The project outline details a marketing plan for BB Holistics to be carried out by Team 4 from February 15th to March 10th, 2021. The plan involves 5 phases: an analysis of the industry and company in Phase 1, defining marketing objectives and target audiences in Phase 2, developing the marketing mix of product, price, place, and promotion in Phase 3, creating a budget in Phase 4, and proposing a marketing plan for monitoring and evaluation in Phase 5.
The project outline details a marketing plan for BB Holistics to be carried out by Team 4 from February 15th to March 10th, 2021. The plan involves 5 phases: an analysis of the industry and company in Phase 1, defining marketing objectives and target audiences in Phase 2, developing the marketing mix of product, price, place, and promotion in Phase 3, creating a budget in Phase 4, and proposing a marketing plan for monitoring and evaluation in Phase 5.
The project outline details a marketing plan for BB Holistics to be carried out by Team 4 from February 15th to March 10th, 2021. The plan involves 5 phases: an analysis of the industry and company in Phase 1, defining marketing objectives and target audiences in Phase 2, developing the marketing mix of product, price, place, and promotion in Phase 3, creating a budget in Phase 4, and proposing a marketing plan for monitoring and evaluation in Phase 5.
Website: https://bbholistics.com/ Team Members: Madhavi, Nuwani, Himath, Sahan & Shehara Project Time Frame: 15th February to 10th March 2021
Phase 1 Situational & Environmental Analysis Feb 16th 2021
Industry analysis regarding the blanket market Company strengths and weaknesses analysis Competitor analysis for BB Holisitics Customer analysis (segment of customers based on demographics, geographics, buyer behavior, etc.)
Phase 2 Marketing Strategy Feb 22nd 2021
Identify and define company objectives & marketing objectives Segmentation and target audiences Product life cycle stages and the current state
Phase 3 Marketing Mix for BB Holistics Feb 28th 2021
Product (Type, Features, Identification, Productions and Deliver) Pricing Strategy Place – Channels of Distribution, Location of Facility, Transportation Costs, Profit Margin Promotion – Advertising, Website, Social Media
Phase 4 Budgeting March 5th
Phase 5 Proposed Marketing Plan (Control & Monitoring) March 10th
Feedback Mechanism (Monitoring the Progress) Evaluation Process Performance Objectives (Market Share, Profit Margin, Market Penetration, etc.)