SlideShare a Scribd company logo
1 of 29
Module 5:
Implementation
of
Marketing Plans
and
Strategies
Marketing Plan
The role of marketing plan is to ignite the
customers to be informed, be persuaded, and be
reminded to buy a product or avail of a service.
To fulfill this role, this module will teach you how
to make marketing concepts a reality. The
implementation of a marketing plan and
strategies is the stage when the entrepreneur
puts his or her marketing ideas into action.
By Renalyn C. Dejos
Implementing the Marketing Plans and
Strategies
Preparing a market plan and implementing a
market plan are two different disciplines.
Preparing a marketing plan is research-based, very
technical, and focused on coming up with a
methodical marketing plan. Implementing a
market plan is strategy and tactics-based, needs
manpower to execute, and is results-oriented.
By Renalyn C. Dejos
Here are the ideal marketing plan
implementation steps:
Step 1: Divide the marketing plan into small
manageable pieces and manageable time
lines.
-the entrepreneur must discuss the marketing
plan and the marketing objectives thoroughly to
the marketing team at the onset and establish
accountabilities.
By Renalyn C. Dejos
The value proposition, the unique
selling proposition, and the 7p’s or
the marketing mix must be clear
with the members of the marketing
team and why these were chosen to
best communicate the product or
service to target customer.
By Renalyn C. Dejos
The entrepreneur must also
discuss thoroughly with the
marketing team critical
implementation aspects such as
organizational preparedness,
allotted budget, implementation
schedule, and risks.
By Renalyn C. Dejos
Promotional strategies to be
implemented such as sales promotion,
public relations, advertising direct selling,
or personal selling, and task to be divided
must also be explained well among the
marketing team members. The
proportional channel to be used must
also be clear them, as to why these are
considered the most effective.
By Renalyn C. Dejos
Risks must always be factored in so
that the marketing team is ready to
counter all the negative effects of the
marketing plan implementation. These
risk could be in the form of
reputational risk, financial risk, or
strategic marketing risk.
By Renalyn C. Dejos
Example of unique selling proposition, value proposition, marketing
mix strategies, and tactics for an online clothing business:
7ps marketing mix strategies:
Product –Hand-made fashionable clothes
Place –Online/internet
Price –Penetration pricing (will start with low price until it peaks)
Promotion –internet marketing (e-mails, social media, web sites)
People -24/4 helpdesk
Packaging –organic paper
Process –return policy of 10 calendar days
By Renalyn C. Dejos
For a detailed and organized timeline,
entrepreneurs usually prepare a Gantt
Chart. A Gantt Chart is an important
implementation tool that enumerates all
the planned marketing activities into one
file and arranges the marketing activities
chronologically, together with the
interrelations with each other
dependencies.
By Renalyn C. Dejos
Sample of a Gantt Chart
Personal Responsible Specific Marketing Tactic Timeline and
Deliverables
Budget
E-mail marketer Sends first batch of clothing
products with special
discounted prices to the first
500 primary target market’s
e-mail addresses
Channel: Internet Marketing
strategy: Sales promotion,
online advertising
Beginning January 2016
and must be sent every
month
₱50 000
Discount: ₱100 off for
every purchase x 500 =
₱50 000
Social media marketer Gives special discount prices
to first 100 customers who
will like the page on
Facebook or follow on
Twitter, and purchase any
clothing product
Channel: Internet
Marketing strategy: sales
promotion, social media
marketing
January 2016 ₱20 000
Special discount:
₱200 x 100=
₱20 000
By Renalyn C. Dejos
Web site designer Creates a Web site
where customers can
choose, order online,
pay online, and
deliver goods to the
customer's
doorsteps
Channel: Internet
Marketing strategy:
Web site advertising
January-June 2016 ₱100 000
Personal Responsible Specific Marketing
Tactic
Timeline and
Deliverables
Budget
By Renalyn C. Dejos
Step 2: Explain and delegate the marketing tasks to
assigned individuals.
In the previous table, the online clothing
entrepreneur must discuss the marketing objectives
and the specific marketing tasks to assigned people
so they know exactly what they will do and when to
deliver them. The entrepreneur must also update,
monitor, and evaluate the marketing assignments
every week or every month depending on the
importance and urgency of the marketing task.
By Renalyn C. Dejos
From the previous table, assuming he
entrepreneur also planned to launch the
online clothing business using traditional
approaches aside from the internet and
mobile, these tasks must be explained and
delegated well to the marketing team to
avoid confusions and to execute the plans as
imagined.
By Renalyn C. Dejos
Marketing Tactic and
Channel to be used
Personal Responsible Rationale Timeline
Direct marketing
-newsletters and
infomercials using social
media
Direct marketer To instigate awareness to the
primary target market and
eventually lead to purchase
January-June 2016
Public
-press releases via a reliable
fashion Web site of a famous
fashion blogger
PR coordinator To establish a credible online
reputation because the
internet is susceptible to
various threats
January- March 2016
Sales promotion
-₱500 off and free delivery
fee on the first online
purchase of any clothing
product
Digital marketer To encourage the primary
target market to try the
product and eventually to
change the habit from
traditional purchase to
online purchase
January- March 2016
By Renalyn C. Dejos
Step 3: Keep the communication line open
The entrepreneur must ensure that the line of
communication between him or her and the
marketing team is always open to avoid
implementation issues. This is very critical because
if there is a communication gap, customers will be
the ones to suffer. In the previous example, the
online clothing entrepreneur and his or her
marketing team must ensure that they talk
regularly to ensue that the marketing execution is
done as planned. By Renalyn C. Dejos
By Renalyn C. Dejos
With the advent of technology, the
entrepreneur and his or her marketing team
can communicate via face-to-face meetings,
landline, mobile phone, or in the internet.
Communication channels these days have
been revolutionized by technology, thereby
leaving no reason for the modern
entrepreneur to not communicate well with
his or her marketing team.
By Renalyn C. Dejos
By Renalyn C. Dejos
Step 4: Monitor accomplishments and progress.
Each of the marketing team member’s task must be monitored and
evaluate to see if the deliverables were done correctly and timely. The
entrepreneur must also review the results according to the set standards
(highly acceptable, acceptable, a little bit acceptable, or not acceptable).
If there are marketing tasks that were not performed as planned, the
