Determine the contingency plan

Assignment Help Marketing Management
Reference no: EM131907823

Question: Now that Michelle has all of the pieces of her marketing plan in place, the board is ready to see the final plan. She is apprehensive about this because the board needs to approve the plan for it to move forward. It is imperative that the plan addresses all of the marketing issues discussed to this point, and that it also includes a discussion of how MM will measure the success of the plan after it has been implemented.

Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Michelle is happy with how the plan is being put into place. The date and time for the final board meeting has been set when she calls you.

"How will we know if the new product launch is a success?" she asks. "How will we know if what you have suggested really worked? Since I started this company as an entrepreneur years ago, I feel like everything that happens here is my fault or my responsibility. Does that make sense?"

"You've been so supportive to me during this whole process," you say. "Leave it to me. I'll think about what you've said over the long weekend and I'll be ready to sit down and discuss the details as I prepare the final draft of the plan."

Based on your original goals and the plan you are putting into place, what will you tell Michelle?

• What will you measure to determine whether or not your new product plan for MM is a success?

• What about a contingency plan?

• Do you need to make recommendations for MM if things do not go the way you hope and expect them to?

Reference no: EM131907823

Questions Cloud

Calculate the marginal cost of providing additional assistan : It pays an accountant $100,000 and a tax preparer $50,000. Calculate the marginal cost of providing additional assistance.
What are the costs of inflation : High rate of inflation is considered bad for the economy since it has various costs. What are the costs of inflation?
Why should us commit more resources to global warming issue : Why Should the U.S. commit more resources to the global warming issue? Should marijuana be decriminalized (or legalized)?
Consumer spending and investment : How does the increase in money supply affect consumer spending and investment? How does it affect the firm or organization you work for?
Determine the contingency plan : What will you measure to determine whether or not your new product plan for MM is a success? What about a contingency plan?
Resulting levels of production : Show how to derive the Cournot equilibrium in this market, and report the resulting levels of production for each firm and market price.
Define stated periodic and effective interest rates : Write a five paragraph essay with the title: Interest rates: Stated, periodic, and effective. Define stated periodic and effective interest rates
What is kgc profit at the profit maximizing sales price : What is KGC's profit at the profit maximizing sales price?
Discuss the organization production function : Develop a 15- to 20-slide Microsoft® PowerPoint® presentation to be presented to the CEO's executive committee that addresses how your chosen organization.

Reviews

Write a Review

Marketing Management Questions & Answers

  Own distribution channels for condoms in japan

What were the main motives for SSL establishing its own distribution channels for condoms in Japan?- What are the major barriers to SSL reaching a higher market share for condoms in Japan?

  Explain price of product plus tax

What do you meant by price and how to calculate price of product plus tax

  Principals of marketing

Name several nongovernmental regulatory forces. Do you believe that self-regulation is more or less effective than governmental regulatory agencies? Why?

  Five brands that are running very successful campaigns

Research & write 2 to 3 pages on top five brands that are running very successful campaigns on social media. What are they doing different?

  Determine manufacturing cycle efficiency for recent month

Determine the manufacturing cycle efficiency (MCE) for the recent month. What can you infer from the MCE you calculated?

  Why is ford trying to increase sustainability of its cars

Why is Ford trying to increase the sustainability of its cars, Why is Ford looking toward aluminum as an alternative material for its vehicles

  Unshine marketing

unshine marketing

  Briefly describe johnson pricing strategy

Briefly describe Johnson's pricing strategy, also providing background on the company and department store industry. Explain why Johnson's pricing strategy did not work. Support your position in terms of environmental factors such as economy, the c..

  How many unique values may a byte represent

Which part of a microprocessor fetches each instruction of a program, interprets what needs to be done, and makes the ALU perform the needed operation?

  Advanced understanding of a complex body of knowledge

The overall purpose of this assignment is to build your understanding of the consumer and how an understanding of consumers is a key input to the development of an effective (the right type) and efficient (minimal or no waste) marketing mix strate..

  How does netflix create competitive advantage

What are Netflix's core competencies? How well do these competencies satisfy the four characteristics of VRIN? How does Netflix create competitive advantage

  Management and leadership can hinder innovation

Explain how a command and control approach to management and leadership can hinder innovation. (100-150 words)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd