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Lecture notes

Planning and Budgeting

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Marketing Management involves the planning, execution, and oversight of activities that deliver value to customers while achieving organizational objectives. It encompasses analyzing market opportunities, selecting target markets, and developing effective marketing mixes—product, price, place, and promotion. A key focus is on building strong customer relationships and adapting strategies in response to market trends and competitive dynamics. By integrating consumer insights and innovative thinking, marketing management ensures that businesses can effectively position their offerings and sustain long-term growth.

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Lecture 8

Planning and budgeting

Learning objectives:
- Classify marketing costs
- Differentiate income streams over time
- Plan appropriate financing for the campaign

The planning process:




The planning, costing and delivery process:

Part 1: what are we trying to achieve as a strategy?
Part 2: combine the marketing mix ideas into an overall campaign plan
Part 3: what’s the effect?
Part 4: deliver, monitor and improve

What’s the strategic focus?

, Strategic direction:
Ansoff’s product – market growth matrix




Pricing across the product life cycle:




Planning for a dynamic environment:

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