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Pages:
1 page/β‰ˆ275 words
Sources:
1 Source
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Direct Marketing Strategy and Transformational Leadership for Small Startup

Essay Instructions:

It is all very well to have a marketing plan. However, implementing the marketing plan takes leadership, especially when you do not have a lot of funds with which to motivate employees through salary or wages.
Scenario: You have a small startup management consulting business in your own local market. Your feasibility analysis indicates that you have several struggling small businesses that are opportunities in your community. At present, there are no other consulting businesses with which you would compete. You want to target this market segment to build your consulting business.
After reviewing the learning activity, explain and discuss what kind of marketing strategy you would use for your consulting business and why. What market segmentation would you use? What would your implementation plan be?
You want to inspire your consulting team to implement your marketing strategy. What leadership style and kind of power would you use to influence them? Explain.

Essay Sample Content Preview:

Market Planning and Leadership
Student’s Name
Department, University
Course Number: Course Name
Professor
Due Date
Market Planning and Leadership
I would use a direct marketing strategy for my consulting business because it is a small startup. Small-sized consulting firms typically use direct marketing strategies. Direct marketing includes systematic cold contacts, cold calls, and follow-up of cold contacts. Regarding systematic cold contacts, I would write to prospective customers to get their attention, develop interest, show credibility, and demonstrate benefits. I would use cold calling to provide business solutions, targeting various potential clients rather than specific ones. Follow-up is the last step of direct marketing, and it would be necessary if I did not get an answer from visits or cold calls. The direct marketing strategy would help convince interested clients to work with us. In order to understand the small businesses’ struggles, attitudes, and customer relationships, I would employ behavioral segmentation. The goals would be to establish behavioral characteristics that would influence their buy-in. It is importan...
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