Marketing strategy is a process that can allow an organization to concentrate its limited resources on the greatest opportunities to increase sales and achieve sustainable competitive advantage.
Marketing objectives - describes a company's goals, usually in terms of sales (units or dollars) or market share.
Financial objectives - describes a company's expected profits or revenue.
Positioning strategy - discusses how a company's products or services will be introduced to the marketplace and differentiated from the products or services of its competitors.
Product strategy - provides detailed information about a company's products or services, including potential future offerings.
Price strategy - explains how a company's products or services will be priced, considering internal and external factors that may affect supply and demand, etc.
Distribution strategy - describes where and how a company's products or services will be provided to customers.
Integrated marketing communications strategy - discusses how customers will be informed about a company's products or services.
Branding strategy - describes how a company's name, logo, slogan, design, etc. will be marketed so that it will be increasingly recognized by members of the company's target market.
Marketing research - describes the market research activities that will be conducted during the period for which the marketing plan is being written -- for example, consumer research, industry research, forecasting, competitive analysis, etc.
Engaging in SWOT Analysis is a great way to organize your thoughts about the research you uncovered on your company. Click here to review a quick yet comprehensive guide that explains how to engaeg in SWOT analysis and why it can be an effective strategic management analytical tool.