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A 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. A marketing strategy should be centered around the key concept that customer
satisfaction is the main goal.
techniques. Unless it pays due attention to its products and services and consumers'
techniques. Unless it pays due attention to its products and services and consumers'
selling. It is also concerned with anticipating the customers' future needs and wants,
which are often discovered through market research.
Therefore good marketing must be able to create a "proposition" or set of benefits for
the end customer that delivers value through products or services.
Two major factors of marketing are the recruitment of new customers (acquisition) and
the retention and expansion of relationships with existing customers (base
management). Once a marketer has converted the prospective buyer, base management
marketing takes over. The process for base management shifts the marketer to building
a relationship, nurturing the links, enhancing the benefits that sold the buyer in the first
place, and improving the product/service continuously to protect the business from
competitive encroachments.
For a marketing plan to be successful, the mix of the four "Ps" must reflect the wants
and desires of the consumers or Shoppers in the target market. Trying to convince a
market segment to buy something