Got a tricky question? Receive an answer from students like you! Try us!

Marketing plan role and structure - Essay Example

Only on StudentShare
Author : mdickens

Summary

Marketing plan role and structure Introduction For a business to be successful, the marker has to come up with appropriate strategies that will force the product in the market. In addition, the world has experienced a high level of globalization…

Extract of sample
Marketing plan role and structure

This paper will therefore, discuss the role that a marketing plan plays in enabling the product position itself in the market. It will also discuss different elements of a marketing plan and importance of each element in enabling the marketer market the product. In addition, it will provide an appropriate structure of a marketing plan and distinctive features between a marketing plan and business plan. Also, the paper will look at how each element in a marketing plan enhances the marker’s understanding of the market. Different assumptions made when drafting a marketing plan will also be discussed and their relevance in accordance with the marketer’s objective. Lastly, different marketers use marketing plan for different purposes. These purposes will be analysed and select the most appropriate use of a marketing plan. This will help in coming up with a detailed conclusion on the effectiveness of a marketing plan in helping the business to increase its overall profits (Burrow & Bosiljevac 2011). Role and nature of marketing plan A marketing plan can be defined as a product or companywide plan that describes all functions involved in achieving marketing objectives in a certain timeframe. A business plan provides a general platform that a business needs to follow in order to achieve its goals. ...
Download paper

Related Essays

marketing plan
The third objective is to increase customer loyalty significantly and turn at least 30 percent of its customers into repeat customer during the season. The company will use television advertisements, bill boards, and social media to market its brand to its main target market which is the young population of Hull City. The strategy of market penetration will be adopted by the company to increase its market share. The company will also use the occasion of Christmas and the tradition of gift giving in its marketing messages to the young population of Hull City. Table of Contents Table of Contents…
12 pages (3012 words)
Marketing Plan Assignment
Put differently, Jim’s Cleaning ensures peace of mind for its customers and that it why it stands out vis-a-vis other players in the industry. Jim’s Cleaning has its own professional cleaning equipment. It is known to be a reliable company that starts and completes the job on time. Its franchisees are fully insured. The company guarantees quality services at a fair price. About the Product According to the American Marketing Association, a product is a bundle of attributes; features, functions, and benefits that an organization offers to sell to the target customers in exchange of money. A…
14 pages (3514 words)
Marketing Plan Project
more on effective strategic activities with a view to meet consumers’ on demand-expectations. In order to be competitive and to survive in today’s fiercely competitive markets, businesses have not only to seek response from customers, but also discover hidden market opportunities and stimulate demand for their goods or services (Kotler and Keller, 2006, p. 10). Regardless of whether it is small or large in scale, startup businesses essentially need to plan for its business and marketing activities by analyzing various strategies that they can implement for future.
26 pages (6526 words)
Marketing Plan
This essay is aimed at discussing the various aspects of and issues related to marketing plan. In this context, first the role and nature of a marketing plan is discussed. Next, the structure of a standard marketing plan is explained. After that, there are the sections in which elements of marketing plan are elaborated sequentially. The links between marketing plan elements are discussed in the following section. In the section of assumptions, there is a discussion related to the common misconceptions regarding the marketing plan as a whole. Reputable journal, text, and Internet based sources…
12 pages (3012 words)
Five Years Marketing Plan
The company initially started its operations in UK as a catalogue business company. The company achieved success in its initial stages only and soon after that it made a plan of opening a website in UK. This plan helped Hotel Chocolat to secure its position in the market. The company started exporting chocolates to United States by means of an online ordering website. It started expanding its business operations in the domestic land and has opened 23 stores in the outlets of John Lewis and 43 stores in United Kingdom. Hotel Chocolat produces fresh chocolates and the taste of these chocolates…
8 pages (2008 words)
Strategic marketing plan
The National Taiwan Craft Research Institute (NTCRI) is a renowned organization in Taiwan and its marketing division has been chosen to handle this project and promote the new product. This paper presents the detailed marketing plan for the promotion and launch of the new product, the analysis of the target market and the competitors of the NTCRI. It also mentions the indicators by which the organization would be able to measure the performance of the product after it has been marketed. Table of Contents International designers are increasingly showing inclination towards utilising the…
18 pages (4518 words)
Marketing Plan
Also, it is a sports drink which hydrates human body as well gives guaranteed additional 6 hours of energy for performing the daily activities. This marketing plan is meant to be effective only in the United States and as of now the company does not have any plans to operate in the overseas market. The study carried out a detailed analysis of the energy drink market of USA in order to get an idea of the business environment. The study revealed that the industry is fiercely competitive due to the presence of a large number of established players. However, Coca Cola being an established firm…
10 pages (2510 words)