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   1112Part A ABC Marketing Plan (Change to
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  1. 1 11 2 Part A: ABC Marketing Plan (Change to your name of business here) Your Name MKT500 Marketing Management Strayer University Dr. Lisa Amans Date submitted Introduction (note this is not bold) Write an introduction to your company. Describe your hypothetical company, its location (why did you choose this location), and the product it makes or the service it provides, and introduce the contents of your marketing plan.Mission Statement Develop your company’s mission statement (do not confuse a mission statement with a tag line, slogan, or positioning statement). Also, your mission statement should resonate with your consumers/customers as well as with your employees and stakeholders – remember to see the purpose of a mission statement and rationalize yours. Do not just state a mission statement without rational – answer why. See textbook, page 21. Goals Write an introduction to this section here (minimum of three sentences). Note, your goals should be realistic, practical, and
  2. SMART (i.e., S. – specific; M. – measurable; A. – assignable; R. – realistic; and T. – time based). What does your company need to accomplish in the short and long term; consider revenue and profit goals? Short Term Text starts here – Decide the main goals that you would like to achieve within the next year (short term). Determine the most appropriate ways to measure short term goals. Note: Consider the following metrics: tracking downloads of Website content, Website visitors, increases in market share, customer value, new product adoption rates, retention, rate of growth compared to competition and the market, margin, and customer engagement. For information on Website analytics, visit Google Analytics at http://www.google.com/analytics/why/ Long Term Decide the mains goals that you would like to achieve within the next five (5) years (long term). Determine the most appropriate ways to measure long term goals. Note: Consider the following metrics: tracking downloads of Website content, Website visitors, increases in market share, customer value, new product adoption rates, retention, rate of growth compared to competition and the market, margin, and customer engagement. For information on Website analytics, visit Google Analytics at http://www.google.com/analytics/why/Environmental Analysis Develop an environmental analysis that includes competitive, economic, political, legal, technological, and sociocultural forces. Include an introduction of these elements. Write an introduction to this section (minimum of three sentences). See textbook pages 45-51. Competitive Analysis Competitive analysis here - (who is the competition – direct and indirect, why do you consider them to competition, what do they do well, what might be a weakness?).
  3. Economic Analysis Economic analysis here - (Through this factor, businesses examine the economic issues that are bound to have an impact on the company. This would include factors like inflation, interest rates, economic growth, the unemployment rate and policies, and the business cycle followed in the country). Political and Legal Analysis Political and legal analysis here. Separate the topics if you have significant analysis. (Political and Legal: Here government regulations and legal factors are assessed in terms of their ability to affect the business environment and trade markets. The main issues addressed in this section include political stability, tax guidelines, trade regulations, safety regulations, and employment laws). Technological Analysis Technological analysis here – (How technology can either positively or negatively impact the introduction of a product or service into a marketplace is assessed here. These factors include technological advancements, lifecycle of technologies, the role of the Internet, and the spending on technology research by the government). Sociocultural Forces Analysis Sociocultural forces here – (With the social factor, a business can analyze the socio-economic environment of its market via elements like customer demographics, cultural limitations, lifestyle attitude, and education. With these, a business can understand how consumer needs are shaped and what brings them to the market for a purchase).SWOT and Needs Analysis Develop both a SWOT analysis and needs analysis for your product. Each analysis should examine three (3) each of strengths, weaknesses, opportunities, and threats for your company. Suggestion is to write an introduction (minimum of
