Principles of Marketing essay

Rules of Advertising High quality Assurance Report Inner approval: Celosia Mendez Project Temporary Educational 12 months 2021-22 Module Code and Title: MG412 Rules of Advertising Module Chief: Module Tutor: Abid Taufique Project No. and Sort: CW2 Group Activity: 10 minutes group presentation and co-authored 1000 phrase report. Evaluation Weighting: 50% Submission Date: Presentation: In school week commencing: Report: seventh January 2022 by 2pm by way of Turnitin. Goal Suggestions Date: 2 Weeks from Deadline. Project Activity Working in small groups to develop a 10 minute group presentation for a model extension, you'll then have to submit a bunch co-authored 1000 phrase report explaining the brand new model extension. This project has been designed to give you a possibility to exhibit your achievement of the next module studying outcomes: LO 2 Show data of STP advertising and marketing planning course of LO three Establish the important thing parts of the advertising and marketing setting. LO four Establish analysis necessities to start to resolve a enterprise/advertising and marketing drawback in an organization Activity necessities You now want to pick out an present model (chances are you'll select one of many manufacturers from the CWK1 project or a model of your individual desire) and develop an thought for a brand new model extension e.g. Dove toothpaste. That is partly a inventive train, however it have to be primarily based on thorough analysis into: 1. The present values of the model being prolonged 2. The potential goal marketplace for the model extension. This can contain educational analysis, secondary analysis and competitor analysis in retailer. It could additionally contain small scale major analysis to ascertain whether or not your new model extension finds acceptance along with your chosen goal market. Nonetheless, for this project, marks will probably be awarded for the outcomes of the first analysis, not a full description of the method of carrying it out. Conducting the Analysis 1. Educational Studying You must guarantee that you've learn, on the very least, chapters 6, 9 and 10 in Brassington and Pettitt’s “Necessities of Advertising” and the BB supply supplies obtainable on Kapferer’s Model Id Prism. Additionally use WARC to seek out articles on (or associated to) the subject of brand name extensions – for instance • WARC June 2016 :The right way to prolong a model • WARC Information 23 January 2013 “Model extensions favoured by buyers” • WARC Case Research :John Lewis Insurance coverage: The facility of true model extension advertising and marketing, IPA Effectiveness Awards, 2016 • D. Aaker (1990) Model Extensions: The Good, the Unhealthy and the Ugly 2. Secondary Analysis You'll need to make reference to acceptable Mintel reviews in addition to the corporate’s web site and press articles concerning the present manufacturers. You must also attempt to discover details about the model’s values and present goal market. Moreover you have to to analysis present points in the advertising and marketing setting (PESTEL evaluation) that doubtlessly may affect in your new product introduction. three. Competitor Analysis You'll need to have a look at the present merchandise within the new urged market to make sure that your new model may compete successfully (e.g. with Dove toothpaste you have to to contemplate Colgate and Aqua contemporary) 10 minute Presentation A 10-minute PowerPoint presentation with an extra 5 minute Q &A session. The presentation must cowl the next factors • Background on the chosen model embody helpful knowledge corresponding to market share, market measurement and traits in gross sales. • Protection of the present model values supported with use of visible examples.eg promoting campaigns, firm’s site, sponsorship actions and so on. • A quick rationalization of the brand new product close to what development technique the model is adopting. (Ansoff). • Clear identification of the proposed goal marketplace for the brand new model extension ( embody any major knowledge outcomes if undertaken) • Any key traits and PESTEL points which have influenced your selection of brand name extension thought. • A comparative evaluation of your urged model extension with any key competitors recognized in the brand new market sector. • A Visible Picture of the Model Extension displaying model identify, packaging design and emblem. You additionally want to contemplate how your model extension will probably be distinct from competing merchandise. Writing the Report The report is a supporting doc to the supplies offered above and it's good to embody a sound educational framework to the dialogue. We advise that you just adhere to the next headings in your reviews: Government Abstract THIS IS WRITTEN LAST (as a result of it's a abstract of your analysis) BUT IT APPEARS FIRST (even earlier than the contents web page), so as to be a magnet for the reader and encourage them to learn additional. It ought to cowl in a single web page or much less: • The goals of the report, • The strategies of analysis, • The outcomes (top-line abstract solely) • Conclusions Contents Web page (Use the characteristic in Phrase to do that robotically) Introduction This needs to be fairly transient. It ought to embody the goals of the report and a few background on the chosen model. Embody helpful knowledge corresponding to market share, market measurement and traits in gross sales, which you could find from the newest Mintel reviews and within the commerce press Methodology A easy assertion of how the analysis was carried out. That is notably vital when it comes to competitor analysis, observational analysis, or major analysis should you included it. Ideally you need to critique whether or not your knowledge is adequate to justify your conclusions. Findings It's urged that you just use sub-headings to make your report simpler to comply with. You could possibly undertake the following headings: • Present model and Model Values -coverage to incorporate key educational definitions explaining what is a model, the idea of a model extension and an in depth examination of 1 educational mannequin on branding. (i.e. Kapferer’s Model Id Prism). • Description of the Goal Market – an in depth description of the TA for the brand new model extension supported by reference to secondary sources e.g. Mintel and TGI supported by educational protection of STP advertising and marketing planning course of. • Evaluation of the New Market, Together with Tendencies – PESTLE evaluation and Ansoff’s Grid • An Rationalization of the New Product (Tauber’s Model Extension Choices, product packaging, the selection of a model identify and model positioning) • Competitors – a comparative evaluation of your urged model extension with any competitors recognized within the new market sector (this needs to be tabulated) You must attempt to put related uncooked knowledge within the appendices and simply embody a abstract within the physique of the report. Each time you state a truth