Hong Kong Marketing Plan Case Study

Superior Essays
A.C 1.1 – Explain how the strategies of the organisation impacts on the marketing plan
The Hong Kong Health Check (HKHC) strategies include to provide a comprehensive health care check up of exceptional standards, promoting a concept of preventative healthcare through periodic check up, and to be the leading medical diagnostics organisation in the Asia Pacific region (HKHC 2016). These strategies are embodied in HKHC ‘s motto and vision statement. Consequently, the organisation, which was formed in 2006, has to market itself in order to gain popularity among Hong Kong citizens and the rest of Asia Pacific. Marketing is an integral part of HKHC where the organisation is committed to creating awareness in the community to promote healthy lifestyle. The organisation’s marketing plan considers corporate planning, product planning, implementing the plan, measuring results, and taking corrective actions as outlined in the Kotler and Keller’s planning, implementing and controlling model (Kotler & Keller 2012).
Firstly, the marketing plan considers the organisation’s mission and vision and depending on the findings allocates adequate funds to the marketing plan. The marketing plan will also evaluate growth opportunities, for instance,
…show more content…
Hence, using the Porter’s 5 forces model that looks into factors such as rivalry, supplier and buyer power, threat of new entrants, and the threat of substitution is done (Roy 2011). The components of the marketing plan will make HKHC determine its both internal and external strengths, weaknesses, threats and opportunities linked to the organisation, for instance, the component of company economic condition will help determine whether the company has adequate funds or not to implement a elaborate marketing

Related Documents

  • Great Essays

    Marketing is the process of first developing a product and then implementing a series of timely strategies aimed at the timely promotion, pricing and distribution of the product to the core group of retailers and potential consumers in the marketplace. Marketing, through the use of a marketing plan connect business like Qantas’s market. Product and promotion are the the main thing for Qantas’s success. The implementation of marketing strategies that satisfy the needs of the end consumer has delivered long term, highly profitable results for Qantas. Combination of strategies they used, is known as a marketing mix Product Price, Promotion and Place .…

    • 1764 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    Porter’s Analysis According to Tongue, McDonald, Doutkevitch, Midgley, and Munro (2012), a porter’s Five Forces analysis on Target Corporation assists in demonstrating the company’s tactical ability to compete and make profit. The Threat of Entry…

    • 219 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    P4- Produce and evaluate a basic marketing plan for an organisation using the template attached or any other form of template of your chosen Marketing plan In order to grow a business, it is important to have an effective marketing plan, which involves knowing who your target customers are, different ways of reaching them and how you retain them so they would endlessly buy from the business. (Lavinsky, 2013) Marketing objectives of Apple When creating an effective marketing strategy, marketing objectives are set to lead the business to success. Even though marketing goals might change throughout the period, marketing objectives have similar principles i.e. SMART (Specific, Measurable, Attainment, Relevant, Time based).…

    • 1148 Words
    • 5 Pages
    Improved Essays
  • Brilliant Essays

    Porter's five forces (MAGRETTA, 2012) Five force framework encompasses five forces that are buyers suppliers substitute, new entrants and rivalry. They have clear and direct relationship to the industry profitability as the pressure of force would be put on the cost or the price. Understanding the force helps assessing its strength and the attractiveness of industry. The firm can have better understanding its position and the rival position in the industry.…

    • 1847 Words
    • 8 Pages
    Brilliant Essays
  • Great Essays

    Five forces of Porter help to determine where power lies within a business situation. It also can help to understand the strength of current competitive position of an organization, and the strength of a position that an organization may identify for moving into. Most of the time Porter’s five forces are used by strategic analysts to understand if new products or services are potentially…

    • 1230 Words
    • 5 Pages
    Great Essays
  • Great Essays

    Michael Porter's Five Forces In 1979 a professor at Harvard Business School, Michael Porter, published an article in the Harvard Business Review. The article titled "How Competitive Forces Shape Strategy" outlined the five factors that he believed could help determine the profitability of an organization. The five factors being: the power of customers, the power of suppliers, the threat of new entrants, the threat of substitutes, and industry rivalry. He saw these five factors as being the cornerstone of developing and executing a business strategy.…

