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9.9: Assignment- Marketing Plan, Part 2

  • Page ID
    16253
  • Recommended placement: Due after the following modules are completed: 6) Marketing Information & Research, 7) Consumer Behavior, 8) Positioning & Differentiation, and 9) Branding.

    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. The subject for this assignment should be the organization and products and/or services you identified for the Marketing Plan, Part 1 Assignment.

    Marketing Information and Research

    Research Question

    Describe an important question you need to answer or a problem you are trying to solve in order to help the organization meet its goals and objectives.

    Information Needed

    Describe the information your organization needs to make effective decisions about how to answer this question or solve this problem.

    Research Recommendations

    What research do you recommend in order to provide the information you need? What research method(s) would you use to get the information you need? Will it involve secondary data and research? Primary research such as interviews, focus groups and surveys? Why do you recommend this research approach?
    Customer Decision-Making Profile

    Identifying the Customer and Problem

    Describe a primary decision maker in your target segment: who they are, what they like, how they make buying decisions. Describe the primary problem(s) your organization, product or service will help them solve.

    Factors Influencing Customer Decisions

    Provide a brief profile of your target segment using at least three of the following categories:

    • Geographic characteristics: e.g., location, region, population size or climate.
    • Personal and demographic characteristics: e.g., age, gender, family size, family life stage, income, personality.
    • Social and Psychological characteristics: e.g., culture, social class, lifestyle, motivation, attitudes, reference groups, beliefs.
    • Situational characteristics: e.g., buying situation, level of involvement, market offerings, frequency of use, brand loyalty.
    • B2B/organizational buying considerations: e.g., individual factors, organizational factors, business environment factors, types of complexity

    Reaching the Customer

    Based on this profile, identify 2-3 marketing strategies or tactics you believe would be effective at reaching this target segment, and briefly explain why they are a good fit.
    Positioning and Differentiation

    Positioning and differentiation explain what you want to be known for in the market, and how you are different from competitors. Respond to the following questions.

    Competitive Advantages

    List the competitive advantages of the product, service or organization you’re focusing on: the things that make it different from competitors in positive ways.

    Market Niche and Positioning Strategy

    Describe the market niche you want to fill, along with the positioning strategy you recommend using. Why do you think this is the right approach?

    Positioning Statement

    Develop a positioning statement using this formula: “To [target audience], [product/service/organization name] is the only [category or frame of reference] that [points of differentiation/benefits delivered] because [reasons to believe].

    Repositioning Considerations

    Do you recommend a repositioning that improves on what the organization has been using up to this point? Why or why not?

    Branding

    Brand Description

    What is the “brand” you are trying to build? What do people think about this brand today, and how do they experience it?

    Brand Promise

    What is the brand promise for this brand? If one hasn’t been defined yet, create one. If you believe the brand promise needs improvement, please suggest how you would refine it. Why is your recommended brand promise a good fit?

    Brand Voice and Personality

    Describe your brand voice and personality using the is/is never template:

    • [Brand] is:
    • [Brand] is never:

    Brand Positioning and Strategy

    Make a recommendation about brand positioning and/or branding strategy to help build the brand and contribute to align it with what your target segment wants. How will this contribute to the success of your product, service or organization?

    Sample Grading Rubric

    Criteria D:

    Below Standard

    C:

    Meeting Standard

    B:

    Above Standard

    A:

    Exceeding Standard

    Suggested Weight
    Point value (4-point scale) 0–1 2 3 4
    Criteria Definitions Incomplete and/or missing work; in need of major revisions, additions and edits Submission appears as first-draft quality needing edits and improvements; limited supporting data Submission contains all elements and includes supporting data; analysis, vision and/or strategy are still developing Submission has compelling analysis, vision and strategy; well-supported with strong data
    Readiness for Review Incomplete; not ready to present Ready to present to committee for constructive feedback Ready to present to your boss/client Ready to present to the board
    Company Profile 0–1 2 3 4 10/100
    Professionalism: Proper grammar, spelling, citations, sources, good organization, readability, clear articulation of ideas, correct use of templates, etc. 40%
    Thoroughness: Follows instructions; response is well-researched and articulate; appropriate length; addresses all prompts and assignment criteria; thoughtful analysis 40%
    Progression: Incorporates feedback and suggestions from instructor and peers; demonstrates continuous improvement 20%
    Market Segmentation & Targeting: Determine market segments and target customers 0–1 2 3 4 40/100
    Sample Grading Rubric
    Letter Grade D: Below Standard C: Meeting Standard B: Above Standard A: Exceeding Standard
    Point Value (4-point scale) 0-1 2 3 4
    Criteria Definitions Incomplete and/or missing work; in need of major revisions, additions and edits Submission appears as first-draft quality needing edits and improvements; limited supporting data Submission contains all elements and includes supporting data; analysis, vision and/or strategy are still developing Submission has compelling analysis, vision and strategy; well-supported with strong data
    Readiness for Review Incomplete; not ready to present Ready to present to committee for constructive feedback Ready to present to your boss/client Ready to present to the board
    Suggested Weight
    Company Profile 0-1 2 3 4 10/100
    Professionalism: Proper grammar, spelling, citations, sources, good organization, readability, clear articulations of ideas, correct use of templates, etc. 40%
    Thoroughness: Follows instructions; response is well-researched and articulate; appropriate length; addresses all prompts and assignment criteria; thoughtful analysis 40%
    Progression: Incorporates feedback and suggestions from instructor and peers; demonstrates continuous improvement 20%
    Market Segmentation & Targeting: Determine market segments and target customers 40/100
    CC licensed content, Original
    • Assignment: Marketing Plan, Part 2. Provided by: Lumen Learning. License: CC BY: Attribution