MYMKTGLAB NEW DESIGN MKTG(CUSTOM)
MYMKTGLAB NEW DESIGN MKTG(CUSTOM)
2018th Edition
ISBN: 9781323825518
Author: Pearson
Publisher: INTER PEAR
Question
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Chapter 2, Problem 1ALC
Summary Introduction

To discuss: The role of marketing in strategic planning process and the purpose of strategic planning in marketing.

Introduction:

Strategic planning is the process where the organization plans the strategy on setting the goal to make decision, allocate its resources, and achieve its goals.

Expert Solution & Answer
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Explanation of Solution

Purpose of strategic planning in marketing:

The purpose of strategic planning in marketing is that it gives guidelines through which the company can act and attain its goal.

Marketing plays a vital role in strategic planning process. Strategic plan of marketing occurs at various levels of organization.

  • Business unit
  • Product level
  • Market level

Marketing gives the detailed opportunities to the organization and the concept to have the smooth customer relationship.

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