Issues:
- How do we beat the competition?
- How do we reach our clients?
- How to convert ideas into strategy, and strategy into action?
- Who needs our mission?
- How can we use the internet in our Marketing Plan?
Themes:
- Marketing Strategies and implementation
- SWOT analysis
- Positioning
- Market segmentation
- Product Market Combinations (PMCs)
- Distribution channels
- Internet Strategies - web marketing
- Market Research
Marketing is all of the activities which ensures that our products and services are available to consumers at a place that is convenient to them for a price they are willing to pay. Therefore, a product's characteristics, its distribution and price are all tailored for a particular group of people and marketing communication keeps them informed.
In order to convert ideas into strategies, and strategies into action, we often recommend a marketing plan as a total solution. This would include at first instance extensive research and analysis:
- Products features and benefits
- Life cycle stage of the product
- Seasonality of the product
- Product's pricing, distribution and promotion history
- etc.
- Size and general characteristics of the market
- Defining Market Segments
- Primary competitors (and what are their strengths and weaknesses)
- Target audience and what are their needs, desires, buying patterns, preferred distribution methods, their opinion of your competitors' products etc.
- Seasonality of the market
- Market potential: growth, shrinkage or flattening
- etc.
- PEST (Political, Economic, Social and Technological factors) which could all have an effect on the future of a company
- SWOT (Strengths, Weaknesses, Opportunities and Threats)
With the above information one can then
- Define the goals and objectives
- Determine Marketing Strategies:
- Positioning
- Product
- Pricing
- Distribution
- Communications / promotions
Experience: marketing
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