SlideShare une entreprise Scribd logo
1  sur  8
Running Head: Marketing plan for Stock All
Marketing plan for Stock All
2
Marketing plan for Stock All
Student’s Name
Institution
Marketing plan for Stock All
A marketing plan is an essential element of any business
organization as it determines the ability of such an organization
to sell its product (Baker & Hart, 2016). It is through the
marketing plan that an organization is able to identify its
customers and provide them with products and services that will
meet their needs. Prior to coming up with a marketing plan, it is
important for a business to look at its products as well as the
market. This enables it to understand the best strategies to
utilize.
Introduction
Stock All is a business organization that primarily manufactures
and sells smartphones. It is a new organization that has just
entered the market and it is still learning on how well to
establish itself. The company is based in California but has
plans to go regional and global. As earlier stated, Stock All
manufactures and sells smartphones that vary in terms of
features and functionality. This variation enables the business
to target different customers.
Environmental Analysis
Regardless of the industry in which a business operates, it is
affected by a number of factors not exist both internally and
externally. It is important for the marketing department to
understand the factors in the environment to understand the best
strategies that can be applied at any given point. Whether or not
the marketing plan of a business will be successful depends on
the kind of strategies that are applied and this can only be
achieved if the environment is effectively analyzed.
i. Competitive Forces
The kind of a marketing plan that Stock All should utilize
should depend on the competitive forces that exist. The
smartphone market is among the most competitive given the
number of businesses that engage in the industry. Basing on
this, Stock All will have to create a strong and competitive
marketing plan in order to get a significant share of the already
crowded market.
ii. Economic Forces
Marketing is an investment that has an impact on the economic
conditions of the organization (Lynn & Close, 2011). The
management team of Stock All should determine whether or not
this investment is worth it. Prior to creating and implementing a
marketing plan, the business should you look at its financial
resources. It needs to have sufficient resources that will enable
it to carry out a successful marketing exercise. Basically,
economic forces affect the ability of a business to market its
products.
iii. Political Forces
Political forces also have a significant impact on the marketing
activities of an organization. It is the political class that sets the
regulations that govern businesses. Stock All needs to take into
consideration what has been enacted as law to make sure that it
does not infringe any.
iv. Legal Forces
Stock on should also ensure that it gets on the legal
documentation before engaging in its marketing. The company
needs to get the necessary licenses and permits that will allow it
to perform its marketing efforts within the legal framework.
v. Technological Forces
Technology is a significant factor in business in the modern
world. For the purpose of having an effective marketing
exercise, is important for a business to utilize different
technologies to make sure that it achieves its target. Stock All
can consider technology buy marketing through different
platforms such as the internet and television. This will enable it
to reach a large number of potential customers.
vi. Sociocultural Forces
Businesses exist in societies that have different cultures. While
conducting its marketing efforts, Stock All should consider the
culture of the people in which it carries out its businesses. It
has to come up with strategies that are acceptable in the society
(Roger, 2012).
Target Market
Businesses exist in societies that have different cultures. While
conducting its marketing efforts, Stock All should consider the
culture of the people in which it carries out its businesses. It
has to come up with strategies that are acceptable in the society.
i. 4Ps
For the purpose of achieving effective marketing, a business has
to make the right decisions with respect to utilizing the 4ps of
marketing. As earlier mentioned, the product in this marketing
plan is a smartphone. With respect to the place, Stock All will
avail its products in different stores across the country for easy
access by but it's primary and secondary target market. The
products will be priced competitively on the basis of the
existing similar products. This will enable customers to have a
choice. As far as promotion is concerned, the company will use
different means to promote its product such as the internet,
television, and billboards at strategic locations (Erica, 2012).
ii. 5cs
The customer is the major focus in this case. They need high-
performance phones that are affordable. The company will
satisfy the needs of the customer by providing them with the
products that require. This will be analyzed through the
