TG #21 - ABM 006
TG #21 - ABM 006
Productivity Tip:
Don’t say you don’t have enough time. You have exactly the same number of hours per day that were
given to Helen Keller, Pasteur, Michelangelo, Mother Teresa, Leonardo da Vinci, Thomas Jefferson, and
Albert Einstein. – H. Jackson Brown Jr.
A. LESSON PREVIEW
Introduction (2 mins)
2. What is an executive
summary?
B. MAIN LESSON
Activity 2: Content Notes – (13 Minutes)
To deepen your understanding on the Principles of Marketing, read the following pre-printed concept notes.
Please highlight or underline the key word/s that leads to full understanding of the concept.
I. Executive Summary
Although this is a more formal part of your marketing plan template, this will be the “organizer” of the plan
that summarizes your marketing plan. Make sure each section has a clear heading that is easy to understand
as well as a tight and precise description of what that section includes. At a glance, a reader should understand
exactly what the section is about! This is written last.
Competition
Research competitors, then analyze the following:
Product attributes
Pricing
Marketing and promotion strategies
Distribution channel and method
Products or services offered
By doing this, you can “spy” on your competition, take notes on what they are doing with their marketing
efforts and then engineer your efforts to be better! By getting an insight into your competitors, you can carve out
a place for yourself in an industry because you took the time to be unique and look at things differently than what
is being done.
Competitive Advantage
In this section, you list down condition/s or circumstance/s that puts your product or company in a
favourable or superior business position.
S.W.O.T
By looking into each of these sections for your business, you can create a plan on how you can
differentiate your products or services and claim your unique position in the marketplace.
Strengths
When looking at your business strengths you want to list realistic advantages, strengths and positives you bring
to the table. When you think about your value proposition this should come easy.
Weakness
When looking at business weaknesses look at your competition and see where you lack. Do not be too hard on
yourself, but be honest with yourself. You cannot grow if you cannot see how you need to improve. When you
take a look at weaknesses, this also helps you plan out ways to address and improve your business message.
Opportunities
This is the most positive way to view your business growth. In this section, look for ways you can and will succeed
as a business. Look at your market and how it is supposed to grow and how that will benefit your business. Look
for ways you can undercut and improve what your competition is doing!
Threats
Like anything in life, there is always opposition, so it would be smart to not only look at the opportunities but to
also see realistic limitations to your business. Look for things that will affect your bottom line, limit your target
audience or locational factors that can negatively affect your business.
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Section 3:
Mission: _________________________________________________________________________________
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Vision:__________________________________________________________________________________
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Section 4:
Competition:_____________________________________________________________________________
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Competitive Advantage: ____________________________________________________________________
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SWOT: __________________________________________________________________________________
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C. LESSON WRAP-UP
A. Work Tracker
You are done with this session! Let’s track your progress. Shade the session number you just completed to
see if how much work you have accomplished and how much work there is left to do.
Place a
Description Explanation
below
Clear I got it!
I understand it for the most part but a
Cloudy
few things are still unclear.
Confusing I don’t get it at all
FAQs
Q: What are the 6 factors of competitive advantage?
A: The six factors of competitive advantage are quality, price, location, selection, service and
speed/turnaround.
TEACHER-LED ACTIVITIES
1. Check and grade collected SAS and other input from students.
2. Schedule phone calls/virtual calls/virtual chats to individual students or small groups of students to
monitor work, provide guidance, answer questions, and check understanding.