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A marketing plan is your road map for finding and keeping customers. By planning your marketing step by
step, you give your company the best chance of success in today’s competitive marketplace. From
establishing a strong brand to understanding your ideal customer to creating a compelling buying
experience, the time you put into planning now will pay off many times over in the months and years to
come.
TABLE OF CONTENTS
DEFINE YOUR BRAND
What is your vision statement? ..................................................................................................... 2
What is your value proposition? .................................................................................................... 5
What is your positioning statement? ............................................................................................. 5
A strong brand is the foundation for your company’s success. To build a great brand, you need to be
clear about why you’re in business and where you want to take your company.
You may find yourself returning to this section to fine-tune and adjust as you work through the full
marketing plan and clarify your understanding of your target customers, competition and market
opportunities.
2
MARKETING PLAN
Part 1 Define your brand 5 MARKS
3
MARKETING PLAN
Part 1 Define your brand 5 MARKS
4
MARKETING PLAN
Part 1 Define your brand 5 MARKS
This is typically two or three simple sentences that explain what you want to achieve, your core
values and how your brand reflects them.
Our mission is to free people from the cold—no matter where they live—and empower them to
experience more from life. Founded in a small warehouse in Toronto, Canada almost sixty years
ago, Canada Goose has grown into one of the world's leading makers of luxury apparel. Building
the best, warmest, most functional Product in the world using premium quality and design,
authentic craftmanship, thermal mapping, conduro fabric and its light weight.
Made With Merino Wool and Thermal Mapping® for Warmth Where You Need It. Shop
Knitwear. Designed With Cordura® Fabric and Open-Knit Construction for Added Durability. .
Authentic Craftsmanship. Premium Quality & Design. Types: Parkas, Lightweight Jackets,
Knitwear, Lightweight Down, Accessories, Rainwear
Frankly, there's no more compelling way to engage consumers with our unique value
proposition than being put to the test – through the experiences of real people with real needs
that are being met through the utility our jackets provide.
Canada Goose has remained fad-proof. “From the beginning, we’ve built Canada Goose as the
best, warmest, most functional product in the world.” Our Product is made in Canada
5
MARKETING PLAN
Part 2 Identify your customers 10 MARKS
The purpose of a business is to create and keep a customer. This makes understanding
customers the top priority of any business.
Create three personas or imaginary individuals. They should correspond to the most important
customer segments you want to attract. For example, a coffee shop near a university might be
going after students, parents of young children and the local business crowd.
Your personas will help you visualize the customers you are targeting and develop brand
messages and marketing tactics that will resonate with them.
What is their
demographic profile? 33 years banker 25 years Model
Age, sex, profession, $75,000 a year $90,000 a year
income, social status, Married Single
education, etc. Business Graduate Fashion Designer
6
MARKETING PLAN
Part 2 Identify your customers 10 MARKS
7
MARKETING PLAN
Part 3 Understand your competitors 10 MARKS
You must understand what your competitors are doing and how their products or services stack
up against yours. Analyze your competitors’ websites, product documents, brochures and catalogues.
Talk to their customers about their needs. And don't overlook the opportunity to learn more
by talking directly to the competition.
How long have The company was Burlington Coat Factory became a
they been in public company for the first time
business? established in 1920 with an IPO in June 1983. The
Company operated 31 stores at the
in Seattle by Pacific time of the IPO, and with the
Northwest outdoorsman, Ed capital raised proceeded to double
its store count to 68 stores by 1985.
die Bauer (1899–1986). In
1940 Bauer patented the
first
quilted down jacket.[3] He
later patented numerous
other designs. The company
was the first independent
company which the United
States Army hired and
allowed to use a logo on the
Army-issued uniform.
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MARKETING PLAN
Part 3 Understand your competitors 10 MARKS
What are their Eddie Bauer describes their Burlington’s target market is
target target market as educated,
markets? active, married, in their 40s, women of Generation X.
and wealthy. Customers Generation X includes the forty-five
that shop in the retail stores
might have the body shape million people that were born
that is average or between the years 1965 and 1976,
“common,” as the case
study states. also known as the “birth death”
according to the fourteenth edition
of the book titled Principles of
Marketing, written by Kotler and
Armstrong.
