Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Amazon Use the information you researched in your Week 5 assignment for the sections they correspond to in this section. New Customer Segments Determine any

Amazon Use the information you researched in your Week 5 assignment for the sections they correspond to in this section.
New Customer Segments
Determine any new customer segments for your strategy and describe how you will provide value to each segment.
Marketing Mix for New Customer Segments
Determine adaptations for each new customer segment. Include:
Products
Price
Distribution
Traditional promotion
Online promotion
Marketing Implementation
Create the implementation for your marketing strategy plan. Describe how you will organize and implement the plan, such as whether it will be organized by market or geography, and who is responsible for marketing decisions.
Marketing Communication Channels
Evaluate the digital and traditional marketing communication channels you will use to reach selected audiences.
Identify 3 or 4 channels to convey key messages and list them in the Channel column of the Marketing Communication Channels Table. For each channel, input target market, advantages, and disadvantages in the respective columns. Insert or remove rows, as needed. Row 1 contains a completed example for reference.
Marketing Communication Channels Table
Channel Target Market Advantages Disadvantages
Example: Direct mail Example: Middle class residential Example: Can include coupons Example: Expense and low return rate for given product
Strategic Actions
Develop strategic actions required to implement the marketing plan and list them in the Strategic Action column of the Strategic Actions Table. For each strategic action, provide the date for completion, person/role responsible, and standard or metric to indicate the action is complete in the respective columns. Insert or remove rows, as needed. Row 1 contains a completed example for reference.
Strategic Actions Table
Strategic Action Date for Completion Person/Role Responsible Standard or Metric to Indicate the Action is Complete
Example: Design flyer for direct mail campaign Example: 1/1/2024 Example: J. Smith, graphic designer Example: Approval by senior marketing team and legal
Strategic Action Monitoring
Develop the measurement to identify how you know you have been successful for each strategic action. Specify the measures to track performance against goals. Identify standard reports from your online and traditional marketing efforts.
For each action listed in the Action column of the Strategic Action Monitoring Table, provide the overall target, person responsible, and inter-measurement in the respective columns. Insert or remove rows as needed. Row 1 contains a completed example for reference.
Strategic Action Monitoring Table
Action Overall Target Person Responsible Inter-measurement
Example: Direct mail flyer Example: Generate 1,100 new inquiries. Example: Western regional manager Example: Generate 500 new inquiries during the first month of campaign.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_3

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

Introduction to Management Science

Authors: Bernard W. Taylor

11th Edition

132751917, 978-0132751919

More Books

Students also viewed these General Management questions