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Question:
 
The marketing plan format is one that is utilized by major corporations all over the country. However,
 
writing a comprehensive marketing plan is a difficult and challenging task, yet, the ability to write such a
 
plan is critical to the development of a marketing manager and an organization. Develop a comprehensive
 
marketing plan.
 
Directions: First, in real-world organization or product β€œFULL SIZE FASHION SALES MARKET”
 
assess in terms of the current situation analysis. In other words, ask yourself: Is the industry growing?
 
What is the market share for the organization that they represent? Who is the dominant player in the
 
market place? Remember, you will need to justify your approach using market research and data.
 
The second step in the process is the actual writing of the plan. Think about the following: What are the
 
goals and objectives for the organization? What is the timing of the plan? What resources will be required
 
to achieve the plan? What are the financial goals?
 
In your marketing plan, make sure to include the following sections:
 
Executive Summary and Table of Contents
 
In the executive summary, make sure you address all the main goals and objectives of your plan. These
 
goals and objectives need to be clear, measureable, and reasonable.
 
Situational Analysis
 
A situational analysis presents a snapshot of the market in its current state by describing the company’s
 
products/services, target segments, distribution networks, and position of the products/services in
 
the segment, along with competing offerings and relative positioning. It includes current and future
 
assessment of the business conditions and challenges.
 
Within your situational analysis, analyze all the following points:
 
Market Summary
 
SWOT analysis
 
Competitor analysis
 
Product offering
 
Keys to success
 
Critical issues
 
Pricing
 
Marketing Strategy
 
The marketing strategy describes the planned direction and goals of the marketing activities,
 
incorporating facts and assumptions about the market size, growth, and financial objectives. Think about
 
the following questions: Where do you see your business going in the next 3-5 years? What is unique
 
about your product portfolio? How will you tell the consumer about your products and unique value
 
MARKETING PLAN 2
 
proposition? How will you stay connected to your target market’s needs and wants? How will you price
 
your product?
 
Within your market analysis, make sure to address the following:
 
Mission
 
Marketing Objectives
 
Product positioning
 
Marketing mix (4 P’s)
 
Marketing research
 
Financials
 
The financials of the marketing plan describe a set of five-year revenue, cost, and profit projections for
 
the marketing plan, including any initial startup costs, sales by channel and segment, and profit margins.
 
Think about the following questions: How much do you plan to sell? What are your factory cost targets?
 
What is your profit target by percent and dollar amount? Remember to include the following in your
 
financials:
 
Sales Forecast
 
Profit targets
 
Controls
 
The controls of the marketing plan describe the budget tactical activities for implementing the plan, as
 
well performance benchmarks for each activity. These include pricing, product configuration, promotion,
 
and distribution performance benchmarks, and plans for changing any of the parameters if performance
 
measures are not met. They are in place to measure forecast and profit attainment. Forecasts should be
 
reviewed monthly and quarterly. Secondly, a 12 month calendar should be developed to clearly target
 
specific dates for product introductions and promotional activity.
 
Remember to include the following:
 
Milestones
 
Implementations and timelines
 
Summary
 
The summary of the marketing plan should summarize the plan by summarizing the size and scope of the
 
opportunity, and reiterating the STP (segmentation, targeting, positioning) and 4 P (product, price, place,
 
promotion) elements of the plan. It should tell the reader that the plan is real, how you will win, and why
 
it is worth pursuing as an organization (RRW). This section should be no longer than one page.

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