a marketing plan is a formal, written document that directs a company’s activities for a specific...
TRANSCRIPT
A marketing plan is a formal, written document that directs a company’s activities for a specific period of time. Provides a roadmap for
how a product will enter a market, be advertised, and sold.
Executive Summary Situation Analysis Goals & objectives Marketing strategies Implementation Evaluation & control Appendix
EXECUTIVE SUMMARY An overview of the
entire plan. Provides information
to people to investors.
SITUATION ANALYSIS Study of internal and
external factors. SWOT analysis
GOALS & OBJECTIVES Objectives must be
single-minded, specific, realistic, measurable, and have a time frame. Mission statement
MARKETING STRATEGIES
Identifies target markets and sets marketing mix choices that focuses on those markets.
IMPLEMENTATION Putting the plan into
action. Requires excellent
communication so tasks are completed on a timely basis. Timetables
EVALUATION & CONTROL Explains exactly how
a specific objective will be measured. Performance standard:
expectation for performance that reflects the plan’s objectives.
Supplemental materials, such as financial statements, sample advertisements, and any other materials that support the plan.