The document discusses controlling and monitoring of marketing performance. It defines controlling, lists the importance of marketing control, and discusses types of marketing control including annual plan control, profitability control, and strategic control. Tools for each type are also mentioned.
The document discusses controlling and monitoring of marketing performance. It defines controlling, lists the importance of marketing control, and discusses types of marketing control including annual plan control, profitability control, and strategic control. Tools for each type are also mentioned.
The document discusses controlling and monitoring of marketing performance. It defines controlling, lists the importance of marketing control, and discusses types of marketing control including annual plan control, profitability control, and strategic control. Tools for each type are also mentioned.
The document discusses controlling and monitoring of marketing performance. It defines controlling, lists the importance of marketing control, and discusses types of marketing control including annual plan control, profitability control, and strategic control. Tools for each type are also mentioned.
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Healthcare marketing Course
Controlling and Monitoring
of Marketing Performance Supervised By: Prof. Dr. Sahar Hassan Prepared by: Mona Hussein Marwa Elhussein 2nd Semester / 2023-2024 Nursing Administration Department Faculty of Nursing Cairo University Objectives At the end of this presentation, each student will be able to: Define controlling List the importance of Marketing Control Discuss the types of marketing control Mention tools used in each marketing control type Explain the marketing control process Recognize the Barriers of monitoring the marketing performance Outlines Introduction Definition of Controlling Importance of Marketing Control Marketing control types tools used in each marketing control type Marketing control process Barriers of monitoring the marketing performance Introduction Marketing control is a vital component in achieving health organization success and serves as a mechanism to monitor and evaluate various aspects of marketing, such as advertising, promotion, and product management.
It enables health facilities to evaluate the performance of
their marketing efforts and thus make informed decisions based on data-driven insights.
By implementing robust marketing monitoring mechanisms,
health facilities can identify opportunities for improvement, improve resource allocation, and increase return on investment Marketing Control
Marketing control refers to the process of
monitoring and evaluating marketing activities to ensure they align with the overall marketing objectives and strategies of health organization.
The effectiveness and efficiency of marketing efforts
are measured using marketing control. Importance of Marketing Control 1. It helps in identifying any deviations from the planned marketing activities, and taking corrective actions when necessary.
2. It gives the ability to provide feedback and insights that
enable marketers to make informed decisions, improve their marketing campaigns, and achieve desired results.
3. It helps health organizations track their marketing
performance, allocate resources effectively, and adapt their strategies in response to changing market conditions. Core Objectives of Marketing Control
The objectives of marketing control are to ensure
the effectiveness and efficiency of marketing strategies, allowing health organization to optimize their resources and achieve their goals.
of various marketing activities to determine if they are achieving the desired outcomes.
By measuring key marketing metrics such as
sales, customer engagement, and brand awareness, health organization can assess the impact of their marketing strategies. Maintaining Consistency In Brand Messaging By monitoring all communication channels such as social media, websites, advertisements, and packaging health organization can ensure that their messaging aligns with their brand values and resonates with their target customers.
For instance, health organization may use
consistent visual elements like logos and color schemes across all platforms to create a cohesive brand identity. Aligning Marketing Activities With Customer Need By continuously monitoring customer feedback and conducting surveys or focus groups, health organization can adapt their marketing efforts accordingly.
For example, if customers express
dissatisfaction with a product feature or pricing structure, marketers can make adjustments to meet those needs. Annual Plan Control The plans which are determined for one year for the control of operational activities through the successful implementation of management by objectives is termed as annual plan control.
There are five vital tools used under the
annual plan control mechanism: Sales Analysis
The manager determines whether the sales
target of health organization have been achieved or not.
The actual sales are compared with the
desired sales and deviation is computed. Market Share Analysis To evaluate the competitiveness, the management needs to find out the market share acquired by health organization.
However, it is quite challenging to determine
the market share of other health organizations which constitute of unorganized firms, due to lack of sufficient data. Marketing Expense to Sales Analysis Sometimes the firms spend much on the marketing of products, which diminishes their profit margin or increases the product price.
Therefore, a marketing expense to sales ratio
is calculated to know the percentage of sales value paid off as a marketing expense. Financial Analysis The management needs to handle its finances well. It should examine the reasons and factors which influence the rate of return and financial leverage and return on assets in the organization through financial analysis tools.
