12 SENIOR HIGH SCHOOL PRINCIPLES OF MARKETING Quarter 4 – Module 7 Mini-Marketing Plan Presentation Principles of Marketing – Grade 12 Alternative Delivery Mode Quarter 4 – Module 7: Mini-Marketing Plan Presentation First Edition, 2020 Republic Act 8293, section 176 states that: No copyright shall subsist in any work of the Government of the Philippines. However, prior approval of the government agency or office wherein the work is created shall be necessary for exploitation of such work for profit. Such agency or office may, among other things, impose as a condition the payment of royalties. Borrowed materials (i.e., songs, stories, poems, pictures, photos, brand names, trademarks, etc.) included in this module are owned by their respective copyright holders. Every effort has been exerted to locate and seek permission to use these materials from their respective copyright owners. The publisher and authors do not represent nor claim ownership over them. Published by the Department of Education Secretary: Leonor Magtolis Briones Undersecretary: Diosdado M. San Antonio Development Team of the Module Writer: Donna Diaz-Francisco, LPT Editor: Cheryl R. Sechico Reviewer: Salvador G. Aguilar Jr Layout Artist: Maria Cristina M. Salasalan Management Team: Senen Priscillo P. Paulin, CESO V Elisa L. Baguio, EdD Joelyza M. Arcilla EdD, CESE Rosela R. Abiera Marcelo K. Palispis JD, EdD Maricel S. Rasid Nilita L. Ragay, EdD Elmar L. Cabrera Printed in the Philippines by ________________________ Department of Education –Region VII Schools Division of Negros Oriental Office Address: Tele #: E-mail Address: Kagawasan, Ave., Daro, Dumaguete City, Negros Oriental (035) 225 2376 / 541 1117 negros.oriental@deped.gov.ph 12 Principles of Marketing Quarter 4 – Module 7 Mini-Marketing Plan Presentation I Through religious reading of this ADM and by doing the given tasks, students may reach the following objectives: LEARNING COMPETENCY: Present a mini-marketing plan, orally and in writing (ABM_PM11IIgj-25) OBJECTIVES: K: Identify the essential components in preparing a mini marketing plan; S: Present a mini-marketing plan; A: Discuss the importance of identifying the essential components of a marketing plan and presenting a minimarketing plan. 2 I Task 1 Directions: Identify what is asked in each item. Choices are found inside the box. Write only the letter of the correct answer in your notebook/answer sheet. A. Executive Summary B. Study Background C. Macro-environmental analysis D. Opportunities and Threats E. Micro-environmental analysis F. The Market G. Marketing objectives H. Tactical implementation I. Marketing Budget J. Financial projections K. Topic 1. 2. It has market size, market trends and market needs. Portion of a marketing plan that may include brand awareness target and sales revenue objectives. They must be specific, measurable, attainable, realistic and time-bounded. 3. A component of a marketing plan that develops tactics for each strategy. Some strategies may only require a little a two tactical plan, while others may need to be supported by five or more tactics. 4. On this part of the marketing plan , indicates the total cost involved in the implementation of the proposed marketing plan. 5. At the point, financial viability of the proposed marketing plan is presented. 6. Part of the marketing plan that outlines the most important findings from your research. It is a summary of the entire marketing strategy. It offers a high-level overview of your overall brand objectives, marketing goals and marketing activities. 7. Contains brief history of the company, mission and vision and product/service offerings 8. Component of a marketing plan that makes an assessment on each of the company’s macro-environments. 9. Part of the marketing plan that enumerates identified opportunities and threats from the macro-environment analysis. 10. A component of a marketing plan that talks about company, supplier, marketing intermediaries, customers, competitions and public. 3 ’s In Task 2 In every business no matter how big or small, writing a marketing plan is important to sustain its operation. A marketing plan helps you promote products and services in your business that meet the needs of your target market. It requires research, time and commitment, but is a very valuable process that can greatly contribute to your business success. Now, I want you to choose a word/group of words found inside the box you think that highlights or best describes Marketing plan. -Identifying target customers -Roadmap -Create repeat customers -Communication Intervention -Document/blue print -Business activities -Feasibility study - Business plan -Accomplishing specific marketing objectives within a set time frame Marketing Plan _______________________ _______________________ _______________________ _______________________ _______________________ _______________________ Task 2 explains why a business must write a marketing plan. Why write a Marketing Plan? Whether you are just starting your business or thinking about growing your operations, a good marketing plan includes everything from identifying your target customers to how you will reach them to how you will create repeat buyers. Your marketing plan is the road map you will use to get unlimited customer loyalty and improve the success of your organization. 