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Some strategies to better the chances of staying within the allocated budget include discussing financial objectives upfront, setting specific, measurable, achievable, relevant and time-bound objectives, and segmenting the market, targeting the best customers, and positioning the offering effectively. Regular monitoring and adjustment of the budget based on actual expenses can also help stay within the budget.
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Use this slide to communicate the results of your Segmentation, Targeting and Positioning (STP) research. This means talking about your strategy to Segment your market, Target your best customers and Position your offering. Introduce main marketing objectives (brand's defined goals) to your stakeholders with this slide. Make sure that your objectives are specific, measurable, achievable, relevant and time-bound. Also mention, how you'll will qualify them. Marketing executives are often challenged with justifying budgets to the company leadership. That is why discussing financial objectives is imperative. Talking about expenses upfront will better your chances of staying within the allocated budget.
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What steps can businesses take to make their marketing goals measurable and achievable? Align your vision with new opportunities with our Marketing Pl...
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