Marketing Plan Reluanch Re-Launch Plan Essay

Second, the reliability and ruggedized nature of the device needs to further be underscored to show that it is trustworthy and can still function even under adverse situations. Third, the ingenuity of the design and its creative use needs to be brought out more. The suction cup bracket is a case in point as is the continuous power saving feature of the RSP-150 Solar Power Maintainer. Re-launch to All Sales Teams

One of the most common reasons that initial product introductions fail is the lack of confidence in the product by the sales force, or lack of awareness as to what it can accomplish for customers (Easingwood, Harrington, 2002). In the re-launch of the RSP-150 Solar Power Maintainer both the direct and indirect sales teams need to be thoroughly trained on how to sell using benefits first. Extensive training materials are also necessary in addition to WebEx and other distance learning programs to get direct sales and indirect channel partners focused on how to sell more effectively.

Integrated Marketing Communications and Promotions Strategy

With the goal of increasing customer awareness by 40%, sales by 20% and attaining a market share of 25%, the extent of how well the integrated marketing communications strategy and promotions strategies are is key. Repositioning on product attributes alone will only go so far; the best product re-launch activities galvanize integrated marketing communications (IMC) and promotions strategies around a common set of benefits (Sommers, Nemec, Harris, 1987). This is a major milestone in the overall performance of the re-launch plan as it will directly contribute to sales growth.

Measurement Devices

Most important to the success of the re-launch is the continual focus on feedback and results. The first measurement device will be an analytics application that is available over the Internet using a Software-as-a-Service model, much like what Salesforce.com has with their products online. The reliance on immediate, real-time feedback is essential for any marketing strategy to stay focused and on the path to completion (Hauser, 2007).

The second measurement device will be the 360-degree feedback from the direct and indirect channel partners as to how the program is meeting their needs or not. Using advanced analytics to measure these aspects of performance is also essential for any IMC and promotional strategy to continually attain its objectives...

...

In the event sales are up the practices that led to the sales increase will be replicated across other channels, and if they are down, corrective action will be taken.
Second, weekly and monthly profits of the RSP-150 Solar Power Maintainer will be calculated and used as the basis of profitability analysis over time. Often the use of analytics in conjunction with pricing can deliver exceptional insights into how a given product is performing (Sunoo, Lin, 1978).

Third, the impact of each marketing incentive, strategy and promotion will be evaluated and ranked in real-time reporting back to marketing and senior management as to the Return on Investment (ROI) of each program. The latest marketing automation applications can rank programs by their relative level of profitability performance, and this is critical in a re-launch scenario (Germann, Lilien, Rangaswamy, 2013).

Cite this Document:

"Marketing Plan Reluanch Re-Launch Plan" (2013, May 11) Retrieved April 16, 2024, from
https://www.paperdue.com/essay/marketing-plan-reluanch-re-launch-plan-88579

"Marketing Plan Reluanch Re-Launch Plan" 11 May 2013. Web.16 April. 2024. <
https://www.paperdue.com/essay/marketing-plan-reluanch-re-launch-plan-88579>

"Marketing Plan Reluanch Re-Launch Plan", 11 May 2013, Accessed.16 April. 2024,
https://www.paperdue.com/essay/marketing-plan-reluanch-re-launch-plan-88579

Related Documents

The company tried breakfast food with little success, and failed at branching out into music as well. Overall, there is little evidence that Starbucks can be anything other than a coffee company. Despite the weaknesses, there are a number of great opportunities in the market. The best is the opportunity that Starbucks is already pursuing in emerging markets. There is a strong focus on Asia and the Middle East. The

The difference in country's economic condition makes Coca Cola to fix difference prices for the same product across different countries. 3.2: Integrating Pricing strategy with branding strategy ATC will use a unique brand position to ensure that customer accept prices fixed for its product and services, and the company will use differentiation strategy to make customer accept the prices fixed for its product. By creating a strong brand position, ATC will

Marketing Plan Description of the Product The product is coffee, or specifically it is high end coffee, expertly roasted and made available to coffee shops, institutional customers and retail customers over the Internet. There are several elements to the product. The first is the beans, which are sourced from equatorial regions around the world. There are different breeds and cultivars of coffee available on the market. Coffee, like wine grapes, picks up

Safety of participants; 2. Welfare of participants; and, 3. Quality of course offerings. Critical Issues The critical issue facing this enterprise is the need to provide a rigorous and challenging survival course while ensuring that its features are safe and that all participants will be able to complete the training with support and will find the experience empowering, exciting, satisfying and even fun. Marketing Strategy Mission The mission of the survival course instructions provided by the

Marketing Plan for Coca-Cola Marketing Plan for Coca Cola Coca-Cola, the most valuable brand in the beverage industry has the largest customer base, the strongest brand image, and a huge supply chain and distribution network all over the world. The Coca-Cola Company formulates effective marketing strategies to present its Coca-Cola drink to its most potential target consumers in the local and international markets. Coca-Cola is widely available in more than 200 countries

There is also the potential to expand the product line beyond the initial Tablet PC to support more advanced and customized configurations through the build-to-order strategy. There is also a very significant upside potential with accessories as well, which could become very high margin in the future. Finally there are significant threats from Apple and others who also are seeking to create a dominant market position for themselves in