Marketing Audits
A marketing audit is a comprehensive,
systematic, and independent examination of the
effectiveness and efficiency of an
organization’s marketing activities. In the same
way that an accounting audit examines an
organization’s income and balance sheets for
organizational performance shortfalls and
opportunities, a marketing audit examines all of
the marketing activities in the marketing
environment in an effort to identify performance
shortfalls and opportunities. In the same way
that an accounting audit must be performed on a
periodic basis, marketing audits must be
performed on a periodic basis; preferably by an
independent, non-biased marketing auditor that
is not employed by the company.
Nexus Group professionals will conduct an
unbiased comprehensive examination of your
company’s marketing activities. Performance
shortfalls of existing marketing activities will
be identified and recommendations for
improvement will be offered. Potential marketing
opportunities will also be identified and
recommendations will be offered.
Strategic Marketing Planning
It is often said that leadership can be defined
as “doing the right thing” and that management
can be defined as “doing things right”. If that
is the case, strategy is the leadership
component of the organization because it has to
do with “doing the right thing”. Strategy is a
function of how you deploy your organization’s
time and money. Strategic marketing involves a
commitment of resources to a particular course
of action; once resources have been committed,
it is very difficult to change direction without
incurring some kind of penalty; and so a
company's strategic decisions must be well
thought out.
Strategic marketing decisions such as:
- How are we going to grow this company’s top-line
and bottom-line?
- What environmental events will present our
company with new market and/or product
opportunities?
- What environmental events threaten our existing
markets and/or products? How should we deploy
resources in an
effort to either take advantage of a new market
or product opportunity?
- How should we deploy resources in an effort to
alleviate/eliminate a threat to existing markets
and/or products?
- Should we try to gain market-share by
penetrating our existing markets?
- How are we going to increase our customer base?
- How are we going to increase our customers
average purchase (add more value to their life)?
- How are we going to increase purchase frequency?
- Should we market our present products to new
markets?
- Which new markets should we target with our
present products?
- Are there segments of the market we could
target?
- Should we develop new products for our present
markets?
- Which new products should we develop?
- Should we develop new products for new market(s)?
- Which new products should we develop?
- Which new markets should we target with the new
product(s)?
- How should we position our product in the
marketplace?
- What personality should we give the brand?
An organization’s marketing objectives flow from
the above strategic marketing decisions.
Nexus Group professionals use a combination
of analytical tools and seasoned business
experience to help your organization make
strategic marketing decisions. After making
strategic marketing decisions that guide your
organization toward “doing the right things”,
you can then turn your attention to “doing those
things right”; to begin writing a blue print for
success. Such a blue print is called a marketing
plan.
Marketing Plan Development
After the strategic marketing questions have
been answered, a plan of action needs to be
developed and resources need to be deployed. The
plan of action is called a marketing strategy; a
marketing strategy in written form is called a
marketing plan. The marketing plan is the
blueprint for achieving the marketing objectives
that flow from the strategic marketing
decisions.
The marketing strategy begins with number one, a
clearly defined target market; and number two, a
clearly defined sustainable competitive
“position” that a company would like to own in
the consumers mind (both determined in the
strategic marketing planning process). The
positioning statement is the brand identity, or
what the company wants to stand for; in the
customers mind.
The brand promise, sometimes called the value
proposition, is derived from the brand identity.
The brand promise is a written statement and it
very clearly communicates the value that a
company “promises” to deliver; value that is
relevant to the customer’s life, and value that
is distinctively different from value that is
offered by competitors.
With a clear understanding of the target market
and the “position” (brand identity) that a
company would like to own in the consumers mind,
marketing professionals begin to create the
“position” through the careful design of the
product, price, place (distribution) and
promotion. All of these design activities must
be integrated in a manner that clearly
communicates a company’s brand identity to both
internal and external audiences.
Nexus Group professionals are prepared to
help guide your marketing strategy design
efforts; design efforts that will clearly
"position" your company in the consumers mind.
Moreover, we are fully prepared to write a
marketing plan that clearly details your
marketing strategy.
Brand Development, Management, and Protection
David Aaker states that "A company's brand is
the primary source of its competitive advantage
and a valuable strategic asset. Yet, too often,
the brand message to customers is weak,
confused, irrelevant, or, worst of all,
indistinguishable from competitor offerings. The
challenge for all brands is that they have a
distinct, clear image that matters to customers
and truly differentiates them from the rest."
Differentiate or Die!!!!! A company that does
not differentiate its relevant product offering
from the competition is relegated to the hard
and dirty existence of the low price game; a
game based on low margins and scale economies.
