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Developing a Marketing Strategy: Key Stages

After the marketing specialist has identifid the goal of the strategy, its type, the company’s needs, and has decided on the structure of the document, it is time to begin its actual creation.

The best option is to divide the entire strategy into specific blocks or stages, each of which will be consistently connectd to each other. If the strategy is develope inconsistently, there is a chance of accidentally leaving out important details or drawing erroneous conclusions from the analysis, for example, of the target audience.

That is why a marketing strategy is usually a single, complete mechanism consisting of 4 blocks. Each of them is aimed at its own task. The stages of creating a marketing strategy are as follows:

Step 1: Marketing Strategy Analysis

Step one is to prepare information, materials, and a physician database theoretical basis for further decision-making and planning. At this stage, it is important to first examine the external and internal environment of the company, its competitors, and the market as a whole.

To create a truly working marketing strategy or marketing plan, you initially need to:

  • study your target audience well;
  • analyze external conditions: political always have your binoculars situation, tendencies, trends, level of technology;
  • analyze the nature, characteristics and volume of the market;
  • study competitors;
  • understand which promotion channels are best to use;
  • understand how to create your own unique selling proposition, for example, for a foreign or Russian market.

To obtain this information, marketers usually resort to research. As part of creating a strategy, it is important to conduct surveys, questionnaires, and now they use various analytical tools. For example:

Step 2: Planning, choosing a strategy

Based on the data obtained, specialists form a general idea anhui mobile phone number list of ​​what place the company occupies in the market and what needs to be achieved, taking into account the goals and objectives. After this, you can proceed to the direct creation of a general strategy.

In the process of forming a strategy, a marketer:

  • sets out the company’s global and intermediate goals;
  • sets prices and determines the pricing policy for the company’s goods and services;
  • determines product positioning.
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