  4. three sentences) and create a SWOT table (use APA formatting, label Table 1, etc.). Include an analysis, not just the table. Rationalize why you choose these SWOT elements. See textbook page 21. Table 1 SWOT Analysis Strengths · Short bullet · Xxxx · xxxx Weaknesses · Short bullet · Xxxx · xxxx Opportunities · Short bullet · Xxxx · xxxx Threats · Short bullet · Xxxx · xxxx Note: Strengths, weaknesses, opportunities, and threats for xxxx company. Strengths Include three strengths and explain the importance (think features and benefits to customer). Strengths are internal; what you can control. Weaknesses Include three weaknesses and impact to the business and/or customer. Weaknesses are internal; what you can control. Opportunities
  5. Include three opportunities and explain the importance (think features and benefits to customer). Opportunities are external; what is happening outside your company you can take advantage of such as new technology. Threats Include three threats and impact to the business and/or customer. Threats are external; what is happening outside your company that will impact your business such as new government policies or laws.Conclusion Summarize the plan to this point (minimum of three sentences) and you should not include any new thoughts (just summary). Sources (note this is centered and not bold and on a separate page) Use at least three (3) academic, peer-reviewed resources as quantitative marketing research to determine the feasibility of your product / service. Three academic, peer-reviewed references are proficient. In order to receive most points as exemplary, submit four or more. These academic, peer-reviewed resources should be industry specific and relate to your chosen product / service. Quality, academic references are peer-reviewed and found in scholarly journals published in the last 5 years. A good way to incorporate is by using Journal of Marketing, as an example, for your theories and consumer behavior observations. Newspapers, magazines, and other Websites do not qualify as academic resources and although you should reference if you use, they do not count towards your minimum. Listing your references without applying them in your text (citations) is not acceptable!!! Tips and SWS Formatting (delete this from your paper) Below are tips and notes to guide you writing an SWS paper. Use this information as a reference and ask if you have any questions.
  6. Tips and Notes: 1. NEVER plagiarize: Plagiarism: act of using someone else’s ideas, words, figures, unique approach, or specific reasoning without giving appropriate credit. 2. Always include an introduction for your Heading 1 topic (example: Environmental Analysis) to explain to the readers what they learn in the section you are introducing. 3. Paragraphs should be complete, such as a minimum of three sentences: a. “Put only one main idea per paragraph. b. Aim for three to five or more sentences per paragraph. c. Include on each page about two handwritten or three typed paragraphs. d. Make your paragraphs proportional to your paper. Since paragraphs do less work in short papers, have short paragraphs for short papers and longer paragraphs for longer papers. e. If you have a few very short paragraphs, think about whether they are really parts of a larger paragraph—and can be combined—or whether you can add details to support each point and thus make each into a more fully developed paragraph. 4. Do not use (or minimize): a. They (minimize, pronouns, use actual names/titles for clarity). b. These. c. There are. d. Thing. e. It. f. This. g. I. h. We. i. You. j. One or ones. k. Some. l. A lot. m. A ton. n. Really.
  7. o. Very. 5. Use of contractions—spell it out. 6. Findings: are past tense. SWS Guidelines: 1. In -text citations: If the in-text citation appears at the end of a sentence containing evidence, the closing punctuation of the sentence must follow the closing parenthesis of the citation. Use the author’s last name or publishing organization’s name and then a comma. Then add the number indicating the placement of this source in the source list. This is an example. Studies have also indicated that the high concentration of CO2 in the atmosphere is primarily due to humans’ use of fossil fuels. Atmospheric data shows “that levels of CO2 in the atmosphere are higher than they have been at any time in the past 400,000 years” (National Aeronautics and Space Administration, 4). 2. Sources: An SWS format Source list citation consists of: · The author’s name. · If there are multiple authors, only the first author is used. · The year of publication of the source. · The title of the source. · The page range. · A way to locate the source (in this case, a permalink from the Strayer Library).
