Introduction and Terms of Reference
From 1999 to 2000 Manchester United PLC 's (MU) pre-tax profit has fallen from £22.4m to £16.8m. This drop in profit of £5.8m needs to be addressed. One of the main issues that needs to be looked into due to a fall in profit is the marketing of the MU. In order to identify any problems or gaps within the Marketing Strategy of MU, it is necessary to undertake a Marketing Audit, looking at both internal and external factors, and from this develop a Market Research Plan to look into gaps identified in the Marketing Audit.
Methodology
The Marketing Audit will look at the current situation of Manchester United with regard to Marketing. It looks at the following:
* External Factors
* Company Stakeholders
* The Market
* Resources and Skills Available to the company
The Marketing Audit will examine both Macro-Factors, sometimes referred to as STEP, and Micro-Factors within the company. The main method of carrying out a Marketing Audit is to examine MU 's Strengths, Weaknesses, Opportunities and Threats, or the SWOT Analysis, developing strategies based on this.
From this Marketing Audit, there should be gaps identified in MU may need to research into in order to develop strategies to improve their financial performance over 2001. From the findings of the Marketing Audit, a Market Research Plan will be developed for MU.
Findings
The main part of the Marketing Audit is to identify MU 's Strengths, Weakness, Opportunities and Threats.
“It’s my agent, Ryan Tollner. —Hello? —Hi, Nate. Have you heard anything from the Broncos? —No. —They’re releasing you today. No one called you? —No. —Wow. All right, we’re going to find you another team.”
A marketing audit is a function, in the context of management operations, by which the assessment of the implementation of strategic marketing at tactical level is attempted. The application of marketing audit results in testing the compatibility and comparability of the objectives, sought to be implemented within the marketing strategy, with measurable targets which are achieved in reality. This can be implemented through the presentation and analysis of results in different areas of business operation which affect the application of marketing throughout the company. Thus, a marketing audit is implemented in the following areas:
To assist you with the marketing audit, Rose gave you a copy of the marketing plan and provided the following research data for you to use in your report:
Analyse the research findings and make recommendations on how marketing strategies could be adapted or implemented.
In Tina Fey’s memoir of her life, Bossypants, she provides many examples of challenging the ideas of femininity in today’s modern society. This is important because it shows younger women that despite the inequalities for women in the workplace, the inequalities can be overcome, and women can go on to live successful lives with the careers that they want. In Bossypants, Fey tells different anecdotes about the struggles that she ran into during her position as a female writer in Saturday Night Live and how these struggles ultimately made her a better writer and person after she had overcome them. In today’s society, one of the biggest examples of inequality in the workplace is that in the majority of the fields, females get paid significantly less than their male co workers who do the same job. The book Bossypants is the perfect example of how to educate the audience about important issues such as inequalities in the workplace while also keeping the audience entertained with one-liners and different forms of comedy throughout the whole story. It is important that Fey talks about these examples because she shows that even though she may have struggled and that her male co workers were not always supportive of her, she did her best anyways and she worked to become the boss so that she could be in charge of her own work. In Bossypants, Tina Fey talks about the struggles of being a female writer in her field, and how to focus her energy on her work to become the boss. She elaborates on the inequalities of women in the world of employment and how these inequalities can affect women’s careers.
Scenario 1: A 5-year-old child arrives in the emergency room with her father who does not readily understand or speak English. The little girl has severe arm pain and is visibly scared. Her dad insists he accompany her into the imaging suite and only wants a female tech to do her study.
The audit will discuss the current objectives and future strategies of the brand, current promotional, product and price
can also vary substantially at a global level, and while the more recent economic pressures
In this assessment task you are required to review and evaluate marketing opportunities for an organisation and develop marketing activities that reflect the strategic directions of the organisation.
The main purpose of the research is analysing the overall business environment of M&S. The research will be carried out to identify the current issues facing by M&S as a specialist strategic marketing consultant. It explores the relationship between stakeholders and perception of customer attitude toward the organisation. In addition, it finds out the competitive position with rivals, sustainability strategy, marketing tactics, and management structure of communication system, which is presented through strategic audit. However, this analysis helps to understand the clear marketing strategic position of M&S. The research is gathering the evidences of strength and weakness, which is useful to determine future
I am currently involved in an MBA marketing class at the Falls School of Business – Anderson University. I have been asked, as part of a marketing audit, to assist in building a marketing plan that analyzes a portion of the “Situation Analysis” of such plan, for a particular Strategic Business Unit (SBU), or actual work unit, at my place of employment. The process for building a marketing
An evaluation of the company’s internal strengths and weaknesses and external opportunities and threats served as the foundation for this strategic analysis and marketing plan. The plan focuses on the company’s growth strategy, suggesting ways in which it can build on existing customer relationships.
The focus of discussion is the coordinated activities of the network of producers of goods, services and experiences which seek to satisfy their customers. Emphasis is placed on marketing strategy formulation and the use of strategic marketing mix elements in developing and maintaining a market orientation and assessing organisational performance. Aspects of marketing such as marketing research, customer behaviour, product innovation and marketing communication are also examined. MMK277 Marketing Management Nil Four hours of class contact per week are allocated to this unit.
Assess the value to small businesses of carrying out marketing audits. Illustrate your arguments with reference to an existing small business of your choice
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