Carrying out marketing planning and operations strategies assist the marketing managers of GM to be innovative, challenge, authenticate their decisions and benchmark their organization so as to create operational marketing activities and compete effectively with other competitors in the market. Strategic marketing operations equip the marketing managers with operational intelligence that assist in making tactical and strategic decisions. The report comprises of marketing audit, marketing planning and marketing mix that should be adopted by any marketing executive. Contents Executive summary 2 Marketing Audit 5 Marketing plan 7 P.E.S.TE.L ANALYSIS 11 Marketing mix- The 4Ps 11 Business lifecycle 13 B.C.G Matrix 13 Conclusion 13 Reference list 15 Introduction The increase in gas and oil prices, continuous decline of mortgage/housing/credit sectors and the reduced consumer confidence for the last few years have greatly reduced the volume of sales of the automobile industry. This has left the strategic planners of several leading companies in dilemma on how to increase the sales and win the customer confidence. In today’s complex marketing environment, true strategic marketing managers should be equipped with expertise to capture critical messages that are sent by very essential yet mostly non-controllable external factors in the market and continuously using information as a way of changing the essential controllable internal factors of the business to effectively and strategically position the company towards achieving its objective (Solis, 2012). Furthermore, identifying external threats and opportunities by firms could put managers in a position of controlling these factors. Careful analysis of strengths, weaknesses, opportunities and threats will enable managers to position their organization for future success. In order to meet the change in market, shift in liestyles, shift in customer loyalty of GM, I recommend the following strategies to be implemented by the newly appointed manager in the GM company. Identify what competitive position GM MOTORS Before doing anything as a newly appointed marketing manager, he should identify what kind of competitive advantages that the company has. For instance how competitive is the company as compared to other competitors in the same market? Is it a market leader or price setter? The manager has to come up with competitive strategies to outdo other companies like Toyota which have designed gas electric vehicle. Marketing Audit This is the process of analyzing and evaluating marketing activities, approach, aims and results of a firm. The process help GM marketing manager to determine new neglected or unknown markets focus their right messages to intended customers and to refine their plans and strategies to assist in increasing market share. In order to carryout effective market audit, the following processes should be adopted by the manager. 1. Assemble of the overall overview of GM company The newly appointed manager has to understand the overall overview of the company may include the location of the company, sales history, date of establishment, key personnel, number of employees, and company’s chronology of events like divestitures, mergers and acquisitions. He should also know the history of the company since its inception 2. Describe the marketing goals and objectives
Cite this document
(“The Marketing Challenge Assignment Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.net/marketing/109749-the-marketing-challenge
(The Marketing Challenge Assignment Example | Topics and Well Written Essays - 1500 Words)
“The Marketing Challenge Assignment Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.net/marketing/109749-the-marketing-challenge.
Cited: 0 times
The Marketing Challenge Name: Lecturer: Date: Executive summary This report mainly focuses on some of the strategies to be implemented by any marketing manager of General Motors Company. GM is a multinational automobile manufacturing company based in Detroit and is one of the largest public traded companies around the globe…
To achieve these marketing strategies an organization must identify and understand environment dynamic forces which include; PEST, competitors, customers and itself. In this article, I will use an example of a company called Bodywise Health spa. Bodywise Health spa is an organization offering a complete day spa and body workout experiences to small medium sized businesses that offer health services to their employees.
There is also an external assessment to identify opportunities and threats from outside the organization. The standards which translate SWOT into strategies are that a firm should select the strategies that maximize the use of their strengths and minimize reliance on weaknesses to take advantage of environmental opportunities while avoiding threats.
Introduction The discussion in this paper is focused on the development of a marketing plan for the product “GoodHealth” which is a breakfast cereal concentrated on the aspects of nutrition and taste as its key features. The product is intended to be marketed in Australia at its introductory stage and shall later be expanded in other regions of the global food market.
The company has ISO 9001 status as well as 'Qualicoat' status which will be focused in this report. Certificates are due for renewal at the end of this year and report would reveal new developments and processes regarding technological advances and introduction of an integrated IT solution that would require new job roles to be mapped out.
In this perspective, many companies are facing the dilemma of how to conduct their business. Discarding traditional marketing strategies entirely will be almost impossible as it has been used for ages. However, the organisations are also in dire need of new strategies, not only to increase growth but also to maintain relationship with its customers.
Thus, it is a necessity for an organization to excogitate ways of dividing up the tasks necessary for achieving its main purpose without necessarily compromising on the overall coordination and integration.
Segmenting and targeting a market based on physical disabilities or health problems is a violation of sound ethical practices. Lamb, Hair, and McDaniel (2012) explain that an act is moral is it generates maximum benefits to a majority of a population segment.
Evo’s vision is to become a renowned global brand and market sports products to its target market throughout the world. At present, Evo is heavily dependent on the US market. The company generates merely 5 percent of its revenue from outside the United
This essay discovers the Trends of Future Fashion. The global fashion industry is indeed a dynamic industry that calls for constant evaluation of marketing trends, especially considering the heightened level of competition within the industry. It implies that some contemporary fashion marketing trends will be relevant in the next five years.
4 pages (1000 words)Assignment
Got a tricky question? Receive an answer from students like you!Try us!
Let us find you another Assignment on topic The Marketing Challenge for FREE!