Description
Prepare a marketing audit covering the following topics which should be presented to the board of Directors. The strategic marketing audit must consider current and likely future challenges for the chosen organization and include the flowing tools.
Macro environment Analysis – PESTEEL
Situational Analysis – SOWT/ TOWS matrix. Key issues, CSF’s
Micro environment analysis – Porters 5 forces, stakeholder analysis, competitor analysis
Internal environment analysis – Cultural web, McKenzie’s 7 S’s, Portfolio Analysis tools, value chain analysis, brand analysis, core competencies
Using a marketing planning framework of your choice, prepare a medium term strategic marketing plan and present it to the board of directors by including the following areas
Strategic intent (Vision/ Mission and Values)
Marketing objectives
Market segmentation – STP
Marketing Strategy – Ansoff’s Matrix, Generic strategies, branding strategy, competitive advantage
Tactics – 7 Ps, Organizational structure
Actions & Control – Balance score card, Budgets, Schedules