The Planning Process Goal Setting Situation Review Strategy Formulation & Implementation Monitoring and Review • • • • • • • Mission Corporate Objectives Marketing Audits SWOT analysis Assumptions Marketing Objectives and strategies Create and implement first year detailed implementation plan • Find the Budget • Keep an eye on how well you are doing, and implement alternatives if required Leading from the Top… …and at the top, the Mission statement. “A mission statement is like the North Star. The North Star is not a place you go, it is a fixed point giving you a perspective on where you are going. Your mission statement keeps you headed in the right general direction. Bobb Biehl Masterplanning (2005) Marketing Planning MAR002-2 Mission, Vision, Values, and/or Purpose Statements Mission: What an organisation hopes to achieve Vision: An organisation’s desired future Values: The core ideology and deeply held beliefs of an organisation Purpose: What the business means to the world Marketing Planning MAR002-2 Marketing Planning MAR002-2 Where did I find the last slide? • Go to www.nike.com • Look for a tab called Investors Marketing Planning MAR002-2 Scroll to the bottom of the Nike home page Marketing Planning MAR002-2 https://weare.lush.com/lushlife/our-ethics/ Marketing Planning MAR002-2 Lush’s ethical stance All business should be ethical and all trade should be fair. Individual companies should not stand out simply by not being damaging or unfair. No company should be trading from an unethical position and society has a right to expect as the norm fairness and resource stewardship from the companies that supply them. Marketing Planning MAR002-2 Starbucks • "Our mission: to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time." http://www.starbucks.com/aboutus/company-information/missionstatement Marketing Planning MAR002-2 Mission, Vision, Values & Purpose Statements • Many organisations use a combination of these statements, and terms are used interchangeably Marketing Planning MAR002-2 www.beds.ac.uk • https://www.beds.ac.uk/about-us/ouruniversity/ Marketing Planning MAR002-2