entrepreneur must help the employee is not a viable option, he or she
can resort to transferring the employee to other functions that he or she
will be better use. Using the example chart in step 1, add two more
columns for Performance Score and on-time Delivery Score. The
entrepreneur must check the progress on weekly or monthly basis
depending on the nature of the business and marketing objectives. He or
she also interpret the results so that he or she knows what to do next.
By Renalyn C. Dejos
Table 5.3 Adding the scores for each task delegated
Scores: 5-Perfectly done/Way before the deadline; 4-Above average/Almost before
the deadline;3-average/Done on time; 2-poorly done/later than the deadline; 1-not
done at all/Way beyond the deadline
Person
Responsible
Specific
Marketing
Tactics
Timeline Performance On-time
E-mail marketer E-mail
marketing
campaign
Every month
beginning
January 2016
? ?
Social media
marketer
Facebook and
Twitter Page
January 2016
? ?
Web site designer Transacting the Web
site
January-June 2016
? ?
By Renalyn C. Dejos
Step 5: Open yourself to relevant ideas of your marketing team.
Because the ones in the frontline are the entrepreneur’s
marketing team members, the entrepreneur should listen carefully
to all their specific insights and findings and document them. They
have the firsthand experience and idea about the behavior,
psychology, demographics, and geography of the target market.
They can better describe to the entrepreneur the picture of reality
–the marketing plan implementation results and other relevant
feedback that may not be covered by the marketing plan.
Marketing plans are not fully encompassing. Many times, it is the
implementation stage that the entrepreneur gets the best
marketing ideas and not on the product or service development
stage.
By Renalyn C. Dejos
Person Responsible Feedback from the Marketing Team
E-mail marketer Even though most of the target market have e-mail
addresses, 45% of them have not to read the entire
email marketing campaign because the e-mail was
heavy in pictures. Most of the recipients are using a
basic data plan for their mobile phones.
Social Media The target market responded positively wit the
social media campaigns. The sales price discount for
the first 100 persons who liked the Facebook page
or followed the campaign o Twitter worked. They
request that another batch of discount be given
soon.
Web site designer A mobile application can also be done
simultaneously to mirror t functionality of the Web
site because 90% of the target market are using
smartphones.
By Renalyn C. Dejos
Step 6: Adapt to the internal and external factors
that effect the marketing function.
The entrepreneur must always be at pace with
the changes happening within and outside the
environment where his or her business operates.
The entrepreneur must not ignore all relevant
factors so he or she knows how to counter them or
follow them by devising a revisited accordingly. It
evolves I relation to the internal movements and
the market condition where it operates.
By Renalyn C. Dejos
Table: Sample internal and external factors for the following tactics
Marketing Tactic in 2016 Internal Factor External Factor Marketing Tactic in 2017
Online ordering via
Web site
90% of target market
have smartphones with
a data plan.
Ordering via Web site
and mobile application
E-mail marketing alerts
every month where the
e-mail marketers adds
e-mail addresses of
new customers receive
the e-mail alerts one
week after registration.
A system that
automatically adds new
customers‘ e-mail
addresses is purchased.
E-mail marketing alerts
every month. New
customers will receive
the e-mail alerts one
day after registration
Social media campaigns
and promos in Facebook
and Twitter
40% of the target market
joined Instagram in 2016
Add Instagram as a new
channel for social media
promos.
By Renalyn C. Dejos
Step 7: Incorporate incentives and penalties for motivation
One of the best ways to do it is to incentivize the marketing
team. On the other hand, nonperformance or mediocre
performance of the marketing team should also have some
consequences. These incentives and penalties will always
remind the members of the team to keep themselves on
their toes. The low team members should be given
reasonable chances before replacing them or transferring
them to another department or unit. Incentives have been
proven to really work well in motivating employees.
By Renalyn C. Dejos
Marketing Tactic Performance Metrics Incentive
Send first batch of clothing products
wit special discounted prices to the
first 500 primary target market’s e-
mail addresses
Channel: internet
Marketing strategy: Sales
promotion, online advertising
• Conversion rate to sales
• Bounces rate ( undelivered e-
mail)
• E-mail sharing or forwarding rate
• List growth rate
Commission for every sale
generated by the e-mail marketing
campaign
Give special discount prices to first
100 customers who will like the
page on Facebook or follow on
Twitter, and purchase any clothing
product
Channel: Internet
Marketing strategy: sales
promotion, social media marketing
• Conversion rate to sales
• Brand search volume
• Lead growth
• Brand sentiment
• Inbox links
• Social media engagement
One –time bonus if there will be
1 000 incremental customers on top
of the first month after launch
By Renalyn C. Dejos
Create a Web site
where customers can
choose, order, and pay
online, an deliver
goods to the
customer’s doorsteps
Channel: Internet;
Marketing strategy:
Web site advertising)
• Number of visitors
• Number of referrals
• Bounce rate (visitor
of the Web site that
immediately clicks
the back button)
• Exit pages
• Conversion rate
New mobile gadget if
the visitors reached 1
500 on the first month
of Web site launch
By Renalyn C. Dejos
Step 8: Analyze and interpret the results.
This final step is one of the most crucial. The entrepreneur must
analyze and interpret the overall results of the marketing plan
implementation. Each accomplished marketing task must be marked
as a milestone to recognize that a task is already executed as
envisioned. All the relevant insights and learning must be recognized
and incorporated in the next marketing plan. Effective marketing
strategies and tactics must be maintained and monitored if they still
work. If there are signs that the strategies lose effectiveness, the
entrepreneur must be vigilant to revise them urgently. The
entrepreneur must always be updated with the internal and external
surrounding s, so he or she can always include these factors in
devising new and relevant marketing strategies and tactics for the
next marketing plan.
By Renalyn C. Dejos
There are so many entrepreneurs in the
Philippines who have generated bright and unique
business ideas and excellent marketing plans, but
some of them did not succeed. The major reasons is
poor implementation will give the entrepreneur an
edge against the competitors. Consistent successful
marketing plan implementation, on the other hand,
will sustain the business and establish credibility to
customers.
By Renalyn C. Dejos
The END

