Strategic marketing management
Overview
The environment in which an organisation operates can place constraints on its marketing activities. To operate effectively, we need to be aware of the constraints that exist in both the internal and external environments of the organisation.
After examining the controllable and uncontrollable factors in each of the environments we will study the three key stages of the strategic marketing management process ¾ planning, implementation and evaluation/control. Since planning involves an analysis of the environmental factors, we will then move into the outcome of that analysis which is the strategies that will guide our marketing activities.
Topics
The following is the outline of the topics covered in this Chapter.
- 2.1 Introduction
- 2.2 The environments
- 2.3 Controllable factors
- 2.4 The strategic marketing management process
- 2.5 Types of marketing strategies
- 2.6 Summary
Learning outcomes
The learning objectives for this chapter have been carefully constructed to reflect the most significant concepts and ideas we are going to cover, and to provide a focus for your work during the chapter. After completing this chapter you should be able to:
- distinguish between controllable and uncontrollable factors in an organisation's marketing activities
- analyse the influence of different environments on marketing decisions
- discuss the importance of defining an organisation's mission and objectives
- explain what is involved in the strategic marketing management process
- identify the benefits of planning for marketing
- understand the role of different analytical tools and models in planning for marketing.