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Strategic Marketing Management

Category: Marketing Paper Type: Assignment Writing Reference: HARVARD Words: 700

Table of Contents

Organisational Background  3

SWOT Analysis  4

Key Issues  4

Growth Drivers  4

Mission & Vision Statement 4

Marketing Objectives  4

Strategic Marketing Plan  5

Segmentation, Targeting and Positioning (STP) 5

Segmentation  5

Targeting  5

Positioning  5

Models and Methods  5

Marketing Tactics  6

Marketing Mix  6

Implementation schedule (Gannt chart) and budget 6

Evaluation & Control 6

References  7

Organisational Background

 Organisation name; Type of organisation; Size of organisation; Range of products and services; Customer base; Main competitors (1-page max.) 

Marking Scheme – Achieved?

Organisation background: Organisation name; Type; Size; Range of products/services; Customer base; Main competitors.

Background provides a clear context for the SWOT analysis and one-year plan

 SWOT Analysis

 Next you should include a data rich and rank ordered SWOT analysis (2-pages max.). Although your SWOT will be closely based upon your Marketing audit, you must NOT submit your marketing audit notes (but do please save these as they may be required later to justify your SWOT).

Marking Scheme – Achieved?

High standard of critical analysis in the SWOT based on appropriate internal & external conceptual frameworks

Swot is rank ordered and data rich, with many sources cited

Swot is customer (not product) and marketing (not sales) focused

Opportunities list external positive factors (not a “wish-list” of things to fix in plan)

A limited number of key issues and growth drivers been identified from the Swot and provide a “scope” (focus) for the Plan

 

 Key Issues

 Growth Drivers

 Mission & Vision Statement

Marking Scheme – Achieved?

Both critiqued & improved using cited framework

 Marketing Objectives

Marking Scheme – Achieved?

Customer focused Objectives are Smart

Objectives use mixture qualitative and quantitative targets

Objectives indicate a sensible improvement over the 1 year of the plan

Strategic Marketing Plan

 Your One-year Strategic Marketing Plan (15 pages max.) should be well structured and in addition to the SWOT should contain: Mission/vision statement; SMART marketing objectives; Strategic options with clear recommendations & justification; Marketing tactics (mix); Implementation schedule & budget; and a Control section including metrics/measures (as indicated in the Marketing Assignment structure and weightings document provided (below).

 Segmentation, Targeting and Positioning (STP)

 Segmentation

Marking Scheme – Achieved?

Has segmented segment customers, NOT products                

Uses segment tree and segment attractiveness grid

Potential customer segments rated for attractiveness & competence

 Targeting

Marking Scheme – Achieved?

key customers, their needs (other stakeholders) see seg’ above

Choice of target customer(s) identified and justified


Positioning

Marking Scheme – Achieved?

product/service market match, how to differentiate

Map uses customer criteria and plots us, them, now and next 

Statement identifies competitive points of difference, do = customer behavioural objective; because = external reason to believe


Models and Methods

Marking Scheme – Achieved?

Marketing strategy – Ansoff (strategies need a timeline), Porter generic, Kotler & Singh = Defend or attack, all choices justified

Key themes – Customer service, Comms’, Branding, Loyalty, Digital, etc.

Variety of Marketing strategy models adopted to meet objectives


Marketing Tactics

Marking Scheme – Achieved?

Marketing Tactics - The new improved Marketing Mix for the year of the plan

Tactics fit organisation capabilities and resources, all justified


Marketing Mix

Implementation schedule (Gannt chart) and budget

Marking Scheme – Achieved?

Implementation schedule (Gannt chart) and budget for the year of the plan

Implementation schedule is achievable within year one given the available resources/capability

Size of marketing budget for communication and marketing research is appropriate to organisational context

Schedule and budget choices made are justified

 

Evaluation & Control

Metrics/measures derived from objectives, use of key performance indicators (KPI’S

Marking Scheme – Achieved?

Measures relate to the specific objectives for the plan

Dashboard used to show Strategic, Operational and Tactical measures

Controls monitor/measure progress toward completion of tactical activities to achieve the 1- year objectives

Metrics use a range of input, lead and lag key performance indicators

ROMI = the extra profit (not sales) divided by marketing budget


References

Harvard Referencing

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