More Related Content

What's hot

Developing a Marketing Plan
Developing a Marketing PlanDeveloping a Marketing Plan
Developing a Marketing PlanRyan Hegreness
 
RESUME-JOE CARTAYA
RESUME-JOE CARTAYARESUME-JOE CARTAYA
RESUME-JOE CARTAYAJoe Cartaya
 
Personal Power Point Present
Personal Power Point PresentPersonal Power Point Present
Personal Power Point PresentMark Onderko
 
Sumit CV Updated
Sumit CV UpdatedSumit CV Updated
Sumit CV Updatedsumit kumar
 
Marketing Planning Guide
Marketing Planning GuideMarketing Planning Guide
Marketing Planning GuideJohn Inman
 
Marketing Manager James Fisher
Marketing Manager James FisherMarketing Manager James Fisher
Marketing Manager James FisherJamesFisher
 
managerial activity
managerial activitymanagerial activity
managerial activityraishalini
 
James Stoner's Resume-1
James Stoner's Resume-1James Stoner's Resume-1
James Stoner's Resume-1James Stoner
 
A1MarketingPro Will Help You Grow!
A1MarketingPro Will Help You Grow!A1MarketingPro Will Help You Grow!
A1MarketingPro Will Help You Grow!Judy Kolo-Rose
 
Mk0013– marketing research
Mk0013– marketing researchMk0013– marketing research
Mk0013– marketing researchRohit Mishra
 
Social media marketing 101 workbook
Social media marketing 101 workbookSocial media marketing 101 workbook
Social media marketing 101 workbookJulie Wynn
 
Yomna Hassan El Shamy CV
Yomna Hassan El Shamy CVYomna Hassan El Shamy CV
Yomna Hassan El Shamy CVYomna El Shamy
 
What does a marketing plan includes ?
What does a marketing plan includes ?What does a marketing plan includes ?
What does a marketing plan includes ?Sameer Mathur
 
BSBMKG603 Mapping 2015 Manage the marketing process
BSBMKG603 Mapping 2015 Manage the marketing processBSBMKG603 Mapping 2015 Manage the marketing process
BSBMKG603 Mapping 2015 Manage the marketing processMuna Haider
 
Marketing Executive eBay Oct2011
Marketing Executive  eBay Oct2011Marketing Executive  eBay Oct2011
Marketing Executive eBay Oct2011markbulgin
 

What's hot (18)

Developing a Marketing Plan
Developing a Marketing PlanDeveloping a Marketing Plan
Developing a Marketing Plan
 
RESUME-JOE CARTAYA
RESUME-JOE CARTAYARESUME-JOE CARTAYA
RESUME-JOE CARTAYA
 
Personal Power Point Present
Personal Power Point PresentPersonal Power Point Present
Personal Power Point Present
 
Marketing plan final
Marketing plan finalMarketing plan final
Marketing plan final
 
Sumit CV Updated
Sumit CV UpdatedSumit CV Updated
Sumit CV Updated
 
Marketing Planning Guide
Marketing Planning GuideMarketing Planning Guide
Marketing Planning Guide
 
Marketing Manager James Fisher
Marketing Manager James FisherMarketing Manager James Fisher
Marketing Manager James Fisher
 
managerial activity
managerial activitymanagerial activity
managerial activity
 
6 imc planning
6 imc planning6 imc planning
6 imc planning
 
James Stoner's Resume-1
James Stoner's Resume-1James Stoner's Resume-1
James Stoner's Resume-1
 
A1MarketingPro Will Help You Grow!
A1MarketingPro Will Help You Grow!A1MarketingPro Will Help You Grow!
A1MarketingPro Will Help You Grow!
 
Mk0013– marketing research
Mk0013– marketing researchMk0013– marketing research
Mk0013– marketing research
 
IMC
IMCIMC
IMC
 
Social media marketing 101 workbook
Social media marketing 101 workbookSocial media marketing 101 workbook
Social media marketing 101 workbook
 
Yomna Hassan El Shamy CV
Yomna Hassan El Shamy CVYomna Hassan El Shamy CV
Yomna Hassan El Shamy CV
 
What does a marketing plan includes ?
What does a marketing plan includes ?What does a marketing plan includes ?
What does a marketing plan includes ?
 
BSBMKG603 Mapping 2015 Manage the marketing process
BSBMKG603 Mapping 2015 Manage the marketing processBSBMKG603 Mapping 2015 Manage the marketing process
BSBMKG603 Mapping 2015 Manage the marketing process
 
Marketing Executive eBay Oct2011
Marketing Executive  eBay Oct2011Marketing Executive  eBay Oct2011
Marketing Executive eBay Oct2011
 

Similar to Implementation of Marketing Plans and Strategies

Our report in Entrepreneurship (PowerPoint)
Our report in Entrepreneurship (PowerPoint)Our report in Entrepreneurship (PowerPoint)
Our report in Entrepreneurship (PowerPoint)jojobam012
 
Digital marketing strategy_guide_intermediate_level
Digital marketing strategy_guide_intermediate_levelDigital marketing strategy_guide_intermediate_level
Digital marketing strategy_guide_intermediate_levelNarendraNath26
 
Rewiring marketing: a practice based approach
Rewiring marketing: a practice based approachRewiring marketing: a practice based approach
Rewiring marketing: a practice based approachBrowne & Mohan
 
Integrated Promotion Decisions
Integrated Promotion DecisionsIntegrated Promotion Decisions
Integrated Promotion DecisionsVikram Dahiya
 
Notes of Promotion and Distribution Management
Notes of Promotion and Distribution ManagementNotes of Promotion and Distribution Management
Notes of Promotion and Distribution ManagementSyed Valiullah Bakhtiyari
 
Notes on Promotion and Distribution Management
Notes on Promotion and Distribution ManagementNotes on Promotion and Distribution Management
Notes on Promotion and Distribution ManagementSyed Valiullah Bakhtiyari
 
The B2B Full-Funnel Marketers Handbook
The B2B Full-Funnel Marketers HandbookThe B2B Full-Funnel Marketers Handbook
The B2B Full-Funnel Marketers HandbookMohamed Mahdy
 
2014 marketing_your_food_product.ppt
2014 marketing_your_food_product.ppt2014 marketing_your_food_product.ppt
2014 marketing_your_food_product.pptHassanAdil15
 
Sakshi Gupta, BBA , Dezyne E'cole College
Sakshi Gupta, BBA , Dezyne E'cole CollegeSakshi Gupta, BBA , Dezyne E'cole College
Sakshi Gupta, BBA , Dezyne E'cole Collegedezyneecole
 
