Marketing Strategy and Business Integration: Analysis and Examples

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Discussion Board Post
AI Summary
This discussion board post examines the crucial relationship between marketing strategy and overall business strategy. It delves into how marketing is integrated within the broader framework of business operations, using real-world examples to illustrate successful and unsuccessful integrations. The assignment covers key concepts like SWOT analysis, exploring how marketing plans contribute to strategic decision-making. Furthermore, it addresses the role of Corporate Social Responsibility (CSR) and business ethics in marketing. The assignment analyzes how companies leverage CSR initiatives for strategic benefits. Students will analyze the strategic importance of marketing, offering a comprehensive understanding of how marketing functions within a larger business context.
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MT1: Role of Marketing in Business Strategy
Discussion Topic
Discuss how marketing strategy fits within the larger framework of business strategy.
Provide an example of a company (from any industry) that successfully integrates its
marketing strategy into their overall business strategy.
Or, give an example of a company whose marketing strategy doesn’t fit well with its
business strategy. First describe its business strategy and then its marketing strategy
and explain why you believe they are or are not well integrated.
Please use the language and concepts covered in this week's readings covering
business and marketing strategies.
MT2: Marketing Plans and Marketing Analytical Tools
Discussion Topic
One of the most popular tools in any marketing plan is a SWOT analysis. Marketing
Teacher.com has many interesting examples of SWOTs. Please study them carefully:
they should provide some insights into the nature of a SWOT analysis. After that,
develop a SWOT analysis for UMUC.
How did the various SWOT elements get reflected in the UMUC Strategic Plan for 2015-
2018?
Would you suggest any other additional strategies for UMUC based on your SWOT
analysis?
MT3: Multimedia – Ethics and CSR and Marketing Strategy
Discussion Topic
Describe the means by which a company (other than Honest Tea) engages in CSR and how it
derives strategic benefits from its efforts.
Required Readings
1. Strategic Planning
2. SWOT Analysis. (2009). In Encyclopedia of Management (6th ed., pp. 915-918). Detroit: Gale.
3. Senn, C., Thoma, A., & Yip, G. S. (2013). Customer-centric leadership: How to manage strategic
customers as assets in B2B markets. California Management Review, 55(3), 27-
59. doi:10.1525/cmr.2013.55.3.27
4. Berman, B. (2016). Referral marketing: Harnessing the power of your customers. Business Horizons,
59(1), 19-28. doi:10.1016/j.bushor.2015.08.001
5. Chapter 2 Corporate Social Responsibility and Business Ethics
Recommended Readings
Fitzgerald, M. (2013). The myth about viral marketing. MIT Sloan Management Review, 54(3),
15. Retrieved from http://sloanreview.mit.edu/
Vallaster, C., Lindgreen, A., Maon, F. (2012). Strategically leveraging corporate social responsibility: A
corporate branding perspective. California Management Review, 54(3), 34-60.
doi:10.1525/cmr.2012.54.3.34
Weinzimmer, L. G., & Esken, C. A. (2016). Risky business: Taking a stand on social issues. Business
Horizons, 59(3), 331-337. doi:10.1016/j.bushor.2016.01.007
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