How Does Strategic Marketing Help an Organisation?

Marketing is one of the most important tools of any organization. a good product gets a good response only if it is known to the customers. For every new product developed, the budget for R&D almost equals that of marketing. Strategic marketing is one of the latest techniques of marketing that involves a targeted approach towards maximizing product sales. The key features of strategic management include, primarily; identification of the target audience, followed by an analysis of the competitor, an assessment of the marketing message, and finally related marketing tactics. As part of management studies, there is a huge need for .