4 ’s New TASK 3 In writing a marketing plan, factors of marketing analysis must be included. Instructions: Identify the following words enumerated below if it is Micro-environment or Macro-environment. Write your answers in your activity notebook Micro-environment or Macro-environment 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. The company Economic Supplier Politico-legal Marketing intermediaries Socio-cultural Customers Demographic Competition Technological Public Natural is It A Marketing Plan is a comprehensive document or blueprint that outlines a company’s advertising and marketing efforts for the coming year. It describes business activities involved in accomplishing specific marketing objectives within a set time frame. Marketing Plans can be put together for new products or for existing products - so long as it is a product that requires a communication intervention, then a marketing plan can be put together for it. 5 It should be noted that a marketing plan is NOT any of the following: • • Business Plan. A business plan is a road map for a business. It is involved more with analyzing a current business model and proposing strategies for making it achieve critical objectives. Feasibility Study. A feasibility study is a proposal for a new business. Here, everything is still in a conceptual phase, down to the market opportunities that seek to be addressed. A feasibility study may include a section that behaves like a marketing plan as it outlines market communication strategies for the proposed business. But as a whole, a feasibility study is all about whether or not a business idea can fly-mapping out all the tasks that have to be accomplished, the investment that needs to be poured into the enterprise, and the expected return on investment. At this point, you are now ready to combine and integrate all the knowledge and learning you have acquired on the basic principles of marketing. There is no way better for you to demonstrate this than through the preparation of a mini-marketing plan. Below is a brief outline of a mini-marketing plan: I. Executive summary II. Background of the Study a. Brief history of the company b. Mission and Vision c. Product/service offerings III. Macro-environmental analysis a. Economic b. Politico-legal c. Socio-cultural d. Demographic e. Technological f. Natural IV. Opportunities and Threats V. Micro-environmental Analysis a. The company b. Suppliers c. Marketing Intermediaries d. Customers e. Competition f. Publics VI. Strengths and Weaknesses VII. The Market a. Market size b. Market needs 6 c. Market trends VIII. Marketing Objectives IX. Marketing Strategies A. Product/service strategy 1. Target Market 2. Brand positioning B. Pricing strategy C. Distribution strategy D. Advertising and promotions strategy X. Tactical Implementation XI. Marketing Budget XII. Feedback and Control XIII. Financial projections Let us now proceed to complete each part of the plan: I. Executive Summary The executive summary presents, in a very concise manner, vital Information contained in the marketing plan such as its marketing objectives, strategy recommendations, marketing budget, projected sales, and profitability. A well-written executive summary is usually no longer than one or two pages. Because it is a summary of the significant points and figures contained in the marketing plan, the executive summary can only be composed after the marketing plan is completed. II. Background of the Study A. Brief history of the company • As the starting point for your paper, select a product brand. • Identify its manufacturer and write a brief history of this company. Most companies’ historical background can be found in the internet. Whenever you use material from the Internet, always cite your source. B. Mission and vision • Research on the company’s mission and vision through the internet. These statements can give you a vital information on its business philosophy and long-term directions. C. Product/service offerings • List down the company’s current product offerings, classifying them by type (hair care, personal care, home care, etc) and also indicate their suggested retail prices (SRP). This product listing can determine the specific role your selected product brand plays in the company’s entire product offering or product portfolio. 7 III. Macro-Environmental Analysis Make an assessment on each of the company’s macro-environments. Get the latest data possible. A marketing plan of a particular product is a plan of action for the future and is intended to be implemented in the coming year. It is therefore important that after accessing current information, secure also authoritative information on how figures may look like in the following year. Since the marketing plan is to be implemented a year after, it is the following year’s macro-economic environment that the product will have to contend with. Future indicators are readily available on the internet. A. Economic Latest economic data is projected. Inflation rate and peso-dollar exchange rates are usually critical in determining future cost, price, and consumer purchasing power. Gross Domestic Product (GDP) can indicate the general business environment in the coming year. These data are available at the Bangko Sentral ng Pilipinas