A social and managerial process by which
individuals and groups obtain what they
need and want through creating and
exchanging products and value with
others.
THE CALL FOR MORE ETHICS AND SOCIAL RESPONSIBILITY
A third factor in today’s marketing environment is the increased call for companies to take responsibility for the social and environmental impact of their actions.
❖SETTING COMPANY OBJECTIVES AND GOALS
The company’s mission needs to be turned into detailed supporting objectives for each level of management.
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Designing the Business Portfolio
General Electric introduced a comprehensive portfolio planning tool called a strategic business-planning grid.
Problems with Matrix Approaches
The BCG, GE, and other formal methods revolutionized strategic planning.