Marketing Plan for Fair-trade Products
Table of Contents
Marketing Strategy - STP....13
Marketing Strategy-Models and themes....14
Evaluation & control....16
This paper has discussed about the marketing plan developed for the Fair-Trade cotton product of Tesco Plc that is the biggest retail series of U.K. The marketing plan for Fair-Trade cotton has enclosed numerous significant topics that are important to knob the marketing issues & challenges posed by the internal and the external environmental factors. It has discussed situational analysis in which organizational strategy, porter's five forces, customers, SWOT analysis and marketing effectiveness review has been described. In the objective piece of the marketing plan, mission, vision, corporate objectives and marketing objectives have been discussed that are based on SMART pattern.
In the section of marketing strategy, segmentation, targeting and positioning strategies have been discussed. Marketing models sections provides the strategic alternatives, generic strategies, competitive strategies and other major aspects such as innovation and branding. Integrated mix part of the marketing plan, seven P's like product, price, promotion, place, people, processes and physical evidence have been discussed in the marketing plan. Marketing budget has also been discussed in which staff requirement, resources, timing and marketing expense have been covered. Evaluation & control has also been enclosed in the marketing plan, which covers the key performance indicators. Apart from this, contingency plan is also an ingredient of the marketing plan.
To remain competitive in the market and sustain the position of a market leader, companies are developing some effective marketing plans for their products. Marketing plan is the enlivening action for the company to give breath to its business. I have chosen Fair-Trade cotton product of Tesco Plc for the marketing plan that is the...