What are the three steps involved in the planning phase of the strategic marketing process?

This is the phase in which the goals are set and actions defined for achieving the goals. It consists of three steps. Three Steps of the Planning Phase. The three steps of the planning phase include situation (SWOT) analysis, market-product focus and goal setting, and marketing program.

three steps in the planning phase of the strategic marketing process: (1) situation (SWOT) analysis, (2) market-product focus and goal setting, and (3) the marketing program.

What is planning phase in strategic marketing process?

Planning Phase

The first stage of strategic marketing is the planning phase. It’s the most critical step, as it is the basis of your efforts. You’ll want to identify your business purpose, needs, and the goals and objectives you want to accomplish, as the entire process will help you achieve them.

What are the 3 components of a marketing plan?

  • Messages that potential customers find relevant and timely. …
  • Measurable vehicles for disseminating those messages. …
  • Methods that easily and profitably convert prospects into customers.

Phase 3: Marketing Strategy

Define current and desired behaviors for each audience segment. Describe the benefits you will offer. Write your behavior change goal(s). Select the intervention(s) you will develop for your program.

What is a planning phase?

The planning phase is when the project plans are documented, the project deliverables and requirements are defined, and the project schedule is created. It involves creating a set of plans to help guide your team through the implementation and closure phases of the project.

What are the four phases of strategic marketing planning?

Tip. The four phases of strategic management are formulation, implementation, evaluation and modification.

What are the 3 objectives of marketing?

Principles & Objectives of Marketing

Businesses need marketing to help capture market share, introduce customers to new products and to drive sales.

  1. Step 1: Define Your Audience. …
  2. Step 2: Identify Evaluation Measures. …
  3. Step 3: Identify Channels. …
  4. Step 4: Identify Benefits. …
  5. Step 5: Identify Obstacles. …
  6. Step 6: Determine the Message. …
  7. Step 7: Test and Refine. …
  8. Step 8: Collect Data.

This process consists of five general stages, each of which involves several different types of activities: 1) Planning; 2) Message and materials development; 3) Pretesting; 4) Implementation; and 5) Evaluation and feedback.

What are the three primary planning phase activities?

The three primary activities involved in the planning phase are as follows: Identification of the system for development. Feasibility assessment. Creation of project plan.

What is the first step in planning process?

Establishing Objectives:

Establishing the objectives is the first step in planning. Plans are prepared with a view to achieve certain goals. Hence, establishing the objectives is an important step in the process of planning. Plans should reflect the enterprise’s objectives.

Social marketing can be applied in three steps – Co-create, Build, Engage – (C-B-E). In this three step process social marketing programs are co-created with all people involved. … During the engagement stage social marketers focus their effort on: Ensuring people are aware that the program is available.

What are the 5 steps in the planning process?

  1. Step 1 – Establish Your Objectives. …
  2. Step 2 – Determine Your Investment Style. …
  3. Step 3 – Evaluate Investments. …
  4. Step 4 – Choose an Appropriate Investment Plan. …
  5. Step 5 – Execute and Periodically Examine the Plan.

What is strategic marketing management?

Strategic marketing management is the process of implementing your business’ mission through specific and strategic processes in order to maximize your current marketing plan. Essentially, it is the act of making strategic decisions within a marketing plan in order to better that plan.

What are the main objectives of the marketing planning?

The purpose of a marketing plan is to have a defined path to go to obtain new customers, strengthen relationships with current customers and clients, increase sales, improve retention and increase brand awareness.

Defining and understanding: the problem, your goals, your target audience, and what they think about the problem. Define the problem. This is the first step of your social marketing campaign.

  • Identify your goals. …
  • Choose the best platform(s) for your audience. …
  • Create a schedule. …
  • Engage with your audience. …
  • Track the right metrics. …
  • Adapt, learn and grow.

What are the 4 P’s of marketing?

The 4Ps of marketing is a model for enhancing the components of your “marketing mix” – the way in which you take a new product or service to market. It helps you to define your marketing options in terms of price, product, promotion, and place so that your offering meets a specific customer need or demand.

Audience Segmentation in Social Marketing

Following a robust analysis of the data collected from both quantitative and qualitative research, the final step before developing campaign messages and design elements is to segment the audience. Social marketing often fails because the audience is too broad.

There are two types of social marketing: Operational social marketing and strategic social marketing. Operational social marketing is used to change behavior, whereas strategic social marketing is used to form new policies and development strategies.

What is your marketing plan?

The marketing plan details the strategy that a company will use to market its products to customers. The plan identifies the target market, the value proposition of the brand or the product, the campaigns to be initiated, and the metrics to be used to assess the effectiveness of marketing initiatives.

What is a holistic marketing strategy?

Holistic marketing refers to a marketing strategy that considers the whole of a business and all the different marketing channels as a system. Under this strategy, a business with different departments comes together in synergy in pursuit of a conscious mission, great customer experience, and a positive brand image.

What are the three steps of phase?

  • The Project Life Cycle (Phases) The project manager and project team have one shared goal: to carry out the work of the project for the purpose of meeting the project’s objectives. …
  • Initiation Phase. …
  • Planning Phase. …
  • Implementation (Execution) Phase. …
  • Closing Phase.

What are the 4 stages of the project life cycle?

This project management process generally includes four phases: initiating, planning, executing, and closing. Some may also include a fifth “monitoring and controlling” phase between the executing and closing stages.

What is strategic planning?

Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization’s …

What are the steps of the strategic management process?

The five stages of the process are: setting goals or objectives, analysis, strategy formation, strategy implementation, and strategy monitoring.

Which step of the planning phase of the strategic marketing process involves?

three steps in the planning phase of the strategic marketing process: (1) situation (SWOT) analysis, (2) market-product focus and goal setting, and (3) the marketing program.

What are the steps involved in marketing planning process?

Here are the six steps of the marketing process:.
Clarify the mission, vision and objectives. ... .
Develop a positioning strategy. ... .
Create a marketing plan. ... .
Determine which marketing strategies to use. ... .
Implement the marketing plan. ... .
Evaluate results and realign as necessary..

What are the 3 components of a marketing plan?

With that in mind, a "brilliant marketing plan" will have these three components:.
Messages that potential customers find relevant and timely. ... .
Measurable vehicles for disseminating those messages. ... .
Methods that easily and profitably convert prospects into customers..

What are the 3 basic marketing strategies?

There are three ways to compete--product, service, and price. That's it!.
Product strategy. This lever is about what is being delivered to the marketplace and consumed by the customer. ... .
Service strategy. ... .
Pricing strategy..