Marketing Management

Marketing

Marketing Management management

MARKETING716 – Winter 2022

Marketing Portfolio Assignment Part 1 – 1

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Overview:

This is the first part of the marketing portfolio project that you will complete over the course of the semester. By the time you have finished, you will have essentially written a Marketing Plan for a consumer product in Canada. You will need to choose a consumer product from the list at the bottom of the assignment. Only one team per brand.

GROUP PROJECT: Maximum three (

) students per group

DUE: Week 5 – Wednesday, February 9th by 11:59 pm to the Assignment folder.

Instructions:

1. Identify the trends and changes that are occurring in the external environment that impact your chosen product’s marketing plan.

a. Specifically, consider trends and changes in the areas of Technology, Regulatory, Economics, Environmental, Demographics, and Socio-Cultural happenings in this marketplace.

b. Research and analyze at least 3 factors and how they relate specifically to your brand/product. Explain for each of the factors you have selected the positive or negative implications (minimum of two for each) the external environmental factor could have on your chosen product’s marketing plan. Ensure that you explain why?

c. Provide recommendations (action plans) as to what you plan to do to alter your current marketing plan to address this implication, again based on the factors you selected. Ie. How may these trends impact your Product, Price, Promotion or Place strategy? (10 marks)

Format Example

a) External Trends

b) Implications: + and –

1, Technology

Consumers increasingly using on-line shopping for their purchases.

Positive

Canadian Tire has just put a renewed focus on updating their website to be more user friendly and easier to purchase

Negative

The chain still does not do next day delivery to home to compete effectively against Amazon. Also prices may not be competitive enough.

Economic?

Cultural?

c) Actions Plans

· The chain needs to significantly ramp up its on-line capabilities in the following areas; Example

· Price: review to see if pricing is competitive enough and in line with what is being offered (product, service)

· Place; Need to get next day delivery established to home vs going to store

· Promotion: Needs to actively promote the on-line service to attract new customers and keep existing

· Product: review their product line-up to see what other products they can add for variety

2. Review the competitive environment for your chosen product.

a. Specifically, provide details on 3 direct competitors, focusing on comparing the

“P”’s for your own product versus the competitor’s product.

b. Evaluate and specify your product’s ‘Unique Selling Difference’ or “Value” what makes it different and what value does it provide the consumer?

c. Provide rationale for your evaluation. (10 marks)

Format Example

a)

b) Unique Selling Difference

· Tell me what makes your brand unique. What is the one thing that differentiates this business/brand vs the competitors? Example: Canadian Tire is a Canadian neighbourhood store that offers everything you need for your household

c) Give me three points that rationalize and support your unique selling difference

3. Include a SWOT (strengths, weaknesses, opportunities, threats) analysis using a bullet point, table format.

a. This analysis should be from the perspective of your product and how it compares to its overall market/category.

b. Finally, summarize your findings and describe and explain possible implications for the marketing of this product – include both positive and negative. (10 marks)

Format Example

a) Put in a Grid below

b) Implications

From your analysis above, what are the three things that the company needs to do differently or focus on in their Business and Marketing Plan

4. From a Global Citizenship and Equity (

) perspective:

a. Identify (in your own words) how your product’s firm has supported environmentalism and sustainability, and

b. Has supported social responsibility at the national or global level. Please provide supporting documentation and examples
(10 marks)

Format

a) Environmentalism and Sustainability
– write down (in own words) what the company is doing in this area

– provide examples as support

b) Social Responsibility

– write down (in own words) what the company is doing in this area.

– provide examples as support

5.

professionalism and presentation of the assignment

a. including cover page, bibliography including citation (APA), spelling/grammar. (5 marks)

Submission:

· Format: Use the format and template provided for each question – it should result in a 3-4 page
type-written report
. Be sure to answer ALL questions. Your assignment should be uploaded in e-centennial with a title page that includes the assignment title/brand, date, name of this class and section, the instructor’s name, and your names and student numbers. The title page and Bibliography are not part of the 4 pages.

· Note you will be judged on original thinking and plagiarizing or selecting content that has already been detailed (ie. Taken directly from the company website) is not permitted. Note your assignment will go through Turn-it In which will assess the amount of plagiarizing. So, be aware that this can lead to a “0” grade.

Due Date: February 9th by 11:59 pm – Submitted to e-centennial dropbox Assignment #1 folder.

Brand/Product Selection Process:

· See the chart below and choose a brand you would like to learn more about

· Access the

Padlet

page and enter your choice followed by the names of each group member. Do not choose a product that a classmate/group has already selected.

Padlet Page link –

https://centennialcollege.padlet.org/llessard/md02762wpngp8g02

Lush

Assignment Rubric: