Professional Documents
Culture Documents
b. Strategic Marketing Goals : The purpose is to help managers understand the nature
of the industry, the way firms behave competitively within the industry and how
competition is generally undertaken. Main Strategic objectives are :
1. Niche
2. Hold
3. Harvesting.
4. Divest
1. Competitive Advantage.
2. Generic Strategies.
3. Competitive Positioning
Implementation :
Many organizations and firms use one or another variant of balanced scorecard Recent
research has highlighted the increased use of marketing metrics in firms , including areas
such as : profit/profitability; sales , value and volumes; gross margins; awareness; market
share; number of customer complaints; consumer satisfaction; distribution/availability; total
number of customers; marketing spend; perceived quality/esteem; loyalty/retention and
relative perceived quality.
To determine a companys yearly sales forecast , we forecast total industry sales revenues and
multiply this measure by forecast market share. We can also determine sales forecast
directly , through the opinion studies of sales personnel or using marketing intelligence
reports. Sales variance analysis allows us to determine whether we are meeting our target
sales forecast by measuring how much our actual sales revenue differs from those forecasts.
Marketing Planning
A marketing plan designed to support a particular product consists of a series of activities that
should be undertaken sequentially.