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2.1.Identify and analyse information on expected market growth or decline, and associated risk factors.

01 / 02 / 2019 Essays & Coursework

This paper circulates around the core theme of 2.1.Identify and analyse information on expected market growth or decline, and associated risk factors. together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 79. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Unit Sector


Elements and Performance Criteria



Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Collect and analyse information on the internal business environment.

1.1.Confirm core activities, customer base, business values and current business direction.

1.2.Identify and analyse information on current and past marketing and its effectiveness.

1.3.Review business performance information to identify strengths, weaknesses and critical success factors.

1.4.Identify and record current capabilities and resources, including the need for specialist assistance.

1.5.Record and report information according to organisational requirements.

2. Collect and analyse information on the external business environment.

2.1.Identify and analyse information on expected market growth or decline, and associated risk factors.

2.2.Record and analyse projected changes in the labour force, population and economic activity.

2.3.Gather and analyse comparative market information.

2.4.Identify and analyse industry and customer trends and developments, including emerging technologies and innovations.

2.5.Identify and analyse legal, ethical and sustainability requirements and potential business impacts.

2.6.Record and report information according to organisational requirements.

3. Develop marketing strategies.

3.1.Identify and analyse opportunities based on internal and external market analysis.

3.2.Explore new and innovative marketing approaches.

3.3.Develop marketing strategies that are consistent with direction and values of the organisation.

3.4.Develop strategies in consultation with key stakeholders, integrating legal, ethical and sustainability considerations.

4. Prepare marketing plan.

4.1.Formulate marketing plan that clearly communicates priorities, responsibilities, timelines and budgets.

4.2.Provide timely opportunities for colleagues to contribute to marketing plan.

4.3.Submit marketing plan for approval according to organisational policy.

5. Implement and monitor marketing activities.

5.1.Implement and monitor activities detailed in plan according to schedule and contingencies.

5.2.Produce marketing reports according to organisational policy.

5.3.Share information on marketing activities with operational staff to maintain awareness of current organisational focus.

6. Conduct ongoing evaluation.

6.1.Evaluate marketing activities using agreed methods and benchmarks.

6.2.Make adjustments according to evaluation.

6.3.Communicate and implement agreed changes.

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