The Market and Four P Tool

Performance-Based Strategy

ISBN: 978-1-78743-796-8, eISBN: 978-1-78743-795-1

Publication date: 1 May 2018

Abstract

Summary: Many people, excited to start their planning effort, simply begin at the wrong point. Our definition of strategy calls for “understanding a firm’s position within a competitive environment.” Marketing 101 provides a perfect guide to structure efforts in developing strategy. These are based on the four P’s — Product/Service, Price (or cost), Placement (or Channel — how do the firm go to market?), and Promotion (or advertising, web presence, etc.) relative to a given market. We offer this tool as guideline to (1) understand a firm’s markets, and (2) understand the competitive position of the product and/or service, price (cost), placement (channel), and promotion.

Keywords

Citation

Fairbanks, S. and Buchko, A. (2018), "The Market and Four P Tool", Performance-Based Strategy, Emerald Publishing Limited, pp. 15-21. https://doi.org/10.1108/978-1-78743-795-120181003

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Publisher

:

Emerald Publishing Limited

Copyright © 2018 Steve Fairbanks and Aaron Buchko

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