Question: Develop and implement a marketing strate gy for a new business venture and include activities in the digital environment. Your plan must include how you
Develop and implement a marketing strate
gy for a new business
venture and
include activities in the digital environment.
Your plan must include how you will:
a)
undertake product/ service analysis
b)
undertake market research
c)
determine the most appropriate marketing mix
d)
ensure that the goals and objectives of the marketing plan are in line with the overall
business
goals
e)
Identify
activities in the digital environment
to be use, including:
Identify digital and online marketing tools t
obe
use
d
Identify suitable hardware and digital devices to
be
use
d
Identify and use various social media platforms
to be used
.
Identify relevant marketing software that could be used
f)
establish the most appropriate distribution channel
g)
ensure that marketing plans are within your resource capabilities
h)
ensure all stakeholders are aware of the role they play in the execution of the plans
i)
manage the implementation of the plans effectively
j)
monitor the marketing activities
k)
analyse actual performance against the plan
l)
involve your stakeholders in ongoing evaluation of the plan
m)
capture the reaction of your customers
n)
identify opportunities for change and improvement
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