Eastern Gateway Community College Crumbl Cookies Marketing Plan Paper
Description
- For this Marketing Plan, I am conducting research on the company, Crumbl Cookies. I asked my professor how long the answers should be for each question and this was her response, “Remember… Brevity is more. Sufficient words to answer the question, but fluff has no place in this MP. Business-like. I do not count words, I review for substance. Think about how you would write a report for your boss. Short. Sweet, Thorough. Accurate. In-text cited and Referenced (if need). I am not concerned that anything you submit will be too long or too sort. Goldilocks Zone. Make sense?”. Please provide in-text citations and references throughout the Marketing Plan. Please use APA Format.
Company Profile
- Company Name: Crumbl Cookies
- Industry: Food and Beverage
- Headquarters (city, state, country): Orem, Utah, United States
- Year founded: 2017
- The number of employees: over 5,000
- Annual revenue (estimated):
- Major products and/or services: Cookies and ice cream
- Target customers:
- Distribution channel(s):
- Key competitors:
- Link to website: https://crumblcookies.com/
- Link to Yahoo! Finance information page (for public companies):
Market Segmentation & Targeting
- What problem does your product or service solve?
- Describe the total market for your solution: Who are potential customers?
- What are the key segments within this market?
- Identify and briefly describe 1-3 segments that this company serves.
- Which segment does this marketing plan focus on, and why? Why do you believe this segment will offer growth and profit opportunities?
Situation and Company Analysis
Economic Environment
Discuss factors that affect your consumers’ purchasing power and spending patterns. What is the economic environment that you are operating in? Is it growth, recovery or recession? Will it be easy to find staff? What is the current interest rate i.e. is it increasing or decreasing? What is consumer confidence like?
Technical Environment
The technological environment changes rapidly. You need to make sure that you are aware of trends in your industry and other industries could affect your business. New technologies create new markets and can influence your consumers and competitors.
Industry Environment
What are the trends in your industry? Are there new entrants in the market? Has a substitute product been introduced? Are there changes in industry practices or new benchmarks to use?
Competitive Environment
How many competitors do you have? Who are the key competitors? What are the key selling points or competitive advantages of each one? What is your advantage over competitors? Is the market large enough to support you and competitors?
Political Environment
Consider the political environment for the areas that your business will trade and operate in. Is there a stable political system? Are there any licenses and regulations that you should be aware of? Do you need to win support to be able to operate?
SWOT Analysis
Instruction: Complete the table below with descriptive responses and explanation as you answer the questions below, remembering that Strengths and Weakness are INTERNAL to the organization and Opportunities and Threats are EXTERNAL (i.e., C-PEST <competitive, political, economic, social, technological> that are not in their direct control).
|
HELPFUL Ideas |
HARMFUL Concerns |
Internal |
Strengths
|
Weaknesses
|
External |
Opportunities
|
Threats
|
Mission, Objectives & Goals
State the mission or business purpose: what the organization wants to achieve, in market-oriented terms. (Example: Disney’s mission could be, “We create happiness by providing the finest in entertainment for people of all ages.)
List three (3) objectives that move the organization a step closer to achieving the mission. (Example: A Disney objective could be, “To be the most popular theme park for international visitors.”)
Convert objectives into specific marketing goals that are easy to measure and evaluate, e.g., SMART. (Example: The company’s goal is to increase market share of international theme park visitors by 10% within the next two years.”)
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