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Marketing is one of the most important aspects within a healthcare organization. In order to create an effective marketing plan, we must be able to identify the right product/service at the right time to the right person and place. Marketing plans begin with the identification of these 4 core principles which we refer to as the “4 Ps”. Together the 4P’s, of product, price, placeandpromotion create a marketing mix and which are interdependent.
Using the scenario below, write a recommendation in an APA formatted paper of at least 500 words and in current APA format and is supported by 2 peer-reviewed, scholarly references and 1 instance of Biblical integration.
Demographic trends indicate that a large number of baby boomers are on the verge of retiring. The Bay Area Medical Practice is meeting to focus on the next 5-year strategic plan. It has performed a patient analysis and has determined that 40% of its patient base is composed of baby boomers. From an operational perspective; what would be your recommendation to address the 4 P’s of Marketing?
Length of assignment – 500 words
(Excluding title page/ Cover page and reference page.)
Number of citations:
- 2 peer-reviewed, scholarly references and 1 instance of Biblical integration.
- Scholarly articles published within the last five years