Marketing
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Boundless Marketing
Marketing Strategies and Planning
Marketing Textbooks Boundless Marketing Marketing Strategies and Planning
Marketing Textbooks Boundless Marketing
Marketing Textbooks
Marketing

Section 5

Steps to Creating a Marketing Plan

Book Version 3
By Boundless
Boundless Marketing
Marketing
by Boundless
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7 concepts
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Defining the Vision

An organizational vision should be made up of two fundamental components: a core ideology and an envisioned future.

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Defining the Business Mission

When defining a mission statement, remember that a mission statement answers the question, "Why do we exist? ".

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Conducting a Situational Analysis

Managers can use various methods of analysis to understand the firm's own capabilities, customers, and business environment.

Defining the Marketing Objectives

The marketing objectives must be based on the company's financial objectives.

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Defining the Target Market

There are five steps you can follow to define your target market and become positioned to reach your potential customers.

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Creating a Marketing Mix

By profiling customers and determining goals and tactics, you can create a marketing mix that will help you succeed in building a strong customer base.

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Managing Strategy

To ensure that the marketing programs reach the objectives, marketers must focus on how to best implement the chosen strategy.

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