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Marketing stategy analysis & choice
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Marketing stategy analysis & choice
1.
Marketing Strategy Analysis [Based
on Environment] Macro Environment Micro Enviroment Politics Economics Social Technology Legal Environment Rivalry Competitiveness Supplier Buyers Entrance Threat Substitutional Threat Internal Enviroment evaluation strategy 1. Resource Audit 2. Porter’s Value Chain Model - Cost based advantage -Differentiate based advantage Strategic Fit -Strenght -Opportunity -Weakness -Threat Marketing Stategic Choice Corporate level -->Mission statement -->Directional strategy (Growth, Stability & Retrenchment) --> Resource allocation Strategic Decission Strategic Business Unit(SUB) level --> Generic Strategy (Cost leadership, Differentiation, Foucs) (Porter’s Generic Strategies & Bowman’s Strategy Clock) Marketing Related/Functional Level --> Product Offering --> Market Segment to target --> Position Strategy -->Competitive Position Tactics
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