Example Of A Marketing Plan For A Business

Example Of A Marketing Plan For A Business-60
While a marketing plan contains a list of actions, without a sound strategic foundation, it is of little use to a business.A marketing plan is a comprehensive document or blueprint that outlines the advertising and marketing efforts for the coming year.

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On the other hand, it should not be too wide or it will become meaningless; "We want to make a profit" is not too helpful in developing specific plans.

Jacob Zimmerem suggested that the definition should cover three dimensions: "customer groups" to be served, "customer needs" to be served, and "technologies" to be used.

Thus, the definition of IBM's "corporate mission" in the 1940s might well have been: "We are in the business of handling accounting information [customer need] for the larger US organizations [customer group] by means of punched cards [technology]." Perhaps the most important factor in successful marketing is the "corporate vision." Surprisingly, it is largely neglected by marketing textbooks, although not by the popular exponents of corporate strategy — indeed, it was perhaps the main theme of the book by Peters and Waterman, in the form of their "Superordinate Goals." "In Search of Excellence" said: "Nothing drives progress like the imagination.

The idea precedes the deed." If the organization in general, and its chief executive in particular, has a strong vision of where its future lies, then there is a good chance that the organization will achieve a strong position in its markets (and attain that future).

It also lets the marketing team to observe and study the environment that they are operating in.

Though it's not clear, behind the corporate objectives, which in themselves offer the main context for the marketing plan, will lie the "corporate mission," in turn provides the context for these corporate objectives.The marketing plan shows the step or actions that will be utilized in order to achieve the plan goals.For example, a marketing plan may include a strategy to increase the business's market share by fifteen percent.For example, if a company's marketing plan goal is to increase sales growth then the company leaders may have to increase their sales staff in stores to help generate more sales.The marketing plan offers a unique opportunity for a productive discussion between employees and leaders of an organization. The marketing plan also allows the marketing team to examine their past decisions and understand their results in order to better prepare for the future.The marketing plan is a general responsibility from company leaders and the marketing staff to take the company in a specific direction.After the strategies are laid out and the tasks are developed, each task is assigned to a person or a team for implementation.It describes business activities involved in accomplishing specific marketing objectives within a set time frame.A marketing plan also includes a description of the current marketing position of a business, a discussion of the target market and a description of the marketing mix that a business will use to achieve their marketing goals.A marketing plan has a formal structure, but can be used as a formal or informal document which makes it very flexible.It contains some historical data, future predictions, and methods or strategies to achieve the marketing objectives.


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