strategic-marketing-assignment-help

Assignment Help

What do you Understand by the 5-Step Strategic Marketing Process? , Sep 2019

By : Abram Scharf Posted September 24, 2019 Reading Time: 2 minutes
No. of views: 41

The process of Strategic Marketing helps the organization to achieve its goal towards the maximization of profit through the increase in sales. The Organization depends on the strategic marketing to identify the needs of the organization, analyze and evaluate the needs and as well as discover the opportunities in the marketplace. Can we complete our assignment in less time with the help of the contents of Strategic marketing assignment help?

5-Step Strategic Marketing Plan

Below we would discuss about the 5-Step Strategic Marketing process that would help the small and large businesses to create impact, customer loyalty, and brand attachment.

  • The Identification of the Mission Should be the Key: In Strategic Marketing the first step should be to find out the reason for the existence of the organization and through it how can the targeted customers be benefited over the long term. Therefore, to be specific a mission statement needs to be formulated for the future of the organization by describing an ongoing role for the service, product or expertise of the organization. Does BookMyEssay deliver genuine content through the option of assignment help desk?
  • Analyzing the Situation: This is the second step in the strategic marketing process that stimulates the organization to conduct a situation analysis which is also known as SWOT for evaluating and prioritizing the strengths, weaknesses, Opportunities, and Threats of the organization. It helps the managers of the organization to analyze and understand the resources which can be build on and even the challenges that they can encounter and win over further.
  • Marketing Objectives Need to be Specified: This is the third step of the strategic marketing process where the marketing objectives for the organization need to be set. These set objectives need to be measurable and clear goals that provides the decision makers a basis for the assessment of the progress and making a choice. These objectives are usually measured in the terms of the one or more quantitative targets just like the profit, revenue, market share or sales. Can the students avail the service of assignment writing Brisbane from any corner of the world?
  • The Strategy Needs to be Developed: In this step of the strategic marketing the strategy needs to be developed that involves the selection of a target market or a certain specific group of the consumers who have a tendency towards buying the service and products of the firm. Thus the implementation tactics must also be chosen by the marketers, on effectively using the marketing mix tools for reahing and influencing the prospective buyers.
  • The Evaluation Needs to be Planned: This is the final step which involves in the specification of the when and by whom these tactics need to be monitored as well as assessed over time. It becomes tough in determining the success of the efforts unless there is a measure for the public’s interaction along with the marketing materials as well as their subsequent responses. Does BookMyEssay deliver original and accurate content through the option of Strategic marketing assignment help online?
The strategic marketing process determines the clear and measurable objective for the organization that tends towards the maximization of the profit margin with the increase in the online customer base.