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Marketing plan -- Situation analysis. ... There are two major reasons to explain why
situation analysis plays a vital role in developing marketing plan. ...
... Thus, no matter what the purpose of a marketing plan is, situation analysis is crucial
to provide an overall understanding of existing competitive position ...
Situation Analysis in Marketing Plan. Introduction Under ... beers. Conclusion Situation
analysis is an essential step in marketing plan. Also ...
... Situation Background (Step 1) Harrison-Keyes, Inc. ... for his unit.” So a clear plan
is needed ... Finally marketing has not generated sufficient excitement to meet ...
... Situation Analysis of Hilton Hotels? ... An effective Marketing plan is one that is flexible
while meeting the needs of the demand, market and is pleasing the ...
Submitted by ritamao on April 26, 2008
Category: Business
Words: 1566 | Pages: 7
Views: 811
Popularity Rank: 8,133
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The role of situation analysis in marketing plan
Facing to more complex business environment, systematically marketing plans are important to organizations in terms of maintaining a high level of operating efficiency and achieving goals fully. According to Sally and John (1996:3), marketing plans are “the written document or blueprint for implementing and controlling an organization’s marketing activities related to a particular marketing strategy” (Sally, D., Lyndon S., & John, B., 1996: 3). A successful marketing plan is able to improve organizations’ profits and growth, uses in objective setting and monitors results (Subash Jain, Michael D. Clemes, Gregory Brush, 2008: 5)
In order to gain a successfully marketing plan, it is important to marketing decision makers to understand the current situation comprehensively and trends affecting the future of the organization. There are two major reasons to explain why situation analysis plays a vital role in developing marketing plan.
Firstly, dynamic marketing environment will lead to uncertainty, threats and opportunities for marketers. Marketing managers who success to know changes in environment through situation analysis can lead their companies to capitalize on opportunities and cope with threats created by changes.
Then, systematically analyzing situational environments is a crucial way for organizations to identify their customers and understand their needs. As Peter(1998: 23) said, “The successes of any marketing plan hinges on how well it can identify customer needs and organize its resources to satisfy them profitably” (J. Paul Peter, James H. Donnelly, JR, 1998)
Here is an example about Brumby’s to adapt to the marketing environment. Since Australians are looking to alter their lifestyles and are conscious about what they eat, Brumby’s has now launched a low-carbohydrate white bread and emphasizes that its bread is preservative free to respond to these...
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