frequency of purchasing as well as the quantity of the products
purchased. The second C is the company. Stock All is a
company that is in a position to meet the needs of the
customers. Thirdly, there is competition. The greatest
competitors are Samsung and Apple because they target the
same customers. Fourth, the company will utilize collaborators
such as suppliers and distributors to make sure that the products
reach out to the market effectively and efficiently. Lastly, there
is the context. A business operates in an environment that is
affected by different factors. In this case, one of the limiting
factors is the economic conditions. The labor costs are high and
this will be expensive for the business.
STP
The SLP model basically consists of segmentation, targeting,
positioning. This are essential elements in marketing because
they have a significant and direct impact on the efficiency and
effectiveness of the marketing plan.
Through market segmentation, it will be necessary to determine
particular characteristics of specific market segments in order to
serve them in the right manner. To achieve market targeting,
stroke all will evaluate the potential attractiveness of the
different market segments and select one of them to focus on.
With respect to product positioning, the marketing department
will you make sure that communication is done in the right
manner for the market to understand what the product is (Baines
& Page, 2013). This will involve using effective communication
channels such as the internet and television.
Goals
In the next 1 year, the goal of the company is to create
awareness and attract customers. Basically, it is concerned with
letting the market know that it exists. In the next five years,
Stock All looks forward to being among the top smartphone
sellers in America. One of the ways to know whether or not the
goals have been achieved is by looking at their market share. A
significant increase in the market share will indicate that the
company has managed to achieve its goals.
SWOT Analysis
Strengths
1. Competitive marketing team
2. Financial stability
3. Effective marketing strategies
4. High-quality products
Weaknesses
1. Lack of market familiarity
2. Limited workforce
3. Inexperienced management team
4. Poor employee coordination
Opportunities
1. Exploring new markets
2. Applying better marketing techniques
3. Improving product quality
4. Growth of the market share
Threats
1. Competition
2. Tough economic conditions
3. Political instability in selected areas
4. Risk of business failure
References
Baines, P. & Page, K. (2013). Essentials of Marketing. Oxford:
Oxford University Press.
Baker, M. & Hart, S. (2016). The Marketing Book. London:
Routledge.
Erica, O. (2012). Strategic Planning Kit. New York: John Wiley
and Sons
Lynn, R. & Close, G. (2011). Consumer behavior knowledge.
New York: Routledge
Roger, A. (2012). Marketing: The core. New York: McGraw-
Hill
Marketing Plan for (your company): Part 2 2
Marketing Plan for (the name of your company)
Part 2
Student Name Here
Strayer University
Prof. Mimi Kawwaff
November 9, 2015
Running head: Marketing plan for (your company) Part 2 1
Marketing plan for (your company): Part 2
This is your introduction paragraph. Here you will provide the
reader with an introduction to your paper.
Branding
Develop a branding strategy for your product that covers the
brand name, logo, slogan, and at least one (1) brand extension.
Marketing Strategy and Implementation Plan
Assemble a marketing strategy for your product, and determine
an appropriate time table to implement your plan). Provide a
rationale for your response.
Positioning
Prepare a positioning statement. Include a perceptual map
that shows your company’s position against its competitors.
From this map, create a statement that depicts your position.
See pp. 54 - 55 in the textbook for examples of perceptual
maps. You may use Microsoft Word, PowerPoint, or other
equivalent software to create your perceptual map.
Relevant Consumer Behavior
Examine the relevant consumer behavior for your target
market. Explain the main reasons why the brand name, logo,
slogan, brand extension, as well as the positioning statement
and marketing strategy are right for the identified target market.
Mission and Company Introduction
Develop your company’s mission statement and company
introduction.
References
(Insert relevant, high quality references in the following format.
You need more than 3 references here)
Access Eric, R. D. (1991). Emergent literacy: An early reading
and writing concept. Issues in Adult Literacy Education. The
ERIC Review. Retrieved from EBSCOhost Hansel, G., & Gretel,
D. (1973). Candied houses and unfriendly occupants. Thousand
Oaks, CA: Fairy Tale Publishing.
Hellriegal, D. & Slocum, J.W., Jr. (2011). Organizational
behavior: 2011 custom edition. Mason, OH: South-Western
Cengage Learning.
Imel, S. (1991).ERIC and the Adult Education Act: 25 years of
collaboration.
Retrieved from: http://www.ericdigests.org/pre-9219/adult.htm
Mulally, A. (2010). A message from Alan Mulally. Retrieved
from http://corporate.ford.com/news-center/news/press-
releases/press-releases-detail/message_from_alan_mulally

