CASE
STUDIES
The
Importance of Strategy
An effective marketing strategy is essential for long-term
growth and profitability. It is the roadmap for success that positions
a company competitively in the marketplace, drives short-term marketing
tactics, and establishes performance benchmarks.
Richmark's
Approach for Strategy Development
Richmark's
approach starts with an in-depth understanding of the marketplace and
then integrates several other elements to develop an effective strategy
with supporting tactics. Specifically this approach consists of several
elements:
- An
in-depth understanding of marketplace dynamics, i.e., end users, channels,
competitors, and trends
- Quantitative
analysis of the marketplace, growth opportunities, and financial implications
for the client
- Application
of relevant marketing concepts and experiences
- Integration
of the client's objectives, resources, and constraints
The
Deliverables
The key deliverables of this market-based analysis are:
- An
understanding of the key success requirements for each market segment
- An
evaluation and prioritization of growth opportunities
- An
effective strategy that touches on all critical components of the
marketing mix
- And
a strategy that re-positions the company and provides a new direction
OR one that confirms/modifies an existing, but sound, strategy
Because
of the market-based nature of the strategy development, we also develop
comprehensive tactical plans for implementation of the various strategic
recommendations. This often leads to our providing implementation assistance
on these new directions for our clients.
The
Richmark Group 800-889-2128