Based on the current position of your new division in the simulation and your goals for coming quarters, analyze market consumer data, competitive data, and real-world digital marketing options to develop a summarized digital marketing plan for your division that benefits growth and considers competition. In 500-750 words, address the following:
Digital marketing analysis and budgeting strategies: Based on your analysis of markets and consumer data, discuss the decision to shift all or a portion of your division’s promotional budget in the simulation to digital marketing.
Digital marketing strategies for organizational growth: Discuss the decision to shift all or a portion of your division’s promotional budget in the simulation to digital marketing. Discuss the digital marketing strategies that will be used to promote organizational growth. Consider factors including B2B verses B2C considerations in digital media, target market coverage, exposure, analytics, and costs.
Digital media impact: How would the addition of digital media options influence your division’s overall promotional plan? Consider the five elements of the promotion mix.
Digital media types and options: Include examples of specific social media platforms, blogs, websites, applications, etc., and a justification for each based on your division’s goals. Use real-world data by researching the outlets/platforms, reviewing media kits when available, and citing available sources on exposure, targeting options, and other factors.
Digital marketing ties to relationship marketing: Explain how your digital marketing strategy will improve relationship marketing efforts and increase revenue.
Monitor digital media: How will you monitor effectiveness and adjust your strategy based on your division’s goals? What tools would you recommend measuring the effectiveness of reaching these goals?
You are required to include both academic and professional references (e.g., data on analytics, platform use data) to justify your plan.