Elements of a marketing plan

 

 

Throughout this course, you have learned about the elements of a marketing plan. This assignment will provide you with the opportunity to research the marketing methodology of an existing publicly traded company; using a publicly traded company will provide you with access to a greater amount of information to complete this assignment. As you research this company, apply the theoretical learning from this course.

Include the sections below in your marketing plan.

Introduction: Include a brief introduction of the company.
Competitive Analysis: Who are your company’s competitors, and how is each differentiated? Identify two or three strengths and two or three weaknesses of your company compared to a minimum of two of your company’s competitors.
Marketing Strategies: What are the marketing strategies used by your company in the management of the global customer brand? Use the four Ps in your analysis, which are listed below.
Product: Begin with a theoretical definition of a product. What is the product/service offering by your company? How did the development of these new products affect your company’s marketing strategy?
Place: Begin with a theoretical definition of place. What are the distribution channels used by your company?
Price: Begin with a theoretical definition of price. What is the pricing strategy used by your company?
Promotion: Begin with a theoretical definition of promotion. What are the traditional and digital methods of marketing promotion used by your company? Explain a minimum of three traditional and three digital methods.
Competitive Advantage: Identify whether your company has a competitive advantage in each of the areas of the four Ps. Remember that your company could have a competitive advantage in one area and not in another. Include supporting rationale.

Sample Solution

hese are just a few of the marketing strategies that my company uses in the management of the global customer brand. By focusing on customer needs, building relationships with customers, creating a consistent brand message, using targeted marketing, and measuring the results of our marketing, we are able to build a strong brand and connect with customers all over the world.

Here are some additional thoughts on marketing strategies for global customer brands:

  • Localization: It is important to localize marketing materials for different cultures and regions. This means using language and imagery that will resonate with customers in different parts of the world.
  • Social media: Social media is a powerful tool for connecting with customers on a global scale. By using social media effectively, businesses can build relationships with customers, promote their products and services, and gather feedback.
  • Digital marketing: Digital marketing is another important tool for reaching global customers. By using digital marketing channels such as search engine optimization (SEO), pay-per-click (PPC) advertising, and email marketing, businesses can reach a large audience of potential customers.

By using the right marketing strategies, businesses can build strong global brands and connect with customers all over the world.

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