Exercise 7 Fill out the chart. What are the difference between strategic marketing and tactical marketing?
Strategic Marketing Tactical Marketing
Concept The meaning of concept in Although strategic strategic marketing way is marketing aims at the by emphasizing proper company's priorities, identification of marketing tactical marketing focuses opportunities as the basis on the specifics to for marketing planning and corporate growth. And It accomplish that objective. also emphasizes both The acts or tactics customers and rivals. A necessary to achieve strategic marketing strategy your target can be set in aims to evaluate ways of motion with a plan in providing superior value to place. Example is the most profitable detailed profiles of your segments. An integrated businesses include strategy focused on analysis designing techniques to and feedback is reflected by help your marketing a strategic marketing campaigns, and by can approach. Through market analysis, consumer needs picking the correct are first assessed, and an advertising media and integrated marketing effort decide which marketing is created to satisfy platform is most consumers so that the productive just by company achieves its understanding your target objectives, particularly those audience. affecting shareholders. Purpose The purpose of strategic While the purpose of marketing is to make the tactical marketing is, most of the positive tactical marketing distinction of a company strategy breaks down from its competition from those business goals into the viewpoint of the marketing goals, then customer. Also, it outlines the marketing determines the tactics and strategies to positioning and efficiency be used to accomplish of a company, strategic those goals. marketing helps. It is important to know at any given time what tools are at the disposal of an organization. And one of the purposes of strategic marketing is, it helps in creating products and services that provide the organization with high profits.
Activities Strategic marketing is Tactical marketing plans
both a theory and a are relevant to you and collection of strategies your company goals and that address issues such come in all shapes and as analysis, product sizes. The activities that design and development, must be performed to pricing, packaging, achieve the company promotion of sales and goals set out in the sales, advertisement, strategic marketing plan public relations, delivery are outlined by successful and after-sales service. tactical marketing plans. These activities Some of the activities are determine the marketing product promotion, public spectrum, and their relationships, distribution, balanced incorporation is sales process, training, known as the marketing busines objectives, mix within the marketing Advertising and more. strategy.
Key Concepts The key concept of While the key concept of
strategic marketing is, a tactical marketing is, a strategic marketing plan successful tactical identifies your business marketing strategy details goals, the marketplace in how your goods and which you operate, your services will be target audience, the positioned; how to find approaches you want to prospects; and how to achieve them, and how identify strategies you will you can measure your use to make sales. The performance are defined tactical marketing by a strategic plan. To strategy also outlines the grow your business, it details of the advertising integrates everything you of goods, public relations say and do. In the effort and more. And tactical to make profits, strategic marketing is about the marketing strategies tools and tactics that your revolve around the type of business can use to setting an entity needs to achieve its objectives. set up for consumers. Plans include concepts such as target markets for area and demographics as well as market segmentation.
Timetable A strategic marketing The timetable or timeline
timetable or marketing of tactical marketing is by timeline helps the entire using spreadsheet marketing team to see all software, an efficient way the projects, programs, of developing a tactical promotions, and sales plan is to place the that are going to happen tactical measures in during the year. They can calendar form. The be used on a quarterly, calendar may be weekly, annual, or per-project but the tactical plan basis to plan out should also be displayed deadlines. Some of the in a quarterly format since reason on why timetable certain strategies take or timeline is important. more than one month to First, Timelines allow your complete. Example, a team to see a complete retail store attendance overview of which plan to launch a new marketing activities are product line, for example, coming up. Second, they might include strategies encourage you to prepare to schedule two shows in your job, then work out the first quarter of the your plan. Planning can year and two in the third mean the difference quarter. between a project that is well-executed and one that is haphazardly put together. Lastly, they help to keep all the marketing assignments on track. At a moment, these brief overviews will show any member of the marketing team what they need to do with a particular project and, most importantly, when it is due. That means less pressure and less deadlines that are missed.