Elvis Global is a famous OTT platform facing fierce competition from its competitors amid changing consumer preferences. This has made it difficult…

Raghav's role at Elvis Global represents the Functional level of strategy . As the sales and marketing manager, his responsibilities are focused on specific areas within the company, particularly on crafting and executing marketing and sales strategies that drive customer engagement and competitive positioning. Benefits of Strategic Management for Raghav at Elvis Global Strategic management can provide several benefits to Raghav in addressing the competitive and consumer challenges faced by Elvis Global: Strategic management helps Elvis Global define its goals and mission, providing clear direction for future initiatives . This ensures that all marketing efforts are aligned with the company's overall vision. It allows Raghav to set realistic and achievable objectives that support the company's long-term goals , ensuring that marketing strategies are both ambitious and attainable.Through strategic management, Raghav can proactively shape the future of Elvis Global rather than merely reacting to market changes. This allows the company to anticipate trends and act accordingly . A proactive approach enables Elvis Global to better manage environmental uncertainties and stay ahead of competitors, ensuring a more controlled and predictable business environment.Strategic management provides a robust framework for making critical decisions regarding marketing strategies, target markets, and resource allocation. This ensures that all major decisions are well-informed and strategically sound. It ensures coherence and consistency in decision-making across the organization, aligning marketing strategies with overall business objectives.Strategic management helps identify and exploit new business opportunities , allowing Raghav to craft campaigns that resonate with emerging consumer preferences and market trends. By recognizing and capitalizing on these opportunities, Elvis Global can differentiate itself from competitors and capture a larger market share.Strategic management acts as a defence mechanism against potential mistakes and pitfalls, helping Raghav avoid costly errors in marketing decisions and campaign execution. It provides a structured approach to identifying and mitigating risks, ensuring more informed and safer decision-making.Strategic management enhances the longevity and sustainability of Elvis Global by ensuring that marketing strategies are adaptable and resilient in a dynamic market. It helps the company establish a clear and deliberate position within the industry, ensuring sustained relevance and competitiveness.Strategic management enables the development of core competencies and competitive advantages that are crucial for the company's success. This includes building strong brand identity, innovative content offerings, and superior customer service. By focusing on these strengths, Raghav can ensure that Elvis Global achieves sustainable growth and maintains its competitive edge in the OTT market. Through strategic management, Raghav can effectively navigate the competitive challenges faced by Elvis Global. By providing clear direction, encouragement a proactive approach, guiding critical decisions, identifying new opportunities, defending against pitfalls, ensuring longevity, and developing core competencies, strategic management enables the company to achieve and sustain a competitive edge. This comprehensive approach will allow Raghav to design innovative advertising campaigns that engage the public, capture the market, and drive the company forward.