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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.

chosen environment and guides the allocation of resources and efforts.1 The strate-gic planning process is shown in FIGURE 2-1 as comprising four steps. It is within the context of this strategic plan that the functional areas of marketing, finance, human

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