EE Limited Marketing Plan: Strategy, Objectives, and Evaluation

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Added on  2023/03/30

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AI Summary
This presentation provides a comprehensive overview of marketing essentials, focusing on the importance, value, and objectives of a marketing plan. It delves into marketing strategies, including the Ansoff Matrix and BCG matrix, and outlines the steps to generate and evaluate a marketing plan. The presentation emphasizes the need for companies to analyze their market, set realistic and measurable targets, and develop systematic plans to compete effectively. The conclusion highlights the importance of market analysis and strategic planning for achieving business objectives and improving market reputation. Desklib offers a variety of study tools and resources for students.
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MARKETING
ESSENTIAL
LO 3
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Covered content
Introduction
Importance of Marketing plan
Value of Marketing plan
Marketing objectives
Marketing strategies
Evaluation of marketing plan
Marketing plan
Conclusion
References
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Introduction
Every company has to compete with their competitors, for this marketing is best strategy which is used by EE
limited. They make proper plan, so that they can maintain all activities in their organisation. An effective
marketing aid them to compete their competitors in marketplace. They need to analyse environment internally as
well as externally.
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Importance of Marketing plan
It helps in strategize
It helps in formalise idea
Employees can complete their work within provided time
It helps to get finance
Helps in achieving business objectives
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Value of Marketing plan
It consists some steps:
Research and Analysis
Goals
Strategies and tactics
Financials, budgets and forecasts
Implementation
Measuring results
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Marketing objectives
It comprises:
Specific
Measurable
Attainable
Relevant
Time bound
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Marketing strategy
Ansoff Matrix:
Market Penetration
Market Development
Product Development
Diversification
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Continued...
BCG matrix:
Dogs
Question mark
Stars
Cash cows
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Evaluation of Marketing plan
It includes:
Sales analysis
Market share analysis
Efficiency ratio
Cost profitability analysis
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Continued...
There are following steps to generate marketing plan:
Executive summary
Company overview
Current market situational analysis
Objectives
Strategy
Segmentation, targeting and positioning
Tactics, decision and budget
Control
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Conclusion
From above presentation, it has been concluded that while organisation develop strategies for their business
they have to analyse their market. Targets which they want to attain must be realistic as well as
measurable. Plan which is develop by them, must be in systematic manner, so that they can beat their rivals
and improve their reputation in marketplace.
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References
Lancaster, G and Massingham, L., 2010. Essentials of marketing management. Routledge.
Lane, P., 2016. Human resources marketing and recruiting: essentials of employer branding.Handbook of
Human Resources Management, pp.23-52.
Lipsman, A and et. al., 2012. The power of “Like”. Journal of Advertising research. 52(1). pp.40-52.
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Thank You
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