Assessment Information COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 This material has been reproduced and communicated to you by or on behalf of Kaplan Business School pursuant to Part VB of...

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The company i choose is Smiggle.


Assessment Information COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 This material has been reproduced and communicated to you by or on behalf of Kaplan Business School pursuant to Part VB of the Copyright Act 1968 (‘Act’). The material in this communication may be subject to copyright under the Act. Any further reproduction or communication of this material by you may be the subject of copyright protection under the Act. Kaplan Business School is a part of Kaplan Inc., a leading global provider of educational services. Kaplan Business School Pty Ltd ABN 86 098 181 947 is a registered higher education provider CRICOS Provider Code 02426B. Assessment 2 Information Subject Code: MKT304 Subject Name: Strategic Marketing Assessment Title: Strategic Marketing Plan Assessment Type: Length: Individual Written Report 2000 words (-/+ 10% allowable range) Weighting: 40% Total Marks: Submission: 100 Online Due Date: Week 10 Your task Individually, you are required to create a 2000 words strategic marketing plan building on your recommendations using the allocated business or not-for-profit organisation from assessment one. Assessment Description The purpose of this individual assessment is to provide students with an opportunity to use marketing concepts to analyse and evaluate external and internal environments so you can formulate and appraise marketing strategies in a range of contexts and construct, evaluate and communicate a strategic marketing plan. Assessment Instructions Individually, you are required to write a 2000 word marketing plan that looks at all elements of the marketing mix and explores the positioning of your brand relative to current and potential competitors in the market. In preparing your marketing plan, you are required to adhere to a specific structure that addresses the following: • Introduction o A brief overview of the brand and recommendations from the audit. o Outline of what will be covered in the report. • Competitor Analysis o Identify at least five direct and indirect competitors, as well as other forms of competition. o Discuss the strengths and weaknesses of these competitors. • SWOT Analysis o Undertake and explore a SWOT analysis of your brand. o Expand and discuss the opportunities and threats that exist for this brand. Assessment Information COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 This material has been reproduced and communicated to you by or on behalf of Kaplan Business School pursuant to Part VB of the Copyright Act 1968 (‘Act’). The material in this communication may be subject to copyright under the Act. Any further reproduction or communication of this material by you may be the subject of copyright protection under the Act. Kaplan Business School is a part of Kaplan Inc., a leading global provider of educational services. Kaplan Business School Pty Ltd ABN 86 098 181 947 is a registered higher education provider CRICOS Provider Code 02426B. • Marketing Strategy o Use the Ansoff Matrix and Porters Generic Strategies to discuss suitable strategies for your chosen brand. • Targeting and Positioning o Identify the desired target markets for this brand and explain your choice. o Discuss and justify the desired positioning of your brand within this market. • Marketing Objectives (SMART) o Discussion on suitable marketing objectives for your chosen brand. o Explanation as to how your marketing plan will achieve these objectives. • Conclusion o Reinforce how the objectives of each IMC tool will achieve the campaign outcomes you have identified. • References (in Kaplan Harvard Referencing Style) • Appendix (examples of the marketing mix you explored during your research) You are required to use at least 8 sources of information and reference these in accordance with Kaplan Harvard Referencing Style. These may include websites, government publications, industry reports, census data, journal articles, and newspaper articles. These references should be presented as in-text citations and a reference list at the end of your report. Assessment Information COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 This material has been reproduced and communicated to you by or on behalf of Kaplan Business School pursuant to Part VB of the Copyright Act 1968 (‘Act’). The material in this communication may be subject to copyright under the Act. Any further reproduction or communication of this material by you may be the subject of copyright protection under the Act. Kaplan Business School is a part of Kaplan Inc., a leading global provider of educational services. Kaplan Business School Pty Ltd ABN 86 098 181 947 is a registered higher education provider CRICOS Provider Code 02426B. Assessment Submission This assessment must be submitted as a ‘Word’ file to avoid any technical issues that may occur from incorrect file format upload. Uploaded files with a virus will not be considered as a legitimate submission. Turnitin will notify you if there is an issue with the submitted file. In this case, you must contact your workshop facilitator via email and provide a brief description of the issue and a screenshot of the Turnitin error message. You are also encouraged to submit your work well in advance of the