SlideShare una empresa de Scribd logo
1 de 23
How to Write Feasibility Report and 
Marketing Plan 
zia@milestonevision.com 1
• A marketing plan is a written document detailing the 
current situation with respect to customers, competitors, 
and the external environment and providing guidelines 
for objectives, marketing actions, and resource 
allocations over the planning period for either an existing 
or a proposed product or service. 
• Marketing plans vary in timing, content, and organization 
across companies 
zia@milestonevision.com 2
Presents a short overview of the issues, objectives, strategy and 
actions incorporated in the plan and their expected outcomes for 
quick management review. 
zia@milestonevision.com 3
Summarizes relevant background information on the market, 
competition and the macro environment and trends therein, 
including size and growth rates for the overall market and key 
segments. 
zia@milestonevision.com 4
Examines the past performance of the product and the elements of 
its marketing program (e.g. distribution, promotions, etc.) 
zia@milestonevision.com 5
Identifies the main opportunities and threats to the product that the 
plan must deal with in the coming year and the relative strengths 
and weaknesses of the product and business unit that must be 
taken into account in facing those issues 
zia@milestonevision.com 6
Specifies the goals to be accomplished in terms of sales volume, 
market share and profit 
zia@milestonevision.com 7
Summarizes the overall strategic approach that will be used to 
meet the plan’s objectives 
zia@milestonevision.com 8
• This is the most critical section of 
the annual plan for helping to 
ensure effective implementation 
and co-ordination of activities 
across functional departments. It 
specifies: 
• The Target market to be pursued 
• What specific actions are to be 
taken with respect to each of the 4 
Ps.? 
• Who is responsible for each 
action? 
• When the action will be engaged 
in 
• How much will be budgeted for 
each action. 
• Projected profit-and-loss 
statement 
Presents the expected financial 
payoff from the plan 
• Controls 
Discusses how the plan’s progress 
will be monitored; may present 
contingency plans to be used if 
performance falls below expectations 
or the situation changes. 
• Contingency plans 
Describes actions to be taken if 
specific threats or opportunities 
materialize during the planning period 
zia@milestonevision.com 9
zia@milestonevision.com 10
• The importance of marketing in a company’s ongoing success can 
be better appreciated when you consider the activities marketing 
embraces. Marketing attempts to measure and anticipate the needs 
and wants of a group of customers and respond with a flow of need 
satisfying goods and services. 
• The most important characteristic of marketing as a business 
function is its focus on customers and their needs. This is a focus 
that all managers – not just marketers – need to adopt to ensure 
their organizations can build and sustain a healthy ‘top line.’ 
zia@milestonevision.com 11
• Both individuals and organizations seek goods 
and services obtained through exchange 
transactions. Ultimate customers buy goods and 
services for their own personal use or the use of 
others in their immediate household. These are 
called consumer goods and services. 
• A customer’s ultimate satisfaction with a purchase, 
then, depends on whether the product actually 
lives up to expectations and delivers the 
anticipated benefits. This is why customer services 
– particularly those occurring after a sale, such as 
delivery, installation, operating instruction, and 
repair – are often critical for maintaining satisfied 
customers. 
zia@milestonevision.com 12
• A market consists of (a) individuals and organizations who (b) are 
interested and willing to buy a particular product to obtain benefits 
that will satisfy a specific need or want, and who (c) have the 
resources (time, money) to engage in such a transaction. Some 
markets are sufficiently homogeneous that a company can practice 
