Marketing

Formulating the Marketing Plan – Building Components (A_S3M4)


Description
COURSE DESCRIPTION:
This module develops high-level mastery in marketing skills and professional conduct required for market planning in diverse marketing contexts using: Segmentation, Value Proposition and Target Market; Product Life Cycle and Product Strategy; Segmentation and Targeting; Positioning Market Offering; Pricing Products for the Market; Channels and Distribution; Promotion and Brand Advertising; Direct Marketing; Business Development and Customer Relationship Marketing (CRM).

BACKGROUND:
This section focuses on formulating the marketing plan.

The section includes:
• Segmentation, Value Proposition and Target Market
• Product Life Cycle and building a product strategy
• Segmentation and targeting– Geography, Consumer Behaviour and Cultures
• Positioning your market offering
• Pricing your product for the market
• Channels and Distribution
• Promotion and Brand Advertising
• Business development and Customer relationship marketing (CRM)

Each of these functions are essential to formulating an effective marketing plan. The marketing mix has many acronyms but the 4 P’s and extended marketing mix 7 P’s seem to be the most common. In recent times, marketing has evolved these functions have evolved to include digital marketing and channels and customer relationship management.

LEARNING OUTCOMES:
Upon the completion of this module, users will be able to:
• Critically evaluate and synthesize information to demonstrate research skills, and initiative in designing competitive positioning, branding and marketing strategies for real world events.

TIME: Up to 2 Hours

OTHER INFORMATION:
• No prerequisites.
• No materials distributed.
• No formal assessments required.
Content
  • S3. Marketing - Lecture 4 - Formulating the Marketing Plan – Building Components
  • S3. Marketing - Course Linkage Map
  • S3. Marketing - Course Linkage Table
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: Forever