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Pages:
4 pages/≈1100 words
Sources:
Check Instructions
Style:
Harvard
Subject:
Business & Marketing
Type:
Other (Not Listed)
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 19.44
Topic:

Marketing Plan: FARMFEST, SOMERSET DEVON UK (Business & Marketing)

Other (Not Listed) Instructions:

Assessment Brief:
Congratulations – the managing director was impressed by your presentation and has now asked to see a full marketing plan.
This assignment follows on from ‘Assessment 1’ and it is important to note that you should act on any feedback received for your presentation.
This marketing plan is a more detailed and more fully developed plan for the same client account that you discussed within your presentation (although you may well have chosen to make various amendments to your approach based on your feedback).
For this assessment, you will be assessed against the ‘Common Assessment Criteria’ of ‘Process’, ‘Analysis’ and ‘Communication’. The specific wording related to this assessment criterion, together with indicators of the performance across grading boundaries can be found at the end of the module handbook and in the assessment section of the module Learning Space site. These grading boundaries will be discussed in the delivery of this module and you are encouraged to ask questions if you are in any doubt about any aspect of the grading and feedback process.
Work Required:
Ensure that the marketing plan is formatted according to Falmouth University Guidelines for report format. Please note that the title page, contents page, bibliography and any appendices are not included within the word count. Please note that it will be beneficial to communicate as succinctly as possible and you should explore the use of tables, charts, diagrams and bullet points. Please also ensure that the submission accurately utilises “The Guide to Harvard Referencing at Falmouth University”.
1. Introduction – Clarify to the reader (the managing director of the marketing agency) the context of the report and provide an outline of the structure – in other words let the reader know what to expect from the report.
2. Identification of target market - Include an analysis of the target customer profile(s). The discussion should be supported by reference to high quality source material in order to justify your approach and add credibility to your proposals. It is important that there is a direct connection between market intelligence and your approach to target market identification.
3. Positioning Strategy – Discuss the positioning of your product or brand. This should highlight points of differentiation from competitors and identify the customer benefits that are being communicated.
4. Marketing Activity – Clearly communicate the integrated marketing communications plan including the message that you will be communicating and the media that you will be using. A release strategy would also be beneficial in order to show the progression of activities.
5. Promotional Communications Design – Include examples of promotional communications. The exact balance of materials will depend on your individual marketing plan but you are expected to include draft examples of any planned material. This could include poster or banner advertising, video material, social media posts, press releases or any other relevant material. You may also decide to work with third party providers (such as influencers) – in this case it would be beneficial to produce ‘mock-ups’ of potential content.
6. Conclusion – Provide a concise summary that brings together the key points from the marketing plan. You should make sure to create a positive impression that leaves the reader enthused and confident in your ability. Remember who the audience is and what the purpose of the document is.
7. Bibliography - Full list of references (and key sources)

Other (Not Listed) Sample Content Preview:

MARKETING PLAN: FARMFEST, SOMERSET, DEVON, UK
By (Name):
The Name of the Class:
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Professor (Tutor):
The Name of the School (University):
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MARKETING PLAN: FARMFEST, SOMERSET, DEVON, UK
Plan Outline/Contents
* Target Organization/Event
Farm Fest, Somerset, Devon
General overview
* Target Market Segment
Consumer segments
* Positioning Strategy and Positioning Mission
* Marketing Activities
Offline: Flyers and ‘word-of-mouth.’
Online: Social media, Digital
Television and Podcasts
* Promotional Ideas
Use of Viral Content
Improved word-of-mouth marketing
* Conclusion
Target Organization/Event
FarmFest is an annual event focused on the arts and music held in different regions in the UK. The proceeds go to selected charities around the country. This event will take place at Somerset Devon on July 30th – August 6th, 2021. Farmfest presents seamless opportunities in market expansions for hundreds of business organizations across the United Kingdom. With its unbeatable music, orchestra, and performance, Farmfest stands to attract a significant number of attendees and great media following. The world of event marketing, for instance, Farmfest, is rich in opportunities to reach, connect, and engage audiences, clients, and potential customers.
Target Market Segment
The Farmfest market segment is broad and diverse. The event targets various audiences, including teens, young population, adults, and senior citizens who have a taste of music, fun, and entertainment experience. It well also targets those who want to relieve stress due to work-related issues and get refresh after a week’s handwork. On demographics, the Farmfest events will targets teens and adults ages 18-70. Consumerism increases from25-54 age group and then declines (Foster, 2015 pp.2). The vent is not exclusive to this age group. There are also those above the ages of 55 and above who will attend, and they form an essential part of our r market segment, though they are predicted to be fewer. There is a high likelihood that people around the United Kingdom and its surroundings will attend, especially the middle-class population. The adults, middle-class and older adults are the most target market segment in this event due to their increased propensity for leisure, entertainment, and consumerism. A study that was done on olde4r adults aged between 50 and 74 years and compared to the younger population aged between 18-49 showed that older adults were spendings more on leisure (Kekäläinen, Wilska & Kokko, 2017 PP.671-691). On the aspect of psychographic, the event targets music and art enthusiasts, wise spenders who look for value for their money and intensive social media use. These are a category of people who are motivated by different factors, including socialization, family togetherness, relaxation, event novelty, cultural exploration, excitement and joy, intrinsic rewards, and community pride (Abreu-Novais,& Arcodia, 2013, pp.34-48). This event has features that rhyme with psychographics of our targeted market segment.
Positioning Market Strategy Positioning Statement
In the entertainment industry...
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