I would like to understand the marketing plan and its parts better. Sometimes the mission statement and the executive summary seem too similar. What is the contingency plan?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter9: The Strategic Management Process: Achieving And Sustaining Competitive Advantage
Section: Chapter Questions
Problem 6CRQ: Why are good goals important to the planning process?
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I would like to understand the marketing plan and its parts better. Sometimes the mission statement and the executive summary seem too similar. What is the contingency plan?

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INTRODUCTION:-

A marketing plan is an operating documentation that details an institution's marketing approach for generating leads and reaching its consumer base. A advertising strategy outlines the communication and public relations activities that will be implemented over time, as well as how the organisation will measure the impact of these activities. The following are some of the purposes and elements of a marketing plan:

  • Prices and prospective market entry choices are aided by consumer research.
  • Messages tailored to specific populations and geographical locations
  • Television, music, the Website, industry publications, and a combination of those media for each campaign—platform selection for customer experience marketing
  • Statistics for assessing the effectiveness of advertising campaigns, as well as their report schedules

A advertising strategy is the foundation of a marketing plan.

 

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