Strategic Marketing Management

In the present competitive business environment, organizations that develop and implement effective marketing strategies can create more value for their customers. An effective marketing strategy provides direction, improves the brand image, helps in developing the right goals and enhances the overall performance of an organization. For developing effective marketing strategies, the organization has to first decide the customer segments it wants to serve, the customer needs it wants to fulfill and establish the price that the customers are willing to pay for its products and services.

Strategic marketing management is all about helping the organization develop a unique identity in the market, grow its businesses geographically and serve the customers better than the competitors. Strategic marketing is a continuous process of developing marketing strategies taking into consideration the constantly evolving trends in the business environment and by giving utmost importance to customer satisfaction. It helps the organization to achieve competitive advantage and sustain it over a longer period of time.