Marketing Homework help

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Developing and Implementing a Marketing Plan Project

To complete this project first you need to review the attached company case file. Then Read step 4 and research all the questions asked in step 4 to get some ideas but do not write the 3 page situation analysis. After that Jump to Step 5 and do ONLY the Pestel analysis part and write about 2 and half pages doing Pestel Analysis considering all the things you have researched in step 4.

Step 4: Prepare a Situation Analysis Report

Subject:  Company Case File & Questions to Consider From:      Jillian Best, CEO, MCS To:          Team Hi again. I wanted to provide you with the company case file and some pertinent questions for you to consider while you work on your B2B marketing plan.

As part of the preparation necessary to complete your business-to-business marketing plan, you and your team will need to do in-depth research on your client's company, including its operations, global reach, and range of offerings.

By the end of Week 8, I need you to produce a situation analysis report explaining your team's findings on the company. Be sure to include a value proposition, essentially the promise that is made to the customer, explaining the reason a customer purchases a product or uses a service (i.e., the value that a company delivers to its customers).

Start by reading the attached case file and be sure to consider the following questions while you do additional research:

· Where is the company headquartered?

· What are the company's major products and/or services?

· What is the company's annual revenue in dollars, and what is its annual production in units?

· Does the company own its own facilities or does it subcontract manufacturing to others?

· Who are the company's major suppliers of raw materials or parts, and where are they located?

· What is the distribution of the company's workforce by country?

· How does the company differentiate its offering in its highly competitive markets?

· Does the company have exclusive marketing or distribution agreements or partnerships?

· Who are the company's major global and US customers?

· What benefits does the company offer to its customers?

· Who are the company's major global and US competitors?

When developing your situation analysis, you should also understand the importance of vision and mission statements and then research the company's own vision and mission statements.

Write a three-page document detailing the main findings of your research about your client, including its mission and vision statement. This document will ultimately form part of your situation analysis report.

That's it for now, Jillian

In the next step, you will complete your situation analysis by conducting an environmental scan that takes a comprehensive look at the many factors that you need to consider, exploit, or defend against in your marketing plan. This situation analysis will be incorporated into your B2B marketing plan later in this project, along with deliverables from the upcoming steps. 

Step 5: Conduct an Environmental Scan

As a member of the business development team for this project, you use quantitative and qualitative market information to make important decisions and set the direction of the marketing plan. As you continue to work on your situation analysis report, your team will use the following tools to conduct an environmental scan, the foundation on which a solid marketing plan is built.

Tools for Environmental Scan

Company-Specific Analysis (internal)

· SWOT analysis—A SWOT analysis is a planning and brainstorming tool that helps a company evaluate its projects and formulate its business plans. SWOT stands for strengths, weaknesses, opportunities, and threats. You will use this tool to identify and analyze the company's internal strengths and weaknesses as well as its external opportunities and threats. The results of this analysis may help the company improve its business or forecast how a new product or service will perform (Harmon, 2016).

Industry, Market, and Customer Analysis (external)

· PESTEL analysis—A PESTEL analysis (sometimes called PEST analysis) enables the company to identify, analyze, and monitor the political, economic, social, technological, legal (including regulatory), and environmental factors that may affect its operations (Frue, 2017).

· Porter's five forces analysis—Porter's five forces analysis is a framework that can help the company understand the competitive forces at play in its industry. These forces may influence how economic value is divided among the company's competitors in the industry (Porter, 2008).