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MKT 421 MKT421

MKT 421 MKT421

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Tutorial

MKT/421

MARKETING
 
The Latest Version A+ Study Guide
 
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MKT 421 Entire Course Link
https://uopcourses.com/category/mkt-421/
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MKT 421 Week 1 Elevator Pitch

Create a 1 page elevator pitch that includes the following:

Summarize your background and what makes you unique (your competitive advantage/differentiation) in a one-paragraph elevator pitch.

Identify three to four companies for whom you want to work (your target market and how you can fulfill its needs/wants), and how you think your skill set will benefit them.

Format your assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
 
 

MKT 421 Week 2 Marketing Plan: Phase I Presentation

During this class, you will be creating a marketing plan as a team. Each marketing plan presentation will allow you and your learning to answer the questions that go into a complete marketing plan. For the marketing plan, you will create a new product or service for an existing or new organization. For this week, you will prepare a 10 minute/10 Slide presentation in which you answer the following questions:
 
1)     Provide an overview of the company that will introduce the new product (Global 2000, Mid Size, or Startup).
2)     Provide a description of your new product or service.
3)     Explain the importance of this product to your selected organization’s success. (revitalize current direction, maintain market leadership, or establish a new company)
4)     Create a SWOTT (Strengths, Weaknesses, Opportunities, Threats, and Trends) analysis for the new product or service and the company.
5)     Determine the marketing research approach you would use to develop the marketing strategy and tactics for this new product or service.

a)     What questions do you need answered? And how will you get them answered?

Be prepared to answer my and the classes questions (which should be used to refine the lessons learned paper). Also, make sure to rotate presentation duties among your learning team so that I can see each team member in action
 
 

MKT 421 Week 3 Marketing Plan: Phase II Presentation

Based on the product or service you select for your marketing plan, prepare a 10 minute/10 Slide presentation in which you answer the following questions:

Identify and describe your target market

Determine whether you can segment your market into customer groups having similar needs and wants

Identify the criteria that you will use to evaluate potential markets.

Describe the organizational buyers and/or consumers of your product or service

What factors that influence their purchasing decisions.

Discuss how these factors will impact your marketing strategy.

Analyze your current and projected competitors and define the competitive landscape for your product or service.

Be prepared to answer my and the classes questions (which should be used to refine the lessons learned paper)

Also make sure to rotate presentation duties so that I can see each team member in action

 
 

MKT 421 Week 4 Marketing Mix Paper

You are the newly minted Chief Marketing Officer (CMO) for Casco, a onetime Silicon Valley “High flyer”. Casco’s products historical have been sold to IT departments. However, as this market has matured, Casco’s growth has slowed and its stock price has sagged. In a back room, Casco’s management discovers a team working on a new class of set-top box that can allow Casco to become a significant consumers electronic company. Management sees this product as changing the way consumers interact with multimedia. The company’s board has backed this as the company’s new direction.

Your job as the Casco’s new CMO is to prepare a plan for the board of directors explaining the areas where the marketing mix will need to change to move from a corporate technology business to a consumer technology business.

What are the strategic issues and risks of making this change? Please use at least three different sources in your discussion of marketing mix changes requirements.

What are the changes to the marketing mix (product, place, price, and promotion) that you believe are necessary and their importance to the company’s new business strategy.

Please be concrete in the changes that you determine are necessary. Please do not say the product will change. Instead say, for example, that warranties are important to consumers so they will need to create a warranty policy. One last thing please do not focus time on creating additional details about the physical product.

Your 3 to 4 page paper should answer all of these questions.

 
 

MKT 421 Week 4 Marketing Plan: Phase III Presentation

Based on the product or service you select for your marketing plan, prepare a 10 minute/10 Slide presentation in which you answer the following questions:

Describe the detailed attributes of your product or service

Describe where your product and its competitors are in the product life cycle as well as the factors that will impact your product’s movement through the product lifecycle. (Clue: you can’t have a product enter a mature market unless it is high differentiated. And generally, a company and the market are at the same stage of the lifecycle unless the product is totally disruptive for the existing market).

Describe how does the product life cycle impact the marketing of your selected product or service in terms of differentiation and pricing power?

Identify the positioning and differentiation strategies for your product/service.

Identify the appropriate pricing strategy that should be used for the product or service. (clue, if you are doing a store of some kind your menu is your price list)

Be prepared to answer my and the classes questions (which should be used to refine the lessons learned paper)

Also make sure to rotate presentation duties so that I can see each team member in action

 
 

MKT 421 Week 5 Marketing Plan: Final Presentation

Based on the product or service you select for your final marketing plan, prepare a 10 minute/10 Slide presentation in which you answer the following questions:

Identify the appropriate place and promotional strategy that should be used in the development of the strategic marketing plan.

Identify public relations opportunities for the product/service

Develop an initial sales promotion schedule of activities

Create an advertising plan

Analyze the impact of channel management decisions on the marketing your selected product or service

Select distribution channels for your product or service and address costs in terms of placement, shipping, and middlemen

Develop a budget for your marketing plan.

Identify quantifiable elements that can be used to evaluate, monitor, and control the effectiveness of your marketing plan

Be prepared to answer my and the classes questions. Also make sure to rotate presentation duties so that I can see each team member in action

Write a 3-5 page paper in which you discuss your key list of lessons learned from your marketing plan process.
What key things did you learn about marketing by doing the marketing plan? What key take-aways did you have from weekly reviews of your plan? What things would you change in your marketing plan looking back at the process? Did the class and the plan change your view of marketing in any ways?