This document provides a comprehensive guide on creating a marketing plan. It covers topics such as marketing management, SWOT analysis, SMART objectives, and the marketing strategy of Chick-fil-A. The document also includes a competitive analysis and insights into the 7Ps of marketing mix.
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Creation of a Marketing Plan
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Audit of the marketing environment in the organisation.............................................................3 Macro analysis.............................................................................................................................3 Micro Analysis.............................................................................................................................6 SMART objectives.......................................................................................................................7 STP..............................................................................................................................................8 Competitive analysis....................................................................................................................8 Marketing strategy.......................................................................................................................9 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................10
INTRODUCTION Marketing management refers to the implementation of the policies, programmes and strategies of the marketing with the proper planning, organising, controlling which fulfil the needs and wants of the customer. For the success and the growth of the organisation marketing plays an important role. It is the effective process which is used by the company to determine the interest of the customer for the product and services and what strategy they apply in the communication, sales and the development of the business. This repost explains the marketing strategy of theChick-fil-A which is the largest chain of the fast food restaurants in the America. It is famous for their chicken sandwiches. The headquarter of the Chick-fil-A is at the Georgia, US. This file includes the audit of the marketing environment which is both micro and macro in the organisation. There are justification of the objectives of the business of the Chick-fil-A which is SMART. For the identification of the position of the company in the market the company uses the strategy of segmentation, targeting and positioning. There is the analysis of the competitors which helps to evaluate how the business will stand in the competition. This report have the strategy of the marketing mix. MAIN BODY Audit of the marketing environment in the organisation. In the business of theChick-fil-A the audit is calculated by the help of the SWOT analysis and PESTLE analysis which determine the micro and the macro environment. These models are discussed below: Macro analysis PESTLE analysis:
It is the effective strategy of the marketing which helps to identify the macro environment of the business.Chick-fil-A uses this analysis in their business to determine the factors such as political,legal,economical,social,environmentalandtechnologicalhowtheyaffectthe organisation. Political: The laws and the regulations of the government influence the business operations of the Chick-fil-A. The political factors affect the long term sustainability of the business and their cost of the products and services are also affected (Lee and et.al., 2018). These activities of the business are influenced by the political stability, interference of the government, corruption, policy of the tax. Positive:It gives the advantages to the business in the situation of the maintained political stability of the country. Negative:Chick-fil-A wants to enter the global market but the problem of the terrorist attacks in some countries affected their efforts to enter the new market. Economic: Fluctuation in the exchange rates, unemployment rates and changes in the disposable income of the customer affects the smooth functioning of the business of the Chick-fil-A(Jarach, 2017). When the rates of the inflation it will affect the operation in the negative way. Positive:Increases in the disposable income of the customer so it will creates the chances for the Chick-fil-A to expand their market share at the international level. By giving the opportunities of the employment top people it will increase the reputation and image of the brand in the people. Negative:The demand of the products and the services of the Chick-fil-A affects by the increase in rates of the inflation. Due to increases in the rates of the inflation increases they have to increases the prices of the goods and the services and this will decreases the loyalty of the company. Social: There is the continuous changes in the social culture and lifestyle of the people. The focus of the Chick-fil-A is to provide the delicious and the yummy food to the people to achieve the goals and the objectives of the business(Baker, 2016). When there are the changes in the
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rates of the growth , factors of the age and many more reasons affects the Chick-fil-A positively and negatively. Positive:When there are increases in the social concerns in the society is increase the benefits for theChick-fil-A. Negative:Changes in the society will enhance their business to make the change in the activities as per the changes in the society. Technological:for the development of the products and services technology affects the business because by using the new and the advanced technology in the business which improve the working of the employees and fulfils the demands of the customer(Buhalis and Foerste, 2015). But this technology changes at the increasing rates. Positive:By investing in the new and the advanced technology it will increase the efficiency of the products of the Chick-fil-A that they provide the healthy and the nutritious food to the customer. These technology gives lots benefits to the healthy in the restaurants of the Chick-fil-A. Negative:The cost of the new technology is very high it creates the problem for the Chick-fil-A in the purchase when the technology changes. Legal: The legal factor affects the activities of the company in the market place. The situation to enter in the market, laws and regulation in the market etc. In the Chick-fil-A they have to operates their business operation as per the legal laws and legislation otherwise have to face lots of problems. Positive:All the functions of the Chick-fil-A will as per the laws and legislation they does not uses the illegal method for the production of the food according to the health and safety of the customer, laws of the customer. Negative:For the entering in the international market Chick-fil-A have to understand the laws of the targeted market first and then to start their business. Environmental: Changes in the climate and the ecosystem influence the business conditions because it changes the behaviours of the customer and suppliers as well.Chick-fil-A operates their activities without harming the nature and environment.
