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Briefly introduce the company and the chosen product. 2. SWOT analysis (from relevant Marketing Environment scanning) and TOWS matrix (300 words) Identify and analyse impacts
- Briefly introduce the company and the chosen product.
2. SWOT analysis (from relevant Marketing Environment scanning) and TOWS matrix (300 words)
- Identify and analyse impacts of the given Marketing Context and any related Marketing Environment factors on the company's marketing activities. You should choose 4 – 6 Micro and Macro factors to analyse. Include a wide variety of reliable, relevant, and up-to-date research materials.
- Summarise your Micro & Macro analyses into your SWOT analysis. Make sure that your SWOT analysis is relevant to the given Marketing Context and integrated with your Marketing Environment analyses. Because this is a small marketing plan, you don’t need to provide all Strengths, Weaknesses, Opportunities, and Threats. You need to provide at least 1 Strength/Weakness AND 1 Opportunity/Threat.
- Then, choose 1 strategy (SO/ST/WO/WT) which is linked to your Marketing Objective and Recommendations in the following part. Note: SO/ST/WO/WT are the strategies of the TOWS matrix which is closely related to SWOT analysis.
- SO strategy: How to use Strengths to take advantage of Opportunities?
- ST strategy: How to use Strengths to overcome Threats?
- WO strategy: How to take advantage of Opportunities to overcome Weaknesses?
- WT strategy: What to do to minimise Weaknesses and overcome Threats?
3. Target Customer (200 words)
- Identify the Target Customer being targeted by the brand with strong justifications and research materials.
- Make sure that your Target Customer part is strongly connected with your entire Marketing Plan.
4. Differentiation and Positioning (250 words)
- Identify and analyse the current Differentiation and Positioning strategies of your company, supported by strong research materials.
- Differentiation: 1 - 2 strongest differentiation strategies
- Positioning: 1 positioning map, value proposition
- Compare with your competitors where applicable.
5. Current Marketing Mix performance (550 words)
- You need to choose 2Ps of your interest to analyse in this part and the Marketing Recommendations part.
- Product – You can consider these strategies (if relevant): 3 Levels of Product, Product Life Cycle, Brand Development Strategy, etc.
- Place – You can consider these strategies (if relevant): Channel Organisation, Distribution Strategy, etc.
- Identify the current 2P strategies of your company with strong justification from research materials. Include a wide variety of reliable, relevant, and up-to-date research materials.
- Evaluate the current 2P performance of your company. The evaluation needs to be related to the given Marketing Context (where applicable).
- Use visuals/screenshots to support your identification and evaluation (where applicable).
- Compare with your competitors (where applicable).
- Explain how the various elements of the marketing mix work together and how the marketing mix integrates with other stages of the marketing process.
6. Marketing Objective (100 words)
- Set SMART marketing objective based on the TOWS matrix and the current 2P evaluation.
- This marketing objective must be related to the given Marketing Context.
7. Marketing Recommendations (2Ps) (450 words)
- Provide effective recommendations to achieve the marketing objective. Use 2Ps to achieve the Marketing Objective.
- Recommendations must be relevant to the given Marketing Context, your Target Customer and Positioning.
- Use visuals and case studies to support your recommendations (where applicable).
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1 Introduction Introduce the company and the chosen product highlighting its significance in the mar...Get Instant Access to Expert-Tailored Solutions
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