3.4. The Marketing Strategy
Marketing strategy was earlier in chapter one defined as the total sum of the
integration of segmentation, targeting, differentiation, and positioning
strategies designed to create, communicate, and deliver an offer to a target
market. In this regard, marketing strategy is operational zed as formulation
which consists of the segmentation, targeting, positioning and differentiation
sub strategies and implementation which consists of applying the common
marketing mix (4ps) in order to realize the aforementioned marketing
strategy formulation sub strategies. Hence, the details of marketing strategy
formulation and implementation are presented in the following paragraphs
respectively. This follows that marketing strategy, consisting of market
segmentation, targeting, positioning, and differentiation, is presented first.
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