Your final portfolio for the class will be to create a marketing planfor an existing company and product/service of your choice. If you arechoosing a large global company, you MUST create a new product. However,this new product may be an upgrade of an existing product. You willneed to select a company that you have not used for your otherassignments in the class. Your plan information should address all areascovered in this course for a marketing plan. The library’s page on Company Research can help you get started. The library database Gale Virtual Reference Library has a number of Business books to help identify a target market.Use the marketing planthat is a required reading for this module for your final portfolioproject, as a broad guide. The marketing plan document is essential tobusiness strategy and is a focal point of this introductory class. Theessential information of a marketing plan is outlined in this documentand will serve as the blueprint for your portfolio project due thisweek.Below is the outline to be followed for this assignment:Executive Summary: This provides everything a busy executive needs to know to invest (or not) in your proposal. It captures your key proposal and recommendations/decision factors, and projected outcomesof the plan’s recommendations. Note this is not an introduction to themarketing plan. Typically, this is written after the entire marketingplan has been compiled. (1/2 page)Company Overview (1/2 page)Situational Analysis (includes a SWOT analysis): Identify at least two significant factors for each of the 4 SWOT components. Identify applicable trends that are statistically supported.Competitive Analysis: Create a comparative chart and discuss key aspects. (1-2 pages)Identify Objectives or Goals: Briefly describe yourproposal… describe what’s new and why. What is the opportunity to beaddressed or the problem to be solved? (1/2 page)STDP Segmentation: Define andexplain why this is needed; explain the segmentation approach (such asthe use of demographics) and name market segments. Targeting: Define and explain why this is needed and estimate the size your target market. (1 page)Marketing Strategy and Positioning: Explain and support your marketing mix component decisions (4Ps), using academic concepts and academic reference sources. Discuss whether your company has a competitive advantage in each section of the marketing mix (4Ps).Positioning: What do you want your customer tothink of when regarding your brand, product, proposed product? Take ananalytical approach to this section. Create at least one perceptual map (as applied to differentiation or positioning). (1 page)How will Marketing Research be used to support the planning, implementation, and monitoring process? What research methodologies will be used? Add a sub-section on ethical and/or legal factors, plus a CSR (corporate social responsibility) strategy summary. (1 page)Financial Projections: Present a summaryspreadsheet. For example: years 1, 2 and 3 units sold, sales volumes.Estimate marketing expenses for promotions/advertising. What is theprojected timeline of the product life cycle’s introduction and growth stage? (1 page maximum)Implementation Plan: Identify specific tactics andsteps that will be taken (primarily focused on distribution, marketingcommunications, promotion, PR, for example). Create a chart depicting your advertising/promotion plan with actions, time frame, media choice, for example. Include a Marketing Plan.Technology sub-section: How will marketingtechnology be used throughout the marketing process: marketing research,communications, promotions, monitoring, for example? (1 page)Evaluation and Control Metrics: How will youmonitor progress of outcomes in your plan? How will you define andmeasure success? Connect these to your objectives and goals. (1/2-1page)Conclusion (1 paragraph)Other: The following are requirements for your portfolio project:8-10 Word pages in the body of the paper. Estimated page counts are listed above in each section.Use APA format! Do not enumerate the sections—use regular APA heading format and please use plenty of headings and sub-headings according to CSU-Global Guide to Writing and APA Requirements. Develop full paragraphs and full sentences.Apply marketing models, theory, terminology, and concepts throughout the plan.A minimum of 6 references (in addition to course materials like the textbook or articles). At least 2 of these being peer-reviewed articles. The CSU-Global Library is a good place to search for credible, scholarly sources.READ THE PORTFOLIO PROJECT RUBRIC IN DETAIL(pre-loaded into the course website). Note that there are additionalaspects that need to be addressed, such as applying critical thinking.Please do not choose Coca-Cola, Apple, Nike, and Adidas. I have used these companies for my other assignments.
Your final portfolio for the class will be to create a marke