Homework: Summarize a marketing strategy for Lee's business addressing each part.
Part A: Mission
Redefine Lee's Mission. Lee's current mission is more of a product-oriented mission statement. For example, "We sell flowers" or "We make pizza."
a. Write a marketing-oriented mission statement for Lee's business.
Part B: Situation Analysis
Organization Strengths and Weaknesses:
a. Describe methods that Lee could use to identify her internal strengths and weaknesses information. For example, some businesses use secret shoppers to identify an organization's strengths and weaknesses. Explain your response.
Environmental Scan:
a. Who are the direct and indirect competitors for Lee's business located in your area?
b. Using sources like the U. S. Census Bureau (Go to Browse by Topic), describe the demographics affecting Lee's business in your area.
c. How is technology being utilized in the industry assigned that might have a positive or negative impact on Lee's business?
d. Identify Lee's competitive advantage against her direct and non-direct competitors in the city nearest to where you live.
e. Finally, define the term "sustainable competitive advantage" and explain what advice you would give to Lee in her quest to build a sustainable competitive advantage.
Part C: Marketing Objectives
a. Set Marketing Plan Objectives for Lee's (see page 25 of your text).
b. Identify at least two S.M.A.R.T. goals (i.e., Specific, Measurable, Achievable, Relevant to the Mission, and Time-bounded).
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.