Provide a detailed description of your IMC approach and the corresponding promotion strategy necessary to send your message to your target market.
Not what you're looking for?
The final component of the Strategic Marketing Plan is the Marketing Mix. The Marketing Mix is the set of decisions about price, communications and promotion, product policy, channels of distribution, and customer relationship management. Only by addressing these elements can you actually implement your marketing strategy. Focus only on communications and promotion, following an integrated marketing communications (IMC) approach. Such an approach delivers a clear and consistent message to your consumers.
1. Provide a detailed description of your IMC approach and the corresponding promotion strategy necessary to send your message to your target market. (For example, the elements of the promotion strategy include: advertising, personal selling, public relations, direct marketing, and sales promotion) and how you use them to communicate with your target segment.
2. Explain your rationale for choosing these specific elements.
3. Describe the message you wish to communicate based on your core strategy and explain your rationale for the message.
4. Develop a strategy to measure the effectiveness of the IMC. How has the internet played any role in how you developed your marketing approach?
5. State your core strategy (which includes the Value Proposition and Product Positioning).
----------------
I need a little help with these questions an example/direction of how to go about it. My product is listed below.
IDEA:
The idea which I will be presenting at the conference will be about a new startup which plans to manufacture and distribute portable and mobile baby changing tables that can conveniently be installed in your vehicles such as SUV's. The main benefit of this product is that it helps the parents of newly born and very small kids to conveniently change diapers while being outside their homes such as in markets and other public areas. It avoids the need to use unhygienic public restrooms and the inconvenience to wait outside such busy public restrooms. I plan to target parents of newly born and small kids throughout the United States who usually spend lots of time with their kids outside their homes and are looking for solutions to better manage this problem.
I plan to market and distribute this product via a set of online as well as traditional methods of marketing as distribution.
Purchase this Solution
Solution Summary
You will find the answer to this puzzling assignment inside...
Solution Preview
Item: Pentax PocketJet 3 with Bluetooth
The final component of the Strategic Marketing Plan is the Marketing Mix. The Marketing Mix is the set of decisions about price, communications and promotion, product policy, channels of distribution, and customer relationship management. Only by addressing these elements can you actually implement your marketing strategy. You will focus on communications and promotion, following an integrated marketing communications (IMC) approach. Such an approach delivers a clear and consistent message to your consumers.
Provide a detailed description of your IMC approach and the corresponding promotion strategy necessary to send your message to your target market. (For example, the elements of the promotion strategy include: advertising, personal selling, public relations, direct marketing, and sales promotion) and how you would use them to communicate with your target segment.
Explain your rationale for choosing these specific elements.
Describe the message you wish to communicate based on your core strategy and explain your rationale for the message.
Develop a strategy to measure the effectiveness of the IMC.
Has the internet played any role in how you developed your marketing approach? Why or why not?
ABOUT THE PRODUCT
Pentax has introduced a new Bluetooth capable device called the Pentax PocketJet 3. This is a portable printer product with optional Bluetooth wireless connectivity which means one will be able to send documents for printing over Bluetooth from portable devices such as laptops, and PDAs, and even mobile phones.
The printer measures 10.04 inches wide and weighs less than one pound. Bluetooth is an optional add on to the printer which would allow remote devices the ability to print wireless to this printer.
It has got following features:
# USB and IrDA support
# High powered, long lasting battery
# User friendly indicator lights
STRATEGIC MARKETING PLAN
MEANING OF MARKETING PLAN
A Marketing Plan is a written document that details the actions necessary to achieve a specified marketing objective(s). It can be for a product or service, a brand, or a product line. It can cover one year (referred to as an annual marketing plan), or cover up to 5 years. A marketing plan may be part of an overall business plan. Solid marketing strategy is the foundation of a well-written marketing plan. While a marketing plan contains a list of actions, a marketing plan without a sound strategic foundation is of little use.
In general terms, it must:
* Describe and explain the current situation
* Specify the expected results (objectives)
* Identify the resources that will be needed (including financing, time, and skills)
* Describe the actions that will need to be taken to achieve the objective(s)
* Devise a method of monitoring results and adjusting the plan where necessary
A sound marketing plan is key to the success of your business. It should include your market research, your location, the customer group you have targeted, your competition, positioning, the product or service you are selling, pricing, advertising, and promotion.
Effective marketing, planning and promotion begins with current information about the marketplace. Visit your local library, talk to customers, study the advertising of other businesses in your community, and consult with any relevant industry associations. This interactive tool will help you assess your marketing strengths and weaknesses.
There are many ways to develop and format a marketing plan .The approach can be:
1. Purpose and Mission
2. Situational Analysis
3. Strategies and Objectives
4. Tactical Marketing Programs
5. Budgeting, Performance Analysis and Implementation
6. Additional Considerations
MARKETING MIX
It is an important component of strategic marketing plan. The marketing mix approach to marketing is one model of creating and implementing marketing strategies. It stresses the "mixing" of various decision factors in such a way that both organizational and consumer objectives are attained. The most common variables used in constructing a marketing mix are price, promotion, product and distribution (also called placement).
Product: Defines the ...
Purchase this Solution
Free BrainMass Quizzes
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Motivation
This tests some key elements of major motivation theories.