"If you know the enemy and know yourself, your victory will not stand in doubt; if you know Heaven and Earth, you may make victory complete. Thus, what makes the wise sovereign and the good general strike, conquer and achieve things beyond the reach of ordinary men, is FOREKNOWLEDGE.” The Art of War, Sun Tzu, 514 B.C.
The word strategy is probably one of the most over-used words in business and yet the majority of companies and business managers skip over the most important elements of building an effective business plan.
At Omneluxe, we consider strategy the pre-requisite for all marketing related decisions. This involves researching the market place, competitors and your own company's capabilities; building segmentation grids, choosing a target audience and then defining your company's position. Only then do we move onto the tactics of marketing.
"Sally-Ann spent 6 months with our business, analysing our customer base, products and ultimately defining our market. Her observations were detailed and evidence backed. The final report was well presented and provided a good mix of the things you don't want to hear and some surprising new ideas. Her work has provided the basis for future recruitment and a focus on how to increase sales across all channels. I would recommend her to anyone that is trying to more clearly define their sales and marketing strategy."
Strategy starts with research of your customers, competitors and company capabilities. Only by understanding everything within your environment can you be effective.
Building your own segmentation based on your own data allows you to understand the value of the market, your share within it and the opportunity for growth.
Taking into consideration financial and human restraints, company capabilities and competitor strengths, choosing what NOT to do is as important as choosing where to focus.
Tight articulation, focused on customer needs, company capabilities and competitor weaknesses. This is what your customer says about you when you are not in the room!
We use research data to build a funnel appropriate to your company and your customers experience. From here we make recommendations to improve conversion rates.
Having completed each of the strategic steps beforehand, set your company objectives and then calculate how much money it will require to achieve those goals.
Contact us to learn more about our business and marketing strategy services.
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