Preview

Formal Marketing Control

Good Essays
Open Document
Open Document
1016 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Formal Marketing Control
Input control

There are different actions needed before the execution of the marketing plan. Financially, more funds are needed for advertising MIXY to increase awareness, new product development, and better colors for the packaging. MIXY is not advertised and it needs to be in a larger product line to compete better. Also, as the packaging is made by the same supplier as CL, it should differ to be easily recognized. More expenditure is also needed for the R&D as the company is strong in this field. It has an opportunity to provide product with more mixed flavors in addition to what it has for the moment like avocado, peach… to be recognized by the local customers as a product with a strong added value that does not exist in the market. New systems will be bought to better develop MIXY. When it comes to the human resources, COPAG needs to merchandisers and a product manager in order to well maintain the marketing plan. The product manager function is to improve MIXY as a product with mixed flavors. Different tasks will be given to him in order to enhance it. The merchandisers will be outsourced to work in allow consumers in MARJANE and ACIMA to taste MIXY and offer them gifts.

Process control:

To ensure that the existing inputs and the additional are doing well, many actions are needed during the execution of the marketing plan. For the product manager, he has to work in a multi-disciplinary team to check whether all functional areas in addition to the marketing department are following similar goals and objectives. In addition to this, one important task that they have is that they should to keep an eye on all factors affecting MIXY like the components of the product in the production department. Every merchandiser should be invited to give his opinion in terms of what he sees and what he believes it needs to be done. The merchandisers need to be controlled and evaluated to check whether they are doing their job. If it is the case, commissions

You May Also Find These Documents Helpful

  • Better Essays

    This document discuss how marketing plans helped make a product or service successful and how decision in marketing plan could take you to failure among the differences between the help provided by marketing plan and the decision taken that lead to failure.…

    • 1449 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    marketing plan

    • 4590 Words
    • 19 Pages

    There are also a few actions that have to be taken by the partners. First of all, the market to target their promotion on has to be selected. Next, a suitable promotion plan has to be created to attract their target market. Finally, the product pricing and final product offering needs to be decided upon.…

    • 4590 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    The marketing mix should consist of the following: the right product; making sure it’s sold at the right price; in the right place and to make sure it’s used in the most suitable promotional techniques. Furthermore, one example of a company who ensures it meets its marketing mix is Sainsbury’s. Sainsbury’s as a marketer ensures that their products have the right features – for example: looking good and working to a satisfactory standard with its customers. Sainsbury’s also ensure that they meet their marketing mix by ensuring that their prices are right. In order for the company to take in a huge sum of profit, they must ensure that their prices are right so that consumers can buy in large numbers in order to provide profit towards the company. They also ensure that products are in the right place at the right time so that they can provide a service to their consumers efficiently in order to make profit. Finally, the last technique that Sainsbury’s will use to meet their marketing mix is promotion. In order to meet their marketing mix, Sainsbury’s advertise and promote their existence to their target audience so that they are aware of their products. Ideally, successful promotion helps a firm spread costs over a larger output which is why Sainsbury’s focus purely on this marketing technique. However, there are other methods/ techniques that are authentic to Sainsbury’s alone such as divisions. Hence, Sainsbury’s divides its customers and marketing department into three components. A marketing team will focus purely on improving the brand awareness across a range of channels and outlets using Sainsbury’s website. Moreover, the companies media team will focus on maintaining a positive image in the newspapers and television along with magazines and the internet while the customer team focuses on improving and working on the aftersales experience of the company.…

    • 850 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Unit 9 D1

    • 1327 Words
    • 6 Pages

    Explain the stages in the marketing planning process in particular with reference to marketing objectives, targets, monitoring, control and evaluation.…

    • 1327 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Capsim Simulation S't'R'a'Te

    • 3387 Words
    • 14 Pages

    For product managers, first of all, they need to determine product features in each market segment according to customer buying criteria. For example, in traditional market segment age is the most important product attribute for customers, so Daze manager should revise the positioning and aim to the 2.0 age; in high-end market segment, positioning is the most important, so the manager has to make a product to the ideal spot as close as possible.…

