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Question:
Designing and managing integrated marketing communication
This assignment requires your group to undertake the process of analysing one product/service and its operating environments from a marketing perspective.
An effective way to help students learn about marketing management is through the actual creation of a marketing plan for a product or service. This project is designed to accomplish such a task.
Requirement:
The report analysis:
-Competitive information
-Environmental scanning.
-Demand forecasted
-Specific market segmentation, targeting, and positioning statements
-Product or services brand positioning
-Who are the market leaders for their chosen product or service? What niche have they identified for their product/service? Is their product or service going to be a leader, follower, or challenger to well-established products or brands?
-Consumer-adoption process for their new product. How will the consumer learn about their new product and how quickly will they adopt it? Will the product be targeted to the heavy users and early adopters first, then early and late majorities? What is their estimated time for full adoption?
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