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PrinciplesOfMarketing12 q4 Mod3 WorkshopAndPreparationOfMarketingPlan v5
PrinciplesOfMarketing12 q4 Mod3 WorkshopAndPreparationOfMarketingPlan v5
Fourth Quarter
Principles of Marketing
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Department of Education
Republic of the Philippines
Principles of Marketing
Alternative Delivery Mode
Quarter 4- Module 3 - Workshop and Presentation of Marketing Plan
Second Edition, 2021
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Published by the Department of Education - Region X - Northern Mindanao
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Management Team:
Chairperson: Dr. Arturo B. Bayocot, CESO III Regional Director
Regional Evaluator
I
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Principles of Marketing
Fourth Quarter - Module 3
Workshop and Presentation of Marketing
Plan
II
Table of Contents
Page No.
OVERVIEW
Introduction 1
General Instruction 1
Icon of this Module 2
III
Introduction
GENERAL INSTRUCTIONS
1
Icons of this Module
This part contains learning
What I Need to Know objectives that are set for you
Learning Objectives to learn as you go along the
module.
This part of the module is an
assessment as to your level of
What I Know?
knowledge of the subject matter
Pre-Assessment
at hand meant to gauge prior
understanding.
Lesson
1 and 2
Workshop and Presentation of
Week 7 - 9
Marketing Plan
2
What I Need To Know
Learning Competency:
What's In
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. The purpose of a marketing plan is to clearly show what steps or actions
will be taken to achieve the plan goals.
What’s New
Instructions: Enumerate the factors for the following marketing analysis and briefly
describe each.
Micro-environment Macro-environment
A. __________________________ A. __________________________
_ _
B. __________________________ B. __________________________
_ _
C. __________________________ C. __________________________
_ _
D. __________________________ D. __________________________
_ _ E. ___________________________
E. __________________________ F. ___________________________
_
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F. __________________________
_
1. What is your greatest goal in life?
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
_______________________________________________
3. Do you think it is possible for you to achieve such a goal? In what ways?
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
________________________________________________
What is it
At this point, you are now ready to combine and integrate all the knowledge
and learning you have acquired on the basic principles of marketing. There is no way
better for you to demonstrate this than through the preparation of a mini-marketing
plan.
I. Executive summary
II. Study Background
a. Brief history of the company
b. Mission and Vision
c. Product/service offerings
III. Macro-environmental analysis
a. Economic
b. Politico-legal
c. Socio-cultural
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d. Demographic
e. Technological
f. Natural
IV. Opportunities and Threats
V. Micro-environmental Analysis
a. The company
b. Suppliers
c. Marketing Intermediaries
d. Customers
e. Competition
f. Publics
VI. Strengths and Weaknesses
VII. The Market
a. Market size
b. Market needs
c. Market trends
VIII. Marketing Objectives
IX. Marketing strategies A. Product/service strategy
1. Target Market
2. Brand positioning
B. Pricing strategy
C. Distribution strategy
D. Advertising and promotions strategy
X. Tactical Implementation XI. Marketing Budget
XII. Feedback and Control XIII.
Financial projections
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specific role your selected product brand plays in the company’s entire product
offering or product portfolio.
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IV. Opportunities and Threats
Enumerate identified opportunities and threats from the macro-environment
analysis. Arrange them chronologically. Relate them directly to a specific
macroenvironmental factor and justify why they are classified as opportunities or
threats.
V. Micro-environmental analysis
The six micro-environmental factors assessed and evaluated. Because the
micro-environment is not expected to change dramatically over the short-term, it is
largely unnecessary to project the situation to the following year. The only aspect
which may situationally require projection is the competitive situation. It may be
possible that there is public knowledge of the entry of new competitors that may affect
the industry’s competitive landscape.
A. The company - The company is evaluated in terms of its organizational
ability to implement marketing strategies. The relationship among functional areas
must be evaluated to determine if there are bottlenecks in decision-making, and if
other functional departments are supportive of the marketing. It would also be helpful
to look at the latest company income statement to evaluate the company’s cost
structure. Financial statements are available from the Securities and Exchange
Commission.
B. Supplier - In this section, the relationship between the company and its
suppliers is assessed. This is especially for suppliers involved in the supply of raw
materials vital to product manufacturing. Any opportunities to improve the company’s
supply chain should also be investigated with the objective of reducing the product
cost and increasing value to the customers.
C. Marketing intermediaries - The company’s distribution network is
illustrated and explained in this section. The choice of distribution type is reviewed
and possible improvements in intermediary relationships is determined.
D. Customers - In this section of the marketing plan, identification of the
geographic, demographic and psycho graphic profile of the brand’s typical customer
is expected. The buying behavior should be explained and understood, e.g. why they
buy, where they buy, how frequently they buy, and how they use your product.
E. Competition - This is where the brand competitors and the companies
that manufacture them are identified. If necessary, draw a perceptual map to identify
the closest competitors. Identify also the relative positions of the different competing
brands (including your own) in terms of market share.