Contenu connexe

Similaire à Running Head Marketing plan for Stock AllMarketing plan for S.docx

Unit 2Marketing Essentials.docx
Unit 2Marketing Essentials.docxUnit 2Marketing Essentials.docx
Unit 2Marketing Essentials.docxSyedmunimejazEjaz
 
Unit 2Marketing Essentials.docx
Unit 2Marketing Essentials.docxUnit 2Marketing Essentials.docx
Unit 2Marketing Essentials.docxSyedmunimejazEjaz
 
Using theWaters Bottling CompanyinModule 1, continue t.docx
Using theWaters Bottling CompanyinModule 1, continue t.docxUsing theWaters Bottling CompanyinModule 1, continue t.docx
Using theWaters Bottling CompanyinModule 1, continue t.docxcarissaraleigh8985
 
Xpointo collective content b2 b_contentmarketing report
Xpointo collective content b2 b_contentmarketing reportXpointo collective content b2 b_contentmarketing report
Xpointo collective content b2 b_contentmarketing reportDiana Abebrese
 
Running Head Marketing PlanSWOT Analysis .docx
Running Head Marketing PlanSWOT Analysis                      .docxRunning Head Marketing PlanSWOT Analysis                      .docx
Running Head Marketing PlanSWOT Analysis .docxcowinhelen
 
Running head MARKETING PLAN 1MARKETING PLAN8.docx
Running head MARKETING PLAN 1MARKETING PLAN8.docxRunning head MARKETING PLAN 1MARKETING PLAN8.docx
Running head MARKETING PLAN 1MARKETING PLAN8.docxcharisellington63520
 
1  Outline for Completing the Marketing Plan Assignment .docx
1  Outline for Completing the Marketing Plan Assignment .docx1  Outline for Completing the Marketing Plan Assignment .docx
1  Outline for Completing the Marketing Plan Assignment .docxfelicidaddinwoodie
 
DiscussionChoose a problem or issue that you would like to resol
DiscussionChoose a problem or issue that you would like to resolDiscussionChoose a problem or issue that you would like to resol
DiscussionChoose a problem or issue that you would like to resolDustiBuckner14
 
Template for marketing strategy
Template for marketing strategyTemplate for marketing strategy
Template for marketing strategyAdeel Javaid
 
Successful strategies sales and marketing
Successful strategies   sales and marketingSuccessful strategies   sales and marketing
Successful strategies sales and marketingStephen Bibby
 
Powerful ways-to-start-a-new-business vol1
Powerful ways-to-start-a-new-business vol1Powerful ways-to-start-a-new-business vol1
Powerful ways-to-start-a-new-business vol1Your Retail Coach
 
Advantage of strategic marketing for business development
Advantage of strategic marketing for business developmentAdvantage of strategic marketing for business development
Advantage of strategic marketing for business developmentInstant Assignment Help
 
Samsung Push And Pull Strategy
Samsung Push And Pull StrategySamsung Push And Pull Strategy
Samsung Push And Pull StrategyBrooke Curtis
 

Similaire à Running Head Marketing plan for Stock AllMarketing plan for S.docx (20)

Unit 2Marketing Essentials.docx
Unit 2Marketing Essentials.docxUnit 2Marketing Essentials.docx
Unit 2Marketing Essentials.docx
 
Unit 2Marketing Essentials.docx
Unit 2Marketing Essentials.docxUnit 2Marketing Essentials.docx
Unit 2Marketing Essentials.docx
 
Question 1
Question 1Question 1
Question 1
 
Using theWaters Bottling CompanyinModule 1, continue t.docx
Using theWaters Bottling CompanyinModule 1, continue t.docxUsing theWaters Bottling CompanyinModule 1, continue t.docx
Using theWaters Bottling CompanyinModule 1, continue t.docx
 
Market research firms
Market research firmsMarket research firms
Market research firms
 
Introduction
IntroductionIntroduction
Introduction
 
Xpointo collective content b2 b_contentmarketing report
Xpointo collective content b2 b_contentmarketing reportXpointo collective content b2 b_contentmarketing report
Xpointo collective content b2 b_contentmarketing report
 
Running Head Marketing PlanSWOT Analysis .docx
Running Head Marketing PlanSWOT Analysis                      .docxRunning Head Marketing PlanSWOT Analysis                      .docx
Running Head Marketing PlanSWOT Analysis .docx
 
Running head MARKETING PLAN 1MARKETING PLAN8.docx
Running head MARKETING PLAN 1MARKETING PLAN8.docxRunning head MARKETING PLAN 1MARKETING PLAN8.docx
Running head MARKETING PLAN 1MARKETING PLAN8.docx
 
1  Outline for Completing the Marketing Plan Assignment .docx
1  Outline for Completing the Marketing Plan Assignment .docx1  Outline for Completing the Marketing Plan Assignment .docx
1  Outline for Completing the Marketing Plan Assignment .docx
 
Marketing course
Marketing courseMarketing course
Marketing course
 
How To Write A Killer Marketing Plan
How To Write A Killer Marketing Plan How To Write A Killer Marketing Plan
How To Write A Killer Marketing Plan
 
How To Write A Killer Marketing Plan
How To Write A Killer Marketing PlanHow To Write A Killer Marketing Plan
How To Write A Killer Marketing Plan
 