Happy Juice principles: How to create a marketing organization that informs a...
Happy Juice principles: How to create a marketing organization that informs a...Happy Juice principles: How to create a marketing organization that informs a...
Happy Juice principles: How to create a marketing organization that informs a...Browne & Mohan
 
Sales & marketing overview for web development &
Sales & marketing overview for web development &Sales & marketing overview for web development &
Sales & marketing overview for web development &Mohammed Rafique Shaikh
 
Planning and execution of marketing strategy for pleximus
Planning and execution of marketing strategy for pleximusPlanning and execution of marketing strategy for pleximus
Planning and execution of marketing strategy for pleximusAmy Mary Vijay
 
Steve Trahanas - factors to consider when planning your digital marketing st...
Steve Trahanas -  factors to consider when planning your digital marketing st...Steve Trahanas -  factors to consider when planning your digital marketing st...
Steve Trahanas - factors to consider when planning your digital marketing st...Stevetrahanas
 
10 question zhuchaofan
10 question  zhuchaofan10 question  zhuchaofan
10 question zhuchaofanChaofan Zhu
 

Similar to Implementation of Marketing Plans and Strategies (20)

Our report in Entrepreneurship (PowerPoint)
Our report in Entrepreneurship (PowerPoint)Our report in Entrepreneurship (PowerPoint)
Our report in Entrepreneurship (PowerPoint)
 
Digital marketing strategy_guide_intermediate_level
Digital marketing strategy_guide_intermediate_levelDigital marketing strategy_guide_intermediate_level
Digital marketing strategy_guide_intermediate_level
 
Rewiring marketing: a practice based approach
Rewiring marketing: a practice based approachRewiring marketing: a practice based approach
Rewiring marketing: a practice based approach
 
Integrated Promotion Decisions
Integrated Promotion DecisionsIntegrated Promotion Decisions
Integrated Promotion Decisions
 
Notes of Promotion and Distribution Management
Notes of Promotion and Distribution ManagementNotes of Promotion and Distribution Management
Notes of Promotion and Distribution Management
 
Notes on Promotion and Distribution Management
Notes on Promotion and Distribution ManagementNotes on Promotion and Distribution Management
Notes on Promotion and Distribution Management
 
Notes imc
Notes imcNotes imc
Notes imc
 
Digital Marketing Strategies In 2015
Digital Marketing Strategies In 2015Digital Marketing Strategies In 2015
Digital Marketing Strategies In 2015
 
The B2B Full-Funnel Marketers Handbook
The B2B Full-Funnel Marketers HandbookThe B2B Full-Funnel Marketers Handbook
The B2B Full-Funnel Marketers Handbook
 
Chap14 econ 161
Chap14 econ 161Chap14 econ 161
Chap14 econ 161
 
2014 marketing_your_food_product.ppt
2014 marketing_your_food_product.ppt2014 marketing_your_food_product.ppt
2014 marketing_your_food_product.ppt
 
Marketing
MarketingMarketing
Marketing
 
Chapter 7
Chapter 7Chapter 7
Chapter 7
 
Sakshi Gupta, BBA , Dezyne E'cole College
Sakshi Gupta, BBA , Dezyne E'cole CollegeSakshi Gupta, BBA , Dezyne E'cole College
Sakshi Gupta, BBA , Dezyne E'cole College
 
Happy Juice principles: How to create a marketing organization that informs a...
Happy Juice principles: How to create a marketing organization that informs a...Happy Juice principles: How to create a marketing organization that informs a...
Happy Juice principles: How to create a marketing organization that informs a...
 
Brand experience media planning
Brand experience media planningBrand experience media planning
Brand experience media planning
 
Sales & marketing overview for web development &
Sales & marketing overview for web development &Sales & marketing overview for web development &
Sales & marketing overview for web development &
 
Planning and execution of marketing strategy for pleximus
Planning and execution of marketing strategy for pleximusPlanning and execution of marketing strategy for pleximus
Planning and execution of marketing strategy for pleximus
 
Steve Trahanas - factors to consider when planning your digital marketing st...
Steve Trahanas -  factors to consider when planning your digital marketing st...Steve Trahanas -  factors to consider when planning your digital marketing st...
Steve Trahanas - factors to consider when planning your digital marketing st...
 
