The strategic planning process

 

1) Define and explain each of the following tools/concepts below.

 

The strategic planning process
S.W.O.T
Market Segmenting
Target Marketing
Product Positioning
Offerings: —product, price, and service.

Sample Solution

The strategic planning process

Strategic planning is a management activity often used by business to better focus their energy, establish priorities, and strengthen operations to achieve targeted goals. Employers, employees, and stakeholders in a company all play a pivotal role in the strategic planning process. A strategic planning process is designed to drive businesses in the right direction and promote the exchange of useful ideas between people with similar goals. SWOT analysis is a strategic planning technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning. SWOT stands for strength, weaknesses, opportunities, and threats, and so a SWOT analysis is a technique for assessing these four aspects of your business.

me scholars like Sherry highlighted that the advertising is a cultural document, a way of presenting and apprehending the world. Each and every advertisement is included in cultural shadow and let the readers to negotiate and share the cultural subject matter. Symbols are artistic and man-made. These symbols constructed the world and made the network of social relations in much the same way as religion, science and arts. Science and arts construct the scientific and aesthetic world. Symbolic action and symbolic interaction gratify in the social stream to construct the shadows of the distinctive behaviours of human.
The symbolic and iconic conversation and conventions in the advertisements moves its audience via ritualized enactments by the properties of experiences the cultural esteems . This repetitive ritual will help to maintain the culture by reducing the variance in the cultural behaviour and probably help to lead the cultural perceptions to become natural perceptions. Advertisements construct the definitive reality in the viewpoint. This make the product therapy (Henry 1959) in the competitive marketing world, communicate powerfully and leads to the over consumption world.
In addition, by the transmission model of communication, the source (sender, communicator) relays an information, encodes it using the language or image code and sends it through a transmitter using a certain channel (route, medium) to a receiver (recipient). The receiver gets the encrypted message via a particular receiver and deciphers it. The content is then prepared to interpretation – such interpretation relies also on the amount of communication noise. The mode by which the recipient reacts is called feedback. Advertising communication has the following features: the communicator is the author of the ad, the recipient is the receiver and the conveyed message is marketable material that targets to realize the ad objective, since all communication will be classed as being productive when there is a feedback.
Each advertising sign has its own shape – whether it is big, small, rounded or angular –

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