There are many benefits of strategic management and they include tangible financial results and intangible cultural and behavioral aspects, Building, Measuring, and Managing Brand.
Position strategy is understanding your company’s strengths and weaknesses and focuses on a few essential areas. Here our challenge is to develop a clear and concise market position based on our research and analysis. Positioning Should you answer the questions, “How do you differ from competitors in a way that is relevant to your core customers?” The goal is to find an opportunity to create something that you can become famous. Positioning is about defining how you’ll differentiate your offering and create value for your market. Specific Feature a group of features that is substantially unique to the marketplace.
It would be best if you had to answer these items: The market profile, Customer segments, Competitive analysis, Value proposition.
Market profile is the size of competitors and stage of growth. Customer segments are a group of prospects with similar wants and needs. Competitive analysis is how you’ll position, and your offering to focus on opportunities in the market. The value proposition is the type of value you’ll deliver to the market.
Values proposition; operational excellence Carrot’s value propositions are operational excellence; you convey your message and everything you do. Product leadership Alpha Co.’s customers care most about quality – they want the best product. Alpha’s culture is all about product leadership, and your prospects see it even before becoming customers. Customer intimacy; You cannot say ( we offer excellent service), the team knows they have to deliver on that value a proposition in every interaction you have with prospects and customer operational excellence.