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The objective is to adopt the role of a marketing agency that has been approached to writea marketingplan (in the form of a report)foran existing
The objective is to adopt the role of a marketing agency that has been approached to writea marketingplan (in the form of a report)foranexisting international company(of your choice)forthelaunchofanewproductorservice in the UK.
HENCE THE REPORT SHOULD BE BASED ON THE INTRODUCTION OF A US-BASED DOG FOOD BRAND TO THE UK MARKET.
THE REPORT SHOULD BE STRUCTURED AS FOLLOWS:
- Title -make sure to reflect the brand identity of your company
- Executive Summary - this is not an introduction, but a summary of key points
- Introduction
- Company Background:Abriefoutlineofthecompanyandabriefoverviewof the new product/servicebeingproposed.
- Market Analysis
- Market Size and Trends: Detailedanalysisofthemarketwhichtheproduct/servicewill belaunched into;size,trends,PEST(LE),buyerbehaviourand competitoranalysis. The findings of which should be summarised in a SWOTanalyses (along with any additional factors identified).
- Consumer Buying Behaviour
- Internal Environment analysis (4pc)
- Product
- Price
- Place
- Promotion
- External Environment analysis
- PESTEL
- SWOT
- SMART Objectives (Forthenewproduct/servicepropose no more than 2marketingobjectivesforthe firstyear, these MUST fulfil SMART criteria)
- Segmentation, Targeting and Positioning
- Segmentation (Identify, and justify through research, thetargetaudience,specifyingthesegmentationvariablesused)
- Targeting (Propose,and justify through research, thetargetingstrategy being adopted)
- Positioning (Justify through researchthepositioningofthenewproduct/service(USP) in relation to competitors on the market)
- Implementation Plan (Proposea detailed implementationplan for the first year, illustrating for the reader when key activities (such as promotional campaigns) need to be implemented before and during the 1-year period in question)
- Key Performance Indicators (critical key performance indicators (KPIs) that are appropriate to the venture/your recommendations for measurement during the plan, identifying when they need to occur)
- CONCLUSION
NOTE: The quality / viability of the new product itself is not the focus of this assessment it is HOW the marketing of it should be conducted.
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