Marketing Plan for a Company or Product/Service
Your final portfolio for the class will be to create a marketing plan for an existing company and product/service of your choice. If you are choosing a large global company, you MUST create a new product. However, this new product may be an upgrade of an existing product. You will need to select a company that you have not used for your other assignments in the class. Your plan information should address all areas covered in this course for a marketing plan. The library’s page on Company Research can help you get started. The library database Gale Virtual Reference Library has a number of Business books to help identify a target market.
Use the marketing plan that is a required reading for this module for your final portfolio project, as a broad guide. The marketing plan document is essential to business strategy and is a focal point of this introductory class. The essential information of a marketing plan is outlined in this document and will serve as the blueprint for your portfolio project due this week.
Below is the outline to be followed for this assignment:
Executive Summary: This provides everything a busy executive needs to know to invest (or not) in your proposal. It captures your key proposal and recommendations/decision factors, and projected outcomes of the plan’s recommendations. Note this is not an introduction to the marketing plan. Typically, this is written after the entire marketing plan has been compiled. (1/2 page)
Company Overview (1/2 page)
Situational Analysis (includes a SWOT analysis): Identify at least two significant factors for each of the 4 SWOT components. Identify applicable trends that are statistically supported.
Competitive Analysis: Create a comparative chart and discuss key aspects. (1-2 pages)
Identify Objectives or Goals: Briefly describe your proposal… describe what’s new and why. What is the opportunity to be addressed or the problem to be solved? (1/2 page)
STDP Segmentation: Define and explain why this is needed; explain the segmentation approach (such as the use of demographics) and name market segments. Targeting: Define and explain why this is needed and estimate the size your target market. (1 page)
Marketing Strategy and Positioning: Explain and support your marketing mix component decisions (4Ps), using academic concepts and academic reference sources. Discuss whether your company has a competitive advantage in each section of the marketing mix (4Ps).
Positioning: What do you want your customer to think of when regarding your brand, product, proposed product? Take an analytical approach to this section. Create at least one perceptual map (as applied to differentiation or positioning). (1 page)
How will Marketing Research be used to support the planning, implementation, and monitoring process? What research methodologies will be used? Add a sub-section on ethical and/or legal factors, plus a CSR (corporate social responsibility) strategy summary. (1 page)
Financial Projections: Present a summary spreadsheet. For example: years 1, 2 and 3 units sold, sales volumes. Estimate marketing expenses for promotions/advertising. What is the projected timeline of the product life cycle’s introduction and growth stage? (1 page maximum)
Implementation Plan: Identify specific tactics and steps that will be taken (primarily focused on distribution, marketing communications, promotion, PR, for example). Create a chart depicting your advertising/promotion plan with actions, time frame, media choice, for example. Include a Marketing Plan.
Technology sub-section: How will marketing technology be used throughout the marketing process: marketing research, communications, promotions, monitoring, for example? (1 page)
Evaluation and Control Metrics: How will you monitor progress of outcomes in your plan? How will you define and measure success? Connect these to your objectives and goals. (1/2-1 page)
Conclusion (1 paragraph)
The following are requirements for your portfolio project:
8-10 Word pages in the body of the paper. Estimated page counts are listed above in each section.
Use APA format! Do not enumerate the sections—use regular APA heading format and please use plenty of headings and sub-headings according to CSU-Global Guide to Writing and APA Requirements. Develop full paragraphs and full sentences.
Apply marketing models, theory, terminology, and concepts throughout the plan.
A minimum of 6 references (in addition to course materials like the textbook or articles). At least 2 of these being peer-reviewed articles. The CSU-Global Library is a good place to search for credible, scholarly sources.
READ THE PORTFOLIO PROJECT RUBRIC IN DETAIL (pre-loaded into the course website). Note that there are additional aspects that need to be addressed, such as applying critical thinking.
MKG310: Portfolio Project Rubric
Content, Research, and Analysis
Demonstrates strong or adequate knowledge in creating a marketing plan for a company product/service OR demonstrates adequate knowledge creating a marketing plan for an existing company.
Some significant but not major errors or omissions in demonstration of knowledge and conclusion.
Major errors or omissions in demonstration of knowledge and conclusion.
Fails to demonstrate knowledge of the materials and makes a weak or absent conclusion.
The portfolio includes all of the required components, as specified in the assignment.
The Portfolio includes most of the required components, as specified in the assignment.
The Portfolio includes some of the required components, as specified in the assignment.
The Portfolio includes few of the required components, as specified in the assignment.
Provides thought, insight and analysis of marketing models, theory, terminology, and concepts throughout the plan.
Small number of significant but not majors flaws in thought, insight and analysis.
Significant number of minor and major flaws in thought, insight and analysis.
Provides little to no thought, insight and analysis of concepts and applications.
Cites and integrates a minimum of 6 references (in addition to course materials like the textbook or articles) AND at least two of these being peer-reviewed articles.
Cites and integrates 5 credible sources (in addition to course materials like the textbook or articles) AND at least two of these being peer-reviewed articles.
Cites and integrates 4 credible sources (in addition to course materials like the textbook or articles) AND at least two of these being peer- reviewed articles.
Cites and integrates 3 credible sources (in addition to course materials like the textbook or articles) AND at least two of these being peer- reviewed articles.
Application of Source Material
Sources well or adequately chosen to provide substance and perspectives on the issue; knowledge from the course linked properly to source material.
Some significant but not major problems with selection and linkage of sources.
Major problems with selection and linkage of sources.
Source selection is seriously flawed; no linkage to knowledge from the course.
Mechanics and Writing
Project is clearly organized, well written, and in proper essay format including an introduction, body, and conclusion. Conforms to project requirements.
Small number of significant but not major flaws in organization and writing; is in proper essay format. In a minor way does not conform to project requirements.
Major problems in organization and writing; does not completely follow proper essay format. In a significant way does not conform to project requirements.
Project is not well organized or well written and is not in proper essay format. Does not conform to project requirements.
MKG310: Portfolio Project Rubric
Grammar and Style
Strong sentence and paragraph structure; few or no minor errors in grammar and spelling; appropriate writing style; clear and concise with no unsupported comments.
Small number of significant but not major errors in grammar and spelling; generally appropriate writing.
Inconsistent to inadequate sentence and paragraph development; work needed on grammar and spelling; does not meet program expectations.
Poor quality; unacceptable in terms of grammar and/or spelling; inappropriate writing style that interferes with clarity.
Demonstrates proper use of APA style.
Project contains proper APA formatting, according to the CSU-Global Guide to Writing and APA Requirements, with no more than one significant error.
Few errors in APA formatting, according to the CSU-Global Guide to Writing and APA Requirements, with no more than two to three significant errors.
Significant errors in APA formatting, according to the CSU-Global Guide to Writing and APA Requirements, with four to five significant errors.
Numerous errors in APA formatting, according to the CSU- Global Guide to Writing and APA Requirements, with more than five significant errors.
Total points possible = 310
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