Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Marketing Management Expert

Executive Summary

Table of Content   Should be a standalone document expanding on the recommendations and NOT an introduction.(should be written in the past tense and be on a separate page .

Computer generated TOC 

1.0 Introduction Brief rational for the marketing plan. Why you are writing it and what it will contain. ( Aim /scope)

2.0Current Situation Analysis 2.1 Internal Analysis: 

2.1.1 Mission (what your company wants to achieve – its fundamental purpose), Resources (what you have to work with)eg .human /technical /financial , 

Offering (define what you are selling – what value does it have for customers), Business relationships (if any). 

2.2 External Analysis (Understanding the influences on your business): 

2.2.1 Technological trends (how will changes in technology affect the way you reach customers and the way customers use products) 

Economic (are economic conditions likely to affect your business or customers), Political/Legal (do you have to comply with any Government regulations), 

Socio-cultural (are there social or cultural influences that may affect your customers’ tastes or willingness to buy from you) 

Natural environmental trends (how will they impact on your business) 

Legal .

Market Analysis : 

Market definition (where do you see your market existing), 

Market trends (apart from the general trends covered in you external analysis is there anything that is likely to affect your particular product or customers), 

Competitive situation (level of competition, types of competition, key players, your firm’s competitive advantage), 

Customer needs (What customers’ needs exist that your product can fulfil) 

Remember to cover both positive and negative factors that may affect your business 

3.0 SWOT Analysis: Major issues facing the company and product that have come out of your Current situation analysis (do this in a table format). 

Summary of the key issue that are likely to affect your business and your ability to market your product (these should be easily identifiable when you develop your marketing strategies in Part B) 

4.0Target Market Selection and Positioning Strategy Remember the 5 requirements for effective segmentation. 

Have you made a distinction between the market segmentation and the target market? 

Although you should identify more than one customer segment, for the purpose of this assignment you only need to concentrate on one target market 

Think about potential customers’ (target market) needs, wants, behaviour, attitudes, loyalty, and purchasing patterns. 

What positioning strategy have you used? How does this relate to branding? 

5.0Objectives Marketing objectives – Short term (what you want to achieve in the next 12 months) 

Establish specific and measureable goals for sales, market share, brand awareness, customer segments, loyalty etc. 

Identify objectives for marketing strategies (and rationale) to overcome key issues identified in SWOT analysis. 

Note: You are not required to include long term objectives

6.0Branding Present your brand ideas for the business (name logo etc) 

What is the value proposition (why would customers want your product)? 

How does the brand identity tie in with your product offering? 

7.0 Marketing Mix Strategies 

Product 

Price 

Place  

Promotion Product: 

Outline your product concept and justify your choice. 

Concentrate on one particular product as an ex (event though you may sell a range) 

What format(s) does your product come? 

Are there any augmented features to your product? 

Price: 

How much will you charge (again just use one of your products as an ex) 

Justify (and name the pricing theory) why you have decided to set the price as you have. 

As this is an online business does the customer get charged any delivery fees? 

Distribution: 

Present and justify how your customers will get their products? 

You don’t have to discuss the back end distribution (where and how you get your products from) 

Promotion 

What various media will you use to promote your product/service? 

Outline the timing (reach and frequency) of each promotional activity and justify why you have planned it this way. 

Discuss the objective for each medium used (why use this and what you expect it will achieve) 

8.0 Action Plan This section can be in a table format (or Gantt Chart) 

Include every promotional activity you intend to conduct throughout year 1. 

Include objective of each activity 

Include the timing for each activity. 

Include who will be responsible for implementing each activity. 

9.0 Marketing Budget Provide a breakdown of all marketing costs involved. (total budget is Australian  $100,000 in Australia or $500,000 in India ). 

This can be added as an additional column to the action plan chart. 

10.0 Controls and Contingencies Set boundaries and benchmarks. 

How will you monitor the success of each your marketing activities? 

How would you know if your marketing plan is working or not? 

When do you pull an idea or activity that is not working? 

11.0 Conclusion Brief summing up of project – no more than ½ page. 

12.0 References Any data that comes from any outside source (not your own team’s creativity and ideas) should be referenced. 

Check that all statements and justifications made throughout the marketing plan are cited in the body of the report and full references provided in a “reference” section. 

References should be in accordance with the APA System (Writing Guide or the library website) 

Have you used a variety of sources? 

13.0Appendices Include items that may justify your decisions but would detract from the flow of the document if included in the main document. 

Are these appendices cited in the body of the text? 

Provide a list of assumptions your team has had to make due to lack of access to full data? 

Marketing Management, Management Studies

  • Category:- Marketing Management
  • Reference No.:- M911241

Have any Question? 


Related Questions in Marketing Management

1 for this forum you need to read part iii communicating

1. For this Forum, you need to read Part III "Communicating with Others Proactively" in your textbook. 2. Discuss the key elements of positive and proactive communications that are missing in the following workplace scen ...

Assignmentsituation a potential new client has just been

Assignment Situation: A potential new client has just been left $1,100,000 (on an after-tax basis) from a wealthy grandparent and is deciding between your firm and Blackrock Investment in terms of who will manage their n ...

Marketing Marketing Essay               This is group project essay. I need to write last

Marketing Essay               This is group project essay. I need to write last two parts which are conclusion and limitations of project. I will give more information about project and also send the other parts. So your ...

1 discuss the pros and cons of red bulls nontraditional

1) Discuss the pros and cons of Red Bull's nontraditional marketing Tactics. Should the company do more traditional advertising? Why or why not? 2) Describe Target's marketing Communication strategy. What has the company ...

How does internal marketing impact the effectiveness of

How does internal marketing impact the effectiveness of both planning and implementation?

Discussion instructions - bank mergerbusiness financethe

Discussion Instructions - Bank Merger Business Finance The purpose of this assignment is to examine the issues associated with a bank merger on various stakeholders. The impact can be substantial for employees of the acq ...

1understanding consumer shopping behaviorthe article

1.Understanding Consumer Shopping Behavior The article discusses the decision process of what makes retail customers prefer one product over another. It also argues that because of the increase in technology such as soci ...

What different market segments could a pet hotel consider

What different market segments could a pet hotel consider targeting? What special benefit or appeal would you communicate to each group?

The problem of information protection- the theft of

THE PROBLEM OF INFORMATION PROTECTION:- The theft of consumer information-particularly fi nancial information-is causing huge headaches for fi nancial and data companies. This case looks at three incidents that occurred ...

Resources hospitality marketing plan phase 1 hospitality

Resources: Hospitality Marketing Plan Phase 1, Hospitality Marketing Plan Phase 2 Write a 1,750- to 2,450-word Marketing Plan. Your budget is $100,000. Be sure to include an executive summary section that addresses the i ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen