ASSESSMENT 3 BUS104 – Introduction to Marketing T1 2019 ASSESSMENT 3: Marketing Report (Group) – 25% This assessment is designed to apply the knowledge and skills developed by the students to evaluate...

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Hi this is a marketing group assignment and my section is no 3 which is the recommendations part and our new companies name is UNIQLO which is nominated by the other group members in their S.W.OT analysis I have attached the information file of the assignment and two pics related to UNIQLO and please write 850 words thank you and if you need any help feel free to contact me


ASSESSMENT 3 BUS104 – Introduction to Marketing T1 2019 ASSESSMENT 3: Marketing Report (Group) – 25% This assessment is designed to apply the knowledge and skills developed by the students to evaluate the external and internal environment of a company and identify new offering based on the result of the environmental scanning. In this assignment, the student is expected to analyses the external and internal environments (SWOT), identify a relevant strategy (S-0, W-O etc.), identify and describe a target market, and develop a suitable new product or new services for the company to introduce for this target market. Each group has to nominate a company (the client) for this plan, Tutor needs to approve the company before it can proceed to the next stage. Students are required to conduct a SWOT analysis, identifying the internal strengths and weaknesses and external opportunities and threats of the company. The goal of a SWOT analysis is to identify the critical factors that may affect the proposed business concept (or new product or new services) and then build on Suggested Structure Executive Summary, half a page summary contains the key findings of the report. Section 1: Introduction and background to the company • Introduction to the task, definition, purpose and value of a SWOT analysis for organizations. • Introduction to the company being analysed – including e.g. RELEVANT history, current market and product lines Section 2: Analysis of the marketing environments (external and internal environment) and present the summary in SWOT table Section 3: Recommendation a. Target Market: identify and describe the company target markets based on the four segmentation bases b. New product/new services description: based on the result of SWOT analysis, recommend new product or new services design for the identified target market (point a) and explain the customer value provided by this new product/new services. c. Briefly devise the strategies of the relevant marketing mix variables (the 4ps for new product OR the 7Ps for new services Section 4: Conclusion and Recommendation the strengths to reduce the weaknesses, exploit opportunities and avoid potential threats. Students are also expected to identify and describe using segmenting variables, one target market being served by the nominated client and devise a brief marketing strategies. Groups need to base their marketing report on appropriate theory and other relevant current market information where possible. Groups should support their report with the text and a minimum of FOUR (4) other academically relevant and acceptable sources. These may include academic journal articles, research reports and industry analyses, but groups need to be aware of the validity of sources e.g. an unsupported newspaper article may not be considered valid. Submission Details - Individual Assessment - Word limit: 2500 words (±10%) (excluding reference list) - You need to state the word count of the assessment on the cover page. - The review should be professionally presented using proper headings and sub-headings, in Arial 10pt or Times New Roman 12pt, single space. Harvard (Anglia) style referencing. - Submission deadline Week 11 – Saturday 1 June 2019, by 11.59pm - Softcopy to be uploaded on Turnitin via Moddle links - Late penalties and extensions: An important part of business life and key to achieving KOI’s graduate outcome of Professional Skills is the ability to manage workloads and meet deadlines. Consequently, any assessment items such as in- class quizzes and assignments missed or submitted after the due date/time will attract a penalty. Penalty for written assessment is - 5% of the total available marks per calendar day unless an extension is approved - Applying for extension: If students are unable to submit or attend an assessment when due, and extensions are possible, they must apply by completing the appropriate Application for Extension form available from the Student Information Centre in Moodle, the KOI Website (Policies and Forms) and the Reception Desk (Market St and Kent St), as soon as possible but no later than three (3) working days of the assessment due date. The completed form must be emailed with supporting documentation to [email protected] and lecturers / tutors will be advised of the outcome of the extension request as soon as practicable. Appropriate documentary evidence to support the request for an extension must be supplied. Please remember there is no guarantee of an extension being granted, and poor organisation is not a satisfactory reason to be granted an extension. mailto:[email protected] Marks out of 25 will be awarded based on how well the following criteria is addressed: Criteria % Marks Executive Summary 5% Introduction and Background of the Company 10% Marketing environment analysis 20% SWOT Table 10% Recommendation (target market, new offering, marketing strategy) 35% Conclusion 5% Presenation (format & layout) 5% % Present the information in a professional manner with correct referencing 10 % Marking Rubric for BUS104 Introduction to Marketing Assessment 3 : Marketing Report – 25% Criteria Fail (0 – 49%) Pass (50 – 64%) Credit (65 – 74%) Distinction (75 – 84%) High Distinction (85 – 100%) Executive Summary (5 marks) Executive summary which contain important finding in the report are poorly presented Executive summary which contain important finding in the report are sufficiently presented Executive summary which contain important finding in the report are adequately presented Executive summary which contain important finding in the report are well presented Executive summary which contain important finding in the report are presented in an excellent manner Introduction and background of the company (10 marks) Limited ability to introduce the task and purpose of the report as well as limited demonstration to introduce the company being analyse, in respect to RELEVANT history, current market and product. Average ability to introduce the task and purpose of the report as well as limited demonstration to introduce the company being analyse, in respect to RELEVANT history, current market and product. Above average ability to introduce the task and purpose of the report as well as limited demonstration to introduce the company being analyse, in respect to RELEVANT history, current market and product. Good ability to introduce the task and purpose of the report as well as limited demonstration to introduce the company being analyse, in respect to RELEVANT history, current market and product. Excellent ability to introduce the task and purpose of the report as well as limited demonstration to introduce the company being analyse, in respect to RELEVANT history, current market and product. Marketing environment analysis (20 marks) Demonstrated limited coverage of marketing environmental analysis Demonstrated average coverage of marketing environmental analysis with only few aspects are analysed Demonstrated above average coverage of marketing environmental analysis with some aspects are analysed Demonstrated good coverage of marketing environmental analysis with most aspects are analysed Demonstrated excellent coverage of marketing environmental analysis with all aspects are analysed SWOT Table (10 marks) Limited ability to analyse and present the result of SWOT analysis Average ability to analyse and present the result of SWOT analysis Above average ability to analyse and present the result of SWOT analysis Good ability to analyse and present the result of SWOT analysis Excellent ability to analyse and present the result of SWOT analysis Recommendation: Target Market (10 marks) Limited description on recommended target market by using segmenting variables and do not specify any recommended target market. Sufficient description on recommended target market by using segmenting variables and do not specify any recommended target market. Adequate description on recommended target market by using segmenting variables and do not specify any recommended target market. Good description on recommended target market by using segmenting variables and do not specify any recommended target market. Excellent description on recommended target market by using segmenting variables and do not specify any recommended target market. Recommendation: New product recommendation and justification (10 marks) Limited description and justification on recommended product based on the result of SWOT analysis Sufficient description and justification on recommended product based on the result of SWOT analysis Adequate description and justification on recommended product based on the result of SWOT analysis Good description and justification on recommended product based on the result of SWOT analysis Excellent description and justification on recommended product based on the result of SWOT analysis Recommendation: Relevant marketing strategies (15 marks) Limited description on relevant marketing strategies in terms of the 4Ps or the 7Ps. Sufficient description on relevant marketing strategies in terms of the 4Ps or the 7Ps. Adequate description on relevant marketing strategies in terms of the 4Ps or the 7Ps. Good description on relevant marketing strategies in terms of the 4Ps or the 7Ps. Excellent description on relevant marketing strategies in terms of the 4Ps or the 7Ps. Conclusion (5 marks) Limited ability to write and effective conclusion. Sufficient ability to write and effective conclusion. Adequate ability to write and effective conclusion. Good ability to write and effective conclusion. Excellent ability to write and effective conclusion. Presentation: Format and layout (5 marks)
Answered Same DayMay 26, 2021BUS104University of the Sunshine Coast

