Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Marketing control:
Because many surprises occur during the implementation of the marketing plan, the marketing department must practice constant marketing control. Marketing control involves evaluating the results of the marketing strategies and plans and taking corrective action to ensure that objectives are attained. Management fist sets specific marketing goals. It then measures it performance in the market place and evaluates the causes of many differences between expected and actual performance. Finally, management takes corrective action to close the gaps between its goals and its performance. This may require changing the action programs or even changing the goals. Operating control involves checking on going performance against the annual plan and taking corrective action when necessary. It purpose is to ensure that the company achieves the sales, profits and other goals set out in its annual plan. It also involves determining the profitability of different products, territories markets and channels. Strategic control involves looking at whether the company's basic strategies are well matched to its opportunities. Marketing strategies and programs can quickly become outdated, and each company should periodically reassess its overall approach to the market plane. A major tool for such strategic control is a marketing audit. The marketing audit is a comprehensive, systematic, and independent and periodic examination of a company's environment. Objectives, strategies, and activities to determine problem area and opportunities. The audit provides goods input for a plan of action to improve the company's marketing performance. The marketing audit covers all major marketing areas of a business, not just a few trouble spots. It assesses the marketing environment, marketing strategy, marketing organization, marketing systems, marketing mix, and the marketing productivity and profitability. The audit is normally constructed by an objective and experienced outside the party. The finding may come as a surprise and sometimes as a shock to management. Management then decides which corrective actions make sense and how when to important them. The marketing environment: managing the marketing function would be hard enough if the marketer has to deal the controllable marketing mix variables. But the company operates in a complex marketing environment, consisting of uncontrollable forces to which the company must adapt. The environment produces both threats and opportunities. The company must carefully analyze its environment so that it can avoid the threats and take advantage of the opportunities. The company's marketing environment includes forces close to the company that affect its ability to serve consumers, such as other company departments, channel members, supplies competitions, such as to the company departments, supplies and public. It also includes broader such economic forces, political and legal forces, technological and ecological forces, and social and cultural forces. The company needs to consider all of these forces when developing and positioning its offer to the market target.
Question 1: (a) How does the marketing mix help to ensure that marketing effort is effective? (b) Explain in details the elements of marketing mix. Question 2: (i)
Illustrates Advertisement and Ethics together in points? Advertisement and Ethics: Points of both illustrated below: a) The Advertising Standards Council of India (ASC
Handbills and coupons Handbills and coupons are letter size or small sheets of paper that are generally printed from both sides. Advertising distribution companies will compil
(a) Explain the main stages in the production of a 2-minute news item meant to be broadcast on TV. To explain the process, use the example of one of the subsequent events: (i
What is the role of personal selling in presentation and demonstration?
Q. What are the Advantages of advertisement? 1) These have long life these aren't easily perishable. 2) It has broad coverage. 3) It tenders geographical selectivity.
Need some help reversing a calculation using Excel.
HOW SHOULD SHOPPER''S STOP DEVELOP ITS DEMAND FORECASTS?
What is integrated marketing? Integrated Marketing: The duty of a marketer is to diverse marketing activities and assembles completely integrated marketing programs to pro
Q. Explain diffrent types of Illustration of print-ad-copy? Types of Illustration:- Photo of Product. Photo of Product in use. Photos from different angle.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd