8.2 The Importance of a Marketing Plan
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If entrepreneurs are just starting a business, one of the biggest questions they probably have would be how to attract new clients? |
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Creating a marketing plan can help entrepreneurs focus on those pressing and vital activities that will likely generate more product awareness, leading to trials, leading to satisfaction, leading to re-purchase, leading to loyalty, and leading to overall product success. |
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The significance of having a marketing plan is restated in all schoolbooks, thesis, proposals, mentor terminology, and classroom that coach marketing and management. |
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It is insisted upon by CEO's, superiors, managers. |
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A marketing plan furnishes enterprises with the right degree and intensity of focus so that deficits are known and the appropriate actions to amend them are recommended. |
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A marketing plan also offers the enterprise with objectives and targets that must be attained. |