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Marketing Plan
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Marketing vs. Business Plans
Marketing Plans describes the current market position of a business and its marketing strategy Defines growth, goals, and market size
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Parts of a Marketing Plan
Executive Summary Company Description Strategic Focus and Plan Situation Analysis Market – Product Focus Marketing Program Financial Data and Projections Organization Implementation Evaluation
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Executive Summary Summarizes what is to come
“Sells” the Marketing Plan
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Company Description Describes what the organization does
Highlight recent history Highlight recent success
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Strategic Focus and Plan
Communicates Mission and Vision Mission Statement – what you want to accomplish Vision Statement – how you will accomplish it Identifies both financial and non-financial goals Identifies: Core Competencies – what you do Competitive Advantage – how you do it better
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Assignment Create a marketing plan for your Franchise Start With:
Company Description Strategic Focus and Plan
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Situation Analysis Analyze where you were, are, and are going
SWOT Analysis Strengths Weaknesses Opportunities Threats Industry, Competition, Company, and Customers Analysis
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Market-Product Focus Set objectives Identify target markets
Identify Points of Difference Positioning
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Marketing Program Identify the marketing mix Strategy
Include these elements: Product Features, Brand Name, Packaging, Services, Warranties Price List price, Discounts, Credit Terms, Payment Period Promotion Advertising, Personal Selling, Sales Promotions, Publicity Place Outlets, Channels, Coverage, Transportation, Stock Level
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Financial Data and Projections
Past and Present data Revenue and Expenses
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Organization Organizational chart of management structure
Both current and potential positions
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Implementation Plan How will company turn plans into results
Details for strategies
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Evaluation Compares results with goal Determine if there are successes
Makes any deviations necessary
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