Hypothesis and market strategy , Marketing Management

Assignment Help:

As this course progresses collect examples of promotional materials and advertising from various health related organizations.  You can select various media forms but be sure to include web sites and social media. If you work in an organization, use youMArketingr own organization. This will give you the best tangible learning experience. You can use video clips found on You Tube or other sites. 

Objective:

  • Understand the role of health care advertising and promotion strategies. (The emphasis here is on the STRATEGY.)
  • Develop critical faculties in evaluating the content and execution of specific advertisements and promotions
  • Demonstrate your understanding of how these advertisements and promotions fit into and contribute to the execution of the organization's broader marketing strategy.

          Assignment

       (1) Collect healthcare promotional materials that your organization uses or material you see/obtain from various sources and various media. BE sure to use social media.

     (2)  Review the material you have collected, review applicable literature and post a presentation that addressed the questions posed below.

          For two different major healthcare ads/promotions, define the following:

What is the "product" being offered? (Consider that the "product" may not be the actual "thing" for sale but rather the promise of youth, beauty, agility, health, etc. AS we will discuss, the focus is not on the product features but rather on the product BENEFIT. This is a key part of the marketing strategy and important for you to define.)

  • Identify the target segment of the market this advertising/promotion is designed to reach.
  • What is your hypothesis about the broader Market Strategy and how this promotional material fits into the execution of that strategy?
  • What is your hypothesis about the product life cycle stage?  How does the life cycle stage of the product relate to the material you are discussing?
  • Comment on the quality of the execution, that is, the placement of the promotion (timing, frequency, medium through which distributed, communication content, likelihood of leading to desired behavior by prospective customers from the target segment).
  • What is the objective of each of your selected items (e.g. improve image, attract new business,  increase sales volume)
  • How does the marketing material measure up in accomplishing the objective you have identified?  Support your answer.
  • What is the most effective ad? Why? (Define "effective" in this example.)
  • What is the least effective ad? Why (Use the same definition of "effective" as above.)

In preparing your presentation, most students have found it helpful to use power point presentation and scan in print or clip video or web site links.  What ever approach you choose, be sure your presentation is well organized and clearly communicates your points. Be sure to cover the questions above and cite the literature. (You can use the "notes" portion of power point to do this. A word on what "cite the literature" means: you demonstrate that you have read, understood and can integrate the material covered in the course by "citing it" throughout your presentation. As an example, when you address your market segment you might refer to the article by Yankelovitch and Meer and what they wrote about market segmentation.  Show how you have applied their concepts in your approach.  Remember that the objective is to demonstrate that you read, understood and can integrate the concepts we discussed in the course. So be specific.)

Post your presentation as an attachment into the Forum for this topic and the "Assignment" section for grading.


Related Discussions:- Hypothesis and market strategy

Marketing, concepts and different core of marketing

concepts and different core of marketing

Case study, the rise of personal computers in the mid 1980s spurred interes...

the rise of personal computers in the mid 1980s spurred interest in computer games

State the term- consumer goods, State the term- Consumer goods Goods...

State the term- Consumer goods Goods meant for personal consumption by households or ultimate consumers are known as consumer goods. This includes items such as toiletries,

Explain the strategic decision regarding packaging, Explain the strategic d...

Explain the strategic decision regarding packaging. Packaging Strategies: To control the packaging of product executives should make the given strategic decisions as given

How marketing techniques might help changeland''s government, The country o...

The country of Changeland has, for many years, operated as a military dictatorship. Last year, though, a people's revolution brought a democratic election for the first time in liv

Utility of the product life cycle, Utility of the product life cycle 1...

Utility of the product life cycle 1.       As forecasting tool: the study of product life cycle is an important tool for sales forecasting its study foretells that problems a

Differential between old and new concept of the marketing, Differential bet...

Differential between old and new concept of the marketing Basic of difference Old concept of the marketing New concept of the marketing

What is skimming pricing strategy, What is Skimming Pricing Strategy? ...

What is Skimming Pricing Strategy? Skimming Pricing Strategy: This strategy comprises selling the new product at higher price and therefore limiting oneself to the upper

Write Your Message!

Captcha
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