AGRISCIENCE AND NATURAL RESOURCES EDUCATION CURRICULUM (4000) Curriculum Area: BUSINESS MANAGEMENT AND MARKETING (4350) UNIT: AGRICUTURAL MARKETING, SALES, TRADE AND ADVERTISING Mr. Christensen ________________________________________________________________________ (4356) Topic: Marketing Plan ________________________________________________________________________ TOPIC OBJECTIVES: Upon completion of this lesson, the student will be able to : (4356A). List and explain the components to a marketing plan. (4356B). Explain the benefits of a marketing plan. (4356C). Explain the benefits of value-added products. Time Frame: 90 minutes Materials/Equipment: Viewgraph or computer for PowerPoint presentation. Chalkboard or Butcher paper pad Student team packets (documents/portfolios) on the agribusiness they are creating. References: United States Small Business Administration website http://www.sba.gov/starting_business/marketing/plan.html United States Department of Agriculture website: http://www.nal.usda.gov/afsic/nsfc/2ii2.htm Sakthi Soyas website: http://www.sakthisoyas.com/soyavalue.htm Food and Agricultural Organization http://www.fao.org/docrep/w0076e00.htm of the United Nations website: Teaching Procedure: A. Interest Approach: Ask the class to determine the television/radio/magazine advertisement they enjoy the most or are most influenced by. If the students desire they can reenact the advertisement if the subject is appropriate. The discussion of the advertisement will lead directly to the lecture topic on the Marketing plan. B. Teaching Steps: 1. After the interest approach activity, present the Powerpoint presentation, a note taking guide and key is included to provide relevant terms and the components of the marketing plan. 2. After completing the presentation on the marketing plan, present the class with a jar of peanut butter and a bag of shelled peanuts of equal value, ask them what is the difference in the products (soybeans and tofu could also be used as well as other products combinations). Present the PowerPoint and discussion on value-added products. If possible use local products to illustrate the concept (cider or products from Uncle John’s as an example). If available use an obsolete company marketing plan to annotate that companies actually prepare and use the documents. 3. After the presentations and questions, the business groups assemble to work on and prepare a marketing plan, for incorporation into their business development projects. Discussion at the end of the lesson is centered on the group business incorporation of the value-added product concept. C. Review: Writing of the marketing plan provides for a review and reinforcement of the presented material. D. Evaluation: The use and development of the marketing plan is evaluated as a part of the business development project and test questions can be applied to a marketing exam, test questions and test key are included. Note Taking Guide Topic 4356 Marketing Plan Mr. Christensen The marketing plan is a ________________________ document that describes how a firm plans to ______________ and _________________ customers. A properly designed market plan has the following advantages: (1) Identifies the needs and wants of the customer (2) Determine the _______________ for a product or service (3) Aids in the _______________ of products/service (4) Outlines measures to generate cash. (5) Identifies ________ and ______________________ customers (6) Allows for tests to see if strategies are giving the desired results (7) Identifies __________________ and _____________________ competitive advantage (8) Identifies ___________ product/service areas. The disadvantages to a marketing plan include: (1) _______________ weaknesses in your business skills and or plan (2) If bad data or analysis is used it can lead to bad ____________________ decisions. (3) Can create unrealistic financial projections if it is based on bad information. The components of a marketing plan include the _________________ ______________________, which is brief introduction to your company and its plan. The 2nd part is the _________________________ situation, the current status of your business. The 3rd part is the competitor and issues analysis, which lays out the condition of your __________________________, business climate and any specific issues of interest. The 4th section states your _______________________ _________________________ and in what timeframe they will be achieved. The 5th section notes your marketing __________________, what product you have to offer at what __________________; how you will promote it and the place it will be done. Part VI outlines _______________ Programs the tasks to be performed, by who and the timeline for implementation. Part VII is the _________________ or cost of executing the marketing strategy. VIII defines the _________________________ by which you will measure the success of your marketing program. Part IX are supporting ___________________ (spreadsheets, research) upon which the marketing plan is based. Value added agriculture is the ______________________________ of raw materials in both __________________ and nonfood areas to add further ________________to a product (packaging, drying, canning, handcrafting or juicing). Advantages for value added products include: accessing _______________ markets, prolonging shelf life, ____________________________ a use for seconds or culls. Extending the season, making handling easier or providing more convenience and ultimately _____________________ the value of raw materials. Value added products include