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This comprehensive framework outlines essential components of a successful marketing strategy. It focuses on key aspects including customers, competitors, costs, collaborators, and the organization's internal elements. The strategy emphasizes vital elements such as product/service differentiation, optimal pricing, distribution channels, promotional tactics, and effective customer acquisition and retention strategies. By understanding the external environment and aligning the marketing organization with cash flow management and shareholder value (SHV), businesses can enhance their market position and drive sustainable growth.
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Customers Competitors Costs Collaborators Company T S P (Segment) (Target) (Position) The Marketing Framework EXTERNAL ENVIRONMENT EXTERNAL ENVIRONMENT Product/Service Place/Channels Promotion Price Customer Acquisition Customer Retention Marketing Implementation Marketing Organization Cash Flow and SHV