DiscussionChoose a problem or issue that you would like to resol
DiscussionChoose a problem or issue that you would like to resolDiscussionChoose a problem or issue that you would like to resol
DiscussionChoose a problem or issue that you would like to resol
 
Template for marketing strategy
Template for marketing strategyTemplate for marketing strategy
Template for marketing strategy
 
Successful strategies sales and marketing
Successful strategies   sales and marketingSuccessful strategies   sales and marketing
Successful strategies sales and marketing
 
Powerful ways-to-start-a-new-business vol1
Powerful ways-to-start-a-new-business vol1Powerful ways-to-start-a-new-business vol1
Powerful ways-to-start-a-new-business vol1
 
Advantage of strategic marketing for business development
Advantage of strategic marketing for business developmentAdvantage of strategic marketing for business development
Advantage of strategic marketing for business development
 
Samsung Push And Pull Strategy
Samsung Push And Pull StrategySamsung Push And Pull Strategy
Samsung Push And Pull Strategy
 
EFFECTS OF MARKETING STRATEGIES ON ORGANIZATIONAL PERFORMANCE
EFFECTS OF MARKETING STRATEGIES ON ORGANIZATIONAL PERFORMANCEEFFECTS OF MARKETING STRATEGIES ON ORGANIZATIONAL PERFORMANCE
EFFECTS OF MARKETING STRATEGIES ON ORGANIZATIONAL PERFORMANCE
 

Plus de cowinhelen

Case Study 1 Applying Theory to PracticeSocial scientists hav.docx
Case Study 1 Applying Theory to PracticeSocial scientists hav.docxCase Study 1 Applying Theory to PracticeSocial scientists hav.docx
Case Study 1 Applying Theory to PracticeSocial scientists hav.docxcowinhelen
 
Case Study - Option 3 BarbaraBarbara is a 22 year old woman who h.docx
Case Study - Option 3 BarbaraBarbara is a 22 year old woman who h.docxCase Study - Option 3 BarbaraBarbara is a 22 year old woman who h.docx
Case Study - Option 3 BarbaraBarbara is a 22 year old woman who h.docxcowinhelen
 
Case Study - Cyberterrorism—A New RealityWhen hackers claiming .docx
Case Study - Cyberterrorism—A New RealityWhen hackers claiming .docxCase Study - Cyberterrorism—A New RealityWhen hackers claiming .docx
Case Study - Cyberterrorism—A New RealityWhen hackers claiming .docxcowinhelen
 
Case Study - APA paper with min 4 page content Review the Blai.docx
Case Study - APA paper with min 4 page content Review the Blai.docxCase Study - APA paper with min 4 page content Review the Blai.docx
Case Study - APA paper with min 4 page content Review the Blai.docxcowinhelen
 
Case Study - Global Mobile Corporation Damn it, .docx
Case Study - Global Mobile Corporation      Damn it, .docxCase Study - Global Mobile Corporation      Damn it, .docx
Case Study - Global Mobile Corporation Damn it, .docxcowinhelen
 
Case Study #3Apple Suppliers & Labor PracticesWith its h.docx
Case Study #3Apple Suppliers & Labor PracticesWith its h.docxCase Study #3Apple Suppliers & Labor PracticesWith its h.docx
Case Study #3Apple Suppliers & Labor PracticesWith its h.docxcowinhelen
 
CASE STUDY (Individual) Scotland  In terms of its physical l.docx
CASE STUDY (Individual) Scotland  In terms of its physical l.docxCASE STUDY (Individual) Scotland  In terms of its physical l.docx
CASE STUDY (Individual) Scotland  In terms of its physical l.docxcowinhelen
 
Case Study #2 T.D. enjoys caring for the children and young peop.docx
Case Study #2 T.D. enjoys caring for the children and young peop.docxCase Study #2 T.D. enjoys caring for the children and young peop.docx
Case Study #2 T.D. enjoys caring for the children and young peop.docxcowinhelen
 
CASE STUDY #2 Chief Complaint I have pain in my belly”.docx
CASE STUDY #2 Chief Complaint I have pain in my belly”.docxCASE STUDY #2 Chief Complaint I have pain in my belly”.docx
CASE STUDY #2 Chief Complaint I have pain in my belly”.docxcowinhelen
 
Case Study #1Jennifer is a 29-year-old administrative assistan.docx
Case Study #1Jennifer is a 29-year-old administrative assistan.docxCase Study #1Jennifer is a 29-year-old administrative assistan.docx
Case Study #1Jennifer is a 29-year-old administrative assistan.docxcowinhelen
 
