please is anyone can help me to give anexample for this firm.
what does this mean.which is in mareting subject.
goal oriented firm ,,give an example
A goal-oriented firm in marketing refers to a company that has clearly defined objectives and works strategically to achieve those goals. These firms prioritize setting specific targets and developing strategies to accomplish them.
To provide an example of a goal-oriented firm in marketing, let's consider a hypothetical clothing company called "FashionForward." The company's main goal might be to increase sales by 20% within the next year. Here's an example of how FashionForward could showcase their goal-oriented approach:
FashionForward's marketing team sets specific targets for different marketing channels to achieve their sales goal. They decide to focus on social media advertising, influencer collaborations, and email marketing campaigns.
To track their progress and ensure they stay on track, FashionForward sets measurable key performance indicators (KPIs). For instance, they aim to achieve a 15% increase in website traffic from social media ads and gain 10,000 new email subscribers through their campaigns.
The firm regularly analyzes and adjusts their marketing strategies based on performance indicators. They might allocate a larger budget to social media advertising if it proves to be driving more traffic and conversions, while optimizing or removing underperforming campaigns.
By continuously assessing their progress and adapting their strategies, FashionForward demonstrates a goal-oriented approach in their marketing efforts.