What is a marketing strategy

Assignment Help Marketing Management

Reference no: EM131218199 , Length: word count:3000

Develop a marketing plan Assignment-

1. Activity 1A

Objective: To provide you with an opportunity to evaluate marketing opportunity options those addresses organisational objectives and evaluate their risks and returns in the selection process.

What are your main organisational objectives?

Give an example of a marketing opportunity related to your organisation.

How can you evaluate the risks and returns of a marketing option e.g. product design and packaging or distribution?

2. Activity 1B

Objective: To provide you with an opportunity to develop marketing strategies that address strengths and opportunities within the organisation's projected capabilities and resources.

What is a marketing strategy?

What elements are most important for success (rate them on a scale of one to ten - one being least important and five being the most)?

Now give your organisation a rating for each element and compare this to the likelihood of success (above).

3. Activity 1C

Objective: To provide you with an opportunity to develop strategies which increase resources or organisational expertise where gaps exist between current capability and marketing objectives.

What resources do you have?

Give an example of a strategy that you could use to increase one of the above resources.

4. Activity 1D

Objective: To provide you with an opportunity to develop feasible marketing strategies and communicate reasons that justifies their selection.

Draw a diagram that breaks down the process of developing a marketing strategy.

What should you think about when justifying the selection of a strategy?

5. Activity 1E

Objective: To provide you with an opportunity to ensure strategies align with organisation's strategic direction.

How can you align strategies with your organisation's strategic direction?

Summarise what your organisation's mission, vision and corporate values are.

6. Activity 1F

Objective: To provide you with an opportunity to develop a marketing performance review strategy, incorporating appropriate marketing metrics to review the organisational performance against marketing objectives.

What may you want to compare when conducting a competitive analysis?

What are the stages of a product life cycle and why is it important to know?

What is a product portfolio analysis?

7. Activity 2B

Objective: To provide you with an opportunity to identify coordination and monitoring mechanisms for scheduled activities.

Choose one of the below elements and describe how you could monitor it:

Advertising
Promotions
Distribution
Finances.

8. Activity 2C

Objective: To provide you with an opportunity to ensure tactics are achievable within organisation's projected capabilities and budget.

What do you need to ensure that tactics are achievable within organisation's projected capabilities and budget?

9. Activity 2D

Objective: To provide you with an opportunity to ensure tactics meet legal and ethical requirements.

What type of legal and ethical requirements do you need to consider?

What is social responsibility and how can you meet it?

10. Activity 3A

Objective: To provide you with an opportunity to ensure marketing plan meets organisational, as well as marketing, objectives and incorporates marketing approaches and a strategic marketing mix.

What different types of marketing approaches are there?

What is a marketing mix and what does it include?

11. Activity 3B

Objective: To provide you with an opportunity to ensure marketing plan contains a rationale for objectives and information that supports the choice of strategies and tactics.

What should you include in your rationale?

What are the advantages and disadvantages of one of the following tactics:

Differentiated target marketing
Direct marketing
Direct response marketing
E-business
Mass distribution
Mass marketing r Personal selling
Product variety marketing
Promotion marketing

12. Activity 3C

Objective: To provide you with an opportunity to present marketing plan for approval in the required format and timeframe.

If your organisation has a template for marketing plans attach it here. What information is needed when presenting your marketing plan for approval?

What other format considerations are there?

13. Activity 3D

Objective: To provide you with an opportunity to adjust marketing plan in response to feedback from key stakeholders and disseminate for implementation within the required timeframe.

Who are your stakeholders?

What do you need to consider when implementing adjustments?

14. Skills and Knowledge Activity

Objective: To provide you with an opportunity to demonstrate your knowledge of the foundation skills, knowledge evidence and performance evidence.

Complete the following individually and attach your completed work to your workbook.

The answers to the following questions will enable you to demonstrate your knowledge of:

Reading
Writing
Oral communication
Numeracy skills
Navigate the world of work
Interact with others
Get the work done
Organisational structure, products and services and overall strategic and marketing objectives
Common marketing opportunity options
Common marketing strategies and marketing approaches
Processes to ensure marketing strategies, approaches and marketing mix align to organisation's objectives and are legal, ethical and achievable
Legislative and regulatory context of the organisation as relevant to the marketing plan

Answer each question in as much detail as possible, considering your organisational requirements for each one.

1. What tips can you give for communicating verbally?

2. How can you demonstrate leadership skills?

3. What codes of practice do you have to consider?

4. Create an action plan in table form to help you set targets and goals.

5. How can you monitor the effects of advertising?

15. Major Activity

Objective: To provide you with an opportunity to demonstrate your knowledge of the entire unit.

This is a major activity - your instructor will let you know whether you will complete it during class or in your own time.

Attach your completed answers to the workbook.

You must individually, answer the following questions in full to show your competency of each element:

1. Devise marketing strategies

2. Plan marketing tactics

3. Prepare and present a marketing plan

Complete the following as part of a portfolio:

1. Using your organisation's objectives demonstrate how you could devise marketing strategies.

2. Demonstrate how you could plan marketing tactics.

3. Prepare and present a marketing plan (you could present this as part of a role play in groups or in the workplace).

Reference no: EM131218199

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