Assignment Task
Task
Assessment criteria:
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- Design a marketing strategy and tactical plan for a brand using the marketing mix (4Ps) framework
- Develop a visual demonstration of the communication section of the plan
- Devise an action plan (schedule) for marketing initiatives
- Develop metrics to monitor and evaluate marketing initiatives
Learning Outcomes:
This assessment is relevant to the following course learning outcomes:
CLO1. Examine the underlying philosophy of the marketing concept, its role as a business function and its relationship with other business functions.
CLO2. Identify and analyse the impact of key trends in the external and internal environments on marketing-related activities of organisations.
CLO3. Analyse the marketing process and determine how various elements of the marketing mix work together to put the right product in the right place in a professional context.
CLO4. Develop effective marketing strategies to achieve organisational objectives.
Target Market:
- What is the problem the category solves for the consumer segment?
- How do they engage with the product category (market segment) day-to-day?
- How do they use the type of product (market subsegment)?
- What other similar or complementary brands do they purchase?
- What are their purchase behaviours toward the type of product?
- Where do they get their information about the category, products and brands – for example, who and what influences them?
Action program (Schedule):
How will the marketing plan be put into practice must be explained, including specific steps and milestones. Include a detailed implementation program identifying what will be done, who is responsible, marketing budgets and deadlines for a one-year plan. Summarise the information in the form of a GANTT chart and show the workflow and what should happen when.
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