Exxon Mobil Business Plan Part 1

Exxon Mobil Business Plan Part 1

Add to Marketing Plan

This is a continuation of a Business Plan. This part is to add to the Marketing Plan section of the paper atached below. It needs to have all the subheadings listed below. The innovation idea and company have already been created. This is part one of the paper. First part is the literature review portion, I have attached a word document of the instructions. The person I choose, will continue the paper weekly for the following 6 weeks.

Fortune 500 Company: EXXON Mobil

Location: Riverside, CA

Innovation: A mobile fuel subscription service that will fuel your car while at work, home, or any location. Customers can schedule appointment by phone call or phone App. On top of the mobile fueling, each visit will check the customers, air pressure, and make sure fluids are top offed.

Marketing Plan:(defining the product, defining the customers, selling prices, market placing/segmentation, promotion, follow-up plan, and expert advice). Use https://nces.ed.gov/FCSM/ for more information

◉ What is the competitive advantage that this business will create? ◉ Major characteristics of the target market (what does the customer look like?)

◉ What is the demand of this target market?

◉ Nature of the competition?

◉ What are total sales to this market in geographic area?

◉ What are total sales expected in five years? In ten years?

◉ What percentage of this demand does this business expect to capture? ◉ What are the four P’s? ◉ Overall marketing strategy ◉ Specific marketing mix

◉ Strengths and weaknesses in ability to satisfy target market needs

◉ Communication plan internally and externally

◉ Channels of distribution

◉ Sales strategy (Customer Relationship Management Program) ◉ Product and service cost

The instructor just asked for the Marketing Plan to be longer and for it to include all the subheading I have listed. Thank you.

Answer preview

Strengths

Exxon has a strong brand value within the global market. The company has been ranked 51st in the Brand finance report in 2017 according to brand value.  In the oil and gas sector, the company ranks 4th concerning brand value which is $19.227 billion. The second strength is the market position being the largest refiner in the world operating in all the continents for crude and natural gas. The distillation capacity of the company is 136000 barrels per day. The company has extensive operations within the industry selling almost every product that is obtained from the crude oil. The company has an extensive upstream and downstream operations being the world largest seller of fuels and lubes. The company has various projects backed by its strong finances. The projects include conventional heavy oil, Shale gas, Liquefied Natural Gas and Sour gas Projects (Bhasin, 2018 January 13).

Weakness

The company has negative publicity been involved in many lawsuits around the world which includes claims from damages, fines, and penalties. One such trial is the New Jersey trial in which there was an agreement to pay $ 225 million as settlement for contamination at refineries and pollution…

(8800 words)

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