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Designing a successful marketing strategy plan is a complex process where bad decisions can lead
to failure and huge losses. As a result, when creating a marketing strategy plan, discuss who will
be the team's key players and decision-makers.
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- How is the field of marketing analytics affecting a business/organization? What changes will occur as a result? How do the tools and techniques of marketing analytics help persuade executives? What types of executives would find marketing analytics particularly persuasive? What dependent variables does your organization track at the executive level? How do those variables change as one goes lower in the organization, such as the product or service level?I am writing a marketing plan and the teacher wants me to write an executive summary, could you help with that. Here is what I wrote, what do you think? It is supposed to be one page in length. Executive Summary This marketing plan is presented for Plato’s Closet, a thrift store located in Edison, NJ, which focuses on selling trendy used clothes and accessories from fashionable brands to young fashion conscious female consumers. Our marketing plan will show that we have the ability to be highly competitive and fill a unique niche and will also execute marketing steps to generate regular profits from sales at our store. Our demographic consists of mostly teenage and young adult women who are into fashionable trends. The owners have identified this demographic as a strong market who are passionate about obtaining trendy clothes at a fraction of the price that would be sold as new in retail mall stores. The store has a unique selling proposition as opposed to other general thrift stores…Keep the following in mind: Think marketing techniques like Big Data and Predictive Analytics would have been effective 10 to 15 years ago? And what accounts for this fact?
- Choose the best ANSWER 1- A marketing team is working on specific marketing activity planning, who will do those activities and how, and what resources will be needed. Which part of the marketing plan does this best describe? Developing the mission statement Situation analysis Marketing strategy Marketing implementation 2- Which of the following is the best example of a good strategic goal (according to professor and marketing plan directions)? Increase sales per square foot by 5% in the next 6 months. Get a 25% market share. Increase profitability. Get more people to try our new product. 3- Which is most true about marketing? Marketing should be an organization-wide focus on customers. Marketing is most effectively thought of as an organizational department that just handles advertising and sales. Marketing is only used to take advantage of people. Marketing can only be used for tangible products. 4- Which is the best example of using the…1Outline how the marketing strategy process applies to a new business in relation to developing, producing, and marketing a new product/service Select any stakeholder or competitor related to the Amazon/Whole Foods acquisition and discuss the strategic applications 2Examine the challenges executives face to develop and implement marketing strategies which achieve the goals of both the organization and society This is the subject of Strategic Marketing, please provide refrencesThe thing that makes the company unique in the industry is known as: Select one: Competitive advantage Market segmentation Company structure Vision and Mission Costs which change with level of production are known as: Select one: Total cost Fixed cost Cost of production Variable cost
- Planning is critical in any business. This task is designed to help your team develop a basic "game plan" that can help you make decisions as well as reflect on the decision-making process. Marketing Describe the marketing mix (the four P's of marketing). 2. SWOT Analysis What are the strengths, weaknesses, opportunities, and threats of the business? Identify at least two of each.Strategic planning plays a pivotal role in the long-term success of businesses and organizations. It involves setting overarching goals, defining a clear vision, and formulating comprehensive strategies to achieve these objectives. A well-crafted strategic plan provides a roadmap for decision-making and resource allocation, aligning the efforts of all team members toward a common vision. Furthermore, strategic planning facilitates adaptability in a dynamic business environment, enabling organizations to proactively respond to changes and seize new opportunities. Ultimately, it serves as a blueprint for sustained growth and competitive advantage. Question: What is a key function of strategic planning for businesses and organizations? a) Maximizing short-term profits b) Setting vague and undefined goals c) Providing a roadmap for decision-making. d) Avoiding adaptability in a dynamic environment1. Is being a market follower a good competitive strategy? Discuss the advantages or disadvantages of being a market follower and the factors to consider when pursuing this strategy. 2. Discuss the need to understand competitors as well as customers through competitor analysis.
- For Nabati foods: As Nabati foods already had a product , so they started with the market research for the same. Alternative strategies don't come out of blue; they are derived from the firm's vision, goals and objectives.:- Market development strategy to enter new markets with existing product. Dominates the vegan egg market with its mug-bean based JUST EGG. New markets can be different geographic locations or new customer segments. targeting new types of customers in current market through a different market segmentation strategy. JUST EGG comes in 12- ounce pourable format for scrambles, omelets etc. Understanding customer needs and creating new possibilities. Product development strategy : In April 2020, the company debuted a pre-baked folded format. Launched a line of vegan. Vide bites at grocery stores nationwide. Market penetration strategy where it just expanded the business and gained more fame: Gaining momentum on menu's worldwide. Including fast food chain which…For Nabati foods: As Nabati foods already had a product , so they started with the market research for the same. Alternative strategies don't come out of blue; they are derived from the firm's vision, goals and objectives.:- Market development strategy to enter new markets with existing product. Dominates the vegan egg market with its mug-bean based JUST EGG. New markets can be different geographic locations or new customer segments. targeting new types of customers in current market through a different market segmentation strategy. JUST EGG comes in 12- ounce pourable format for scrambles, omelets etc. Understanding customer needs and creating new possibilities. Product development strategy : In April 2020, the company debuted a pre-baked folded format. Launched a line of vegan. Vide bites at grocery stores nationwide. Market penetration strategy where it just expanded the business and gained more fame: Gaining momentum on menu's worldwide. Including fast food chain which…This discussion is associated with the Navigate 2 Scenario - Episode 4: How are we doing? It’s time for a marketing audit! The Health Care System wants to see how responsive they are to market needs and preferences, and if their marketing strategies are showing a good return on investment. You have been brought in as an objective party to perform this audit. During this episode, you need to identify the right people to be in the interviews and choose the best questions to ask from the following categories. Identify who the stakeholders are in the interview and who are the best people to ask questions regarding the following categories (choose 3 categories). What are the questions you will ask? Market and market segments The organization Competitors Products and services Price Promotion Channels of distribution