Marketing-
strategy

Marketing strategy – your guide through the market jungle. Discover the building blocks that turn ideas into brand success.

Marketingstrategie

Basics of the marketing strategy

Definition of marketing strategy

A marketing strategy is a comprehensive plan that is developed based on an in-depth analysis of the market, the competition and the company’s own resources. It is used to position a brand or product in the market and create competitive advantages in order to ultimately achieve the company’s goals, particularly in terms of sales and growth.

Objectives of a marketing strategy:

The core objectives include increasing brand awareness, acquiring new customers, retaining customers, expanding market share and promoting customer loyalty. Objectives should be specific, measurable, achievable, relevant and time-bound.

Development and components

Components of a marketing strategy:

The main components include market segmentation, determining the target group, positioning the brand or product and designing the marketing mix.

Development of a marketing strategy:

The process begins with a comprehensive market and competitive analysis, followed by an internal assessment of the company’s strengths and weaknesses. Based on this, strategic goals are set and appropriate measures are defined to achieve these goals.

Market understanding

Market segmentation:

The division of the overall market into smaller, homogeneous groups of consumers in order to be able to design customized marketing activities more efficiently:

Target group analysis and targeting:

Targeting specific segments that are most likely to respond to the marketing messages and value the product or service due to their characteristics and needs.

Positioning and branding

Positioning:

Creating a unique position in the minds of the target group so that the product or service is perceived as an attractive choice over competing offers.

Brand Management:

The ongoing management of the brand in order to maintain and increase its value and presence in the market. A strong brand creates trust and loyalty among customers.

The marketing mix

Marketing mix (The 4 Ps):

  • Product: Development of a product or service that meets the needs and wishes of the target group.
  • Price: Determining a pricing strategy that creates value for the customer and is profitable for the company at the same time.
  • Placement: Decisions about how and where the product is sold to ensure maximum accessibility and convenience for the target group.
  • Promotion: The selection and implementation of advertising and communication strategies to inform, convince and remind the target group of the product.

Digital transformation in marketing

Digital marketing: The integration of digital channels such as search engines, social media, email and websites into the marketing strategy to reach a wide range of customers across different platforms.

Content marketing: The creation and sharing of useful, relevant content to attract, engage and excite an audience with the aim of driving profitable customer action.

Social media marketing: The use of social networks to create brand awareness, build customer relationships and receive direct feedback from consumers.

Performance tracking and customization

Analysis and KPIs in marketing: Monitoring specific key figures to measure the success of the marketing strategy and gain insights for future optimization.

Adaptation and flexibility in marketing strategies: The ability to quickly adapt marketing strategies in the face of market changes, customer feedback and technological developments.

Ethics and global perspective

Sustainability in marketing: The inclusion of ecological and social considerations in the marketing strategy in order to create long-term value for customers and society.

Global marketing strategies: The development of marketing approaches that are effective not only locally, but also in international markets, taking into account cultural as well as local characteristics.

Ethics in marketing: Maintaining high ethical standards in all aspects of marketing to gain and maintain consumer trust.

Together, these aspects form the framework for a comprehensive and effective marketing strategy that companies can use to strengthen their market position and secure sustainable growth.