This presentation discusses the marketing plan of Wilkinson, including company overview, product overview, supplier information, SWOT analysis, objectives, STP, marketing mix, and final analysis.
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Marketing Marketing plan of Wilkinson
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Introduction Marketing plan refers to control and operate many functions whichhelptoachieveallgoalsandobjectivesofan organisation. In this presentation, marketing plan of Wilkinson company is stated which will aid in attaining organisation’s goals and objectives. It helps in evaluating the current and future position of organisation.
Marketing plan Marketing plan helps to achieve organisational objectives within specific time period. It helps to develop marketing strategies that attract large number of customers.
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Company overview Wilkinson is the biggest retail store that serves different types of productstotheircustomerssuchasgroceryitems,kitchen appliances, pet foods, etc. They mainly sell homeproducts in the market. Marketing plan provides required data or information of company such as address, location, Email Id, contact number, etc. It helps to attract more customers towards their products.
Product Overview Wilkinson is going to launch a new food product in the segment of healthy meal. It is named “Health kart”. Health kart is a package of different fresh food products that are ready to cook and eat. It is safe, secure and healthy food item. It is good for customers health.
Marketing Plan
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Supplier Information Theproductwillbesuppliedbynewcompanywhich prepares these healthy meals. It is known as Kristys. It will be supplying 5000 meals packages per week at the cost of 10000 pounds. The cited supplier provides these items to different type of buyers that includes kids, school student and adult people. Kristy make products to fill delicious ingredients which attracts buyers towards their food item.
SWOT Analysis Wilkinson analysesinternal factors of company’s environment. Firmhastoidentifycompany'sstrengths,weaknesses, opportunities and threats for which SWOT analysis will be done which is stated as below: Strengths Develop innovative goods and services Maximum economic growth Weaknesses Lack of technical skills Managerial issues Opportunities Expanding business Provides online products Threats New entry in market Tough competitors
Objectives Wilkinson aim is to increase sale of product to target some specific customers. Company will capture its competitors profit price which is 50%. Firm grow their market share approx. 60% in the market The company build awareness about their new product They want to increase their profit ratio by 8%. Company enhance customer relationship.
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Segmentation, Targeting and Positioning Segmentation Firm has to use adequate means and hard pressing. The cited company segment target customers. Targeting Company will be targeting young people, fast live living individuals and ideal customers. Positioning Currently business positioning it self to be a healthy meal provider which is good for kids and young people who like to eat fast food in healthy way.
Marketing Mix Product-Healthkart(Healthy meal) Price- 5 Pound (2 Packet) Promotion-Bynewspaper, online and advertisement Place- Down-town area, London
Marketing Strategies Wilkinson’s main strategy is to satisfy their customers and need to serve them quality products that help to expand their business in the market. They need to use different policies and strategies that help to prepare budgets of company. Number and power of competitors Company’s strengths Size of business Financial position Government influence
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Tactics and Actions Wilkinsonneedtoachievetargetgoalsandobjectives. Company adopt strategic method to promote the products of businesswhichhelpsinincreasingsaleandmaintain competitive products. This marketing strategy attract new customers and satisfy them in efficient manner.
Budget and Control Budget- Wilkinson prepared their budgets on the basis of past data or information and they need to develop marketing activities in an organisation. Company has expected expenditure amount is around 25000 pound. Control-It is important to control all activities or functions of marketing in an enterprise.
Final Analysis Wilkinson develops innovative products that help to expand their business in the marketplace. They should use marketing strategies whichhelptoidentifythelatestmethodsandtechniquesof company. Ithelpstoanalysethecurrentandfuturegoalsalongwith objectives in an effective and efficient manner.
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REFERENCES Ferrell,O.C.andet.al.,2010.Frommarketorientationto stakeholderorientation.JournalofPublicPolicy& Marketing. 29(1). pp.93-96. Galbreath, J., 2010. Drivers of corporate social responsibility: The role of formal strategic planning and firm culture.British Journal of Management. 21(2). pp.511-525. Greene, H., 2011. Freshmen marketing: A first-year experience withexperientiallearning.MarketingEducationReview. 21(1). pp.79-88.