Reference no: EM133202983 , Length: Wrod Count: 2000 words.
Assignment: H & M Market Plan Essay
Intro: Prepare a marketing plan for H&M clothing as they enter the new foreign emerging market of Cambodia. You are expected to justify your decision to use academic and research-based information and references to support your arguments and write a report with an academic tone of voice and writing style. (Roughly 15 cited academic sources)
The plan should cover the three-year period to May 2025 and the list of elements included in the plan is illustrated below:
1. A brief overview of the brand
2. Analyse the current market and the industry environment
Content of the plan
1. The selection of the market to entry
2. Customer segmentation, targeting, and positioning in the chosen market
3. International marketing mix
4. Branding strategies
Structure:
I. Introduction: Brief Summary
II. Selection for Market Entry: Describe market and reasoning / strategy for choosing to enter this market
III. Market Analysis: Analyze the market covering the socio cultural environment and other important elements of the sector.
IV. STP (Segmentation, Targeting Positioning): Discuss strategies for STP
V. Marketing Mix (Product, price, place, promotion): Pick and discuss the most important elements of marketing mix to talk about. (Only 2-3 necessary), cover brand strategy here
VI. Conclusion: Conclude with recommended plan of action for the company plus potential drawbacks/ barriers of entry you have found.