Positive:The business protects the environments with the help of the recycle policies used in theChick-fil-A. Negative:Changes in the climates creates the problem in the supply chain of theChick- fil-A. Micro Analysis Porter's five forces: This analysis will determine the environment of the business in the high competition. It is the effective strategy to decreases the risk of the organisation from the loses of the competition makes the business profitable in the long run. Competitive rivalry:Chick-fil-A faces the high competition with the other companies in the business of the chicken sandwiches. Threats of the new entrants:for entering the new markets there are lost barriers in the food industry but there is very minimum loses from the new entrants for the Chick-fil-A. Threats of the substitutes products:There are very high threats for the substitutes of the products because there are variety of the delicious foods in the markets so the customer will easily moves top the other food dishes (Husted, Allen and Kock, 2015). Bargaining power of the suppliers:The power of the suppliers of the Chick-fil-A is relatively low in the business of the fast food. Bargaining power of the customer:the customer have the powerful power of the bargaining in the Chick-fil-A because customer switch to other products if they cannot afford the prices of the products and services. SWOT analysis: Strength:The strength of the Chick-fil-A is they provide the best services to their customer ans it is the reason for their success of the business. There are the good and effective quality of the foods than other restaurants of the US. In the business of theChick-fil-A the employees get the payment which is larger than the average of the industries. For the career and the future growth of the employees they provide lots of opportunities to their employees this will motivates them towards the goals and objectives. Weakness:Chick-fil-A does not run their business in the international market they only done their business in the USA so according to the level of the competition it is not very much popular. The cost of the fast food is very high in the Chick-fil-A so it is not popular in the middle
and the lower income group people. Innovation is n the business of the sat food companies creates problems they have make the innovation not only in the menu card but also in the marketing and supply chain(Luca, Hibbert and McDonald, 2016). The business of the Chick-fil- A is not in the international market so it increases the problem and reduces the profits. Opportunities:They can expand their business at the international level it will increase the image of the brand and profits of the business. By expanding the menu Chick-fil-A leads to the successful business operations in the different conditions of the markets. With the help of the advertisement and the marketing the products it will increase the sales and the productivity of the business. Threat:There is the rapid increases in the cots of the raw material which is the threat for the business of the Chick-fil-A. Increasing competition creates various problem for the business of the Chick-fil-A to achieve the success in the market. The customer base was reducing due to diseases like bird flu in the country. SMART objectives In the marketing plan objectives are set for the proper achievement of the gaols and the objectives in the markets of the UK . These SMART objectives are explained below: Smart:The main focus of theChick-fil-A is to increase the base of the people of the America by proving the better services and the tasty foods to them (Pandey and Misra, 2016). The second objectives of the business to increases the share of the market which leads to increases the profits. Measurable:By promoting the products through the advertisements on the social media such Facebook, Instagram and on the official websites of the Chick-fil-A they receive the comments and the feedback which helps to measure the qualitative objectives of the business (Hamill, 2019). If the company increases the sales with the 25% it can measure their quantitative objectives. Rarity:To achieve the success in the markets of the America it is necessary to measure the increasing awareness of the customer. When the share of the market it increases it will determine the growth of the business in the UK. so these objectives are relevant for the successful operations of the business in the new markets. Time bound:These two objectives of theChick-fil-A can be achieved in the time period of the 1 years.
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STP Segmentation:Company segments the markets of the UK as per the interest of the people for the fast food (Suyanto, 2019). They identify the needs and wants of the people of the America and segments the markets as per their needs. Targeting:Chick-fil-Astarttheirresearchaboutthesegmentedmarketsandthe customer to evaluate the values in the segments of the markets. Positioning:In this stage business position their products in the targeted market to gain the market share and increases the sales of the business in the new market of the UK. Competitive analysis Chick-fil-A is the famous fast food restaurants and chicken sandwiches are the famous in the customer. The nature and scope is to provide the delicious and the healthy food to their customer. To increases the share of the market in the future and the present to gain the success and the growth of the business. The competitors of the Chick-fil-A in the UK are KFC and MacDonald. The KFC and the MacDonald provide the(Kiráľová and Pavlíčeka, 2015). The customers of the Chick-fil-A are those people who love to eat fast food, and they expected from them to fulfil their needs and wants by providing them delicious food services. The essential strength of the Chick-fil-A is there presence on the online orders and deliver is very good. Chicken dishes are there main strength of the business so that the competitor like the business of the MacDonald and the KFC in the UK do not compete with the chicken sandwiches because they do not produce the chicken sandwiches in their business. Customer get attracted towards the services of the so that the sales increases with the effective services in the restaurants. Advantages of the competitive: The competitive advantages refer to the situations of the business which enhance the company for the products of the products and services which gives the equal value in the low prices. This situation allows the Chick-fil-A to increase the sales of the fast food products in the markets. They attract the number of the customer by maintain the prices of the products to increases the sales in the new market of the UK (Doherty, Smith and Parker, 2015). They start promoting their products in the UK to make the aware the people about their products.
