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Market oriented strategic planning is a management process that makes sure that an organization's goals, skills, and resources are aligned with its ever changing market possibilities and keep them that way. Strategic Marketing Planning (SMP) aims to shape and change a company's business and goods to achieve the profit and growth it wants. Strategic planning is done at three different levels: the company, the business unit of a department, and the product.(Nursing Assignment Help UK)
Companies can do well in a market with a lot of competition if they create and give significant value to their target customers and learn how to change with the market. So, for businesses to adjust to changing industry conditions, they must have vision and foresight and develop a long term plan. Strategic planning means developing strategies to deal with fierce competition and ensure long term growth and survival. In this process, the marketing function is a crucial part. It gives information and other sources that can be used to help make a strategic plan for an organization.
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