  8. Here is an example of a Source in an SWS format. Stephanie Herring. 2014. Explaining Events of 2013 from a Climate Perspective. http://libdatab.strayer.edu/logi n?url=https:// search.ebscohost.login.aspx?direct=true&db=a9h&AN=9912481 1 &site=eds-live&scope=site Pre-Writing Activity: Organization When using the Outside-In Essay format, you move an argument from general to specific to general again. It is up to you how many paragraphs you use to accomplish this and what specific time order you choose as well (chronological? start in the present, then go to the past and later the future?). It is also up to you to decide where you place your thesis in the paper (in the intro to tell readers what they will read about? at the beginning of the body paragraphs? or, at the end so readers are in suspense?). Use the following questions/ideas to help you organize the flow of ideas in your paper. Then, write a detailed outline (paragraph by paragraph- including the introduction and conclusion) which includes the sources you will use to prove your ideas on a separate sheet of paper. General- What is the overall topic you are writing about? How can you draw in readers to the overall topic in an interesting way to make them want to keep reading? More Specific
  9. How can this general topic relate more specifically to the question(s) being asked by the prompt? Specific Answer the prompt question(s) fully and specifically using personal examples, examples from the readings, cases, etc. Less Specific How does the answer to the prompt question(s) relate back to the overall general idea? General How can you go back to the overall idea in a way that pulls together the paper and satisfies the reader? Bowe- English 1010
  10. Sample Detailed Outline- The Power of a Word Prompt Topic: Have you ever been called (or, alternatively, called someone else) a simple word, such as “bossy,” that negatively affected you in some way? What was the word and why did it affect you that way? Do you think there is a way to stop this word from having a negative connotation? Whenever possible, connect your experience to those related by Tannen in “Bossy” is More than a Word to Women and/or Language Versus Lies by Sanders] Outline I. Hook Paragraph: A. Use a shocking statement to grab the reader’s attention i. Compare the large idea of words to candy when it’s used positively and weapons when it’s used negativel y II. Introduction Paragraph: A. Get readers into the topic more by explaining the background of the reading “’Bossy’ is More than a Word to Women,” by Debra Tannen, and how this is an example of a
  11. word that’s used as a weapon B. Thesis: The word that hurts me most is “large” because most of my friends are “small” and “cute.” III. First Body Paragraph: A. Start a story about the word that hurt: large. i. Begin with helpful background information about studying in Hong Kong, and how people tend to be smaller there and how women are judged if they are larger. IV. Second Body Paragraph: A. Tell the story of my friend, Hannah, saying I should return to the US since boys in Hong Kong won’t like me due to my slightly larger size. V. Third Body Paragraph A. Give background about why it hurt so much for Hannah to say this since we had been friends for a long time. VI. Fourth Body Paragraph:
  12. A. Explain that many women are judged by society like I was judged by Hannah, and how I have now accepted that I don’t necessarily look like society wants me too but I like the way I am. VII. Fifth Body Paragraph: A. Connect back to the Tannen reading and use it to connect to my story and prove my Comment [BME1]: The essay starts by introducing readers to the general/overall topic of the paper: words. Comment [BME2]: The essay gets a bit less general/more specific, moving from the general topic (words) toward the more specific idea of the paper (words that affect people negatively). The author uses the reading to do this and also provide background/context for readers. Comment [BME3]: The essay gets specific- the author states the thesis by saying the specific word that hurt her. The thesis is toward the beginning of the paper, but it doesn’t have to be at the end of the 1st paragraph. It can come a bit later in the intro (as it is here),
  13. in the body paragraphs, or even in the conclusion. Wherever it is placed, it should be done for a specific purpose. Comment [BME4]: Now that the author has stated the thesis and is in the body paragraphs, she focuses on proving the thesis very specifically using examples and cases throughout the body paragraphs. In this instance, she uses her story and connects to the reading to back up her experience. Comment [BME5]: Note that each body paragraph has one main idea. When applicable, that main idea is connecting to one of the required readings. thesis. i. Explain that women are treated differently than men in some areas, and women are in a double-bind when it comes to how they speak at work. If they talk using more feminine ways of speaking, they are judged, and it they talk