Case Study # 2 –Danny’s Unhappy DutyEmployee ProfilesCaro.docx
Case Study # 2 –Danny’s Unhappy DutyEmployee ProfilesCaro.docxCase Study # 2 –Danny’s Unhappy DutyEmployee ProfilesCaro.docx
Case Study # 2 –Danny’s Unhappy DutyEmployee ProfilesCaro.docxcowinhelen
 
Case Study – Multicultural ParadeRead the Case below, and answe.docx
Case Study  – Multicultural ParadeRead the Case below, and answe.docxCase Study  – Multicultural ParadeRead the Case below, and answe.docx
Case Study – Multicultural ParadeRead the Case below, and answe.docxcowinhelen
 
Case Study   THE INVISIBLE SPONSOR1BackgroundSome execut.docx
Case Study    THE INVISIBLE SPONSOR1BackgroundSome execut.docxCase Study    THE INVISIBLE SPONSOR1BackgroundSome execut.docx
Case Study   THE INVISIBLE SPONSOR1BackgroundSome execut.docxcowinhelen
 
CASE STUDY Experiential training encourages changes in work beha.docx
CASE STUDY  Experiential training encourages changes in work beha.docxCASE STUDY  Experiential training encourages changes in work beha.docx
CASE STUDY Experiential training encourages changes in work beha.docxcowinhelen
 
Case Study Hereditary AngioedemaAll responses must be in your .docx
Case Study  Hereditary AngioedemaAll responses must be in your .docxCase Study  Hereditary AngioedemaAll responses must be in your .docx
Case Study Hereditary AngioedemaAll responses must be in your .docxcowinhelen
 
case studieson Gentrification and Displacement in the Sa.docx
case studieson Gentrification and Displacement in the Sa.docxcase studieson Gentrification and Displacement in the Sa.docx
case studieson Gentrification and Displacement in the Sa.docxcowinhelen
 
Case Studt on KFC Introduction1) Identify the type of .docx
Case Studt on KFC Introduction1) Identify the type of .docxCase Studt on KFC Introduction1) Identify the type of .docx
Case Studt on KFC Introduction1) Identify the type of .docxcowinhelen
 
Case Study Crocs Revolutionizing an Industry’s Supply Chain .docx
Case Study  Crocs Revolutionizing an Industry’s Supply Chain .docxCase Study  Crocs Revolutionizing an Industry’s Supply Chain .docx
Case Study Crocs Revolutionizing an Industry’s Supply Chain .docxcowinhelen
 
Case Studies Student must complete 5 case studies as instructed.docx
Case Studies Student must complete 5 case studies as instructed.docxCase Studies Student must complete 5 case studies as instructed.docx
Case Studies Student must complete 5 case studies as instructed.docxcowinhelen
 
Case Studies in Telehealth AdoptionThe mission of The Comm.docx
Case Studies in Telehealth AdoptionThe mission of The Comm.docxCase Studies in Telehealth AdoptionThe mission of The Comm.docx
Case Studies in Telehealth AdoptionThe mission of The Comm.docxcowinhelen
 

Plus de cowinhelen (20)

Case Study 1 Applying Theory to PracticeSocial scientists hav.docx
Case Study 1 Applying Theory to PracticeSocial scientists hav.docxCase Study 1 Applying Theory to PracticeSocial scientists hav.docx
Case Study 1 Applying Theory to PracticeSocial scientists hav.docx
 
Case Study - Option 3 BarbaraBarbara is a 22 year old woman who h.docx
Case Study - Option 3 BarbaraBarbara is a 22 year old woman who h.docxCase Study - Option 3 BarbaraBarbara is a 22 year old woman who h.docx
Case Study - Option 3 BarbaraBarbara is a 22 year old woman who h.docx
 
Case Study - Cyberterrorism—A New RealityWhen hackers claiming .docx
Case Study - Cyberterrorism—A New RealityWhen hackers claiming .docxCase Study - Cyberterrorism—A New RealityWhen hackers claiming .docx
Case Study - Cyberterrorism—A New RealityWhen hackers claiming .docx
 
Case Study - APA paper with min 4 page content Review the Blai.docx
Case Study - APA paper with min 4 page content Review the Blai.docxCase Study - APA paper with min 4 page content Review the Blai.docx
Case Study - APA paper with min 4 page content Review the Blai.docx
 
Case Study - Global Mobile Corporation Damn it, .docx
Case Study - Global Mobile Corporation      Damn it, .docxCase Study - Global Mobile Corporation      Damn it, .docx
Case Study - Global Mobile Corporation Damn it, .docx
 