deadline to avoid any possible delay with the Turnitin similarity report or any other technical difficulties. Late assignment submission penalties Penalties will be imposed on late assignment submissions in accordance with Kaplan Business School “late assignment submission penalties” policy. Number of days Penalty 1* - 9 days 5% per day for each calendar day late deducted from the total marks available 10 - 14 days 50% deducted from the total marks available. After 14 days Assignments that are submitted more than 14 calendar days after the due date will not be accepted, and the student will receive a mark of zero for the assignment(s). Note Notwithstanding the above penalty rules, assignments will also be given a mark of zero if they are submitted after assignments have been returned to students *Assignments submitted at any stage within the first 24 hours after the deadline will be considered to be one day late and therefore subject to the associated penalty For more information, please read the full policy via https://www.kbs.edu.au/about-us/school-policies https://www.kbs.edu.au/about-us/school-policies Assessment Information COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 This material has been reproduced and communicated to you by or on behalf of Kaplan Business School pursuant to Part VB of the Copyright Act 1968 (‘Act’). The material in this communication may be subject to copyright under the Act. Any further reproduction or communication of this material by you may be the subject of copyright protection under the Act. Kaplan Business School is a part of Kaplan Inc., a leading global provider of educational services. Kaplan Business School Pty Ltd ABN 86 098 181 947 is a registered higher education provider CRICOS Provider Code 02426B. Important Study Information Academic Integrity Policy KBS values academic integrity. All students must understand the meaning and consequences of cheating, plagiarism and other academic offences under the Academic Integrity and Conduct Policy. What is academic integrity and misconduct? What are the penalties for academic misconduct? What are the late penalties? How can I appeal my grade? Click here for answers to these questions: http://www.kbs.edu.au/current-students/student-policies/. Word Limits for Written Assessments Submissions that exceed the word or time limit by more than 10% will cease to be marked from the point at which that limit is exceeded. Study Assistance Students may seek study assistance from their local Academic Learning Advisor or refer to the resources on the MyKBS Academic Success Centre page. Click here for this information. http://www.kbs.edu.au/current-students/student-policies/ https://elearning.kbs.edu.au/course/view.php?id=1481 COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 This material has been reproduced and communicated to you by or on behalf of Kaplan Business School pursuant to Part VB of the Copyright Act 1968 (‘Act’). The material in this communication may be subject to copyright under the Act. Any further reproduction or communication of this material by you may be the subject of copyright protection under the Act. Kaplan Business School is a part of Kaplan Inc., a leading global provider of educational services. Kaplan Business School Pty Ltd ABN 86 098 181 947 is a registered higher education provider CRICOS Provider Code 02426B. MKT304 Assessment 2 Marking Rubric – Strategic Marketing Plan 40% Marking Criteria (__/100) F (Fail) 0-49% P (Pass) 50-64% C (Credit) 65-74% D (Distinction) 75-84% HD (High Distinction) 85-100% Objectives __/10 marks You have failed to provide marketing objectives, or they were not relevant to the brand. You have provided objectives that partially SMART and require further linkages to your marketing plan. You have provided SMART objectives that require further linkages to your marketing plan. You have provided SMART objectives that are detailed and linked to your marketing plan. You have provided SMART objectives that are well-detailed and clearly linked to your marketing plan. Competitor research __/15 marks You have identified wrong competitors and did not adequately discuss how they adapt to the cultural values of the chosen country. You have identified a limited number of competitors or did not adequately discuss how they adapt to the cultural values of the chosen country. You have identified all of the competitors and provided an adequate discussion on how they adapt to the cultural values of the chosen country. You have identified all of the competitors and provided a detailed discussion on how they adapt to the cultural values of the chosen country. You have identified all of the competitors and provided a comprehensive discussion on how they adapt to the cultural values of the chosen country. SWOT Analysis __/15 marks You have provided SWOT analysis that does not identify the strengths, weaknesses, opportunities and threats of your chosen brand well or the SWOT analysis is absent. You have provided a basic SWOT analysis that partially identifies the strengths, weaknesses, opportunities and threats of your chosen brand, although further detailed analysis is needed. You have provided a clear SWOT analysis that identifies the strengths, weaknesses, opportunities and threats of your chosen brand, although further detail is needed. You have provided a detailed
Answered Same DaySep 16, 2021MKT304

Answer To: Assessment Information COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 This material has been...

