PART TWO (Part II): Using the Product-Service identified and the Situation Analysis prepared in Unit One, you will now prepare the Marketing Mix Strategy and Marketing Research. At a minimum, the Marketing Mix Strategy and Marketing Research must include the following sections (complete), correctly numbered, and labeled (see below).
You want to either create a product or service that doesn’t exist (for example, a refrigerator robot or new phone) or you can use a new product or service that has just recently been launched. It is fine if you want to launch a new product or service for a company that you operate or are planning to start, for an organization for which you work, or for a nonprofit. (If you create a new product for an existing company, you may not use any of the materials the firm already has in a marketing plan.)
Take great care in the choice of your product or service because this product or service will be the basis of the course project for the rest of the course.
For this PART ONE (Part I) of the project you want to complete the product-service identification. Provide substantial details about the product characteristics, features, and benefits.
Sample Outline of the Marketing Plan (Part I):
1. Product-Service Identification
1.1 Brief description of the Company
1.2 Organization structure
1.3 The product being offered and its benefits (no features)
2. Situation Analysis – (this is the section heading, which includes an introductory paragraph, please answer the following questions: What problems your product or service will solve, and are they any emotional triggers related to your product or service? )
2.1 Market Summary
2.2 SWOT Analysis
2.3 Direct and Indirect Competition
Sample Outline of the Marketing Plan (Part II):
3. Marketing Strategy
3.2 Marketing Objectives
3.3 Financial Objectives
3.4 Target Markets
3.6 Marketing Program
• Customer service
3.7 Marketing Research
• Assignment should be 6 pages in length.
• Assignment may include at least 2 peer-reviewed journal articles reviews. Reference all sources using APA format.
• Develop a comprehensive marketing plan incorporating concepts and principles from the course.
Make sure that you use correct spelling, grammar, and punctuation. There is no credit for quoted content on this assignment. Paraphrase your sources. The improper use of direct quotations is considered plagiarism and will earn a grade of zero. For an explanation of the difference between paraphrasing and plagiarism, go to http://writing.wisc.edu/Handbook/QPA_paraphrase.html.
APA resources- http://libguides.broward.edu/APA_Citation
Writing resources- https://libguides.broward.edu/bconlinelibrary/writinglabs
Marketing Plan Template:
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