Introduction
Strategic marketing deals with the 'big picture ' marketing planning. It analyzes how a company can best satisfy its customers and make a profit at it. Strategic marketing planning is directed from the top of the company and is extremely important in any for-profit organization. Several key principles govern strategic marketing.
Understand the Marketplace and Consumer A company must identify the sources of demand for its products and closely analyze the competitive landscape in which it wants the consumer to prefer its products over those of competitors.
The company must divide potential customers into segments and find ways to best satisfy them. Each segment may require a distinct marketing mix.
Deliver Value
While satisfying individual
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