The document discusses company strategic planning and marketing's role. It notes that strategic planning defines a company's goals and direction to achieve its mission. The four key steps in strategic planning are: 1) defining the company's mission, 2) selecting measurable goals, 3) designing the business portfolio which analyzes current business units and products, and 4) implementation which develops action plans, budgets and schedules. Marketing objectives aim to build profitable customer relationships while business objectives focus on increasing market share and profits through local partnerships and promotion.
The document discusses company strategic planning and marketing's role. It notes that strategic planning defines a company's goals and direction to achieve its mission. The four key steps in strategic planning are: 1) defining the company's mission, 2) selecting measurable goals, 3) designing the business portfolio which analyzes current business units and products, and 4) implementation which develops action plans, budgets and schedules. Marketing objectives aim to build profitable customer relationships while business objectives focus on increasing market share and profits through local partnerships and promotion.
The document discusses company strategic planning and marketing's role. It notes that strategic planning defines a company's goals and direction to achieve its mission. The four key steps in strategic planning are: 1) defining the company's mission, 2) selecting measurable goals, 3) designing the business portfolio which analyzes current business units and products, and 4) implementation which develops action plans, budgets and schedules. Marketing objectives aim to build profitable customer relationships while business objectives focus on increasing market share and profits through local partnerships and promotion.
Marketing’s role. Strategy planing is a must of every business, big and small. It’s a process to figure out where your company is going and how to get there. A strategic plan defines who you are as a business and lists concrete actions to achieve your goals. When the unexpected occurs, a strategic plan helps your busines survive and find new opportunities while staying true to your values and mission. A srategic planning include four steps :
First, as a organisation, sou ; should defining the mission which the
organisation coose what it wants to accomplish in the larger environnement. Second one, strategic planning involves selecting goals. Most planning uses SMART goals (specefic, mesurable, achievable, realistic and time- bound.) or other objectively mesurable goals. Mesurable goals are important because they enable business leaders to determine how well the business is performing against goals and overall mission. About the objectives, we have two of them, business objectives aims to build profitable customer relationships, invest in research and improuve profits. Second is related to the market, we call it Marketing objectives, which the organisations increase marketshare, create local partnerships and increase promotion. The third, desining the business portfolio, it means the collection of business and products that make up the company. There is some tools to analyse the current business portfolio, like : Strategic business units (SBU) : is a unit of the company that has a separate mission and objectives that can be planned separately from other copany business. Growth-share matrix : helps companies to prioritize their different business. It is a table, split into four quadrants, each with its own unique symbol that represents a certain degree of profitability: question marks, stars, pets (often represented by a dog), and cash cows.
ANSOFF matrix : identifies company grouth opportinities throught
market penetration, market development, product development or divesification.