Strategy creation What strategy is: the thinking, problem solving, planning how to achieve objective Identify target audience Examples of strategy 1. use only radio advertising with different music formats to reach target audience 2. Have monster trucks on site, for young male adults, allowing customers to ride in them 3. Have bikini or wet t-shirt contest and drawing for a free iphone. Create tactics What tactics are: the doing of the strategy. How you will accomplish the strategic objective Examples of tactics: Advertising on all radio stations the target customers [...]
Determine the objective Increase sales Improve image, ex. Envirotherm Increase public awareness, This People Magazine Case: Cherry Mazda Campaign Objective: Increase sales 15% and $250,000, 25 new cars Create the strategy-the planning to obtain the objective Determine the tactics-the doing part to achieve the objective
This week in Entrepreneurship we discuss making your company fun and enjoyable to do business with – focusing on streamlining the buying experience, customer service, and breaking down the purchasing barriers enabling customers to get in and out quickly. We pose these 4 questions: Â What is the current buying procedure that customers must go through when purchasing from me? How is this procedure perceived by the customer? How can this procedure be streamlined for the customer? How can this procedure be made more enjoyable for the customer?
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