Explain the marketing planning process

Assignment Help Marketing Research
Reference no: EM131139659 , Length:

Assignment Brief

Introduction

To cover all the learning outcomes you must attempt all the tasks. Failure to attempt all the tasks will result in a referral. To ensure good academic practice at postgraduate level you must reference all your citations, in the text, in the Harvard format (see the programme's student handbook for more information). All references, in the text, must be listed on a reference page at the end of the assignment, but before any appendices.

Format your assignment by answering each task in turn, labelling each task, and subtask, with the appropriate number and letter. Please remember to put your name and student number on the assignment.

After completing the Marketing Principles module you should be able to:

- Understand the concept and process of marketing

- Use the concepts of segmentation, targeting and positioning

- Understand the individual elements of the extended marketing mix

- Use the marketing mix in different contexts

Assignment Task

The assignment is in two parts:

PART A is to be submitted for final assessment with Part B (i.e. in ONE document containing PARTS A & B) on 28 September 2015.

In order to assist with your learning and to give you some early feedback you are encouraged to submit a draft of your FULL ANSWERS to Part Aand / or an OUTLINE / PLAN of your answers to PART B to your tutor. You are then able to alter your workaccordingly after receiving feedback and before the final submission.

This is optional and does not contribute to the grading for the module and whether you do this or not you must still submit Part A with Part B i.e. in one MS Word document, on28 September 2015.

If you do decide to complete either, or both, of the ‘drafts' then, in order to receive timely feedback,they must be emailed to the module tutor by 13 August 2015latest.You can email the drafts/s to your tutor earlier if you are ready to but please ensure that you have worked through the learning materials BEFORE you put any draft work / assignment plan together.

The tutor's email address can be found on the module page on ilearn and you will receive feedback within seven working days.

PART A

In Unit 3 of the ilearn learning materials you will have discovered the basis of the 4Ps (the basic marketing mix) as well as the ‘extended' 7Ps. This initial short assignment task gives you an opportunity to apply it and to receive some early feedback from your tutor.

You should identify two similar products with similar basic product features that aim at different CONSUMER (4.1)market segments. You do not need to concern about where the product was developed and made. It can be made locally or imported. For example you might compare a shampoo formulated for baby that can be used by adults and a shampoo formulated for women who suffering from hair loss. You should then use the table format shown below to illustrate, analyseand explainhow the two businesses use each of the elements of the marketing mix for the products/services that you have selected.

(You should try to use 2 x academic sources (one of which must be the core e-text recommended for the course) as well as 2 x non-academic sources (e.g. magazine article, website)in your answer to PART A ensuring to reference their source correctly - this will allow for a better balance of theory / practice in your writing which is key to a good grade.)

PART B

Scenario -Introducing a smart phone to your local market

You are the marketing manager of a well-known international smart phone designer and manufacturer. You are tasked to lead a newly designed Android based state-of the-art smart phone launch to your local market. The product has a lot of new features and functions that other competing Android based smart phones cannot offer.

You are required to prepare a marketing proposal to your business head highlighting the market competitive situation, customer characteristics and proposed marketing strategies for the product to the targeted consumer groups of your choice. You are to submit your report on TBA.

Your report should cover the following:

Task 1: Marketing Context (approx. 800 words)

- Explain the marketing planning process and argue"marketing oriented approach"for the smart phone product

- Outline some of the macro i.e. external (e.g. PESTLE) and micro i.e. internal (e.g. SWOT) factors for the smart phone company to consider when making marketing decisions

Task 2: Segmentation, Targeting and Positioning (approx. 1000 words)

Consider the new smart phone

Explain and propose segmentation criteria for new smart phone product for two different markets (e.g. using the approach of behaviour segmentation, benefit segmentation, demographic segmentation, or psychographic segmentation)(Assessment Criteria 2.2)

- Use examples from the two markets used in the above answer to demonstrate how buyer behaviour affects marketing activities in the different buying situations.

- Propose a suitable targeting strategy and positioning for smart phone product.

Task 3: Marketing Mix / Marketing mix in different contexts (approx. 700 words)

- Plan the marketing mix (including all 7Ps) for the smart phone in BOTH consumer and business markets - this will help you to illustrate the differences that the smart phone might have to consider when marketing smart phone productto businessesrather than consumers.

- Discuss and show how and why the smart phonemight have to adapt the marketing mix if they were to also offer the new product to an international market.

Verified Expert

The solution is a 4000 words marketing assignment which has two parts. Part A consist of describing the marketing mix and comparing the mix of two products which are similar in nature but are aimed for different segments. The Part B describes the marketing plan of a smart phone company. The solution has been prepared with the Harvard referencing system.

