Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. A critical assessment of the current macro environment and the micro market environment which have a direct impact upon the performance of the marketing

1. A critical assessment of the current macro environment and the micro market environment which have a direct impact upon the performance of the marketing function. [Key findings and practical conclusions should be presented in the form of a SWOT Analysis. In addition, key operational constraints which limit marketing performance should be highlighted.] 

2. Undertake Segmentation, Targeting and Positioning analysis for the product or services launched by the firm. [Segmentation, Targeting and Positioning Analysis.] 

 3. Show how your marketing strategy will achieve a competitive advantage for the organization in the respective marketplace. [Should include a thorough competitor analysis, by identifying and assessing competitors, their objectives and strategies, strengths, and weaknesses. Create competitive strategies to gain advantage and gain more market share.]

 4. Undertake Marketing Mix Analysis and Develop Action Plans to deliver strategies over the next 3 years. [Appropriate Professional and Academic concepts models, Tools and marketing frameworks should be referenced and applied to the 7 P's of the Marketing Mix to achieve a schedule of actions to be taken.] 

 5. The marketing channels which are critical for delivering customer value to achieve the stated performance targets for sales and profit contribution

Step by Step Solution

3.41 Rating (148 Votes )

There are 3 Steps involved in it

Step: 1

1 SWOT Analysis Strengths Identify internal factors that give the marketing function an advantage such as strong brand reputation innovative products ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance services an integrated approach

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

15th edition

978-0133125634, 9780133423815, 133125637, 133423816, 978-0133125689

More Books

Students also viewed these Marketing questions

Question

Explain what is meant by basic precision. How is it determined?

Answered: 1 week ago