Highlights
Task 1
Task 2
For the organization that you have selected you must identify opportunities of growth within the market. Ensure that your evidence includes real time data from the idenfitied organization and market. The data used may include, but is not limited to, economical data, statistical data, retail sales analytics, behavioural analytics etc. (LO_3.1) You must then use the opportunites of growth identified in LO_3.1 and plan how marketing strategy options in the market can be used. In order to meet this criteria you must first show that you understand the importance of marketing strategy options by making reference to a number of models and strategies suggested by different authors and then apply them to the organizational context you have chosen (LO_3.2). Finally, you must create appropriate strategic marketing objectives for your organization. The strategic marketing objectives must follow logically from the research you would have had prepared in the previous Learning outcomes. To ensure that your marketing objectives are comprehensive you may refer to the seven marketing P’s, e-marketing strategy, customer relationship management and other relevant strategies (LO_3.3)
Task 3
Rises in consumer expectations, developments in technology and globalization are some of the many external factors which may affect your marketing strategy. In the next section, you need to discuss the impact of changes in the external environment on your chosen marketing strategy (LO_4.1). Furthermore, conduct an internal analysis to identitfy the current strengths and weaknesses in your marketing strategy. Consider how your marketing strategy links to corporate strategy, its position within the e-market, the speed and ability to develop/customise products, and its link to budget, monitoring and control mechanisms. (LO_4.2) Finally, propose strategic marketing responses to key emerging themes, on both a national and international level, in the marketing strategy. To do this you may, apply your understanding of socioeconomic changes as well as the strengths and weaknesses of competitors to emerging themes in the purposed marketing strategy. (LO_4.3)
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