Marketing strategy The strategy of the marketing mix in the Chick-fil-A gives the way to the successful operation of the business. These 7Ps of marketing helps to determine the performance of the business in the different situation of the market. Product:They lunched the new products in the market of the UK to increase the share of the market. To attract the customer they offer the healthy and delicious variety of the food to their customers (Pham and et.al., 2019.). The people are very conscious about their health, so they focused to provide the hygienic and the healthy food to gain the large share of the market in the UK. Price:They target the young people of the country, so they make the reasonable prices of their fast food products which is affordable for the low and the medium income people of the UK. The customer will attract only if they can afford the prices of the products. Place:They make the products visible to the public of the UK, so they set their location of the restaurants in the public places like malls and streets to attract the customer of the UK for the increase in the success and growth in the markets (West, Ford and Ibrahim, 2015). They cover the large area of the market in the UK with opening their restaurants. Promotion:For the promotion of their goods and services they start the marketing and advertising on the TV, social media, newspaper. They appoint the new employees in their business for the purpose of the marketing to promote their fast food. People:They target the youth of the America whose income level is very high and they invest more in the fast food. The working people who have very less time for cooking the food are the main targeted customer. Process:The business of the organises the training programmes for the employees to achieving the success and the growth of the business. Physical evidence:Chick-fil-A provides the best services to the customer in their restaurants by their waiter and the employees (Kotler, and et.al., 2015). They treat the customer in the most effective and the efficient manner which gain the share of the customer of the America. CONCLUSION From the above study it can be concluded that the management of the marketing is the effective policies and the procedure to reach the growth of the organisation. Marketing plan
helps to determine the current positions of the business in the competitive markets. It is the report which explains the strategy of the marketing in the organisation which determine the objectives and the goals. REFERENCES Books and Journals: Baker, M.J., 2016. What is marketing?. InThe Marketing Book(pp. 25-42). Routledge. Buhalis, D. and Foerste, M., 2015. SoCoMo marketing for travel and tourism: Empowering co- creation of value.Journal of Destination Marketing & Management.4(3). pp.151-161. Doherty, B., Smith, A. and Parker, S., 2015. Fair Trade market creation and marketing in the Global South.Geoforum.67.pp.158-171. Hamill, J., 2019. From the President: Donate to maintain and expand the new SOF Public Relations and Marketing Campaign!.Shakespeare Oxford Newsletter.55(1). pp.2-4. Husted, B. W., Allen, D.B. and Kock, N., 2015. Value creation through social strategy.Business & Society.54(2). pp.147-186. Jarach, D., 2017.Airport marketing: Strategies to cope with the new millennium environment. Routledge. Kiráľová, A. and Pavlíčeka, A., 2015. Development of social media strategies in tourism destination.Procedia-Social and Behavioral Sciences.175.pp.358-366. Kotler, P., and et.al., 2015.Marketing. Pearson Higher Education AU. Lee, B. S and et.al., 2018. Analysis of rate-limiting factors in thick electrodes for electric vehicle applications.Journal of The Electrochemical Society.165(3). pp.A525-A533. Luca, N. R., Hibbert, S. and McDonald, R., 2016. Midstream value creation in social marketing. Journal of Marketing Management.32(11-12). pp.1145-1173. Pandey,R.K.andMisra,M.,2016,December.Cybersecuritythreats—Smartgrid infrastructure. In2016 National Power Systems Conference (NPSC).(pp. 1-6). IEEE. Pham, H. C and et.al., 2019. Enhancing cyber security behavior: an internal social marketing approach.Information & Computer Security. Suyanto,A.M.A.,2019.AnalisisSegmentation,Targeting,DanPositioning(stp) Transmart.eProceedings of Management.6(2). West,D.C.,Ford,J.andIbrahim,E.,2015.Strategicmarketing:creatingcompetitive advantage. Oxford University Press, USA.