undifferentiated marketing in them. The total market for a given 
product category thus is often fragmented into several distinct 
market segments. 
zia@milestonevision.com 13
zia@milestonevision.com 14
• More specifically, marketing management is the 
process of analyzing, planning, implementing, 
coordinating, and controlling programs involving the 
conception, pricing, promotion, and distribution of goods, 
services, and ideas designed to create and maintain 
beneficial exchanges with target markets for the purpose 
of achieving organizational objectives. 
zia@milestonevision.com 15
The analysis necessary to provide the foundation for a good strategic marketing 
plan should focus on four elements of the overall environment that may influence a 
given strategy’s appropriateness and ultimate success: (1) the company’s internal 
resources, capabilities, and strategies; (2) the environmental context – such as 
broad social, economic, and technology trends – in which the firm will compete; (3) 
the needs, wants, and characteristics of current and potential customers; and (4) the 
relative strengths and weaknesses of competitors and trends in the competitive 
environment. Marketers refer to these elements as the 4Cs, and they are described 
in more detail below. 
zia@milestonevision.com 16
• Market Opportunity Analysis 
• Environmental Analysis 
• Industry Analysis and Competitive Advantage 
• Customer Analysis 
zia@milestonevision.com 17
Not all customers with similar needs seek the same products or services to satisfy 
those needs. Their purchase decisions may be influenced by individual preferences, 
personal characteristics, social circumstances, and so forth. On the other hand, 
customers who do purchase the same product may be motivated by different needs, 
seek different benefits from the product, rely on different sources for product 
information, and obtain the product from different distribution channels. 
zia@milestonevision.com 18
• Dozens of specific tactical decisions must be made in designing a strategic marketing 
program for a product market entry. These decisions fall into four categories of major 
marketing variables that a manager has some ability to control over the short term. 
Often called the 4 Ps, the controllable elements of a marketing program are the 
product offering (including the breadth of the product line, quality levels, and 
customer services); price; promotion (advertising, sales promotion, and sales force 
decisions); and place (or distribution channel decisions). Because decisions about 
each element should be consistent and integrated with decisions concerning the 
other three, the four components are often referred to as the marketing mix. 
• The marketing mix is the combination of controllable marketing variables that a 
manager uses to carry out a marketing strategy in pursuit of the firm’s objectives in a 
given target market. 
zia@milestonevision.com 19
zia@milestonevision.com 20
• A final critical determinant of a strategy’s success is the firm’s ability to 
implement it effectively. And this depends on whether the strategy is 
consistent with the resources, the organizational structure, the coordination 
and control systems, and the skills and experience of company 
personnel.16 Managers must design a strategy to fit the company’s existing 
resources, competencies, and procedures – or try to 
• The final tasks in the marketing management process are determining 
whether the strategic marketing program is meeting objectives and 
adjusting the program when performance is disappointing. This 
evaluation and control process provides feedback to managers and serves 
as a basis for a market opportunity analysis in the next planning period 
zia@milestonevision.com 21
Helping You Finalize Idea 
Helping to Develop 
Business Plan and 
Feasibility Study 
Helping in to Successful 
Implementation of project 
zia@milestonevision.com 22
Dr. Zia Ahmed 
zia@milestonevision.com 
“Ethical, Transparent and Sustainable” 
zia@milestonevision.com 23

