Developing the Strategy
Because the processes involved in developing a sound marketing strategy were covered in detail previously in this chapter, this section contains only a brief mention of strategy in relation to the G-STIC framework. The strategy denotes the value that the company intends to create in a particular market and includes the company’s target market and its value proposition for this market.
The target market in which the company aims to create value is defined by five factors: customers whose needs will be fulfilled by the offering, competitors whose offerings aim to fulfill the same needs of the same target customers, collaborators that help the company meet the needs of target customers, the company managing the offering, ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access