Analyze the current and future situation

Assignment Help Marketing Management

Reference no: EM133199409

Assignment: Marketing Management

Textbook: Ferrell, O. C., & Hartline, M. D. (2014). Marketing strategy: Text and cases (7th ed.). Mason, OH: South-Western/Cengage Learning.

Review the framework for analyzing the internal and external environments (SWOT) in chapter 4 of your textbook.

1. Select a well-known product and then discuss each of the analysis factors as it relates to the product you selected.

2. Using the results of the SWOT analysis, provide suggestions for developing competitive advantage and strategic focus.

Task

Choose an organization to use as your focus for answering the following questions. This organization may be the organization for which you work. If you choose a different organization, be certain to choose one that has published information needed to answer the questions.

A. Mission statements guide an organization's decisions and strategic plans. Locate an organization's mission statement. Evaluate the effectiveness of the organization's mission statement. What changes would you propose the organization make to the mission statement?

B. Marketing plans propose a marketing strategy that details the chosen marketing mix (product, place, price, and promotion). Distinguish the specific elements of the organization's marketing mix and evaluate the extent to which the strategy reflected in these elements is aligned with the organization's mission statement. What recommendations would you make to better align the organization's marketing strategy with its mission?

C. Analyze the current and future situation with respect to the organization's target market using the 5W Model for Customer Analysis.

D. Examine the organization's external environment and make inferences as to the impact these external factors may have on the organization's current and future marketing planning.

E. Identify the organization's competitive advantage. Is the competitive advantage durable and valuable? Defend or critique the organization's competitive advantage based upon your earlier analyses.

Reference no: EM133199409

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