Definition: a Marketing Plan is a strategic document outlining an organization’s approach to promoting its products or services to achieve specific goals. It includes market research, target audience analysis, marketing objectives, strategies, budget, and timelines. Key components are the 4Ps: product, price, place, and promotion. The plan helps allocate resources, define campaigns, and measure success, ensuring alignment with overall business goals and effective market positioning. |
More on marketing strategy: 4C Marketing Mix, Attack Marketing Strategies, Co-Marketing, Defensive Marketing, Marketing Alliance, more on marketing strategy... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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