10 question zhuchaofan
10 question  zhuchaofan10 question  zhuchaofan
10 question zhuchaofan
 

Recently uploaded

Pharmacognosy Flower 3. Compositae 2023.pdf
Pharmacognosy Flower 3. Compositae 2023.pdfPharmacognosy Flower 3. Compositae 2023.pdf
Pharmacognosy Flower 3. Compositae 2023.pdfMahmoud M. Sallam
 
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Celine George
 
Hierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of managementHierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of managementmkooblal
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdfssuser54595a
 
Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationnomboosow
 
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPTECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPTiammrhaywood
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxSayali Powar
 
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxiammrhaywood
 
Presiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsPresiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsanshu789521
 
Roles & Responsibilities in Pharmacovigilance
Roles & Responsibilities in PharmacovigilanceRoles & Responsibilities in Pharmacovigilance
Roles & Responsibilities in PharmacovigilanceSamikshaHamane
 
Biting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdfBiting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdfadityarao40181
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxmanuelaromero2013
 
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfEnzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfSumit Tiwari
 
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...M56BOOKSTORE PRODUCT/SERVICE
 
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️9953056974 Low Rate Call Girls In Saket, Delhi NCR
 
Computed Fields and api Depends in the Odoo 17
Computed Fields and api Depends in the Odoo 17Computed Fields and api Depends in the Odoo 17
Computed Fields and api Depends in the Odoo 17Celine George
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxpboyjonauth
 
MARGINALIZATION (Different learners in Marginalized Group
MARGINALIZATION (Different learners in Marginalized GroupMARGINALIZATION (Different learners in Marginalized Group
MARGINALIZATION (Different learners in Marginalized GroupJonathanParaisoCruz
 

Recently uploaded (20)

Pharmacognosy Flower 3. Compositae 2023.pdf
Pharmacognosy Flower 3. Compositae 2023.pdfPharmacognosy Flower 3. Compositae 2023.pdf
Pharmacognosy Flower 3. Compositae 2023.pdf
 
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
 
Hierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of managementHierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of management
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
 
Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communication
 
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPTECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
 
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
 
Presiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsPresiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha elections
 
Roles & Responsibilities in Pharmacovigilance
Roles & Responsibilities in PharmacovigilanceRoles & Responsibilities in Pharmacovigilance
Roles & Responsibilities in Pharmacovigilance
 
Biting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdfBiting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdf
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptx
 
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfEnzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
 
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
 
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
 
Computed Fields and api Depends in the Odoo 17
Computed Fields and api Depends in the Odoo 17Computed Fields and api Depends in the Odoo 17
Computed Fields and api Depends in the Odoo 17
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptx
 
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdfTataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
 
MARGINALIZATION (Different learners in Marginalized Group
MARGINALIZATION (Different learners in Marginalized GroupMARGINALIZATION (Different learners in Marginalized Group
MARGINALIZATION (Different learners in Marginalized Group
 
9953330565 Low Rate Call Girls In Rohini Delhi NCR
9953330565 Low Rate Call Girls In Rohini  Delhi NCR9953330565 Low Rate Call Girls In Rohini  Delhi NCR
9953330565 Low Rate Call Girls In Rohini Delhi NCR
 

