Company G 3 Year Marketing Plan Essay

3489 WordsApr 20, 201214 Pages
Company G 3- Year Marketing Plan MKT1 Table of Contents Introduction ……………………………………………………………………………….3 Mission Statement ...………………………………………………………………………3 The Product ....…………………………………………………………………………….3 Consumer Product Classification …...……………………………………………3 Target Market ……………………………………………………………………………..3 Competitive Situation Analysis …………………………………………………………..4 Analysis of Competition using Porter’s 5 Forces Model …………………………4 SWOT Analysis …………………………………………………………………………..5 Strengths ………………………………………………………………………….5 Weaknesses ……………………………………………………………………….5 Opportunities ………….……………………………………………………….....5 Threats ……………..…….……………………………………………………….6…show more content…
We will market to tech savvy female college students that look for value in their limited amount of spending on electronic products. Also, our consumers will be music lovers that enjoy listening to the radio during studying and leisure time. The consumers purchasing our product will have a limited amount of space for many different products and will be looking for a product that can combine many of their other products all in one. Competitive Situation Analysis Analysis of Competition using Porter’s 5 Forces Model Competitive Rivalry: According to the amount of products available, rivalry intensity is high. What makes for a high intensity of rivalry includes competitors aggressively targeting each other’s markets and aggressively pricing products. Also, competitors are of equal size and market share and industry growth is slow. Lastly, industries fixed costs are high which creates intense competitive rivalry. Threat from New Entrants: Threats from new entrants are low. Reason being is because of significant upfront capital investments required to start this kind of business. Low barriers of entry are also evident by limited access to proprietary technology and proprietary production material inputs. Furthermore, distribution channels are difficult to access, which also causes low barriers to entry. The Internet has very little impact because of high technology development cost and

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