Develop contingency planning elements for the new product or service offering and any related strategies.

  • Create an Executive Summary of no more than 350 words.
  • Incorporate the Situational Analysis (Week 3).
  • Incorporate the Market Growth Potential and Competitive Analysis (Week 3).
  • Incorporate the Pricing, Segmentation, Target Market, and Positioning (Week 4).
  • Incorporate the Marketing Communications Plan – including media selection, discussion of reach and frequency, and costs (Week 5).
  • Calculate the financial information (including forecasting demand, break-even analysis, sales, promotional budget, and marketing expenses for three years by quarter).
  • Develop the intended marketing objectives for Year1, Year2, and Year3.
  • Project the implementation milestones.
  • Develop evaluation and control metrics and methodology to measure marketing and product performance.
  • Develop contingency planning elements for the new product or service offering and any related strategies.
  • Describe any potential legal or ethical considerations that may arise during the implementation of the New Product Launch Marketing Plan either domestically or internationally.