Table of Contents
INTRODUCTION 2
CONTENTS 3
Task 1: Compile marketing audits 3
1. Appraise the processes and technique used for auditing the marketing environment 3
2. Apply organizational and environmental auditing techniques in Kinh Do 4
Task 2: The potential barriers to Kinh Do’s marketing planning and some solution to overcome these barriers 8
1. Identify the main barriers to marketing planning in the company 8
2. Suggest some solutions for Kinh Do to overcome these barriers to marketing planning: 9
CONCLUSION 10
APPENDIX 11
REFERENCES 13
INTRODUCTION
Kinh Do was established in 1993 and has gone through 17 years of formation and development. Up to now, Kinh Do has become a system of corporations in the fields of foodstuff
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With a clear understanding of where power lies, Kinh Do can take fair advantage of a situation of strength, improve a situation of weakness and avoid taking wrong steps.
b. Internal audit
Internal environment includes factors that can be controlled by the company such as management, production, finance, accounting, supply of materials, marketing, public relations (PR), human resources, information systems, etc. Analyzing these factors helps businesses identify strengths, weaknesses, then finding out the appropriate strategy. Marketing strategies, marketing systems, marketing organization, marketing function and marketing productivity are included in the internal audit.
Marketing strategy audit is about the marketing objectives of Kinh Do and how it relate to overall objectives. It also concerned about whether Kinh Do has enough resources to achieved these objectives or not. Marketing systems mentions the procedures for formulating marketing plans and management control. The structural capability to implement the plan is belonged to marketing organization. Marketing function is a review of the effectiveness of each element of the mix. The last area in marketing audit is marketing productivity about how profitable and cost- effective the marketing program is. Kinh Do should use some techniques such as value chain, marketing mix or SWOT as a tool to audit the internal environment. The value chain will show the marketing systems, marketing organization and
Course Description This course involves an integrated analysis of the role of marketing within the total organization. Specific attention is given to the analysis of factors affecting consumer behavior, the identification of marketing variables, the development and use of marketing strategies, and the discussion of international marketing issues. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be
I. Executive Summary II. Situation Analysis o Market Summary Target Market Demographics Geographic Demographics Behavior Factors Market Needs Market Trends Market Growth o SWOT Analysis Strengths Weaknesses Opportunities Threats o Competition o Product Offering o Keys to Success o Critical Issues III. Marketing Strategy o Mission o Marketing Objectives o Financial Objectives o Target Markets o Positioning o Strategies o Marketing Mix o Marketing Research o Action Plan IV. Financials o o o V. Controls o o o VI. Summary Implementation Marketing Organization Contingency Planning Breakeven Analysis Sales Forecast Expense Forecast
Internal Factors: Internal factors are the factors within the company, which affects the success and operation of business. The company can control these factors. Effective internal management is the key to the successful business.
The third table is to outline some of the activities we might find at each stage of the marketing process; this is brief summary of the importance of the different stages.
These factors influence the internal environment of an organisation and they help in identifying the past and the present of the company, It also provides a frame work for reviewing strategy position and direction of the company.
The internal factors are inclusive of the marketing mix of the organization and the organizational goals. The product itself is a huge
An analysis of a firm’s internal environment can be completed through various methods. These methods are value chain analysis, three circle analysis, SWOT
Evaluate concepts and principles of strategic marketing and the application to the development of an appropriate marketing mix for Kathmandu.
Whereas the mission defines the scope of a business or business unit and the goals define its strategic performance dimensions, its business unit competencies determine the means for achieving success.
It is defined as all the forces or conditions that are available within an environment that affects an organization and business. It is also known as controllable factors because business can control them. The internal environment deals with the management of resources like human resources, physical resources, technology, monetary resources and others that constitute the organization in order to implement or execute a strategy. Internal environment also includes culture and other intangible aspects like teamwork, coordination, efficiency level of employees, employee’s salaries and monitoring costs. The strategy for competition should also be in sync with the internal resources especially the internal environment.
Internal Environment is the review that looks at the company operations, internal guidance as well as mission. Internal environment does consist of the value – chain analysis as well as the research based view tool.
The internal environment analysis focuses on current marketing strategy and performance, present and anticipated organizational resources, current and projected cultural and structural issues, and the customer environment. On the other hand, the external environment addressed competition, economic growth and stability, political trends, Legal and Regulatory Issues, technological advancements, sociocultural trends, and the SWOT analysis.
The internal environment consists of the inherent competencies of the firm and the structure of its internal systems and processes. It is imperative for the organization to conduct an internal analysis
As the name suggests, “internal” business environment refers to internal factors and resources that affect the running of the business. This primarily includes the workforce where the employees play a vital role in affecting company’s performance. If a company has well trained or motivated employees, that company is likely to get good output from them. However, if the same company recruits unmotivated employees who do not perform well or dig in their heels when a new plan arrived, this will affect that company’s production levels and ultimately hinder its profitability. Another factor to consider is all the capabilities that a company possesses. The tool used to monitor them is the resource based