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194. situation analysis for gap 360 ltd

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194. situation analysis for gap 360 ltd

  1. 1. 1 Situation Analysis for Gap 360 Ltd Table of Content 1 Introduction.......................................................................................................................... 2 2 Three year marketing plan for Gap360................................................................................ 2 3 Communication plan from January 2014 to December 2016 .............................................. 6 4 argeting and data strategy .................................................................................................... 9 5 Detailed activity plan for 2014 and initial recommendations for 2015-2016.................... 11 6 Conclusion ......................................................................................................................... 13 7 References.......................................................................................................................... 13
  2. 2. 2 1 Introduction In spite of the gloomy economic prospect of the U.K, the market for gap year travelling, one aiming at the tradition of taking a year off travelling before going to university or starting to work, remains vigorous with newcomers entering the competition for market segments constantly. Among these is the start-up Gap360, a 2011 established company which offers a variety of affordable gap time travel opportunities in various countries, for various customer purposes. In this paper, a three year marketing plan for 2013-2016 is designed for Gap360 to help the company stand out from the competitors, using Situation Analysis and other standard steps of a marketing plan such as Budgets and Objectives; the result is some creative proposals to treat different types of customers and a detailed action plan for Gap360 in the year to come. ………………………………………………………………………………………………. 2 Conclusion With the utilization of a wide range of marketing techniques, the Marketing plan of Gap360 is designed taking into consideration the company’s macro and micro advantages and disadvantages, as well as prospects and risks. All standard steps of the plan are scanned, with advices given to Gap360 regarding its Objective setting, budget forecasting, targeted customer treatment and market database enrichment. Despite being young in the market, the company has got all it takes to become the UK market leaders, given its strengths in comparison with the competitors. However, as the company’s main advertising channel – online tools – is getting more expensive, the company needs to carefully manage their budget by cutting wasted spending and continuously perfect its online services. This document is provided by: VU Thuy Dung (Ms.) Manager Center for Online Writing Resources Facebook : https://www.facebook.com/vu.thuydung.5076 Email : assignmentsource@gmail.com Blogger : http://assignmentsource.blogspot.com/ Website : http://assignmentsource.com/
  3. 3. 3 3 References Anderson, G., 2005, Framework for marketing planning, Michigan Business School. Chablo, E., 2001, The importance of marketing data intelligence in delivering successful CRM, Customer Relationship Management, 57-70 Doran, G.T, 1981, There’s a SMART way to write management’s goals and objectives, Management Review, Vol. 70 (11): 35-36. Hochman, 2012, Hochman Benchmarks of PPC cost, accessed at http://www.hochmanconsultants.com/articles/je-hochman-benchmark.shtml Mayer, J., 2003, What would you do if you knew you couldn’t fail? Creating S.M.A.R.T goals, Attitude is Everything: if you want to succeed above and beyond, Mayer Resource Group. Mobiquity, 2013, Mobiles fail to overtake online as predominant booking platform, accessed at http://www.skift.com/2013/05/04/mobile-fail-to-overtake-online-as-predominant-booking- platform/ MSO, The creation of Gap360 website, accessed at http://www.mso.net/Do/Travel/gap-360 Peter, J., 2001, Distribution 25: Supply-Chain Advantages, CRN, accessed at http://www.crn.com/news/channel-programs/18824902/distribution-25-supply-chain- advantages.htm Planet Gap Year, 2012, Gap 360 – Independent gap year travel opportunities, accessed at http://www.planetgapyear.com/Gap%20360-independent-gap-year-travel-opportunities Robert, B., 2012, Use S.M.A.R.T goals to launch management by objectives plan, TechRepublic, accessed at http://www.techrepublic.com/article/use-smart-goals-to-launch-management-by- objectives-plan/ Search Engine Watch, Top Google results get 36.4% of clicks, accessed at http://searchenginewatch.com/article/2049695/Top-Google-Result-Gets-36.4-of-Clicks-Study The Independent UK, 2012, Gap year ultimate listing guide, accessed at http://www.independent.co.uk/student/gap-year/gap-year-ultimate-listings-guide-8106456.html
  4. 4. 4 The Independent UK, 2012, Top five gap year organizations, accessed at http://www.independent.co.uk/student/gap-year/top-five-gap-year-organisations-8121317.html Thomas, S., and Jill, A., 2010, Marketing Analysis Toolkit: Situation Analysis, Case Harvard Business Review, accessed at http://hbr.org/product/marketing-analysis-toolkit-situation- analysis/an/510079-PDF-ENG Tnooz.com, Gap 360 flies into independent gap travel sector, accessed at http://www.tnooz.com/article/gap-360-flies-into-independent-gap-travel-sector/ Travpr.com, 2013, PR gap year insights from MD, accessed at http://www.travpr.com/pr-22083-gap- year-insights-from-md.html Verganti, R., 2011, Quantity vs. Quality in Collaborations, Harvard Business Review.

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