Transcription of Marketing Strategy 2
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Marketing Strategy 2
41 CHAPTER2 Marketing StrategyLearning ObjectivesLearning ObjectivesAfter reading this chapter, you should be able to: Understand the scope of strategic Marketing planning Identify broad organizational market Strategy alternatives Describe the value of alternative portfolio models Appreciate the factors that affect the level of competitive intensity within an industry Understand the essential components of Marketing Strategy formulationnStrategic Planning ProcessIn order to respond to the opportunities and challenges of the marketplace, most or-ganizations engage in a process of strategic planning.
46 CHAPTER 2 Marketing Strategy Situational Assessment The situational assessment is an analysis of the or ganization’s environment and of the organization itself. This process is referred to as the SWOT analysis(so named be- cause it examines the Strengths and Weaknesses of the organization, as well as the
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