Marketing 12th Edition by Charles Lamb,Charles Lamb,Joe Hair

Exercise 10

Throughout the rest of this book, these end-of-chapter marketing plan exercises wil help you build a strategic marketing plan for a company of your choosing. The company you choose should be one that interests you, such as the manufacturer of your favorite product, a local business where you would like to work, or even a business you would like to start yourself to satisfy an unmet need or want. Once you've completed the marketing plan exercise for each chapter in Part 1 of this textbook, you can complete the Part 1 Marketing Planning Worksheet on your companion Web site at www.cengage.com/marketing/lamb. Use the following exercises to guide you through the first part of your strategic marketing plan:
Begin a SWOT analysis by determining the primary strength of your company by asking, "What is the key differential or competitive advantage of my firm?" What are other keys to the potential success of your company? What other strengths can your firm capitalize on?