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The Marketing Challenge - Assignment Example
Author : janellekub
Pages 6 (1506 words)
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…
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. ...