Marketing Plan – Сustom Literature essay

Sample essay topic, essay writing: Marketing Plan - 1343 words

A marketing plan is the key to business. Its purpose is to maximize the business' profits. As opportunities crop up or the business environment changes, the objective and marketing strategies in the plan will aim toward the best action. The marketing plan and the strategic marketing plan fit together in that both are essential for the success of a business. Without a strategic marketing plan, businesses can become uncertain in marketing efforts.

The purpose of the strategic marketing plan is to help businesses reach their marketing goals. The marketing plan should be a comprehensible, succinct, and well thought out document that serves as a guide through the marketing program. It should focus on the objective of the marketing and the intent to carry out that objective. There are six major elements to creating a successful marketing plan. They are: purpose, target customer, benefits of the product or service, positioning, marketing tactics and marketing budget

The marketing plan's purpose may seem apparent, but by putting it up front and in writing, the business will stay focused on its intent. Many businesses think their marketing plan is about increased exposure, getting press, writing cool ads, and the like. These are not purposes, they are devices. The end result of any of these is to increase profits. There are two major instruments to the marketing plan.

They are: how your enterprise will address the competitive marketplace and how you will put into practice and look after your day to day operations. It is of little value to have a strategy if the business lacks either the resources or the know-how to implement it. Because each strategy must address some unique considerations, it is not reasonable to identify every important factor at a basic level. The strategic marketing plan is made up of various components, one being the objective. The objective addresses the "big picture".

The marketing strategy supports the objective; it defines general approaches to take to meet the objective. For example, strategies to support the objective could include 1) improve online communication, information, and education, 2) build awareness of and interest in the company on the Internet, and 3) communicate the Website's existence and advantages to existing clients. Another component is the marketing tactic or marketing program or action plan. These are the things that will be done to bring each marketing strategy to life. By implementing marketing programs that are consistent with the objective(s) and marketing strategies, there is a better chance for success. The marketing concept and customer focus are core concepts not only in marketing but in general business practice today. (Winer, 2012, p.

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