
Target Market and Marketing Strategy
Students identify their target market and develop a marketing strategy using the 4 Ps. They will explore digital and traditional marketing methods suitable for a new venture.
About This Topic
Students identify their target market and develop a marketing strategy using the 4 Ps. They will explore digital and traditional marketing methods suitable for a new venture.
Key Questions
- How do entrepreneurs identify their target market?
- What are the 4 Ps of marketing?
- How can digital marketing be leveraged for a new venture?
More in The Venture Plan - Preparation and Marketing
Components of a Venture Plan
Students are introduced to the essential elements of a comprehensive venture plan. They will understand the purpose of the plan for both internal guidance and external investment.
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Competitive Analysis
Students learn to identify direct and indirect competitors in their chosen market. They will conduct a SWOT analysis to establish a competitive advantage.
2 methodologies