Proj 587 Week 3 Quiz Set

Question 2: Describe the methods for marketing planning, including business portfolio analysis, the Boston Consulting Group market

Question: Outline the marketing process and explain the importance of each element of the marketing plan.

You may use one of the Virtual Organizations for this exercise if you prefer. Include speaker notes for each of the slides. The presentation should explain the following:

Evaluate Porter’s three-phase process (page 32, figure 2.1) for defining a company strategy and create a simple chart of the recommended change addressing issues in each phase.

There are 8 main diversity dimensions that determine whether people are in the majority or minority population. Which one of the following is NOT a dimension?

1. The members of a civic association's committee on community safety disagree on whether to install more expensive street lighting throughout the development. What type of conflict is the group experiencing?

The learning phase happens in all the agents which helps each agent to understand the market situation. Consider an agent $A_{i} $ at a given time instance $t$. The knowledge bank has the information about its previous states and the action the agent has to take with respect to the particular situation. The information $A_{i} (t-1)$ and the current conditions gives direct correlation how the agents previous action has affect the auctioning scenario.

I am very discouraged after taking the first quiz, which I prepared for tremendously. I had this great confidence while taking the quiz (v2) but my results suggest otherwise. After reviewing my missed questions I would like to challenge the tree listed below;

2) What are the key components of a marketing plan? List and describe each component briefly.

How would you use the Strategic Planning Model to approach post-graduation "identification and securing" of the most promising position? 0r does the Strategic Planning Model stifle or enhance the strategic creativity of strong, direct individuals?

In your own words, describe the purpose of the operational plan and its relationship to the strategic plan.

The input begins with an environmental analysis in order to find trends and implications that will become an opportunity or a threat that can affect the growth of the business. From there a strategy development plan can be set to focus on the vision, mission, final growth platforms, initiatives, and detailed plan action. This particular focus gives hold to future plans and focus to a purpose. However, in this segment it is important to remember that only so much can be controlled and in order to grown you need more people with the knowledge and new perspectives that allows the business to flourish. In addition, Recardo discussed the importance of a contingency plan to keep the vision in play if something goes awry. From here a business and functional pathway can be used to drive the plan. It consists of a corporate development function and stages of

Strategic Planning is one of the most fundamental factors in the success of an organization. This research project will discuss the importance of strategic planning as well as the different components of strategic planning. Many organizations fail to accomplish their goals and tasks due to the lacking of strategic planning. In order for their businesses to be successful, organizations need to be well informed about how the strategic planning process works.

Strategic planning process is very much important to an organization as it offers sense of direction and summarizes the goals of an organization. This planning guides daily decisions, evaluates progress and current market approaches for success of business. Its begins with defining organization mission like implementation of real time strategies, procedures and decisions with appropriate direction and clear vision. Company also gains favor in building a stage into strategic planning process which permits the evaluating the objectives and progress after certain span of time. In this process success factors are defined by customer and market but not by the company. The key success factors includes strategic market segmentation, reliable delivery, solid sales and support staff members, abundant services, minimized costs and operates lean, quick response customer needs, utilizing employee strategically, efficiency obtained from implementing new technologies, market activities, functions.

______________ is a term that refers to the establishment of worldwide operations and the development of standardized products and marketing.