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4.8: Assignment- Marketing Plan, Part I

  • Page ID
    16211
  • Student Instructions: Complete the following information about the organization and products and/or services you will focus on as you develop a complete marketing plan throughout the course. You may need to do research to get answers to the questions below. Be sure the organization and offering you select will 1) remain interesting to you for the duration of the course, and 2) have sufficient information available for you to conduct research and make informed recommendations in your marketing plan.

    Company Profile

    • Company Name:
    • Industry:
    • Major products and/or services (names, types):
    • Products and/or services your marketing plan will focus on:
    • Target customers:
    • Distribution channel(s):
    • Headquarters (city, state, country):
    • Year founded:
    • Number of employees:
    • Annual revenue (estimated)
    • Key competitors:
    • Link to Web site:
    • Link to Yahoo! Finance information page (for public companies):

    Market Segmentation and Targeting

    • What problem does your product or service solve?
    • Describe the total market for your solution: Who are potential customers?
    • What are the key segments within this market?
    • Identify and briefly describe 1–3 segments that this company serves.
    • Which segment does this marketing plan focus on, and why? Why do you believe this segment will offer growth and profit opportunities?

    Situation and Company Analysis

    Economic Environment

    Discuss factors that affect your consumers’ purchasing power and spending patterns. What is the economic environment that you are operating in? Is it a growth, recovery or recession? Will it be easy to find staff? What is the current interest rate i.e. is it increasing or decreasing? What is consumer confidence like?

    Technical Environment

    The technological environment changes rapidly. You need to make sure that you are aware of trends in your industry and other industries could affect your business. New technologies create new markets and can influence you consumers and competitors. Industry environment What are the trends in your industry? Are there new entrants in the market? Has a substitute product been introduced? Are there changes in industry practices or new benchmarks to use?

    Competitive Environment

    How many competitors do you have? Who are the key competitors? What are the key selling points or competitive advantages of each one. What is your advantage over competitors? Is the market large enough to support you and competitors?

    Political Environment

    Consider the political environment for the areas that your business will trade and operate in. Is there a stable political system? Are there any licenses and regulations that you should be aware of? Do you need to win support to be able to operate?

    SWOT Analysis

    Instruction: Complete the table below with descriptive responses and explanation as you answer the questions below.

    Strengths

    • Does the organization have a strong brand presence?
    • What resources are available for marketing activities?
    • Does the the company have unique products or services that satisfy the needs of their target market?
    • What makes the company’s products or services unique?
    • What value is brought to customers?

    Weaknesses

    • Does the organization have a weak brand presence?
    • Are resources insufficient for marketing activities?
    • Does the company lack distinctive products or services?
    • Do current products or services fail to satisfy the needs of customers?
    • Do current products or services fail to bring value to customers?

    Opportunities

    • What is the unique opportunity that the company is trying to take advantage of?
    • Does the target market have any unfulfilled needs that the company can satisfy?
    • Are there emerging target markets with needs that the company can satisfy?
    • Are there ways the company and its competitors can benefit by working together?
    • Are there opportunities for collaborating with customers to build brand presence?
    • Describe and analyze if market demand is increasing?
    • Are there changes in the government regulations that will affect the company?
    • Describe any emerging global issues that will affect the company?

    Threats

    • What are the tactics that competitors use to pursue customers?
    • What are the strengths of the company’s biggest and or emerging competitors?
    • In what ways are the competitors’ products or services superior to the company’s offerings?
    • How are competitors likely to respond to any changes in the way the company markets?
    • Is the company behind in adopting new technologies for marketing?
    • Describe any ways in which international competitors are taking away market share?
    • What do customers dislike about the company?
    • Describe and analyze if market demand is decreasing?

    Mission, Objectives, and Goals

    State the mission or business purpose: what the organization wants to achieve, in market-oriented terms. (Example: Disney’s mission could be, “We create happiness by providing the finest in entertainment for people of all ages.)

    List 1–3 objectives that move the organization a step closer to achieving the mission. (Example: A Disney objective could be, “To be the most popular theme park for international visitors.”)

    Convert objectives into specific marketing goals that are easy to measure and evaluate. (Example: Our goal is to increase market share of international theme park visitors by 10% in the next two years.”)

    Sample Grading Rubric

    Company Profile Grading Rubric

    Criteria: Company Profile Not Evident Developing Proficient Exemplary Points
    Professionalism 0-1 pts
    Many grammar and spelling mistakes, citations are missing or not all sources are cited, writing lacks logical organization. It may show some coherence but ideas lack unity. Serious errors and generally is an unorganized format and information.
    2 pts
    Grammar and spelling mistakes, citations mistakes, some sources not cited, organization and readability is difficult to follow, fairly clear articulation of ideas, incorrect use of templates, etc.
    3 pts
    Few grammar and spelling mistakes, few citations mistakes, all sources cited, fair organization and readability, fairly clear articulation of ideas, mostly correct use of templates, etc.
    4 pts
    Proper grammar, spelling, citations, sources, good organization, readability, clear articulation of ideas, correct use of templates, etc.
    4 pts
    Thoroughness 0-1 pts
    Response doesn’t follow instructions; response is not researched or may state items directly from the source with little to no original thought, writing is confusing and difficult to follow; significantly falls short of or exceeds appropriate length; doesn’t address all prompts and assignment criteria; incomplete or missing analysis
    2 pts
    Doesn’t follow all instructions; response is not researched and may be confusing or difficult to follow; significantly falls short of or exceeds appropriate length; doesn’t address all prompts and assignment criteria; incomplete analysis
    3 pts
    Follows instructions; response is researched and articulate; may slightly fall short of or exceed appropriate length; addresses the majority of the prompts and assignment criteria; thoughtful analysis.
    4 pts
    Follows instructions; response is well-researched and articulate; appropriate length; addresses all prompts and assignment criteria; thoughtful analysis.
    4 pts
    Progression 0 pts
    Does not incorporate feedback or suggestions from instructor and peers
    1 pts
    Incorporates minimal feedback and suggestions from instructor and peers; demonstrates minimal continuous improvement
    1.5 pts
    Incorporates much of the feedback and suggestions from instructor and peers; demonstrates continuous improvement
    2 pts
    Incorporates feedback and suggestions from instructor and peers and makes an effort to improve the writing by editing it themselves; demonstrates continuous improvement and initiative in revising and improving work
    2 pts

    Total points possible for Company Profile Assignment: 10 pts.