Answer To: ASSESSMENT 3 BUS104 – Introduction to Marketing T1 2019 ASSESSMENT 3: Marketing Report (Group) – 25%...

Soumi answered on May 27 2021
163 Votes
BUS104 – INTRODUCTION TO MARKETING
Table of Contents
Section 3: Recommendation    3
a. Target Market    3
b. New Product Description    3
c. Marketing Mix: The 4 Ps’ of New Product    4
Refere
nces    6
Section 3: Recommendation
a. Target Market
The target market for UNIQLO was the people with medium earning families. The products of UNIQLO was designed for them with premium quality products in reasonable prices. This is a Japanese company operating in various countries like U.S. It was first a general unisex casual wear store. It has a huge market in Japan with more than 100 UNIQLO stores spread out in various places. It adopted strategies from the American retailer ‘The Gap’ and started implementing in its own business (Fast Retailing, 2019). They started to manufacture their own clothes and sell in the market and gradually they expanded globally beginning from the U.S., Hong Kong, South Korea and many more eventually. They soon had spread over in all the countries it entered with a good customer base and popularity of their products. And also started consulting with designers to design their products, which was a great idea as it resulted in increase in sales turnover of the company.
The main target of the company was to attract the middle income grouped people into their stores, which was a huge number of the population. The products of UNIQLO gained a huge popularity in the US market and the customers showed huge interest in their self-made products designed very nicely with a maintained quality. After opening up in U.S. market, a new fashion designer was appointed by the company to design the products and boost up the fashion concepts and styles according to the U.S. market. It has a target of opening approximately 200 stores and above in major locations in the U.S. market, generating a revenue of approximately $ 10 billion from them...
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