In the Harvard Business Review article, When Marketing is Strategy, author Professor Niraj Dawar makes the case for moving marketing strategy downstream towards the customers. He points out that downstream competitive advantage comes from outside of the company, from the customers and other external stakeholders.
How do you explain a marketing strategy?
A marketing strategy refers to a business's overall game plan for reaching prospective consumers and turning them into customers of their products or services. A marketing strategy contains the company's value proposition, key brand messaging, data on target customer demographics, and other high-level elements.
How do you write a marketing strategy summary?
What to include in a marketing plan executive summary
- Introduction. ...
- Description of your company and team. ...
- Description of market factors and trends. ...
- Description of products or services being marketed. ...
- Description of your customer base and related marketing activities. ...
- Summary of financial planning and projections.