Implementation of Marketing Plans and Strategies

  • 2. Marketing Plan The role of marketing plan is to ignite the customers to be informed, be persuaded, and be reminded to buy a product or avail of a service. To fulfill this role, this module will teach you how to make marketing concepts a reality. The implementation of a marketing plan and strategies is the stage when the entrepreneur puts his or her marketing ideas into action. By Renalyn C. Dejos
  • 3. Implementing the Marketing Plans and Strategies Preparing a market plan and implementing a market plan are two different disciplines. Preparing a marketing plan is research-based, very technical, and focused on coming up with a methodical marketing plan. Implementing a market plan is strategy and tactics-based, needs manpower to execute, and is results-oriented. By Renalyn C. Dejos
  • 4. Here are the ideal marketing plan implementation steps: Step 1: Divide the marketing plan into small manageable pieces and manageable time lines. -the entrepreneur must discuss the marketing plan and the marketing objectives thoroughly to the marketing team at the onset and establish accountabilities. By Renalyn C. Dejos
  • 5. The value proposition, the unique selling proposition, and the 7p’s or the marketing mix must be clear with the members of the marketing team and why these were chosen to best communicate the product or service to target customer. By Renalyn C. Dejos
  • 6. The entrepreneur must also discuss thoroughly with the marketing team critical implementation aspects such as organizational preparedness, allotted budget, implementation schedule, and risks. By Renalyn C. Dejos
  • 7. Promotional strategies to be implemented such as sales promotion, public relations, advertising direct selling, or personal selling, and task to be divided must also be explained well among the marketing team members. The proportional channel to be used must also be clear them, as to why these are considered the most effective. By Renalyn C. Dejos
  • 8. Risks must always be factored in so that the marketing team is ready to counter all the negative effects of the marketing plan implementation. These risk could be in the form of reputational risk, financial risk, or strategic marketing risk. By Renalyn C. Dejos
  • 9. Example of unique selling proposition, value proposition, marketing mix strategies, and tactics for an online clothing business: 7ps marketing mix strategies: Product –Hand-made fashionable clothes Place –Online/internet Price –Penetration pricing (will start with low price until it peaks) Promotion –internet marketing (e-mails, social media, web sites) People -24/4 helpdesk Packaging –organic paper Process –return policy of 10 calendar days By Renalyn C. Dejos
  • 10. For a detailed and organized timeline, entrepreneurs usually prepare a Gantt Chart. A Gantt Chart is an important implementation tool that enumerates all the planned marketing activities into one file and arranges the marketing activities chronologically, together with the interrelations with each other dependencies. By Renalyn C. Dejos
  • 11. Sample of a Gantt Chart Personal Responsible Specific Marketing Tactic Timeline and Deliverables Budget E-mail marketer Sends first batch of clothing products with special discounted prices to the first 500 primary target market’s e-mail addresses Channel: Internet Marketing strategy: Sales promotion, online advertising Beginning January 2016 and must be sent every month ₱50 000 Discount: ₱100 off for every purchase x 500 = ₱50 000 Social media marketer Gives special discount prices to first 100 customers who will like the page on Facebook or follow on Twitter, and purchase any clothing product Channel: Internet Marketing strategy: sales promotion, social media marketing January 2016 ₱20 000 Special discount: ₱200 x 100= ₱20 000 By Renalyn C. Dejos
  • 12. Web site designer Creates a Web site where customers can choose, order online, pay online, and deliver goods to the customer's doorsteps Channel: Internet Marketing strategy: Web site advertising January-June 2016 ₱100 000 Personal Responsible Specific Marketing Tactic Timeline and Deliverables Budget By Renalyn C. Dejos
  • 13. Step 2: Explain and delegate the marketing tasks to assigned individuals. In the previous table, the online clothing entrepreneur must discuss the marketing objectives and the specific marketing tasks to assigned people so they know exactly what they will do and when to deliver them. The entrepreneur must also update, monitor, and evaluate the marketing assignments every week or every month depending on the importance and urgency of the marketing task. By Renalyn C. Dejos
  • 14. From the previous table, assuming he entrepreneur also planned to launch the online clothing business using traditional approaches aside from the internet and mobile, these tasks must be explained and delegated well to the marketing team to avoid confusions and to execute the plans as imagined. By Renalyn C. Dejos
  • 15. Marketing Tactic and Channel to be used Personal Responsible Rationale Timeline Direct marketing -newsletters and infomercials using social media Direct marketer To instigate awareness to the primary target market and eventually lead to purchase January-June 2016 Public -press releases via a reliable fashion Web site of a famous fashion blogger PR coordinator To establish a credible online reputation because the internet is susceptible to various threats January- March 2016 Sales promotion -₱500 off and free delivery fee on the first online purchase of any clothing product Digital marketer To encourage the primary target market to try the product and eventually to change the habit from traditional purchase to online purchase January- March 2016 By Renalyn C. Dejos
  • 16. Step 3: Keep the communication line open The entrepreneur must ensure that the line of communication between him or her and the marketing team is always open to avoid implementation issues. This is very critical because if there is a communication gap, customers will be the ones to suffer. In the previous example, the online clothing entrepreneur and his or her marketing team must ensure that they talk regularly to ensue that the marketing execution is done as planned. By Renalyn C. Dejos By Renalyn C. Dejos
  • 17. With the advent of technology, the entrepreneur and his or her marketing team can communicate via face-to-face meetings, landline, mobile phone, or in the internet. Communication channels these days have been revolutionized by technology, thereby leaving no reason for the modern entrepreneur to not communicate well with his or her marketing team. By Renalyn C. Dejos By Renalyn C. Dejos