website (www.bsp.gov.ph). Make sure only relevant economic data are used. Economic factors should be concisely stated and the accompanied figures and projections acquired should also be indicated. B. Politico-legal The political macro-environment is assessed. Unless there is obvious political stability, there is no need to project the political environment. An exception would be a national election, which may cause the economic and business climate to change dramatically. Bills currently pending on the senate or in congress that may be enacted into law in the coming year should be considered. C. Socio-cultural Identify relevant socio-cultural factors that may affect the manner of how the selected brand will be marketed. There may, however, be no possible change in the coming years because socio-cultural factors take years, if not generation, to change. D. Demographic Based on target market, cite current and relevant figures that may affect the marketability of the product. Therefore, if and target market is “female residents of Metro Manila between the ages of 18 and 25, who are career oriented,” determine the population of Metro Manila, the gender mix of population, and the distribution of the population by age are all relevant to your brands marketability. As discussed in psychographic segmentation (“who are career oriented”) is important in determining consumer behavior, there is little to on Philippine population psychographic information available on the internet. Because it takes many years before demographic trends to change substantially, there is no need to project demographic data acquired. 8 E. Technological Depending on the industry relevant technological developments that may favorably or unfavorably affect the chosen brand. This may include, for example, a new production process which the company can adopt to reduce manufacturing cost, or an innovative type of packaging, the patent of which may be owned by one of the competitors. F. Natural A thorough analysis of the natural macro-environment is undertaken in this section: pollution, global warning and acts of God, among others. There’s no need to project this into the marketing plan’s implementation phase, however, because this issues are not volatile over the short term period IV. Opportunities and Threats Enumerate identified opportunities and threats from the macro-environment analysis. Arrange them chronologically. Relate them directly to a specific macro-environmental factor and justify why they classified as opportunities or threats. V. Micro-Environmental Analysis The six micro-environmental factors assessed and evaluated. Because the microenvironment is not expected to change dramatically over the short-term, it is largely unnecessary to project the situation to the following year. The only aspect which may situationally require projection is the competitive situation. It may be possible that there is public knowledge of the entry of new competitor that may affect the industry’s competitive landscape. A. The company The company is evaluated in terms of its organizational ability to implement marketing strategies. The relationship among functional areas must be evaluated to determine if there are bottlenecks in decision-making, and if other functional departments are supportive of the marketing. It would also be helpful to look at the latest company income statement to evaluate the company’s cost structure. Financial statements are available from the Securities and Exchange Commission. B. Supplier In this section, the relationship between the company and its suppliers is assessed. This is especially for suppliers involved in the supply of raw materials vital to product manufacturing. Any opportunities to improve the company’s supply chain should also be investigated with the objective of reducing the product cost and increasing value to the customers. 9 C. Marketing intermediaries The company’s distribution network is illustrated and explained in this section. The choice of distribution type is reviewed and possible improvements in intermediary relationships is determined. D. Customers In this section of the marketing plan, identification of the geographic, demographic and psychographic profile of the brand’s typical customer is expected. The buying behavior should be explained and understood, e.g. why they buy, where they buy, how frequently they buy, and how they use your product. E. Competition This is where the brand competitors and the companies that manufacture them are identified. If necessary, draw a perceptual map to identify the closest competitors. Identify also the relative positions of the different competing brands (including your own) in terms of market share. It would also be important to discuss the recent competitive actions of the competitors in order to anticipate how they will most likely respond to the proposed marketing strategies. F. Publics Evaluate the company’s relationship with its publics; corporate stockholders, the community, financial institutions, media, the government, and society as a whole. This can prevent any future need for the company to engage in public relations and publicity. VI. Strengths and Weaknesses Enumerate the identified strength and weaknesses from the micro- environmental analysis. Arrange them chronologically. Relate