BUS 30-424 Strategic Marketing
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Strategic Marketing as per the course BUS 30-424 Strategic Marketing is the use of marketing disciplines to fulfill organizational goals by developing and maintaining a sustainable competitive advantage. It gives high-level considerations like what markets to target, which services to provide and how to price and promote them.
Following are types Of Marketing Plans and Strategies:
- When the focus of firm is on selling its current products to existing customers, it is pursuing a market penetration strategy.
- Market Development Strategy.
- Product Development Strategy.
- Diversification Strategy.
Strategic marketing management as per the course BUS 30-424 Strategic Marketing involves making strategic decisions within your current marketing plan in order to maximize your plan. For an example, Apple and how they market themselves. They knewthe need for a product on the market and made the necessary decisions and implemented a strategy.
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