Más contenido relacionado

La actualidad más candente

Marketing Planning Process
Marketing Planning ProcessMarketing Planning Process
Marketing Planning Process
Sushant Murarka
 
Chapter 4 Conducting Marketing Research and Forecasting Demand
Chapter 4 Conducting Marketing Research and Forecasting DemandChapter 4 Conducting Marketing Research and Forecasting Demand
Chapter 4 Conducting Marketing Research and Forecasting Demand
dona_sia
 
Managing marketing programs
Managing marketing programsManaging marketing programs
Managing marketing programs
Ishan Mahajan
 
Marekting research applications ppt
Marekting research applications pptMarekting research applications ppt
Marekting research applications ppt
ANSHU TIWARI
 

La actualidad más candente (20)

Introduction to Marketing Research
Introduction to Marketing ResearchIntroduction to Marketing Research
Introduction to Marketing Research
 
Marketing plan
Marketing planMarketing plan
Marketing plan
 
Marketing research
Marketing research Marketing research
Marketing research
 
Marketing Planning Process
Marketing Planning ProcessMarketing Planning Process
Marketing Planning Process
 
Marketing Research
Marketing ResearchMarketing Research
Marketing Research
 
Chapter 1 DEFINING MARKETING FOR THE 21st CENTURY
Chapter 1  DEFINING MARKETING FOR THE 21st CENTURYChapter 1  DEFINING MARKETING FOR THE 21st CENTURY
Chapter 1 DEFINING MARKETING FOR THE 21st CENTURY
 
Introduction - Marketing Research
Introduction - Marketing ResearchIntroduction - Marketing Research
Introduction - Marketing Research
 
Chapter 4 Conducting Marketing Research and Forecasting Demand
Chapter 4 Conducting Marketing Research and Forecasting DemandChapter 4 Conducting Marketing Research and Forecasting Demand
Chapter 4 Conducting Marketing Research and Forecasting Demand
 
Competitive analysis
Competitive analysisCompetitive analysis
Competitive analysis
 
Questionnaire Brand Awareness of Green University
Questionnaire Brand Awareness of Green UniversityQuestionnaire Brand Awareness of Green University
Questionnaire Brand Awareness of Green University
 
Market opportunity analysis
Market opportunity analysisMarket opportunity analysis
Market opportunity analysis
 
Customer value
Customer valueCustomer value
Customer value
 
Chapter 3 Conducting Marketing Research
Chapter 3 Conducting Marketing ResearchChapter 3 Conducting Marketing Research
Chapter 3 Conducting Marketing Research
 
Managing marketing programs
Managing marketing programsManaging marketing programs
Managing marketing programs
 
Competitive Dynamics (Chapter 11 Kotler-Keller) 14th
Competitive Dynamics (Chapter 11 Kotler-Keller) 14thCompetitive Dynamics (Chapter 11 Kotler-Keller) 14th
Competitive Dynamics (Chapter 11 Kotler-Keller) 14th
 
Market segmentation
Market segmentationMarket segmentation
Market segmentation
 
Services Marketing Management
Services Marketing ManagementServices Marketing Management
Services Marketing Management
 
Identifying Market Segments and Targets
Identifying Market Segments and TargetsIdentifying Market Segments and Targets
Identifying Market Segments and Targets
 
Marekting research applications ppt
Marekting research applications pptMarekting research applications ppt
Marekting research applications ppt
 
Marketing plan
Marketing planMarketing plan
Marketing plan
 

Destacado

Destacado (6)

EPC Oil and Gas Investment Opportunity
EPC Oil and Gas Investment OpportunityEPC Oil and Gas Investment Opportunity
EPC Oil and Gas Investment Opportunity
 
Kuwait Market Opportunity
Kuwait Market OpportunityKuwait Market Opportunity
Kuwait Market Opportunity
 
Project management Critical Success Factor
Project management Critical Success FactorProject management Critical Success Factor
Project management Critical Success Factor
 
E Business Critical Success Factors
E Business Critical Success Factors E Business Critical Success Factors
E Business Critical Success Factors
 
Mobile Wallet - Tech Startup - $1 Billion Opportunity
Mobile Wallet - Tech Startup - $1 Billion OpportunityMobile Wallet - Tech Startup - $1 Billion Opportunity
Mobile Wallet - Tech Startup - $1 Billion Opportunity
 
Pickles Brief Feasibility Report
Pickles Brief Feasibility ReportPickles Brief Feasibility Report
Pickles Brief Feasibility Report
 

Similar a How to Market Feasibility Report

Marketing strategy of dabur india ltd
Marketing strategy of dabur india ltdMarketing strategy of dabur india ltd
Marketing strategy of dabur india ltd
Abhishek Keshri
 
Marketing plan- NET DOWNLORD
Marketing plan- NET DOWNLORDMarketing plan- NET DOWNLORD
Marketing plan- NET DOWNLORD
Vaibhavi Dalvi
 
Chapter 16: The Marketing Plan
Chapter 16: The Marketing PlanChapter 16: The Marketing Plan
Chapter 16: The Marketing Plan
tjamisonedu
 
Operational Risk: Marketing and sales risks
Operational Risk: Marketing and sales risksOperational Risk: Marketing and sales risks
Operational Risk: Marketing and sales risks
Ignacio Reclusa
 

