1 MRKT20052 Marketing Management and Digital Communications Term 2 2018 Assessment 1: Presentation Due date and time: Week 6: 20th August (Monday); 5pm AEST Weight: 20% This assessment task requires...

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1 MRKT20052 Marketing Management and Digital Communications Term 2 2018 Assessment 1: Presentation Due date and time: Week 6: 20th August (Monday); 5pm AEST Weight: 20% This assessment task requires you to conduct a situational analysis that consists of a comprehensive external and internal analysis for a new product or service from the pre- determined list (see below). This assessment sets the foundations for assessment 2. You are required to prepare a 5 minute PowerPoint presentation that includes a maximum of 10 slides (including title and reference slides). Your presentation should at least show an application of all marketing concepts, theories, tools and models discussed in the unit until week 5 to that new product. Product/service Weblink Motiv Ring Ingogo https://www.ingogo.com.au/ Cairns Aquarium Natural Evolution https://www.naturalevolutionfoods.com.au/ Assessments 1 and 2 are related and you will be required to develop a marketing plan for the same product or service in Assessment 2. Assessment 1 is in fact the first part of writing up a marketing plan and Assessment 2 is the second part. You can use the example given on pages 69-73 on the textbook as a guide. However, it is highly recommended that you check other sources for examples of marketing plans. There will be additional information provided in unit’s Moodle page. The preparation for this presentation involves extensive research and you will need to start working on this assessment as early as possible. The PowerPoint slides will need to be uploaded in Moodle under the “Assessment 1” submission link as a .ppt or .pptx file. A font size of at least 20 should be used for the body of the text. https://mymotiv.com/ http://www.cairnsaquarium.com.au/ 2 For students located at the local campuses: This assessment will be a team effort. Your campus lecturer will help organise you in a team of 3 members by Week 3. The objectives of the team-based assessment are to enable you to develop your communication and interpersonal skills, achieve cross-cultural understanding, strengthen your critical and rational thinking abilities and learning and enjoy different perspectives on the same topic. You are to select a team leader for your group who will communicate with the local lecturer. The team leader will be responsible for submitting the presentation to Moodle. As a team player, you are expected to do all preparatory work before meetings, attend all meetings arranged in conjunction with team members by the team leader whether it is online, on the phone or in class, contribute significantly to the group work and diligently complete any work assigned to you. ONLY the team leader will upload your final assignment in Moodle by week 6 deadline. The team will present their work to their campus tutor and fellow students at a time specified by your lecturer for not more than 5 minutes for each group, usually in the tutorial of Week 6 (and Week 7 if necessary). Your assessment will be marked both on the quality of the presentation as well as the content. Your campus lecturer will mark your presentation which will be moderated by the Unit Co-ordinators. Team members will report students who did not contribute in an effective way to the assignment work to the campus lecturer. Therefore, each team member may not achieve the same mark for this assignment. Students who did not belong to a group will get 0 marks. Your campus lecturer will provide you with immediate feedback on how the content can be improved but will not disclose marks until the return date for assignments. Feedback on your presentation will allow you to know if you are on track for the next assessment. For distance education (Flex) students: You can either complete this assessment individually or in a group (not more than 3 members). You can use the Moodle forum to find group members. Please inform the Unit Co-ordinators (please email both the unit coodinators) of your group membership by the end of Week 3. For this assessment you are required to prepare PowerPoint slides with voiceover (5 minute maximum). Only one person from the group is required to submit the presentation in Moodle. You do not need to read the in-text referencing or references at the end of the slides in your recording. You should use a headset with microphone preferably or speak loudly if you use the inbuilt microphone on your laptop/computer. Please make sure your voice is clear, can be heard and understood when playing the PowerPoint slides before you upload your work into Moodle as a .ppt or .pptx file. For hints on how to convert a PowerPoint slide to a presentation with voice over, 3 please view the link. Adding Voice Over to PowerPoint Presentations in 5 Easy Steps: http://www.emergingedtech.com/2012/12/add-voice-over-to-powerpoint- presentations-in-5-easy-steps/ Assessment Criteria Title slide (1 mark): includes students’ names, ID numbers, unit code and unit name, campus, term and year, the title of the assessment task, and names of the unit coordinator or lecturer/tutor. Background information of the company and product/service (3 marks): includes aims of the assessment, background information of the company and the product or service chosen. Consider conducting an organisation analysis (what does it stand for?) within its industry. Situation analysis (5 marks): includes a description of the potential customers (i.e. market size, buying behaviour, etc.), analysis of the