{"id":103,"date":"2015-08-28T20:54:19","date_gmt":"2015-08-28T20:54:19","guid":{"rendered":"https:\/\/courses.candelalearning.com\/waymakerintromarketing1xmaster\/?post_type=chapter&#038;p=103"},"modified":"2024-05-13T20:11:23","modified_gmt":"2024-05-13T20:11:23","slug":"outcome-components-of-marketing-strategy","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/chapter\/outcome-components-of-marketing-strategy\/","title":{"raw":"Outcome: Marketing Strategy Mechanics","rendered":"Outcome: Marketing Strategy Mechanics"},"content":{"raw":"<h2>What you'll learn to do: explain the inputs and components of a marketing strategy<\/h2>\r\nThe company strategy and objectives provide direction for the whole company, but they don't specify how the company will get the most benefit from marketing resources and capabilities. That is the role of the marketing strategy. The marketing strategy defines how the company shapes its product, promotion, pricing, and distribution to provide unique value to its customers and to support the broader company goals.\r\n\r\nThroughout this course we will delve more deeply into the strategies, tools, and processes that a marketer uses, but this module emphasizes the planning process itself. How does the marketing function create an effective plan and execute it successfully? That planning process is the focus of this module.\r\n\r\nThe specific things you\u2019ll learn in this section include:\r\n<ul>\r\n \t<li>Identify the inputs to the marketing strategy<\/li>\r\n \t<li><span data-sheets-value=\"[null,2,&quot;Describe how a marketing strategy optimizes the marketing mix&quot;]\" data-sheets-userformat=\"[null,null,2112257,[null,0],null,null,null,null,null,null,null,4,0,null,[null,2,0],&quot;Calibri&quot;,12,null,null,null,null,null,null,null,[null,0,3,0,3]]\">Describe how a marketing strategy optimizes the marketing mix<\/span><\/li>\r\n \t<li>Discuss the role of budget, implementation, and evaluation in the marketing strategy<\/li>\r\n<\/ul>\r\n<h3>Learning Activities<\/h3>\r\nThe learning activities for this section include the following:\r\n<ul>\r\n \t<li>Reading: Creating the Marketing Strategy<\/li>\r\n \t<li>Reading: Optimizing the Marketing Mix<\/li>\r\n \t<li>Reading: Implementation and Budget<\/li>\r\n \t<li>Reading: Evaluating Marketing Results<\/li>\r\n \t<li>Self Check: Marketing Strategy Mechanics<\/li>\r\n<\/ul>","rendered":"<h2>What you&#8217;ll learn to do: explain the inputs and components of a marketing strategy<\/h2>\n<p>The company strategy and objectives provide direction for the whole company, but they don&#8217;t specify how the company will get the most benefit from marketing resources and capabilities. That is the role of the marketing strategy. The marketing strategy defines how the company shapes its product, promotion, pricing, and distribution to provide unique value to its customers and to support the broader company goals.<\/p>\n<p>Throughout this course we will delve more deeply into the strategies, tools, and processes that a marketer uses, but this module emphasizes the planning process itself. How does the marketing function create an effective plan and execute it successfully? That planning process is the focus of this module.<\/p>\n<p>The specific things you\u2019ll learn in this section include:<\/p>\n<ul>\n<li>Identify the inputs to the marketing strategy<\/li>\n<li><span data-sheets-value=\"[null,2,&quot;Describe how a marketing strategy optimizes the marketing mix&quot;]\" data-sheets-userformat=\"[null,null,2112257,[null,0],null,null,null,null,null,null,null,4,0,null,[null,2,0],&quot;Calibri&quot;,12,null,null,null,null,null,null,null,[null,0,3,0,3]]\">Describe how a marketing strategy optimizes the marketing mix<\/span><\/li>\n<li>Discuss the role of budget, implementation, and evaluation in the marketing strategy<\/li>\n<\/ul>\n<h3>Learning Activities<\/h3>\n<p>The learning activities for this section include the following:<\/p>\n<ul>\n<li>Reading: Creating the Marketing Strategy<\/li>\n<li>Reading: Optimizing the Marketing Mix<\/li>\n<li>Reading: Implementation and Budget<\/li>\n<li>Reading: Evaluating Marketing Results<\/li>\n<li>Self Check: Marketing Strategy Mechanics<\/li>\n<\/ul>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-103\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Outcome: Marketing Strategy Mechanics. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":20,"menu_order":8,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Outcome: Marketing Strategy Mechanics\",\"author\":\"\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"6941a6a1-b641-49fc-9100-7331f41cca9e","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-103","chapter","type-chapter","status-publish","hentry"],"part":91,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/pressbooks\/v2\/chapters\/103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/wp\/v2\/users\/20"}],"version-history":[{"count":12,"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/pressbooks\/v2\/chapters\/103\/revisions"}],"predecessor-version":[{"id":3875,"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/pressbooks\/v2\/chapters\/103\/revisions\/3875"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/pressbooks\/v2\/parts\/91"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/pressbooks\/v2\/chapters\/103\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/wp\/v2\/media?parent=103"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/pressbooks\/v2\/chapter-type?post=103"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/wp\/v2\/contributor?post=103"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/wp\/v2\/license?post=103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}