2. Marketing Plan
Written documents composed of an
analysis of the current marketing situation
opportunities/threats for the firm
Marketing strategy/objectives specified in
the 4 P’s
3.
4. Step 1: Define the
Business Mission
• A broad description of a firm's
objectives
• Scope of activities the
Organization plans to take
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6. Step 2: Conduct a situational analysis
Situational analysis
collection of methods that managers use to analyze an
organizations capabilities, customers, and business environment.
Swot analysis
a study undertaken by an Organization to identify
Strength
Weakness
Opportunities
Threat
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8. Step 3: Identify and Evaluate Opportunities
Segmentation, Targeting and Positioning (STP)
Segmentation
consumers who respond similarly to a firms
marketing efforts
Targeting
identifies the various market segment it will
persue
Positioning
the firm must decide which segments to
persue, and how it wants to be positioned within those
segments