The Marketing Plan Business Organization and Management Chapter 10.
-
Upload
alaina-washington -
Category
Documents
-
view
228 -
download
5
Transcript of The Marketing Plan Business Organization and Management Chapter 10.
![Page 1: The Marketing Plan Business Organization and Management Chapter 10.](https://reader036.fdocuments.net/reader036/viewer/2022082407/56649eab5503460f94bb0350/html5/thumbnails/1.jpg)
The Marketing PlanThe Marketing PlanThe Marketing PlanThe Marketing PlanBusiness Organization and Business Organization and
ManagementManagement
Chapter 10Chapter 10
![Page 2: The Marketing Plan Business Organization and Management Chapter 10.](https://reader036.fdocuments.net/reader036/viewer/2022082407/56649eab5503460f94bb0350/html5/thumbnails/2.jpg)
What is Marketing?• Marketing is the process of
developing, promoting and distributing products to satisfy the objectives of customers and businesses.
![Page 3: The Marketing Plan Business Organization and Management Chapter 10.](https://reader036.fdocuments.net/reader036/viewer/2022082407/56649eab5503460f94bb0350/html5/thumbnails/3.jpg)
Marketing Plan• This is a plan that is used by a business to
guide its marketing process to a desired conclusion.
• Includes:– Description of target market– Marketing objectives– Marketing strategies – Marketing budget
![Page 4: The Marketing Plan Business Organization and Management Chapter 10.](https://reader036.fdocuments.net/reader036/viewer/2022082407/56649eab5503460f94bb0350/html5/thumbnails/4.jpg)
Marketing Objectives• These are goals that a business wants
to accomplish through its marketing efforts.
![Page 5: The Marketing Plan Business Organization and Management Chapter 10.](https://reader036.fdocuments.net/reader036/viewer/2022082407/56649eab5503460f94bb0350/html5/thumbnails/5.jpg)
Marketing Mix• The marketing mix enables you to
map out and plan how you are going to accomplish your objectives.
• Marketing mix is made up of five marketing strategies.– The five P’s
![Page 6: The Marketing Plan Business Organization and Management Chapter 10.](https://reader036.fdocuments.net/reader036/viewer/2022082407/56649eab5503460f94bb0350/html5/thumbnails/6.jpg)
Product Strategy #1
• The Product Strategy– Product features and benefits
• Style, color, quality• Warranties, delivery, installation, instructions• Convenience, improved health, saving time, saving money
– Branding, packaging and labeling• Brand is the name, symbol, or design used to identify a
product• A package is the physical container or wrapper that holds the
product• The label is the part of the package used to present
information
![Page 7: The Marketing Plan Business Organization and Management Chapter 10.](https://reader036.fdocuments.net/reader036/viewer/2022082407/56649eab5503460f94bb0350/html5/thumbnails/7.jpg)
The Place Strategy#2
• Involves how you will deliver your goods and services to customers.
• Also known as distribution strategy– Channels of distribution are the paths a
product takes from producer to the final user.• Two channels - Direct and Indirect• Page 210-211
![Page 8: The Marketing Plan Business Organization and Management Chapter 10.](https://reader036.fdocuments.net/reader036/viewer/2022082407/56649eab5503460f94bb0350/html5/thumbnails/8.jpg)
• Intermediaries are people or businesses that move products between producers and final users.– Ex. Wholesalers
• The channel of distribution can affect the production cost, risk potential, and how quickly your product reaches the customer.
![Page 9: The Marketing Plan Business Organization and Management Chapter 10.](https://reader036.fdocuments.net/reader036/viewer/2022082407/56649eab5503460f94bb0350/html5/thumbnails/9.jpg)
– Intensity of distribution• Intensive distribution
– Ex. You can find best-selling paperbacks in bookstores, supermarkets and magazine stands.
• Selective distribution– College textbooks may be found only near colleges
• Exclusive distribution– A museum might sell a special book for an exhibit
– Technology• Reduces inventory• Reduces the time customers spend searching
for information• Distributors can easily connect with
customers
![Page 10: The Marketing Plan Business Organization and Management Chapter 10.](https://reader036.fdocuments.net/reader036/viewer/2022082407/56649eab5503460f94bb0350/html5/thumbnails/10.jpg)
The People Strategy# 3
• Assembling, preparing and maintaining the people who will help you achieve success. – Basic hiring criteria – Qualifications,
required skills, good attitudes– Developing employees
• Orientation – your vision for the company, plans to carry it out and expectations of high performance
• Provide training for skills employees need
– Establishing a productive environment– Rewarding your people
![Page 11: The Marketing Plan Business Organization and Management Chapter 10.](https://reader036.fdocuments.net/reader036/viewer/2022082407/56649eab5503460f94bb0350/html5/thumbnails/11.jpg)
The Price and Promotion Strategies
Strategy #4 & 5• Price Strategy
– Impacts business in two ways
• Ensures costs are covered and a profit is made.
• A marketing strategy that affects the customer’s motivation to buy
• Promotion Strategy– Designed to tell
potential customers about your products and their characteristics, benefits, and availability.
– Enhance company’s image