MKTG1101_Assignment1_Brief 2020 MKTG 1101 Assignment 1: Briefing (20%) 1 AssessmentDetails You are to choose ONE topic covered in week 2 and including week 4. Then choose four (4) academic articles...

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MKTG1101_Assignment1_Brief 2020 MKTG 1101 Assignment 1: Briefing (20%) 1 AssessmentDetails You are to choose ONE topic covered in week 2 and including week 4. Then choose four (4) academic articles (Emerald Library, EBSCO, ProQuest, WARC) and prepare a series of reviews on ONE topic of interest you have chosen. Remember you may explore the topic in different contexts, iemotivation in a selling context and in a behavioural context. The reviews should fully explore the theory underpinning and/ or illustrate how the theory has been applied in a specific context and whether the articles support/ refute the CB concepts/ theory in class. Assignment structure 2 The Topic Report should comprise of: A 250-word introduction for each of the four academic articles selected (4 x 250 = 1000words). A 500-word summary that provides a critical and analytical overview of the four reviewed academic articles in terms of the theory, concepts, themes and context. Total words = 1,500 (+/- 10%). Please note, your report will not be marked if you exceed the word count. Guidance 3 Points to Note: 1. It is important toadopt a critical perspective by providing an overview, analysis and interpretation and not merely regurgitate the contents of the existing research. A critical and analytical review of a journal article evaluates the strengths and weaknesses of ideas and content. 2. What are the author's central arguments or conclusions? Are they clearly stated? Are they supported by evidence andanalysis? 3. Is the research well-researched or is it unsupported? 4. How does the research support/ validate/ refute the theories discussed in class? 5. Ensure to provide correct citations for each article that is used in the review. More guidance 4 An example of critical analysis and synthesis of academic argument: The example chosen is Consumer Disposal/Disposition The basic disposition choices first theorised by Jacoby et al., (1977) and later built upon by Lastovika and Fernandez (2006), have not significantly changed but experienced modifications due to changes in consumer lifestyle and purchase habits. Whereas all such disposal choices are still viable to a contemporary consumer, it may give these new current buying situations that certain disposal options e.g. trade-ins have become more common in some product categories, and thus may well be a consideration for wider brand managers in the future. The existing literature on keeping items describes acute behaviours such as hoarding (Haws et al., 2012 p. 75), which is defined as ‘the acquisition of and failure to discard possessions that appear to be of limited or useless value’ as well as slightly less extreme motivations such as frugality or wasteavoidance. More guidance One alternative to keeping or hording is to move a possession on, within the family and friends' network or either to strangers via selling in a traditional offline context, such as in a garage sale. (Lastovika and Fernandes, 2005). The authors suggest that the process can take place via three routes – two that represent swapping the possession from ‘me’ to ‘not me’, and one where the seller and new owner understand that they have a shared self value of ownership of the item. A more up-to-date exchange is investigated by Cho and Koo (2012) who researched the high-tech markets and confirmed that there is now a new type of early adopter who buys products and resells them quickly in online and offline secondary markets. Such a phenomenon is driven by high-tech product short product lifecycles and inexpensive transaction costs via the internet. Cho and Koo (2012) conclude by stating that, given the speed of such transactions, one can no longer only consider primary purchase consumers in diffusion of innovation modelling. An example (Disposal) 6 So in this example the four papers under review alphabetically 1. Cho, Y., and Koo, Y. (2012). Investigation of the effect of secondary market on the diffusion of innovation, Technological Forecasting and Social Change, 79 (7), 1362-1371. 2. Haws, K.L., Walker Naylor, R., Coulter, R. A., and Bearden, W.O. (2012). Keeping it all without being buried alive: Understanding product retention tendency, Journal of Consumer Psychology, 22 (3), 224-236 3. Jacoby, J., Berning, C. K., and Dietvorst, T. F. (1977). ‘What About Disposition?’ Journal of Marketing, 41(2),22-28. 4. Lastovika, J. L., and Fernandes K. V. (2006). Three Paths to Disposition. The movement of Meaningful Possessions to Strangers. Journal of Consumer Research, 31(4), 812-824. Rules: 7 1. Do not reference (use) any recommended class text. 2. Do not reference (use) the journals provided via Canvas and or in class 3. Choose current articles or most recent articles following on from a historic seminal paper. Assignment requirements 1. Individual assignment 2. Maximum 1500 words (+/- 10%)that excludes coversheet, title page, references, 3. A literature review style with academic writing 4. All sources of information used should be referenced. 5. Use Harvard reference style. Assignment submission: CHECKLIST : Duedate: Sunday 16th August 11.59 pm (end of week 4) 1. Signed RMIT Cover sheet 2. Your name ; Student ID ; TOPIC and WORD COUNT on a Separate Sheet . Submit via Turnitin and submit your similarity index (SI) which must be under 15% Pdf or word files to be submitted to Canvas Microsoft Word - MKTG 1101 Topic Report- Rubric 1 2019.docx 1 MKTG 1101 Consumer Behaviour FEEDBACK REPORT –Topic Report 20% Student Name Student ID CRITERIA Fail Pass Credit Distinction High Distinction Assignment Presentation Format 1. Paragraphing: Are there logical links between paragraphs? 2. Style: mechanics, clear sentence structure, spelling? 3. Referencing –In text and on reference list? 4. Overall Structure: presentation layout Information Content 1. A concise introduction of the research themes (500 words) Analysis and Evaluation of Articles (250 words per article) 2. Understanding of the arguments presented? 