Strategic Marketing Plan : Background And History
Jan 31,22Strategic Marketing Plan : Background And History
Question:
Discuss about the Strategic Marketing Plan for Background and History.
Answer:
Introduction
Strategic Marketing is a unique concept and the concept is based on the terms that are linked to the promotion and advertising. The background of strategic marketing can be well considered with the advent and the exposure of marketing (Chernev, 2018; Sahaf, 2019). The term strategic marketing has gained momentum over the past three decades and the history of it is overwhelming. This is closely associated to the competitive strategy and the brand strategy along with the manner in which the placement of the products is being carried out. The pricing along with the distribution channels tends to bring about the needed change.
The good positioning strategy considers the market profile along with the customer segments and the personas tries to bring about the alignment for the various marketing concepts. The customer segments also encompass the competitive analysis which is carried out along with the method in which the value is being delivered (Chernev, 2018; Sahaf, 2019). The method in turn is crucial and the same is aligned to the market. The method for the delivering of the value tends to be crucial. The manner in which the product is delivered does make a difference. The strategic marketing with the regulations and planning marks the success for the marketing companies (Chernev, 2018; Sahaf, 2019). There are unique processes too that are closely associated to the strategic marketing. These processes need to cover the hazards and the physical risks that are involves too in the completion of the projects. The consequences of the wrong decisions undertaken by the stakeholders can be huge (Chernev, 2018; Sahaf, 2019). The conflict of interest tends to bring out the various aspects linked to the culture in the marketing arena. The marketing strategies are unique and the brand owners who are part of the team and wish to bring about the maximum change with reference to the products being marketed.
Brand Identity
The brand identity makes a lot of difference. With the brand identities taken into consideration, the analysis of risk is also important. This is because the strategic marketing involves the various core principles which the brand of choice needs to consider. The brand personality is associated with the risks too (Chernev, 2018; Sahaf, 2019). The ethics and the professional conduct as part of the strategic marketing tends to be crucial. The relevant standards are helpful in gaging the situation and taking the relevant actions in the marketing context (Chernev, 2018; Sahaf, 2019). The conflict of interest tends to bring out the various aspects linked to the culture. The risk assessment needs to be well accomplished to understand the sales and the identity of the brand that can tarnished.
Fundamental Idea
The fundamental idea behind the marketing along with the organizations and the prosperity considers the needs to be met. The wants of customers need to be well comprehended. The process of the marketing encompasses the various philosophies (Chernev, 2018; Sahaf, 2019). The matching processes with the higher needs is connected to the priorities. The method for the delivering of the value tends is important based on the strategic marketing. The manner in which the product is delivered does make a difference. The strategic marketing with the regulations and planning marks the success for the marketing companies (Chernev, 2018; Sahaf, 2019). The innovation asa means of developing the new products has become a considerable concern. This is true with respect to the consumer behavior in terms of the introduced idea or the service. The adopter characteristics with the type of target market.
Unique Processes
There are unique processes too that are closely associated to the strategic marketing. These processes need to cover the hazards and the physical risks that are involves too in the completion of the projects. The consequences of the wrong decisions undertaken by the stakeholders can be huge (Chernev, 2018; Sahaf, 2019). The competitive advantage methodology that is being well explained by Porter outlines the various conditions that need to be well met. The hierarchy of the source in terms of the lowered labour cost can be well imitated. This is also true in case of the customer relationships which are to be built. The dynamic strategy entails the business environment and the impact that the technology can well have (Chernev, 2018; Sahaf, 2019). The strategies are alike the war of position in terms of the industry with the work only with the regions and the products wherever they are being marketed. The method for the delivering of the value tends is important based on the strategic marketing (Chernev, 2018; Sahaf, 2019). The manner in which the product is delivered does make a difference. The strategic marketing with the regulations and planning marks the success for the marketing companies. The competencies as part of the collective learning tend to be crucial. The product lines and the exposure to the same can be well deployed in terms of the potential access to the variety of markets. This is a significant contribution to the end user value (Chernev, 2018; Sahaf, 2019). The difficulty to imitate the competitors is a crucial methodology.
Conclusion
Considering the background of Strategic Marketing, there are various considerations that tend to be important. The product portfolios are necessary too. The term strategic marketing has gained momentum over the past three decades and the history of it is overwhelming (Chernev, 2018; Sahaf, 2019). This is closely associated to the competitive strategy and the brand strategy along with the manner in which the placement of the products is being carried out. The method for the delivering of the value tends to be crucial. The manner in which the product is delivered does make a difference (Sahaf, 2019). The strategic marketing with the regulations and planning marks the success for the marketing companies (Chernev, 2018; Sahaf, 2019). There are unique processes too that are closely associated to the strategic marketing. These processes need to cover the hazards and the physical risks that are involves too in the completion of the projects. This is because the strategic marketing involves the various core principles which the brand of choice needs to consider. The brand personality is associated with the risks too (Chernev, 2018; Sahaf, 2019). The ethics and the professional conduct as part of the strategic marketing tends to be crucial. The relevant standards are helpful in gaging the situation and taking the relevant actions in the marketing context. The conflict of interest tends to bring out the various aspects linked to the culture. The risk assessment needs to be well accomplished to understand the sales and the identity of the brand that can tarnished (Chernev, 2018; Sahaf, 2019). The competitive advantage methodology that is being well explained by Porter outlines the various conditions that need to be well met. The hierarchy of the source in terms of the lowered labour cost can be well imitated (Chernev, 2018; Sahaf, 2019). This is also true in case of the customer relationships which are to be built. The strategies are alike the war of position in terms of the industry with the work only with the regions and the strategic marketing thus playing a greater role.
References
Chernev, A. (2018). Strategic marketing management. Cerebellum Press.
Schiavone, F., & Simoni, M. (2019). Strategic marketing approaches for the diffusion of innovation in highly regulated industrial markets: the value of market access. Journal of Business & Industrial Marketing.
Sahaf, M. A. (2019). Strategic marketing: making decisions for strategic advantage. PHI Learning Pvt. Ltd..