MARKETING STRATEGIES IN THE FUNCTION OF COMPETITIVENESS OF COMPANIES IN THE REPUBLIC OF SERBIA Cover Image

MARKETING STRATEGIJE U FUNKCIJI KONKURENTNOSTI PREDUZEĆA U REPUBLICI SRPSKOJ
MARKETING STRATEGIES IN THE FUNCTION OF COMPETITIVENESS OF COMPANIES IN THE REPUBLIC OF SERBIA

Author(s): Marko Milić, Ružica Đervida, Slađana Vujičić
Subject(s): Economy
Published by: Visoka škola za poslovnu ekonomiju i preduzetništvo
Keywords: marketing strategy; marketing plan; marketing goals; company; competitiveness

Summary/Abstract: The development of a modern company implies the effective implementation of various marketingstrategies. Marketing strategies are the basis for an effective marketing plan that is an integral part ofthe company's business plan. The marketing plan is defined and shaped in practice between the designof an adequate marketing strategy and the implementation of the marketing campaign. Defining marketing strategies implies a clear specification of a series of specific actions that need to besuccessfully implemented. Achieving defined marketing goals is directly correlated with well-definedmarketing strategies. The key is to ensure measurable results when implementing a marketing strategy.Marketing strategies represent the foundation for developing a tactical plan in the company and thus have an extremely significant impact on the success of the company's operations. Therefore, there is a necessity to clearly define the types of marketing strategies that will be implemented in a certain company. In Republika Srpska, as an integral part of Bosnia and Herzegovina, one can identify different types of marketing strategies applied by companies in order to achieve their business goals. The specifics of the market influence the definition and application of specific marketing strategies. The choice of marketing strategy should always be in the function of improving the competitiveness of a particular company.

  • Issue Year: 2022
  • Issue No: 20
  • Page Range: 92-101
  • Page Count: 10
  • Language: Serbian