- Meet with your assessor to discuss performance of the marketing mix against Such objectives may be, for example, operational, customer-satisfaction related, or financial.
- Evaluate performance against objectives.
- Identify areas of poor performance to be adjusted and Evaluate the implications of altering one or more components of the marketing mix in relation to market factors and consumer response.
- Consider possible adjustments to components of the marketing mix in response to performance, ensuring that the final mix meets:
- budget requirements
- organisational strategic objectives
- operational marketing objectives
- desired market positioning
- internal and external requirements of the organisation.
- Prepare a written report to:
- outline performance of the marketing mix against objectives
- outline proposed changes, using the results of monitoring performance to argue for changes
- outline and explain impact of changes on planning and marketing or organisational budgets
- explain relevance of organisational policies and relevant legislation, regulations and codes of practice
- outline a monitoring strategy to ensure changes to marketing mix meet objectives, including clear objectives, performance benchmarks, responsibilities, and regular monitoring activities within a set timeframe.
Note: Ensure your report is written in a style and uses language appropriate to a senior managerial audience.
- Submit your report, including planning, budget changes and monitoring strategy, to your assessor in the agreed format and within the agreed