Marketing Strategy in Gastronomy, Hospitality and Food Products
The Marketing Strategy
. marketing strategy refers to a business's overall plan of action to reach and persuade its target audience to buy its products or services.
It involves planning and executing activities aimed at achieving specific marketing objectives within a defined time frame. A well defined marketing strategy is vital to guide a company in its efforts to effectively promote and sell its products or services (or to develop NEW PRODUCTS / NEW SERVICES).
The key elements of a marketing strategy typically include:
1. Marketing Objectives (goal / purpose): setting specific and measurable goals that the business wishes to achieve.
2. Target market: identifying and understanding the specific audience or market segment that the business aims to reach with its products or services.
3. Competition analysis: evaluating the strengths and weaknesses of competitors and understanding the market conditions in which the company operates.
4. Unique selling proposition(USP): defining the unique qualities or characteristics that distinguish the company's products or services from those of competitors.
5. Marketing mix:
• Product: deciding on the features, design and functionality of the product or service.
• Price: determining the pricing strategy, taking into account factors such as cost, competition and perceived value.
• Inside: defining the distribution channels through which the product or service will be made available to customers.
• Promotion: planning promotional activities, including advertising, public relations and sales promotions.
6. Channels of distribution: choosing the most effective and efficient ways to deliver products or services to the target audience.
7. Marketing budget: allocation of financial resources to various marketing activities to ensure a balanced and effective campaign.
8. Performance metrics and records: defining key performance indicators (KPIs – Key Performance Indicators) and methods for measuring the success of marketing efforts.
A successful one marketing strategy it usually is dynamic and adaptable, taking into account changes in market conditions, consumer behavior and the competitive landscape. It serves as a road map for the company's marketing efforts, providing a framework for decision making and resource allocation.
A video with ideas for creating a successful Marketing Strategy plan
VIDEO – Marketing Strategy
key features of a successful Marketing Strategy plan
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Marketing and Branding Strategy in Gastronomy, Hospitality and Food Products
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See also:
Business Strategy & Marketing Strategy – key concepts of strategy through thematic modules, such as strategic environment analysis, corporate mission, strategy formulation, implementation and evaluation
Marketing strategy: What it is and why it's worth implementing – why Marketing Strategy is so important for the success of your business
Marketing Strategy in Social Networks – social media marketing – Social Media Marketing (SMM — Social Media Marketing) is a form of online, digital marketing (Digital Marketing) that uses social media applications as a marketing tool.
SOLUTIONS FOR HOTELS AND COMPANIES IN THE CATERING & NUTRITION SECTOR