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The Strategic Marketing Plan
In most organizations, "strategic marketing planning" is an annual process that
typically covers just the year ahead. To be most effective, the marketing plan
has to be formalized, usually written as a Word document and defined as a "formal
marketing plan". The essence of this process is that it moves from generalized
information to specific information; from the overall corporate objectives down
to the individual department action plans or a part of one marketing program.
It is also an interactive and collaborative process, so that the draft output of
each stage is gathered, checked and reviewed to see what impact it has on the
earlier stages - and then amended accordingly.
At Catanich, we recommend that this plan cover a full two years ahead, updated
quarterly and lay
the foundation for the Internet Marketing Calendar to be covered later.
Like scheduling Trade Shows two years in advanced, you will find that the Search
Engines (Google) will have a major affect on the Internet Marketing Calendar.
Specifically, their web page "Indexing" schedule and how that will have an affect
between a "new product introduction" vs. SE's web site indexing schedule (or
what we call a "randomized delay").
The following is a Sample Marketing Plan that we give to our clients and help them fill
out. It lays the foundation for furture decisions to be made and helps out with
the question, "How does our 'brick & morter' marketing plan integrate with our new
'internet' marketing plan?"
"Or will it conflict?"
Question: Who will get credit for the sale? The web site, the shopping cart,
Ebay, Outside Sales, Inside Sales, Technical Support, etc.?
Marketing Plan Outline
Name of company, date, contact information, etc.
Table of Contents
Executive Summary
A high-level summary of the marketing plan.
The Challenge
Company Analysis
Competitor Analysis
The Challenge
Brief description of product to be marketed and associated goals, such as
sales figures and strategic goals.
Situation Analysis
Company Analysis
Goals
Focus
Culture
Strengths
Weaknesses
Market share
Customer Analysis
Number
Type
Value drivers
Decision process
Concentration of customer base for particular products
Competitor Analysis
Market position
Strengths
Weaknesses
Market shares
Collaborators
Subsidiaries
joint ventures
distributors
vendors
Climate
Macro-environmental PEST analysis
Political and legal environment
Economic environment
Social and cultural environment
Technological environment
SWOT Analysis
A SWOT analysis of the business environment can be performed by organizing
the environmental factors as follows:
The firm's internal attributes can be classed as strengths and weaknesses.
The external environment presents opportunities and threats.
Market Segmentation
Present a description of the market segmentation as follows:
Segment 1
Description
Percent of sales
What they want
How they use product
Support requirements
How to reach them
Price sensitivity
Segment 2
Description
Percent of sales
What they want
...
Segment N
Alternative Marketing Strategies
List and discuss the alternatives that were considered before arriving at
the recommended strategy. Alternatives might include discontinuing a product,
re-branding, positioning as a premium or value product, etc.
Selected Marketing Strategy
Discuss why the strategy was selected, then the marketing mix decisions (4 P's)
of product, price, place (distribution), and promotion.
Product
The product decisions should consider the product's advantages and how they will
be leveraged. Product decisions should include:
Brand name
Quality
Scope of product line
Warranty
Packaging
Price
Discuss pricing strategy, expected volume, and decisions for the following
pricing variables.
List price
Discounts
Bundling
Payment terms and financing options
Leasing options
Distribution (Locations)
Decision variables include:
Distribution channels, such as direct, retail, distributors & intermediates
Motivating the channel - for example, distributor margins
Criteria for evaluating distributors
Locations
Logistics, including transportation, warehousing, and order fulfillment
Promotion
Advertising, including which media, with whom, and how much.
Public relations
Promotional programs
Budget; determine break-even point for any additional spending
Projected results of the promotional programs
Short & Long-Term Projections
The selected strategy's immediate effects, expected long-term results, and any special actions required to achieve them. This section may include forecasts of revenues and expenses as well as the results of a break-even analysis.
Conclusion
Summarize all of the above.
Exhibits
Calculations of market size, commissions, profit margins, break-even
analyses, etc.
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