Category Archives: Miscellaneous

Marketing/Sales/Business Development

Phil Morettini from PJM Consulting has a written a fantastic post which Phil Moretinniexplains key differences b/w sales, marketing & business development.  For more information on PJM Consulting please visit www.pjmconsult.com 

Marketing

Can best be understood by the “4Ps of Marketing” as a framework:

Product–all the things that make the product what it is–features, interface, positioning, etc.

Promotion–how you get the word out about your product–advertising, direct mail, press relations, etc                                                                                                                            

Price–self explanatory, but along with the base price includes discount schedules and channel pricing, etc                                                                                                                        

Place–How you distribute the product, direct over the Internet, direct sales force, 1 step distribution, 2 step distribution, internationally or just domestically, etc.                          

Marketing has both a strategic component and tactical component.

Sales

This is probably the most easily understood, but it varies greatly by company. Simply, once a prospect has been identified by marketing, it is all that is involved in the process of getting the deal and converting them from a prospect to a customer. This can be quite separate from the marketing process in some high priced products, but can almost appear to be the “backend” of the marketing process for lower priced products sold directly–for example by download on the Internet.

Business Development

This is the least well defined of the three terms that you use, as it means different things to different people. Some people use this term interchangably with sales, or for “high end” or big account sales. But the classical definition of Business Development includes strategic partnering, licensing (in and out), M&A if there isn’t a separate corporate development function, OEM relationships, and sometimes channel development if there isn’t a dedicated channel team.

There is of course gray areas and different interpretations for all three, but I hope that this is helpful to you as a baseline

Credits : PJM Consulting

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Pradeep on life as an Information Science MBA

Pradeep ChandiranPradeep, doing his internship from HAL Bangalore talks about life as a Tech-MBA and the difference (he feels) a Tech-MBA has from a normal B-Schooler. Interestingly, Pradeep was stumped when I told him that his conversation is being recorded and would be put over on the blog.

Download the audiotranscript from here

Hear Online

Or Left click here to hear it online


http://odeo.com/show/11077423/1840333/download/PradeepThemarketingblog.mp3

I am trying to get flash-support for wordpress. Accept my due apologies for the inconvenience caused for online viewers

Wooh. this is infact the first audio podcast on the blog. Though the poor audio quality won’t make digestion better. Hopefully, the audio quality should improve as we move further.

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Filed under Miscellaneous, Podcasts