Chapter 9 Case Study 5
Background Global, not-for profit trade association in the building industry Providing information for specialized building materials Company Mission/Goal Mission: To be the industry’s leading source for credible information on the benefits and applications of specialized building materials Goal: To increase primary demand for customized building materials
Background (Continue) Three main avenue of member support 1.Educational and technical or engineering expertise 2.Ongoing liaison with governmental and regulatory agencies 3.Objective analysis of various building materials Funded through: Membership dues Sales of technical publications Government grants
Background (Continue) Membership for supply chain group Manufacturers or producers Distributors and wholesalers End users ―Architects ―General constructors ―Engineers
Distribution of the Company’s Membership by Supply Chain Group 30% 15% 20% 8% 10% 17%
Background (Continue) In existence for 80 years Market share less than 1% Small institution with one large competitor Budget less than 10% Company challenges Creating an image Avoiding channel conflict in the supply chain group
E-Business Marketing Strategies Branding Strategy Stage I Monitor the Environment Stage II Brand Communication Stage III Develop Communication Strategy Stage IV Create an Image Stage V Develop a Visual Image Stage VI Develop Branding Strategies Stage VII Establish Strategic Alliances Stage VIII Develop an Internet Presence
Branding Strategies Step 1: Monitor the environment to identify and develop ongoing, value-laden enhancements Research governmental & Regulatory changes/Quarterly meetings among membership, government Providing a positive experience E-service quality Core ―Efficiency ―Fulfillment ―Reliability ―Privacy Recovery ―Toll-free telephone number
Branding Strategies (Continue) Step 2: Brand communication through long-term-oriented advertising and public relations Targeted communication strategy Public relations Personal selling Through the members’ sales force Long-term advertising Member services and new Web site Specific trade journal publications for the building industry On-staff technical experts publish articles Various building materials information The material decision-making process
Branding Strategies (Continue) Step3: Communication strategies to reach opinion leaders and generate positive word of mouth and mouse Trade shows Target the decision makers and the users
Distribution of Members in the Buying Center
Branding Strategies (Continue) Step 4: Create an image Long-term organizational branding Knowledgeable and credible source Step 5: Develop a visual image The global perspective with a tagline ―“The only source for building materials selection” Step 6: Develop branding strategies for all customer-contact points Different online services for each customer contact group ―Ex: More educational level of information services for intermediaries
Branding Strategies (Continue) Step 7: Establish Strategic Alliances Government and regulatory agencies Positive word of mouth and mouse Trade publications Main competitor Link each other, but information limited due to the membership fee Step 8: Develop an Internet presence Online supplemented in the offline environment CRM—deepening the relationship by providing the most relevant services to its target audiences
Primary Stakeholders Employees Customers/Investors Suppliers Manufactures/Producers Intermediaries End users Government/Regulatory Organization
Value Bubble Launching Web site Value Bubble Stage I Attracting Stage II Engaging Stage III Retaining Stage IV Learning Stage V Relating
Value Bubble (Continue) Attracting (Building Traffic) Public releases Personal selling Online and off-line advertising Online—links on all existing members’ sites Offline—trade journals Attract Technologies PDF files Technical fact sheets and case studies Brochure-ware Publications/Order form Slow delivery No Credit card account
Logo Text Block Photo Navigation Buttons Links
Value Bubble (Continue) Engaging (Building Loyalty) Customized for manufacturers, intermediaries, and end users. Online users receive customized pages based on their group selection Engage Technologies Contact number listings Links to all members ―Broken links
Value Bubble (Continue) Retaining (Strengthening the Relationship) Frequent updates New services Retain Technologies Upcoming Events Page Online client-monitoring for updates and offers of new services
Value Bubble (Continue) Learning (Building the Database) Registration Database Preferences Demographics Company affiliations Learn Technology Paper Application Form
Value Bubble (Continue) Relating (Data-Driven Interactions) Personalize the interaction Previous customer behavior Monitor the frequently asked questions Seminar Relate Technology Telephone Fax
Summary Success is highly unlikely Factors Technological problem Branding Marketing Theme Valuable Exchange Process Creating A Brand
An Example of Company The American Concrete Institution int.org/general/home.asp
Questions?