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What should firms consider marketing when they are strategizing?

What should firms consider marketing when they are strategizing?

Requirements
• Critically evaluate the role that marketing can play in firms’ strategies,
and draw on recent evidence
• Explore marketing and strategy in more depth
• There is no single (or simple) answer to a question
• Use the range of theories/models you have learned in your lectures
and tutorials to support your arguments.

Using the knowledge points from your lectures to
support your discussions, for example:
• Strategic intent: why do we need to have strategic intent
• Market-driven versus market-driving: how can they help with value
creation?
• Market research: is it still useful for value creation?
• Red Ocean and Blue Ocean: which one more effective for value
creation in a particular case?
• CSR: is CSR good for value creation? Why?
These are just examples. You can use them, or
you can go beyond them
• We are happy to see your innovative ideas
• You do not need to cover all knowledge points – it is impossible and
unnecessary
• However, you will get credit for your broad reading
Suggested structure
• Introduction (400)
• Set the context of your essay
• What are you going to discuss?
• Why this topic is important?
• You can summarise your major argument here
• The structure of the essay
Suggested structure
• Strategy (1000)
• What is strategy?
• Why strategy is important?
• The elements of strategy
• Value-based strategy and why?
Suggested structure
• The role of marketing for strategy (1300)
• Thank about: how can marketing help with value-based strategy?
• Please refer previous slide and give in-depth discussions here
Suggested structure
• Conclusion (300)
• Summarise your essay here
Remember:
• There is no single unified answer
• There are no right or wrong answers
• Please use EVIDENCE to support your arguments
• Evidence can be practical business cases, facts from the market,
information from government bodies, etc.
• Please use credible sources for information
• Please use Harvard referencing

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