BSBMKG609A
Develop a Marketing Plan
ISBN: 978-1-74238-
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the time of publication.
Table of Contents
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3
4
5
7
Legend
Qualification Pathways
Qualification Rules
Introduction
BSBMKG609A/01 Devise Marketing Strategies
Key Points
Develop marketing strategies that address strengths and opportunities within the
organisations projected capabilities and resources
Develop feasible marketing strategies and communicate reasons that justifies their
selection
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25
Key Points
Ensure tactics are achievable within organisations projected capabilities and budget
Ensure tactics provide for ongoing review of performance against objectives and
budgets, and allow marketing targets to be adjusted if necessary
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39
Key Points
Ensure marketing plan contains a rationale for objectives and information that
supports the choice of strategies and tactics
Present marketing plan for approval in the required format and timeframe
Adjust marketing plan in response to feedback from key stakeholders and disseminate
for implementation within the required timeframe
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Summary
Bibliography
Assessment Pack
Facilitator Manual BSBMKG609A Develop a Marketing Plan
Precision Group (Australia) Pty Ltd
Legend
This symbol indicates the beginning of new content. The bold title matches the content
of the competency and they will help you to find the section to reference for your
assessment activities.
Activity: Whenever you see this symbol, there is an activity to carry out which has been
designed to help reinforce the learning about the topic and take some action.
This symbol is used at the end of a section to indicate the summary key points of the
previous section.
This symbol is used to indicate an answer to the Candidates questions or notes to assist
the Facilitator.
Qualification Pathways
This unit of competency is provided to meet the requirements of BSB07 Business Services
Training Package although it can be used in a range of different qualifications. The BSB07
Business Services Training Package does not state how a qualification is to be achieved. Rather,
Registered Training Organisations are required to use the qualification rules to ensure the needs
of the learner and business customer are met. This is to be achieved through the development
of effective learning programs delivered in an order that meets the stated needs of nominated
Candidates and business customers.
Qualification Rules
Youre either part of
the solution or part
of the problem.
Eldridge Cleaver
Qualification requirements include core and elective units. The unit mix is determined by
specific unit of competency requirements which are stated in the qualification description.
Registered Training Organisations then work with learners and business customers to select
elective units relevant to the work outcome, local industry requirements and the qualification
level.
All vocational education qualifications must lead to a work outcome. BSB07 Business Services
Training Package qualifications allow for Registered Training Organisations (RTOs) to vary
programs to meet:
Specific needs of a business or group of businesses.
Skill needs of a locality or a particular industry application of business skills.
Maximum employability of a group of students or an individual.
When packaging a qualification elective units are to be selected from an equivalent level
qualification unless otherwise stated.
Introduction
Whether as an
individual, or as part of
a group, real progress
depends on entering
whole-heartedly into
the process and being
motivated to make you a
more deeply satisfied
human being.
Source Unknown
This unit of competency is about being able to develop and present a marketing plan for an
organisation. BSBMKG609A Develop a Marketing Plan is one of the units that make up the
Advanced Diplomas in Business.
This manual is broken up into three distinct sections. They are:
PART 1:
What is Marketing?
Marketing is a term so widely accepted that we might be tempted to take its meaning for
granted although few people could define it, most would know it when they saw it. Marketing
is all about doing things right; getting the right product, to the right people, at the right price,
by using the right promotional techniques in order to make a profit for your organisation. In
this manual we will be examining how you can determine what marketing techniques are right
for your organisation.
Planning in Marketing
A well planned market strategy is absolutely vital to the growth of any business. As a manager,
you make business decisions every day. Oftentimes these decisions are made mostly relying on
your intuition. In the field of marketing, while you must make decisions, intuition alone may not
provide you with the facts you need to achieve marketing results. Marketing requires you to
have a solid knowledge of what other people want. While intuition can be used to achieve this,
often you will find that people are quite complex and so you need to use planning techniques
to achieve your business goals. Helping you get these marketing and business goals are all part
of setting your marketing strategy.
A marketing strategy can help you not only define your business goals, but help you develop
the activities to achieve them. Essentially a marketing strategy establishes where you want to
go. Once you know where you want to go, the next stage is to develop marketing tactics to
allow you to determine how to get where you want to go.