competitors and evaluation of the context (i.e. environmental analysis including political, economic, societal, technological and legal aspects). Consider conducting: a) Customer analysis b) Competitor analysis c) Other stakeholder analysis d) SWOT analysis e) Problem and opportunity statement Conclusion and reference (3 marks): includes an effective summary of the key points of the presentation. Referencing should follow the APA style. Evidence of research (5 marks): The quality and integration of research in the presentation to support key points. This should include theoretical and empirical research findings from a combination of at least 10 (ten) academic journals and textbooks. Any website that is used to find statistical information is also considered as part of evidence of research but not part of academic journal or textbooks. Useful websites include Australian Bureau of Statistics, Austrade, CIA Factbook, Doing Business and any state or commonwealth authority websites. 4 Presentation quality including voiceover (3 marks): Good PowerPoint presentation with clear voiceover. You could be penalised for having small fonts (recommended font size is 20 or larger). Specifically, you will be assessed on the following aspects: a) Quality of visual aides b) Confidence c) Simply reading off the slides is not acceptable d) Time management e) Clarity of speech and use of pitch, tone and inflection. Assessment 2: Marketing Plan Due date and time: Week 10: 20th Sept (Thursday); 5pm AEST Weight: 40% Task Description Assessment 2 requires students to work individually on their selected new product or service (from assessment 1) to create a comprehensive strategic marketing plan. This is an individual assessment with a maximum word limit of 2500. Your assessment should be an application of relevant marketing concepts learnt in the unit. There is no need to go into details about explaining marketing concepts, rather it should be an applied discussion. Please upload the assessment through the appropriate Moodle link by week 10. Each assessment must be uploaded as a .doc or .docx file (word file). Any assessment with a ‘Turnitin’ similarity score of more than 25% will be checked by the marker for plagiarism although it may not necessarily mean that you have plagiarised. If there is a substantial similarity score in the ‘Turnitin’ report, your assessment could be forwarded to an appropriate office/authority. 5 Assessment Criteria Title page, table of contents, executive summary and introduction (3 marks): – includes a title page, table of contents and executive summary that are professionally written and organized. The executive summary contains the key points of the whole report in 3-5 paragraphs written in single page. Introduction section should provide background information of the product or service chosen in assessment 1. You can summarize the key information from assessment 1 in the introduction section. Specifically, you will be assessed on the following aspects: a) Executive summary b) Introduction c) Situation analysis recap Discussion of the segmentation, targeting and positioning approach (10 marks): a discussion on the potential customer segments for your product or service and which one(s) you wish to target with good justifications. Also, discuss the desired positioning for the product or service. Develop a clear positioning statement. Specifically, you will be assessed on the following aspects: a) Problem statement b) Discussion of potential market segment c) Discussion of target market and positioning Set 3 marketing and 3 financial objectives (3 marks): provide realistic marketing and financial objectives. Specifically, you will be assessed on the following aspects: a) Marketing objectives and goals b) Financial objectives and goals Formulation of a detailed marketing mix strategy (10 marks): should cover specifics of the product, price, promotion and place aspects. Specifically, you will be assessed on the following aspects: a) Marketing mix – how are they to be applied? b) Marketing strategy proposed implementation 6 Budget allocation for promotion mix (3 marks): should provide the media and budget allocation for each of the promotional mix elements and mapped against the objectives of the promotional mix elements. Put special emphasis on digital communications strategies. Conclusion and reference (3 marks): includes a summary of the key points of the presentation. Provide a list of at least 15 (fifteen) citations and references of some published academic and research papers, textbooks and authentic Web sources. Referencing should follow the APA style. Evidence of research (6 marks): The quality and integration of research in the writeup to support key points. This should include theoretical and empirical research findings from a combination of academic journals and textbooks. Any website which is used to find statistical information is also considered as part of evidence of research but not part of academic journal or textbooks. Useful websites include Australian Bureau of Statistics, Austrade, CIA Factbook, Doing Business and any state or commonwealth authority websites. Mechanics (2 marks): Use of headings, sub headings, cohesion of paragraphs were of high quality. Grammar, spelling and punctuation are of exceptional standard. Penalties apply for exceeding word limit (1% mark will be deducted from the total mark for Assessment 2 for every 100 words over the allowed 2500 (+ 10%) words limit). Note: Detailed marking rubrics will be
Answered Same DaySep 11, 2020MRKT20052Central Queensland University

Answer To: 1 MRKT20052 Marketing Management and Digital Communications Term 2 2018 Assessment 1: Presentation...

