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Home > News > March 2007 > 07 March 2007

Smaller companies taking marketing more seriously, says Institute

According to research conducted by The Chartered Institute of Marketing, workshops on the fundamentals of marketing and marketing communications are now the most popular. The Institute says smaller companies that have previously done little marketing are now getting serious about its importance to their organisation.

Geoff Hurst, the Institute's marketing director, said: "Many SMEs and small organisations are realising that there is a need to get serious when it comes to marketing their products or services, or in developing relationships with stakeholders and clients. As budgets remain tight, utilising existing staff is a sensible option for many of them, but very often they have little or no marketing training.

"All markets are so competitive now that organisations realise accurate segmentation and targeting are vital to give a better return for their investment, but they don't have the practical knowledge of how to put this into practice to achieve results. As a result, these courses are becoming much more popular."

The research also showed that companies are keen to get a better understanding of how e-marketing can develop their business and improve returns.

"This is a key development area in marketing as it is seen as cost-effective and faster, with the opportunity to reach a wider and more diverse audience," said Hurst. "But many companies and organisations are unsure how best to exploit this medium to get real value from their marketing investment."

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