In this case high organized industries, information is available from Euro
monitor (www.euromonitor.com/philippines). Otherwise, interviews with product
retailers can be used and shelf checks conducted (normally the larger the shelf space
a particular brand occupies, the larger its sales). It would also be important to discuss
the recent competitive actions of the competitors in order to anticipate how they will
most likely respond to the proposed marketing strategies.
F. Public - Evaluate the company’s relationship with its public; corporate
stockholders, the community, financial institutions, media, the government, and
society as a whole. This can prevent any future need for the company to engage in
public relations and publicity.
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VI. Strengths and Weaknesses
Enumerate the identified strengths and weaknesses from the
microenvironmental analysis. Arrange them chronologically. Relate them directly to a
specific micro-environmental factor and justify why they are classified as strengths
and weaknesses.
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alternative brand positioning. Fully justify the proposed brand positioning and explain
convincingly why it is more appropriate than the current one. Remember that
positioning of your proposed product/service must be unique, beneficial and credible,
and must revolve around a product or a service attribute that is relevant to your target
market.
D. Pricing strategy - Based on the marketing objective formulated, decide
on a general pricing strategy for the brand. It is possible to implement general pricing
strategies for a brand during an operating year. For example, a brand may have a
general strategy of going-rate-pricing but implement promotional pricing during the
last quarter of the year.
E. Distribution Strategy - Review the brands current distribution strategy
to determine if it is still applicable for the marketing plan’s implementation period.
When adjustments or modification are required, give recommendations as to how the
selected brand can be distributed more efficiently.
D. Advertising and promotional strategy - In this section, propose your
advertising and promotion strategy. Based on the advertising and promotional
objectives and target audience profile, decide on the message, creative style,
vehicles, media you will utilize. Provide details of media and promotional plan,
including locations for advertising placements, their frequency and approximate cost.
Also indicate the mechanics of the trade and consumer promotions. If any, their
corresponding costs. Select media carefully, giving consideration on cost
effectiveness.
X. Tactical implementation
Develop tactics for each strategy. Some strategies may only require a little two
tactical plans, while others may need to be supported by five or more tactics. In
essence, there is no precise number of tactics per strategy. There should be as many
tactics as necessary to ensure the success of the strategy, but no additional tactics
may be proposed if it does not contribute to successful strategy implementation.
Write a brief discussion of the operating details of each tactic including the
timetable as to when each will be implemented.
An example of this is provided below:
Marketing strategy: Market development
Tactics Operating details Time table
Establish a To accommodate store merchandise to September 2020
warehouse in cebu support Cebu retail operations
Hire and train Cebu Hiring must be localized and extensive September 2020
store personnel training undertaken to maximize customer
service
Open a retail outlet in This is to take advantage of the growing October 2020
cebu market in the Visayas
IX. Marketing Budget
In this chapter, indicate the total cost involved in the implementation of the
proposed marketing plan. Only third party expenditures are to be included in the
marketing budget. Capital expenditures like retail outlet construction expenses and
the purchase of packaging, machinery, are excluded from the marketing budget. An
example below:
Marketing Budget 2020
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Advertising expenses, which include the ff: P 10, 600, 000.00
Television 7, 500, 000.00
By the end of August 2020, personnel required for all positions in the Cebu
store should already have been screened and prequalified. If this deadline will not be
met, the company should contact a local employment office to fill in missing positions.
At the latest, this should be completed by September 10. Training should commence
immediately on September 12 to be completed by September 28. At this point, the
company should subject all who have completed the necessary training to standard
performance appraisal to determine which trainees will be hired. By September 30,
the trainee should be informed of their hiring status. If there are no qualified trainees
for specific critical positions such as Assistant Store Manager and Store Inventory
Supervisor, qualified employees from Manila stores shall be flown in to temporarily
occupy these positions. Continuous recruitment, prequalification and training for
unfilled Cebu store positions shall continue by October 2020, however all vacant
positions should be filled.
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incremental sales the brand can realize as a result of the proposed marketing
plan.Use a close competitor's historical income statement to determine percentage
cost of sales. Because the competitor manufactures a similar product, its costs should
be similar to yours. Apply this percentage to your incremental brand sales and deduct
this amount from your incremental brand sales to arrive at incremental gross profit.
Deduct your marketing budget from your incremental gross profit to determine your
incremental income before income tax. Deduct incremental income tax at 30% of
income before income tax for corporations to arrive on you incremental income after
income tax.
