The Marketing Plan is a highly detailed, heavily researched and, hopefully, well written report that many inside and possibly outside the organization will evaluate. It is an essential document for both large corporate marketing departments and for startup companies. Essentially the Marketing Plan:
* forces the marketing personnel to look internally in order to fully understand the results of past marketing decisions.
* forces the marketing personnel to look externally in order to fully understand the market in which they operate.
* sets future goals and provides direction for future marketing efforts that everyone within the organization should understand and support.
* is a key component in obtaining funding to pursue new initiatives.
KnowThis offers a 6-Part template to develop and format a marketing plan.
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