Case Study #3Apple Suppliers & Labor PracticesWith its h.docx
Case Study #3Apple Suppliers & Labor PracticesWith its h.docxCase Study #3Apple Suppliers & Labor PracticesWith its h.docx
Case Study #3Apple Suppliers & Labor PracticesWith its h.docx
 
CASE STUDY (Individual) Scotland  In terms of its physical l.docx
CASE STUDY (Individual) Scotland  In terms of its physical l.docxCASE STUDY (Individual) Scotland  In terms of its physical l.docx
CASE STUDY (Individual) Scotland  In terms of its physical l.docx
 
Case Study #2 T.D. enjoys caring for the children and young peop.docx
Case Study #2 T.D. enjoys caring for the children and young peop.docxCase Study #2 T.D. enjoys caring for the children and young peop.docx
Case Study #2 T.D. enjoys caring for the children and young peop.docx
 
CASE STUDY #2 Chief Complaint I have pain in my belly”.docx
CASE STUDY #2 Chief Complaint I have pain in my belly”.docxCASE STUDY #2 Chief Complaint I have pain in my belly”.docx
CASE STUDY #2 Chief Complaint I have pain in my belly”.docx
 
Case Study #1Jennifer is a 29-year-old administrative assistan.docx
Case Study #1Jennifer is a 29-year-old administrative assistan.docxCase Study #1Jennifer is a 29-year-old administrative assistan.docx
Case Study #1Jennifer is a 29-year-old administrative assistan.docx
 
Case Study # 2 –Danny’s Unhappy DutyEmployee ProfilesCaro.docx
Case Study # 2 –Danny’s Unhappy DutyEmployee ProfilesCaro.docxCase Study # 2 –Danny’s Unhappy DutyEmployee ProfilesCaro.docx
Case Study # 2 –Danny’s Unhappy DutyEmployee ProfilesCaro.docx
 
Case Study – Multicultural ParadeRead the Case below, and answe.docx
Case Study  – Multicultural ParadeRead the Case below, and answe.docxCase Study  – Multicultural ParadeRead the Case below, and answe.docx
Case Study – Multicultural ParadeRead the Case below, and answe.docx
 
Case Study   THE INVISIBLE SPONSOR1BackgroundSome execut.docx
Case Study    THE INVISIBLE SPONSOR1BackgroundSome execut.docxCase Study    THE INVISIBLE SPONSOR1BackgroundSome execut.docx
Case Study   THE INVISIBLE SPONSOR1BackgroundSome execut.docx
 
CASE STUDY Experiential training encourages changes in work beha.docx
CASE STUDY  Experiential training encourages changes in work beha.docxCASE STUDY  Experiential training encourages changes in work beha.docx
CASE STUDY Experiential training encourages changes in work beha.docx
 
Case Study Hereditary AngioedemaAll responses must be in your .docx
Case Study  Hereditary AngioedemaAll responses must be in your .docxCase Study  Hereditary AngioedemaAll responses must be in your .docx
Case Study Hereditary AngioedemaAll responses must be in your .docx
 
case studieson Gentrification and Displacement in the Sa.docx
case studieson Gentrification and Displacement in the Sa.docxcase studieson Gentrification and Displacement in the Sa.docx
case studieson Gentrification and Displacement in the Sa.docx
 
Case Studt on KFC Introduction1) Identify the type of .docx
Case Studt on KFC Introduction1) Identify the type of .docxCase Studt on KFC Introduction1) Identify the type of .docx
Case Studt on KFC Introduction1) Identify the type of .docx
 
Case Study Crocs Revolutionizing an Industry’s Supply Chain .docx
Case Study  Crocs Revolutionizing an Industry’s Supply Chain .docxCase Study  Crocs Revolutionizing an Industry’s Supply Chain .docx
Case Study Crocs Revolutionizing an Industry’s Supply Chain .docx
 
Case Studies Student must complete 5 case studies as instructed.docx
Case Studies Student must complete 5 case studies as instructed.docxCase Studies Student must complete 5 case studies as instructed.docx
Case Studies Student must complete 5 case studies as instructed.docx
 
Case Studies in Telehealth AdoptionThe mission of The Comm.docx
Case Studies in Telehealth AdoptionThe mission of The Comm.docxCase Studies in Telehealth AdoptionThe mission of The Comm.docx
Case Studies in Telehealth AdoptionThe mission of The Comm.docx
 

Dernier

HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxmarlenawright1
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Pooja Bhuva
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024Elizabeth Walsh
 
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptxCOMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptxannathomasp01
 
How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxCeline George
 
Wellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptxWellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptxJisc
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...Nguyen Thanh Tu Collection
 
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...Amil baba
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.christianmathematics
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.pptRamjanShidvankar
 