them directly to a specific microenvironmental factor and justify why they are classified as strength and weaknesses. VII. The Market A. Market size Show the size of your market. The total market is the sum total of the group of individual or organizational consumers who have both the willingness and financial capability to purchase a particular product or service. If you can identify your industry competitors, simply add the total sales of all different brands to arrive at the market size. If this information is not available, you may need to conduct interviews or surveys to determine purchase size, frequency of purchase, and average price paid. When this is combined with the 10 market population data you will arrive at market size. Market size is expressed either in units or in value (pesos). B. Market needs Know your market intimately to be able to serve its needs. Understand and express what exactly the market is looking for in the product that you are offering. Describe the market needs and wants and its value perceptions of various product/service attributes. C. Market trends A market trend is a perceived tendency of financial markets to move in a particular direction over time. ... A trend can only be determined in hindsight, since at any time prices in the future are not known. VIII. Marketing Objectives In this section state the marketing objectives. Arrange the objectives in sequence. Marketing objectives may include brand awareness target and sales revenue objectives. They must be specific, measurable, attainable, realistic and time-bounded. An example of marketing objective pertaining to brand awareness is as follows: “To attain a brand awareness level of 65 % by December 31, 2021” IX. Marketing Strategies In this chapter, marketing strategies are proposed based on a thorough analysis of opportunities and threats, strengths and weaknesses, and the market for the proposed product/service. Strategies must collectively be able to achieve all marketing objectives. A. Product/Service Product or service should be fully explained. Indicate any innovations you plan to implement in your product or service; e.g. a change in packaging label, supplements on your service offering, etc. Identify the value proposition or unique selling proposition of the product/service. 1. Target Market Describe in detail the target market of the product/service. Use as many or a few segmentation variables as necessary to outline the target market’s geographic, demographic, and psychographic profile. Quantify the size of your target market. If you plan to expand, contract, or totally change your brands present target markets, indicate the changes and justify it convincingly. 2. Brand positioning 11 State the current positioning of the brand/service. Fully explain if you think it is relevant for use. If revision is needed, state the proposed alternative brand positioning. Fully justify the proposed brand positioning and explain convincingly why it is more appropriate than the current one. Remember that positioning of your proposed product/service must be unique, beneficial and credible, and must revolve around a product or a service attribute that is relevant to your target market. B. Pricing strategy Based on the marketing objective formulated, decide on a general pricing strategy for the brand. It is possible to implement general pricing strategies for a brand during an operating year. For example, a brand may have a general strategy of going-rate-pricing but implement promotional pricing during the last quarter of the year. C. Distribution Strategy Review the brands current distribution strategy to determine if it is still applicable for the marketing plan’s implementing period. When adjustments or modification are required, give recommendations as to how the selected brand can be distributed more efficiently. D. Advertising and Promotional Strategy In this section, propose your advertising and promotion strategy. Based on the advertising and promotional objectives and target audience profile, decide on the message, creative style, vehicles, media you will utilize. Provide details of media and promotional plan, including locations for advertising placements, their frequency and approximate cost. Also indicate the mechanics of the trade and consumer promotions. If any, their corresponding costs. Select media carefully, giving consideration on cost effectiveness. X. Tactical Implementation Develop tactics for each strategy. Some strategies may only require a little a two tactical plan, while others may need to be supported by five or more tactics. In essence, there is no precise number of tactics per strategy. There should be as many tactics as necessary to ensure the success of the strategy, but no additional tactics may be proposed if it does not contribute to successful strategy implementation. 