The concept
that I have picked up this week is SWOT. The (SWOT) strength, weaknesses,
Opportunities, and Threats is to evaluate marketing strategies. To look into
the market as if there will be a possible opportunities or marketing
weaknesses. These tactics are usually used by marketing groups to evaluate how
a company or companies are doing.
The
first concept of SWOT is the function of strength. Furthermore, what are the strengths
of a in the marketing pitch. Therefore, they see how it relates to a certain
group. The process of looking into strengths is why the marketing concept would
work. To keep this short why will it work?
The
second is weaknesses are there any weaknesses in the concept. Marketing wants
to have no weakness inside of the matter alone. The matter being what so ever;
Therefore, making pursuit of the best possible solution. This enables the
company to take any weaknesses out. Weaknesses are bad because they can hurt
the thing or things being sold.
The
second is opportunities, what opportunities the concept presents. What are the
basic opportunities by using a certain strategy? These questions help the core
purpose of the marketing strategy. Looking for opportunities that may present themselves,
and do present themselves.
Finally
threats can be the fact of having the words, images, and/or theories that can
be misinterpret. The marketing team might have had the best possible of
intension, yet some incumbent or incumbents may have thought otherwise. Take
for example, Tacos Bell had a dog that spoke Spanish. This brought about group
that felt degraded, so Tacos Bell took off the dog once and for all.
In
closing the process of SWOT is a great way to evaluate the marketing strategic
process. There is a lot to learn about marketing pitches in all aspects. We are
moving in advance the more we know about these things.
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