5 Marketing concepts you MUST know
estimated read time: 4m 30s Marketing is a dynamic and complex field that requires constant learning and adaptation. Whether you are a beginner or an expert, there are some fundamental concepts that you should know and apply to your marketing strategy. 1. SWOT (Situational Analysis) Strength, Weakness, Opportunities and Threats also known as Situational Analysis or Situational Assessment is a very important strategic planning technique that is used to help identify Strength, Weakness, Opportunities and Threats within an organization related to business competition or project planning. The situational analysis covers internal and external factors that an organization can manage or mitigate to the best of their abilities. SWOT is applicable for any kind and size of business. This technique is especially useful in the field of marketing as it help clarify major internal and external factors affecting marketing activities. In marketing it can help answer the follow...