Marketing Plan
Marketing Plan
Marketing Plan
Plan
- a written document that summarize what one
has learn about the marketplace indicates how
it tends to reach its objectives.
4 PICS 1 WORD
M_r_ _ t _ _ _ _ _ x
4 PICS 1 WORD
Marketing Mix
S_ _ t A _ a_ y_ i_
Swot Analysis
_a_ _ e_ M_ _k_ _
Target Market
B _ d_ e _
Budget
Executive Summary
Commonly the last section to be written after all other
major parts have been completed, it is the next major part of the
business plan after the introduction. It points out the overall
highlights of the business plan as well as bird’s eye view of its
sections. However, the executive summary must not, in any
manner, provide a summary of the different major sections of the
business plan. It must be written in a simple language that can be
easily understood and at the same time attract the attention and
influence the decision of the reader.
The executive summary must include
the following:
Vision, mission, goals, and objectives of the business
CORPORATE OBJECTIVE
Business model
STRENGHTS WEAKNESSES
is a resource or capacity the is a limitation, fault, or defect in the
organization can use effectively to organization that will keep it from
achieve its objectives. achieving its objectives.
THREATS OPPORTUNITIES
is any favourable situation in the is any unfavourable situation in the
organization's environment. It is usually organisation's environment that is
a trend or change of some kind or an potentially damaging to its strategy. The
overlooked need that increases demand threat may be a barrier, a constraint, or
for a product or service and permits the anything external that might cause
firm to enhance its position by supplying problems, damage or injury.
it.
Analysis of competition
-also known as a competitor analysis is a
way of evaluating how well your business and
its products or services are performing
compared to other companies selling similar
products or services in your market.
III. Marketing strategy
Analysis of current situation (SWOT analysis)
Strategy
- outlines the specific ways in which an organisation plans
to position itself, achieve its short-term and long-term
goals, and grow over a period of time.
Target Market Positioning
- is a group of people that have been identified as the most - defines where your product (item or service) stands in
likely potential customers for a product because of their relation to others offering similar products and services
shared characteristics such as age, income, and lifestyle. in the marketplace as well as the mind of the consumer.
Marketing MIX
- includes multiple areas of focus as part of a
comprehensive marketing plan. The term often refers to a
common classification that began as the four Ps: product,
price, placement, and promotion.
IV. Implementation,
monitoring and control
Sales forecast