Assessment 2 2 A) The four objectives of market plans for the future by Z Energy are:- Product price promotion and place. Product : For Z energy their main product is the fuel they sell in the market to attract its customers so it is very imortant for them to maintain the quality of the fuel they are selling so as to stay in the competitive market. The fuel they are selling should be more clean so that it improves the engine life and helps the car in running longer and should have special additives
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Strategic Planning in Marketing Preface The purpose of the strategic planning is to find ways in which the company can best use its strengths to take advantage of the opportunities in the environment. For long run survival and growth‚ companywide strategic planning is done which involves defining a company’s mission‚ setting companies goals and objectives‚ designing the business portfolio‚ planning other functional strategies. Marketing Strategies and programs operate within the broader strategic
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”Organisations that fail to plan are planning to fail”. Critically discuss this statement. The quotation “he who fails to plan is planning to fail” was originally stated by Winston Churchill‚ a politician and former Prime Minister of the United Kingdom‚ during the World War II. The Oxford dictionary generally defines plan as “a detailed proposal for doing or achieving something”. In term of management‚ planning set out an organisation’s objectives and how those objectives could be
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Capabilities Capabilities are valuable‚ rare‚ costly to imitate and non substitutable are core competencies. Core competencies are sources of competitive advantage for the firm over its rivals. A sustained competitive advantage is achieved only when the competitors cannot duplicate the benefits of a firm’s strategy or when they lack the resources to attempt imitation. Sustainable competitive advantage results only when all four criteria are satisfied. For a capability to be a core competence
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Marketing Planning Process - Introduction Author: Jim Riley Last updated: Sunday 23 September‚ 2012 Macdonald (1995) suggests that several stages have to be completed in order to arrive at a strategic marketing plan. These are summarised in the diagram below: Marketing Planning Process The extent to which each part of the above process needs to be carried out depends on the size and complexity of the business. In a small or undiversified business‚ where senior management have a strong knowledge
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D1 evaluate the effectiveness of the use of techniques in marketing products in one organisation In this section I am going to evaluate the effectiveness of Apples Marketing techniques. The IPad was launched in 2010 and has had enormous staying power in terms of keeping a lot of its popularity it is only recently it has gone downhill and is only now starting to decline. This shows the IPad is still a very popular product and as Apple has the resources to update its products and get them back to
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Conduct a detailed investigation of the organisation’s present and future information technology requirements insofar as they will impact on document production processes. Write a report in which you set out details of your findings. Include details of any information which you were not able to access but which would have assisted you to evaluate the organisation’s present and future information technology capability. Overview The organization that I’m currently based at comprises of two separate
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Evaluate the effectiveness of the use of techniques used in marketing products in one organisation. When a business creates a new product they must carefully consider possible techniques to advertise and market this product to the public. The more that the techniques are carefully planned; the more likely it is that the product will receive more recognition and do better overall. Techniques and effectiveness of Nike’s marketing. Nike put an intense amount of dedication and seriousness into
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Marketing Audits and its importance to an organisation As of I am starting to write this essay‚ an historic and astonishing incident happened in US—Standard & Poors first time downgraded American Federal Bonds form AAA to AA+. Look at the messed up world economic picture--US is suffering from recession without any better signs‚ Europe is struggling with debt crisis‚ only growth engine China is also slowing
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Report on market planning Whilst making marketing decisions a business must decide their method of marketing. This will then be the way in which all future marketing activities will be planned. This is marketing planning. It has a huge number of benefits for any business. It’s influenced by the strategic plans of the business and its corporate objectives. Large public limited companies such as Nestle will usually have an overall plan for the business and has set objectives which they’re able to
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