What is necessary for this strategic process

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For many firms, segmenting, targeting, and positioning are essential aspects of firm marketing strategy. Effective implementation of the marketer's understanding of the market may be perceived as a key to firm success.

Question (i) Explain the rationale behind this process and relate it to the bigger (strategic) marketing picture. What does it mean in terms of the firm's value chain and strategic orientation? What does it mean in terms of the firm's resources?

Question (ii) What is necessary for this strategic process to be effective from the perspective of both the firm and the consumer? How does it support the goals of the market-oriented firm, for example by creating value for customers and higher levels of satisfaction?

Reference no: EM133392968

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