Reference no: EM13944297

Part A:

1) Identify and/or develop organisational objectives in regards to launching a new line of products for children and acknowledging Starbuck's younger customers

2) Evaluate the risks of these objectives, including a SWOT analysis

3) Look at marketing opportunities (joint ventures, new ventures, product extensions).

4) Develop marketing strategies that can deliver the identified organisational objectives.

5) Evaluate what resources and capabilities would be required to deliver these strategies.

6) Outline the marketing mix to deliver the strategies and a rationale for the chosen mix.

7) Detail tactics to implement the strategies including an action plan with timeline, scheduling and persons responsible. The timeline should allow for the plan to be approved by management and changes made before implementation.

Part B - Reviewing the Marketing Plan

8) Develop a marketing performance review strategy and monitoring mechanism to determine if strategies are effective once implemented

9) Explain whether the marketing strategies meet legal and ethical requirements. Identify where this might be challenged (eg. Marketing to young people).

10) Identify potential stakeholders who will need to sign-off on the marketing plan

11) From your list of potential stakeholders, select one who you will now represent. Consider the marketing plan from the perspective of this stakeholder, and assuming you are this stakeholder, provide 200 words of feedback on the plan in terms of how it will impact on you (as the stakeholder) and if it will meet your needs in the delivery of the product.

12) Returning to the role of the marketer, include a paragraph on what you might need to adjust in the marketing plan in response to the feedback from the above ‘stakeholder'. Discuss if the feedback will impact on your ability to implement the plan within the required timeframe. Note: you will need to be very objective in stakeholder role..