Branding is a strategic process designed to
differentiate a product or service on relevant
functional attributes of the product/service, or
on the emotional needs and desires of the
consumer. As a result of a strengthened brand,
your company strengthens the connection it has
to present and future customers; a strong brand
allows a company to strengthen:
- customer loyalty
- pricing power (greater margins)
- licensing opportunities
- brand extension opportunities
- trade cooperation and support
- its defense against competitive marketing
actions
- consumer’s ability to make faster and less risky
product choices.
Nexus Group professionals have developed,
managed, and protected the brands of companies
large and small. We can help guide you in the
development and management of a strong brand; a
brand that will strenghten your connection to
the marketplace.
Advertising Plans
After the marketing strategy is designed and the
marketing plan is written, it is time to develop
communication objectives; a company's
communication objectives flow from the company's
brand identity. It is now advertising's job to
creatively convert the communication objectives
into a message that resonates with the target
market; a message that strengthens the company's
connection to the marketplace, a message that
strengthens brand equity.
The message development strategy is framed
within the creative alignment of the "copy",
"art", and "production" elements of the message.
The words (copy) a company uses in a message,
need to be aligned with what the customer sees
(art) in the message; and the copy and art need
to be produced in a manner that is aligned with
the overall message; in a manner that
strengthens the message. If any one of the copy,
art, or production elements is not aligned, the
message will be weak and not credible; the
message will erode your brand equity. Every time
a current or potential customer interfaces with
a company's delivered message, there is an
opportunity to either strengthen or weaken the
brand.
Once the message has been creatively developed,
it now has to be communicated to current and
potential customers. As a result of an
increasingly fragmented “media space”,
delivering a company’s message to current or
potential customers is becoming progressively
more challenging. It is advertising’s job to
communicate the brand message through the
appropriate communication vehicle; a vehicle
that will be seen, heard, or read by the target
market. Integrating the brand message through
all of a company’s communication vehicles is
critical to strengthening the brand.
Here are a
few communication vehicles that companies use to
communicate a message to their target market:
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Media advertising
- television
- radio
- newspaper
- magazines
- directories
- email
- internet ads
- web sites advertising
Direct response advertising
- direct mail
- telemarketing
- broadcast media
- print media
- internet related
- TV shopping
Event marketing
- charity
- community
- company
- sponsorships
In-store communication
- brand strengthening alignment
- product-line—pricing—personnel
- atmospherics
- point-of-purchase displays
- shopping cart ads
- in-store radio or TV
- shelf talkers
- in-store demonstrations
- bathroom ads
- product position in-store
- newsletters
- contests, games, sweepstakes
- seminars
- brochures
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Place advertising
- kiosks
- Billboards
- movie theaters
- airport & airline
- bus terminal, bus stops, buses
- train terminal & trains
- delivery trucks
- flight banners
- product placement in movies
- sporting events
- fairs and festivals
Sales Promotion (consumer/trade)
- coupons
- rebates
- trade deals
- buying allowances
- premiums & gifts
- push money
- contests & dealer incentives
- cooperative advertising
- bonus packs
- price-offs
- samples
- specialty advertising
- package inserts
- package outer
Public Relations
- PR releases
- speeches
- annual reports
- reprints of ads & accomplishments
Personnel (that interface with customers)
- customer service personnel
- receptionist
- secretary
- maintenance
- janitorial
- order-takers
- support personnel
- sales personnel
- delivery personnel
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Delivering an effective message to a target
market is becoming increasingly more
challenging; particularly in a "media scape"
that is fragmenting at a rapid rate. Nexus
advertising professionals are prepared to
develop an effective message that breaks through
the clutter and delivers your company's message
to the people that have raised their hands, the
people that have a need for your product, your
target market.
Public Relations Programs
Public Relations is an excellent tool that
organizations can use to carry their message.
Package Design
Package design applies to the packaging of
either a good or a service. When designing a
package for a good, the designer must consider
both the protection capability of the package
and the selling capability of the package. A
package for a good must be designed with just
the right amount of product protection built in;
too much or too little protection is very costly
to an organization.
The package design must also have the ability to
“sell” itself”. Packaging is the brand’s key
communication tool and there is a growing need
for marketers to create innovative, breakthrough
packaging. A package’s appearance can drive
brand recognition and strengthen its image.
Compared to the often large expense of
advertising, a relatively lower investment in
packaging can drive significant growth in
revenue and profit. The redesign of the Heath
candy bar wrapper boosted sales by 25 percent
and Rice-A-Roni’s sales jumped by 20 percent
within a year of the packaging change.
