Course review

4.2 Marketing planning

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Learning objective

4.2.1—Role of marketing planning

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• Analyse the role of marketing planning • Marketing planning aligns research, objectives, strategy, budget, and marketing mix decisions

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Learning objective

4.2.2—STP and position maps

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• Apply segmentation, targeting, target market, positioning, and position maps • STP helps businesses choose customers and communicate differentiated value

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Learning objective

4.2.3—Niche and mass markets

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• Distinguish niche market and mass market • Niche markets focus on narrow segments; mass markets target broad demand

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Learning objective

4.2.4—Unique selling point

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• Analyse importance of having a unique selling point or proposition (USP) • USP helps differentiate a product or business from competitors

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Learning objective

4.2.5—Differentiation

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• Evaluate how organizations can differentiate themselves and their products from competitors • Differentiation may use branding, quality, design, service, innovation, price, or distribution

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