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Pages:
15 pages/β‰ˆ4125 words
Sources:
6 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
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MS Word
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Topic:

Marketing Plan for a Company and Product/Service. Marketing Essay

Essay Instructions:

Your final project is a marketing plan for the company and product or service of your choice. If you are choosing a large global company, you MUST create a new product. However, this new product may be an upgrade of an existing product.
You need to select a company that you have not used for your other assignments in the class. Your plan information should address all areas covered in this course for a marketing plan. The "Company-Business Profiles" link found in the Library under the How to Find section, is a great place to look for company information for this assignment.
Below is the outline to be followed for this assignment:
Executive Summary. This provides a busy executive everything he or she needs to know to invest (or not) in your proposal. It captures your key proposal and recommendations/decision factors and projected outcomes of the plan's recommendations.
Note: This is not an introduction to the marketing plan. Typically, the executive summary is written after the plan has been completed. 1 Slide
Company Overview. A brief description of the company, including its mission statement, background, and competitive advantages. 1 Slide
Situational Analysis. SWOT analysis—Strengths, Weaknesses, Opportunities, Threats facing the company. Also include any other external factors that may influence future sales, such as legal or social activities. 2-3 Slides
Objectives/Goals. Briefly describe your proposal--what's new and why. What is the opportunity to be addressed or the problem to be solved? 1 Slide
Segmentation and Targeting Analysis. Define and explain why segmentation is needed. Explain the approach taken (e.g., the use of demographics) taken, and name market segments. Define and explain why targeting is needed, and roughly size your target market. 2-3 Slides
Marketing Strategy. Explain and support your marketing mix component decisions, using the 4 P's, academic concepts, and academic reference sources. Create one perceptual map (See Section 5.4 of the textbook for an example.) 2-3 Slides
Branding Strategy. How will the brand be developed and supported? What will be the "implied promise" of the brand? 1 Slide
Ethical Considerations. Explain how the proposed plan aligns with the company's statement of ethics and corporate social responsibility. 1 Slide
Financial Projections. Present a summary spreadsheet. For example: years 1, 2 and 3 units sold, sales volumes. Estimate marketing expenses for promotions/advertising. What is the projected timeline of the product life cycle's introduction and also growth stage? 2-3 Slides
Conclusion 1 Slide
Suggested slide setup and number of slides (25 slides):
Title
Executive Summary
Company Overview
Strengths
Weaknesses
Opportunities (trends)
Threats
Marketing Plan Objectives
Segmentation
Target Market
Positioning Map
Product (features and benefits versus the competition)
Price (compared with competition)
Price Strategy
Promotional Strategy
Place Strategy
Branding Strategy
CSR Strategy
Ethics and Corporate Social Responsibility
Financial Projections
Conclusion
References
Requirements:
15-20 PowerPoint slides in the body of the presentation.
Application of marketing models, theory, terminology, and concepts throughout the plan
A minimum of six references, in addition to the textbook and assigned readings. Include at least two peer-reviewed articles. The CSU-Global Library is a good place to search for credible, scholarly sources.
Meet all requirements defined in the Portfolio Project Rubric
Formatted according to CSU-Global Guide to Writing and APA (Links to an external site.)Links to an external site..
Note: As you can see the maximum length for your paper should be nine and a half pages. No paper will be accepted if it is over eleven pages. Stay with the length requirements as noted above!

Essay Sample Content Preview:

Marketing Plan for a Company and Product/Service
Name
Institution
Marketing Plan for a Company and Product/Service
Executive Summary
The market for a smartphone is booming at an alarming rate. However, despite a large number of competitors in the market, there is still an opportunity for potential new entrants. The idea has been considered by Google, which intends to enter the phone market. Luckily, Google has the best opportunity to enter the market compared to other companies because of its Android OS phone which is considered the most popular phone currently. The plan is to make quality products which are durable, have a long lasting battery, and portable to gain instant fame in the market. The features that it intends to put are the most common needs which are preferred by consumers, and it plans to cover them all. Moreover, the competition depends on how a company differentiates its products to make them more unique from those of other rival firms.
Company Overview
Google Company was launched in the year 1998, and since then it has grown to become the biggest firm globally. Currently, it employs almost 12,000 people in all its offices that are spread across the world. The company offers several products which have made it famous globally. The presence of its offices in every nation gives the firm a competitive advantage as every person who is ‘’techno-savvy’’ likely knows Google.
Additionally, the various products that it offers give it a greater economy of scale which improves its sales and profitability (Tran & Phan, 2016, January). Moreover, the company employs the most innovative employees who are capable of thinking ‘’out-of-the-box’’.
Further, the firm offers quality products and has a powerful infrastructure which is almost impossible to replace. The firm primarily operates in the internet software, computer hardware industry. The mission of the firm is: “to organize the world’s information and make it universally accessible and useful.” Additionally, their vision of the company is: “to provide access to the world’s information in one click.” Finally, the firm believes that focusing on satisfying users’ needs is the best road to success as every person will be attracted by the best services and products that it offers.
Situational analysis
The market for a smartphone is continuously growing with daily innovations. Even though Google is yet to enter the market, the Android OS is one of the famous products of the company that has enabled it to gain large amounts of revenue. Currently, the smartphone market is dominated by Apple Company with its. However, Wiko, Samsung, Nokia, Huawei, and Techno are just beginning to reenter the market after their recent turmoil. Luckily, most of the phone firms use Android OS except Apple which means that even without manufacturing phones, Google Company still has a presence in the market for smartphones.
Strengths
The company receives revenue from several sources which gives it enough funds to invest in research and development (R&D). The investment in R&D enables the company to innovate and invent new products ahead of other firms. Also, the firm has a ...
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