It’s that time of the year when many companies are in their planning mode preparing for the next fiscal year. This involves zeroing in on the markets to address, the offerings to take to market and from there arriving at a target to pursue. Once this target is finalized for the different business segments, it is broken down into segmental plans, which leads to marketing plans.
This is an involved and significant exercise in larger companies occupying strategy and marketing teams for a few weeks. Obviously, the targets are huge and a considered approach is needed before fixing them.