12 Write a brief discussion of the operating details of each tactic including the timetable as to when each will be implemented. An example of this is provided below: Marketing strategy / Tactical strategy: Market development Tactics Establish a warehouse in Cebu Operating Details To accommodate store merchandise to support Cebu retail operations Time Table September 2021 Hire and train Cebu store personnel Hiring must be localized and extensive training undertaken to maximize customer service September 2021 Open a retail outlet in Cebu This is to take advantage of the growing market in the Visayas October 2021 XI. Marketing Budget In this chapter, indicate the total cost involved in the implementation of the proposed marketing plan. Only third party expenditures are to be included in the marketing budget. Capital expenditures like retail outlet construction expenses and the purchase of packaging, machinery, are excluded from the marketing budget. An example below: Marketing Budget 2021 Advertising expenses, which include the ff: Television Radio Newspaper Leaflets ₱ 10, 600, 000.00 7, 500, 000.00 1, 870, 000.00 1, 230, 000.00 25, 000.00 Point-of-purchase materials 220, 000.00 Sales promotions 650, 000.00 ₱ 11, 495, 000.00 Total 13 XII. Feedback and Control The purpose of this section is to ensure that each of the tactics is carried out as planned. There should be feedback and control write up for each of your tactics. In paragraph for discuss individual tactic benchmark or milestone to indicate that the tactics is implemented according to plan. Corrective measures that can be taken to ensure adherence to plan must be developed; e.g. reporting procedures and forms, coordination among parties and accountabilities. An example is shown below: Action Plan: Hire and Train Cebu Store Personnel Timetable: September 2021 By the end of August 2021, personnel required for all position in the Cebu store should already have been screened and prequalified. If this deadline will not be met, the company should contact a local employment office to fill in missing positions. At the latest, this should be completed by September 10, 2021. Training should commence immediately on September 12 to be completed by September 28, 2021. At this point, the company should subject all who have completed the necessary training to standard performance appraisal to determine which trainees will be hired. By September 30, 2021 the trainee should be informed of their hiring status. If there are no qualified trainees for specific critical positions such as Assistant Store Manager and Store Inventory Supervisor, qualified employees from Manila stores shall be flown in to temporarily occupy these positions. Continuous recruitment, prequalification and training for unfilled Cebu store positions shall continue by October 2021, however all vacant position should be filled. XIII. Financial Projections At the point, present the financial viability of your proposed marketing plan. The latest available income statement of your company can be used. Note: For sample marketing plan. . .you may visit this site: https://www.disruptiveadvertising.com/marketing/marketing-plan-sample/ 14 ’s More Task 4 Direction: Answer the following questions in your activity notebook. 1. How important is marketing plan in business? 2. If one of the essential components in the marketing plan, ( i.e Feedback and Control ) is missed/disregarded, what do you think will happen to the marketing plan? Why? Answer the task guided by these rubrics: 4-5 points Response to the question is well organized and clearly written; there is evidence of planning before writing" 2-3 points Does not address the question clearly. 0-1 point Does not address the problem. I Have Learned Task 5 Direction: Fill in the missing component or element in the outline given in preparing a mini marketing plan. 1. Complete the mini marketing outline and briefly describe each I. ______________________ II. Background of the Study a. Brief history of the company b. ______________________ c. Products service offerings III. Macro environmental analysis a. Economic b. Politico-legal c. _______________________ d. Demographic e. Technological f. Natural V. Micro-environmental analysis a. The company b. Suppliers c. Marketing intermediaries 15 d. ___________________________ e. Competition f. Publics VI. ______________________________ VII. The market a. Market size b. Market needs c. Market trends VIII. Marketing objectives IX. ___________________________________ a. Product/service strategy 1. Target market 2. _______________ b. Pricing strategy c. Distribution strategy d. Advertising and promotion strategy X. Tactical implementation XI. _____________________________________ XII. Feedback and control XIII. _____________________________________ I Can Do Task 6 - Mini-marketing plan You are required to submit a mini-marketing plan based on the format given above. The mini marketing plan will be graded based on the rubrics presented below: You can choose your own product and services you want to create as your basis in making your mini-marketing plan by including the following: Name of your Company: Product/services offered: Product description: Location of business: 16 Rubrics Level of Achievement Excellent (3 points) Satisfactory (2 pts) Unacceptable (1 pt) Introduction The introduction clearly and concisely introduces the purpose of the marketing plan The introduction is somewhat unclear and/or not concise in stating the purpose of the marketing plan There is no introduction that states the purpose of the marketing plan Company analysis Information about the company or organization is thoroughly and clearly reported, including such things as the type of product or service, employees company