A Detailed Marketing Plan for Wilkinson's 'Health Kart' Product

Verified

Added on  2023/03/29

|18
|875
|292
Report
AI Summary
This report presents a comprehensive marketing plan for Wilkinson's new product, 'Health Kart,' a healthy meal package. It includes a company overview, product overview, supplier information, and a SWOT analysis identifying strengths, weaknesses, opportunities, and threats. The plan outlines objectives to increase sales, market share, and brand awareness, targeting young people and health-conscious individuals. Segmentation, targeting, and positioning strategies are discussed, along with the marketing mix (product, price, promotion, and place). The report also covers marketing strategies, tactics, actions, budget, and control measures, concluding with a final analysis emphasizing the importance of innovative products and effective marketing techniques. This assignment solution is available on Desklib, a platform offering study tools for students.
Document Page
Marketing
Marketing plan of Wilkinson
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
Content Covered
Introduction
Marketing Plan
Executive summary
Company overview
Product overview
Supplier information
Swot analysis
Objectives
STP
Marketing mix
Final analysis
Document Page
Introduction
Marketing plan refers to control and operate many functions
which help to achieve all goals and objectives of an
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.
Document Page
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.
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
Company overview
Wilkinson is the biggest retail store that serves different types of
products to their customers such as grocery items, kitchen
appliances, pet foods, etc. They mainly sell home products 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.
Document Page
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.
Document Page
Marketing Plan
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
Supplier Information
The product will be supplied by new company which
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.
Document Page
SWOT Analysis
Wilkinson analyses internal factors of company’s environment.
Firm has to identify company's strengths, 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
Document Page
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.
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
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.
Document Page
Marketing Mix
Product- Health kart (Healthy
meal)
Price- 5 Pound (2 Packet)
Promotion- By newspaper,
online and advertisement
Place- Down-town area, London
chevron_up_icon
1 out of 18
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]