The Marketing Plan Handbook
Written by Alexander Chernev
In The Marketing Plan Handbook, Chernev gives a simplified approach to writing marketing plans. It outlines the basic principles of writing a marketing plan and it puts emphasis on marketing as a value-management process. It incorporates the relevant aspects of the business, such as the financial, operational, technological and organizational aspects. Chernev states that marketing plans do not have to be lengthy but should contain need-to-know information and not so much nice-to-know information which is not directly related to the decision at hand and is rarely actionable. He breaks down the marketing plan in eight parts: executive summary, situation analysis, goal, strategy,
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This section will focus on customers’ needs, identifying collaborators and their strategic goals and identifying the competition that provides similar products. The tactics part of the marketing plan defines relevant product and service characteristics. It will also include the pricing of the product and how the information is communicated to its target market, stakeholders and company personnel. The implementation section outlines the organizational structure of the business unit and its relationship with collaborators. It will define the business processes involved in implementing the strategies and tactics of the company. It will also outline the implementation schedule. The control portion of the marketing plan identifies the criteria for evaluating the company’s performance and progress toward its goals and the metrics for evaluating the environment in which the company operates. The exhibits in the marketing plan provide additional information that illustrates particular aspects of the marketing plan. It will consist of various types of information which can include marketing research data, financial data, and project management. This can come in the form of tables, charts and appendixes.
The Marketing Plan Handbook
Written by Alexander Chernev
Criticized by Desiree Williams
Even though
Marketing tactics are strategic actions that promotes a product or service for marketing goals. Marketing tactics promotes
Ensure that you have clearly stated what your Marketing Plan is designed to do, e.g., measurable goals by which you will increase units sold, dollars of revenue made, etc. What do you want to accomplish?
A marketing plan is a comprehensive blueprint which outlines an organization 's overall marketing efforts. A marketing process can be realized by the marketing mix, which is outlined in step 4. The last step in the process is the marketing controlling.
Implementation is the act of providing a practical means (step-by-step) for goal accomplishment. (GCU, 2011). Successful implementation plan elements include the analysis of the present situation of the organization so that determination of the changes to be done within the organization can be made without any obstacle in the flow of the organization (Damschtoder et al., 2009). The second and the important element of the successful implementation plan is verifying the key mission of the organization, so that the planned implementation can be adjusted and carried out effectively. (Damschtoder et al., 2009).There are five elements involved in the implementation plan, there elements include; stakeholders, work plan, resources and budget, quality control and
The components of a marketing plan is an executive summary, 5 c’s, STP, 4 P’s and appendices. Its would be
Marketing plan is a business document that describes the marketing environment, outlines the marketing objectives, analysis current position
Implementation is the execution of the marketing plan; the steps taken by the company to promote its business, ensuring that marketing activities occur in
The process of creating the marketing plan will give the company the tools necessary in differentiation and positioning their product, which can increase sales and gives the product have a new image. These tools also illustrates the impact that the product life cycle can have on the success of a product and will show way to refresh the image of the product and possible resetting the product life cycle to a more profitable position.
A well-developed marketing plan is an essential blueprint for a business to attain the prime financial support and consumer base it requires in order for it to develop and grow. A marketing plan’s detailed structure allows manager’s to define the business’ marketing strategies in clear and in-depth formats that feature a precise roadmap to future growth and expansion. A first class and properly structured marketing plan will guide the entire organization’s marketing actions and keep them focused and dedicated toward achieving the company 's overall goals and strategies.
The purpose of Londonair's marketing plan is to build a road map for achieving objectives and implementing strategy, creating a framework for monitor and control to clarify roles and functions. It specifies how resources are to be allocated and assigns responsibilities and deadlines. Marketing plan creates awareness of barriers to achievement and ensures customer focus and competitor awareness. It assists efficiency and effectiveness.
Putting together a marketing plan is often labor intensive and as a result, can often take many employees from several departments. In addition, because a market plan is essential to the success of the company it simply requires many people each contributing in their particular area of expertise.
A marketing plan is a written document that summarizes what the marketer has learned about the marketplace, indicates how the firm plans to reach its marketing objectives, and helps direct and coordinate the marketing effort.' Kotler et. al. (2006) The marketing plan for Imperial Tobacco will include an overview of the company (strategy, values, financial situation, market share and management
The marketing plan habitually comprises time limits, budgets and allocations of staff and this can help the business identifying the definite marketing activities and specifications for the budget, setting and achieving marketing goals, bringing a marketing strategy in the company for life (Mcdonald et al, 2011)
Planning, development of strategies and planning for proper implementation of all the marketing strategies of the organization.
Your final marketing mix (i.e. the range of marketing options you eventually select to promote your business) is important. A marketing plan will help you plan your future objectives realistically and in an ordered fashion. Carefully monitor how successful all your marketing actions and decisions are so that you can adjust when necessary.