What are their Eddie Bauer, inventor of the Large assortment of current, high-
unique selling
points, down parka, made his name quality, designer and name-brand
competitive synonymous with high- merchandise at up to 70% off
differentiators
? quality outdoor clothing and department store prices.
sporting goods. An avid
outdoorsman, Bauer opene Segment: Middle/upper middle
d a small sporting goods class
store in downtown Seattle
in 1920 Target Group
9
MARKETING PLAN
Part 3 Understand your competitors 10 MARKS
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MARKETING PLAN
Part 3 Understand your competitors 10 MARKS
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MARKETING PLAN
Part 4 Analyze your business 10 MARKS
Now it’s time to take a hard look at your own business. You do this with a classic SWOT analysis—
defining your Strengths, Weaknesses, Opportunities and Threats.
Strengths
What characteristics does your business possess that give it an advantage over others?
Strong dealer community – It has built a culture among distributor & dealers where the
dealers not only promote company’s products but also invest in training the sales team
to explain to the customer how he/she can extract the maximum benefits out of the
products.
Superb Performance in New Markets – Canada Goose Holdings Inc. has built expertise at
entering new markets and making success of them. The expansion has helped the
organization to build new revenue stream and diversify the economic cycle risk in the
markets it operates in.
Strong distribution network – Over the years Canada Goose Holdings Inc. has built a
reliable distribution network that can reach majority of its potential market.
Strong Free Cash Flow – Canada Goose Holdings Inc. has strong free cash flows that
provide resources in the hand of the company to expand into new projects.
Highly skilled workforce through successful training and learning programs. Canada
Goose Holdings Inc. is investing huge resources in training and development of its
employees resulting in a workforce that is not only highly skilled but also motivated to
achieve more.
Automation of activities brought consistency of quality to Canada Goose Holdings Inc.
products and has enabled the company to scale up and scale down based on the
demand conditions in the market.
High level of customer satisfaction – the company with its dedicated customer
relationship management department has able to achieve a high level of customer
satisfaction among present customers and good brand equity among the potential
customers.
Successful track record of developing new products – product innovation.
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MARKETING PLAN
Part 4 Analyze your business 10 MARKS
Weaknesses
What places your business as a disadvantage versus others? Address these weaknesses immediately.
Limited success outside core business – Even though Canada Goose Holdings Inc. is one
of the leading organizations in its industry it has faced challenges in moving to other
product segments with its present culture.
Investment in Research and Development is below the fastest growing players in the
industry. Even though Canada Goose Holdings Inc. is spending above the industry
average on Research and Development, it has not been able to compete with the
leading players in the industry in terms of innovation. It has come across as a mature
firm looking forward to bring out products based on tested features in the market.
Not very good at product demand forecasting leading to higher rate of missed
opportunities compare to its competitors. One of the reason why the days inventory is
high compare to its competitors is that Canada Goose Holdings Inc. is not very good at
demand forecasting thus end up keeping higher inventory both in-house and in channel.
Need more investment in new technologies. Given the scale of expansion and different
geographies the company is planning to expand into, Canada Goose Holdings Inc. needs
to put more money in technology to integrate the processes across the board. Right now
the investment in technologies is not at par with the vision of the company.
Organization structure is only compatible with present business model thus limiting
expansion in adjacent product segments.
There are gaps in the product range sold by the company. This lack of choice can give a
new competitor a foothold in the market.
The marketing of the products left a lot to be desired. Even though the product is a
success in terms of sale but its positioning and unique selling proposition is not clearly
defined which can lead to the attacks in this segment from the competitors.
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MARKETING PLAN
Part 4 Analyze your business 10 MARKS
Opportunities
What conditions or situations in the marketplace or in your competitors’ offerings could you exploit to your advantage?
The market development will lead to dilution of competitor’s advantage and enable
Canada Goose Holdings Inc. to increase its competitiveness compare to the other
competitors.
Economic uptick and increase in customer spending, after years of recession and slow
growth rate in the industry, is an opportunity for Canada Goose Holdings Inc. to capture
new customers and increase its market share.
Opening up of new markets because of government agreement – the adoption of new
technology standard and government free trade agreement has provided Canada Goose
Holdings Inc. an opportunity to enter a new emerging market.
New customers from online channel – Over the past few years the company has
invested vast sum of money into the online platform. This investment has opened new
sales channel for Canada Goose Holdings Inc.. In the next few years the company can
leverage this opportunity by knowing its customer better and serving their needs using
big data analytics.
Government green drive also opens an opportunity for procurement of Canada Goose
Holdings Inc. products by the state as well as federal government contractors.
Stable free cash flow provides opportunities to invest in adjacent product segments.
