Company G
1-Year Marketing Plan
Assessment Code: 318.1.5-06-15
Student Name: Matt Dee
Student ID:
Date: April 2015
Mentor Name:
Note: This is the version that was accepted in Taskstream. I highly recommend to participate in the WGU cohort for this assignment.
Table of Contents
Introduction 3
Product Description and Classification 3
Company G Mission Statement 3
Consumer Product Classification 3
Target Market 4
Competitive Situation Analysis 4
Analysis of Competition using Porter’s Five Forces Model 4
SWOT Analysis 5
Strengths 5
Weaknesses 6
Opportunities 6
Threats 6
Market Objectives 7
Product Objective 7
Price Objective 7
Place Objective 7
Promotion Objective 7
…show more content…
It also keeps on heating the vehicle interior until the engine has warmed up and can provide a comfortable level of heat for the driver and passengers. The convenience is made up of several aspects. The programmable controller assures that the vehicle interior will be warm at a time specified by the owner. The product is installed out of sight, under the driver or passenger seat by the owner, and does not need professional installation. The warmer has its own battery, so it does not affect the vehicle's battery. Once the vehicle engine runs and provides a good source of electricity (alternator), the batteries of the warmer will be recharged through the engines charging system (alternator) via the built-in accessory plugs (cigarette lighters). This is an innovative product because it is all electric, and can be installed by the end-user. Comparable products on the market today use vehicle fuel (gas/diesel) as a source of energy. They are also complex and need to be installed by a professional.
1 Consumer Product Classification
The electric vehicle warmer is a shopping product because it is expected that people will spend considerable planning time on the purchase of the product, replace it about every 5-7 years, and pay a relatively high price for the product. The distribution channel length is expected to be
Discuss what is meant by the term “customer orientation”. Illustrate with examples how companies demonstrate their customer orientation by reference to at least two elements of the marketing mix.
Marketing Different Companies have different methods of selling their products, some companies decide to launch an item and wait for the results of the sales. Another method of selling a product is to research the market in which it is to be sold. There are various ways of conducting some market research, much depends on the item you wish to sell, the time you may have to research and the amount of money that is available. People who are expected to be consumers may be approached in order to recognise their needs, this may be done through questionnaires verbally by post or by phone once their needs are recognised it will be clearer what to provide for them.
The United Nations International Emergency Fund (UNICEF) also known as the United Nations Children Fund was formed by the United Nations General Assembly in 1946. Its primary humanitarian mission was to provide emergency sustenance and medical assistance to children in other countries. Its mandate was extended to address the long term needs of children and women in developing countries everywhere in 1960. The government has contributed two thirds of the organizational resources since its inception until now. As you know the current administration has decided not to include UNICEF funding for the 2018 fiscal year budget (Graham, 2017). Additionally, our UNICEF correspondent, Mackenzie Knowles reports that Somalia, Nigeria and
A toothbrush that has multiple uses and saves space, that’s the vision behind the Multi Express Toothbrush. The product at hand is a toothbrush that pulls apart at the handle to provide consumers with dental floss and toothpaste. The rear part of the handle contains a button that when pushed down also allows forward movement; this action squeezes the toothpaste cartridge. When the button is pressed a hole at the end of the handle opens up allowing the toothpaste to exist, when the button is released the hole closes and seals off the toothpaste. The end with the brush contains a cartridge full of dental floss. The use of cartridges is important because when one becomes empty just pull it out and
to look at the design whether it looks good and to choose if there are
- Management culture needs to change to adapt with the new online industry. Creating an attractive and friendly web site is vital so that customers can access the information about products from Harvey Norman and buy the products everywhere and whenever they want instead of coming to the stores.
Looking into an emerging form of technology, I decided to explore the electric car. Electric cars are on the rise in today’s society. Although they cost more than a gas powered automobile, they
Online marketing has many different definitions. However, the most straight forward is “Any positive communication between distributor and purchaser through the digital area (Internet, forums, chat, e-mail, the web, etc.) Which provides for the exchange of requested or necessary information directed to a potential customer’s purchase and a continuing and profitable customer/seller relationship.” (Forester, 1999, p.3) This definition gives the main idea of why many businesses have joined the online marketing segment and why businesses are still joining. On the other hand, the simple definition of marketing is “the process of planning the conception, pricing, promotion, and distribution of ideas, goods, and
This report is mainly focusing on studies of marketing strategy. By analyzing and discussing the case of Zara, we will be able to have a more in depth analysis of companies and their marketing strategies.
“The Spark,” is constructed using a probe to absorb waste heat from the energy source, a fluid reservoir holding water (to create a temperature difference and encourage the free flow of energy), and a thermoelectric module which converts the waste energy into usable form. Additionally, the unit has a handle and USB port for easy handling and charging of devices, respectively.
For implementing a successful marketing plan, consideration of different functional areas of business support of senior executives and understanding of available resources and capabilities of the firm is imperative. The concept of marketing plan and its purpose of a company is elaborated in this report. In addition, this report presents a discussion about the different sections that should be included in an effective marketing plan of a food product. These sections are evaluation of environment such as PEST and competitive analysis and SWOT analysis. The objectives of the marketing plan, along with the market segmentation and consumer analysis are also important sections for the managers to include. Further, the significance of different marketing strategies, budget and control process are also elaborated in this report for the food marketing plan.
By addressing the health benefits of each vegetable, we will be encouraging members of the community to abandon the bag of deep fried potato chips in favor of a bowl of homemade kale chips. This will not only helps members of the Camden community maintain a healthy diet, but also acts in accordance with the CFET’s mission, which is to “educate people into a more environmentally responsible way of living on our planet and to sponsor local solutions to environmental challenges.” This will not only increase sales within the CFET by expanding their overall customer base, but will also teach residents of Camden about the advantages of living a healthy lifestyle.
It is pretty easy to set up a new business but the actual challenge lies in surviving the cutthroat competition and to stimulate growth over the years. One of the prime reasons why most of the businesses face a very tough time is the lack of proper marketing plan and minimal focus on branding. After all, only when you are able to market your products properly to your target segment will you have a chance to generate revenue to take your business forward.
1. Distinguish between a strategy, a marketing plan, and a marketing program. Apply your analysis to a local retailer.
plan a marketer can come up with he must first find his niche or his