Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Other

Strategic and marketing planning

Rating
5.0
(1)
Sold
2
Pages
2
Uploaded on
07-05-2021
Written in
2020/2021

Marketing strategies has a vital role in company success via introducing their product to the potential customers. Marketing can start even before the actual PLC in a company. There are two different kinds of planning: strategic and operative.

Show more Read less
Institution
Course

Content preview

Nowadays, companies fight aggressively to protect their market domain and survive
in competitive advantage. Marketing strategies has a vital role in company success
via introducing their product to the potential customers. Marketing can start even
before the actual PLC in a company.



According to Camilleri (2018), the most important stage in marketing is strategic
planning which provide the better insight via understanding the internal and external
environmental factors, strengths and weakness in a systematic way and align
capabilities, resources and actions with organization strategy. There are two different
kinds of planning: strategic and operative. Strategic planning is considered as a
long-term plan (for a few years) regarding to the anticipate and respond to the
environmental changes and market opportunities, while operative plans consist of
short-term activities (Pajunen, 2012, p.15-17). The strategic marketing guides the
tangible and intangible assets of company in order to make a balance between
short-term efficiency and long-term effectiveness. Veresová (2002), claimed that
marketing plan “connect, balance and harmonize all activities as a coherent
“regarding to achieve the goals.



Strategic planning and marketing planning are closely connected to each other
respecting to their overlaps. Strategic planning focus on company mission, analysis
and objectives. However, a company need marketing plans to explicate and
coordinate these objectives strategically. Each organization emphasize on analysing
their market based on marketing mix 4Ps to build a well-structured marketing
strategy in order to gain customer satisfaction and achieve organizational objectives.


All these variables affect short-term and long-term strategies. Winning new
customers and retain the existing is the chief struggle for any company. In this
essence, company focus on building brand identity, qualified leads, boosting sales
and customer loyalty. Products and distribution have the greatest overall long-term
effects on brand sales. Positive short-term effects can be turned into indirect long-
term effects by influential feedbacks.

Written for

Institution
Course

Document information

Uploaded on
May 7, 2021
Number of pages
2
Written in
2020/2021
Type
OTHER
Person
Unknown

Subjects

Free
Get access to the full document:
Download

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF


Also available in package deal

Reviews from verified buyers

Showing all reviews
4 year ago

It was helpful n informative.

5.0

1 reviews

5
1
4
0
3
0
2
0
1
0
Trustworthy reviews on Stuvia

All reviews are made by real Stuvia users after verified purchases.

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
moloodmohammadi UNICAF
Follow You need to be logged in order to follow users or courses
Sold
87
Member since
5 year
Number of followers
36
Documents
0
Last sold
3 months ago

4.8

43 reviews

5
36
4
6
3
1
2
0
1
0

Trending documents

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions