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Transcript
Selecting a Marketing Strategy Before determining its marketing strategy the firm ought to consider: Overall company objectives. Marketing strategy needs to fit in with the direction the company wishes to go. The firm’s position and the state of the market. A SWOT analysis is a useful tool. What resources are available. There is no perfect marketing strategy. The key is that the firm develops its strengths and tries to eliminate its weaknesses (whilst still taking account of opportunities and threats which may arise). In short, the marketing strategy should match a firm’s internal strengths and external market opportunities. It must also be S.M.A.R.T.
