Marketing Module 12

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

Being well prepared for any change

Company conditions and economies will shift rapidly. Tactics must be checked in good time to act in compliance with the criteria. You might argue that this is just part of versatility/ flexibility, but paying careful attention to this feature of tactical planning is critical in bringing the proposal to a positive conclusion.

Characteristics of Tactical Planning

Flexibility Communication between functions Being well prepared for any change

Importance of Tactical Marketing Process

For industry tactical planning is very relevant. This is not the same as operation planning and strategic planning. Short-term results are aimed at real-time and shorter timeframes. Tactical strategies carried out expertly way enable companies to succeed in their respective markets.

action plan

Once strategies and objectives have been established, they should be incorporated into an _________. The _________ is a linear sequence of campaign practices. This provides time scales for each task, defined roles or accountabilities for each operation, and associated budgets. It is also important to use two or more proposals to ensure efficient execution

Communication between functions

One functioning team will be aware of the other's operational strategy. For example, an improvement in the revenue target as an operational strategy of the sales team must be well conveyed to the production department. It would eliminate the issue of imbalances in demand and supply. Quantitative statistics must therefore be published to remove any sorts of contradictions.

tactics

Yet your company must not jump straight to the tactical part until you consider and work to ______ that can grow and maintain your company. You need to have a background plan available before you start thinking about ________ to achieve the plan.

Tactical plans

are typically flexible and have a lower chance of compromise than conventional plans.

Tactic arrangements

can be modified from time to time. As a result, they do less harm to the business than ambitious strategies, whether they have gone wrong.

Strategic plans

continue to inflict undoable damage to the company in the case of disaster.

Tactical Marketing process

determines the tools or methods for the execution of the techniques. It includes defining and executing particular tasks, time schedules, roles, and budgets. The goal is to ensure that the methods are applied carefully. Marketing Strategies Action Plans Marketing Activities Monitoring Control Activity Budgets Activity Time Tables

Flexibility

is a crucial aspect of operational strategy. This helps the organization to brace for unexpected incidents. The protocols should be adaptable to the relevant situations and circumstances of emergency faced by enterprises, such as demands, fluctuations in interest rates, economic slowdowns, inflation, and other market conditions. For example, if a corporation makes vehicles and implements a policy to raise its production rates over the coming year, a contingency plan for each manufacturing plant should be set over effect. Such contingency plans would be adequately tailored to risks such as service delays, personnel strikes, system glitches, power shortages, etc.

strategic marketing

is anticipating how things are going to be

Tactical Marketing

is not just a one-time process. It can be defined as a continuous collection of activities and evaluations. This is a continual cycle that needs to be changed based on the plans and the demands of the market. is a short-term strategy but one which helps you achieved the goals of long term strategy. is not just a one-time process. It can be defined as a continuous collection of activities and evaluations. This is a continual cycle that needs to be changed based on the plans and the demands of the market.

Tactical marketing process

is short term planning which takes into account the current operations of an organization. In this, you will be creating a strategic plan by outlining the general objectives. The term can be used for the planning of a few days, weeks, or months depending on the type of business model and pace of change required.

Social Media

is the most common tactic used in tactical marketing today competitions, giveaways, refer-a-friend services, and affiliate marketing. Since this is an evolving phase, based on the performance, you will still develop the tactics.

tactical marketing

is the short term strategies that you are trying to use to make it work as per strategy.

Tactical planning

is used by managers to fulfill the short term goals of an organization. These short term goals are further set by action plans which aim to achieve the long term strategic goals of the organization.

strategic marketing

means ideas,

tactical marketing

means the action of implementing the ideas.

Segmentation

plays a significant part in Tactical marketing. Through having the correct _________ and deliberately choosing the categories that you want to target based on your product/service features, you will create profiles of your consumers and determine precisely the most effective tactical marketing.


Kaugnay na mga set ng pag-aaral

Gardner's theory of multiple intelligences

View Set

1.6 Global Economy & Economic Interdependence:

View Set

Chapter 20: Pediatric Variations of Nursing Interventions

View Set

Chapter 4 Consciousness Practice questions & terms & review & quiz

View Set

Chapter 33 Life and Death of a Corporation

View Set

Chapter 4 Inquizitive: From Colonies to States

View Set