The Content Of A Marketing Plan
A Marketing Plan for a small business typically includes Small
Business Administration Description of competitors, including the level
of demand for the product or service and the strengths and weaknesses of
competitors......
- Description of the product or service, including special features
- Marketing budget, including the advertising and promotional plan
- Description of the business location, including advantages and disadvantages for marketing
- Pricing strategy
- Market Segmentation
Medium-sized and large organizations
The main contents of a marketing plan are:
- Executive Summary
- Situational Analysis
- Opportunities / Issue Analysis - SWOT Analysis
- Objectives
- Marketing Strategy
- Action Program (the operational marketing plan itself for the period under review)
- Financial Forecast
- Controls
In detail, a complete marketing plan typically includes:
- Title Page
- Executive Summary
- Current Situation - Macroenvironment
- Economic State
- Legal State
- Governmental State
- Technological State
- Ecological State
- Sociocultural State
- Supply chain State
- Current Situation - Market Analysis
- Market definition
- Market size
- Market segmentation
- Industry structure and strategic groupings
- Porter 5 forces analysis
- Competition and market share
- competitors' strengths and weaknesses
- Market trends
- Current Situation - Consumer Analysis
- Nature of the buying decision
- Participants
- Demographics
- Psychographics
- Buyer motivation and expectations
- Loyalty segments
- Current Situation - Internal
- Company Resources
- Finances
- People (workforce)
- Time
- Skills
- Objectives
- Mission statement and Vision statement
- Corporate objectives
- Financial objective
- Marketing objectives
- Long term objectives
- Description of the basic business philosophy
- Corporate Culture (Organizational Culture)
- Summary of Situation Analysis
- External threats
- External opportunities
- Internal strengths
- Internal weaknesses
- Critical success factors in the industry
- Sustainable competitive advantage
- Marketing Research
- Information requirements
- Research methodology
- Research results
- Marketing Strategy - Product
- Unique selling proposition (USP)
- Product mix
- Product strengths and weaknesses
- Product life cycle management and new product development
- Brand name, brand image, and brand equity
- Augmented product
- Product portfolio analysis
- B.C.G. Analysis
- Contribution margin analysis
- G.E. Multi Factoral analysis
- Quality Function Deployment
- Marketing Strategy - segmented marketing actions and market share objectives
- By product
- By customer segment
- By geographical market
- By distribution channel
- Marketing Strategy - Price
- Pricing objectives
- Pricing method (e.g.: cost plus, demand based, or competitor indexing)
- Pricing strategy (e.g.: skimming, or penetration)
- Discounts and allowances
- Price elasticity and customer sensitivity
- Price zoning
- break even analysis at various prices
- Marketing Strategy - Promotion
- Promotional goals
- Promotional Mix
- Advertising reach, frequency, flights, theme, and media
- Sales force requirements, techniques, and management
- Sales promotion
- Publicity and public relations
- Electronic Promotion (e.g.: web, or telephone)
- Word of Mouth marketing
- Viral Marketing
- Marketing Strategy - Distribution
- Geographical coverage
- Distribution channels
- Physical distribution and logistics
- Electronic distribution
- Implementation
- Personnel requirements
- Assigning responsibilities
- Giving incentives
- Training on selling methods
- Financial requirements
- Management information systems requirements
- Month-by-month agenda
- Gantt chart using PERT or critical path analysis systems
- Monitoring results and benchmarks
- Adjustment mechanism
- Contingencies (what ifs)
- Financial Summary
- Assumptions
- Pro-forma monthly income statement
- Contribution margin analysis
- Breakeven analysis
- Monte Carlo method
- ISI: Internet Strategic Intelligence
- Scenarios
- Prediction of future scenarios
- Plan of action for each scenario
- Controls
- Performance indicator
- Feedback Mechanisms
- Appendix
- Pictures and specifications of products
- Results from completed research
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