Thomsons ITM

Marketing Strategy - leverages paid, owned and earned media. Optimizes performance for your media channels, executes campaigns, publishes content and drives engagement. And enhances your marketing tactics for more earned credibility.

Nowadays, the concept of strategy in general and marketing strategy in particular appears very popularly in modern market. Oxford Advanced Learner’s Dictionary (2005, p.1516) defines strategy as “a plan that is intended to achieve a particular purpose” or “the process of planning something or putting a plan into operation in a skilful way”. Chandler, A. D. Jr (1962, p.7) views strategy as “the determination of the basic long-term goals and objectives of an enterprise and the adoption of courses of action and the allocation of resources necessary to carry out these goals”. In another work, according to Anthony, R. N. (1965, p.15), strategy is “the process of deciding on objectives, on the resources used to attain these

There are five components within a well- developed strategy. Market segments its competition when it plans to enter. Decisions about an organization’s strategic plan should focus on management’s view of the company’s mission or vision. Its various activities define the essential nature of what the company is should be like. A marketing strategy is composed of several related elements. Businesses are created from creativity and ideas. Many new business plans fail, because there is lack of execution. You need to execute in all areas of your business. Implementing and executing the chosen strategy and evaluating performance all involve marketing and

Marketing plans are critical to the success of any business organization as they help achieve company goals by providing guidance, instruction, and structure to an organization. Effective marketing plans are crucial to the success of all companies large and small. Marketing plans, may look different depending on the size and scope of the organization, but no matter their appearance they serve an important role in achieving and maintaining organizational goals. A well-written marketing plan provides focus and direction for the company and its employees. It organizes valuable information about the product and target markets. An effective plan transforms the marketing strategy into calculated procedures to achieve company objectives. Without a marketing plan confusion can ensue because information is not properly relayed and there is little consistency.

Every organization needs to have a marketing strategy so that they know who are their competitors, which market they need to target, do they have resources to compete in that market and what strategies they need to adopt to gain competitive position in the industry. The most important thing is with the help of marketing, company is able to make people aware of its product.

In term of business strategies, there should be hundreds definitions, especially in such a huge field as marketing. Marketing strategy is the process that the firm uses to translate its business objectives and strategies into market activities. To be more specific, a marketing strategy enables the company to select a target segment and localize the desired position that the products aim to target customer then specify the plan for the promoting activities to get the goal (Silk, 2006). The key for the managers and their business to achieve success is to understand how to harness the organization’s resources to meet customer’s needs using marketing analysis, understand competitors, consider political issues, technological and external and internal changes, government actions as well as globalization (Gauzente et al., 2004)

Marketing strategy is the goal of the increasing sales and achieving the sustainable competitive advantages. Marketing strategy includes all the basic and long-term activities in the field of the marketing that deal with the analysis of the strategic initial situation of the company and the formulation, evaluation and selection of the market-oriented strategies and therefore it contributes to the goals of the company and its marketing objectives.

The main purpose of developing a marketing strategy in any organisation is to make sure that its capabilities are coherent with the market environment in which it operates in, not just for the present but also for the future to come (Hooley, Piercy and Nicoulaud, 2012). Without a clear knowledge of the conditions of the external environment and how these conditions can affect the business over time, it is difficult for a business to make fundamental decisions. By aligning both the marketing and general business strategy ensures that everything within the business is in sync, strategies are designed to gives members of an organisation a clear picture of how they will achieve their goals. In order to be effective strategies work hand in

The main objective of organization is to attain sustainable competitive advantage in the market. To achieve objective it has developed a broad strategy and there are other department which has also developed their own strategy. A suitable marketing strategy is the easiest way to attain corporate objective. Marketing strategy emphasizes on the customers more who are the value creators of the organization. The more value will be created the more competitive advantage is achieved. We can relate our corporate strategy with marketing strategy as follow.

Strategic Marketing is a process of creating superior customer value resulting in the creation of superior shareholder value and a sustainable competitive advantage” Diasz (2012). A marketing strategy consists of an internally integrated but externally focused set of choices about how the organization addresses its customers in the context of a competitive environment. A strategy has five elements: it deals with where the organization plans to be active; how it will get there; how it will succeed in the marketplace; what the speed and sequence of moves will be; and how the organization will obtain

A marketing strategy can be defined as the art and science of formulating, implementing and evaluating cross functional decisions that enable an organization to achieve its objective. A marketing strategy is a process that can allow an organization to concentrate its limited resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage. This is where McDonald’s has excelled due to its ability to successfully integrate the customer’s perspective in its products and operations

A marketing strategy is a plan identifying your target market, goals and objectives. It should include the 4 P’s. The purpose of a marketing strategy is to provide you with a structure and time limits.

Strategy can be defined as a firm’s positioning to gain a competitive advantage in the marketplace (Michael E. Porter 1996)[1]. A strategy is always to secure organizational effectiveness by performing the right activities at the right time and to .achieves the right fit with the external environment. Building upon this idea, a marketing strategy allows firms to develop a plan that enables them to offer the right product to the right market, with the intent of gaining a competitive advantage. Marketing strategy research has focussed arenas such as marketing strategy

Marketing strategy is a process that can allow an organization to concentrate its limited resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage.

‘Strategy’ means a plan of action that is mainly design to achieve the future goal or objective. And in the other hand ‘marketing’ means a business of promoting good or services and selling that with market research and advertisement. So strategic marketing is an explanation of the objective that we need to achieve in future with the help of marketing.