India would determine goals and adopt strategies to win a potential war against China. Strategy involves determining goals and objectives, and adopting courses of action and allocating resources to achieve those goals. There are different types of strategies including corporate, business, functional, and marketing strategies. A marketing strategy establishes a company's long-term plan for achieving goals by understanding customer needs and creating a sustainable competitive advantage.
India would determine goals and adopt strategies to win a potential war against China. Strategy involves determining goals and objectives, and adopting courses of action and allocating resources to achieve those goals. There are different types of strategies including corporate, business, functional, and marketing strategies. A marketing strategy establishes a company's long-term plan for achieving goals by understanding customer needs and creating a sustainable competitive advantage.
India would determine goals and adopt strategies to win a potential war against China. Strategy involves determining goals and objectives, and adopting courses of action and allocating resources to achieve those goals. There are different types of strategies including corporate, business, functional, and marketing strategies. A marketing strategy establishes a company's long-term plan for achieving goals by understanding customer needs and creating a sustainable competitive advantage.
India will determine and evaluate alternatives and adopt those alternatives to win war against China What is Strategy • Strategoes : Art of generalship Definition of strategy • Strategy is the determination of goals and objectives of the origination and adopting courses of actions and allocating resources necessary for attainment of these goals and objectives Mintzberg’s 5 Ps of Strategy Nature of Strategy • Ongoing process • Dynamic process • Multi disciplinary • Hierarchical ( Top to bottom) • Future oriented Types of Strategies • Corporate Strategy : It is meant for entire businesses in which company operates • Business Strategy/ Business Unit Strategy: Strategy meant for business units which are functioning independently in market. • Functional Strategy : Strategy meant for various departments (production strategy, marketing strategy, advertisement strategy, sales strategy, human resource strategy, inventory strategy, financial strategy, training strategy, etc. ) Marketing Strategy • A marketing strategy is a long-term plan for achieving a company's goals by understanding the needs of customers and creating a distinct and sustainable competitive advantage. Competitive advantage • Competitive advantage refers to ability of an organization to produce goods or services better than its competitors. Competitive advantage • Cost leadership strategy: Providing cheap product to the customers at lowest price with better quality • Differentiation strategy : Providing unique, different and district product to the customer in comparison to the competitors • Focus strategy: identifying small niche market and selling cheap or differentiated products Conditions for successful marketing strategy • Knowing your target audience : Identification of need of the customers • Proper market segmentation: • Unique selling proposition: what makes you special • Situation analysis: Swot analysis • Objective oriented: marketing strategy should be in line with organizational objectives • Identification of competitive advantage: • Simplicity of the strategy: It should be understood by everybody in your department • Flexibility of the strategy : flexible enough to survive in the uncertain business environment • Resources deployments: how to utilize available resources effectively • Comprehensive & consistent : it should be in line with strategies of other departments Significance of Marketing strategy • Strategic planning : having plan in place for both expected and unexpected situation • Establish effective distribution: • Developing financial goal: Planning for sales & controlling expenses • Developing marketing plan: Expected strategies for your product • Understanding customers: need identification • Assist marketing communication: How to connect to target customs (to Inform to remind to persuade) • Facilitating optimum usage of resources : use of too many resources may lead to wastage, usage of too little resources may lead to opportunity loss
Effect of Independence, Professionalism, Professional Skepticism and Time Budget Pressure On Audit Quality With Moral Reasoning As Moderation Variables
International Journal of Innovative Science and Research Technology