Marketing Plan. Marketing Objective and Recommended Action Plan

Academic Paper from the year 2021 in the subject Business economics - Offline Marketing and Online Marketing, grade: 14, , language: English, abstract: This study mainly focuses on the analysis of the banking sector how they can implement efficiency using strategic marketing plans. In the past few years, the banking sector did not focus on its marketing strategies and lack creativity, innovation, and efficient marketing research. In order to improve customer relations and promotion of the banking business, the strategic marketing plan is now utilized.This study highlights how an effective marketing plan can implement change and provide good customer services. In recent years, the banking industry has grown significantly to compete with the intense competition and deregulation in the financial industry. The aim of this research is to portray the importance of marketing for the provision of services accordingly. Recently, banks have recognized the importance of marketing tools to integrate sustainability in their organizational goals and to get value in today's competitive world. Most of the organizations mainly focus on the customer's sovereignty and pay more attention to how the consumer will perceive their services. In regard to this situation, it is important for the banking sectors to adopt new and efficient marketing strategies by evaluating the internal and external factors.