Reference no: EM132418900
For this assignment, you will develop a marketing plan to effectively address the competitive threat. You will choose a real-life company and product, as well as a competitive company and product, to use in the course project assignments.
Assignment: It is important to define and differentiate your brand in the marketplace. Because of your excellent marketing research skills, you know that data and segmentation information is needed to build a strong brand and target market. For this project assignment, create a business report to be shared with your manager that addresses the following:
1: Identify the business' mission, vision, and values.
2: Define goals and objectives for the marketing plan.
3: Determine the one market segmentation (e.g., based on demographic, geographic, psychographic or behavioral segmentation variables) and explain the best strategy for this segmentation.
4: Analyze the branding and positioning strategies of your brand and compose a new brand positioning statement, including rationale and support. How does this new positioning strategy better help your brand stand apart from the competition?
5: Use at least two references. (One source must be the data source site used to provide the business information research.)
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