Preview

dabur india

Powerful Essays
Open Document
Open Document
21297 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
dabur india
JUN
11

Marketing Strategy Of Dabur India Ltd

MARKETING STRATERY
Marketing strategy is a process that can allow an organization to concentrate its limited resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage.
Marketing strategy consists of the analysis, strategy development, and implementation activities in: “Developing a vision about the market(s) of interest to the organization, selecting market target strategies, setting objectives, and developing, implementing, and managing the marketing program positioning strategies designed to meet the value requirements of the customers in each market target”.
Strategic marketing is a market-driven process of strategy development, taking into account a constantly changing business environment and the need to deliver superior customer value. The focus of strategic marketing is on organizational performance rather than a primary concern about increasing sales. Marketing strategy seeks to deliver superior customer value by combining the customer-influencing strategies of the business into a coordinated set of market-driven actions. Strategic marketing links the organization with the environment and views marketing as a responsibility of the entire business rather than a specialized function.
Because of marketing’s boundary orientation between the organization and its customers, channel members, and competition, marketing processes are central to the business strategy planning process. Strategic marketing provides the expertise for environmental monitoring, for deciding what customer groups to serve, for guiding product specifications, and for choosing which competitors to position against. Successfully integrating cross-functional strategies is critical to providing superior customer value. Customer value requirements must be transformed into product design and production guidelines. Success in achieving high-quality goods and services require finding out

You May Also Find These Documents Helpful

  • Good Essays

    Firstly, a marketing strategy is a plan that is used in the long term to achieve a business or organisations objectives. Furthermore, a marketing strategy may also be defined as a plan designed to meet marketing objectives. For example, a company may set the following marketing objective: “To be able to satisfy customers through our products.” The next step is the planning procedure otherwise known as the marketing strategy used to meet the business or organisations objectives. It is important that the terms: “marketing strategy” and “marketing technique” are understood clearly. Likewise, the term “marketing technique” may be defined as an overall plan designed to meet the needs and requirements of customers. A business should ensure…

    • 850 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Mkt 421 W2 Marketing Mix

    • 1487 Words
    • 6 Pages

    A marketing strategy is the combination of the target market, or the customers the marketing is intended to reach, and the marketing mix. Product, price, place, and promotion are components of the marketing mix, or the four p’s, which create a value for the customer (Perreault, Cannon, & McCarthy, 2009). For this reason, the customer, who is not part of the marketing mix, is the center of the target, surrounded by the elements of the marketing mix. The ultimate goal of a marketing strategy is to create value for the customer, which allows the organization to increase customer satisfaction and results in repeat customers and additional equity for the organization (Armstrong & Kotler, 2009).…

    • 1487 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Strategic marketing is the management of the processes for creating, communicating and set of goals that enable products and services to reach the customer profitably.(source)…

    • 1045 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Mark2051 Notes

    • 4723 Words
    • 19 Pages

    What is marketing strategy? The process of matching the organisation’s strengths to the customer needs, with the aim of achieving a competitive advantage in the market. The combination of product, price, distribution and promotion most suited to a particular group of consumers. • Goal: the create a sustainable competitive advantage in the market • All the elements of the marketing strategy that lead to the development of the competitive advantage require good understanding of consumer behaviour Marketing strategy process: • 1. Segment: understand consumers a. Determine the dimensions (age, geography, subculture) b. Determine the heterogeneity c. Define the needs & goals 2. Target: choose consumers a. Evaluate each segment in relation to organisational strengths and weaknesses b. Choose the segment with the highest potential for strategic match (organisation strength – customer needs) 3. Position: offer utility differentiate prevent copy a. Designing the company’s offering and image so they occupy a meaningful and distinct competitive position in the target customer’s minds Marketing Levers…

    • 4723 Words
    • 19 Pages
    Good Essays
  • Powerful Essays

    Unit 3 P1

    • 1803 Words
    • 8 Pages

    A marketing strategy is a detailed plan of the marketing initiatives that a business intends to conduct during a set period of time. When supported by a constant system of evaluation, a marketing strategy will help a business to determine areas that need to be focused or which methods work best. In this information booklet I will be discussing the marketing strategies Tesco and Coca-Cola use to benefit their business.…

    • 1803 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Toyota Prius Case Study

