Strategic Planning in Marketing Preface The purpose of the strategic planning is to find ways in which the company can best use its strengths to take advantage of the opportunities in the environment. For long run survival and growth‚ companywide strategic planning is done which involves defining a company’s mission‚ setting companies goals and objectives‚ designing the business portfolio‚ planning other functional strategies. Marketing Strategies and programs operate within the broader strategic
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UNIVERSITY OF EASTERN AFRICA FACULTY OF COMMERCE DEPARTMENT OF MARKETING AND MANAGEMENT UNIT TITLE : MARKETING PLANNING AND CONTROL TASK : Analyze the importance of control. (10mks) : Discuss any major problems that confront attempts to control and evaluate market activities. (10mks) : Marketing planning is difficult for Toy companies because toys tend to be fads
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firms such as Walmart to achieve operational excellence. True False 2. To build a sustainable competitive advantage‚ companies should focus on a single strategy. True False 3. It is not always necessary to go through all the steps in the marketing planning process. True False 4. A mission statement describes the specific actions a firm will take to achieve its goals. True False 5. iTunes software is often credited for the success of the Apple iPod MP3 player‚ because it made the iPod easier
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Assessment 2 2 A) The four objectives of market plans for the future by Z Energy are:- Product price promotion and place. Product : For Z energy their main product is the fuel they sell in the market to attract its customers so it is very imortant for them to maintain the quality of the fuel they are selling so as to stay in the competitive market. The fuel they are selling should be more clean so that it improves the engine life and helps the car in running longer and should have special additives
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Assess the practical value of strategic marketing planning models to today’s marketing managers. The four P’s are essential for any company wanting to implement the marketing concept‚ unfortunately these tools only concern the operational side of an organisation (they identify the wants and needs of a customer and then present them as a product). If a company wants to succeed and survive in the future they must focus on marketing planning‚ this concept concentrates on where the company currently
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GSK Marketing Planning | March 31 2013 | Calvin Cheung‚ Hussain Al Katib‚ Manpreet Budwal‚ Sandra Okechukwu | SOSTAC Review based on GlaxoSmithKline | Content Table of Contents 1.0 Introduction2 2.0 Situation Analysis3 2.1 PESTEL Analysis3 2.2 SWOT Analysis4 2.3 Boston Matrix5 2.4 Porter’s Five Forces Analysis6 3.0 Objectives8 4.0 Strategy9 4.1 Product9 4.2 Price9 4.3 Promotion9 4.4 Place10 4.5 Person10 4.6 Process10 4.7 Physical Evidence10 5.0 Tactics11 6.0 Action Plan12
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Marketing Planning Process - Introduction Author: Jim Riley Last updated: Sunday 23 September‚ 2012 Macdonald (1995) suggests that several stages have to be completed in order to arrive at a strategic marketing plan. These are summarised in the diagram below: Marketing Planning Process The extent to which each part of the above process needs to be carried out depends on the size and complexity of the business. In a small or undiversified business‚ where senior management have a strong knowledge
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disasters that affect both operations and sales‚ they have made reliable end-to-end supply and demand planning increasingly challenging. Successful management of extreme market and demand volatility has become the new mantra of supply chain managers around the globe. Macroeconomic cycles of growth‚ contraction and recovery have become erratic‚ making reliable end-to-end supply and demand planning increasingly challenging. Disruptions caused by recent natural disasters have added to supply chain
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Module: MARKETING MANAGEMENT Assignment Title: THE MARKETING PLANNING PROCESS Background: The marketing mix comprises of the standard 4Ps (or other models). The 4Ps can easily be identified and applied in practice. However‚ it can be difficult to balance the 4Ps in order to provide the right product/services to the right customer at the right place and at the right time. It is therefore not surprising that marketing is both an art and science‚ as the act of balancing the marketing mix requires
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Principles of Marketing: An Asian Perspective L1 Marketing: Managing Profitable Customer Relationships 1 © 2012 Principles of Marketing: An Asian Perspective Outline of Concepts • • • • Define marketing and the marketing process. Identify and discuss the five core marketing concepts. Discuss the marketing management orientations that guide marketing strategy. Discuss customer relationship management and approaches for building lasting customer relationships. 2 © 2012 Principles
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