Prateek answered on Sep 15 2020
146 Votes
Running Head: MARKETING STRATEGY        1
MARKETING STRATEGY        7
INGOGO MARKETING STRATEGY
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Unit Code:
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Executive Summary
The report discusses the marketing plan of Ingogo cab-hiring application company. It analysis the background situation for the taxi business. It explains how Ingogo has managed to excel despite the growth of other global giants in this business. It gives special emphasis upon the marketing objectives and goals.
The segmentation is done with geographic, demographic and behavioral sectors
. Ingogo is targeted to urban centers with relatively high population and potential customers. It is directed towards tech savvy people, who are likely to own smartphone and download the application. The positioning is done around the differentiating factors such as fixed pricing and super convenience services.
In the marketing mix strategy, Ingogo is looking to expand its product portfolio to more than just an application for booking cab services. It will be a one stop-center for tours and travelers with the services of traveling across different cities in Australia. It will maintain its fixed pricing model without charging surge pricing. The promotional mix will have quirky advertisement to capture the attention and interest of the potential customers. The said goal of 20% market share increase is likely to be achieved through allocating proportionally across different promotional mix elements and digital means is the most important out of all other tools.
Table of Contents
Executive Summary    2
Introduction    4
Situation analysis    4
PESTEL Analysis    5
SWOT Analysis    5
Segmentation, Targeting and Positioning    6
Segmentation    6
Targeting    7
Positioning    7
Marketing and Financial Objectives and Goals    8
Product and Services    8
Marketing Mix Strategy    9
Product    9
Place    9
Price    9
Promotion    10
AIDA Model    11
Budget Allocation Strategy    12
Advertising Budget    12
Sales Promotion    13
Digital Campaign    13
Budget Summary    14
Conclusion    15
References    16
Introduction
Ingogo is an Australian firm that focuses on online taxi bookings and payments. The bookings are made through mobile application. The Company is present in different cities such as Melbourne, Perth, Adelaide, Brisbane and Sydney. It provides the facility to book at fixed prices from the nearby taxi regardless of their taxi service. Its prices do not surge pricing or charges extra fees because of traffic jams or other such things. Its system allows one to book the taxi by up to two days in advance. The company headquarters is in Sydney and is founded by current CEO Hamish Petrie. The services by the company include tour and travel packages, where it has become the first travel services which provides the whole city tours. Dedicated drivers have been assigned for these services, where they are trained to service as a city-tour guide for the travelers. Though the same model of booking taxi services are also available with other industry giants such as Uber among others, but Ingogo has managed to create its own business largely due to introduction of fixed fair pricing in all its services, which is not easily available with other leaders in the same segment of cabs.
Situation analysis
Ingogo app was launched in 2011 with the idea of connecting passengers directly with taxi services. It was launched a year before the global giant in taxi services- Uber. As mentioned by Delgehier (2014), it became a highly competitive business with coming in of different players and the changed government regulations, with more focus on safety. Presently, Ingogo is valued at more than $100 million and is considering funding from leading investors in this business model and in the last 3 years it has received over $16 million in the form backing from prominent investors. There are over 80,000 drivers across Australia working in the cab hailing service and more than 3.5 million passengers using the app services to book the ride (Allen 2015).
PESTEL Analysis
The PESTEL factors can be used to analyze the situation in the same segment. Politically, the government has supported the growth of private taxi app services, as this fuels the demand and growth for the state. As stated by Allsop (2014), economically, it costs less through the cabs as compared to individual trips, as taxi services also features the ‘share’ option where the price for the same distance and locations are significantly cheaper than for individual trips. Technologically, it requires a smartphone and the downloaded application. Just from the click of smartphone on the application, one can book and can keep track of the cabs. Legally, the services offered by the organization are valid as the same has been approved by the government through the suitable statutes. However, due to emphasis on safety and rising consumer protection consciousness, the industry will get more regulated, which can increase the overhead costs for the industry players. Environmentally, it is advisable to take share ride services rather than individual services, as the former allows more people to travel in the same car rather than taking individual cars for everyone. The PESTEL factor analysis supports the growth of this sector in the future (Dileep & Mathew 2017).
SWOT Analysis
The SWOT analysis shows that the strength of the organization lies in its quality services and the ability to provide fixed charge for the ride services. The major weakness is that the model is restricted only to the few metropolitan cities as the profits are not instant from this service, which requires lot of capital investment from the financer upfront. The biggest opportunity lies in its unique idea, as it is the first organization to start this unique service, so it can reap the advantage of being the only service in this segment. The threat to this service lies from the existing cabs service companies such as Uber, as they have the capital and other necessary resources to start the similar services on their own, which will come in direct...
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