Marketing Plan Methodology
Throughout this course, you have learned about the elements of a marketing plan.
This assignment will provide you with the opportunity to research the marketing methodology of an existing publicly-traded company; using a publicly-traded company will provide you with access to a greater amount of information to complete this assignment. As you research this company, apply theoretical learning from this course.Include the sections below in your marketing plan. Introduction: Include a brief introduction of the company. Competitive Analysis: Who are your company’s competitors, and how is each differentiated? Identify two or three strengths and two or three weaknesses of your company compared to a minimum of two of your company’s competitors. Marketing Strategies: What are the marketing strategies used by your company in the management of the global customer brand? Use the four Ps in your analysis, which are listed below. Product: Begin with a theoretical definition of a product. What is the product/service offering by your company? How did the development of these new products affect your company’s marketing strategy? Place: Begin with a theoretical definition of place. What are the distribution channels used by your company? Price: Begin with a theoretical definition of price. What is the pricing strategy used by your company? Promotion: Begin with a theoretical definition of promotion.
What are the traditional and digital methods of marketing promotion used by your company? Explain a minimum of three traditional and three digital methods. Competitive Advantage: Identify whether your company has a competitive advantage in each of the areas of the four Ps. Remember that your company could have a competitive advantage in one area and not in another. Include supporting rationale.Yoursubmission must be in essay format and use subheadings. You need to include a minimum of five scholarly sources (no blogs, no Wikipedia), and three must be peer-reviewed sources.Your scholarly activitymust be at least six pages in length, not counting the title page and references page. APA format is required.