Journal Arbitrase : Economy, Management and Accounting
Vol. 1 No. 02 (2023): Journal Arbitrase : Economy, Management and Accounting, July 2023

Effective Marketing Strategy in Facing Tight Competition

Suharto, Suharto (Unknown)



Article Info

Publish Date
17 Jul 2023

Abstract

Increasingly fierce competition requires a planned and adaptive marketing approach to maintain and increase market share. This research aims to identify and analyze effective marketing strategies for companies in facing intense competition in the market. This research uses a qualitative approach with descriptive methods. The results of this research conclude that an effective marketing strategy in facing intense competition involves recognizing competitors, understanding the target market, continuous innovation, building a strong brand image, expanding market reach, collaborating with business partners, and superior customer service. Through this holistic approach, companies can build a solid foundation to survive and grow in a competitive market. Implementing this strategy provides opportunities to increase market share, increase customer loyalty, and create sustainable competitive advantages in an ever-changing business era.

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Journal Info

Abbrev

Arbitrase

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal Arbitrase is a peer-reviewed journal that publishes scientific articles that are the results of original scientific research (top priority) and new scientific review articles (not priority) from various academics and researchers that have not been published elsewhere, including: Accountancy, ...