Contents
Introduction 3
Davison & Robinson Ltd --- Background 3
Strategic Analysis of Environmental Factors --- Davison & Robinson Ltd 5
Micro-environment 5
Customers 5
Distributors/Intermediaries 6
Suppliers 6
Competition 7
Macro-environment 7
Political Factors 7
Economical Factors 8
Social factors 8
Technological factors 9
Environmental factors 9
Legal factors 10
SWOT Analysis 10
Strengths 10
Weakness 11
Opportunity 11
Threats 12
Potential Target Markets 12
Target Market --- Urban Population (bars, pubs and restaurant loving) 12
Justification 12
Customer Profile 13
Geographic 13
Demographic 14
Behavioral 14
Psychological 14
Customer positioning 15
Marketing Mix 15
Product 15
Price 16
Place 16
People 17
Process 17
Physical Evidence 17
Marketing Objectives 18
Target Market --- Corporate Executives (West Yorkshire) 18
Justification 18
Customer Profile 19
Geographic 19
Demographic 19
Behavioral 19
Psychological 19
Customer positioning 20
Marketing Mix 20
Product 20
Price 20
Place 20
Promotion 21
People 21
Process 21
Physical Evidence 21
Marketing Objectives 22
Evaluation and Control 22
Sales Analysis 22
Market Share Analysis 22
Customer Satisfaction Review 23
Description
Competition in today’s business world is very intense. Every company is going out of the traditional ways and thinking out of the box to come up with innovative ideas to beat the competition. In such a scenario it is very important for a company to think long term and have strategies and plans that is not just going to serve its immediate purpose and needs but also helps the company in a long run. The companies around the globe have woken up to this and are investing time and money to design strategies and action plans for the future. In order to design efficient strategies, it is very important for the company to understand various factors that is going to influence the company. The various factors that can make an impact on the company are competition, customers, political situation, economic situation, company’s own strength and weaknesses, etc. Hence, it becomes very important for the company to design strategies considering all the above factors. This would be the marketing plan of the company and it’s the road map for the company. A company’s future success depends on how good the marketing plan is and how well a company can implement and execute the marketing plan. Also for any company to run the show for a long time, it must expand and diversify its products and services. This is the only way that a company can grow. If a company fails to do this, sooner or later the products or services will meet the saturation level and the company will fall prey to more innovative and diverse competitors.
This is the five-year marketing plan for Davison & Robinson Ltd. The marketing plan analyses the macro and micro environment in which the company operates and the strengths and weaknesses of the company. Two target markets are identified and differentiated marketing mixes are developed for each of them.