    • 3387 Words
    • 14 Pages
    Good Essays
  • Good Essays

    Going East Visions

    • 431 Words
    • 2 Pages

    2. The partners could implement ‘Product’ by offering one of sufficient value. As mentioned in the text, the industry is currently facing very competitive prices. Having a productive of great value would only assist to separate them from the rest of the industry. In terms of ‘Pricing’ I would definitely not sale at suggested retail price, because according to the text the competition is offering substantial discounts to generate sales. Therefore, I would suggest offering volume discounts or wholesale pricing. This would allow the partners to compete with opponents, especially if they offer a superior product. ‘Promotion’ itself is a very big concern, as the company itself has asked, “What type of marketing strategy will be most effective?” The partners should consider increasing the marketing communication budget, and attempt to penetrate the market with a promotional strategy that communicates information about the product that generates a positive customer response; that should be the goal. ‘Place’ has much to do with the distribution decisions. Inventory management…

    • 431 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Leadership Portfolio

    • 1441 Words
    • 6 Pages

    * Sales and Marketing management – For successful selling, marketing and merchandising of a new product…

    • 1441 Words
    • 6 Pages
    Better Essays
  • Good Essays

    The drawback or negative aspect of incorporating marketing into the sales function of an organization is coordination and cooperation”. The sales force or powers believe that the product managers set prices or sale ration “too high”; or the publicity director and a trademark manager could not concur on an advertising operation or campaign” (Kotler & Keller, 2009, p. 24). In order to do extremely well, all members of the society or organization should work in unity.…

    • 389 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Goya

    • 336 Words
    • 2 Pages

    The major marketing management decisions can be classified in one of the following, product, price, place, and promotion. These variables are known as the company’s marketing mix or the 4 P’s of marketing. The purpose of this report is to analyze the four components of the marketing mix of the Goya Food brand.…

    • 336 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The key to successful product implementation in today’s national enterprise system is the effective marketing of a new product with the company’s line of existing products. As stated by Lacobucci (2012), marketing is defined as an exchange between a company and its customers. The customer wants something from the company or firm and vice versa.…

    • 1862 Words
    • 8 Pages
    Good Essays
  • Good Essays

    The 6 Ps of Promotion

    • 1469 Words
    • 6 Pages

    Product is the first element of the retail marketing mix. This is the most important element because it is the merchandise itself. A lot of time and consideration has to be put in figuring out and deciding on the product. The business people must line up a series of proposals before deciding on…

    • 1469 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    A marketing plan is vital to businesses in achieving the main marketing objectives. Such objectives include increase sales, increase market share and product development. It is a document that lists activities aimed at achieving particular marketing outcomes in relation to goods and services. The three important marketing processes in a marketing plan are situational analysis, develop marketing strategies and implementation, monitoring and controlling. It is evident that businesses such as Darrell Lea and Sony have demonstrated the importance of the three marketing processes. However this does not result in disregarding the remaining three because the marketing plan as a whole impacts on the business significantly.…

    • 1038 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    The implementation of a successful marketing program for a product and/or service lies in the idea of having complete faith in the product and/or service, of high quality and functionality, to meet the market's needs and expectations, and to courageously initiate such an endeavor, in spite of the magnitude of challenges that threatens the vitality of the organization. A marketer's job consistently involves the idea of the uncertain and the chartering of undiscovered, new market segments and territories, that may result in great profitability for the company or complete utter financial implosion. In order for a product and/or service to be marketed effectively, the company must project high…

    • 880 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The marketing mix "involves using the various tools and techniques available to managers in order to implement the marketing concept" (McDonald, 2002). It is of great importance that the products of the company correspond to the customers' wants, this process is referred to as product management. Marketing is essential due to the increasingly aggressive and compound environment in which companies operate. The most common objectives that companies set are usually maximization of revenue and profits and return on costs and investments.…

    • 2233 Words
    • 9 Pages
    Good Essays
  • Powerful Essays

    * Maggi does not focus heavily on print media during its launch since its initial target audience was mothers and kids.…

    • 1622 Words
    • 7 Pages
    Powerful Essays