This presentation provides an overview of the marketing plan of Wilkinson, a retail company that offers pet food, kitchen appliances, bathroom products, electronic products, and grocery items.
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Marketing Essentials Marketing Plan of Wilkinson
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Table of Content •Introduction •Marketing plan •Executive summary •Company overview •Situational analysis •SWOT Analysis •Objectives •STP •Marketing mix •Final analysis
Introduction Themarketingplanensurestooperateandgenerate activitieswhichhelpinachievingtargetgoalsand objectives. The marketing plan helps to identify current position of an organisation. Thispresentationwillstateaboutthemarketingof Wilkinson.
Marketing plan •Marketing plan is the process in which company develop various marketing plans for achieving target goals and objectives. •It helps to attracts more customers towards their products or services. •
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Executive summary Wilkinsonanalysethemarketingplan,itsvisionand mission, goals or objectives of an organisation. Summary means to collect or gather all necessary information which are related to the segmenting themarket areas and its customers in an effective manner.
Company Overview Inthecompanyoverview,theinformationwhichare necessary to know such are location, area, phone number, email id etc. There are some data which helps to attracts more customers with their companyprofile. Wilkinson is the largest retail company that provides pet food, kitchen appliances,bathroomproducts,electronicproductsand grocery items.
Situational Analysis The company has to analyse their internal and external environmentwhichisoperatedandmanagedbytheir managers. It helps to increase its sale and earn high level of profit that attracts large number of customers towards their products. It is important to analyse the internal and external factors to evaluate customers needs or wants.
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SWOT Analysis The swot analysis help to identify organisational strength, weakness, opportunities and threats which are internal sources. Strength Produce innovative products Provide reasonable rate Weakness They have technical issues Poor technical skill Opportunities Explore the market Deals in online market Threats Entry of competitors Changes in external environment
Objectives •There are some goals and target which help to achieve organisational objectives in such way they are corporate and marketing objectives. •In corporate objectives, the company improves its level of effectiveness and efficiency and understand the customers demand. •In marketing objectives, the company need to increase its share by 2% and improved efficiency.
Segmentation, Targeting and Positioning Segmentation-Companyneedtoidentifymarket segmentation which provides separate location in which sellercanattractsitsbuyerstowardstheirproductsor services. Target- The company main target is to provides best quality goods or services which help to fulfil the needs and wants. It need to build product image in the mind of customers. Positioning-Companyhastopositionitsproductsin positive manner so people are attracted towards them.
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Marketing mix •Marketing mix is a process which is used by organisation for controlling various factors that are required to achieve its goals. •This also assist in gaining consumer attention towards organisation products.
Marketing strategies and Evaluation Wilkinson focused on their quality products which help to analyse the people in different sectors and segment every person in their income standard. An organisation has prepare its budgets which evaluate each activity and function in an effective manner. It totally based on revenue and income data of company. An enterprise need to achieves its goals and objectives that help to managed or controlled each and every activities of marketing and also develop new strategies.
Final analysis •There are some advantages and disadvantages which target the goals and objectives in an effective and efficient manner. •Company required promotion which boost the reputation and status of the Wilkinson company.
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References Smith, D. A., 2011. Strategic marketing of library resources and services.College & Undergraduate Libraries. 18(4). pp.333- 349. Webster,F.E.andLusch,R.F.,2013.Elevatingmarketing: marketing is dead! Long livemarketing!.Journal of the Academy of Marketing Science.41(4). pp.389-399. Wei, M., 2010. Construction of marketing management information systemoftravelagencybasedoncustomerrelationship management. InAdvanced Materials Research(Vol. 136. pp. 69-76). Trans Tech Publications.