Week 7 – Assignment: Develop Budgeting Strategy and Evaluation Strategy

Week 7 – Assignment: Develop Budgeting Strategy and Evaluation Strategy

Week 7 – Assignment: Develop Budgeting Strategy and Evaluation Strategy

Instructions

Before beginning this assignment, please read the requirements of the milestone project in Week 8 so that you have a better understanding of how this assignment fits into the final marketing plan.

Marketing Budget Plan:

  • Describe how you plan to allocate your budget to each promotional activity. Provide a brief rationale.
    • First, when developing a marketing budget plan, you want to start with the total budget available to spend on a campaign. This budget figure works as a constraint to keep your plans in line with the available resources.
    • Second, think about the promotion mix you have in mind. Will there be public relations or advertising? Digital or traditional? Any sales promotion activities? And so forth. List the different methods and key tools you plan to use, and then determine how much of your budget you plan to spend on each (please use a table or pie chart to demonstrate how you will allocate the budget).
    • Finally, please provide justification for your decisions in your budget plan.

Marketing Assessment Plan:

  • Assess the performance metrics that can be used to evaluate the success of your marketing plan.
    • Discuss/assess at least three metrics to measure marketing strategy.
    • Recommend the appropriate metrics to use for your marketing plan.

Length: 3-5 pages

References: Support your paper with a minimum of three scholarly/peer-reviewed resources published in the last 5 years. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.

Your presentation should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic.

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By | 2019-10-16T23:44:31+00:00 October 16th, 2019|Uncategorized|