Similar a How to Market Feasibility Report (20)

The Marketing Plan
The Marketing PlanThe Marketing Plan
The Marketing Plan
 
Marketing strategy of dabur india ltd
Marketing strategy of dabur india ltdMarketing strategy of dabur india ltd
Marketing strategy of dabur india ltd
 
Marketing strategy
Marketing strategyMarketing strategy
Marketing strategy
 
Marketing plan- NET DOWNLORD
Marketing plan- NET DOWNLORDMarketing plan- NET DOWNLORD
Marketing plan- NET DOWNLORD
 
Cmarketing Lesson 2
Cmarketing Lesson  2Cmarketing Lesson  2
Cmarketing Lesson 2
 
Module 5 marketing Strategies and plans.pptx
Module 5 marketing Strategies and plans.pptxModule 5 marketing Strategies and plans.pptx
Module 5 marketing Strategies and plans.pptx
 
Evaluation and Control of Sales Performance
Evaluation and Control of Sales PerformanceEvaluation and Control of Sales Performance
Evaluation and Control of Sales Performance
 
International marketing process
International marketing processInternational marketing process
International marketing process
 
Chapter 16: The Marketing Plan
Chapter 16: The Marketing PlanChapter 16: The Marketing Plan
Chapter 16: The Marketing Plan
 
Marketing_Module_19.ppt
Marketing_Module_19.pptMarketing_Module_19.ppt
Marketing_Module_19.ppt
 
Marketing Management Series 03
Marketing Management Series 03Marketing Management Series 03
Marketing Management Series 03
 
Operational Risk: Marketing and sales risks
Operational Risk: Marketing and sales risksOperational Risk: Marketing and sales risks
Operational Risk: Marketing and sales risks
 
Functions of marketing & strategic marketing planning
Functions of marketing & strategic marketing planningFunctions of marketing & strategic marketing planning
Functions of marketing & strategic marketing planning
 
How-To: Marketing Strategy -Keith Flint
How-To: Marketing Strategy -Keith FlintHow-To: Marketing Strategy -Keith Flint
How-To: Marketing Strategy -Keith Flint
 
6.4.pptx
6.4.pptx6.4.pptx
6.4.pptx
 
Bmgt 411 week_1
Bmgt 411 week_1Bmgt 411 week_1
Bmgt 411 week_1
 
Sales digital and direct marketing strategies presentation
Sales digital and direct marketing strategies presentationSales digital and direct marketing strategies presentation
Sales digital and direct marketing strategies presentation
 
Sales digital and direct marketing strategies presentation
Sales digital and direct marketing strategies presentationSales digital and direct marketing strategies presentation
Sales digital and direct marketing strategies presentation
 
Chapter1
Chapter1Chapter1
Chapter1
 
Module 1 sales management
Module 1 sales managementModule 1 sales management
Module 1 sales management
 

Más de Venture Advisors

Más de Venture Advisors (20)

Digital Transformation Investment Opportunity
Digital Transformation Investment Opportunity Digital Transformation Investment Opportunity
Digital Transformation Investment Opportunity
 
Building Success Story of Life
Building Success Story of LifeBuilding Success Story of Life
Building Success Story of Life
 
Road Map To Greatness
Road Map To GreatnessRoad Map To Greatness
Road Map To Greatness
 
Disposable Syringe Production Process
Disposable Syringe Production  ProcessDisposable Syringe Production  Process
Disposable Syringe Production Process
 
Project Report Super Food and Healthy Food
Project Report Super Food and Healthy FoodProject Report Super Food and Healthy Food
Project Report Super Food and Healthy Food
 
Project Report Healthcare Disposable and Consumable
Project Report Healthcare  Disposable and ConsumableProject Report Healthcare  Disposable and Consumable
Project Report Healthcare Disposable and Consumable
 
Shrimp Farm Project Report
Shrimp Farm Project ReportShrimp Farm Project Report
Shrimp Farm Project Report
 
