Marketing Management
Eden tea is the company
Marketing Management Unit #1 Project Milestone Activity
Submission In this unit, marketing’s role in the achievement of an organization’s objectives was introduced. Practice: Imagine your company (or the business where you’d like to work) has asked you to analyze organizational goals and objectives in the framework of a marketing plan. This is just an introduction to your marketing plan. Throughout this course each unit assignment will be developed as part of your Final Project Marketing Plan. Introduction to a Marketing Plan: Aligning with Organizational Objectives · What are your company’s goals and its objectives? How does your company achieve this goal and its objectives? o e.g. Starbuck’s goal is “To inspire and nurture the human spirit- one person, one cup, and one neighborhood at a time.” · What is your company’s product along with the problem it solves? · Describe the market for your company’s product. o Is there competition? How many? What is the competitions’ market share? · Describe your company’s unique niche in the market. o Suggestion: Outline the market using SWOT approach by listing the company’s products: strengths, weakness, threats and opportunities · Introduce one financial metric and one performance metric that is important to the final marketing plan. (It is not required to add this metric, yet. Just describe each metric and its importance to the plan.)
Solution PreviewThe Eden Tea Company must employ an effective marketing plan to introduce its herbal tea in the market. Currently, tea is the second most consumed beverage after water. Its consumption rate is likely to increase in the coming…