"Richmark performs
a comprehensive
market-based analysis
to develop a strategy that will effectively and
efficiently utilize a
company's resources
and market position
to increase
long-term growth
and profitability"



 

 

 

Strategic Direction
 

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

copyright © 2006 Richmark