Final Project: Marketing Plan

Description Like other products and services, health care products and services must be marketed to potential consumers. To do this effectively, health care organizations must develop marketing plans. These plans provide organizations and their leaders with common goals for their products and services. Moreover, by relating the marketing plan to the mission, vision, and objectives of the organization, marketing plans become a tool in the strategic decision-making process. For the Final Project, you will create a marketing plan for a health care organization and record a presentation of the plan to the board of directors. Please keep in mind that health care marketing goes beyond the scope of hospitals and students are encouraged to consider a diverse array of organizations for this task. To prepare: Select one of the following health care organization to be the focus of your Final Project. Your selection can be within any type of health care organization and should reflect an actual opportunity available for change in your local community or state. Hospital Physician Practice Outpatient Clinic Long-Term Care Facility Other Health Care Organization of Your Choosing Select one of the following project types for marketing consideration. The bullets below are intended to help guide your selection process and interest and are not prescriptive. Marketing of a new specialty unit (OB, Psych, Outpatient, Bariatric, or other) Marketing of a new community outreach program (i.e. HIV testing) Marketing of a new service (Family planning) Marketing of a new product (DaVinci Robot) Review Chapter 15 of your textbook, “Marketing Planning” for guidance on developing a marketing plan. Note: This Assignment is not intended for you to select one of the project types in order to apply a blanket marketing approach. The purpose of this Assignment is to generate a thought process about new marketing opportunities in existing settings. Part 1: Executive Summary and Marketing Plan (5-Pages, 150 Points) Create a written document that includes the following: Executive Summary (2-pages) that explains why the organization and project type were selected along with a justification of the importance of this effort. Marketing Plan (3-pages) that will be used to communicate key opportunities to the Board of Directors. Your marketing plan should reflect your selected organization and project type and may contain a variety of the following components: Specific goals and SMART objectives Detailed explanations of product, price, place, and promotion of the project type chosen Supporting information for this initiative (For example, this may include information on the market audit, target audience, and demographics). Marketing strategy and business communication standards to be used Assessment of due diligence (any operational, financial, or human resources requirements needed to implement the plan) Description of any benchmarks from other competitors or industries Specific marketing actions Specific explanations of necessary budget, revenue, and staff Limitations to implementing the plan Part 2: Board of Directors Video Presentation (150 points) Record a 3-5-minute video for delivery to the Board of Directors and other facility leaders regarding your marketing plan. Your video should summarize and defend your marketing plan. Be sure to use best practices of business communication and to wear business attire when recording this video. Note: Your Final Project Part 1 must be written in standard edited English. Be sure to support your work with at least 5 current scholarly sources. All references should be less than 5 years old. See the Final Project rubric for additional requirements related to research and scholarly writing.