Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Developing a marketing strategy involves creating an integrated marketing mix ( product , pricing, distribution, and promotion the 4 Ps ) aimed at developing a

Developing a marketing strategy involves creating an integrated marketing mix (product, pricing, distribution, and promotion the 4Ps) aimed at developing a long-term, value-oriented relationship with a clearly defined target market. Being able to succinctly and effectively communicate your analysis and recommendations is an important business skill and a component of your development in this course. Project: Write a 3 pages single spaced paper that summarizes your analysis of the effectiveness of the companys current marketing strategy as it applies to your chosen target market (from Assignment 2) and your recommendations to improve or build on this strategy. Part A: Very briefly summarize the companys/products current environment and the marketing mix components of the current strategy (i.e. to set the stage for Part B, review just the most important highlights of your Assignments 1 & 2). Part B: Critique the effectiveness of the companys marketing mix (all 4Ps). Is it appropriate for your chosen target segment from Assignment 2? Does it reinforce the companys/ products positioning strategy? What is the company doing well, if anything? What mistakes, if any, is it making with its current strategy? Recommend improvements and/or additions to the companys marketing strategy to make it more effective for your chosen target segment from Assignment 2.

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

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

Essentials of strategic management

Authors: Charles w. l. hill, Gareth r. Jones

3rd Edition

1111525196, 978-1111525194

More Books

Students also viewed these General Management questions