Marketing Plan Assignment – Due Dec 11 – 1:30 PM Early Submission Bonus – 2% per day (max 5 business days) Group Assignment: Between 2 and 5 members per group The purpose of this course is to ensure that each student develop an understanding of Marketing and how to apply marketing knowledge. For this assignment you will create a marketing plan for a fictional restaurant/food service establishment in the Niagara Region. The primary aim of your strategic plan is to get the reader excited about
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Executive Summary The following marketing plan forms the basis for introduction of an innovative new product by the Coca- Cola Company. The analysis allows us to outline the best strategies to follow for the achievement of the company’s strategic goals. “ Bubble Buzz” will be marketed as a unique functional drink while striving to reinforce the company’s status as the leader in innovation and successful product launches. The marketing strategies will enable to reach a market size of an estimated
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continuous analysis of competing forces. Business and marketing strategies need to take advantage of opportunities and to avoid threats. Market leaders and competitors cannot fulfill their executive role unless customer’s needs and desires are understood and satisfied. Strategic marketing is creating a plan to better reach and satisfy customer while increasing profitability and productivity. Competition strategy is an important strategic planning process to help management understand their competitive
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Marketing Strategy Marketing Strategies Implemented by Corporations 1. Strategies based on Market Dominance – In this scheme‚ the companies are classified based on their market share of dominance of an industry. Typically there are four types of market dominance strategies: Leader Challenger Follower Nicher 2. Porter generic strategies – strategy on dimensions of strategic scope and strategic strength. Strategic scope refers to
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Chapter 9 THE MARKETING PLAN AND THE 8 P’S (Where We Would Like to Be?) Marketing Plan is defined as written plan that is used to guide an organization’s marketing activities for a period of two years or less. It is quite detailed and specific‚ and it helps an organization coordinate the many steps and people that play a role in marketing. * Marketing plan is also called as tactical plans or short-term plans. * Strategic plan or a long-term plan is a three-year or more that is more general
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Title: Marketing Plan Name: Course: Instructors Name: Date: Marketing Plan Introduction Marketing plan plays a key role in business management. The essay would explain and cover what is a marketing plan‚ its role and nature‚ structure of marketing plan‚ the relationship between a marketing plan and a business plan‚ the uses of marketing plan‚ elements of marketing plan‚ the purpose of each element‚ the links between marketing plan elements and their independence‚ the misconception between
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Demographics 9 Behavior Factors 9 Marketing Strategy 10 Marketing Mix 10 Product Launch Objectives 10 Target Markets 10 Ballroom Shoe Manufactures 10 Ballroom Schools 10 Ballroom Accessory Companies 11 End User - Professionals 11 Market Needs 11 Customer Value Proposition 11 Branding 11 Promotion 12 Strategies 12 Marketing Research 12 Product Life Cycle 13 Introduction 13 Growth 13 Maturity 13 Decline 13 BCG Growth Matrix 13 Marketing Communication Mix 14 Positioning
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Marketing strategy is defined by David Aaker as a process that can allow an organization to concentrate its resources on the optimal opportunities with the goals of increasing sales and achieving a sustainable competitive advantage.[1] Marketing strategy includes all basic and long-term activities in the field of marketing that deal with the analysis of the strategic initial situation of a company and the formulation‚ evaluation and selection of market-oriented strategies and therefore contribute
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Marketing strategy of the product or service The “Marketing Mix” is a business tool used in marketing products. It is classified into “four Ps”: product strategy‚ distribution (place) strategy‚ communication (promotion) strategy and pricing strategy. “Four Ps” are the variables that marketing managers can control in order to best satisfy customers in the target market. Product Strategy Product differentiation strategy A product strategy identifies that how companies plan to sell their products
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Dictionary defines marketing as ‘the process of a business promoting and selling its products and/or services which also includes market research and advertisement’ (Oxford Dictionaries‚ 2012). The definition is pretty straight forward. From the definition itself‚ it can be drawn that marketing is an essential part of an organization. Modern businesses have understood it‚ thus marketing has become one of the biggest and indispensible part of modern business organizations. Thus marketing has evolved a
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