history, previous and current marketing efforts, current knowledge of customer and competitors etc. Information about the company or organization is, for the most part, thoroughly and clearly reported. But some information that may be critical to the marketing plan is missing Company or organization is provided but there is a great deal of potential important information missing. Market definition, Potential, Demand A visual depiction Either the visual and verbal depiction or verbal description of the description of the market definition is market definition is provided missing. Both maybe that is reasonable and provided but not clear based on the company or reasonable. One of or organization. the Reasonable estimates stimates/calculations or for market potential calculations of market market demand and potential, market company demand are demand and company missing or clearly demand miscalculated. are provided and clearly stated. A thorough SWOT SWOT analysis is analysis is provided, provided, but there based on preceding are some missing analysis. Reasoning points from preceding for each item in the analysis. Reasoning SWOT is provided for each item is not and logical. Strengths always thoroughly There is no visual depiction of the market definition. More than one estimate/calculation of arket potential, market demand and company demand are missing or clearly miscalculated Criteria SWOT Analysis 17 SWOT analysis is provided but there are more than six missing points from preceding analysis. and weaknesses are clearly internal factors, while opportunities and threats are clearly external factor provided and/or logical. One or two strengths/weaknesses are external, or one/two opportunities/threats are internal There is no reasonable points provided for the items. More than two strengths/weaknesses or opportunities/threats are inappropriate. Marketing The marketing Linkage of marketing Marketing goals and objectives and objectives and goals objectives and goals objectives are missing goals are clearly related to to or those that are the company/organization identified are not company/organization mission is not clearly quantified or are mission. Objectives stated. Some of the inappropriate and goals are clearly objectives and goal stated are unclear and/or not and appropriately appropriately quantified. quantified. Marketing The marketing Marketing strategy is The marketing Strategy direction that will identified but is strategy is frame marketing unclear or unspecific missing or is illogical tactics of the in some aspects. The given the marketing marketing plan is marketing strategy is objectives and goals. clearly and logically linked to the specifically stated in marketing objectives 3-5 sentences. The and goals marketing strategy is logically link to the marketing objectives. Implementation A thorough and An implementation An implementation and control specific plan is identified, but plan is Implementation plan one to two tactics are identified, but more is clearly identified not addressed. than for every Specifically of some two tactics are not tactic; the plan components of the addressed, and the identifies who is plan could be plan responsible for improved. The generally lacks implementing the company will be able specificity. tactic, when it should to use the plan to Because of missing be implement the information, the plan implemented, the marketing plan, but will cost measurement maybe confused not help the of effectiveness, and about some aspects company/organization any other relevant because of missing implement the information information marketing plan Conclusion A brief summary that A summary of There is no identifies the expected outcome is conclusion. expected outcomes provided but lacks 18 Writing styles Grammar spelling and formatting with successful implementation of the marketing plan is clearly presented in short paragraph The plan has writing style that is uniform throughout the paper and appropriate for this type of written project. There is no indication that the paper involved multiple authors. The plan has been thoroughly spell checked and Proofread. There are no to almost none grammatical errors. There are no formatting errors clarity. lacks uniformity at times and is not always appropriate for a marketing plan. There is some indication of multiple authors (different fonts, different paper etc) There are few spelling and/or grammatical errors. There are one to three grammatical errors. The plan is clearly the works of multiple authors with different writing styles, margins, printer fonts, paper types There are frequent misspelled words, serious grammatical errors, and formatting errors, indicating that time was not taken to spellcheck and proofread. Grade Equivalence Criteria Points Introduction Company analysis Market Definition, potential and demand SWOT analysis Marketing objectives and goals Marketing strategy Implementation and control Conclusion Points Grade Equivalent (30 points = 100%) Points earned Description 25-30 19-24 13-18 7-12 proficient 1-6 Writing styles Grammar Spelling and formatting 19 % 94-100 88-93 82-87 76-81 Outstanding Exemplary Proficient Partially 70-75 Incomplete Task 7 Directions: Identify what is asked in each item. Choices are found inside the box. Write only the letter of the correct answer in your notebook/answer sheet. A. Executive Summary B. Study Background C. Macro-environmental analysis D. Opportunities and Threats E. Micro-environmental analysis F. The market G. Marketing objectives H. Tactical implementation I. Marketing Budget J. Financial projections 1. K. Topic Presents vital information contained in the marketing plan such as its marketing objectives, strategy recommendations, marketing budget, projected sales, and profitability. 