How is ‘Marketing Strategy’ related to Business Strategy?

I’ve had many conversations with people about marketing. Many of these involve people assuming that the product, target market and what customers want are already fixed.

But why should this be the case? Is ‘Product’ not a flexible element of the marketing mix?

Many companies begin with excellence in R&D or with a new concept, or, with an interest that the business founder wishes to make into a commercial venture.

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Why is strategy so important?

Having decided to specialise in the development of business strategy, it seems like a reasonable question to ask … Why is a strategy so important?

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