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GSBS6041 Global Marketing Strategy and Planning

Question

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Question:

1.Setting action plan for execution in terms of time frame (e.g. year 1, year 2 and so on...) (In a table format)

2.Designing a control (monitoring) mechanism of the plan.

3.Taking appropriate corrective action (if needed)

Grading rubric

Offers a highly detailed and thought through implementation plan consistent with marketing tactics and strategies. Realistic and reasonable application of budgeting and scheduling.

1 Setting Action Plan For Execution

Effective and efficient implementation of the marketing plan will lead to organisational success.   Gantt Chart for the first year (2019)

Gantt Chart for the second year (2019)

2 Designing A Control Mechanism Of The Plan 

Management must constantly be referring back to the marketing plan and implementation timeline to make the most of the outlined strategies. Control theory is primarily used.

Monitor customer feedback to manage service quality

After each tour clients will be sent a feedback form asking about their experience, satisfaction levels and perceived quality

Check all social media channels and comments daily or more often if needed

Read and respond to all online reviews 

Collaborate with team members and management

Regular management meetings to review marketing plan and check implementation timelines

Review staff performance

Regularly check-in with international distributors to cultivate and grow relationship

Key performance indicators

Track sales metrics, noting any trends

Portion of website visits that turned into bookings

Where clients are coming from

Advertising design agency will also provide performance data

Others

Continue to monitor competition 

Track changes in customer need, wants and preferences

When clients book, they will be asked how they found out about Sustain. Those channels will be tracked and measured                   

3 Taking Appropriate Corrective Action 

Guided by marketing control, management will:

  1. Monitor sales and initiate price changes or run extra promotions as needed.

Focus more or less on certain countries depending on sales and market penetration

See how seasonality trends play out and adjust prices accordingly 

  1. Consistently and regularly review marketing and business plan, changing goals or going after new target markets as needed
  2. Carefully consider and where appropriate act swiftly on feedback

Feedback from clients, staff and distributors all valued

Take complaints seriously and develop standardised response procedures with a priority to offer complimentary tours before financial remuneration 

GSBS6041 Global Marketing Strategy and Planning

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