2. Contains brief history of the company, mission and vision and product/service offerings 3. Component of a marketing plan that makes an assessment on each of the company’s macro-environments. 4. Part of the marketing plan that enumerates identified opportunities and threats from the macro-environment analysis. 5. A component of a marketing plan that talks about company, supplier, marketing intermediaries, customers, competitions and public. 6. It has market size, market trends and market needs. 7. Portion of a marketing plan that may include brand awareness target and sales revenue objectives. They must be specific, measurable, attainable, realistic and time-bounded. 8. A component of a marketing plan that develops tactics for each strategy. Some strategies may only require a little a two tactical plan, while others may need to be supported by five or more tactics. 9. On this part of the marketing plan, indicates the total cost involved in the implementation of the proposed marketing plan. 10. At this point, financial viability of the proposed marketing plan is presented. 20 Reflection Complete the following statements. Write your statements in your activity notebook/ answer sheet. 1. 2. 3. As a student, I have learned that ____________________________________________. As a student, it is very important for us to learn that_____________________________. Using the knowledge I have learned in this lesson, I will be able to_____________________________________________________________________. 21 1. B Assessment/TASK 7 6. A 10. I 5. G 9. E 4. C 8. H 3. J 7. F 2. D What I can do/Task 6 Answers may vary (with attached rubrics) What I have learned/TASK 5 I. B. C. IV. D. VI. IX. 2. XI. XIII. What’s New/Task 4 Answers may vary (with attached rubrics) 22 Executive Summary Mission and Vision Socio-cultural Opportunities and Threats Customers Strengths and Weaknesses Marketing Strategies Brand Positioning Marketing Budget Financial Projection What’s New/Task 3 1. The company- Micro-Environment 2. Economic - Macro-environment 3. Supplier - Micro-environment 4. Politico-legal - Macro-environment 5. Marketing intermediaries-Micro-environment 6. Socio-cultural - Macro-environment 7. Customers - Micro-environment 8. Demographic- Macro-environment 9. Competition - Micro-environment 10. Technological - Macro-environment 11. Publics - Micro-environment What’s New/Task 2 -Identifying target customers -Roadmap -Create repeat customers -Communication Intervention -Document/blue print -Business activities -accomplishing specific marketing objectives within a set time frame What I Know/Task 1 9. D 4. I 8. C 3. H 7. B 2. G 6. A 1. E 5. J 10. E Glossary Marketing Plan - is an operational document that outlines an advertising strategy that an organization will implement to generate leads and reach its target market. Micro-Environment - refers to the environment comprising of all the actors of an organization's immediate environment which influences the performance of the company, as they have a direct bearing on the firm's regular business operations. Macro-Environment - is the set of external factors and forces, not controlled by the company, that influence its development. It mainly includes demographic, economic, cultural, technological, legal or political elements. SWOT - stands for Strengths, Weaknesses, Opportunities, and Threats SWOT Analysis - is a technique for assessing these four aspects of your business. You can use SWOT Analysis to make the most of what you've got, to your organization's best advantage. Target market - is the set of consumers that a company plans to sell to or reach with marketing activities Market size - is made up of the total number of potential buyers of a product or service within a given market 23 References Book Ilano, A.B. (2016). Principles of Marketing. Rex Book Store: 856 Nicanor Reyes, Sr. St. Online sources Anonymous (2020). Part 1: Ultimate Marketing Strategy Template [Updated] – The Executive Summary. Lion Spirit Media. Retrieved from: https://lionspiritmedia.co.uk/ultimate-marketing-strategy-template-executivesummary/#:~:text=The%20executive%20summary%20is%20the,marketing%20goals%20and %20marketing%20activities. [Accessed on April 28, 2021] Anonymous (n.d.). Marketing Plan. Entrepreneur Asia Pacific. Retrieved from: https://www.entrepreneur.com/encyclopedia/marketingplan#:~:text=Definition%3A%20The%20written%20document%20that,to%20reach%20your %20marketing%20goals. [Accessed on March 15, 2021] “Marketing Plan Template”, Wyoming SBDC Network, accessed March 15, 2021, https://www.sba.gov/sites/default/files/201912/Sample_Marketing_Plan_Template.pdf Tanner, A. (n.d.) What is Market Trend Analysis: Definition & Examples. Study.com, Retrieved from: https://study.com/academy/lesson/what-is-market-analysis-definitionexamples.html. [Accessed March 16, 2021] 24 25