With more cash in bank the company can invest in new technologies as well as in new
products segments. This should open a window of opportunity for Canada Goose
Holdings Inc. in other product categories.
New environmental policies – The new opportunities will create a level playing field for
all the players in the industry. It represent a great opportunity for Canada Goose
Holdings Inc. to drive home its advantage in new technology and gain market share in
the new product category.
Organization’s core competencies can be a success in similar other products field. A
comparative example could be - GE healthcare research helped it in developing better
Oil drilling machines.
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MARKETING PLAN
Part 4 Analyze your business 10 MARKS
Rising raw material can pose a threat to the Canada Goose Holdings Inc. profitability.
Changing consumer buying behavior from online channel could be a threat to the
existing physical infrastructure driven supply chain model.
The company can face lawsuits in various markets given - different laws and continuous
fluctuations regarding product standards in those markets.
New technologies developed by the competitor or market disruptor could be a serious
threat to the industry in medium to long term future.
Liability laws in different countries are different and Canada Goose Holdings Inc. may be
exposed to various liability claims given change in policies in those markets.
As the company is operating in numerous countries it is exposed to currency fluctuations
especially given the volatile political climate in number of markets across the world.
Growing strengths of local distributors also presents a threat in some markets as the
competition is paying higher margins to the local distributors.
No regular supply of innovative products – Over the years the company has developed
numerous products but those are often response to the development by other players.
Secondly the supply of new products is not regular thus leading to high and low swings
in the sales number over period of time.
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MARKETING PLAN
Part 4 Analyze your business 10 MARKS
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MARKETING PLAN
Part 5 Define your difference 5 MARKS
You’re ready to craft a unique selling point (USP), a description of what makes you distinct in the
marketplace.
A USP must articulate a compelling and decisive advantage you have over the competition. Consider
writing your USP as an “only statement” as in: “We are the only business in the city/the country/the world
that does X.” Refer to your vision, values and positioning statements in Part 1.
Canada Goose was built from the beginning as the best, warmest, most functional product in
the world that is made in Canada.” Canada Goose was and still is the brand of choice for
mountain climbers and Arctic Circle and now, the entire family wherever you are. Canada Goose
offers premium value for your money
Part of the appeal is that the goose-down-filled jackets are very high quality and keep people
warm. ... High-quality materials: The parkas are made with goose down sourced
from Canadian Hutterite farmers and come with a removable coyote fur-lined hood.
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MARKETING PLAN
Part 5 Define your difference 5 MARKS
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MARKETING PLAN
Part 6 Map your customer’s journey 10 MARKS
Your goal is to deliver the right messages, to the right people, at the right time. It’s essential to
communicate your brand consistently throughout your customer’s entire journey with you—from discovery
to purchase to after-purchase support and repeat business.
The key is to understand, at each point in the journey, what customers hope to achieve from the
transaction and what their expectations of your business are. By referring back to the customer personas
you completed in Part 2, complete the following chart to clarify what marketing activities at each point on
the journey are necessary for creating a loyal customer.
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MARKETING PLAN
Part 6 Map your customer’s journey 10 MARKS
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MARKETING PLAN
Part 7 Create your action plan
You’ve done the hard work of defining your business and its market. Now it’s time to bring it all together
by planning the marketing tactics you will use to attract and keep customers. Describe how you will
promote your product or service, remembering that not every tactic makes sense for every business.
Consider what will resonate with those customer personas you completed in Part 2, given your budget
and human resources.
But first, start with some basic information about the resources and strategies you will use.
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MARKETING PLAN
Part 7 Create your action plan
DESIGN
How will you get a modern, attractive, effective website?
CONTENT
What kind of content will you produce? Who will be responsible for regularly producing and managing it?
What platforms make sense for your business? Who will plan and manage your communities and respond to
questions?
What will be your email marketing strategy (keeping in mind Canada’s anti-spam law)
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MARKETING PLAN
Part 7 Create your action plan
PRINT/TV/RADIO
Public relations includes efforts to woo editors or journalists to cover your business, and also having an action plan to
protect your brand in a crisis scenario.
How will you ensure customers remain loyal and happy for the long-term?
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MARKETING PLAN
Part 8 Monitoring, measuring and improving 10 MARKS
To measure the return on investment from your marketing plan, you must track the effectiveness of your
activities. Generally, you do this by monitoring customer conversion metrics (e.g., sales, quote requests,
e-newsletter sign-ups, eBook downloads, etc.) and by gauging the impact of specific tactics and
campaigns. If something is not working, you must adjust to improve.
