ICMR Case Studies and Management Resources |
Strategic Marketing Management
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Title :
Strategic Marketing Management
Textbook |
In the present competitive business environment,
organizations that develop and implement effective marketing strategies can
create more value for their customers. An effective marketing strategy provides
direction, improves the brand image, helps in developing the right goals and
enhances the overall performance of an organization. For developing effective
marketing strategies, the organization has to first decide the customer segments
it wants to serve, the customer needs it wants to fulfill and establish the
price that the customers are willing to pay for its products and services.
Strategic marketing management is all about helping the organization develop a
unique identity in the market, grow its businesses geographically and serve the
customers better than the competitors. Strategic marketing is a continuous
process of developing marketing strategies taking into consideration the
constantly evolving trends in the business environment and by giving utmost
importance to customer satisfaction. It helps the organization to achieve
competitive advantage and sustain it over a longer period of time. One of the
important objectives of the organization is to strategically respond to the
opportunities and threats in the business environment, which can be successfully
achieved with the help of strategic marketing management.
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