Strategic marketing planning is critical for the success of small and medium-sized enterprises (SMEs) as it helps them identify and capitalise on market opportunities. However, many SMEs struggle to develop and implement a strategic marketing plan due to limited resources, lack of expertise, and unclear goals. This paper explores the importance of strategic marketing planning in SMEs and provides practical insights on how to develop an effective marketing strategy. The paper highlights the key elements of a strategic marketing plan, including market analysis, segmentation, targeting, positioning, and the marketing mix. It also discusses the challenges faced by SMEs in implementing a strategic marketing plan and provides recommendations on how to overcome them. Ultimately, this paper emphasises the need for SMEs to prioritise strategic marketing planning as a means of driving growth, building customer loyalty, and achieving a competitive advantage.

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Strategic Marketing Planning in Small and Medium-Sized Enterprises (SMEs)

  • Emelia Amoako Asiedu,
  • Priscilla Ntriwaa Otuo,
  • Theresa Obuobisa-Darko,
  • Ivy Adjei Nketiah

摘要

Strategic marketing planning is critical for the success of small and medium-sized enterprises (SMEs) as it helps them identify and capitalise on market opportunities. However, many SMEs struggle to develop and implement a strategic marketing plan due to limited resources, lack of expertise, and unclear goals. This paper explores the importance of strategic marketing planning in SMEs and provides practical insights on how to develop an effective marketing strategy. The paper highlights the key elements of a strategic marketing plan, including market analysis, segmentation, targeting, positioning, and the marketing mix. It also discusses the challenges faced by SMEs in implementing a strategic marketing plan and provides recommendations on how to overcome them. Ultimately, this paper emphasises the need for SMEs to prioritise strategic marketing planning as a means of driving growth, building customer loyalty, and achieving a competitive advantage.