Reference no: EM131139659

Questions Cloud

When should we use the t distribution : Define "Type I error" in your own words. When should we use the t distribution? How do we find the degrees of freedom when using the t-distribution to estimate or test the mean of a sample from a single population..
Write a paper on given topic : Develop a paper in which you formally up your findings. - Specific Hypothesis. - Applicable Concepts.- Practical Implications.- Evidence.- Conclusions.
Dismiss the suit based on the doctrine of sovereign immunity : Sovereign Immunity. Taconic Plastics, Ltd., is a manu-facturer incorporated in Ireland with its principal place of business in New York. The defendant files a motion to dismiss the suit based on the doctrine of sovereign immunity. Under what circumst..
How would you define a vulnerable population : How would you define a vulnerable population? What barriers may prevent these groups from obtaining needed services? What experiences have you had with vulnerable groups in your own life?
Explain the marketing planning process : Explain the marketing planning process and argue"marketing oriented approach"for the smart phone product - Explain and propose segmentation criteria for new smart phone product
Recommend action that you could take regarding supply chain : Imagine that you are a Chief Financial Officer (CFO) of a company. Recommend two actions that you could take regarding the company's supply chain to reduce manufacturing costs of direct materials.
Fulfill requirements for diezepamum-ibuprofen-hydrochloride : A patient is required to have at least 60 milligrams of nifeldipin, at least 1100 micrograms of hydrochloride, at most 1000 micrograms of diezepamum, and at least 31 milligram of ibupro- fen daily. How many grams of Vianol and Gantric should be taken..
Characterize the spe of this game under strategic voting : Suppose the following dynamic voting protocol is in effect: first, there is a vote between a and b; then the winner goes against c; and the winner of this contest will be implemented. Focus on SPE where voters do not use "weakly dominated" strateg..

Reviews

oss1139659

8/25/2016 6:05:11 AM

1. For comparison of 2 products: you should provide specific product details and its uniqueness. The current content carries unlimited relevancy. Place is not clearly and specifically discussion and provide examples of channels. 2. No discussion of “marketing oriented approach” . please add with detail discussion. 3. PESTLE and SWOT are incomplete. Many missing items and no justification/elaboration found. 4. No definition of Segmentation. Segmentation is weakly discussed. No justification. 5. No definition of positioning and no justification of the chosen way. 6. All task 3 discussion is conceptual and vague. Redo with specific recommendation.

oss1139659

8/25/2016 6:03:11 AM

i requested draft version of Part A and Part B seems you completed full answers in draft solution. and this contains only part A, would you pls share draft answers for part B so i can share with professor for feedback.

sha1139659

8/19/2016 5:24:04 AM

team, Need your help on this assignment, as done earlier i would need a draft of FULL ANSWERS to Part A and / or an OUTLINE / PLAN of answers to PART B . Pls go through assignment requirements and criteria and let me know your comments., i know you go with word limit but i'd request you to keep it around economical. Pls consider and i'll make payment by then. Pls carefull read the assessment criteria for passing and prepare accordingly.

Write a Review

Marketing Research Questions & Answers

  What do you understand by the term branding

What do you understand by the term branding The organisational brand defines how the organization best meets its customers' needs in unique and compelling ways. Discuss the statement with reference to relevant brand indentities

  Associate the features of audience, purpose and text

Explain the reason for selecting topic three (3), identify the audience, and provide a preliminary thesis statement.

  Write a financial paper about book barbarians at the gatee

Write a Financial paper about the book "barbarians at the gatee".

  Product and service innovation management

Product and Service Innovation Management - Describe your product concept, giving a clear functional definition. Ideally, you should be able to describe your concept in a few clear sentences:

  Designing a lunchbox menu for children

Marketing Plan- Designing a lunchbox menu for Children

  How horizon of game affect the sustainability of collusion

Discuss how the horizon of the game, the number of firms, the frequency of interaction and multimarket contact affect the sustainability of collusion.

  Quantitative analysis based on a excessive research

Zara is part of a multi-national conglomerate and it is operating in many countries worldwide. There are a total number of 1770 Zara stores world wide in regions of Africa, Asia, Central America and The Caribbean, Europe, North America, and South Ame..

  What happens if a firm can set individualized prices

Why would a monopolist deviate from uniform pricing and set non-constant prices? And what selling policies may it choose? What happens if a firm can set individualized prices depending on previous purchases?

  Design marketing strategies and plans specific

Design marketing strategies and plans specific to customer/consumer and market needs in global markets - Explain and demonstrate an understanding of core marketing principles.

  Fictional start-up company that serves the u.s. market

Create a fictional start-up company that serves the U.S. market with a product or service - Provide a detailed description of your company. The description should include, at a minimum, the company's name, its history, founders, business purpose, a..

  Acceptable to market a product with a known defect

Is it acceptable to market a product with a known defect, if financial benefits exceed costs?

  Identify ethical issues involved in marketing

Identify ethical issues involved in marketing to the customer and discuss how your company can use Customer Relationship Management (CRM) to service its customers.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd