Marketing Essentials - Developing a Marketing Plan for Cadbury
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This presentation focuses on developing a marketing plan for Cadbury, a well-known confectionery brand. It covers steps such as situational analysis, segmenting, targeting, positioning, and budgeting. The presentation also emphasizes the importance of marketing in business growth and vitality.
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Marketing Essentials TASK 4
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CONTENT •INTRODUCTION •Marketing plan of the company •CONCLUSION •REFERENCES
INTRODUCTION Marketing is an eminent key factor that lies business success. Within organisation, most of the aspects of an organisation is depended upon effective marketing activities. It covers advertising, promotion, sales and public relations. The presentation will be defined marketing plan of Cadbury.
Develop a basic marketing plan Marketing planning consists optimum allocation of resources in the best economical way. It gives direction to management what activities are going to be done. It also involves different policies, tasks, programmes and budgets.
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Steps of marketing plan •Introduction of the company •Vision and mission of the company •Situational analysis •Segmenting, targeting and positioning •Prepare a marketing budget •Develop a marketing mix •Monitoring and execution of the plan
Continue.. Introduction of the company -Cadbury is one of the well-known or famous brand and confectionery firm. Basically, it deals in food items, like- chocolates, drinking beverages, cookies etc. The company is produced products for all types of customers. Vision and mission of the company- The vision statement of the company is “working together to build up brand that people love”.
Continue... Situational analysis –It is done through SWOT and PEST analysis so as to examine all internal and external factors of the firm. Segmenting, targeting and positioning– The STP aids a firm to classified the market into various area or segments. Marketing segmentation is based on three factors, such as- geographical, psycho graphic and demographic areas
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Marketing budget of Cadbury ParticularsAmount Initial money15000 Investment14200 Total29200 Marketing expenditures Advertisement5000 sales promotion2000 Direct marketing3000 Total10000 Available balance19200
Continue.. Developamarketingmix–Inordertodeliverandperform effectively in target market. Prepare an effective marketing strategy. Monitoring and execution of the plan – After deciding all elements, managers are executed the plan within overall organisationby consulting employees.
CONCLUSION As per the above discussion, it has been concluded that marketing plays an eminent role in growth and vitality of every business entity. It helps management to get aware about current market trendsandcustomers'demandsoastosatisfytheminan effective manner.
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REFERENCES Rollins,M.,Nickell,D.andEnnis,J.,2014.Theimpactofeconomic downturns on marketing.Journal of Business Research. 67(1). pp.2727- 2731. Tariq, A., 2013. The effect of market uncertainty and strategic feedback systems on emergent marketing strategies & performance in Pakistan. International review of management and business research. 2(3). p.713. Wirtz, J., 2012.Essentials of services marketing. FT Press.