Plant propagation: Sexual and Asexual propapagation.pptx
Plant propagation: Sexual and Asexual propapagation.pptxPlant propagation: Sexual and Asexual propapagation.pptx
Plant propagation: Sexual and Asexual propapagation.pptxUmeshTimilsina1
 
Python Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxPython Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxRamakrishna Reddy Bijjam
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxEsquimalt MFRC
 
How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17Celine George
 
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...pradhanghanshyam7136
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.MaryamAhmad92
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSCeline George
 
Salient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsSalient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsKarakKing
 
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptxExploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptxPooja Bhuva
 
Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and ModificationsMJDuyan
 

Dernier (20)

HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024
 
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptxCOMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
 
How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptx
 
Wellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptxWellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptx
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
 
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
Plant propagation: Sexual and Asexual propapagation.pptx
Plant propagation: Sexual and Asexual propapagation.pptxPlant propagation: Sexual and Asexual propapagation.pptx
Plant propagation: Sexual and Asexual propapagation.pptx
 
Python Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxPython Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docx
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17
 
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POS
 
Salient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsSalient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functions
 
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptxExploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
 
Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and Modifications
 

Running Head Marketing plan for Stock AllMarketing plan for S.docx

  • 1. Running Head: Marketing plan for Stock All Marketing plan for Stock All 2 Marketing plan for Stock All Student’s Name Institution Marketing plan for Stock All A marketing plan is an essential element of any business organization as it determines the ability of such an organization to sell its product (Baker & Hart, 2016). It is through the marketing plan that an organization is able to identify its customers and provide them with products and services that will meet their needs. Prior to coming up with a marketing plan, it is important for a business to look at its products as well as the market. This enables it to understand the best strategies to utilize. Introduction Stock All is a business organization that primarily manufactures and sells smartphones. It is a new organization that has just entered the market and it is still learning on how well to establish itself. The company is based in California but has plans to go regional and global. As earlier stated, Stock All manufactures and sells smartphones that vary in terms of features and functionality. This variation enables the business to target different customers. Environmental Analysis
  • 2. Regardless of the industry in which a business operates, it is affected by a number of factors not exist both internally and externally. It is important for the marketing department to understand the factors in the environment to understand the best strategies that can be applied at any given point. Whether or not the marketing plan of a business will be successful depends on the kind of strategies that are applied and this can only be achieved if the environment is effectively analyzed. i. Competitive Forces The kind of a marketing plan that Stock All should utilize should depend on the competitive forces that exist. The smartphone market is among the most competitive given the number of businesses that engage in the industry. Basing on this, Stock All will have to create a strong and competitive marketing plan in order to get a significant share of the already crowded market. ii. Economic Forces Marketing is an investment that has an impact on the economic conditions of the organization (Lynn & Close, 2011). The management team of Stock All should determine whether or not this investment is worth it. Prior to creating and implementing a marketing plan, the business should you look at its financial resources. It needs to have sufficient resources that will enable it to carry out a successful marketing exercise. Basically, economic forces affect the ability of a business to market its products. iii. Political Forces Political forces also have a significant impact on the marketing activities of an organization. It is the political class that sets the regulations that govern businesses. Stock All needs to take into consideration what has been enacted as law to make sure that it does not infringe any. iv. Legal Forces
  • 3. Stock on should also ensure that it gets on the legal documentation before engaging in its marketing. The company needs to get the necessary licenses and permits that will allow it to perform its marketing efforts within the legal framework. v. Technological Forces Technology is a significant factor in business in the modern world. For the purpose of having an effective marketing exercise, is important for a business to utilize different technologies to make sure that it achieves its target. Stock All can consider technology buy marketing through different platforms such as the internet and television. This will enable it to reach a large number of potential customers. vi. Sociocultural Forces Businesses exist in societies that have different cultures. While conducting its marketing efforts, Stock All should consider the culture of the people in which it carries out its businesses. It has to come up with strategies that are acceptable in the society (Roger, 2012). Target Market Businesses exist in societies that have different cultures. While conducting its marketing efforts, Stock All should consider the culture of the people in which it carries out its businesses. It has to come up with strategies that are acceptable in the society. i. 4Ps For the purpose of achieving effective marketing, a business has to make the right decisions with respect to utilizing the 4ps of marketing. As earlier mentioned, the product in this marketing plan is a smartphone. With respect to the place, Stock All will avail its products in different stores across the country for easy access by but it's primary and secondary target market. The products will be priced competitively on the basis of the existing similar products. This will enable customers to have a choice. As far as promotion is concerned, the company will use
