How can a company’s marketing organization identify newly emerging indirect and online or digital competitors in time to plan and execute an effective marketing strategy in response to these competitors? Provide an example.
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Write My Essay For MeMarketing is an important component in business as it defines how far an organization can explore a new market. There are many ways through which a company’s marketing team can identify newly emerging indirect and online or digital competitors in time to plan and then execute a marketing strategy as they seek to respond to the emerging competition. The different strategies are as explained herein.
Survey – One of the key ways to explore emerging competitors is by undertaking a survey on the customers. This step is critical in understanding the preferences that customers have regarding specific company products or services. The surveys can be based on the preferences of customers, the level of customer satisfaction, their expectations and desires. These…
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