Question: Start with a situational / SWOT analysis, by labeling the different strengths, weaknesses, opportunities, and threats faced by this business venture with regard to the
Start with a situationalSWOT analysis, by labeling the different strengths, weaknesses, opportunities, and threats faced by this business venture with regard to the sports calendar offering that you are working on Typically, strengths & weaknesses are factors internal to the firm, while opportunities & threats are factors posed by the external environment.
Then, proceed toward doing the Market Segmentation and Targeting for this sports calendar offering. Explain the manner in which you have segmented the market, by explicating the variables you have used for segmentation, as shown by the research in the case itself. This determines which of the segments will constitute your prospective target market for the calendar.
Now, you enter the phase of designing the marketing strategy for this business. The task calls for setting and implementing the suitable combination of your marketing mix elements Ps to target your prospective market, as follows:
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
