What is the marketing strategy? Marketing strategy is an approach to any industry that allows an enterprise to focus its limited resources (people, capital, and technology) on the most profitable opportunities to boost sales and reach a sustainable competitive edge. Marketing strategy is also used to create awareness, loyalty, and credibility for a brand or product. A key ingredient in marketing strategy is the ability to think strategically about one’s customer and align marketing activities with this goal.
What is Marketing Management? Marketing Management is a discipline that is concerned with the study of market dynamics, including the processes that shape and form buying decisions, how buyers make these decisions, and how sellers structure and execute marketing activities. Marketing managers are primarily interested in the strategic processes of creating and nurturing customer relationships, identifying target markets, analyzing customer preferences, establishing promotional plans, and funding marketing strategies. Marketing managers are involved in the identification, organization, development, implementation, monitoring, evaluation, and adjustment of marketing plans.
What is Digital Marketing? Digital marketing strategy refers to the use of electronic or digital means to promote products or services. The most popular methods include email marketing, search engine marketing, social media marketing, video marketing, and web 2.0 strategies. Digital marketing strategies are becoming more important as more industries adopt digital technologies to reach their customers.
What is Marketing Performance? Marketing Performance is an organizational performance measure used to evaluate the success of marketing activities. It is often used to compare marketing strategies across a company and to set goals for future achievement. Marketing performance measures include financial measures, customer measures, and other statistical data. Companies may also choose to track marketing performance over time, such as over a six-month period.
What is Email Marketing? Email marketing strategy helps in brand building and consumer retention. It allows companies to build relationships with their target market by repeatedly communicating with them via various communication mediums. In addition, it allows companies to track customer touch points and preferences, which can help them improve their products or services. Email marketing helps companies gain profit through increased sales as well as customer loyalty. However, before companies can effectively implement an email strategy, they first need to understand what is marketing strategy and what it is not.
What is Media Planning? Media planning refers to the process of creating and executing a strategy that will produce the desired effect on the target audience. For example, if a company is going to create a television advertisement, the production company will determine the content, timing, and message that best describes the product or service being offered. The same concept is true for an Internet site. Internet marketing strategies will often include media planning, which seeks to ensure that the intended message is communicated clearly and effectively to the target audience.