Marketing strategy is most important part of strategy of a company and defines long-term plan. The main target of marketing strategy is increase profits of company, Improving market positions and full contentment of the needs of target customers. Usually marketing strategy is developing for 3-5 years.
Stages:
Stages of marketing strategy realization 1. Analysis 2. Development 3. Tactics and implementation 4. Control
Analysis:
Business analysis – history, products, internal data, structure, business-model. Consumer analysis, segmentation, analysis of competitors and market SWOT analysis
Development:
Segment targeting – based on the results of the analysis phase and the SWOT report, the target segment of customers is determined choose competitive strategy for Porter: Cost leadership, differenciation or focusing Developing of 5P strategy: · Defining the portrait of the ideal consumer and developing Brand platforms; · Products strategy; · Distribution strategy; · Cost strategy; · Communication strategy: creative frame and media strategy ;
Tactics and implementation:
Defining tactical goals and an action plan to achieve the goals Setting KPI
Control
Keeping our finger on the pulse - continuous monitoring of results Correction as needed.