Think positive - Surely Success Awaits You
Think positive - Surely Success Awaits YouThink positive - Surely Success Awaits You
Think positive - Surely Success Awaits You
 
1 Million USD - Islamic Wealth Plan
1 Million USD - Islamic Wealth Plan1 Million USD - Islamic Wealth Plan
1 Million USD - Islamic Wealth Plan
 
Wealth planning islamic perspective
Wealth planning islamic perspectiveWealth planning islamic perspective
Wealth planning islamic perspective
 
Entrepreneurs - What is your why
Entrepreneurs - What is your whyEntrepreneurs - What is your why
Entrepreneurs - What is your why
 
Beauty and Cosmetics Products Business Opportunity
Beauty and Cosmetics Products Business OpportunityBeauty and Cosmetics Products Business Opportunity
Beauty and Cosmetics Products Business Opportunity
 
Greenhouse Project Report - Feasibility Report
Greenhouse Project Report - Feasibility ReportGreenhouse Project Report - Feasibility Report
Greenhouse Project Report - Feasibility Report
 
Care and cure Medical Laboratory
Care and cure Medical Laboratory Care and cure Medical Laboratory
Care and cure Medical Laboratory
 
Aluminum Industrial Unit - Investment Opportunity in Kuwait
Aluminum Industrial Unit - Investment Opportunity in KuwaitAluminum Industrial Unit - Investment Opportunity in Kuwait
Aluminum Industrial Unit - Investment Opportunity in Kuwait
 
E Business Critical Success Factors
E Business Critical Success FactorsE Business Critical Success Factors
E Business Critical Success Factors
 
Electrical and Lightning Company Buyout
Electrical and Lightning Company Buyout Electrical and Lightning Company Buyout
Electrical and Lightning Company Buyout
 
Entrepreneurship Training and Ideas Development
Entrepreneurship Training and Ideas Development Entrepreneurship Training and Ideas Development
Entrepreneurship Training and Ideas Development
 
Islamic Finance and Monetary Policy
Islamic Finance and Monetary PolicyIslamic Finance and Monetary Policy
Islamic Finance and Monetary Policy
 
IT Market Opportunity in Gulf Countries
IT Market Opportunity in Gulf CountriesIT Market Opportunity in Gulf Countries
IT Market Opportunity in Gulf Countries
 

Último

Brand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdfBrand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdf
tbatkhuu1
 

Último (20)

Factors-Influencing-Branding-Strategies.pptx
Factors-Influencing-Branding-Strategies.pptxFactors-Influencing-Branding-Strategies.pptx
Factors-Influencing-Branding-Strategies.pptx
 
What is Google Search Console and What is it provide?
What is Google Search Console and What is it provide?What is Google Search Console and What is it provide?
What is Google Search Console and What is it provide?
 
Creator Influencer Strategy Master Class - Corinne Rose Guirgis
Creator Influencer Strategy Master Class - Corinne Rose GuirgisCreator Influencer Strategy Master Class - Corinne Rose Guirgis
Creator Influencer Strategy Master Class - Corinne Rose Guirgis
 
Unraveling the Mystery of the Hinterkaifeck Murders.pptx
Unraveling the Mystery of the Hinterkaifeck Murders.pptxUnraveling the Mystery of the Hinterkaifeck Murders.pptx
Unraveling the Mystery of the Hinterkaifeck Murders.pptx
 
Netflix Ads The Game Changer in Video Ads – Who Needs YouTube.pptx (Chester Y...
Netflix Ads The Game Changer in Video Ads – Who Needs YouTube.pptx (Chester Y...Netflix Ads The Game Changer in Video Ads – Who Needs YouTube.pptx (Chester Y...
Netflix Ads The Game Changer in Video Ads – Who Needs YouTube.pptx (Chester Y...
 
