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Marketing management
Marketing management

... each group the tacit knowledge from the other group. • Make Sales and Marketing people physically close, so that they will interact more often and are more likely to work well together. • Encourage Sales and Marketing to share their experiences, ideas, and insights with each other ...
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Market segmentation

Market segmentation is a marketing strategy which involves dividing a broad target market into subsets of consumers, businesses, or countries who have, or are perceived to have, common needs, interests, and priorities, and then designing and implementing strategies to target them. Market segmentation strategies are generally used to identify and further define the target customers, and provide supporting data for marketing plan elements such as positioning to achieve certain marketing plan objectives. Businesses may develop product differentiation strategies, or an undifferentiated approach, involving specific products or product lines depending on the specific demand and attributes of the target segment.
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