Module Three: Marketing Research and Planning Marketing Research · Failure to conduct marketing research may result in a poorly located facility, a mistimed marketing initiative, a neglected key market niche, or misdirected product development. The costs involved in building and outftting a clinic, developing a product, or mounting a marketing campaign are growing, leaving no margin for error in a competitive environment. It may require several good decisions for the organization to recover from the losses associated with one bad decision (Thomas & Calhoun, 2007). · Considerations such as product, place, price, and promotion are key to a successful marketing plan. Marketing Planning · Effective marketing planning begins with the mission and fnding ways that the mission can be enhanced, expanded, interpreted, and executed. Effective marketing planning is not done in isolation from the rest of the organization but contributes to organizational consistency, reliability, and responsiveness (Thomas & Calhoun, 2007). · A marketing plan for a specifc product or service is an essential item in any healthcare organization’s tool kit. Macro considerations such as organizational branding, however, are often the job of executive management in collaboration with a marketing team. Target Market · Establishing the target market is the essential frst step in ultimately launching any marketing campaign. Healthcare is no different in this regard. · The target market consists of the patients/customers who are buying the products or services offered by the organization. · Knowing the target market is paramount to developing marketing techniques that will work. One must research demographics, motivations, and behaviors to better position the chosen product or service. SWOT Analysis · Strengths - List three to fve internal strengths of the organization or the product or service. Consider aspects such as reputation, quality of the product or service, the consistency of the product or service delivery, and so on. · Weaknesses - Consider three to fve internal weaknesses of the organization. Be honest and introspective with this process. Uncovering true weaknesses is essential to developing a strong marketing campaign. · Opportunities - External opportunities are considerations such as position in the market, competitive advantages, reputation, and so on. · Threats - External threats to consider include competitor position, quality of services, political climate, and so on. Internal Audit · An internal audit is useful in determining the nature of the organization and its marketing needs (Thomas & Calhoun, 2007). · The following aspects of the organization should be audited: · Services and products · Customer characteristics · Utilization patterns · Marketing arrangements and resources · Locations · Referral relationships · Computerized systems may provide some of this information, but primary research techniques (observations, interviews, fo ...