Question Description
I’m working on a business project and need support to help me study.
Marketing Plan Semester Project
Marketing Plan Project Overview
Have fun with this project, be creative in the product you choose! This is where you will be identifying the product you plan to use in your Marketing Plan Project paper this semester. Think small here! By “think small” I mean you will have a company that creates a product you believe there many be a demand for by consumers. Do not use any major or existing labels (Nike, Chanel, Goodyear, Ford, Revlon, etc.) for your company. Your company can be Clarissa’s Chocolate Cookies, Ernie’s Earbuds, Amber’s Artistic Concrete, etc.) and you have this must have new product as one of your offerings. Thinking small means that Clarissa does not have a new line of chocolate cookies (there are many types of chocolate cookies) but instead one that tastes like sardines (YUK!) or Ernie’s made a new type of earbud that changes colors to match what you are wearing, rather than an entire line of earbuds. Get the idea?
Use the product to identify a Product-Market strategy. Consider and review in your paper the other three strategies and state why you chose the one you did. This will require additional research so do not just wait until Tuesday evening and then slap this paper together. Remember in addition to my APA feedback, I am looking for your product and approach to marketing it. In your research, do not use other students Prezi’s or student papers on Ansoff, Diversification Matrix, or other Marketing Plans.
Create a 10+ slide (plus title reference slide) Microsoft® PowerPoint® presentation with comprehensive detailed speakers notes (ask me if you do not know how to include with your PowerPoint document) or a Written paper of 7 to 14 pages (plus title and reference page) with proper APA formatting, that clearly identifies your marketing plan. Include at least FOUR outside academic resources besides the textbook.
Use the outline below and the material in appropriate textbook chapters to aid you in your plan creation. Note that each section below needs to contain depth of research and material for the highest point allocation considerations. Also thoroughly review the grading rubric to ensure you meet all of the technical deliverables (the list is extensive). Inclusion of each of the below deliverables will greatly enhance your project grade.
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- Company Description
- Business Mission
- Marketing Objective
- Situation Analysis
- Industry Analysis
- SWOT Analysis
- Marketing Strategy
- Target Market Strategy
- Marketing Mix
- Product
- Placement (Distribution)
- Promotion
- Price
- Implementation, Evaluation, and Control
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- Marketing Research
- Organizational Structure
- Implementation Timetable
- Summary
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At the conclusion of this project, you will have a good idea of how to develop a basic Marketing Plan regardless of the product or service you choose, typical resources to utilize, and confirm whether or not the target market is a viable one, and why. Do not try to accomplish a well-designed Marketing Plan in the last two weeks before the due date as high quality is the expectation and this project accounts for 15% of your course grade. Eat the elephant one bite at a time :-)! I look forward to reading your papers this is my favorite part of the course except for our discussions. I am posting this so early in the course so you can ask me questions. Let me repeat myself – do not wait and try to write this Plan in the final few weeks. You will have multiple assignments due in your other courses so do not add to your stress.
Suggested Final Project Timeline
You should budget your time wisely and work on your project throughout the course. As outlined below, a recommended timeline is provided to assist you in creating your final project. If you complete your course assignments and use the feedback provided by the instructor, you will be on the right track to successfully complete your project.
- Suggested in Week Six: Read the Marketing Plan Overview, Grading Rubric, and Timeline again (it is posted in an Announcement that was available on the first day of the course)!
- Suggested by Week Seven: Compile the data to complete items one through three on the list above. Choose format that is most comfortable for you to work with and produce an outstanding final product.
- Suggested by Week Eight & Nine: Complete your research for the Situation Analysis and write this portion of the project. Complete the Marketing Strategy development (CRITICAL COMPONENT!) and write a thorough strategy.
- Suggested by Week Ten: Complete the balance of the deliverables for your Marketing Plan.
- Suggested by Week Eleven and Twelve: Build template for your presentation and develop your detailed speaker notes to this point if a PowerPoint. Compose a rough draft of your research to date if a written paper submission.
- Suggested by Week Thirteen: Prepare paper for final submission but ensuring proper APA formatting, run through Grammar and Speller checker software tools.
- Week Fourteen: Submit as an attachment.
Rubric
Marketing Plan Rubric Spring 2021
Criteria | Ratings | Pts | ||||
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This criterion is linked to a Learning OutcomeContent / Development |
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100 pts |
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This criterion is linked to a Learning OutcomeReadability and Style |
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20 pts |
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This criterion is linked to a Learning OutcomeMechanics |
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30 pts |
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Total Points: 150 |