e.g. market measurement, worth knowledge, gross sales and so on. it's essential to present a referenced supply for that truth (each within the textual content and within the reference checklist). All tables and graphs ought to have the supply written immediately beneath. Conclusions That is the place you present some aspect of analysis of your analysis findings. Do you suppose your model extension will probably be profitable? Why/Why not? Reference Record This needs to be listed alphabetically by Surname and will comply with the principles of Harvard Referencing completely Appendices Use the appendices to show any uncooked analysis knowledge, corresponding to pricing knowledge. A bunch log of particular person contribution to the duty should even be included. Fashion Points • You could not write in first individual – utilizing I, me or my. • Your report needs to be written in a proper business-like method. You could embody tables and images within the physique of the report, however they have to all embody the supply (under and to the proper) and title (to the left and above). Referencing and analysis necessities Please reference your work in accordance with the Harvard model as outlined in Cite Them Proper On-line (http://www.citethemrightonline.com). This info can also be obtainable in e-book type: Pears, R. and Shields, G. (2016) Cite them proper: the important reference information. 10th edn. Basingstoke: Palgrave Macmillan. Copies can be found by way of the college library. How your work will probably be assessed Your work will probably be assessed on the extent to which it demonstrates your achievement of the acknowledged studying outcomes for this project (see above) and towards different key standards, as outlined within the College’s institutional grading descriptors. Whether it is acceptable to the format of your project and your topic space, a proportion of your marks may also depend on your use of educational referencing conventions. This project will probably be marked in accordance with the grading descriptors for Degree four with particular steering on mark allocation under. Half A :Presentation Weighted 30% Background on the chosen model together with protection of present model values.20% Protection of market traits together with key PESTEL points 20% Rationalization of the brand new product, proposed goal market and key competitors. 20% A Visible Picture of the Model Extension 10% Presentation Expertise (Creativity of photographs used, fluency with the fabric offered and timing) 30% Half B: Report Weighted 70% Analysis Expertise 20% You must exhibit that you've spent at the very least a month engaged on this report. To do that, you want to offer proof within the written textual content and in your reference checklist that you've engaged in analysis within the type of educational texts and secondary sources, corresponding to Mintel, Commerce and Nationwide Press and articles on WARC. We will probably be on the lookout for greater than 10 references from quite a lot of sources in your reference checklist. If all that's talked about within the reference checklist is web site hyperlinks and firm web sites, you'll lose marks. Advertising Information 30% You'll need to exhibit full data of a spread of selling ideas together with: STP advertising and marketing, profiling goal audiences, branding, and model extension methods. This information must be supported by way of educational references and utilized in full. You additionally want a proof, close to educational textual content, of key fashions coated on the module together with Kapferer’s Model Id Prism (in discussing the present model being prolonged from) and Ansoff’s Grid and Tauber’s Model Extension Choices (in discussing the brand new model being prolonged to). Moreover a visible displaying the appliance of Kapferer’s mannequin to the model to exhibit your understanding can also be required. Evaluation 20% You want to have the ability to exhibit that this model extension will probably be profitable. Marks for evaluation will be given in your: • New Market traits/PESTLE Evaluation 10% • Competitor Evaluation (embody in a tabulated format) 10% Literacy Expertise 10% Please keep in mind the LDU’s recommendation relating to educational writing i.e. it have to be goal, impersonal, concise, correct and evidence-based. Referencing 10% We anticipate you to use the principles of Harvard Referencing in full each within the textual content and within the Reference Record on the finish of the report. Group Work 10% • As it is a group project it's good to submit a bunch log displaying intimately who did what for each the presentation and report writing phases. • We are going to use the group log to determine inequalities in contribution and allocate particular person grades if required. Submission particulars • This project needs to be submitted electronically. Please use the related Turnitin submission level within the Submit your work space in your Blackboard module shell. • Please make sure that your work has been saved in an acceptable file format. Turnitin will solely settle for the next file varieties: Microsoft Phrase, Excel or PowerPoint, PostScript, PDF, HTML, RTF, OpenOffice (ODT), Hangul (HWP), Google Docs, or plain textual content. Your file should additionally include at least 20 phrases of textual content, include fewer than 400 pages and be lower than 40MB in measurement. • You possibly can submit your work as many instances as you want earlier than the submission date. If you happen to do submit your work greater than as soon as, your earlier submission will probably be changed by the newest model. • After getting submitted your work, you'll obtain a digital receipt as proof of submission, which will probably be despatched to your forwarded e-mail handle (offered you may have set this up). Please hold this receipt for future reference, together with the unique digital copy of your project. • You might be reminded of the College’s rules on educational misconduct, which will be seen on the College web site: https://bucks.ac.uk/__data/belongings/pdf_file/0024/9546/Educational Misconduct-Coverage.pdf. In submitting your project, you might be acknowledging that you've learn and understood these rules. Submission date and time The presentation will probably be at school week commencing: The report needs to be submitted earlier than 14:00 UK time on Friday 22nd January 2021 by way of Turnitin. Work that's submitted as much as 10 working days past the submission date will probably be accepted as a late submission. Late submissions will probably be marked and the precise mark recorded, however will probably be capped on the cross mark (usually 40%), offered that the work is of a passing normal. Work submitted after this interval won't be marked and will probably be handled as a non-submission. • The group log have to be included in your appendixes Use and modify the next desk construction for the group log: Date College students Attending Points Actions
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