It also helps to enhance the financial leverage
position of health organization. Customer Attitude Tracking Consumer satisfaction has been considered as an essential parameter to analyze the organization’s performance. It is a qualitative analysis tool which can be of the following three types: 1. Customer Surveys: health organization get the questionnaires filled by customers for finding out the level of consumer satisfaction. 2. Customer Panels: The organizations form consumer panels where the customers are hired to review the products, advertisements and other marketing activities. 3. Feedback and Suggestion Systems: Market performance of the products can be analyzed with the help of genuine feedback from the customers, and the same can be improved through their suggestions and input. Profitability Control Maximizing the profit margin has become a difficult task in today’s highly competitive market. This has enforced pressure on the marketing team of health organizations too.
They now need to frame strategies for profit
assessment and control in the different product line, trade channels of health organization. The first step is to understand the functional expenses, i.e., selling, distribution, administrative and advertising expenses incurred while carrying out the marketing function.
The second step is to segregate the non-marketing
expenses from the marketing overheads and then to associate these pure marketing expenses to the marketing entities (like apportioning the building rent into marketing function).
Lastly, to compile everything systematically and to
ascertain the profit or loss incurred on carrying out the particular marketing activity, an individual profit and loss account is prepared for each operation. Efficiency Control The management and the marketers are regularly involved in finding out ways to improve the task performance in health organization.
These improvements bring in efficiency and
perfection in marketing operations.
The three essential mechanisms used under
efficiency control are as follows: Sales Force Efficiency Indicators The competence of the sales team can be determined by evaluating the various factors.
It includes acquisition of new customers, customer
turnover, average cost incurred on each sales call, return on time invested on the prospective customers, market share lost to the competitors, average sales made by each person per day, etc. Advertising Efficiency Indicators To know the effectiveness of the advertising activities, the marketers analyze the various advertising functions on different grounds.
For this purpose, it finds out the brand
awareness, cost incurred on each enquiry, media cost to reach per thousand customers, advertising campaign reach, etc. Distribution Efficiency The performance of the distribution channels in comparison to the cost incurred on channel partners and distribution of products can be analyzed through the distribution efficiency control.
It includes the measurement of the channel
member’s market reach, cost incurred on operating a particular channel and the contribution of each channel member in selling the brand’s products. Strategic Control The external environment creates a significant impact on health organization’s marketing strategies.
To understand and align the plans with the
prevailing external environment, health organization can adopt any of the following control functions: Customer Relationship Barometer To determine the customer’s loyalty towards the brand and its products, health organization uses the relationship barometer.
Health organization studies the customer’s
perception based on the criteria like organization’s core values, system, policies, structure, customer orientation strategy, technology, personnel attitude, knowledge, skills and behavior. Marketing Audit
Like accounting audits, marketers carry out
marketing audit to get a clear picture of health organization’s performance while executing the various marketing operations. Marketing Control Process Marketing control is a systematic and integrated process.
A marketer follows the following steps while
exercising control over the marketing operation in health organization: Marketing Control Process 1. Determining Marketing Objectives: Setting up of the marketing goals, which are in alignment with the organizational objectives.
2. Establishing Performance Standards:
To streamline the marketing process, benchmarking is essential. Therefore, performance standards are set for carrying out marketing operations. Marketing Control Process 3. Comparing Results with Standard Performance: The actual marketing performance is compared and matched with the set standards and variation is measured. 4. Analyzing the Deviations: This difference is then examined to find out the areas which require correction, and if the deviation exceeds the decided range, it should be informed to the top management. Marketing Control Process
5. Rectification and Improvement:
After studying the problem area responsible for low performance, necessary steps should be taken to fill in the gap between the actual and expected returns. Barriers of monitoring the marketing .performance
Inaccurate measurement system
Misleading measurement processes Inappropriate measuring tools Lack of staff training to determine how to implement the control process. Unclear standards to compare with. Chakrabarty, A. What is marketing control, Type & Technique explained // Unstop (formerly dare2compete). What is Marketing Control, Type & Technique Explained // Unstop (formerly Dare2Compete). https://unstop.com/blog/marketing-control
J, A. (2020, March 7). What is marketing control? definition,
types, process. The Investors Book. https://theinvestorsbook.com/marketing-control.html