  • 18. Step 4: Monitor accomplishments and progress. Each of the marketing team member’s task must be monitored and evaluate to see if the deliverables were done correctly and timely. The entrepreneur must also review the results according to the set standards (highly acceptable, acceptable, a little bit acceptable, or not acceptable). If there are marketing tasks that were not performed as planned, the entrepreneur must help the employee is not a viable option, he or she can resort to transferring the employee to other functions that he or she will be better use. Using the example chart in step 1, add two more columns for Performance Score and on-time Delivery Score. The entrepreneur must check the progress on weekly or monthly basis depending on the nature of the business and marketing objectives. He or she also interpret the results so that he or she knows what to do next. By Renalyn C. Dejos
  • 19. Table 5.3 Adding the scores for each task delegated Scores: 5-Perfectly done/Way before the deadline; 4-Above average/Almost before the deadline;3-average/Done on time; 2-poorly done/later than the deadline; 1-not done at all/Way beyond the deadline Person Responsible Specific Marketing Tactics Timeline Performance On-time E-mail marketer E-mail marketing campaign Every month beginning January 2016 ? ? Social media marketer Facebook and Twitter Page January 2016 ? ? Web site designer Transacting the Web site January-June 2016 ? ? By Renalyn C. Dejos
  • 20. Step 5: Open yourself to relevant ideas of your marketing team. Because the ones in the frontline are the entrepreneur’s marketing team members, the entrepreneur should listen carefully to all their specific insights and findings and document them. They have the firsthand experience and idea about the behavior, psychology, demographics, and geography of the target market. They can better describe to the entrepreneur the picture of reality –the marketing plan implementation results and other relevant feedback that may not be covered by the marketing plan. Marketing plans are not fully encompassing. Many times, it is the implementation stage that the entrepreneur gets the best marketing ideas and not on the product or service development stage. By Renalyn C. Dejos
  • 21. Person Responsible Feedback from the Marketing Team E-mail marketer Even though most of the target market have e-mail addresses, 45% of them have not to read the entire email marketing campaign because the e-mail was heavy in pictures. Most of the recipients are using a basic data plan for their mobile phones. Social Media The target market responded positively wit the social media campaigns. The sales price discount for the first 100 persons who liked the Facebook page or followed the campaign o Twitter worked. They request that another batch of discount be given soon. Web site designer A mobile application can also be done simultaneously to mirror t functionality of the Web site because 90% of the target market are using smartphones. By Renalyn C. Dejos
  • 22. Step 6: Adapt to the internal and external factors that effect the marketing function. The entrepreneur must always be at pace with the changes happening within and outside the environment where his or her business operates. The entrepreneur must not ignore all relevant factors so he or she knows how to counter them or follow them by devising a revisited accordingly. It evolves I relation to the internal movements and the market condition where it operates. By Renalyn C. Dejos
  • 23. Table: Sample internal and external factors for the following tactics Marketing Tactic in 2016 Internal Factor External Factor Marketing Tactic in 2017 Online ordering via Web site 90% of target market have smartphones with a data plan. Ordering via Web site and mobile application E-mail marketing alerts every month where the e-mail marketers adds e-mail addresses of new customers receive the e-mail alerts one week after registration. A system that automatically adds new customers‘ e-mail addresses is purchased. E-mail marketing alerts every month. New customers will receive the e-mail alerts one day after registration Social media campaigns and promos in Facebook and Twitter 40% of the target market joined Instagram in 2016 Add Instagram as a new channel for social media promos. By Renalyn C. Dejos
  • 24. Step 7: Incorporate incentives and penalties for motivation One of the best ways to do it is to incentivize the marketing team. On the other hand, nonperformance or mediocre performance of the marketing team should also have some consequences. These incentives and penalties will always remind the members of the team to keep themselves on their toes. The low team members should be given reasonable chances before replacing them or transferring them to another department or unit. Incentives have been proven to really work well in motivating employees. By Renalyn C. Dejos
  • 25. Marketing Tactic Performance Metrics Incentive Send first batch of clothing products wit special discounted prices to the first 500 primary target market’s e- mail addresses Channel: internet Marketing strategy: Sales promotion, online advertising • Conversion rate to sales • Bounces rate ( undelivered e- mail) • E-mail sharing or forwarding rate • List growth rate Commission for every sale generated by the e-mail marketing campaign Give special discount prices to first 100 customers who will like the page on Facebook or follow on Twitter, and purchase any clothing product Channel: Internet Marketing strategy: sales promotion, social media marketing • Conversion rate to sales • Brand search volume • Lead growth • Brand sentiment • Inbox links • Social media engagement One –time bonus if there will be 1 000 incremental customers on top of the first month after launch By Renalyn C. Dejos
  • 26. Create a Web site where customers can choose, order, and pay online, an deliver goods to the customer’s doorsteps Channel: Internet; Marketing strategy: Web site advertising) • Number of visitors • Number of referrals • Bounce rate (visitor of the Web site that immediately clicks the back button) • Exit pages • Conversion rate New mobile gadget if the visitors reached 1 500 on the first month of Web site launch By Renalyn C. Dejos
  • 27. Step 8: Analyze and interpret the results. This final step is one of the most crucial. The entrepreneur must analyze and interpret the overall results of the marketing plan implementation. Each accomplished marketing task must be marked as a milestone to recognize that a task is already executed as envisioned. All the relevant insights and learning must be recognized and incorporated in the next marketing plan. Effective marketing strategies and tactics must be maintained and monitored if they still work. If there are signs that the strategies lose effectiveness, the entrepreneur must be vigilant to revise them urgently. The entrepreneur must always be updated with the internal and external surrounding s, so he or she can always include these factors in devising new and relevant marketing strategies and tactics for the next marketing plan. By Renalyn C. Dejos
  • 28. There are so many entrepreneurs in the Philippines who have generated bright and unique business ideas and excellent marketing plans, but some of them did not succeed. The major reasons is poor implementation will give the entrepreneur an edge against the competitors. Consistent successful marketing plan implementation, on the other hand, will sustain the business and establish credibility to customers. By Renalyn C. Dejos