The Science of Landing Page Messaging.pdf
The Science of Landing Page Messaging.pdfThe Science of Landing Page Messaging.pdf
The Science of Landing Page Messaging.pdf
 
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel LeminTurn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
 
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
 
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO SuccessBrighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
 
Labour Day Celebrating Workers and Their Contributions.pptx
Labour Day Celebrating Workers and Their Contributions.pptxLabour Day Celebrating Workers and Their Contributions.pptx
Labour Day Celebrating Workers and Their Contributions.pptx
 
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort Service
 
Major SEO Trends in 2024 - Banyanbrain Digital
Major SEO Trends in 2024 - Banyanbrain DigitalMajor SEO Trends in 2024 - Banyanbrain Digital
Major SEO Trends in 2024 - Banyanbrain Digital
 
Foundation First - Why Your Website and Content Matters - David Pisarek
Foundation First - Why Your Website and Content Matters - David PisarekFoundation First - Why Your Website and Content Matters - David Pisarek
Foundation First - Why Your Website and Content Matters - David Pisarek
 
Defining Marketing for the 21st Century,kotler
Defining Marketing for the 21st Century,kotlerDefining Marketing for the 21st Century,kotler
Defining Marketing for the 21st Century,kotler
 
Brand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdfBrand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdf
 
Instant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best PracticesInstant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best Practices
 
Social media, ppt. Features, characteristics
Social media, ppt. Features, characteristicsSocial media, ppt. Features, characteristics
Social media, ppt. Features, characteristics
 
Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...
Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...
Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...
 
Unraveling the Mystery of The Circleville Letters.pptx
Unraveling the Mystery of The Circleville Letters.pptxUnraveling the Mystery of The Circleville Letters.pptx
Unraveling the Mystery of The Circleville Letters.pptx
 
How to Create a Social Media Plan Like a Pro - Jordan Scheltgen
How to Create a Social Media Plan Like a Pro - Jordan ScheltgenHow to Create a Social Media Plan Like a Pro - Jordan Scheltgen
How to Create a Social Media Plan Like a Pro - Jordan Scheltgen
 