3. Evidence of critical analysis? 4. Evidence of interpretation? 5. Evidence of alignment to theory? (Support/ refute?) 40-45 45-49 50-55 56-59 60-65 66-69 70-75 76-79 80-85 86+ HD = HIGH DISTINCTION (80 - 100%) Outstanding work featuring originality, excellent critical analysis, detailed research and comprehensive coverage of relevant issues. Excellent attention to written presentation of the work, including appropriate referencing. D = DISTINCTION (70 - 79%) Superior work featuring originality, solid research, good critical analysis and well substantiated argument. Very good presentation of work, including appropriate referencing. 2 C = CREDIT (60 -69%) Above average work demonstrating an understanding of the concepts and their application. Good research and presentation. Good research and presentation of work, including appropriate referencing. P = PASS (50 - 59%) Work at or just above minimum standard. Tends to be more descriptive than analytical. Arguments not strongly supported. N = FAIL (0 - 49%) Work below minimum standard or failure to meet guidelines specified. Disorganised and with a lack of clarity and detailing the arguments presented. Poor research effort and presentation.
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Answer To: MKTG1101_Assignment1_Brief 2020 MKTG 1101 Assignment 1: Briefing (20%) 1 AssessmentDetails You are...

Kuldeep answered on Aug 18 2021
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Running Head: Segmentation
Segmentation
Segmentation
Contents
Introduction    3
Critical review    3
Selecting a segmentation strategy    6
Bases of segmentation    7
Selecting a target market    8
Conclusion    9
References    10
Introduction
Technically speaking, market division is the process of separating groups of potential customers into different groups. Clients in a market segment have some common features that help the company to use them effectively a
nd target consumers. Segmentation is very crucial concept in marketing. The capability of companies to serve different types of the customers or consumers varies greatly. So, companies should not try to compete in the whole market but should divide the market. Complete the process of the market segregation, companies determine which components can be effectively served.
Critical review
Raj Arora (2008) focuses on another important strategy for driving sales growth to bring prices to customers. This article points out that the purpose of package pricing is only to increase the sales by giving discounts when purchasing pre-defined products. Usually, the other components of a package are the ones that complement your main product. Assume that the goods in the package are more valuable and therefore more attractive to buyers.
Fuller and Matzler (2008) conducted a lifestyle study based on the role of key factors, performance, and excitement in different market segments. This research is necessary because these three factors are different in each market segment. Therefore, consumer satisfaction with product quality should not be measured at the collective level(Basu, 2009). Companies need to consider efficiency factors because they are directly related to the needs, desires, and satisfaction of consumers. To determine the three factors of satisfaction in each segment, the method of training clients in sanatoriums was conducted. First, analyze the research and validation factors and then analyze the clusters where the clients are divided into similar groups. It has been determined that overall customer satisfaction cannot be effectively measured because it varies in each market segment. Therefore, these three factors are different in each market segment(BOLSHAYA, 2019). Also, if the needs of the lifestyle market segments are radically different, sellers need to identify the market segment for the target. This type of research can help marketers make decisions about products and services and thus improve customer satisfaction.
There are different ways to segment in the market, with the following general approaches and they can be combined:
Demographic distribution, for instance age, income, and gender was widely used. This method is effective when demographics are extremely correlated with demand and demand. However, this association usually cannot be the case because two people with the equal demographic features may have different requirements and consequently show different purchasing behaviors. Psychological segregation is becoming more common because it reflects the people's lifestyles, attitudes, and desires (Masin, 2011). Psychological segmentation can be helpful in consolidation the brand image and building emotional ties with the brand, nonetheless it doesn’t necessarily lead to sales. The classification of behavior is based on the consumption of the product and may contain the frequency, quantity, and type of use of the product. For companies that have different types of membership with customers (e.g., through contracts for instance banks and telecommunications providers), this type of thesegmentation can be powerful. Here, companies can strictly follow consumer behavior. The disadvantage is that the company can usually follow the behavior of its products, but not the behavior of competitors. Classification based on needs and similar interests for anexact product or consumer environment. Demand-based segmentation can be segmentation that fits the concept of marketing, and the needs and requirements of customers(Welling, Árnason and Ólafsdóttir, 2020).
To increase a company's sales, the grouping needs to know the needs of the customers, including the needs that are insufficient or even offset. A brand society is a society formed by dependence on a product or trademark. Recent marketing developments and customer behavior research have led to a correlation between brand, personal identity, as well as culture. When explaining the concept of customer behaviour. The brand community is a professional and geographically limited...
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