Unit 2 Assignment Directions: Marketing Plan Part 1 – Situation Overview
Purpose
According to your textbook, “The marketing plan directs and coordinates all company marketing efforts. It is a tangible outcome of a company’s strategic planning process, outlining the company’s ultimate goal and the means by which it aims to achieve this goal (Kotler et al., 2022).
To build your marketing plan, you will acquire knowledge of your selected topic through primary and secondary research and convert that knowledge into a cohesive marketing plan. Your marketing plan will demonstrate value to customers and reflect a vision for profitability that encompasses the new realities of today’s dynamic and advancing marketing environment. Each element of the plan will build upon the previous one; utilizing your findings and instructor feedback from earlier submissions, you will edit the previous section to develop a complete marketing plan with an executive summary and collective reference list in the submission of Part 3.
The three parts of your plan will work cohesively to develop a full plan depicted in Figure 2.8 in your textbook:
Part 1 of your marketing plan evaluates the company and current environment, developing a foundation for the subsequent plan by evaluating the company and current environment.
Task
Complete Part 1 of your marketing plan
In Part 1 of your marketing plan, you will:
- Review and download theMarketing Plan Templatefor information on developing the content for your assignment.
- Refer to theFull Marketing Plan Examplefor additional guidance.
- Complete the situation overview for your selected topic.
- Include the following elements:
- Overview of the company’s history and culture
- Resources and an environmental scan of the current internal and external environment
Reminder:The template contains the components of the entire marketing plan. This unit only focuses on Part 1. You do not need to add the components for Parts 2 or 3.
Format Requirements
Format your submission to comply with these requirements:
- Create your marketing plan in a Microsoft Word document formatted as a professional document.
- One-inch margins
- Double spaced
- 12-point Times New Roman font
- Follow the basic outline depicted in theMarketing Plan Template.
- Organize sections using headings and subheadings to improve readability.
- Include tables, graphs, and figures as appendices.
Research and References Requirement
- All statements of fact must be supported by a credible source, and that source must be cited using in-text citations. SeeIs My Source Credible?
- Include a list of your sources. The reference list is required and should appear at the end of each submission and then moved to be combined at the end of Part 3. The references will be on a separate page.
- As you conduct research for your selected topic, remember to use theUMGC Libraryresearch guides and databases, such as ABI/INFORM.
Questions and Help
Questions about this assignment are welcome in the "Ask the Professor" area of the classroom. See the rubric for grading guidelines.
It is your responsibility to check your document and make sure you have submitted the correct one. The last document you submit before the deadline will be graded.
Submission
The Marketing Plan: Part 1 assignment is due byTuesday at 11:59 p.m. ET.
Submit your assignment by uploading your document.
Important:You are responsible for checking your document and ensuring you have submitted the correct one. The last document you submit before the deadline will be graded.
Criteria for Success
This assignment is worth 100 points.
Your submission will be graded using theMarketing Plan: Part 1 Rubric.