AN ANALYSIS OF MARKETING STRATEGY AND ITS IMPACT ON QUALITY OF PRODUCT

Authors

  • Ritu Shrivas Guest Lecturer, UIM,RDVV,Jabalpur MP

Keywords:

Competitor, Economy, Enterprise

Abstract

In recent years, market competition in the market economy is fierce, the different economic performances and behaviors based on the enterprises’ own interests, to enhance their own economic strength and to achieve the exclusion of similar economic agents. Competition in the IT market is to drive their own material interests, because of the inherent dynamic of all economic actors, as well as the loss of their material interests are similar in the market by crowding out of economic actors. Competitive marketing strategies are strongest either when they position a firm's strengths against competitors' weaknesses or choose positions that pose no threat to competitors. As such, they require that the strategist be as knowledgeable about competitors' strengths and weaknesses as about customers' needs or the firm's own capabilities. What does it really mean to market your service or product? Often, people immediately equate marketing with advertising and see only the amount of money that advertising will cost. However, by definition, marketing is actually the process by which we offer goods or services up for sale. Forward-thinking marketing strategists suggest that marketing is not a ―cost‖ or ―expense‖ but rather an investment, because much of the benefit of marketing is longer-term and may take years to fully provide its benefit. This research article focus impact of marketing strategy on quality of product and market.

References

Reference

Porter, Michael. ―Competition Shapes Strategy.‖ Harvard Business Review (March–April 1979).

―What Is Strategy?‖ Harvard Business Review (November–December 1996).

Secker, Russell. ―10 Key Sources of Competitive Data.‖ SCIP.online 1, no. 14 (August 22, 2002). www.scip.org.

Stauffer, David. The Power of Competitive Intelligence. Cambridge: Harvard Business School Publishing, 2003.

Vessenes, Peter. ―Cash Is King, but Marketing Is Everything.‖ Journal of Financial Planning 16, no. 12 (December 1, 2003).

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Published

2014-05-31

Issue

Section

Articles