    • 916 Words
    • 4 Pages

    The marketing strategy specifies the target market that the producer is trying to target for their product and also a related marketing mix. When Toyota was designing the Prius its ideal market to target were leading edge buyers of the technological generation.…

    • 916 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    A marketing strategy stands as the foundation of an organizations success. It should be a dynamic and interactive process that if utilized effectively can allow an organization to focus its resources on the most obtainable opportunities. A good marketing strategy has several key components. These components all lead to accomplishing goals, increasing sales, and grasping a sustainable advantage over competitors. Marketing strategies includes basic and long-term goals in the field of marketing that deal with the analysis of consumers, competitors, and…

    • 2331 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    A solid marketing strategy provides a roadmap to creating and delivering true value to distinct groups of customers. All successful marketing strategies must begin and end with the customer, they cannot be an afterthought or taken as a given, so marketers must test their assumptions about their customers constantly. These are the thing that goes into a marketing strategy. A cohesive combination of: Targeting—to whom are you going to market your products and services? Positioning—how are you going to differentiate yourself from competitors? Product/Service Attributes—what attributes/features will the product/service have? Marketing Communications—how are you going to reach the target and with what message? Pricing—what price will you charge the target? Distribution—what channels will you use to sell the product or service? Customer Service—how will you manage additional customer needs? Of these components, targeting and positioning are the two most critical elements (Burgemeister, 2003).…

    • 2128 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    Boost Juice

    • 3016 Words
    • 10 Pages

    The marketing strategy (Lusch, 1987) is collected from market research and product mix, in order to maximize the largest profit and maintain the stability of the business. The marketing strategy is basic cornerstone of a marketing plan. The marketing plan (Lusch, 1987) focuses on the idea of innovation by using brand new marketing mix to target the potential customers in the…

    • 3016 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Due to adapting to the changeable environment, companies and organizations will formulate their strategies that suit with their current competence and marketplace and maintain them. Therefore, to realize 'what strategic marketing planning is' is necessary.…

    • 4152 Words
    • 17 Pages
    Powerful Essays
  • Better Essays

    Marketing Research Paper

    • 1153 Words
    • 5 Pages

    Marketing strategy and tactics helps an organization choose needs and wants to what is best for an organization to succeed. Marketing research is a vital tool to management of any organization. The marketing research helps the management team to set up plans to measure the growth of the company progress, ensuring the goods and services are available when the customer is in need of the product. Marketing strategy helps an organization to decide on what is the best direction an organization can go to improving tactics that will bring in new customers as well as continuing to services the old customer. Kudler Fine Foods strategy is the continual of improvement in the product that the company carries.…

    • 1153 Words
    • 5 Pages
    Better Essays
  • Best Essays

    Marketing strategy is the strategies that implemented in a venture to observe the company’s mission and overall operations. Through marketing strategy, there will be clear goals for the company to achieve. By understanding marketing mix strategy, the marketers can create demands and influence the customers with their own products by studying through 4P (Price, Product, Promotion, and Place)…

    • 3316 Words
    • 14 Pages
    Best Essays
  • Powerful Essays

    Mktg4 Chap 2

    • 9809 Words
    • 40 Pages

    Strategic marketing planning is the basis for all marketing strategies and decisions By specifying objectives and defining the actions required to attain them, a marketing plan provides the basis on which actual and expected performance can be compared. Although there is no set formula or a single correct outline, a marketing plan should include elements such as stating the business mission, setting objectives, performing a situation analysis of internal and external environmental forces, selecting target market(s), delineating a marketing mix (product, place, promotion, and price), and establishing ways to implement, evaluate, and control the plan.…

    • 9809 Words
    • 40 Pages
    Powerful Essays
  • Satisfactory Essays

    Assignment on Toyota Car

    • 638 Words
    • 3 Pages

    A strategy consists of a well thought out series of tactics to make a marketing plan more effective. Marketing strategies serve as the fundamental underpinning of marketing plans designed to fill market needs and reach marketing objectives.…

    • 638 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Marketing Mix Analysis

    • 1908 Words
    • 8 Pages

    Marketing strategies serve as the fundamental underpinning of marketing plans designed to reach marketing objectives. It is important that these objectives have measurable results. They are also influenced by a range of microenvironmental factors. Marketing strategies are dynamic and interactive. They are partially planned and partially unplanned.…

    • 1908 Words
    • 8 Pages
    Good Essays

Related Topics