The document is about a marketing planning lecture and written work for an IBDP-1 Business Management class held on December 2022. The reading work defines marketing planning as the structured process used to formulate marketing objectives and strategies to achieve goals like increasing market share. A marketing plan is created to help implement these strategies. Marketing planning helps businesses identify customer needs and wants to improve their marketing and chances of success. For written work, students wrote the advantages and disadvantages of marketing planning and reflected on their work.
The document is about a marketing planning lecture and written work for an IBDP-1 Business Management class held on December 2022. The reading work defines marketing planning as the structured process used to formulate marketing objectives and strategies to achieve goals like increasing market share. A marketing plan is created to help implement these strategies. Marketing planning helps businesses identify customer needs and wants to improve their marketing and chances of success. For written work, students wrote the advantages and disadvantages of marketing planning and reflected on their work.
The document is about a marketing planning lecture and written work for an IBDP-1 Business Management class held on December 2022. The reading work defines marketing planning as the structured process used to formulate marketing objectives and strategies to achieve goals like increasing market share. A marketing plan is created to help implement these strategies. Marketing planning helps businesses identify customer needs and wants to improve their marketing and chances of success. For written work, students wrote the advantages and disadvantages of marketing planning and reflected on their work.
Date: Dec 2022 Unit Name: Unit 4.2 Marketing planning
Name: Roll No:
Div: A&B
Marketing planning
Reading work
Marketing planning refers to the structured process of formulating marketing objectives
and appropriate marketing strategies to achieve these goals. For example, businesses will typically aim to increase their market share. Marketing planning is about formulating the various marketing strategies to achieve this goal. A marketing plan is devised to facilitate this. The role of marketing planning for a business is to identify the needs and desires of its customers and devise approaches to meet these. Hence, it helps to improve the firm’s overall marketing and its chances of success.
Written work
students need to write the advantages and disadvantages of marketing planning on a
white sheet provided by the teacher or in their BM notebook.
Reflect
Students need to reflect on written work at the end of the session.