Strategic PlanningChapter 2 Lecture SlidesSolomon, Stuart, Carson, & SmithYour name hereCourse title/numberDate1Chapter Learning ObjectivesWhen you have completed your study of this chapter, you should be able to:•Explain the strategic planning process•Tell how firms gain a competitive advantage and describe the factors that influence marketing objectives•Describe the steps in the marketing planning process•Explain the factors involved in the implementation and control of the marketing plan2Introduction to the Topic“Organizations rarely plan to fail, but they often fail to plan” -famous quote, origin unknown
•The above quotation speaks to the importance of strategic planning and the potential consequences of doing a poor job at it
•Planning helps organizations:– To cope with rapidly changi