Under the stewardship of chief executive Dani Reiss since 2001, Toronto-based Canada
Goose Inc. has grown close to 4,000% and become the country’s premier brand of
outerwear. Mr. Reiss, whose grandfather, Sam Tick, founded the company in 1957,
talked with the Financial Post‘s Hollie Shaw about how the brand goodwill was built
through grassroots marketing and a bit of old-fashioned made-in-Canada style envy.
We made sure that we showed [the Canadian retailers] those images, and whenever we got PR
in magazines we demonstrated that to them. We wanted to accelerate the process of them
recognizing what was going on.
Manufactured in Canada is one of the pillars of our foundation. Ten years ago a lot of Canadian
brands thought people didn’t care about ‘Made in Canada’ at all and to that extent they left
Canada and produced offshore.
We took that opportunity to stay in Canada and by doing that we became successful. The
strategy of sticking around [helped] the perception that we are the champions for ‘Made in
Canada’ and people appreciate that. You can’t be a luxury brand without the history and the
heritage.
Measure effectiveness of marketing activities
While many legacy brands are struggling to reinvent themselves for the digital age, Canada
Goose is making out well in the face of change. The outerwear brand has grown its sales nearly
500% over the past five years, having launched its e-commerce presence only two years ago.
Since then, e-commerce has comprised 15% of overall sales, a number that Canada Goose CMO
Jackie Poriadjian-Asch expects to continue to increase that share as the brand ups the ante on
marketing with a bigger focus on digital channels and tactics.
Adjust to improve
Plan, develop and execute demand capture and demand generation marketing
campaigns from initial strategy to final execution in approximately 12 ecommerce
markets
Manage global performance marketing budget
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MARKETING PLAN
Part 8 Monitoring, measuring and improving 10 MARKS
Increase traffic and revenue through online advertising channels which included paid
search, programmatic and paid social
Compile and analyze performance data for creative, landing pages and experiences to
assess effectiveness and identify optimization opportunities
Liaise and guide performance marketing agency partners on a daily basis
Bring digital trends, insights and ideas back to the marketing team and inspiring best-in-
class digital leadership across the team through a designed annual digital curriculum
Manage weekly reporting and business tracking for the ecomm business
Ability to prioritize multiple projects with short and long-term deadlines
Research, define and test partnerships with new vendors to expand our digital reach and
determine new, conversion-driving strategies
Collaborate with internal stakeholders including design, copy writer, product and
ecommerce program managers to drive messaging strategy and execution
Support in developing 3-5 year digital strategy to scale the brand across the globe
The Senior Director Marketing, Canada is responsible for leading the Canada Goose
Global omni-channel strategy to the Canadian marketplace, creation of a Canadian
marketing strategy and detailed activation plan ensuring relevance and localisation on a
“market by market” basis. In-line with the global direction the Canadian Marketing
Director will drive, inspire and innovate the Canadian business.
Develop specific strategic marketing plans for each Canadian focus market
Partner with wholesale businesses to guide the strategic direction and execution of
marketing partnerships within our wholesale accounts
Lead the Canada Goose owned-retail marketing strategies to provide our guests with
stories and experiences that enhance the Canada Goose brand
Drive an integrated multi-channel approach to include advertising, media, digital, social,
guerilla, CRM, Retail Marketing and Research
Work alongside the Canadian teams as a trusted partner to deliver upon the agreed
cross functional business objectives
Be brand guardian for Canada Goose towards the Canadian business working with
Canada Goose marketing teams to drive consistent and relevant messaging
Effectively manage relationships and work collaboratively with marketing agencies, (e.g.
consulting firms, production houses, research companies, etc.) to achieve the marketing
objectives and maximum return
Provide project briefs to agencies with clearly defined objectives, scope of work, budgets
and timelines
25
MARKETING PLAN
Part 8 Monitoring, measuring and improving 10 MARKS
Oversee the project development process; provides timely and constructive feedback to
agencies
Demonstrate strong creative thinking, a disciplined approach, and great intuition in
identifying and selecting the best option or approach recommended by agencies
Gather, assess and analyze data to identify the relevant market developments, consumer
insights and competitive trends; provide logical conclusions to support operational and
strategic decision-making
Develop and promote branding initiatives consistent with corporate business goals and
objectives
Build industry relationships and draw on external best in class to inspire internal
improvement
Develop annual marketing plans within budget requirements. Identify priorities and
makes commitment to execute the marketing plans effectively
Develop annual marketing programs and tactics that support the brand strategy and
overall marketing objectives
Prepare and deliver reports on the status of all marketing programs and initiatives to
CMO
Engage, inspire and educate regards the nuances and insights of the local markets
Communicate and negotiate with promotional partners as needed for joint marketing
activities
Proactively work cross-functionally to provide any marketing related support and
recommendations; build credibility as the marketing specialist
To measure the effectiveness of our activities by using social media offering discounts
Reviews on purchases made.
