Question

Explain opportunity analysis and discuss why it is important to strategic marketing.

Explain opportunity analysis and discuss why it is important to strategic marketing.

Homework Answers

Answer #1

Opportunity analysis relates to securing demand and competitive analysis and analysing market contingencies to be able to have a precise vision and design strategies respectively. Opportunity analysis is a necessary process for the growth of a company and necessitates to be executed regularly.

Opportunity analysis assists recognise the needs of the consumers and subsequently plan, design, and deliver the products or services to obtain consumer satisfaction. It helps the business to stay leading to the competition due to the introduction of consumer-oriented products.

Sincerely request you to please give me an upvote. Thanks in advance.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Explain why diversification is important when creating a strategic asset allocation but not as important when...
Explain why diversification is important when creating a strategic asset allocation but not as important when creating a tactical asset allocation?
Briefly discuss the three key activities in the strategic management process. Why is it important for...
Briefly discuss the three key activities in the strategic management process. Why is it important for managers to recognize the interdependent nature of these activities? *Please use different asnwers from the chegg since my friends already using it.
Explain why it is important to link operational budgets to strategic plans. Make sure that your...
Explain why it is important to link operational budgets to strategic plans. Make sure that your answer addresses the issues below in the space provided. What is strategic planning?
What is opportunity cost? Discuss incentives from your perspective as a policymaker. Why is productivity important?
What is opportunity cost? Discuss incentives from your perspective as a policymaker. Why is productivity important?
Discuss why marketing strategies should reflect the healthcare organization's desired position in the marketplace. Discuss why...
Discuss why marketing strategies should reflect the healthcare organization's desired position in the marketplace. Discuss why branding as a strategic approach is necessary for hospitals and healthcare organizations today. Give an example.
What is SWOT analysis? Why is it important? Explain
What is SWOT analysis? Why is it important? Explain
Why communicating strategic vision down the line to lower level managers and employee is important. Explain...
Why communicating strategic vision down the line to lower level managers and employee is important. Explain in detail
1.Marketing research has an important role across all four stages of the strategic marketing framework. In...
1.Marketing research has an important role across all four stages of the strategic marketing framework. In the Situation Analysis stage of the framework, what would be the most common focus of the research efforts? A.Exploratory and inductive study of customers to identify trends in needs and demand, as well as customer insights. B.Targeted research to identify meaningful differences across consumers with regard to needs and descriptive characteristics. C.Targeted research to pretest and hone tactics, including price, promotions, advertising, new products...
What is strategic management and why it is important?
What is strategic management and why it is important?
?Why is evaluating training an important part of strategic training?
?Why is evaluating training an important part of strategic training?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT