheplace # # Customers the critical element determining all development objectives ofthe plae Competition among places Session 8: Planning strategy for marketingplaces 22 11 " Vision and objectives ofthe place: - Immediate objectives - Long-term . Characteristics of a place.
Session 5: Concepts about a place under the
perspective of Marketing Places
4
a/ . What a place means?
− A place is a modern country, a geographical. 1
MARKETING PLACES
Session 5: Concepts about a place under the
perspective of Marketing Places
2
Session 5
CONCEPTS ABOUT A PLACE
UNDER THE PERSPECTIVE