  14. using more masculine ways of speaking, they are also judged. a. Quote to use: “ If they talk in...ways, which are associated with and expected of women, they seem to lack confidence, or even competence. But if they talk in ways expected of someone in authority, they are seen as too aggressive” (Tannen, 65) ii. The double-bind occurs with women’s bodies too a. We should be try to be healthy and like ourselves instead of caring what other people think VI. Sixth Body Paragraph A. The way to stop words like “large” from hurting others is to think before speaking and using judgmental words. i. And, when using words, we should apply them equally to men and women. VII. Concluding Paragraph A. Even though this was a sad experience, I learned from it how much power words
  15. have and how much they can cut people deeply. B. Call to Action: This experience should be shared so other people can learn this lesson too. i. Last sentence: connect back to original article and main idea of words. Comment [BME6]: Note the author includes the specific quote they will be using and plans for it before actually using it in the essay draft. Comment [BME7]: The author moves on the last essay question, how words like this can stop having a negative connotation. This is the second part of the thesis, since it is answering part of the essay question, and it is still very specific since it’s proving the thesis and since she is still in the body paragraphs. Comment [BME8]: The author is still specific since she’s talking about herself and what she’s learned, but will start
  16. getting less specific/more general since she is now in the conclusion. Comment [BME9]: The author gets more general/less specific in order to connect to the audience and explain how the overall topic matters to them and why they should care about it. Comment [BME10]: The author uses a concluding technique, a callback to an earlier idea, to end the paper in an interesting way for readers. She also connects back to the general/overall topic, which is words. 1 Mission Statement A strong mission statement “provides a shared sense of purpose, direction, and opportunity”(Kotler, 1). Pets are family members and should be treated as such. Pooper Scoopers’ services provide homes and communities a high level of care, creating a family feel while protecting the environment to everyone’s benefit. Our services are provided to pet
  17. owners and communities with care and consideration while commending our team members for their professionalism, dedication, and performance for those we serve. Our goal is simple – provide customers with value, providing the services they need to take good care of their pets, yards, and homes when life does not allow them to do so. Pooper Scoopers’ future plans are to grow within the local area, expanding outward to other communities while adding area management services for community groups, HOAs, and businesses. At Pooper Scoopers, we endeavor to create a clean, green environment beneficial to people and animals alike. 2 SWOT and Needs Analysis In order to be successful, Pooper Scoopers needs to be aware of those factors that can impact their business, both positively and negatively. By utilizing a SWOT analysis to examine the strengths, weaknesses, opportunities, and threats that are most applicable to the business
  18. performance, Pooper Scoopers can grow. Through examination of the internal elements that can be controlled (strengths and weaknesses) and external elements that cannot be controlled (opportunities and threats), Pooper Scoopers can better understand their operational environment. Table 1 shows the Pooper Scoopers’ main SWOT elements. Table 1 SWOT Analysis Strengths • Unique service plan for minimally competitive environment • Flexible services plan availability including weekly, twice monthly and monthly plans • Expanded management plans and services for communities, HOAs and other businesses Weaknesses • Lack of local knowledge for neighborhoods and residents • New presence in service area requiring expanded efforts to reach customer base
  19. • Possible lack of experienced personnel in local environment requiring importation of employees Opportunities • Limited competition in the area allows for quicker growth in the initial phase • Ability to quickly expand into neighboring locales, communities and businesses • Ability to expand service types based on the local communities and business (such as golf courses or local parks) Threats • Increase in competition with local small businesses and / or larger national franchisees moving into area • Transient population impacts possible business growth • Financial impacts due to higher numbers of retirees and older residents with limited financial resources Note: Strengths, weaknesses, opportunities, and threats for the Pooper Scoopers Company. Strengths
  20. Companies often fail to objectively assess their strengths, neglecting to take advantage of their value to their customer base. Pooper Scoopers has many strengths that are beneficial to 3 their customer base when properly understood and applied. First, Pooper Scoopers’ presence provides customers with a comprehensive pet waste removal service provider that is unique to the area with minimal competition. Pooper Scoopers can create long lasting customer relationships with their prime market position. Secondly, the ability to cater to the customers’ needs with custom service and pricing plans allows Pooper Scoopers the flexibility to provide competitive pricing for any local competition and support for the price conscious customer. This strength allows Pooper Scoopers’ customers to recognize they are getting the best perceived value for the dollar. Lastly, the ability to provide extended services to community associations, HOAs and businesses allows
  21. for growth of the business while creating a more inviting, cleaner environment for patrons. Weaknesses Many companies see weaknesses as failures that cannot be capitalized upon. However, the reality is that a company can benefit greatly when analyzing these weaknesses and turn them into assets, benefitting themselves and the customer base. When reviewing the Pooper Scoopers’ business model, three major weaknesses have been determined. First, when creating a business, it is important that the company understands the local area that they will be doing business in by doing market research. With Pooper Scoopers opening their business in a new location, they must perform the research to be competitive and provide excellent services. Pooper Scoopers then becomes more educated and familiar with the locale and the needs of the populace. When a new business opens up anywhere, it is imperative that they reach the customer base. As a new venture, Pooper Scoopers has limited initial public exposure. In order to make the customer base aware of the business, various
  22. communications tools must be employed including a web site, social media accounts (Twitter, Facebook and other resources), and local media (TV, Radio and print). An enhanced media presence will create customer awareness, expanding the customer base. Finally, the new market may have a dearth of experienced 4 personnel, creating the need for Pooper Scoopers to hire from outside the local area or work with inexperienced individuals until they are properly trained, providing the excellent service customers expect. Opportunities Opportunities, while external to the business, can be a boon and create significant business growth. Successful companies take advantage of the opportunities as they present themselves. An immediate opportunity for Pooper Scoopers is the limited local competition. While there are small businesses in the area, none offer similar service packages. The ability to
  23. provide a variety of services and pricing allows Pooper Scoopers to meet the customers’ needs. There are a number of communities near the Myrtle Beach area. Once a beachhead is established in Myrtle Beach, the company should be able to expand outward into additional locales. With limited local competition, expansion should be easier than in a larger metropolitan area. In conjunction with the locale expansion, an additional opportunity is to add services for managing common areas for communities and HOAs or expanding services to maintain businesses where wildlife has an impact, such as golf courses. With a myriad of golf courses around the Myrtle Beach area, this opportunity is certainly worth exploring. Threats Threats are circumstances beyond the business’ control that require regular review and proactive mitigation to prevent negative business impacts. Competition is one of the largest threats companies encounter, and this is no different here. While few local businesses perform
  24. pet waste removal services, two major cities in the state support a large national company that performs similar services, potentially impacting business should they expand. By creating strong 5 customer relationships with excellent customer service and competitive pricing strategies, that threat should be mitigated to a level that the company can accept. Being a resort community, Pooper Scoopers faces a transient populace as many of the potential customers are snow birds. Similarly, the Myrtle Beach area is considered a retirement destination with retirees often having set budgets with little leeway when looking at such services. Per the Journal of Marketing Research, low -income households should have the greatest incentive to use all available strategies that save them money as they make a greater effort to search for lower prices than their higher-income counterparts (Orhun, 18). In both cases, creative pricing and service programs can meet this challenge.
  25. Conclusion Pooper Scoopers is heading to Myrtle Beach to establish their pet waste removal management business. To do so, they need to create a savvy marketing plan to jump start the business. Starting with a strong, motivational mission statement, Pooper Scoopers can then navigate through a number of short and long term goals while planning for their future success. Multiple forces impact the business including competitive, economic, political, legal, technological, and sociocultural factors. Once these forces have been analyzed, a SWOT analysis of the strengths, weaknesses, opportunities, and threats provide additional data for the business profile and model. Mission StatementSWOT and Needs AnalysisStrengthsWeaknessesOpportunitiesThreatsConclusion
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