How to Market Feasibility Report

  • 1. How to Write Feasibility Report and Marketing Plan zia@milestonevision.com 1
  • 2. • A marketing plan is a written document detailing the current situation with respect to customers, competitors, and the external environment and providing guidelines for objectives, marketing actions, and resource allocations over the planning period for either an existing or a proposed product or service. • Marketing plans vary in timing, content, and organization across companies zia@milestonevision.com 2
  • 3. Presents a short overview of the issues, objectives, strategy and actions incorporated in the plan and their expected outcomes for quick management review. zia@milestonevision.com 3
  • 4. Summarizes relevant background information on the market, competition and the macro environment and trends therein, including size and growth rates for the overall market and key segments. zia@milestonevision.com 4
  • 5. Examines the past performance of the product and the elements of its marketing program (e.g. distribution, promotions, etc.) zia@milestonevision.com 5
  • 6. Identifies the main opportunities and threats to the product that the plan must deal with in the coming year and the relative strengths and weaknesses of the product and business unit that must be taken into account in facing those issues zia@milestonevision.com 6
  • 7. Specifies the goals to be accomplished in terms of sales volume, market share and profit zia@milestonevision.com 7
  • 8. Summarizes the overall strategic approach that will be used to meet the plan’s objectives zia@milestonevision.com 8
  • 9. • This is the most critical section of the annual plan for helping to ensure effective implementation and co-ordination of activities across functional departments. It specifies: • The Target market to be pursued • What specific actions are to be taken with respect to each of the 4 Ps.? • Who is responsible for each action? • When the action will be engaged in • How much will be budgeted for each action. • Projected profit-and-loss statement Presents the expected financial payoff from the plan • Controls Discusses how the plan’s progress will be monitored; may present contingency plans to be used if performance falls below expectations or the situation changes. • Contingency plans Describes actions to be taken if specific threats or opportunities materialize during the planning period zia@milestonevision.com 9
  • 11. • The importance of marketing in a company’s ongoing success can be better appreciated when you consider the activities marketing embraces. Marketing attempts to measure and anticipate the needs and wants of a group of customers and respond with a flow of need satisfying goods and services. • The most important characteristic of marketing as a business function is its focus on customers and their needs. This is a focus that all managers – not just marketers – need to adopt to ensure their organizations can build and sustain a healthy ‘top line.’ zia@milestonevision.com 11
  • 12. • Both individuals and organizations seek goods and services obtained through exchange transactions. Ultimate customers buy goods and services for their own personal use or the use of others in their immediate household. These are called consumer goods and services. • A customer’s ultimate satisfaction with a purchase, then, depends on whether the product actually lives up to expectations and delivers the anticipated benefits. This is why customer services – particularly those occurring after a sale, such as delivery, installation, operating instruction, and repair – are often critical for maintaining satisfied customers. zia@milestonevision.com 12
  • 13. • A market consists of (a) individuals and organizations who (b) are interested and willing to buy a particular product to obtain benefits that will satisfy a specific need or want, and who (c) have the resources (time, money) to engage in such a transaction. Some markets are sufficiently homogeneous that a company can practice undifferentiated marketing in them. The total market for a given product category thus is often fragmented into several distinct market segments. zia@milestonevision.com 13
  • 15. • More specifically, marketing management is the process of analyzing, planning, implementing, coordinating, and controlling programs involving the conception, pricing, promotion, and distribution of goods, services, and ideas designed to create and maintain beneficial exchanges with target markets for the purpose of achieving organizational objectives. zia@milestonevision.com 15
  • 16. The analysis necessary to provide the foundation for a good strategic marketing plan should focus on four elements of the overall environment that may influence a given strategy’s appropriateness and ultimate success: (1) the company’s internal resources, capabilities, and strategies; (2) the environmental context – such as broad social, economic, and technology trends – in which the firm will compete; (3) the needs, wants, and characteristics of current and potential customers; and (4) the relative strengths and weaknesses of competitors and trends in the competitive environment. Marketers refer to these elements as the 4Cs, and they are described in more detail below. zia@milestonevision.com 16
  • 17. • Market Opportunity Analysis • Environmental Analysis • Industry Analysis and Competitive Advantage • Customer Analysis zia@milestonevision.com 17
  • 18. Not all customers with similar needs seek the same products or services to satisfy those needs. Their purchase decisions may be influenced by individual preferences, personal characteristics, social circumstances, and so forth. On the other hand, customers who do purchase the same product may be motivated by different needs, seek different benefits from the product, rely on different sources for product information, and obtain the product from different distribution channels. zia@milestonevision.com 18
  • 19. • Dozens of specific tactical decisions must be made in designing a strategic marketing program for a product market entry. These decisions fall into four categories of major marketing variables that a manager has some ability to control over the short term. Often called the 4 Ps, the controllable elements of a marketing program are the product offering (including the breadth of the product line, quality levels, and customer services); price; promotion (advertising, sales promotion, and sales force decisions); and place (or distribution channel decisions). Because decisions about each element should be consistent and integrated with decisions concerning the other three, the four components are often referred to as the marketing mix. • The marketing mix is the combination of controllable marketing variables that a manager uses to carry out a marketing strategy in pursuit of the firm’s objectives in a given target market. zia@milestonevision.com 19
  • 21. • A final critical determinant of a strategy’s success is the firm’s ability to implement it effectively. And this depends on whether the strategy is consistent with the resources, the organizational structure, the coordination and control systems, and the skills and experience of company personnel.16 Managers must design a strategy to fit the company’s existing resources, competencies, and procedures – or try to • The final tasks in the marketing management process are determining whether the strategic marketing program is meeting objectives and adjusting the program when performance is disappointing. This evaluation and control process provides feedback to managers and serves as a basis for a market opportunity analysis in the next planning period zia@milestonevision.com 21
  • 22. Helping You Finalize Idea Helping to Develop Business Plan and Feasibility Study Helping in to Successful Implementation of project zia@milestonevision.com 22
  • 23. Dr. Zia Ahmed zia@milestonevision.com “Ethical, Transparent and Sustainable” zia@milestonevision.com 23