Group assignment - Semester-Long Marketing Plan Project
Group assignment instruction – HI5004 Marketing Management Assessment Details and Submission Guidelines Trimester T2.2021 Unit Code HI5004 Unit Title Marketing Management Assessment Type Group report Assessment Title Group assignment - Semester-Long Marketing Plan Project Purpose of the assessment (with ULO Mapping) This assignment requires your group to undertake the process of analysing one product/service and its operating environments from a marketing perspective. And then apply the learning from lecture 1-11 in the development of marketing strategy. You will provide an overview of this product/service, as well as detail the type of orientation towards marketing it takes. You are also required to examine and analyse the context and environments in which this product/service operates (its industry and the macro-environmental forces impacting on the industry). Weight 40 % - Topic approval: 5% - Blackboard tools: 10% - Group report: 25% Total Marks 40 marks: - Topic approval: 5 marks - Blackboard tools: 10 marks - Group report: 25 marks Word limit - Topics approval: 200 words Due Date - Topic approval: 11pm Wednesday 18th August 2021 Week 5 – Australian standard time - Group Blog and BB tools: every week, from week 4 to week 11 - Group report: 11pm Friday 1st October 2021 Week 11 - Australian standard time Submission Guidelines • All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page. • The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers. • Reference sources must be cited in the text of the report and listed appropriately at the end in a reference list using Harvard referencing style. 2 Semester-Long Marketing Plan Project (40%=40 marks) An effective way to help students learn about marketing management is through the actual creation of a marketing plan for a product or service. This project is designed to accomplish such a task. Students need to be in a group of 4 (FOUR) (you can’t change the group by any reason) the instruction how to find your group members have been sent to you, please have a look and read it carefully before you make the decision to select the group that you want to join in. Each group set up a company and decides on a consumer product or service they wish to bring to market. It must be an innovative product/service which has never been in the market before and not belong to any existing company. You can discuss with your tutor about the product/service that you want to select. 1. Product/service Approval: Weight: 5 marks = 5 %. Length: 200 words - By the end of week 5 (11pm Wednesday 18th August 2021 Week 5) group needs to submit the product/service that they will select for the group report - The proposal includes: Introduction about the product or service. Please be aware about the requirement of the product/service. It must be an innovative product/service which has never been in the market before and not belong to any existing company. - By 23rd August, if the product/service is approved, group can select it to do the group report. The approval will be indicated in the feedback to learner box in the proposal submitted - If the topic is not approved on 23rd August, the topic approval assignment is marked Zero and will not be remarked. Students are required to submit a different topic and get approval no later than 1st September 2021. If the group does not select a different product/service as required, the Final group report will be marked Zero. The coordinator will inform the group if the new product/service is approved by email 3 2. Blackboard tools Weight: 10 marks = 10% Due date: from week 4 to week 11 In order to get marks: From week 4 to week 11, all the group members need to use Blackboard tools: - All the discussion about group assignment needs to be recorded by using Group Blog tool (Instruction can be found below, for further question, please advise your tutor). The discussion must be relevant to the content of the assignment and reflects the outcome of the group meeting. - Group needs to use File exchange tools: All the academic papers that are used in the assignment need to be posted on BB by using File Exchange tool (Instruction can be found below, for further question, please advise your tutor). Group needs to submit the Draft for their assignment by using File Exchange tool If one of the requirements above is not followed, this assessment will be marked ZERO 3. Group Report Weight: 25 marks = 25% Word count: 2500 words (+/- 10%) for the report Due date: 11pm Friday 1st October 2021 Week 11 - Australian standard time Requirement: The report analysis: - Competitive information - Environmental scanning. - Demand forecasted - Specific market segmentation, targeting, and positioning statements - Product or service’s brand positioning 4 - Who are the market leaders for their chosen product or service? What niche have they identified for their product/service? Is their product or service going to be a leader, follower, or challenger to well-established products or brands? - Consumer-adoption process for their new product. How will the consumer learn about their new product and how quickly will they adopt it? Will the product be targeted to the heavy users and early adopters first, then early and late majorities? What is their estimated time for full adoption? - Pricing strategy decisions for their product/service. Students have addressed all or most of the material concerning pricing covered in week 8. - Students should be directed to turn in their retailing, wholesaling, and logistical marketing plans. Those students who are acting in the role of providing a new “service” should include here their plans for locations, hours of operations, and how their “service” plans on managing demand and capacity issues. - The integrated marketing communications mix. - All the possible communication media (for example, students will tend to concentrate their media on television or on the Internet and include other forms such as personal selling and radio). - At least 5 academic references need to be used. Please follow the instruction of reference system at the end of this document The following is an outline of this process: Week Topics Requirement Note 1 Marketing for the New Realities 2 Marketing Strategies and Plans Groups need to be set up and informed to the lecturers 3 Marketing Research Groups need to be set up and informed to the lecturers 4 Consumer behaviour Groups need to be set up and informed to the lecturers 5 Identifying Market Segments and Targets Groups need to be set up and informed to the lecturers. 6 Brand Positioning and Brand Equity Topic approval 7 Product strategy 8 Pricing strategies and programs BB Tools 5 9 Integrated marketing channels and distribution system BB Tools 10 Integrated Marketing Communications – Part 1 Designing and managing integrated marketing communication BB Tools 11 Integrated Marketing Communications – Part 2 Managing Mass Communications Group Report: Weight: 25% = 25 marks. Word count: 2500 words (+/- 10%) for the report Due date: 11pm Friday Week 11 for the report. Requirement: The report analysis: - Competitive information - Environmental scanning. - Demand forecasted - Specific market segmentation, targeting, and positioning statements - Product or service’s brand positioning - Who are the market leaders for their chosen product or service? What niche have they identified for their product/service? Is their product or service going to be a leader, follower, or challenger to well-established products or brands? - Consumer-adoption process for their new product. How will the consumer learn about their new product and how quickly will they adopt it? Will the product be BB Tools 6 targeted to the heavy users and early adopters first, then early and late majorities? What is their estimated time for full adoption? - Pricing strategy decisions for their product/service. Students have addressed all or most of the material concerning pricing covered in week 8. - Students should be directed to turn in their retailing, wholesaling, and logistical marketing plans. Those students who are acting in the role of providing a new “service” should include here their plans for locations, hours of operations, and how their “service” plans on managing demand and capacity issues. - The integrated marketing communications mix. - All the possible communication media (for example, students will tend to concentrate their media on television or on the Internet and include other forms such as personal selling and radio). - At least 5 academic references need to be used 12 Revision 7 How to do group assignment – Instruction Group tools Your instructor chooses which communication and collaboration tools are available to your group. If you want to use a tool but don't find on your group's page, ask your instructor to enable it. Tool Description File Exchange Group members and instructors can share files in this area. All members can add and delete files, regardless of who added them. Group Blog In the group area, all members of a group can create entries for the same blog and build on each entry. All course members can read and comment on a group blog, but they can't make posts unless they are members of the group. Instructors can choose to grade group blogs. All group members receive the same grade. Group Journal In the group area, all members of a group can view each other's entries. Only group members and instructors can view a group journal. Instructors can choose to grade group journals. All group members receive the same grade. Send Email Group