The package should clearly communicate the brand
identity, it should convey descriptive
information in a very persuasive manner, it
should facilitate a safe journey through the
supply chain, and it should aid home storage and
product usage.
The design of packaging for a service
organization revolves around creating an
ambiance that conforms to the brand personality.
The incorrect packaging of a service can lead to
the erosion of the brand. The ambiance of a
service organization such as a restaurant or
dentists office should clearly “fit” with the
brand personality developed by marketing
professionals.
Nexus package designers have worked with fortune
500 companies in designing high performance
packages that provide the appropriate level of
protection and the optimal level of selling
ability; protection and selling ability at both
the trade-level and the consumer-level.
Graphic
Design
One of the strongest associations consumers have
with the brand relates to the visual equity of
the corporate image and the branded products.
Visual design is the process and art of
combining graphics and text to communicate the
brand identity across all forms of internal and
external company communication. For example
logos, business cards, letter head, envelopes,
graphics, brochures, newsletters, posters,
signs, and any other type of visual
communication. The words and graphics in your
message have to be congruent; in other words,
the words in your message have to mesh with the
graphics and they both have to communicate the
brand identity that the company is trying to
project to the target market. The visual design
of a message can drive brand recognition and
build its image. For instance, colors cue image
associations, which can differ across markets.
While in Japan and Korea, the color purple
connotes ‘premiumness’, it has strong
associations with inexpensive brands in the US.
Nexus graphic designers use a proprietary
process that insurers that your company’s brand
identity is integrated throughout all of your
marketing communications vehicles. All of your
company’s marketing communications will speak
with one focused voice, while congruently
combining text and graphics. This process
insures that your brand identity gets integrated
and communicated at every customer touch point;
and across every communication vehicle that your
firm uses to communicate its brand promise.
Product Development
In most organizations, approximately 80 percent
of the cost of a product is committed during the
development stage of a product’s lifecycle.
Company revenue and growth is highly dependent
on product innovation. Equally important is
attaining cost targets and hitting product
launch dates to take advantage of market
opportunities. Without effective innovation and
product development, product parity will exist.
Product parity erodes the brand and pricing
which adversely affects the top-line and
bottom-line of your company.
The pace and quantity of new product
introductions are creating new challenges
companies of all sizes, across multiple
industries.
Typical issues that exist in the
product development process include:
- Identifying and incorporating ideas that have
high market potential
- Determining and prioritizing both accurate and
complete customer requirements
- Pulling together organizations and getting them
to work together in a highly productive manner
eg., marketing, engineering, procurement,
quality, production and finance. Often times
these organizations are in different geographic
locations.
- Making intelligent trade-offs between cost,
quality and functionality
- Inability to leverage and reuse previous designs
and knowledge
- Managing changes and revisions
- Selecting suppliers and developing productive
supply relationships
- Scaling manufacturing, distribution and
suppliers to provide continuous flow of material
- Inability to track and manage program
investments and meeting target costs
- Mapping designs and tests to customer
requirements
- Ensuring enough work is performed and decisions
are made prior to proceeding with costly
downstream activities (stage gate management)
- Meeting product launch schedules
Specific business processes and functions that
we cover in our scope of services include:
- Project management
- Resource planning
- Scheduling
- Budgeting
- Reporting and control
- Stage gate control
- Need identification
- Defining, analyzing and prioritizing customer
requirements
- Ideation and Concept development
- Conceptual design
- Functional analysis
- Specification development
- Value analysis
- Target costing
- Process development
- Make vs. buy analysis
- RFI, RFP, RFQ
- Product Design and Development
- Detail design
- Design review
- Design approval
- Process development
- Supplier selection and negotiation
- Logistics and supply chain design
- Prototype and Testing
- Product test and certification
- Process test and certification
- Supplier selection and certification
- Product Launch and Scale to Demand
- Capacity planning and management
- Material planning and management
- Hiring and training
- Information systems
- Plant, tooling and infrastructure design and
implementation
Nexus deeply skilled product development
professionals are able to review and develop
capabilities to design and launch products to
maximize revenue and minimize cost. Specific
business drivers that we impact include:
revenue, target product costs, launch schedules,
product quality, process capability, supplier
capability, and after market sales and service.