    • 1193 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    Porter’s Five Forces The Five Forces model developed by Michael Porter is designed to help managers and key employees understand how a firm can position itself to secure and maintain a competitive advantage within their given industry, and to realize the profit potential of such positioning. The model broadened the perspective of competitors and incorporates five influential factors, including new entrants, suppliers, buyers, substitutes, and the rivalry among competitors. These five factors heavily influence the profit potential of an industry, and is dependent upon how the forces leverage with each other. Ally Financial Inc. is a financial services company that was founded in 1919 and went public via an initial public stock offering in 2014 (Ally Financial Inc., 2017).…

    • 826 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    Green Flag Award

    • 992 Words
    • 4 Pages

    The Green Flag Award® scheme is the benchmark national standard for parks and green spaces in the UK. It was first launched in 1996 to recognise and reward the best green spaces in the country. The first awards were given in 1997 and, many years later, it continues to provide the benchmark against which our parks and green spaces are measured. It is also seen as a way of encouraging others to achieve high environmental standards, setting a benchmark of excellence in recreational green areas. Entries for the Green Flag Award® are open to parks/green spaces located in the UK.…

    • 992 Words
    • 4 Pages
    Decent Essays
  • Improved Essays

    The ‘Porter’s five forces analysis’ helps a business determine the long term attractiveness and profitability of the industry it is operating in, (Cite Magazine/Textbook) but also allows a business to examine the amount of power it has over a number of factors in its immediate environment. (Cite Magazine/Textbook) The five forces analysis examines the threat of new entrants to an industry, the threat of substitutes to a business, the bargaining power of suppliers, the bargaining power of buyers and the extent of rivalry among existing competitors. (Cite Hoang)…

    • 774 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    An evaluation of a marketing communications strategy based on the case John Lewis An executive summary Introduction Marketing communications can be considered as for how companies communicate about their brands, products or services. This report conducts the analysis of a marketing communications campaign based on the case ‘John Lewis: The power of emotions’, and then makes an evaluation in the role of a marketing communications consultant and give advice to John Lewis on their future communications strategies. Besides, the word ‘JL’ throughout this paper represents the abbreviation of ‘John Lewis’.…

    • 1407 Words
    • 6 Pages
    Great Essays
  • Superior Essays

    Porter's Five Forces Paper

    • 1493 Words
    • 6 Pages

    Michael Porter’s five competitive model forces: (1) the threats of new entrants, (2) the bargaining power of suppliers, (3) the bargaining power of buyers, (4) the threats of substitute products and services, and (5) rivalry among competitors (Kinicki & Williams, 2014, p. 173-174; O’Brien, & Marakas, 2011, p. 46). This model is a starting pointing for identifying the company’s strengths and weaknesses by looking at the industry and itself. This model was developed initially for brick-and-mortar entities; it provides an analysis of the consumer, supplier, new markets, competitors market entry and product domination and substitutes (Brown, DeHayes, Hoffer, Martin, & Perkins, 2012). Each of the five (5) elements of Porter’s competitive forces…

    • 1493 Words
    • 6 Pages
    Superior Essays
  • Great Essays

    5. Methodology The Porter’s five force model is used to evaluate the competitive environment of the company. PESTLE analysis is used to assess the external environment of the company. SWOT analysis is used to understand the external and internal facto…

    • 1394 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Porter’s Five Forces Model For evaluating Porter’s Five Forces Model on Shan Food Industries, we will discuss about the following: 1. Bargaining power of Suppliers 2. Bargaining power of Customers 3. Threat of New Entrants 4. Threat of Substitute Product 5.…

    • 788 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Making profitability is the main purpose of setting up a business. However, an important person in a firm or a company must think the best methods in order to make their business successful and obtain profit as well. Kroenko and Hooper (2013) discussed in their book that it is highly recommended for all companies to investigate their structure by using Porter’s five forces model before they want to plan a good tactics. This is because organisations could plan and create the best steps to achieve success after they know their businesses’ strength, weaknesses, threats and possibilities. Therefore, this will look further on competitive plans that can be applied by all firms which directly could gain advantages and some method can be done in…

    • 877 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The Porter’s Five Forces analysis is a strategic management method used in examining an industry and comprehending basic controls of revenue in a specific industry. The management team of Wynn Resorts, Limited can apply Porter’s Five Forces to see how each of the forces impact profitability and develop a method for improving Wynn Resorts, Limited’s competitive advantage as well as the industry’s lasting profitability. The analysis assesses the Threat of New Entry, Supplier Power, Buyer Power, Threat of Substitution, and Competitive Rivalry. Threat of New Entry The new entrants in Resorts and Casinos bring advancement and better approaches for getting things done.…

    • 768 Words
    • 4 Pages
    Improved Essays