Comprehensive Marketing Plan: Ben Sherman's Women's Clothing

Verified

Added on  2023/01/23

|15
|1355
|38
Report
AI Summary
This report provides a comprehensive marketing plan for Ben Sherman, focusing on the launch of a new women's clothing segment, specifically wedding gowns. It begins with an introduction, outlining the report's objectives and the importance of a well-defined marketing plan. The plan includes a vision, mission, and marketing objectives, such as increasing sales and expanding the consumer base. A detailed SWOT analysis assesses Ben Sherman's strengths, weaknesses, opportunities, and threats. The report then delves into segmenting, targeting, and positioning strategies, followed by an examination of the marketing mix, including product, place, price, and promotion. Promotion strategies involve direct marketing, online marketing, and commercial marketing channels. The marketing program outlines specific activities, timelines, and budgets. The report concludes with a discussion of monitoring and controlling marketing performance through cost-benefit and sales analysis, offering insights into the effectiveness of the marketing plan. The report also highlights the importance of marketing mix and how it is applied to the marketing plan to achieve organizational objectives.
Document Page
MARKETING ESSENTIALS
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
INTRODUCTION
The report also include the marketing plan for Ben Sherman.
Further the study will also highlight that how marketing mix operates in a
Ben Sherman and also about its major competitors in the market.
Document Page
MARKETING PLAN
Marketing plan of an organization can be referred as the professional report which help to outline
the strategies of organization, what it will going to do in upcoming year.
It is the operational document, with the help of the marketing plan or document, organization can
implement their strategies in order to reach the target of their organization.
This includes the mission, vision of organization, its business objective, what is going to introduce,
which factors can affect the product and organization.
All these elements of marketing plan help an organization to make its strategies for their new
products.
Document Page
IMPORTANCE OF MARKETING PLAN
This marketing plan helps Ben Sherman to give clarity about the market, what will the clients
and consumer. Which consumer group they going to target.
This plan also helps marketing manager of Ben Sherman to provide direction, about the
promotion and advertisement for their new product, which they are going to be launched.
This marketing helps to set their target and explain what tactics and strategies they will apply.
Marketing plan help to achieving the target and goal of company.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
EXECUTIVE SUMMARY
This marketing plan of Ben Sherman company will include the
vision, mission and objective of the company. In this marketing
plan Ben Sherman will plan to launch new segment that is
women clothing with specific product range of wedding gown.
Vision
Vision of Ben Sherman company is to meet the need and
changing environment of the different customers with the help
of expert and experience leadership.
Document Page
MARKETING AIM AND OBJECTIVES
Marketing aim
To target new buyer segments with the new segments of Women
clothing”
Marketing objectives
To increase the sales of product 10% till the end of 2019.
To increase consumer base by 20 %
To manufacture quality products and clothing for the women.
Document Page
SWOT Analysis
Strength Weakness
Ben Sherman has strong supply chain in the market. That help to
distribution of their products.
Expert and experience leaders and managers are the key strength of Ben
Sherman that help to manage all its operations.
Strong Highly effective corporate social responsibility.
Low varieties of clothing range.
Poor financial performance of Ben Sherman.
Operate it business in very limited areas and country.
Strong competition in retail sector is the weakness of Ben Sherman.
Lack of new technology in the company is the weakness of Ben Sherman.
Opportunity Threat
Ben Sherman can expand its business in new country.
Ben Sherman ca start their online business, which can give hike to its
business in e-commerce sector as well.
Ben Sherman can launch its new product range and trend in market.
Strong competition in the retail market can be threat that have great market
share and strong strategies.
Different political region of the country can be threat for the Ben Sherman.
Changing trend of the market and choice of different consumers, can be threat
for Ben share that create problem to expansion its business.
SWOT Analysis
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Segmenting, Targeting and Positioning
Segmenting: Ben Sherman plan is for expanding into segment of women clothing with launch
of Wedding Gown and therefore firm will segment shoppers on the basis of behaviour and
demographics.
Targeting: In this marketing team of Ben Sherman will focus on outlining attractiveness of
segment on the basis which target plan will mad. For targeting segment marketing manager
will aim at online targeting.
Positioning: For this marketing team will make use of product positioning map which will
helps the firm in outlining position of its products on the basis of competitors.
Document Page
Marketing Mix
Product: This is the basis of marketing plan for which firm manages innovation. The new product
by Ben Sherman is Wedding gown in new segment which is Women clothing. This will help the
firm in managing increase in customer base and has also enhanced product portfolio of company.
Place: This is the platform where company connects with buyers and therefore it is important for
the firm to ensure easy availability of products and services. The wedding gown by Ben Sherman
will be available on its outlets and also online. This will help in creating awareness and also aid in
increase in volume of sales.
Document Page
Marketing Mix
Price: Price is the major component which impact buying behaviour of consumers and sales.
Therefore, from the new product segment Ben Sherman will focus on competitive pricing
which will promote comparison and will lead to increase in sales.
Promotion: Promotion of products and services is essential as it aim at creating awareness
among buyers. For the launch of new segment product that is Wedding gown the marketing
team of company will promote services via direct marketing channel that is email. Further,
entity will also focus on social media advertising via platforms like Facebook and Instagram.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Marketing Programme
Marketing Channel Activity Time
Direct Marketing In this company will email details of
product to potential buyers
5 months
Online Marketing In this firm will market new product
range on social media platforms that is
Instagram and Facebook
7 months
Commercial Marketing In this marketing team will focus on
advertising product labels on television
with the youth icons
12 months
Document Page
Marketing Budget
Marketing Channel Budget (In
Pounds)
Direct Marketing 70
Online Marketing 200
Commercial Marketing 250
Total 520
chevron_up_icon
1 out of 15
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]