Selecting Distribution Channels - Great Ideas for Teaching Marketing
[Pages:1]Selecting Distribution Channels
It was only about 25 years ago that most banks typically only used one distribution channel (their branches). However, since that time they have dramatically expanded the number of channels that they use.
Below is a list of common distribution channels for a bank. Your task is to identify the most appropriate mix of channels for two different banks.
About the Banks and Their Possible Channel Choices
The first bank is a major bank that has an extensive number of branches throughout the country. One of the key aspects of their positioning is that they offer great personal service. Select the five most suitable channels for them.
The second bank is new to the country. They have no branches and have very little brand awareness in the market. Their plan is to specialize in offering great value home loans only. Select the five most suitable channels for them.
Direct channels Branches
Phone (a call center) Phone (an automated
system) Internet banking
ATM's
Direct channels
Indirect channels
Mobile managers (who visit Enable transactions through
the customer)
third-party retail stores
Personal Banker (staff who directly look after customers)
Utilize mortgage/loan brokers
Direct mail
Utilize investment advisers/financial planners
Email
Get referrals from real estate agents and accountants
Mobile phone messages
Generate sales/referrals via independent internet sites
Student Discussion Questions 1. What are the most suitable distribution channels for each bank? 2. Is your selection of channels relatively similar or different between the two banks? 3. Therefore, what role does 'place' (distribution channels) play in a firm's overall strategy and marketing mix?
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