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The Marketing Plan 1 The Marketing Plan • The ____________ to corporate strategy of how to expand in a new geographic market, target group or product line. 2 1. COMPANY GOALS • What does the company want to __________… Examples: _________________________________ __________________________________________ __________________________________________ 3 2. Situation Analysis A detailed review of the ______________ in which your chosen product or service operates. • Marketing Mix Product, Price, Place, Promotion • PEST Analysis Political, Economic, Socio-cultural, Technological • _________________ _____________________________________ 4 3. COMPETITION • • • • • Established companies in the marketplace __________________ 4 P’s of competition Defensive or responsive strategy of competition? __________________ 5 4. DESCRIPTION OF CUSTOMERS AND THEIR NEEDS • • • _________________ ______________ _____________; how will you reach the prospect? What is the need – the want that you are fulfilling? 6 5. Marketing Strategies • ___________ Strategy Decentralized or Centralized strategy? • ______________ Strategy Indirect or Direct? Positioning Map • ___________________________ Push or Pull? 7 6. RESOURCE REQUIREMENTS FINANCIAL & HUMAN RESOURCES • _____________________ • Cost of your plan – your budget (How much will the activities defined cost?) ______________ ______________ ______________ • Partners ? 8 7. TIME LINE • • When and how will your market your new product? ____________________ 9 7. MEASURES OF SUCCESS • ___________________ ________ in conjunction with your timeline • ___________________ What are the success criteria? How will you measure success of the plan? 10 Remember! • Include information that is __________ and ______________ to your product/service! • So that you can answer the most important question of… ___________ 11