BSBMKG622 Assessment 1fern
BSBMKG622 Assessment 1fern
BSBMKG622 Assessment 1fern
- Executive Summary
A marketing plan is a comprehensive document or blueprint that
outlines a company's advertising and marketing efforts for the coming
year. It describes business activities involved in accomplishing
specific marketing objectives within a set time frame.
Houzit is a chain of homewares stores in Brisbane that specialise
in bathroom fittings, bedroom fittings, mirrors and decorative items.
They currently have 15 stores spread across the greater Brisbane
area, with all stores being managed and coordinated from their head
office in Milton.
- Introduction
This report discusses about the marketing management of the
company named Howzit. It is the company that deals with the
houseware products in Brisbane region. The report focuses on
description of the marketing activities and its alignment with the
organizational objectives. It provides the idea of the company’s KPIs
and the plan of marketing to achieve the KPI targets.
- Marketing activities
There are different marketing activities that has been conducted by the
company called Houzit in order to make the people aware about the
brand and the products. The main three activities that has been
conducted by the organization are: Magazine advertising and PR:
According to the analysis, it has been identified that many leading
magazines that supports the advertising of the home wares are
facilitating the home ware companies with the advertising space in
their magazines. Web based advertising: Web based advertising allow
the company to put the visual advertisement on the home page of the
website and also includes the PR articles on the content of the web
page of the company’s website. In-store advertising: In store
advertising helps the company to display the visual advertisements in
the stores along with the featured products that attracts the customers
in more number. The above three marketing activities shows that the
company has the potential to market its products in different ways and
the company is focusing on managing these activities very well.
- Monitor progress
o Monitor:
product
distribution
pricing
marketing communication policies
o Evaluation of statistical and data techniques to measure
marketing performance
- Distributing and pricing
According to the study, it has been analyzed that the distribution of the
products is done by the stores only but according to the changes in
the market it has been recommended
to the company that it should also allow the customers to make orders
and payments for the products online from the website of the company
or the store. The pricing strategy should be economy pricing. This is
because the changes in the strength of the Australian Dollar results in
cheap imports that put pressure on the local suppliers to match the
prices with the imported products that are cheap. To monitor the
distribution and the pricing of the products over time, the company
has to keep the records of the competitor’s strategies as well as the
market conditions.
- KPIs
KPI Target Measurement
- Communication
Acknowledge to the employee
he specific contributions he/she is making that positively impact your
organization’s success.