Question
Hi i need answers to questions in SIMULATION ON MARKETING PLAN CHAPTER 2 OF PEARSON MARKETING. Below is a part of the question Chapter 2
Hi i need answers to questions in "SIMULATION ON MARKETING PLAN" CHAPTER 2 OF PEARSON MARKETING.
Below is a part of the question
Chapter 2 Simulation: Marketing Plan
SIMULATION TITLE:
Marketing Plan
SIMULATION DESCRIPTION:
Global corporation Holden Evan is opening a line of new White Gardenia spas,
which will feature Holden Evan beauty products. The Chief Marketing Officer must look over the marketing plan
developed by the executive team and ensure that it sets clear goals, that it makes realistic forecasts, that it
commits necessary resources to the plan's success, and that it specifies measurable milestones.
Background
Global corporation Holden Evan is expanding into the spa business with a new chain of spas, called White
Gardenia spas. This new chain will open in the Northeast, and if it succeeds, will open nationally. Although the
chain will be only a small part of Holden Evan's business, the company hopes the spas will be profitable in their
own right and expose new customers to Holden Evan's beauty products.
An executive team has developed a marketing plan for the spas. As chief marketing officer (CMO), you must look
over the marketing plan in order to make sure that it is suitable, and find any flaws or omissions so that they can
be corrected. Your tasks include: making sure that the marketing plan sets clear goals, that it makes realistic
forecasts, that it commits necessary resources to the plan's success, and that it specifies measurable milestones.
You will also need to identify changes that would improve the marketing plan.
Executive Summary
You first review the executive summary of the marketing plan. It reads: "Holden Evan intends to leverage its
extensive experience and knowledge in the health-and-beauty sector by opening a spa franchise, White
Gardenia Spas."
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