Kuldeep answered on Sep 16 2021
154 Votes
Strategic marketing
Contents
Introduction    3
Overview    3
Competitor Analysis    4
Strengths and weaknesses of these competitors    4
SWOT Analysis    5
Opportunities and threats that exist for this brand    6
Marketing Strategy    7
Targeting and Positioning    8
Positioning    9
Marketing Objectives (SMART)    9
Marketing plan will achieve these objectives    10
Conclusion    11
Each IMC tool will achieve the campaign outcomes    11
Recommendations    12
References    13
Introduction
Smiggle is an Australian international stationery company founded in 2003. The company offers customers a range of
unique stationery and colour products that offer market alternatives and distinctive products (smiggle.com.au, 2012). To continue selling their products and making a profit, Smiggle needs to be involved in the marketing process in order to focus on their products and generate sales. This makes marketing an important tool for business. Acting as a customer’s voice marketer can allow companies to understand the needs of the market. In this way, marketing is significantly related to customer value because the organization needs to find a sense of needs or expectations within the customer.
Overview
Smiggle is an Australian international stationery company founded in 2003. The company offers customers a range of unique stationery and colour products that offer market alternatives and distinctive products. To continue selling their products and making a profit, Smiggle needs to be involved in the marketing process in order to focus on their products and generate sales. This makes marketing an important tool for business. Acting as a customer’s voice marketer can allow companies to understand the needs of the market. In this way, marketing is fully dependent on the value of the customers because the organization needs to find a sense of need or desire within the customer and then if they want to continue their business, they need to create products that meet the demand (Wood, 2018).
Report overview
Australia is an international region that is open to all foreign investors; these countries promise lower tax costs and fewer barriers to entry. Sydney and Melbourne both places are selected because they are the most populous centers in Australia. In addition, the attitude of Australians towards fashion, well-designed and creative things is not in line with the culture of our company. The Smiggle brand is positioned as a colorful stationery fashion brand and its products are positioned with high quality and high prices. It differs through design in that it is a unique way of life that combines education and entertainment (level, 2020).
Smiggle plan to have sales of more than $ 1 billion by the end of 2020. Smiggle expect to open about 26 to 36 stores in 3 stores in the coming years, with a market part of more than 16%. Smiggle adopt different marketing policies to achieve market goals. Smiggle products are first exported from Australia to ensure the same quality with Australia. A monitoring system will also be introduced to achieve the process of the marketing goals.
Competitor Analysis
Top 5 competitors
1. The Dandelion Patch
2. Ecojot
3. Saahas Zero Waste
4. Idea Chic Companies
5. Lunchboxes.com
In the last five years, fierce external competition has threatened the stationery retail industry. More and more retailers outside the industry are selling stationery, including online retailers, making it difficult for the industry to survive in the long run (The Just Group, 2020). As consumers and businesses connect more and more through the Internet, Australia is moving toward a digital economy, further limiting the sector's growth. The stationery panel industry is expected to decline further over the next five years. As online communication becomes more popular, the demand for pen and paper is expected to decrease (wood, 2018). It is expected that in this period of intense competition will lead to a decrease in the profitability of the industry. Increased competition can also lead to the disappearance of small independent players. Many small independent stores cannot compete with the larger national chains and central youth stores or advanced fashion stationery stores that offer fashion products (wood, 2018).
Strengths and weaknesses of these competitors
Strengths:
1. Extensive network
2. International brand
3. Network capacity
4. Strong brand name
5. Good coverage
6. Speed
Weaknesses:
1. Less known in the culture
2. Foreign brand
3. Rising prices
4. High tax rates
5. Competition
SWOT Analysis
    Strength
    1. Smiggle has the unique advantage of brand ownership
2. Compared to competitors, the Smiggle design is more colorful, creative and fashionable (Alfanda and Suhartanti, 2018).
3. Reasonable price and high quality
4. People use Smiggle as a pioneer of well-designed stationery for teenagers
5. Continue to introduce new products to the market
    Weakness
    1. All of the products are not recyclable, which is not environmentally friendly enough
2. The costs of creating new products increase the expenses
3. Kids’ partialities towards the stationery keep changing(wood, 2018)
    Opportunities
    1. The stationery market is still growing
2. As a pioneer, Smiggle will spread to Australia, which will bring more benefits than its successors.
3. Make a strong impression on the customers, which can lead to brand loyalty (Campbell, 2019).
    Threats
    1. Pay attention to the tendency to protect the environment
2. With the development of technology and the popularity of laptops and notebooks, students might allow taking homework also take online exams instead of writing on paper (Alfanda and Suhartanti, 2018).
Opportunities and threats that exist for this brand
Opportunities
As a pioneer of stationery companies that...
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