BENEFITS OF BUNDLE
DESCRIPTION
The Ultimate Strategic Marketing Management
Strategic Marketing is the way a firm effectively differentiates itself from its competitors by capitalising on its strengths (both current and potential) to provide consistently better value to customers than its competitors. In principle it's that simple, but it means a lot more than getting creative with the marketing mix.
Strategic marketing is a method through which an organisation differentiates itself from its competition by focusing on its strengths to provide better service and value to its customers. In a nutshell, the goal of strategic marketing is to make the most of an organisation's positive differentiation over its competition through the consumers' perspective.
The Role of Strategic Marketing is to decide:
1. Which markets to compete in (where to compete).
2. What the basis of the firm's competitive advantage is going to be (how to compete), and
3. When and how the firm will enter each market (when to compete)
It's only when these three questions have been answered can the marketing planning begin.
Phases involved in the strategic marketing planning process:
Planning phase: In this phase, the various aspects of an organisation, such as its strenghts, weaknesses and technology are assessed. The overall state of the organisation is also presented to the management. This phase comprises of four components, which include:
1. SWOT analysis: This method analyses the strengths, weaknesses, opportunities and threats related to the organisation. The results of this analysis help in developing a strategic marketing proposal for the organisation.
2. Marketing mix strategy: Once the SWOT analysis has been conducted, a proper marketing mix strategy is then prepared. Marketing mix strategy consists of combining and analysing a variety of components that help in strengthening a company's brand and in selling its products or services.
The importance of strategic marketing in an organisation:
1. Helps in evaluating the current environment: Strategic marketing helps in assessing the positioning and performance of an organisation. It is important to know what resources are at the disposal of an organisation at any given time. The data that is collected helps in understanding how well an organisation is performing within the overall competitive environment. This will also help the organisation in planning for future strategic marketing activities or plans.
2. Helps in establishing clear marketing objectives: Having a strategic marketing plan in place helps in establishing achievable marketing objectives. The objectives should have a specific time-frame and should be measurable.
3. Streamlines product development: Strategic marketing helps in creating products and services that provide the organisation with high profits. This is because strategic marketing starts off by conducting a SWOT analysis of the organisation, a market analysis of the consumers and the existing trends in the market. This information is then used to create the optimal products and services for the consumers.
Regards,
UJ Consulting
THERE ARE 10 PRODUCTS IN THIS BUNDLE:
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Develop an Effective Marketing Communication Strategy PPT
Contents :
1. 4 Ps Marketing Mix
2. The World's Top 10 Most Valuable Brands 2021
3. Key Objectives of Marketing... [read more]
Individual Price: $25.00
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Digital and Social Media Marketing Strategy PPT
Contents
1. The Elements of Successful Digital Marketing Strategy
2. Digital Marketing Framework
3. What Makes a Great... [read more]
Individual Price: $25.00
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Building Brand Equity
Contents
1. Attributes of Strong Brands
2. The Role of Brands
3. Brand Equity, Knowledge and Associations
4. Marketing Advantages of Strong... [read more]
Individual Price: $25.00
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Marketing Planning & Strategy Best Practice PPT
Contents
1. Market Scope Strategy
2. Single Market Strategy
3. Multi Market Strategy
4. Total Market Strategy
5. Market... [read more]
Individual Price: $25.00
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Market Segmentation, Targeting, and Positioning
Lecture Outline
1. Steps in Market Segmentation, Targeting, and Positioning
2. Four levels of Micromarketing
3. Effective... [read more]
Individual Price: $20.00
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International Marketing Strategies For Global Competitiveness
Lecture Outline
1. Identifying Competitors
2. Industry Concept of Competition
3. Competitor Map
4. A... [read more]
Individual Price: $25.00
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Designing a Marketing Channel System
Lecture Outline
1. Marketing Channels
2. Channels and Marketing Decisions
3. Categories of Buyers
4. Buyer Expectations for Channel... [read more]
Individual Price: $25.00
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Developing New Market Offerings (Marketing Strategy)
Lecture Outline
1, Categories of New Products
2. Factors That Limit New Product Development
3. Finding One... [read more]
Individual Price: $25.00
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Developing Pricing Strategies (Marketing Strategy)
Lecture Outline
1. How do consumers process and evaluate prices?
2. How should a company set prices initially for... [read more]
Individual Price: $25.00
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SWOT Analysis - Driven Strategic Planning
Lecture Outline
1. History of SWOT Analysis
2. What is SWOT Analysis?
3. Objectives of SWOT
4. Who needs SWOT Analysis?
5.... [read more]
Individual Price: $30.00
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Marketing Plan Development Product Strategy Positioning Globalization Product Launch Strategy Customer Segmentation Social Media Strategy Marketing Automation Omni-channel Marketing Brand Strategy Local Culture Pricing Strategy Maturity Model Product Lifecycle
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