Marketplace Analysis

You currently work as a marketing coordinator for New City Home Care, a private home health company that offers nursing care and therapy services to the elderly residents of a medium-sized Midwestern city with a population of about 55,000 people. The neighboring town, about 10 miles away, has a much smaller population, but as the population ages, this town is seeing an increase in retirees. The chief executive officer (CEO) of New City Home Care has decided that it would be beneficial to expand into this town by opening a satellite office. She is eager to be the first home health company to open a physical office in this new territory and has tasked you with developing a marketing plan. You have been asked to provide an Executive Summary of the marketing plan to the management team.

The Executive Summary needs to explain how the following will be used in your team’s marketing plan:

The company’s historical resident trends and current strategic plan
Demographic data
Quality standards
Marketplace analysis, including competition
Models and best practices for reaching the target audience
Developing recommendations to ensure alignment with company strategy
Writing the plan and setting expectations
Implementing the plan and proven best practices for implementation
Tools for evaluating and adapting the plan
The summary should be 5-6 pages, not including title page and reference page, and include references published in the last 5 years. Use of APA formatting is required.