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MARKETING PLAN
Marketing Research for The New Venture :
1. Definining the Purpose or Objectives
2. Gathering Data from Secondary
3. Gathering Information from Primary Sources
4. Analyzing and Interpreting the Results
Outline for A Marketing Plan
Situation Analysis
 Background of Venture
 Strength and Weaknesses of Venture
 Market Opportunities and Threats
 Competitor Analysis
Marketing Objectives and Goals
Marketing Strategy and Programs
Budgets
Controls
• Who are the users, where are they located, how much do they buy,
and why ?
• How have promotion and advertising been employed and which
approach has been most effective ?
• What are the pricing changes in the market, who has initiated these
changes, and why
• What are the market’s attitudes concerning competitive products ?
• What channels of distribution supply consumers, and how they
function ?
• Who are the competitors, where are they located, and what
advantages/disadvantages do they have ?
• What marketing techniques are used by the most successful
competitors ? By the least successful ?
• What are the overall objectives of the company for the next year and
five years hence
• What are the company strengths ? Weaknesses ?
• What are one’s production capabilities by product?•
Characteristics of A Marketing Plan
• Provide a strategy for accomplishing the company mission or goal
• Based on facts and valid assumptions
• Describe an appropriate organization
• Provide Continuity
• Simple and short
• Flexibility
• Specify performance criteria that will be monitored and controlled
The Marketing System
Internal Environment
Financial Resources
Suppliers
Goals and Objectives
Management Team
External Environment
Economy
Culture
Technology
Demand
Legal Considerations
Competition
Entrepreneur Marketing
Planning
Decisions
Marketing
Strategies
directed to
customers
Purchase
Decisions of
Customers
feedback
Marketing Mix Decision
Marketing Mix
• Product
• Price
• Place (Distribution)
• Promotion
• Power
• People
• Public Relation
Branding
• Product
• Services
• Place
• Culture
• People

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Marketing plan

  • 1. MARKETING PLAN Marketing Research for The New Venture : 1. Definining the Purpose or Objectives 2. Gathering Data from Secondary 3. Gathering Information from Primary Sources 4. Analyzing and Interpreting the Results
  • 2. Outline for A Marketing Plan Situation Analysis  Background of Venture  Strength and Weaknesses of Venture  Market Opportunities and Threats  Competitor Analysis Marketing Objectives and Goals Marketing Strategy and Programs Budgets Controls
  • 3. • Who are the users, where are they located, how much do they buy, and why ? • How have promotion and advertising been employed and which approach has been most effective ? • What are the pricing changes in the market, who has initiated these changes, and why • What are the market’s attitudes concerning competitive products ? • What channels of distribution supply consumers, and how they function ? • Who are the competitors, where are they located, and what advantages/disadvantages do they have ? • What marketing techniques are used by the most successful competitors ? By the least successful ? • What are the overall objectives of the company for the next year and five years hence • What are the company strengths ? Weaknesses ? • What are one’s production capabilities by product?•
  • 4. Characteristics of A Marketing Plan • Provide a strategy for accomplishing the company mission or goal • Based on facts and valid assumptions • Describe an appropriate organization • Provide Continuity • Simple and short • Flexibility • Specify performance criteria that will be monitored and controlled
  • 5. The Marketing System Internal Environment Financial Resources Suppliers Goals and Objectives Management Team External Environment Economy Culture Technology Demand Legal Considerations Competition Entrepreneur Marketing Planning Decisions Marketing Strategies directed to customers Purchase Decisions of Customers feedback Marketing Mix Decision
  • 6. Marketing Mix • Product • Price • Place (Distribution) • Promotion • Power • People • Public Relation
  • 7. Branding • Product • Services • Place • Culture • People