What's more
1. Complete the mini marketing outline and briefly describe each
I. ______________________
II. Study background
a. Brief history of the company
b. ______________________
c. Products service offerings
III. Macro environmental analysis
a. Economic
b. Politico-legal
c. _______________________
d. Demographic
e. Technological
f. Natural
IV. ________________________
V. Micro-environmental analysis
a. The company
b. Suppliers
c. Marketing intermediaries
d. ___________________________
e. Competition
f. Publics
VI. ______________________________
VII. The market
a. Market size
b. Market needs
c. Market trends
VIII. Marketing objectives
IX. ___________________________________
a. Product/service strategy
1. Target market
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2. _______________
b. Pricing strategy
c. Distribution strategy
d. Advertising and promotion strategy
X. Tactical implementation
XI. _____________________________________
XII. Feedback and control
XIII. _____________________________________
Level of achievement
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demand are provided and
clearly stated.
SWOT A thorough SWot analysis SWOT analysis is provided, SWOT analysis is
Analysis is provided, based on but there are some missing provided but there are
preceding analysis. points from preceding more than six missing
Reasoning for each item analysis. Reasoning for points from preceding
in the SWOT is provided each item is not always analysis. There are no
and logical. Strengths and thoroughly provided and/or reasonable points
weaknesses are clearly logical. One or two provided for the items.
internal factors, while strengths/weaknesses are More than two
opportunities and threats external, or one/two strengths/weaknesses
are clearly external factor opportunities/threats are or opportunities/threats
internal are inappropriate.
Marketing The marketing objectives Linkage of marketing Marketing goals and
objectives and and goals are clearly objectives and goals to objectives are missing
goals related to the company/organization or those that are
company/organization mission is not clearly stated. identified are not
mission. Objectives and Some of the objectives and quantified or are
goals are clearly stated goal are unclear and/or not inappropriate
and appropriately appropriately quantified.
quantified.
Marketing The marketing direction Marketing strategy is The marketing strategy
Strategy that will frame marketing identified but is unclear or is missing or is illogical
tactics of the marketing unspecific in some aspects. given the marketing
plan is clearly and The marketing strategy is objectives and goals.
specifically stated in 3-5 logically linked to the
sentences. The marketing marketing objectives and
strategy is logically link to goals
the marketing objectives.
Implementatio A thorough and specific An implementation plan is An implementation plan
n and control implementation plan is identified, but one to two is identified, but more
clearly identified for every tactics are not addressed. than two tactics are not
tactic; the plan identifies Specifically, some addressed, and the
who is responsible for components of the plan plan generally lacks
implementing the tactic, could be improved. The specificity. Because of
when it should be company will be able to use missing information,
implemented, the cost the plan to implement the the plan will not help
measurement of marketing plan, but maybe the
effectiveness, and any confused about some company/organization
other relevant information aspects because of missing implement the
information marketing plan
Conclusion A brief summary that A summary of expected There is no conclusion.
identifies the expected outcome is provided but
outcomes with successful lacks clarity.
implementation of the
marketing plan is clearly
presented in short
paragraph
Writing styles The plan has a writing The writing style lacks The plan is clearly the
style that is uniform uniformity at times and is not works of multiple
throughout the paper and always appropriate for a authors with different
appropriate for this type of marketing plan. There is writing styles, margins,
written project. There is no some indication of multiple printer fonts, paper
indication that the paper authors (different fonts, types
involved multiple authors. different paper etc)
Grammar The plan has been There are few spelling There are frequent
spelling and thoroughly spell checked and/or grammatical errors. misspelled words,
formatting and proofread. There are There are one to three serious grammatical
no to almost none grammatical errors. errors, and formatting
grammatical errors. There errors, indicating that
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are no formatting errors time was not taken to
spell-check and
proofread.
Criteria points Points Grade equivalent (30 pts=100%)
Introduction Points earned % Description
25-30 94-100 Outstanding
Company 19-24 88-93 Exemplary
analysis 13-18 82-87 Proficient
Market definition, 7-12 76-81 Partially proficient
potential and 1-6 70-75 Incomplete
demand
SWOT analysis
Marketing
objectives and
goals
Marketing
strategy
Implementation
and control
Conclusion
Writing styles
Grammar
Spelling
and formatting
14
References
https://www.google.com/search?q=principles+of+marketing++cover+photo&tbm=isch&ved=2ahUKE
wjXm6L1t63xAhUsEqYKHR1dDFIQ2-
cCegQIABAA&oq=principles+of+marketing++cover+photo&gs_lcp=CgNpbWcQAzoECCMQJzoECAAQEz
oICAAQCBAeEBNQiu8GWK29B2C8wwdoB3AAeACAAfQEiAHfJZIBCzAuOC45LjEuMS4xmAEAoAEBqgELZ
3dzLXdpei1pbWfAAQE&sclient=img&ei=KP7SYNfnKqykmAWdurGQBQ&bih=833&biw=1821#imgrc=P
woFoDHUeXlzBM
15
For inquiries or feedback, please write or call:
Department of Education - Division of Misamis Oriental
Don A. Velez St. Cagayan de Oro City
Contact No. (08822) - 724615 / (088) 856 - 4454
Email Address: misamis oriental@deped.gov.ph
depedmor@gmail.com
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