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Marketing plan outline
Marketing plan outline
Marketing plan outline
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Strategic Direction
The strategic direction for KitRex, as well as Architrep, LLC is extracted from the data and analysis that went into developing the previous sections of this document. This section will address a the client’s objectives, as well as the proposed solutions for KitRex and Architrep today and in the future.
Marketing Plan
The social media, communication and marketing plan oultined below is an integrated marketing communcation strategy that is based problem solving and creating an impact-driven plan, that is focused, and fact-based. Based on perceived hypotheses, or initial ideas supported with facts about what the answer might be, allowed for effective analysis of the KitRex plan. The marketing plan for KitRex’s future
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was developed based six primary components – identifying goals, reflecting, developing campaign theme, telling your story, assigning responsibilities, and tracking your results. As a result of these components the following plan addresses marketing, communication, social media, distribution channels, and organizational structure change. “6-STEP BLUEPRINT TO EXCEEDING YOUR GOALS” (ACT-ON, 2016) This guide provides a six step outline for KitRex to establish a high performance marketing plan, which is goal-oriented, reflective, consistent, and measurable.
Identifying and Creating Goals
In this phase it is imperative for the organization to develop high performance goals. The goals identified and established should help the organization achieve key objectives. As goals are set, any organization should develop tiered goal of expectations. The established levels of the three tiered goals are as follows:
Key Performance Indicator- This goal is an organizations establishment of its benchmark goals. This part of the tiered goal strategy should be goals that are not very difficult for any organization to meet.
Stretch Goal- This next tier within the goal setting strategy is still a goal that is identified as achievalbe; however, it is ambitious. This level of goal establishment will usually require significant effort.
Dream Goal- The final tier of goals within an organization is setting lofty and ambitious goals for individuals and/or an organization. Although the goals are lofty they remain acheivable.
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Reflecting Reflection is the cornerstone for improvement.
With that being said, before any organization can move forward in the developing of communication plans or developing social media tactics for the next campaign, it is imperative that the organization takes time to review and reflect and ask, what’s worked, what didn’t work, and why. Were there critical factors that aided in the successes? Were there factor that served as prohibitory to previous strategies? For any organization to continue with effective development of marketing and communication programs it must be certain to review its programs based on the receiver’s perception, too. By maintaining a customer –centric approach it reminds planners that messages are about the receiver, not the messenger.
Developing Campaing Theme
For any organization to have a successful marketing, communication and social media campaingn it must stand out, not only from direct competitors, but other messages and “noise”, which may distract the received. Most campaingn themes that have the most impact are simple. According to Act-On, “all effective campaingn themes are: 1.) Based on buyer pain points and needs. Not your product features and benefits; 2.)Simple to understand; 3.) Relevant during all stages of the buyer’s journey; and 4.) Enduring enough to stand the test of time” (ACT-ON, 2016).
Telling Your
Story In this phase, ideas become actionable items for an organization. Figure 2. Identifes ideas that Act-On had found effective and successful. Assigning Responsibilty In this phase, “high performance marketing plans take care to assign responsibilties early, and hold contributors accountable, in order to to make sure plans turn into action. This step is all about creating a clear, action-oriented task list that adresses three key questions (ACT-ON, 2016). Who- In this phase, the plan should identify, which individuals are completeing specific tasks. When assigning responsibilties, it is important to include creators and reviewers. What- It should be noted, that when assigning responsibitiy it is important that individuals have an understanding of the overall plan and strategies; therefore, providing a campaign title or specific elements may assist in completeing responsibilties. When- Any assigment of tasks shoud include key dates for the campaign and plan. Tracking Your Results According to Act-On, “a high performance marketing plan includes a process for the careful tracking of key metrics, so that programs can be optimized and exectives can clearly see their value” (ACT-ON, 2016). An organization may want to review their results periodically, this may include during a promotion, after a kickstarter campaingn, monthly, quarterly, or annually. By reviewing results consistently, it keeps the organizations eye on the assigned goals, while it strives for improvement regularly.
The proliferation of social media helps customers become more empowered and engaged in their brand interactions, while also providing them with new tools in their search, evaluation, choice and purchases of marketing offerings” (Vinerean, 2017). Therefore, it is essential that the former Genaflek employees enhance their skill set to include social media marketing tactics. They have been using more traditional marketing methods such as paper and television ads, focus groups, and press releases. RPZ will invest in an ongoing continuing education program. The program will allow employees to gain and retain the skills to become competitive in today’s market using social media concepts. RPZ will also hire a social media professional, as a consultant, who would be able to start the educational process and the continuing education program. Employees will participate in online courses to sharpen and stay on top of interpersonal, marketing and online skills. Frank Kasimov, of BusinessLenderMatch.com, says, “You can build on the traditional way of marketing and greatly increase your customer base and your company’s bottom line.” The former Genaflek employees would also have a vital role in training. They will introduce the former RPZ Social Media Analytics and new employees to systems and approaches used in traditional
Social media is at the core of many marketing plans for corporations in the United States and world-wide. One of these companies at the forefront of social media use is Wells Fargo Bank, N.A. (Wells Fargo). The ability to directly contact customers and potential customers in a real time online environment is crucial to the bank / customer conversation and reinforcing the company’s place in a customer’s mind as the entity that they want to do business with (Wells Fargo Bank, 2014). This case study will discuss the current status of Wells Fargo’s use of social media as a means to building their customer base. Additionally, historical information on the process of the marketing move to social media will be presented and the development of the roles that are involved in this marketing strategy will be discussed. The impacts to the public sphere and society at large will play into the discourse of the social media topic and finally, the underlying theories will be discussed as they pertain to Wells Fargo and social media.
