An opportunity analysis is used to leverage the marketing strategy and action plan. It is the first part of any marketing plan. The market opportunity identified through this situation and opportunity analysis will become the stated objective of the Global Marketing Plan (Assessment no. 4).
Instructions:
Choose a business that you find interesting and narrow it to one product or product line. Conduct an analysis of the current internal and external situation of the product/ product line.
Internal should include:
A brief summary of the company structure and its overall capabilities and resources
Current products/ product line
Current market/s, including customer behaviour issues, demand and trends, plus sales information (if available)
Distribution and Supply
External should include:
Competitive environment- a global perspective but stay on the product offering
Industry situation in particular global markets
Consider the economic, technological, political, socio-cultural and natural imperatives
Conduct a SWOT analysis. Synthesize and summarize the strengths, weakness, opportunities and threats associated with the product/ product line
Carefully evaluate the strategic fit of the market opportunity to the company’s capabilities
Select one market opportunity that you believe is worth pursuing and justify. This is the stated objective of Global Marketing Strategy Plan (Assessment no. 4)
Conclusion