"Strategic
direction is more important today. It's about providing a framework
for managers to navigate through the fog of complex choices. No company
can avoid this."
- C.K. Prahalad, Management Expert
Without a sound, well-considered strategy, a marketing plan has no
foundation. Strategies serve as the underpinning of marketing plans
designed to achieve specific objectives. A good marketing strategy
should integrate an organisation's marketing goals, policies, and
action sequences (tactics) into a cohesive whole. Its purpose should
be to provide a foundation from which a tactical plan is developed.
Read an interesting case study of a mid-sized gas manufacturing
firm.