Preview

Island Shades Case Study Marketing

Satisfactory Essays
Open Document
Open Document
247 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Island Shades Case Study Marketing
Planning is an intricate part of starting a business. When pursuing a new venture, an important part of that process is creating a business plan. In the case study Island Shades, Terry is an entrepreneur interested in selling eyewear. When starting up a business it is not only important to identify your target market, but whether or not the product you are intending on selling is one in demand. A prospective business owner who researches and establishes a comprehensive plan helps clarify the mission of the business.
Terry clearly defined her intended demographic market by identifying the age range, income level, and type of purchasing client. She also identified objectives of the organization by establishing a timeline of the goals.

You May Also Find These Documents Helpful

  • Powerful Essays

    Mktg522 Course Project

    • 8188 Words
    • 33 Pages

    Identifying the specific target market is a crucial step in any marketing plan. The first step is to identify the problem, and then secondly illustrate how the proposed product or service will solve this problem for consumers. It must be easily identifiable so that the target market can clearly understand how the product and service would be beneficial. At the end of the day, K Girls Tasty Treats wants to be the answer to their customers’ every want and need.…

    • 8188 Words
    • 33 Pages
    Powerful Essays
  • Powerful Essays

    Planning helps you determine the purpose of the business. It also helps you know where you are, where you want to go, and how to get there. A plan gives you a path to follow as you seek your goals. It provides details for potential lenders to examine. Lenders must gain insight into your situation before deciding whether or not to lend you money. The business plan serves as a communication tool to consultants, advisers, investors, future employees and suppliers who need to learn about your operation and objective. Collecting data causes you to discuss your proposed business with specialists in your field of interest.…

    • 1376 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Business Plan Activity

    • 450 Words
    • 3 Pages

    You are invited to complete a business plan activity. The business plan is designed to help you communicate what your business will look like as you start and what your goals are for the future. Please review the instructions below.…

    • 450 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    When conceptualizing a business it is important to make sure to create a high quality strategic plan. This plan will help to detail a company’s vision, mission, values, goals, and direction that will be desired once the company has been started. When deciding to start a new company one must decide the best type of business would suit someone as well as to be a successful company. Once this has been completed the strategic plan can be started.…

    • 1248 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Business Plan Marketing 499

    • 6682 Words
    • 27 Pages

    Starting a new/ successful business can be one of the hardest things that a person can do in their life. The business can come second to nothing in life , not even your family. This is often where people make the mistake and get in to deep. Planning is just the beginning but is the most important aspect of the whole process. According to Uggla and Filipsson developing a company brand is one of the most important aspects of starting a business also. They used examples like Adidas, H&M and Microsoft as good companies to look at as examples. A strong foundation to a business will be a huge help in making the business successful and profitable as quickly as possible.…

    • 6682 Words
    • 27 Pages
    Powerful Essays
  • Powerful Essays

    My Coursework

    • 1088 Words
    • 5 Pages

    What is a Business Plan? It is important that a Plan is produced to ensure that the proposed business idea has been thought out before the start up and all aspects of the business have been considered.…

    • 1088 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Shoe Industry

    • 457 Words
    • 2 Pages

    Develop a business plan for a company you intend to start. A business plan is a written description of your business 's future, a document that tells what you plan to do and how you plan to do it. . This plan will document generally projects 3-5 years ahead and outlines the route a company intends to take to grow…

    • 457 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    I thinking planning in general–and business plans in particular–are extremely over-rated. You want to get out into the marketplace as quickly as can and let your customers–and potential customers–decide if you are on to something.…

    • 462 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    A business plan should be presented in many scenarios such as loans, investments, working with partners and management team, also when selling your business. “Most banks require a plan, and even those that don’t strictly require it expect it. They expect it to be a summary of the business, with some predictable key points” (Berry.) Evidently most banks won’t take you serious if a business plan is not presented. As for investments, “the plan won’t get you the investment, but not having a plan will mean you won’t get investment. Investors require a business plan. They invest in the people, the idea, the track records, the market, the technology, and other factors; but they look to the business plan to define and explain the business” (Berry.)When partners are in the picture, a business plan is crucial because no one can read minds and people can forget, so plan is a great firm foundation both parties to rely on. Management team holds the same idea as partners. “The day-to-day business routine is distracting, problems come up, opportunities appear, and commitments should be followed and tracked. How do you know where you are in business…

    • 714 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Marketing Pestel

    • 6926 Words
    • 28 Pages

    Marketing is about anticipating and identifying the wants and needs of a target market of consumers, then satisfying those needs in order to make a profit.…

    • 6926 Words
    • 28 Pages
    Good Essays
  • Better Essays

    Nokia1

    • 4017 Words
    • 12 Pages

    "... a good business plan can help to make a good business credible, understandable, and attractive to someone who is unfamiliar with the business. Writing a good business plan can’t guarantee success, but it can go a long way toward reducing the odds of failure."…

    • 4017 Words
    • 12 Pages
    Better Essays
  • Good Essays

    This Market research will include a business synopsis and also a project outline for the opening of Little Miss cupcake. Market research is critical as it is the chief attribute linking consumers, customers and public to the researcher through statistics assisting the business in identification of consumer behaviors, marketing opportunities and threats therefore strengthening market position by knowledge capital in marketing (Scarborough, 2012 and Kotler, 2008). In simpler words, this market research is very important for every new business and should not be just an once-in-a-lifetime activity. To make this business a successful one research will be conducted on a continual basis to keep up with marketing trends and to maintain a competitive edge. It is said to be vital to understanding the business’s target marketing and increasing sales. This will be done mainly by the use of Journals, Text, surveys, interviews…

    • 2661 Words
    • 10 Pages
    Good Essays
  • Satisfactory Essays

    We can divide our target market according to age, occupation, civil status, nationality, and gender.…

    • 422 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    A business plan will be an important part of planning a business. It can help you get the cash you need to start a business and will serve as a guideline for you. A business plan should have all aspects of the business outlined with what you are supposed to do, how much it will cost, and many more details including where to get equipment, supplies, your menu and how to design the restaurant.…

    • 583 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Successful Business

    • 791 Words
    • 4 Pages

    He would also talk about having experience or research can benefit well to the business as well as also knowing the customers, good records, authority over employees, having money for setbacks and/or taxes plays a part in how successful the business is. Other factors that also play their role are by not having too much spending on credit, don’t over/ underprice products, and the right amount of capital. Having a plan that is well written/worded and formed is a must and to also know that a plan could take a couple months to prepare. In order for a business owner to get a loan/borrow money or have investors willing to invest in the business than a plan is needed.…

    • 791 Words
    • 4 Pages
    Good Essays