Business Marketing Plans

Business Marketing Plans-13
Acquiring marketing share, increasing customer awareness, and building a favorable business image are some of the objectives that can be related to marketing planning.The marketing plan also helps layout the necessary budget and resources needed to achieve the goals stated in the marketing plan.The assigned roles allows companies to keep track of their milestones and communicate with the teams during the implementation process.

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It also lets the marketing team to observe and study the environment that they are operating in.

Though it's not clear, behind the corporate objectives, which in themselves offer the main context for the marketing plan, will lie the "corporate mission," in turn provides the context for these corporate objectives.

On the other hand, it should not be too wide or it will become meaningless; "We want to make a profit" is not too helpful in developing specific plans.

Jacob Zimmerem suggested that the definition should cover three dimensions: "customer groups" to be served, "customer needs" to be served, and "technologies" to be used.

This "corporate mission" can be thought of as a definition of what the organization is, or what it does: "Our business is ...".

This definition should not be too narrow, or it will constrict the development of the organization; a too rigorous concentration on the view that "We are in the business of making meat-scales," as IBM was during the early 1900s, might have limited its subsequent development into other areas.

The marketing plan is a general responsibility from company leaders and the marketing staff to take the company in a specific direction.

After the strategies are laid out and the tasks are developed, each task is assigned to a person or a team for implementation.

It describes business activities involved in accomplishing specific marketing objectives within a set time frame.

A marketing plan also includes a description of the current marketing position of a business, a discussion of the target market and a description of the marketing mix that a business will use to achieve their marketing goals.

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