3 Fundamental Reasons Why Your Marketing Strategy Isn't Working
Published January 31, 2011 by Gillian Hunter
Don't think your marketing strategy is working? Not getting the sales you want? Not as profitable as you'd like to be? Not reaching the right customers? Here are three fundamental reasons why your marketing strategy may not be working properly:
1. Decide Business Direction If you don't have a succinct and clear business vision, strategy or objective. And, if you can't articulate your business objective and strategy easily - you won't be able to create a succcessful marketing strategy. Before you start work on your marketing strategy, make sure you know what your business objective and strategy is. Your marketing strategy won't work if your marketing strategy isn't aligned with your business objectives and strategy. If people in your business do not know (or can't articulate) what the business objective and strategy is - you'll need to go back to the drawing board.
2. Focus on Business Strategy You haven't settled on one business strategy, preferring to hedge your bets and try a number of strategies. These strategies may be conflicting, or weaken a potential position of strength. According to Porter's 1983 generic strategies, businesses only have four strategic options. Either 1. Focus, 2. Cost Leadership, 3. Differentiation - or the worst position, 4. Stuck the Middle. If people in your business, or your customers are confused about your focus - then you need to review your business strategy. Decide what your strategy should be. Holding the middle ground is not a viable option.
3. Communicate with Your People Your people need to buy into the business strategy and marketing strategy. If they don't agree with the strategy, or don't know here the business is headed - you need to work to get your people on board. Marketing is not just the function of the marketing department. Everyone in the organisation needs to pull together to serve the needs of the customer and understand the importance of being customer-driven. Getting people involved in the marketing strategy process from day one, will help overcome resistance issues further down the line. Particularly the people who need to implement the marketing and business plans. If you want to motivate your people - give them the opportunity to contribute to planning the future direction of the company, and share in the achievement too.
In summary: To succeed you need to be decisive about where the business is headed and how you are going to get there, what your strategic focus is going to be, and make sure you take your people with you on the journey. Three simple steps: Decide, Focus, and Communicate.
- All Blog Categories (95)
- Bids and Proposals (2)
- Content Creation (21)
- Creative Ideas (9)
- Customer Communications (32)
- Customer Engagement (31)
- CXO Communications (1)
- Digital Marketing (17)
- Innovation (7)
- Insights (34)
- Marketing Strategy (24)
- Strategic Planning (16)
- Thoughts (4)
- The Founding of Grayce
- How to write powerful value propositions
- Why your marketing strategy isn't working
- Marketers, why you need to rethink the 4Ps
- How to work out your customer value
- Why people are inspired by stories
- Why should people buy from you
- Merger rebrand : the story of Integrc
- How to launch a new business in three months