Showing short films on products.
Surveys.
Analysing the market trends
Giving the customers what they want.
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MARKETING PLAN
Part 8 Monitoring, measuring and improving 10 MARKS
These are some of the things that the Senior Director of Global Brands, Brands
Marketing Managers and other Managers would analyse, discuss, plan and execute.
Plan, develop and execute demand capture and demand generation marketing
campaigns from initial strategy to final execution in approximately 12 ecommerce
markets
Manage global performance marketing budget
Increase traffic and revenue through online advertising channels which included paid
search, programmatic and paid social
Compile and analyse performance data for creative, landing pages and experiences to
assess effectiveness and identify optimization opportunities
Liaise and guide performance marketing agency partners daily
Bring digital trends, insights and ideas back to the marketing team and inspiring best-
in-class digital leadership across the team through a designed annual digital curriculum
Manage weekly reporting and business tracking for the ecommerce business
Ability to prioritize multiple projects with short and long-term deadlines
Research, define and test partnerships with new vendors to expand our digital reach and
determine new, conversion-driving strategies
Collaborate with internal stakeholders including design, copy writer, product and
ecommerce program managers to drive messaging strategy and execution.
The Senior Director Marketing, Canada is responsible for leading the Canada Goose
Global omni-channel strategy to the Canadian marketplace, creation of a Canadian
marketing strategy and detailed activation plan ensuring relevance and localisation on a
“market by market” basis. In-line with the global direction the Canadian Marketing
Director will drive, inspire and innovate the Canadian business.
Develop specific strategic marketing plans for each Canadian focus market
27
MARKETING PLAN
Part 8 Monitoring, measuring and improving 10 MARKS
Partner with wholesale businesses to guide the strategic direction and execution of
marketing partnerships within our wholesale accounts
Lead the Canada Goose owned-retail marketing strategies to provide our guests with
stories and experiences that enhance the Canada Goose brand
Drive an integrated multi-channel approach to include advertising, media, digital,
social, guerrilla, CRM, Retail Marketing and Research
Work alongside the Canadian teams as a trusted partner to deliver upon the agreed
cross functional business objectives
Be brand guardian for Canada Goose towards the Canadian business working with
Canada Goose marketing teams to drive consistent and relevant messaging
Effectively manage relationships and work collaboratively with marketing agencies,
(e.g. consulting firms, production houses, research companies, etc.) to achieve the
marketing objectives and maximum return
Provide project briefs to agencies with clearly defined objectives, scope of work,
budgets and timelines
Oversee the project development process; provides timely and constructive feedback to
agencies
Demonstrate strong creative thinking, a disciplined approach, and great intuition in
identifying and selecting the best option or approach recommended by agencies
Gather, assess and analyse data to identify the relevant market developments,
consumer insights and competitive trends; provide logical conclusions to support
operational and strategic decision-making
Develop and promote branding initiatives consistent with corporate business goals and
objectives
Build industry relationships and draw on external best in class to inspire internal
improvement
Develop annual marketing plans within budget requirements. Identify priorities and
makes commitment to execute the marketing plans effectively
Develop annual marketing programs and tactics that support the brand strategy and
overall marketing objectives
Prepare and deliver reports on the status of all marketing programs and initiatives to
CMO
Engage, inspire and educate regards the nuances and insights of the local markets
Communicate and negotiate with promotional partners as needed for joint marketing
activities
Proactively work cross-functionally to provide any marketing related support and
recommendations; build credibility as the marketing specialist
28
MARKETING PLAN
Part 8 Monitoring, measuring and improving 10 MARKS
Although the SWOT analysis is widely used as a strategic planning tool, the analysis does
have its share of limitations.
SWOT analysis may lead the firm to overemphasize a single internal or external factor in
formulating strategies. There are interrelationships among the key internal and external factors
that SWOT does not reveal that may be important in devising strategies.
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Mouti - 2019
For in-class use & discussion