Course Content
Prepare to write marketing plan
This topic involves preparing to write a marketing plan by researching market conditions, consulting with stakeholders, reviewing previous plans and performance, and gathering necessary information for plan development.
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Marketing plans – prologue
01:03
Overview of a marketing plan
03:55
Conducting research to understand your market
06:37
Competitor analysis
03:02
The marketing mix
04:07
Write a marketing plan
In this topic you'll create a marketing plan by establishing marketing objectives aligned with organisational goals, crafting strategies in compliance with legal and ethical standards, setting budgets and timelines, outlining action plans, and creating a performance review strategy to assess organisational performance against marketing objectives.
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Drafting the plan details
02:46
Marketing tactics and action plans
05:19
Finalise marketing plan
In this stage, you'll conclude your marketing plan by presenting it to relevant stakeholders for approval, making necessary adjustments based on their feedback, distributing the finalised plan for implementation within set timeframes, and ensuring it's stored in accordance with organisational policies and procedures.
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Presenting the plan in person
06:06
presenting the plan in written form
03:46
Program review
BSBMKG623 Develop marketing plans
About Lesson

Marketing tactics are the tools used to achieve the objectives stated in the Business or Marketing Plan and in the Marketing Strategy in particular. In effect they are the actions and planned events within the organisations day to day operations that ultimately lead to the completion of strategic marketing objectives.

Ensuring the tactics are achievable sounds obvious. For example, if the planned tactics need significant funds which the organisation does not have, then the marketing strategy will not be achievable.

Discussions about marketing strategies and tactics should include input from relevant stakeholders to ensure the approach is achievable. It also has the effect of improving the buy in of senior managers.

A marketing action plan allows you to put more detail behind the marketing strategies, by spelling out the tactics – what needs to happen to achieve your set objectives. It also clearly states the budget allocation, including costings for each aspect of the plan.

The formatting and presentation of an action plan will depend upon individual preferences; MS Excel spreadsheets and Gantt charts are two common options. Whatever the format, it needs to be updatable, easy to follow, workable and include the following:

What – Addresses each set objective

How – Identifies the tactics, or what needs to happen, to achieve each objective

Who – Identifies who needs to complete each tactic – identify which stakeholders you need to have on board to implement the plan and who is accountable for each tactic. If the organisation does not have the talent to achieve aspects of the plan, talent from outside the business may need to be sourced.

When – Assigns a critical timeline for each tactic to be achieved. The marketing action plan should be broken down into short and long term goals, for example 3, 6, 12 months. This will help you track the performance of the overall plan and allow you to assess what in the plan may need to be changed to keep you on track. Make sure your marketing action plan timeline corresponds with the timelines you have identified in your SMART objectives.

Metrics – Addresses how each tactic will be assessed and measured to meet the overall objectives. For example, top line sales figures, product distribution costs and so on.

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