Monday, May 17, 2021
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Advantages and Disadvantages of a Marketing strategy

All companies, big and small, should have a marketing plan. It is important to plan where you want to go and HOW to get there. The marketing plan is considered as the channel that connects the company to its market. You need to identify the goals you want to achieve and then determine how you will get there. There is no perfect course, but the marketing plan can predict and avoid several mistakes.

It defines the organization’s vision to enable the company to look forward with a dynamic, market and customer-driven process. The marketing plan is a kind of instruction manual that provides step-by-step instructions for achieving your goals. It can also serve as a motivator for employees who enjoy working for a company that has plans for the future and has a plan to achieve them.

Other benefits of the marketing plan

Find a clear direction to acquire and keep customers
Achieving the goals set
Contribute to the positioning of the brand
Make better strategic use of the brand
Sell ​​your products and services more easily
Identify the problems and uncertainties associated with the actions to be taken
Take advantage of opportunities
Coordinate communication between departments

Marketing decisions have a long-term effect on a company’s efficiency and profitability within its market. For these reasons, marketing planning requires thought, creativity and foresight. It is essential to the success of your business.

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