Fundamentals of Marketing MKTG 300 University of San Diego Spring 2008 Marketing plan Teams of 4-5 students are required to prepare a marketing plan – for internal audience purposes (to direct the firm) for a new project/product/company of their choice. Each team will submit a project proposal/outline for instructor’s approval. The plan should include concepts learned in class as well as the following (details on page 44 in Marketing, The Core): 1. 2. 3. 4. 5. 6. 7. Executive summary Situation analysis Market-product focus Marketing program strategy & tactics Implementation plan Evaluation & control Appendix: details on other topics Marketing plan grade will be based on the following: 1. Written marketing plan – refer to syllabus for deadlin . As mentioned in syllabus, marketing plans not delivered on time will receive a 20% deduction of the grade. . 2. 15 minute oral presentation of the plan 3. Team peer evaluation The written marketing plan The number of pages is to be approximately 14-20 (excluding the Appendix), double spaced, and the font size to be 10-12. Executive summary (1 page) A summary (also considered an “Introduction”) that “sells” the plan to its readers through clarity and brevity. Situation analysis (1-2 pages) A snapshot of “where are we now and where are we heading”. Also, included are the following: SWOT Analysis, Industry Analysis, Competitors, Company Analysis, and Customer Analysis. Refer to Chapters 2-8 Market-Product Focus (2-3 pages) List the Marketing and Product Objectives here. Also, describe the following: Target Market(s), Points of Difference, and Positioning Strategy. Refer to Chapters 9-10 Marketing program (3-4 pages) List and describe the following marketing mix (4 Ps) elements: Product, Price, Place, Promotion Strategies. Develop the budget by estimating revenues, expenses, and profits. Refer to Chapters 10-18 Implementation (1 page) Insert a schedule (i.e. Plan of Action) on how you will roll out or launch the marketing actions mentioned in the Marketing Program section of the plan. Evaluation and Control ( ½ to 1 page) In this section, describe the contingency plan and what actions to take if you do not meet the objectives stated in your plan. Oral presentation A 15 - 20 minute presentation highlighting the important points in marketing plan that would include the following: 1) 2) 3) 4) 5) Introduction/Executive summary (1 minute) Situation analysis (2 minutes) Market product focus (2- 3 minutes) Marketing program (5 - 8 minutes) Conclusion – Q & A (2 - 3 minutes) Refer to grading rubric for oral presenations Grading criteria 1. 2. 3. 4. 5. Analysis of the subject and creative thought Organization of ideas Clarity of presentation Spelling, grammar, and punctuation The paper is correctly formatted (e.g., margins, headings, headers, citations, references) 6. Refer to grading rubric, under APA guidelines For additional information, please refer to pages 44-57, Appendix A “Creating an Effective Marketing Plan”. Note: Please try to be creative as you can in order to support your plan. Visuals and/or other types of media (i.e. PowerPoint) are strongly recommended.