Developing Marketing Plan for P-Cubed Plastic Pollution Preventers App
Verified
Added on 2023/04/21
|24
|5695
|262
AI Summary
This report presents a marketing plan for P-Cubed Plastic Pollution Preventers App, including an evaluation of marketing strategies and tactics. It discusses the use of segmentation, targeting, and positioning to influence customers and increase market share.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
MARKETING MANAGEMENT2 Executive Summary The main aim of this report is to develop marketing plan for P-Cubed Plastic Pollution Preventers App. This report evaluated that marketing segmentation; targeting and positioning could be used by P-Cubed app to influence the customers. It is also assessed that different marketing strategies could be used by P-Cubed Plastic Pollution Preventers App to increase the market share of company. It is also determined that different marketing tactics could be used by P-Cubed Plastic Pollution Preventers App such as product, price, distribution and promotion strategies. It is also evaluated those different ways of controlling the marketing initiatives such as return on investment, competitor’s response, and feedback.
MARKETING MANAGEMENT3 Table of Contents Introduction................................................................................................................................3 Introduction – Overview of the app or new app, purpose, scope and limitations......................3 Situation analysis.......................................................................................................................3 Porter’s Five Force Model......................................................................................................3 Bargaining power of buyers................................................................................................4 Bargaining power of Suppliers...........................................................................................4 Threat of New Entrants.......................................................................................................4 Threat of substitutes............................................................................................................4 Rivalry among existing competitors...................................................................................4 PESTLE analysis....................................................................................................................4 Political factors...................................................................................................................5 Economic factors................................................................................................................5 Social factors.......................................................................................................................7 Technological factors..........................................................................................................7 Environmental factors.........................................................................................................7 Legal factors.......................................................................................................................7 Mission.......................................................................................................................................8 Marketing objectives..............................................................................................................8 Financial Objectives...............................................................................................................8 SWOT analysis.......................................................................................................................8 Issue identified........................................................................................................................9 Market segmentation and target market...................................................................................11 Positioning approach............................................................................................................12 Marketing Tactics.....................................................................................................................13 Price strategies......................................................................................................................13 Promotion strategies.............................................................................................................14 Distribution strategies...........................................................................................................15 Conclusion................................................................................................................................17 References................................................................................................................................18 Appendix..................................................................................................................................21 Controls....................................................................................................................................21
MARKETING MANAGEMENT4 Introduction This report presents the situation analysis by using different techniques such as PESTLE analysis and Porter’s five force model. It also explains the marketing strategies by using the segmentation, targeting, and positioning. It also determines the marketing tactics by using the product, price, place, and promotions. It also focuses on control by using different strategies. It also presents certain milestones could be effective for making reliable marketing plan (Mathiyazhagan, Haq, & Baxi, 2016). Introduction – Overview of the app or new app, purpose, scope, and limitations P-Cubed Plastic Pollution Preventers App will support Queenslander to consider how much plastic they use in their daily routines and its environmental effects. The app will permit users for recording the quantity of plastic used and makes a better selection while buying products and selecting reusable and recyclable plastic bags. By considering this, the company may decline the 8 million tonnes of plastic that flows into waterways of globe, landfills, and oceans each year. Moreover, this app would be unique due to certain causes like it will permit users in order to track the plastic use and it has been intended particularly with young Queenslanders in mind. The limitations of this App are expensive services and covers only Queenslander. The scope of the Report The main aim of this report is to identify the internal and external factors affecting the plastic industry by using SWOT and PESTLE analysis. It also addresses the marketing tactics by using the products, prices, distributions, and promotions. Situation analysis Porter’s Five Force Model The porter five force models can be effective for assessing the rivalry of Australia market in a significant way. It involves the bargaining power of suppliers, and buyers, new substitutes,
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
MARKETING MANAGEMENT5 threats of new entrants, and rivalry among existing competitors. It is explained as given below: Bargaining power of buyers P-Cubed’s free multi-platform app can face higher bargaining power in Australia because of the low availability of the same products and services. Furthermore, there is low switching cost for purchasers in longer-term. The condition of higher purchasing power indicates the price sensitivity so that, a company can influence the customers by providing low-cost plastic services (Nagy, Schuessler, & Dubinsky, 2016). Bargaining power of Suppliers The bargaining power of supplier is lower due to availability of different substitutes in the marketplace. Therefore, suppliers should focus on the consumers by developing a favorable image and association of products and services towards the corporation (Nagy, Schuessler, & Dubinsky, 2016). The threat of New Entrants There is high threat of new entrants because P-Cubed’s free multi-platform app is very costly that cannot be imitated by competitors. It indicates that there is high threat of new entrants because of higher initiation expenses (Lewis, Gertsakis, Grant, Morelli, & Sweatman, 2017). Threat of substitutes There is low threat of substitute products that can be favorable for the company to effectively deals in Queensland. Because, customers cannot easily switch to another substitute because P-Cubed’s free multi-platform app has unique concepts (Lewis, Gertsakis, Grant, Morelli, & Sweatman, 2017).
MARKETING MANAGEMENT6 Rivalry among existing competitors There is a higher rivalry between existing rivalries hence it can be stated that P-Cubed’s free multi-platform app can face the issue in order to compete with current rivalry and creates a favorable picture in the marketplace (Wesley & Barczak, 2016). PESTLE analysis A PESTLE analysis is used to assess the external condition for P-Cubed’s free multi-platform app. Political factors Politicalfactors are related to how and to what extent a government may intervene in the Australian economy. Political factor entails trade restriction, labor regulation, environmental law, tax policy, tariffs, tax policy, and political stability. In Australia, government supports recyclable and reusable plastic bags that can favorably impact on P-Cubed. Moreover, the Australian government focuses on health awareness initiatives that may favorably impact on business growth (Lin, Chen, & Chiu, 2015, June). Economic factors Australia Interest Rate (Source:Lin, Chen, & Chiu, 2015, June).
MARKETING MANAGEMENT7 Australia Inflation Rate (Source:Lin, Chen, & Chiu, 2015, June). Ease of Doing Business in Australia (Source:Lin, Chen, & Chiu, 2015, June). Economicfactors contain different factors such as inflation rate, economic growth, and exchange rates. These factors may impact business dealing and making a decision towards the business. For instance, interest rates may affect the cost of capital of P-Cubed and therefore to what extent it may expand and develops. In Australia, inflation rate is declining that can favorably impact on the business growth of P-Cubed. In addition, ease of doing
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
MARKETING MANAGEMENT8 business in Australia is increasing that may lead to expanding the business of P-Cubed (Kent, 2018). Social factors Socialfactors contain the cultural aspects and involve the population growth rate, career attitude, health consciousness, and focuses on safety. In addition, trends in social factor may influence the demand for the product of company and how that company deals. For instance, an aging population may involve less-willing employees and thus gaining the cost of labor. Moreover, companies may transform different management strategies in order to adapt these social trends (Oyake-Ombis, van Vliet, & Mol, 2015). Technological factors Technologicalfactors entail different aspects such as automation, R&D activity, the rate of technological transformation and technology incentives. In Australia, there are low barriers to entry, minimum efficient production level and increasing outsourcing business. In this way, the technological shift may influence the quality, costs and may lead to innovation (Oyake- Ombis, van Vliet, & Mol, 2015). Environmental factors Environmentalfactors focus on environmental and ecological concepts like climate change, weather, and climate that may influence the plastic industry. Moreover, there are different environmental protection policies that focus on recycling and reusing the plastic bags. This factor will favorably impact on the business operation and P-Cubed’s a free multi-platforms app as it would contain environmental protection regulation (Brink, 2017). Legal factors Legalfactors involve consumer law, employment law, discrimination law, and health and safety law. These factors may influence the business operation and demand for P-Cubed’s free multi-platforms app. P-Cubed can launch the services into Queensland because this
MARKETING MANAGEMENT9 company will consider the discrimination regulation, employment law and safety rules (Ribau, Moreira, & Raposo, 2017). Mission The mission of P-Cubed’s free multi-platform app is to record the quantity of plastic used and creates better choices while buying products and selecting recyclable and reusable plastic bags. It may also influence the bulk of customers for using this app in long-term. Marketing objectives To assess the trends of market in Australia To identify the business opportunities of P-Cubed’s free multi-platform app in the plastic industry To gain the market share of company by 30% within 3 months Financial Objectives To gain the sales of P-Cubed’s free multi-platform app by 35% in 4 months To decline the expenses of company in 5 months by 25% To gain customer demand by 30% in 6 months SWOT analysis Strengths Indian polymer benefits Availability of low-cost employees High supporting industries Higher usage Initiating the recycling and reusing the plastic bags among youth Queenslander. Deals in the high range of services Well-organized operation and strong brand Weaknesses Poor image of the industry Health Hazards Inadequate competencies for making recognition in the global market rather than rivalry The brand has unproductive for obtaining the competitive benefits Penetrate into plastic recycling app is late
MARKETING MANAGEMENT10 name An innovative application such as P-Cubed’s free multi-platform app (Charter, 2017). that creates higher rivalry and may lead to a lower rate and higher experience (Vieira, Vieira, & Chang Chain, 2017). Opportunities Increasing Automotive sector Increasing water management Food packaging and high riding Transforming consumer behavior Endorses the products and services via advertisements, promotions, and sponsorship Identifying development through strategic acquisition and franchise models in emerging nations (Charter, 2017). Threats Government bans Fluctuating prices of raw materials Rivalry The shortfall of trained labor An economic recession can obstruct the growth strategy to develop digital marketing modes. High rivalry from global competition (Vieira, Vieira, & Chang Chain, 2017). Issue identified The maximum fund is needed to sacrifice a consumer A large number of customers may think to purchase P-Cubed’s free multi-platforms app in a strong condition to obtain long-term satisfaction. Because of the expensive App, these consumers have reduced their spending in another field. Thus, P-Cubed’s free multi- platforms app can focus on providing the benefits to customers and facilitates convenience to them as it is significant to recognize the sacrifice customer’s level (Cui, Khan, and Tarba, 2018). Expensive Trendy Stores
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
MARKETING MANAGEMENT11 The trendy approach is significant to enlarge the plastic business. Under the current situation, a customer may want the healthy style as P-Cubed’s free multi-platforms app should focus on unique services that could be expensive for the company. It is evaluated that an individual has diverse requirements according to their selections. In addition, modern customers want paper bag rather than using plastic bags. Hence, the marketing of this higher-end product will be complex for the company (Cui, Khan, and Tarba, 2018). Marketing initiatives There are different marketing practices that require different attempt before execution. Moreover, reliable disclosure may offer better outcome hence marketing manager should consider marketing practices that have executed different times for 10 weeks. In such manner, the marketing manager can maintain the record of marketing activities and tracks the different aspect of initiatives like responses created, cost, and timing of promotion, media used, and return on sales (De Angelis, Howard, and Miemczyk, 2018). Feedback P-Cubed’s free multi-platforms app can create feedback of consumers for monitoring the favorable and unfavorable aspect regarding it. By acquiring the feedback of customers, P- Cubed can make changes and then launch this app (De Angelis, Howard, and Miemczyk, 2018). Return on investment It is assessed that return on investment is essential component of launching the P-Cubed’s free multi-platforms app. For this, P-Cubed can assess whether higher amount of outlay was spent on a marketing plan. It can also determine the amount that would be spent on each marketing practices as well as determines the whole performance. For assessing the performance, it can break down the marketing practices in order to measure the exact cost of
MARKETING MANAGEMENT12 each activity as this would be effective for obtaining potential ROI (Bathelt and Gibson, 2015). Competitor Response P-Cubed will assess responses of key market players in order to determine the success or failure of P-Cubed’s free multi-platforms app. In such case, P-Cubed can assess how much rivalry has copied and makes efforts in against the function of P-Cubed’s free multi-platforms app. Moreover, when competitors ignore the marketing practices of P-cubed and get unfavorable responses then there might be the probability of occurring problems as it could be enhanced (Quartey, Tosefa, Danquah, and Obrsalova, 2015). Market segmentation and target market In the Australian market, the specified market would be chosen by P-Cubed’s free multiplatform app for enhancing the returns. Several activities are focused by this app like record the quantity of plastic used, recycle and reuse the plastic bags. Market segmentation is a tool that is used by the company to categorize their customers for availing their services. Market segmentation is more relevant strategy to choose the targeted customers that have similar needs, requirements, and desires (Perera & Pushpanathan, 2015).Market segmentation could be classified into different groups which are geographic, demographic, psychographic and behaviouristic. P-Cubed Company will categorize the specified marketplace for P-Cubed free multiplatform app as per the following aspects which are described as below: Geographic segmentation The p-cubed company would select various urban regions of Australia for P-Cubed free multiplatform app to provide their services and goods. The main reason for selecting urban people is that customers give more priority to their health and safety concern (Shekarabi & Dorri, 2017).