    Market Segmentation and Targeting Grading Rubric

    Criteria: Market Segmentation and Targeting Not Evident Developing Proficient Exemplary Points
    Professionalism 0-1 pts
    Many grammar and spelling mistakes, citations are missing or not all sources are cited, writing lacks logical organization. It may show some coherence but ideas lack unity. Serious errors and generally is an unorganized format and information.
    2 pts
    Grammar and spelling mistakes, citations mistakes, some sources not cited, organization and readability is difficult to follow, fairly clear articulation of ideas, incorrect use of templates, etc.
    3 pts
    Few grammar and spelling mistakes, few citations mistakes, all sources cited, fair organization and readability, fairly clear articulation of ideas, mostly correct use of templates, etc.
    4 pts
    Proper grammar, spelling, citations, sources, good organization, readability, clear articulation of ideas, correct use of templates, etc.
    4 pts
    Thoroughness 0-1 pts
    Response doesn’t follow instructions; response is not researched or may state items directly from the source with little to no original thought, writing is confusing and difficult to follow; significantly falls short of or exceeds appropriate length; doesn’t address all prompts and assignment criteria; incomplete or missing analysis
    2 pts
    Doesn’t follow all instructions; response is not researched and may be confusing or difficult to follow; significantly falls short of or exceeds appropriate length; doesn’t address all prompts and assignment criteria; incomplete analysis
    3 pts
    Follows instructions; response is researched and articulate; may slightly fall short of or exceed appropriate length; addresses the majority of the prompts and assignment criteria; thoughtful analysis.
    4 pts
    Follows instructions; response is well-researched and articulate; appropriate length; addresses all prompts and assignment criteria; thoughtful analysis.
    4 pts
    Progression 0 pts
    Does not incorporate feedback or suggestions from instructor and peers
    1 pts
    Incorporates minimal feedback and suggestions from instructor and peers; demonstrates minimal continuous improvement
    1.5 pts
    Incorporates much of the feedback and suggestions from instructor and peers; demonstrates continuous improvement
    2 pts
    Incorporates feedback and suggestions from instructor and peers and makes an effort to improve the writing by editing it themselves; demonstrates continuous improvement and initiative in revising and improving work
    2 pts

    Total points possible for Market Segmentation and Targeting Assignment: 10 pts.

    Situation and Company Analysis Grading Rubric

    Criteria: Situation and Company Analysis Not Evident Developing Proficient Exemplary Points
    Professionalism 0-5 pts
    Many grammar and spelling mistakes, citations are missing or not all sources are cited, writing lacks logical organization. It may show some coherence but ideas lack unity. Serious errors and generally is an unorganized format and information.
    10 pts
    Grammar and spelling mistakes, citations mistakes, some sources not cited, organization and readability is difficult to follow, fairly clear articulation of ideas, incorrect use of templates, etc.
    15 pts
    Few grammar and spelling mistakes, few citations mistakes, all sources cited, fair organization and readability, fairly clear articulation of ideas, mostly correct use of templates, etc.
    20 pts
    Proper grammar, spelling, citations, sources, good organization, readability, clear articulation of ideas, correct use of templates, etc.
    20 pts
    Thoroughness 0-5 pts
    Response doesn’t follow instructions; response is not researched or may state items directly from the source with little to no original thought, writing is confusing and difficult to follow; significantly falls short of or exceeds appropriate length; doesn’t address all prompts and assignment criteria; incomplete or missing analysis
    10 pts
    Doesn’t follow all instructions; response is not researched and may be confusing or difficult to follow; significantly falls short of or exceeds appropriate length; doesn’t address all prompts and assignment criteria; incomplete analysis
    15 pts
    Follows instructions; response is researched and articulate; may slightly fall short of or exceed appropriate length; addresses the majority of the prompts and assignment criteria; thoughtful analysis.
    20 pts
    Follows instructions; response is well-researched and articulate; appropriate length; addresses all prompts and assignment criteria; thoughtful analysis.
    20 pts
    Progression 0-2.5 pts
    Does not incorporate feedback or suggestions from instructor and peers
    5 pts
    Incorporates minimal feedback and suggestions from instructor and peers; demonstrates minimal continuous improvement
    7.5 pts
    Incorporates much of the feedback and suggestions from instructor and peers; demonstrates continuous improvement
    10 pts
    Incorporates feedback and suggestions from instructor and peers and makes an effort to improve the writing by editing it themselves; demonstrates continuous improvement and initiative in revising and improving work
    10 pts

    Total points possible for Situation and Company Analysis Assignment: 50 pts.

    Total points possible for Marketing Plan, Part 1 Assignment (Consists of Company Profile Assignment, Market Segmentation and Targeting Assignment, and Situation and Company Analysis Assignment combined): 100 pts.

    CC licensed content, Original
    • Assignment: Marketing Plan, Part I . Provided by: Lumen Learning. License: CC BY: Attribution
    • SWOT and Integrated Marketing Communications Templates. Authored by: Melissa Barker. License: CC BY: Attribution