Title: MKT 571 Course Experience Tradition / mkt571edu.com
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- MKT 571 Final Exam Guide (New)
- 1. Which component of a marketing audit
includes major developments in income, prices,
savings, and credit that affect the company? - Technological
- Political
- Economic
- Cultural
- 1) Which of the following is most closely
associated with a proactive marketing
orientation? A. It involves delivering
superior value. B. It is about understanding
and meeting customers expressed needs. C.
It represents the make and sell" philosophy.
D. The marketer focuses on the customers
latent or hidden needs.
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- What have been the major marketing trends in the
last decade? - What new marketing trends do you anticipate in
the next 10 years?
- UOP has been the darling of Wall Street during
the last few years. They offer some of the
highest profit margins of any company in America
today. And UOP has had a fine record of growing
both revenue and profits. They are, by far, the
largest private university in the Country. - From a marketing standpoint what do you think UOP
is doing well? What areas do you think can be
improved?
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- MKT 571 Week 1 Individual Assignment Qualitative
Focus Group Research Discussion Guide (2 Papers)
- This Tutorial contains 2 Papers
- Select a local company and one of its products or
services. - Create a 1,400-word Discussion Guide for your
selected product or service to be used during the
course of a Focus Group that researches your
product or services target market
- This week we are reading about "branding".
- Here is a recent article on the subject.
- Comments please.
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- MKT 571 Week 2 Individual Assignment Segmentation
Techniques (2 Papers)
- We are entering a real crowded and mature market
with our CNN product. (Read class case
introduction). Here is a two part DQ. - 1. Describe the overall strategy we should adopt
to maximize our potential for success. - 2. In one sentence write your positioning
statement for the product
- This Tutorial contains 2 Papers
- Go to the Strategic Business Insights website.
- Take the VALS Survey. Have the results sent to
you by email. The results are sent in a
Microsoft Word document showing your primary and
secondary VALS segments. - Go to the Nielsen website.
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- MKT 571 Week 2 Team Assignment What Is A
Marketing Plan? (2 Papers)
- This Tutorial contains 2 Papers
- Develop a 1,050-word marketing plan discussion
which includes the following - Discuss what a marketing plan is and is not.
- Examine the elements that should be included in a
marketing plan. - Examine the importance of a marketing plan.
- What do you think are the most important
characteristics/attributes of successful sales
people? Discuss BTW Sales is part of the
marketing function.
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- MKT 571 Week 3 Individual Assignment Career
Connection Customer Relationships and
Satisfaction (2 Papers)
- You are working at Johnson Johnson and one of
your responsibilities is to set prices for new
drugs. The firm has invented a cure for Aids and
is protected by patent. The cost for the one time
injection that cures the disease is 100 and
includes amortization of the development cost
(The 1 billion cost to develop the product is
included in the 100) and the cost raw materials.
- This Tutorial contains 2 Papers
- You are a marketing manager for a local company
and you are developing a plan to improve customer
relationships and increase satisfaction. - Select one of the following types of local
companies - Florist
- Veterinarian
- Health/Natural Food Store
- Accounting/Tax Preparation
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- MKT 571 Week 3 Team Assignment New Product Launch
Marketing Plan, Part 1
- Create a 1,400-word Product Launch Plan in a
Microsoft Word document. The Product Launch plan
will be for two countries. Select your home
(domestic) market and another for the
international market. Do not select the U.S. and
Canada, the U.S. and Britain, or Canada and
Britain as your combinations.
- Let's assume that our overall objectives for the
ReCharge bar is to generate 300 million in year
1 sales and capture the 1 market share position
in the U. S market. Describe your Distribution
strategy to allow these lofty goals to be
accomplished.
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- MKT 571 Week 4 team Assignment New Product Launch
Marketing Plan, Part 2
- Let's assume that The Recharge Bar has been
wildly successful and we have achieved all our
major objectives in the U. S. market by the end
of year three. Should we consider expanding our
distribution globally? What are some of the major
factors that we need to be aware of and plan for?
In other words, what makes marketing on a global
basis more difficult than simply distributing our
product nationally? -
- Create a 1,400-word Market Segmentation Plan for
the New Product/Service Launch Marketing Plan.
Include the following for both the domestic and
international markets based on the team's
research - Describe the target market (audience) profiles,
key buying behaviors, and decision motivators for
the consumer target market.
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- MKT 571 Week 5 Career Connection Integrated
Marketing Communication and Marketing Mix
Client Pitch (Part 1 and Part 2)
- MKT 571 Week 5 Career Connection Integrated
Marketing Communication and Marketing Mix
Client Pitch (Part 1 Only) (2 PPT)
- Select a current product or service with which
you are familiar. This product will be used to
pitch a new integrated marketing communication
and marketing mix to a client who is the marketer
or producer of the product. - Review the current marketing mix including the
communication channels used.
- Select a current product or service with which
you are familiar. This product will be used to
pitch a new integrated marketing communication
and marketing mix to a client who is the marketer
or producer of the product. - Review the current marketing mix including the
communication channels used.
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- Let's assume our objective for ReCharge is to
deliver 300 million in first year sales and to
capture the 1 market share position in the
category by the end of our first full year of
operation. - (BTW. Setting marketing objectives prior to
developing strategy is real important) - What should our promotional budget be? Why?
- Instead you're going to get a chance to get your
creative juices going and to hopefully have some
fun doing it. - Each of you will demonstrate your creative
approach to the ReCharge Bar by developing a TV
commercial, radio spot or magazine ad. You don't
need to get fancy with the graphics.
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- MKT 571 Week 5 Team Assignment New Product Launch
Marketing Plan, Part 3
- MKT 571 Week 6 Team Assignment Career Connection
New Product Launch Marketing Plan Final Project
- Develop a 1,400-word Communication Plan including
the following - Discuss the marketing communication channels
available for the domestic and international
markets. - Evaluate the merits and drawbacks of the channel
options in relation to the target audience, your
product or service, and the timing of the launch
phase.
- Complete the final phase of your New Product
Launch Marketing Plan. Consider your product
launch to date, reflect on additional learning,
and incorporate feedback to the Learning Team's
Marketing Plan for your new product/service. Once
all previous weeks' sections and the remaining
parts of the Plan are compiled, it should be no
more than 3,500 words.
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