Sources: Pride, W. M., Elliott, G., Rundle-Thiele, S. Waller, D., Paladino, A. & Ferrell, O. C. (2007).
Marketing: core concepts and applications (2nd Asia-pacific edition).
Milton, Qld: John Wiley & Sons Australia, Ltd. (Text used in Marketing Fundamentals BU1008)
These worksheets are designed to assist you in writing a formal marketing plan. By answering the questions on these worksheets, you will be able to organize the information you collect about a company or organization. In addition, these worksheets will help ensure that you do not leave out important information or parts of the marketing plan. Note also that these worksheets are meant to be a flexible guide that can be adapted to the unique requirements of a specific marketing plan. A sample marketing plan can be found in Appendix 1, Pride et., 2007, p. 475, Since there is no one best way to organize a marketing plan, this outline should serve as a starting point. Your instructor may provide you with a different format or ask that you include additional information not contained in this outline. These worksheets are flexible enough to accommodate any changes your instructor might make.
Marketing Plan Worksheets
I. Executive Summary
The executive summary is a synopsis of the overall marketing plan. The executive summary is easier to write if you do t last after you have written the entire marketing plan.
II. Situation Analysis
A. The Marketing Environment
1. Competitive Forces
Who are our major competitors as of today? What are their strengths and weaknesses?
Who is likely to be our major competitors in the future?
What response can we expect from our competition if we change our marketing mix?
How does the structure of the industry affect competitive forces in the industry?
2. Economic Forces
What is the general economic condition of the country, state, city, or local area? Are our consumers optimistic or pessimistic about the economy?
What is the buying power of consumers in our target market(s)?
What are the current spending patterns of consumers in our target market(s)? Are consumers buying less or more of our product and why?
3. Political Forces
Have recent elections changed the political landscape? What type of industry controls do our newly elected favorcians favor?
What is our company doing currently to maintain good relations with elected political officials? Have these activities been effective? Why or why not?
4. Legal and Regulatory Forces
What changes in federal, state, or local regulations regulation are being proposed that would affect the way we operate?
5. Technological Forces
What impact has changing technology had on our target market(s)?
What technological changes will affect the way we operate or manufacture our products?
What technological changes will affect the way we conduct marketing activities? d)Do any technological advances threaten to make our product(s) obsolete?
6. Sociocultural Forces
How are society’s demographics and values changing? What effect will these changes have on our operations?
What is society's general attitude about our industry, company, and product(s)?
What consumer or environmental groups could intervene in the operations of our industry or company?
What are the current needs of our target market(s)?
How well are our current product offerings meeting these needs?
How well are our competitors’ offerings meetings these needs? d)How are the needs of our target market(s) expected to change shortly target? What about changes in the distant future?
V. Marketing Strategies
A. Target Market(s)
1. Target Market 1
Specific description of the target market in terms of demographic, geographic, psychographic, and product-usage characteristics
Justification for the selection of this target market
Competitors that also serve this target market
2. Target Market 2
Specific description of the target market in terms of demographic, geographic, psychographic, and product-usage characteristics
Justification for the selection of this target market
Competitors that also serve this target market
B. Marketing Mix 1
Marketing Mix 1 (to meet the needs of the target market 1)
Product strategies
Pricing strategies
Distribution strategies
Promotion strategies
How does this marketing mix give us a competitive advantage in target market 1?
Is this competitive advantage sustainable? Why or why not?
2. Marketing Mix 2 (to meet the needs of the target market 2)
Product strategies
Pricing strategies
Distribution strategies
Promotion strategies
How does this marketing mix give us a competitive advantage in target market 2?
Is this competitive advantage sustainable? Why or why not?
VI. Marketing Implementation and Control
A. Marketing Organization
1. How will the marketing unit be organized: by functions, products, regions, or types of customers? Why?
2. Where will decision-making authority rest within the marketing unit? Will frontline employees and managers be empowered to make decisions? If yes, how will the organization ensure that employees make the right decisions?
B. Activities, Responsibility, and Timetable for Completion
1. Product Activities
a) Activity 1
Person responsible ____________________________________________
Target completion date _________________________________________
b) Activity 2
Person responsible ____________________________________________
Target completion date _________________________________________
c) Activity 3
Person responsible ____________________________________________
Target completion date ________________________________________
2. Pricing Activities
a) Activity 1
Person responsible ____________________________________________
Target completion date _________________________________________
b) Activity 2
Person responsible ____________________________________________
Target completion date _________________________________________
c) Activity 3
Person responsible ____________________________________________
Target completion date ________________________________________
3. Distribution Activities
a) Activity 1
Person responsible ____________________________________________
Target completion date ________________________________________
b) Activity 2
Person responsible ____________________________________________
Target completion date ________________________________________
c) Activity 3
Person responsible ____________________________________________
Target completion date _________________________________________
4. Promotion Activities
a) Activity 1
Person responsible ____________________________________________
Target completion date ________________________________________
b) Activity 2
Person responsible ____________________________________________
Target completion date _________________________________________
c) Activity 3
Person responsible ____________________________________________
Target completion date _________________________________________
5. How can the organization ensure that employees are motivated to implement these marketing activities?
6. How can the organization ensure that all marketing activities are coordinated with other functional areas within the firm?
C. Performance Standards and Financial Controls
1. Product Activities
a) Activity 1
Budget
Performance standard ____________________________________________________________
Possible corrective action __________________________________________________________
b) Activity 2
Budget
Performance standard ____________________________________________________________
Possible corrective action __________________________________________________________
c) Activity 3
Budget
Performance standard ____________________________________________________________
Possible corrective action __________________________________________________________
2. Pricing Activities
a) Activity 1
Budget
Performance standard ____________________________________________________________
Possible corrective action __________________________________________________________
b) Activity 2
Budget
Performance standard ____________________________________________________________
Possible corrective action __________________________________________________________
c) Activity 3
Budget
Performance standard ___________________________________________________________
Possible corrective action _________________________________________________________
3. Distribution Activities
a) Activity 1
Budget
Performance standard ____________________________________________________________
Possible corrective action __________________________________________________________
b) Activity 2
Budget
Performance standard ____________________________________________________________
Possible corrective action __________________________________________________________
c) Activity 3
Budget
Performance standard ____________________________________________________________
Possible corrective action __________________________________________________________
4. Promotion Activities
a) Activity 1
Budget
Performance standard ____________________________________________________________
Possible corrective action __________________________________________________________
b) Activity 2
Budget
Performance standard ____________________________________________________________
Possible corrective action __________________________________________________________
c) Activity 3
Budget
Performance standard ____________________________________________________________
Possible corrective action __________________________________________________________
D. Evaluation and Monitoring Procedures
How will all marketing activities be monitored to ensure success?
Will a formal marketing audit be performed? If so, what will be the scope of the audit?
Will specialized audits be performed? If so, which marketing functions will be analyzed? (Reprinted by permission of Michael D. Hartline.
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Marketing Plan Work Sheet. (2017, Sep 25).
Retrieved October 14, 2024 , from https://studydriver.com/marketing-plan-work-sheet/
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