STRATEGIC MARKETING & HOW IT BRINGS SUCCESS

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STRATEGIC MARKETING HOW IT BRINGS SUCCESS
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WHAT IS STRATEGIC MARKETING?

• Strategic marketing is the process of planning
  all the marketing activities of a company in a
  unified and clear way. This marketing plan must
  take into account all the firms activities and
  find a way to market it interestingly and
  efficiently to the public, so that they are
  tempted to try the product or service and have
  brand retention. Strategic marketing helps brands
  get an edge over their competition and allows
  them to capitalize on their strengths. Marketing
  strategies can either be creative or direct, but
  they are made to meet the needs of the market and
  create a space for themselves in the market for
  the long run. In a simple sense, strategic
  marketing is used to decide
• Which markets to compete in and where it will
  compete
• How the firm will compete and what its advantage
  is going to be
• When and how the firm will enter the market and
  when they will compete

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WHAT IS THE 5 STEP STRATEGIC MARKETING PROCESS?

• There are five basic steps that are part of every
  strategic marketing process and these help a firm
  create a plan that will help them reach their
  goal. With changes in the environment and
  society, this plan needs to be updated and has to
  meet the needs of the current social scene. The 5
  steps of strategic marketing process are
• INDENTIFYING A MISSION
• ANALYSIZNG THE SITUATION
• SETTING OBJECTIVES
• DEVELOPING A MARKETING STRATEGY
• EVALUATION AND CHANGES

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What are the steps in the business strategic
planning process? The business strategic
planning process is a process that takes into
account all the steps that must be put together
while creating a strategic plan. These steps are
broad and change according to the type of
organization and the kind of work they do.
However, whatever internal changes there are in
the plan, the basic outline must be followed to
make a complete and comprehensive plan. These
steps are Preparation This step involves
doing research and getting together all the
information about the firm and its related
aspects. Mission and Vision Statements This
means either creating or changing the mission and
vision statements according to the firms needs.

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SWOT Analysis This step in the business
strategic planning process involves doing a
strength, weakness, opportunity and threat
analysis. Planning This involves planning using
all the resources, ideas and priorities. Distribu
ting tasks actions This includes assigning
the tasks to different members and making sure
they are able to do it. Putting the plan into
action This includes putting the plan into
action physically. Review This includes
checking up on the plan after its been in effect
and making necessary changes.
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THANK YOU