Supply Chain Management
Leading companies understand that financial
returns and competitive advantage is highly
dependent on the effectiveness of their supply
chains. An overwhelming majority of businesses
recognize that supply chains are critical to
their success. If you look at industry leaders
(Dell, Wal-Mart, Toyota, P&G, PepsiCo), they all
have highly efficient and connected supply
chains compared to the laggards (IBM, K-Mart,
GM, Kimberly Clark, Sara Lee). In fact, IBM was
forced to sell its PC business to the Chinese
because they could not compete with the lean
supply chains of Dell and HP. K-Mart entered
Chapter 11 and repeatedly disappointed investors
due to underperforming supply chain operations
when compared to Wal-Mart. GM loses market share
at a rate of approximately 1% per year while
Toyota is poised to overtake GM as the world’s
largest car manufacture in the next year or two.
Supply chain management is a core business
strategy for each industry leader.
Your company can also perform like the Dell’s,
Toyota’s and Wal-Mart’s of the world. There is
no secret sauce for the leaders. They simply
focus on a few key fundamentals, namely:
- Design supply chains into their business
strategies
- Keep customer satisfaction and differentiation
at the forefront of supply chain operations
- Relentless focus on reducing lead time and
improving flexibility (order processing,
manufacturing, distribution, transportation,
warehouse operations and logistics) by using
process integration, lean manufacturing
techniques, postponement, information
technology, best practices, performance measures
and supplier programs
- Integrate processes, organizations and
information across the supply chain network to
eliminate disconnects
Outsource selective business and supply chain
processes to obtain improved service levels and
minimize invested capital
- Develop suppliers and hold them accountable for
cost, quality and delivery performance
- Create a culture that embraces change,
innovation, best practices, and continuous
improvement
- Execute flawlessly
World class supply chains become productized and
are emulated. The “Dell Model” and “Toyota
Production System” have become the gold standard
for lean supply chains. Many small companies
have adopted and utilize these same techniques.
The techniques are not sophisticated or costly
to implement. The successful small companies
have simply not publicized the results and do
not receive the same accolades as Toyota, Dell
and Wal-Mart. Therefore, with the right
leadership, knowledge and focus, any size
company can develop differentiated supply chain
capabilities.
Nexus deeply experienced supply chain
professionals can assist your company develop a
leading supply chain to dramatically improve
business performance. We specialize in
reviewing, developing and implementing
capabilities in the following areas:
- Supply chain review to determine and prioritize
high-payback areas of opportunity
- Supply chain strategy and process design
- Linkage with customers
- Supply chain planning (sales, inventory, and
operations forecasts and plans)
- Inbound and outbound transportation
- Order fulfillment
- Lean manufacturing
- Plant start-up
- Warehouse/Distribution center location and
operations
- Inventory management
- Procurement and sourcing
- Supplier development programs
- Supply chain performance measures
- After sale service and spare parts
- Reverse logistics (warranty and returns)
- Make versus buy and insource versus outsource
decisions
- Six sigma
The benefits of implementing supply chain
capabilities can be significant. We have
experience delivering substantial value. Typical
results include:
- Revenue enhancement of 10 to 20 percent
- Cost reduction of 10 to 25 percent
- Lead time reduction of 75 to 90 percent
- Quality improvement of 50 to 75 percent
- Order fill rate improvement of 70 to 90 percent
- Reduction of inventory by 50 to 75 percent
Sales Force Development
“Value is ultimately created or destroyed at the
boundary between the company and its customers.
Whether you call the personnel who manage this
boundary “salespeople”, agents, or associates,
their customer contact activities are
fundamental to business success.” (Author
unknown)
The hiring, training, and retaining of a high
quality, highly motivated sales force can
provide a company with a distinctive and highly
sustainable competitive advantage. The
development of a high performance sales force
begins with the quality targeting, recruiting,
and hiring of highly competent individuals that
conform and will be true to a company’s brand
promise. Training the quality new hires to
properly prospect, qualify, present, and close
is the next stage of developing a high
performance sales force. Once you have “hired”
quality individuals and you have then “trained”
them to perform at optimal levels, it is
critical that your organization “retains” such a
high performance sales force.
Nexus sales managers have VP sales force
management experience with fortune 1000
companies. Our professionals will assist you in
the development and management of a high quality
sales force; from the design of sale force
territories, to the development of high
performance hiring, training, and retention
systems.
Trade Show Development
Consumer/trade shows can play a very significant
role in an organization’s integrated marketing
program. Shows provide companies with an
opportunity to showcase their product offering
in front of current and potential new customers.