  • 4. different means to promote its product such as the internet, television, and billboards at strategic locations (Erica, 2012). ii. 5cs The customer is the major focus in this case. They need high- performance phones that are affordable. The company will satisfy the needs of the customer by providing them with the products that require. This will be analyzed through the frequency of purchasing as well as the quantity of the products purchased. The second C is the company. Stock All is a company that is in a position to meet the needs of the customers. Thirdly, there is competition. The greatest competitors are Samsung and Apple because they target the same customers. Fourth, the company will utilize collaborators such as suppliers and distributors to make sure that the products reach out to the market effectively and efficiently. Lastly, there is the context. A business operates in an environment that is affected by different factors. In this case, one of the limiting factors is the economic conditions. The labor costs are high and this will be expensive for the business. STP The SLP model basically consists of segmentation, targeting, positioning. This are essential elements in marketing because they have a significant and direct impact on the efficiency and effectiveness of the marketing plan. Through market segmentation, it will be necessary to determine particular characteristics of specific market segments in order to serve them in the right manner. To achieve market targeting, stroke all will evaluate the potential attractiveness of the different market segments and select one of them to focus on. With respect to product positioning, the marketing department will you make sure that communication is done in the right manner for the market to understand what the product is (Baines
  • 5. & Page, 2013). This will involve using effective communication channels such as the internet and television. Goals In the next 1 year, the goal of the company is to create awareness and attract customers. Basically, it is concerned with letting the market know that it exists. In the next five years, Stock All looks forward to being among the top smartphone sellers in America. One of the ways to know whether or not the goals have been achieved is by looking at their market share. A significant increase in the market share will indicate that the company has managed to achieve its goals. SWOT Analysis Strengths 1. Competitive marketing team 2. Financial stability 3. Effective marketing strategies 4. High-quality products Weaknesses 1. Lack of market familiarity 2. Limited workforce 3. Inexperienced management team 4. Poor employee coordination Opportunities 1. Exploring new markets 2. Applying better marketing techniques
  • 6. 3. Improving product quality 4. Growth of the market share Threats 1. Competition 2. Tough economic conditions 3. Political instability in selected areas 4. Risk of business failure References Baines, P. & Page, K. (2013). Essentials of Marketing. Oxford: Oxford University Press. Baker, M. & Hart, S. (2016). The Marketing Book. London: Routledge. Erica, O. (2012). Strategic Planning Kit. New York: John Wiley and Sons Lynn, R. & Close, G. (2011). Consumer behavior knowledge. New York: Routledge Roger, A. (2012). Marketing: The core. New York: McGraw- Hill Marketing Plan for (your company): Part 2 2
  • 7. Marketing Plan for (the name of your company) Part 2 Student Name Here Strayer University Prof. Mimi Kawwaff November 9, 2015 Running head: Marketing plan for (your company) Part 2 1 Marketing plan for (your company): Part 2 This is your introduction paragraph. Here you will provide the reader with an introduction to your paper. Branding Develop a branding strategy for your product that covers the brand name, logo, slogan, and at least one (1) brand extension. Marketing Strategy and Implementation Plan Assemble a marketing strategy for your product, and determine an appropriate time table to implement your plan). Provide a rationale for your response. Positioning Prepare a positioning statement. Include a perceptual map that shows your company’s position against its competitors. From this map, create a statement that depicts your position. See pp. 54 - 55 in the textbook for examples of perceptual maps. You may use Microsoft Word, PowerPoint, or other equivalent software to create your perceptual map. Relevant Consumer Behavior Examine the relevant consumer behavior for your target market. Explain the main reasons why the brand name, logo, slogan, brand extension, as well as the positioning statement and marketing strategy are right for the identified target market. Mission and Company Introduction Develop your company’s mission statement and company introduction.
  • 8. References (Insert relevant, high quality references in the following format. You need more than 3 references here) Access Eric, R. D. (1991). Emergent literacy: An early reading and writing concept. Issues in Adult Literacy Education. The ERIC Review. Retrieved from EBSCOhost Hansel, G., & Gretel, D. (1973). Candied houses and unfriendly occupants. Thousand Oaks, CA: Fairy Tale Publishing. Hellriegal, D. & Slocum, J.W., Jr. (2011). Organizational behavior: 2011 custom edition. Mason, OH: South-Western Cengage Learning. Imel, S. (1991).ERIC and the Adult Education Act: 25 years of collaboration. Retrieved from: http://www.ericdigests.org/pre-9219/adult.htm Mulally, A. (2010). A message from Alan Mulally. Retrieved from http://corporate.ford.com/news-center/news/press- releases/press-releases-detail/message_from_alan_mulally