Respuesta :
The owners of the Colorado Steakhouse forgot to add the vital information to the Market plan regarding the fellow competitors to their market.
What is a Market Plan?
A market plan is a part of the business plan of an organization in which the organization's goals, values, mission statement, budget, and tactics are all covered. It describes the approach a business will take to sell its goods to consumers.
What is a SWOT Analysis?
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT analysis is a technique for assessing these four aspects of your business.
SWOT analysis is a tool that can assist you in identifying the current strengths of your business and developing a winning future strategy. SWOT can also reveal business issues that are hindering you or that, if undefended, your competitors could use against you.
- It helps you to pinpoint your business's limitations and strengths
- Gives you better clarity on how to cope with these challenges, risky assumptions and to uncover dangerous blind spots about your organization's performance
- Making lists is a part of SWOT analysis, but there is also so much more! Your research and thought process as you start to develop one list, such "Strengths," will inspire ideas for the other categories (Weaknesses, Opportunities or Threats) and to build connections and contradictions which can be overcome.
Therefore, the owners of the Colorado Steakhouse Corp. have conducted a SWOT analysis, but it hasn't included much about the Weakness and Opportunities part in its marketing plan.
You can learn more about the parts of a Marketing Plan using the following link: brainly.com/question/9027729
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The owners of the Colorado Steakhouse restaurant have eliminated a key piece of the marketing plan ,which is: specifying how they will achieve their marketing objective.
What is a Market Plan?
A market plan is a part of the business plan of an organization in which the organization's goals, values, mission statement, budget, and tactics are all covered. It describes the approach a business will take to sell its goods to consumers.
What is a SWOT Analysis?
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT analysis is a technique for assessing these four aspects of your business.
SWOT analysis is a tool that can assist you in identifying the current strengths of your business and developing a winning future strategy. SWOT can also reveal business issues that are hindering you or that, if undefended, your competitors could use against you.
Therefore, the owners of the Colorado Steakhouse Corp. have conducted a SWOT analysis, but it hasn't included much about the specifying how they will achieve their marketing objective marketing plan.
Learn more about the Marketing Plan on:
brainly.com/question/27864836
#SPJ4
