Strategic
Marketing Assignment Help
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What
is strategic management?
Strategic management is a process of
identifying the need of the customers. That helps to build the marketing plan
and achieve customer satisfaction and profit maximization. The company uses a
plan for marketing to execute those plans in a given time. Strategic management
is used to create sales and marketing techniques to develop market command or
make the business more creative. Strategic management help to create a proper
framework for the organization to achieve the objectives of the organization.
Strategic management is a subject that
required research about the customers’ needs and wants in the market to
developing the new planning according to achieve the marketing goals of the
organization. Students find it challenging to complete the assignment work before
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Strategic
management involves
1.
Analysis
of market position
This plays an important role in the
organization which deals with the past data and information to do all planning
related to marketing and sales. It is very important to gather the right data
and information to make a good decision and plan.
2.
Market
opportunities
Marketing is a subject which is based on
the research part to analyzing the market condition in the competition to make
good planning for the organization according to the requirement to achieve the
goals of the organization.
3.
Stakeholder
and shareholder interest
It deals with all the boards, customers,
industry, government, or target people to make the strategic marketing decision
in the organization. All these factors
play an important role to make an important decision in the organization.
4.
Target
market
Target market where producer or company
want to sell their products and in what category of peoples it is important to
make the strategies for the company accordingly. Because company sales and
profit depend on how they targeting people to sell their product and service.
5.
Budgeting
Budgeting is one of the important factors
related to the planning related to strategic management because it provides you
proper framework about how to use the money and where to use the money for
making the high number of profit for the organization.
6.
Media
usage
There are different media tools uses in a marketing
plan that helps the company to directly connect with the customers to provide
them all the information related to the product and services. Companies using
different digital platforms to promote their products among all the segments of
the people to increase the sales effectively.
7.
Reduce
risk
Strategic management is one of the most
used t processes to reduce the risk involved with the company product and
services. Strategic management gives a proper plan to reduce the risk related to
the different factors related to marketing.
Best
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