•A 4,000 word (+/-10%) Paired-authored report (worth 100%). Assessments that exceed the 4,000 (+10%) word limit will be capped at P1. The American Psychological Association (APA) 7th Edition referencing style must be used throughout your report.
•Acting as a Marketing Consultant:
•Launch a product or service of your choice onto the UK market in 2022/23 or 2023/24 and sustain it for 12 months.
•You must not choose a product or service that is already on the market, UNLESS you are planning a substantial repositioning and rebranding of that product or service. Consider one of the following:
•A particular product or service
•A product or service range
•Another aspect which requires communication to a user / customer
•Students are expected to discuss all elements of the marketing or services mix.
•In business it is important to be concise, and relevant. The word count of this report will help you develop these skills.
•The assessment should be submitted via Turnitin in week 15 (Wednesday 27th April, 12 noon).
The report should have three (3) parts.
Part 1: Analysis of the Market & Objectives
§Analyse the current market (competitors, environment – internal/micro, external / macro)
§Identify objectives (corporate and marketing) / key performance indicators
Part 2: Strategy, Target and Tactics/Actions
§Set a strategy
§Define target market
§Identify tactics (marketing mix)
§Address sustainability issues
Part 3: Measurement and control
§What resources are required?
§How will strategy be implemented?
§How will success be measured?
§Be detailed and specific.
§Explain and justify your choices
§Include the following:
•An analysis of the internal and external environment
•Your targeting strategy
•A discussion of the relevant aspects of the marketing/services mix
•Definition of relevant and justified controls and measurements (Key Performance Indications and Critical Success Factors).
•Analysis of issues of sustainability and how these might be addressed
•A timeline for the campaign period and budget breakdown of expenditure.
Divide your report into the following sections:
§This is your analysis of the environmental situation (internal and external)
§What you specifically want to achieve. There should be at least 3. They should be SMART
§This describes the broader thrust of your objectives, and your long-term plan
§This describes the group(s) of consumers at whom who you will aim your marketing (think STP).
§Actions & Budget
§This is what you will actually do in terms of pricing, branding, distribution, communications etc (Include budget, and actions timeline)
§Measurement & Controls
§This outlines how you hope to measure your success
•Situation Analysis and Objectives (30%)
- Internal and external marketing environment, Objective setting
•Strategy, Target, Tactics/actions (50%)
- Proposal and justification of target market, strategic planning, tactical implementation (marketing /services mix)
•Measurement and Controls (10%)
- Proposals for project management and measurement of campaign
•Referencing and Presentation of Report (10%)
- Sourcing and using appropriate material. Using appropriate referencing and citation conventions.
Detailed secondary research is required for this assessment. All material such as company information, websites, books, newspaper articles, journals, theory and models used MUST be referenced within the report as well as a full reference section at the end of the report.
•Theory should be applied throughout.
•Issues of sustainability should be addressed where necessary