Envisioning goals: Focus on the right direction to help the group manage the organization in both long term and short term goals.
The development and complete integration of the internet into everyday life has changed the modern perception of communication which, as a result, has changed the playing field for public relations practitioners everywhere. Social media opens new doors into the world of communicating and is undeniably useful for “anticipating, analyzing and interpreting public opinion, attitudes and issues that might impact, for good or ill, the operations and plans of the organization” (Horton, 2011). Through the successful creation of social media campaigns, an organization has the opportunity to create a positive public image, relationship, and lasting online presence that will benef...
The set goals should also be those that are favourable to the workers, as well as the management team as a whole. This is to ensure that they can be met easily without much difficulties involved.
· Use of social media for promotion- word of mouth and social media help to get the message across and promote the product efficiently
When the author explains his thought on planning social media marketing strategies, he refers to boxing competitions. Before the competition, boxers need to understand their own strengths and weaknesses and also understand their
The basic premises of the goal-setting theory is the relationship between how difficult and specific a goal is and people’s performance. We live in a goal-oriented society as people usually adhere to specific targets with a plan of action for guidance. Lack of accomplishment of goals leads to job dissatisfaction. Locke’s Goal-Setting Theory from 1968 has been a powerful way of motivating people and is often utilized in whole organizations to increase focus and productivity. The more specific and difficult goals are designed the more likely staff can achieve these goals as opposed to being too vague or easy goals. An organization should consider the five following principles of goal setting: clarity, goal difficulty, goal acceptance, goal specificity and feedback. Organizations that set clear and challenging goals and are open to honest feedback have a greater chance of achieving goals. According to Locke and Latham (2002), goal setting can be useful in predicting job satisfaction. Job satisfaction is an important attribute for employee productivity and commitment to the
The increasing process of globalization, coupled with an organization seeking to satisfy the needs of consumers globally, contributes significantly in embracing technology in the marketing process. In addition the marketing strategies are inclined towards reaching not only the targeted segment, but also potential customer that can be captured based on the market forecast of the firm. Therefore, integrating various tools of communication as well as platform of reaching out to a wide range of audience has been embraced by corporate globally. Notably, effective communication is vital in the marketing process (Percy, 2008). On the other hand, reaching out to a wide range of customers or audience in the advertising process in significant important. From this perspective organization can utilize both effective communication and a contemporary platform to reach to a wide range of
Today’s business environment is highly dynamic and competitive. In order to become successful, companies must use advanced marketing techniques and branding strategies. The significance of Integrated Marketing Communication (IMC) is therefore, very critical. IMC sends out a single message through different media vehicles, which helps the company to target a wide variety of audience. According to Gerber (2008), Integrated Marketing Communication is the process of using a combination of different types of marketing communication to send the same message to consumers. The following report lays an IMC plan for N...
Social media is about creating a personal connection and building relationships through conversations. Using social media as another avenue to constantly broadcast sales messages in a one-way fashion, Twelve Cupcakes is missing out on the benefits of true engagement. In addition, customers expect fast customer service on social media. Twelve Cupcakes lack of response to customers concerns, questions and problems on their social media channels has resulting in unhappy target publics who feels disregarded by the organization. Inefficient use of social media would gradually ruin the brand’s
...rketing plan that will form the basis of all your marketing activities. Today, there are literally dozens of ways you can communicate your
When establishing goals, leaders must impart a notable strategy to succeed and delineate their motive and core values in essence that is notable and attainable. A powerful vision summons and encourages people to situate their vitality in a common ground. By establishing goals, the organization will expand its capability to fulfill goals, construct employee’s reliance and confidence, ameliorate team’s connection and increase all-inclusive fulfillment and gratification. Creating a vision can be a venture or a challenge, however following the six steps Clark (2014) mentioned – “vision, goals, objectives, tasks, timeless and follow up” can be justly straightforward.
Performance management is a great tool for both the employee as well as the organization. For the employee, it gives the employee a clear picture of his areas of improvement and helps him improve and grow. From the organization’s perspective, it lets them understand the potential they have in their employees and how to realize them. It helps them to analyze who are worthy of being held onto and whom to let go so that the organization grows. In all, an effective tool, if used in the correct manner by all the parties involved.