As a manager, it is possible to simply sit down and set up your own informal marketing strategy
in just a few simple steps. Such a strategic plan is useful in helping you in making decisions
later down the road. Try this exercise: find some quiet time to sit down with a notebook and
put your thoughts on paper, where is it that you want to head with your business. Try to answer
questions like: What aspects of your business are important, What is going well, What needs
improvement, What objectives do you want to achieve? It could be helpful to make a file where
you will keep everything that deals with your marketing strategy. Keep all of your thoughts and
notes in this file as well. You never know when you need to look back.
Now describe how you will position your products or services. This step may take a little
research and involves thinking creatively. Start with how you are currently positioning your
product, then move on to what you would like to see in the future. Are you happy with your
marketing position, or do you want to see changes? Does the positioning reflect on your goals?
Next, we need to examine the type of methods that you will utilise in the implementation of
your plan. This means looking at what you are already doing and determining whether these
methods are appropriate for your target market. Think for example about your audience and
they way they consume the media. Older people are more likely to utilise newspapers and
magazines, younger people might be used to viral marketing.
When developing a marketing plan, you need to carefully consider the budget that is in place.
This will impact on your decision making. Treat marketing as an investment in the future of your
organisation something that will assist you in building your brand and sales over time.
You should revisit your marketing strategies at least once every few months. Many managers
think of it much like a budget - keep it in front of you and on your mind. You just cant develop
a strategy and then file it away, if you do, it will not do you any good. You have to take steps to
realise the goals in your plan. Check to see if you are on target or not. You may need to make
revisions as time passes and your business changes.
Marketing Strategies
Lets now look at some examples of specific Marketing Strategies. Overall strategies work to
explain how the marketing function fits in with the overall strategy for a business. Examples of
marketing strategies could be:
Increase overall profit
Widen distribution channels
Increase your selling price
Increase sales volumes
Bring a new product to market
Increase advertising
Build brand awareness
Open up new markets.
Now that you have identified the appropriate strategies for your organisation, you can take that
strategy and develop plans around it to allow the strategy to be implemented. This begins by
developing a set of marketing objectives stating what you wish to achieve in your marketing
plan.
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Determining Opportunities
The initial review stage for marketing planning takes place early in the process and involves you
in attempting to ascertain exactly what you are trying to achieve from your marketing plan. You
will also conduct this analysis during implementation to ensure everything is going to plan. An
audit of overall marketing performance will involve you in determining the way that the market
and all other environmental factors will influence the planning and implementation of your
processes. What you are doing during this process is looking at the environment in which you
are operating and then looking at how this will affect the way your business needs to operate
now and into the future.
Marketing audits can seem daunting, but there are tools that can be adopted by the marketing
planner to assist in reducing this workload. SWOT analysis (strengths, weaknesses, opportunity
and threat analysis) can allow you to examine the internal and external environment, while
PEST and Five Forces analysis are very useful for looking at externalities in detail. By using these
tools and processes, you are attempting to gauge exactly what factors are likely to be going to
affect the marketing operations within the organisation.
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EXTERNAL ORIGIN
INTERNAL ORIGIN
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HELPFUL
HARMFUL
strengths
weaknesses
opportunities
threats
SWOT analysis relies on the skills of those involved in the process. It is their thoughts and
opinions that will end up formulating the SWOT analysis meaning that different people may
well come up with very different results from the same organisation. Therefore, do not rely too
heavily on this. Use it as a guide for other decision making processes.
Once key issues have been identified with your SWOT analysis, they feed into marketing
objectives. SWOT can be used in conjunction with other tools for audit and analysis, such as
PEST analysis and Porters Five-Forces analysis.
Gap Analysis
The second type of analysis that you could look at conducting is the gap analysis. This is a useful
tool for helping you decide between multiple marketing options. This method allows you to
find those strategies that will best resolve the issues that you are facing. Gap analysis, on the
face of it, seems very simple. You are looking at any gaps that exist between where you are now
and where you want to be. Thinking about this a bit more, some gaps may exist in market share,
sales levels or brand recognition. Once you know the type of situation you are facing, you need
to have objectives in place that correct the gap, and finally you need strategies in place to allow
you to meet your targets.
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1. Cost Leadership.
