Table of Content •Introduction •Marketing Plan for a business industry •Conclusion •References
Introduction Marketing is an activity used by the organisations to promote their products and services. It is a process of communicating, offering and delivering the products and services to its customer’s and society as well. Marketing is basically fulfilling the needs and wants of the customer through an exchange process.
Marketing plan Marketing plan is a blue print that covers the strategies and tactics of an organisation. It determines the present marketing position of the organisations and provide a detailed description of the target market and their needs.
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Cont.. Overview: Itis an American multinational beverage company that has 100200n associates worldwide. Vision: The vision of Coca Cola is “ To bring the universe a portfolio of quality beverage brand that fulfils peoples needs and desires. ” Mission: Its mission is“ To retrieve the world in mind, body and spirit.
Cont.. Objectives : It can be defined as a result that an organisation or people want to achieve on time with the available resources or it is a set of goals towards which companies execute and perform its functions. Coca Cola is launching new product in order to achieve objectives which are:
Cont.. STP Model: This model is used to develop strategies and to carry on marketing functions more effectively and efficiently. STP model is divided into threecategoriesthatissegmentation,targetingandpositioning which helps Coca Cola to develop an effective marketing strategy.
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Cont.. SWOT Analysis : This model is used by companies in order to analyse its internal and externalfactorsthathelpstoachieveorganisationalobjective. Internal factors include strength and weakness and external factors includethreatsandopportunitiesthatimpactsthefunctionsof organisation. Coca Cola apply this method to analyse its strengths, weakness, opportunities and threats which is discussed below:
Conclusion With the help of above mentioned report, it has been identified that marketing place very essential role in order to attract and promote goods and services in an effective manner. It is very important for a marketing manager to examine the needs and requirements of their customers before developing goods and services.