overall strategy process for developing a digital marketing strategy. • SOSTAC stands for Situation, Objectives and Strategy, Tactics , Action and Control. Imagine these stages likely overlap and you have to revisit them as you are going. SOSTAC + RACE
• Through SOSTAC® and the RACE Framework, you can
ask, for example: •What you may be weak at? •Do we fail to complete proper situational analysis? •Are our objectives SMART? •Do we have an appropriate strategy? Tactics? •Do we control performance using analytics? GROUP ACTIVITY • Exploring LEGO’s digital marketing strategy when focusing on their paid media strategy. Links to start your exploration: https://www.prnewsonline.com/lego-gregson-content/ https://www.lego.com/en-us/aboutus/news/2020/july/social-media- paidadvertising-pause/ https://advertisers.mediaradar.com/lego-advertising-profile#Summary https://www.newswhip.com/2019/01/lego-interview/ https://www.youtube.com/watch?v=zCXMx7RcZ5I https://blog.contactpigeon.com/lego-marketing-strategy/ Questions to answer: 1. Why and how is LEGO’s strategy successful. 2. How are they integrating paid media. Are there potential limitations? 3. Can you allocate key points of the LEGO strategy to the SOSTAC model?