MARKETING MANAGEMENT13 Demographics: Age The p-cubed company would focus the customers of 20 to 35 years age group. This age group of people is more concerned with some aspect such as environment, their surroundings, health and safety (Smits, Vissers, & Dankbaar, 2015).Therefore, the company could easily sell their app to these customers. The company could influence this age group of customers to sell their recycled plastic bags, spread awareness among people towards plastic population and also lead them to decline the plastic population in upcoming period. Consequently, the company will provide tracking facility to their targeted customers by which customers will get information that how much quantity of recyclable plastic, they are using in their daily life. Consequently, this app is more innovative than any other because price-sensitive policies are provided by the Company to their customers through this app (Smits, Vissers, & Dankbaar, 2015). Target market For this organization, undifferentiated marketing strategy could be imperative for making a reliable decision in the context of the current matter. Consequently, it could attract the buying behavior of customers. Through this strategy, the organization will be capable to get reliable outcome. By considering this approach, the organization could be capable to get reliable information in the context of the current matter. By entailing this approach, the organization would be able to decline the classification from the marketing acts. From this approach, company can be capable to consider different sources to make reliable conclusion such as newspaper, social networking, digital media, television, and radio (Huang, & Wang, 2018). Positioning approach The p-cubed organization will concentrate on consumers who create the desire for healthy lifestyle in the Queensland market. The positioning strategy could be effective for increasing the demand for products and cost. Moreover, it is also examined that the organization could
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
MARKETING MANAGEMENT14 also be capable to make a favorable image of the company by considering innovative tools and techniques and offering the added value to the consumers. Consequently, the specified consumers will be ready to pay higher price for purchasing this App (Bayraktar, Hancerliogullari, Cetinguc, & Calisir, 2017).Moreover, this tool will be effective for making unique picture and pull the bulk of consumers by considering tools to make a positive relation. In addition, it is examined that this tool could endorse their goods and services for making a reliable decision. This tool could be effective be effective for increasing the market share of the firm. In addition, it is also examined that there are certain methods that could be considered creation sources namedSnapchat, Twitter, Instagram, and Facebook. This method will be effective for increasing the market share of the organization. This app would also lead to increase growth and development. It would also be effective for boosting the demand of consumers and enhance the revenue of the organization(Bayraktar, Hancerliogullari, Cetinguc, & Calisir, 2017).Moreover, undifferentiating marketing approach could lead to making a reliable decision in the context of spreading awareness towards the App. It could be effective for increasing the target the market in a systematic way. Marketing Tactics Product strategies The product strategies could lead the firm to differentiate the features of the firm. It could be effective for making a reliable decision in the context of the current matter. This strategy is used for spreading the awareness about specified products and services. The p-cubed organization mainly focus on evaluating plastic users in Queensland. It is imperative tool of the marketing mix that leads to getting higher competitive benefits (Bayraktar, Hancerliogullari, Cetinguc, & Calisir, 2017).For easily deliver their services, this organization has developed P-cubed pre multiplatform App to deliver different services to their particular consumers. In addition, it is examined that this organization could mainly
MARKETING MANAGEMENT15 concentrate on the local people. Through this way, an organization could categorize consumers as per their brand preference. The P-cubed app is effective for spreading awareness of plastic pollution in the least time. It could be effective for the accomplishment of the desired goal in the least time and cost. Price strategies This organization will use the penetration pricing strategy by which organization would be capable concentrate on the different age group of people and provide their services. From the application of this strategy, organization will set reasonable cost for selling their goods and services in the marketplace. In addition, it is evaluated that this approach could concentrate on predicting the consumers for particular goods and service. This pricing strategy could lead to the firm for increasing the market share of the organization in the least time and cost. In addition, it is examined that the penetration pricing could attract new consumer and retain them for long-term (Bayraktar, Hancerliogullari, Cetinguc, & Calisir, 2017).It could also be imperative for increasing the loyalty of consumers towards products and services of the firm. Moreover, it could be imperative for switching the consumers towards the products and services. The lower price will lead to the firm for building a positive image of App between the specified consumers who will be capable to use this App for their own use. The price strategy will be imperative for increasing market share and leads to increase the revenue of the firm by declining the firm cost. A consumer who buys this app in lower cost then they could purchase the particular app regularly and meet the aim and objectives of the research issue (Huang & Wang, 2018). Promotion strategies The p-cubed organization will frequently imply the frequency card cultures to increase the traffic and visit the frequency of the consumers on the websites of firm. The main aim of implying this approaches to reward the specified consumers on the basis of purchasing
