It is time to refresh some knowledge, pick up the books, study some new stuff and apply what you learn, in reality. I’m talking about the phenomena: study. A high percentage of my time-off-work will be spent on a Master in Marketing for the coming months and my plan is to reflect the steps I’m will be taking, but applied on my project www.teterum.com to make it more «down-to-earth».
For every step taken in this process I will add a link to the post here:
Steps to take when setting up a Marketing Plan
Three different phases will take us through these steps
1) Analysis of the External environment (see intro)
2) Analysis of the Internal environment (see intro)
3) Diagnostic of the situation (SWOT etc)
4) Taking strategic decisions
– Setting mission, vision, values, corporate culture
– Corporate strategies
Defining the business
Defining the portfolio of products or services
Defining competitive strategies
Defining strategies for growth
– Functional strategies
5) Taking operational decisions
– Action plans
– Prioritization of activities
– Budgeting and financials
The project I have chosen is the one I launched with Ivan Ruiz Sevilla in September. We are still making changes and listening a lot to our customers for the pilot market – Spain – we decided to go for.
This is the perfect project to work with as it’s a Start-Up project based on a MVP (Minimum Viable Product) strategy with a limited time of test time to detect the market demand.
Have you worked with a Marketing Plan lately that you would like to share? More than happy to share experiences