Marketing Strategy Practice Exam
Marketing strategy is the plan developed to market the products or
services offered by the company. The plan includes details on the target
market, competitors, and opportunities for growth. It is a holistic
plan which also links product development, pricing and distribution
channels to use company's strengths. The plan aims to make existing
marketing activities more effective as well as tap into new
opportunities.
Certification in Marketing Strategy attests to
your skills and knowledge to develop and implement effective marketing
strategies. The certification includes marketing principles, strategic
planning process, market research techniques, and digital tools for
marketing.
Why is Marketing Strategy certification important?
- The certification validates your skills and knowledge of developing effective, data-driven marketing strategies.
- Shows your skills to analyze market trends, competitors, and customer behavior.
- Increases your job prospects and career advancement in the marketing.
- Validates your expertise in developing marketing campaign.
- Attests to you skills in executing marketing strategies across channels.
- Certifies your grasp of tools and techniques for measuring marketing.
- Verifies your knowledge of segmentation, positioning, and targeting.
- Supports the integration of digital marketing into overall business strategies.
Who should take the Marketing Strategy Exam?
- Marketing Managers
- Brand Managers
- Digital Marketing Strategists
- Product Managers
- Advertising Managers
- Content Marketing Managers
- Business Development Managers
- Market Research Analysts
- Sales Directors
- Chief Marketing Officers (CMOs)
Skills Evaluated
Candidates taking the certification exam on the Marketing Strategy is evaluated for the following skills:
- Consumer data analysis
- Develop marketing plan.
- define marketing goals and business objectives.
- Targeting audiences and segmenting.
- Positioning and differentiating products or services.
- Pricing strategies.
- Select the marketing channels
- Digital marketing tools, SEO and content marketing.
- Measure marketing campaigns.
Marketing Strategy Certification Course Outline
The course outline for Marketing Strategy certification is as below -
Introduction to Marketing Strategy
- Definition and importance of marketing strategy
- Marketing strategy and business success
- Overview of strategic marketing frameworks
Market Research and Consumer Analysis
- Types of market research (qualitative vs. quantitative)
- Analyzing customer behavior and trends
- Competitive analysis and market segmentation
Segmentation, Targeting, and Positioning (STP)
- Market segmentation techniques
- Defining target audiences
- Positioning and differentiation strategies
Developing Marketing Objectives and Goals
- SMART goal setting (Specific, Measurable, Achievable, Relevant, Time-bound)
- Aligning marketing goals with business objectives
- Measuring success and KPIs
Product Strategy and Lifecycle
- Product development and innovation strategies
- Managing the product lifecycle (PLC)
- Brand positioning and product differentiation
Pricing Strategies
- Types of pricing strategies (penetration, skimming, value-based pricing, etc.)
- Pricing models and strategies for different market segments
- Psychological pricing and price elasticity
Integrated Marketing Communications (IMC)
- Developing a cohesive communication strategy
- The role of advertising, public relations, and promotions
- Digital marketing and social media strategies
Digital Marketing Strategy
- Digital marketing and overall strategy
- Search engine optimization (SEO) and content marketing
- Social media marketing and online advertising
Sales and Distribution Channels
- Sales strategy and forecasting
- Distribution channels (direct, indirect, online, retail, etc.)
- E-commerce and omni-channel marketing
Marketing Performance Measurement and Analytics
- Key performance indicators (KPIs) in marketing
- Tools and techniques for tracking marketing effectiveness
- Data-driven decision-making and ROI measurement