MARKETING MANAGEMENT16 amount for getting the higher competitive advantages. For example, this organization could deliver discount on their app to attract a huge number of consumers and make a reliable decision (Huang & Wang, 2018). In addition, it is also examined that consumers could be capable to get a favorable result. Moreover, the organization should inspire buyers towards the frequency program as it could also be effective for the accomplishment of the organizational task. It could also be imperative for maintaining the relevancy of goods for consumers. This tool could be effective for considering certain factors like emails, address, and consumer’s name. This organization could use the card for the consumers to maintain and record their purchase. In addition, it is examined that organization could imperatively use the programming card and reach at the reliable conclusion (Smits, Vissers, & Dankbaar, 2015).This organization could imply after sale customer survey for promoting the goods and services in specified time and cost. This approach will facilitate the firm to make connection by considering the email method to increase customer satisfaction. In addition, it is examined that employees could directly converse with customers for comprehending their needs to make a reliable decision. As a result, company will be able to get competitive benefits by considering this approach and able to retain their image in the market. In addition, it is also examined that this organization also use digital media marketing for increasing the understanding of App and increasing the understanding of products and services in the least time and cost. In addition, it is also examined that there are certain tools and techniques for increasing the awareness of goods and services in the marketplace namedYouTube, Snapchat, Instagram, LinInd, Facebook, and Google. It could be effective for the accomplishment of the desired goal in limited time and cost. In addition, it is also examined that this approach is another approach for marketing products and services in limited tie and cost (Bayraktar, Hancerliogullari, Cetinguc, & Calisir, 2017).In addition, it is also evaluated that a marketing manager and salary could be
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
MARKETING MANAGEMENT17 effective for the attainment of the organizational task. In addition, it is also evaluated that social media could lead to making a connection with others at the international level. Therefore, it can also be evaluated that this approach could make direct relationship with their consumers for making a unique picture of the organization in the market. Distribution strategies The distribution strategy will lead to the firm for making a different image of the firm in the marketplace and support to get a reliable outcome. It could facilitate to increase profit margin in the marketplace. There are different channels that are considered by the firm for making a reliable decision in the favor of the company. In addition, it is also examined that the differentiated distribution strategy will be imperative to increase the sale of goods and services. It might reduce the dependency towards the investment on marketing communication(Bayraktar, Hancerliogullari, Cetinguc, & Calisir, 2017).In addition, it is also examined that organization could need to skilled seller and sales partners to make specialist into the marketing mix. This organization should concentrate on the development of product and promotion approach as it could be effective for the accomplishment of the desired goal in the least time and cost. In addition, it is also examined that P-cubed app could lead to track the consumer uses in the favor of plating uses. The organization could also be capable to get higher competitive benefits. This organization will increase the sale of goods and services for a particular location. It is also evaluated that the organization might control the whole business process for making a reliable decision in the context of the current matter. It could lead to getting a reliable outcome in the least time and cost. Moreover, this method will lead to getting a favorable result with respect to reliable outcome (Smits, Vissers, & Dankbaar, 2015).Therefore, this method could offer many services to the organization for increasing their sale in limited time. Controls
MARKETING MANAGEMENT18 PlatformsReachFrequency/ContinuityBudget Social media marketing by considering creation sources like Instagram, Snapchat, Twitter, Youtube, and Facebook 16 million peopleTwice in a month (Monday and Friday) $7600 Per day SEOThis organization will mainly concentrate on focusing approximately 20 million consumers 5 Posts per day$200,000 Event MarketingThis method will lead to the organization at 50- 70%. 5 Events in 7 months$100,000 Hoardings & Billboard This method will be imperative for reaching 45 to 60% 45 Sign around the 50 Hoarding around the urban On actual Digital marketing method 90% reachIt could support to post each day on the different web 1% of sale value