For a show to be successful, an innovative,
integrated show strategy needs to be developed
and executed. The show plan needs to reflect and
strengthen a company’s brand identity. Show
strategy planning revolves around the following
three areas:
Pre-show plan
- Developing show objectives
- Developing a show budget
- Clarifying the target market
- Developing the show “theme”, or message
- Developing an irresistible, compelling “offer”
- Developing an integrated communication plan
- Developing a public relations plan
Show Plan
- Develop a booth design that “fits” with theme
and message
- Select and train the appropriate show staff
- Develop a high impact sales presentation
- Develop a high impact lead generation system
- Develop a competitive assessment plan
Post-show plan
- Develop a show debriefing plan
- Develop a post-show communication plan
- Develop a lead follow-up plan
- Quantify show results (Return on Marketing
Investment ROMI)
Nexus Group’s professional team of show
planners will assist you in the development and
execution of a highly effective and efficient
show plan; a plan that significantly improves
your show’s “return on marketing investment”.
Our show planners have show development
experience with fortune 500 companies; they are
the best in the business.
Direct Mail Programs
A well designed direct mail/email program can be
powerful in its ability to target current and
potential customers with a compelling offer that
either generates an immediate customer buy
response, or at least opens the door for a
future buy. Used in conjunction with other
communication vehicles such as advertising,
sales, and public relations, direct mail/email
can strengthen an organization’s marketing
program. More importantly, the effectiveness of
a direct mail/email campaign can be tracked and
monitored. By testing alternative lists, offers,
packages, or other elements, you can make
incremental improvements in the customer
response rate. An effective direct mail/email
marketing piece can range from a simple post
card to an elaborate package containing product
samples or other promotional materials; however
sophisticated, a highly-effective direct
mail/email program begins with:
- Setting specific, clearly defined objectives
for a highly effective direct
mail program
- Clearly identifying the target audience
- Acquiring “clean” mailing lists
- Aligning direct mail strategy with brand
identity
- Developing a highly relevant, differentiated,
and compelling message
- Creating a powerfully stimulating package
- Developing a tracking and testing system
- Integrating the direct mail/email program with
current and
potential communication vehicles
Nexus direct mail/email professionals approach
every campaign from a results-oriented
perspective. Our professionals are prepared to
listen to your needs and then develop an
effective direct mail/email program that
achieves your company’s marketing objectives.
E-Commerce Marketing
A company’s website can be used solely as an
online web store, and/or it can be used as an
information hub for current and potential
customers. Fortune 500 companies are now using
their websites as the central driver behind a
powerfully integrated marketing program. Many
questions need to be addressed before a company
begins the design of an effective website;
questions such as:
- Do you have a specific, clearly defined set of
objectives for your website?
- Do you understand the target audience that
will be viewing your website?
- Will you use font styles, colors, and designs
that reinforce your brand identity?
- Will your website be scalable, can you add-on
as your website grows?
- Will your website be maintained internally, or
will an agency be required?
- Will your website work with dominant web
browsers?
- What are the up-front and on-going costs of a
powerful website?
- What level of security do you need to protect
your company and customers?
- Will customers be able to easily navigate
through your website?
- Will you have an on-line merchandising
strategy that drives revenue?
- Will your website be search friendly?
- Will you use strategic alliances to market
your website?
- Will you be able to successfully drive current
and/or potential customers to your website?
- Will your website have optimal search engine
positions?
Nexus Group E-commerce professionals will
guide you through these questions and design a
powerfully effective website for your company.
More importantly, we will integrate your website
with your current media communication vehicles;
such an interface will strengthen your company’s
message and drive traffic to your website
International Marketing
Global markets offer your organization an
opportunity to grow its business exponentially.
Marketing Research
Marketing Research is the systematic and
objective process of generating information to
aid marketing managers make value-adding
marketing decisions. Marketing research covers a
wide range of phenomena that takes place in the
marketing environment. Information gained from
the marketing environment is used to identify
and define threats, opportunities, strengths,
and weaknesses as they relate to growing an
organization’s top-line and bottom-line. Most
marketing research revolves around questions
that relate to the 4C’s; the company, the
customer, the competitor, the collaborators
(Suppliers and Distributors); and the 4P’s:
product, price, place, and promotion.
Depending on the type of information that an
organization needs to generate, Nexus Group
professionals may use a variety of research
techniques such as focus group interviews,
online surveys, mail surveys, phone surveys, and
personal interviews.
Nexus Group research professionals will
assist your organization in; the process of
determining what marketing information is
required; designing the method for collecting
information; managing and implementing the
collection of data; analyzing the results; and
communicating the findings and their
implications.
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