Marketing planning involves objectives and plans with a 2-5 year time horizon and is thus further from day-to-day activity of implementation.
Marketing Planning
Marketing planning involves
objectives and plans with a 2-5 year time horizon and is thus further from
day-to-day activity of implementation. Because of their broader nature and
longer-term impact, plans are typically developed by a combination of
higher-level line managers and staff specialists. If the specialists take over
the process, it loses the commitment and expertise of the line managers who are
responsible for carrying out the plan. The planning process is probably more
important than the final planning document. The process ensures that a
realistic, sensible, consistent document is produced and leads to important
organizational learning and development in its own right.
In accordance with the strategy
chosen, a long term plan of financing the project of expansion or
diversification with details of acquisition of machinery and equipment,
searching and choosing sources of materials, recruiting and training of human
resources, on operational side and on the marketing side the development of
four Ps, for a product or product line.
Tags : MARKETING MANAGEMENT - Marketing Process
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