such things as Ethanol, Tofu, soybean meal, the uses of bee honey, pollen, wax, propolis, royal jelly, venom, adult and larval honeybees. Note Taking Guide Key Topic 4356 The Marketing Plan Mr. Christensen The marketing plan is a comprehensive document that describes how a firm plans to attract and retain customers. A properly designed market plan has the following advantages: (1) Identifies the needs and wants of the customer (2) Determines the demand for a product or service (3) Aids in the design of products/service (4) Outlines measures to generate cash. (5) Identifies new and potential customers (6) Allows for tests to see if strategies are giving the desired results (7) Identifies competitors and your competitive advantage (8) Identifies new product/service areas. The disadvantages to a marketing plan include: (1) Identifies weaknesses in your business skills and or plan (2) If bad data or analysis is used it can lead to bad marketing decisions. (3) Can create unrealistic financial projections if it is based on bad information. The components of a marketing plan include the Executive Summary, which is brief introduction to your company and its plan. The 2nd part is the Current Situation, the current status of your business. The 3rd part is the Competitor and Issues Analysis, which lays out the condition of your competitors, the business climate and any specific issues of interest. The 4th section states your Marketing Objectives and in what timeframe they will be achieved. The 5th section notes your Marketing Strategy, what product you have to offer at what price; how you will promote it and the place it will be done. Part VI outlines Action Programs the tasks to be performed, by who and the timeline for implementation. Part VII is the Budget or cost of executing the marketing strategy. VIII defines the Measurements by which you will measure the success of your marketing program. Part IX are Supporting Documents (spreadsheets, research) upon which the marketing plan is based. Value added agriculture is the processing of raw materials in both food and nonfood areas to add further value to a product (packaging, drying, canning, handcrafting or juicing). Advantages for value added products include: accessing niche markets, prolonging shelf life, creating a use for seconds or culls. Extending the season, making handling easier or providing more convenience and ultimately increasing the value of raw materials. Value added products include such things as Ethanol, Tofu, soybean meal, the uses of bee honey, pollen, wax, propolis, royal jelly, venom, adult and larval honeybees. Test Topic 4356 The Marketing Plan Mr. Christensen 1. True False The marketing plan describes how a company plans to attract and retain customers. 2. True False The marketing plan is just an outline with no specifics. 3. True False The marketing plan identifies new customers but assumes old customers will continue to buy the product through product loyalty. 4. True False The marketing plan identifies the competition and your competitive advantage. 5. True False The marketing plan always works regardless of the data it is based on. 6-17 List four components of the Marketing Plan and what they include? 18-22 Define Value added agriculture? _____________________________________________________________________ _____________________________________________________________________ _____________________________________________________________________ _____________________________________________________________________ ____________ 23-25 List three incentives for value added products or three value added products. Test Topic 4356 Types of Marketing Key Mr. Christensen 1. True False The marketing plan describes how a company plans to attract and retain customers. 2. True False The marketing plan is just an outline with no specifics. 3. True False The marketing plan identifies new customers but assumes old customers will continue to buy the product through product loyalty. 4. True False The marketing plan identifies the competition and your competitive advantage. 5. True False The marketing plan always works regardless of the data it is based on. 6-17 List four components of the Marketing Plan and what they include? Executive Summary, which is brief introduction to your company and its plan. Current Situation, the current status of your business. Competitor and Issues Analysis, which lays out the condition of your competitors, the business climate and any specific issues of interest. Marketing Objectives and in what timeframe they will be achieved. Marketing Strategy, what product you have to offer at what price; how you will promote it and the place it will be done. Action Programs the tasks to be performed, by who and the timeline for implementation. Budget or cost of executing the marketing strategy. Measurements by which you will measure the success of your marketing program. Supporting Documents (spreadsheets, research) upon which the marketing plan is based. 18-22 Define Value added agriculture? Value added agriculture is the processing of raw materials in both food and nonfood areas to add further value of a product (packaging, drying, canning, handcrafting or juicing). 23-25 List three incentives for value added products or three value added products. Accessing niche markets, prolonging shelf life, creating a profitable use for seconds or culls, extending the season, making handling easier, providing more convenience and increasing the monetary value of raw materials. Examples of products covered in class peanut butter, ethanol, tofu, microwave popcorn etc.