MARKETING MANAGEMENT19 Conclusion From the above interpretation, it can be concluded thatP-Cubed Plastic Pollution Preventers App will be used to track the plastic used by Queenslander and its impact on environment. It can be summarised that situation analysis is used to assess the external condition of P-cubed by using PESTLE and Porter’s five force model. It can be summarised that the company will use a different marketing strategy to promote the P-Cubed Plastic Pollution Preventers App such as social media strategy. It can be also concluded that there are different marketing tactics could be used by P-Cubed such as product, price, distribution, and promotion. Furthermore, it can be summarised that there are different control techniques for P-Cubed such as feedback, return on investment and the competitor’s response.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
MARKETING MANAGEMENT20 References Bathelt, H. and Gibson, R., 2015. Learning in ‘organized anarchies’: the nature of technological search processes at trade fairs.Regional Studies,49(6), pp.985-1002. Bayraktar, C. A., Hancerliogullari, G., Cetinguc, B., & Calisir, F. (2017). Competitive strategies, innovation, and firm performance: an empirical study in a developing economy environment.Technology Analysis & Strategic Management,29(1), 38-52. Brink, T. (2017). B2B SME management of antecedents to the application of social media. Industrial Marketing Management,64, 57-65. Charter, M. (2017).Greener marketing: A responsible approach to business. UK: Routledge. Cui, W., Khan, Z. and Tarba, S.Y., 2018. Strategic talent management in service SMEs of China.Thunderbird International Business Review,60(1), pp.9-20. De Angelis, R., Howard, M. and Miemczyk, J., 2018. Supply chain management and the circular economy: towards the circular supply chain.Production Planning & Control, 29(6), pp.425-437. Huang, C., & Wang, Y. (2018). Evolution of network relations, enterprise learning, and cluster innovation networks: the case of the Yuyao plastics industry cluster. Technology Analysis & Strategic Management,30(2), 158-171. Kent, R. (2018).Energy Management in Plastics Processing: Strategies, Targets, Techniques, and Tools. Elsevier. Lewis, H., Gertsakis, J., Grant, T., Morelli, N., & Sweatman, A. (2017).Design+ environment: a global guide to designing greener goods. UK: Routledge. Lin, H. C., Chen, S. L., & Chiu, W. H. (2015, June). Exploring value creation of manufacturing service innovation based on a perspective of asset specificity: Cases from the IT industry. InService Systems and Service Management (ICSSSM), 2015 12th International Conference on(pp. 1-6). IEEE.
MARKETING MANAGEMENT21 Mathiyazhagan, K., Haq, A. N., & Baxi, V. (2016). Analyzing the barriers to the adoption of green supply chain management-the Indian plastic industry perspective.International Journal of Business Performance and Supply Chain Modelling,8(1), 46-65. Nagy, D., Schuessler, J., & Dubinsky, A. (2016). Defining and identifying disruptive innovations.Industrial Marketing Management,57, 119-126. Oyake-Ombis, L., van Vliet, B. J., & Mol, A. P. (2015). Managing plastic waste in East Africa: Niche innovations in plastic production and solid waste.Habitat International, 48, 188-197. Perera, H. L. N., & Pushpanathan, A. (2015). Green Marketing Practices and Customer Satisfaction: A Study of Hotels Industry in Wennappuwa Divisional Secretariat. Tourism, Leisure and Global Change,2(1), 13-29. Quartey, E.T., Tosefa, H., Danquah, K.A.B. and Obrsalova, I., 2015. The theoretical framework for plastic waste management in Ghana through extended producer responsibility: the case of sachet water waste.International journal of environmental research and public health,12(8), pp.9907-9919. Ribau, C. P., Moreira, A. C., & Raposo, M. (2017). SMEs innovation capabilities and export performance: an entrepreneurial orientation view.Journal of Business Economics and Management,18(5), 920-934. Shekarabi, S. A. H., & Dorri, B. (2017). Formulation and Anticipated Approach for Developing a New Business through Integrated Strategic Morphological Analysis and Integrated Fuzzy Approach and Estimate the Cost of the Integration of PSO and BP Neural Network in the Plastic Injection Molding Industry.Review of European Studies,9(1), 239.
MARKETING MANAGEMENT22 Smits, A., Vissers, G., & Dankbaar, B. (2015). Marketing Activities to Support ‘Moderately Novel’Product Innovation: Insights from the Chemical Industry.Creativity and Innovation Management,24(3), 525-536. Vieira, D. R., Vieira, R. K., & Chang Chain, M. (2017). Strategy and management for the recycling of carbon fiber-reinforced polymers (CFRPs) in the aircraft industry: a critical review.International Journal of Sustainable Development & World Ecology, 24(3), 214-223. Wesley, D., & Barczak, G. (2016).Innovation and marketing in the video game industry: avoiding the performance trap. UK: Routledge.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
MARKETING MANAGEMENT23 Appendix Controls PlatformsReachFrequency/ContinuityBudget Social media marketing by considering creation sources like Instagram, Snapchat, Twitter, Youtube, and Facebook 16 million peopleTwice in a month (Monday and Friday) $7600 Per day SEOThis organization will mainly concentrate on focusing approximately 20 million consumers 5 Posts per day$200,000 Event MarketingThis method will lead to the organization at 50- 70%. 5 Events in 7 months$100,000 Hoardings & Billboard This method will be imperative for reaching 45 to 60% 45 Sign around the 50 Hoarding around the urban On actual
MARKETING MANAGEMENT24 Digital marketing method 90% reachIt could support to post each day on the different web 1% of sale value