Here we are looking to develop a strategy to develop the organisation by providing the
products to the market at the lowest price possible. This type of competitive advantage
is gained by focusing on reducing costs all through the process of manufacture and
marketing in order to be able to charge the lowest price in the marketplace. A good
example of this is any no-frills or home brand product. When developing these products
your manufacturers will have attempts to squeeze every last saving they can out of the
production line and then will be able to reduce the price as much as possible. Some
organisations are able to exploit this even further reducing costs but keeping quality
high thus increasing the profit margin significantly.
2. Differentiation.
The second strategy that you could implement is one of differentiation. This strategy
involves you in doing something different than what the competition is currently doing,
thus finding a way to make your organisation different. If your product is different
enough, this can increase the amount consumers are willing to pay for your product,
increasing margins and in turn profits. In order to differentiate your product you need
to have a good understanding of the market. Take an airline for example. They may offer
first, business, premium economy and economy classes and price each according to the
market. Some airlines offer unique arrangements that also allow for increased prices. Take
Air New Zealands unique sleeper seats as an example of this.
Differentiation is likely to initially cost more. You will be adding services or features that
were not there and so you need to be sure that the changes you are about to make will
be covered by the increased prices that you will offer this differentiated product at.
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The final strategy that you may implement is the niche strategy. This overall strategy
involves you in finding a small segment of the market on which you can focus all your
efforts. Using this strategy involves altering what you do to align very closely with the
needs and desires of a specific target audience. Smaller organisations are able to exploit
a niche much more effectively than a larger, less nimble organisation is able to do.
Within the niche strategy there are further ways of making improvements for
example you could try to become the lowest price within your niche, or you could try
to differentiate within the niche as well. A niche focus works best for small boutique
organisations, whereas a cost focus works best for large organisations who are better
able to make cost efficiencies by using economies of scale.
Geographic Segmentation
This form of target audience segmentation relies on the fact that people living in different
places may well be quite different. You may divide your market up into countries, towns, or on
the lowest level even suburbs or streets. You need to be able to understand exactly how these
consumers differ depending on where they are located.
By geographically segmenting your market you can:
Ensure you take into account cultural differences
Recognise the fact that different languages may be spoken
Ensure you understand how different people in different locations may use products
differently
Align your marketing with climate differences.
You must be careful, however, as often you may find that people also can be quite similar or that
just because someone lives somewhere doesnt mean that other factors arent as important as
well.
Demographic Segmentation
The next form of market segmentation that you may consider is segmenting based on
demographics. Essentially this form of segmentation attempts to look at similarities between
groups of people such as their age, sex, religion, income or ethnicity. By bringing together all
the people with similar attributes, you are making up a specific market which can then be used
to pitch your product. Demographic data for specific markets is quite easy to come across as
large research and government organisations will hold this type of information.
Psychographic Segmentation
The final form of segmentation attempts to segment the market based on why consumers
buy the way they do. The data that you gather attempts to build a picture of the type of
consumer they are and looks at peoples personality, lifestyle and values in order to categorise
the individual. This form of segmentation is most useful because it provides a real picture of
your market, which can be used to understand purchasing behaviours. You can also use this
type of information to make positive decisions regarding branding and the promotional tools
that you may use.
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Activity One
1. Conduct a SWOT analysis of your chosen business and write the findings below.
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2.
Utilising the findings above, what strategies would you recommend the business
use in terms of its marketing? For each strategy, write a brief justification for its
existence.
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Activity One
3.
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4.
Describe how the strategies that you have adopted are in line with overall
strategy?
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Activity One
5. Briefly describe a marketing review system that you would adopt. You do not need
to be too specific here, as your marketing plan will flesh this out.
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. . . . . . . . . . . . . .Use
. . . . .these
. . . . . . .tasks
. . . . . . to
. . . ensure
. . . . . . . . . comprehension
. . . . . . . . . . . . . . . . . . . and
. . . . . ability.
. . . . . . . . . There
. . . . . . . .are
. . . . no
. . . .right
. . . . . . or
. . . wrong
..........
answers.
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True
False
Marketing is selling.
Marketing is more than selling; its about delivering the right product, to
the right people, at the right price and at the right time.
It applies to objectives.
It is subjective.
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