Individuals Extensive Essay Assignment | Online Assignment

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June 15, 2020
Triple Entry Journal Assignment | Online Assignment
June 15, 2020

INFORMATION ON PROJECT TYPE: INDIVIDUAL (NOT GROUP) DUE DATE Listed on Titanium. Please submit your work on Titanium before the deadline QUALITY OF WORK: YOU MUST MAKE A SERIOUS EFFORT AND EXPLAIN IN DETAIL YOUR THOUGHT PROCESS AND REASONING, BACKED UP BY SEARCH RESULTS AND FACTS. DO NOT TURN IN A PAPER THAT ONLY DISCUSSES EACH TOPIC WITH A SINGLE SENTENCE OR TWO. THIS IS A GOLDEN OPPORTUNITY TO POSITIVELY AFFECT YOUR GRADE. PROJECT SPECIFICS: – Choose a product, service, or business in the industry of your choice. Make sure that there are at least one other similar (but with different target audiences) product, service, or business in the same industry, so that you can compare the two. Examples: Theme Parks featuring Disneyland, Knotts Berry Farm, and Six Flags Magic Mountain, or magazines like Cat Fancy, Fortune, and Seventeen, or car models like a Tercel, a Ford F-150, and a Maserati, or food places like a Soup Kitchen, Denny’s and Ruth’s Chris Steakhouse. Make up your own two. – Keep it under 20 pages. There are 7 questions on the topics you have chosen and 3 random unrelated ones in green – Double spaced – No citation page required but if you refer to a webpage, reference it in the footnote – No table of contents (just answer all questions in the order asked ). Answer to questions # 1, # 2, # 3, and # 4, should be about two to three pages each. The other nine questions should equal the other half of the paper. – Discuss, in as much detail as necessary, the following topics: 1. Describe all of the segmentation variables that your two choices used to target their customers. How are they different from each other ? (Geographic, Demographic, Psychographic, and Benefits Sought). A chart that supplements your discussion is necessary. This will be a long answer. 2. Discuss the Marketing Mix for all three products. (Four P’s) . Compare all three in detail …Make a chart of the four P’s. I expect this section to be quite extensive (Long discussion and chart ). 3. Visit the web sites for all two competitors. Give a synopsis of your findings and thoughts. Are they user-friendly sites? Do they provide needed information? Are they interactive? Do they offer coupons, locations, or directions, if applicable? Tell me as though I am blind. This should be pretty detailed. 4. How have each of the two competitors positioned themselves in the market- place? In your opinion, have they done a good job? If not, why not? Do you feel that the target consumers see the company properly (as the company expects)? Run small qualitative studies such as quick interviews from people around you to find out and analyze the results. For example, do all two competitors occupy the same place in the consumers mind or are they somehow differentiated from each other? Is one the “quality leader” while the others are vying to be the “price” leader, etc.? 5. What issues do these competitors have to deal with? Think in terms of INTERNAL and EXTERNAL factors. Do a SWOT analysis for your primary choice. 6. What can you find out about your two choices and how they are addressing the “societal marketing concept”? Do they pollute? Do they recycle? Do they use toxic chemicals? (hint: look at their web sites or in-house literature ). Do they support charitable causes? 7. Provide a descriptive analysis of your impressions of each of the two competitive advertising efforts. Include a description of your favorite campaign or ad. If they do not have one, suggest one. STAND ALONE QUESTIONS – UNRELATED TO YOUR TOPIC 8. Pick four different companies in business TODAY, and give me an example of how one of them practices the ‘production orientation’, another does the ‘sales orientation’, another does the ‘marketing orientation’ and the last one practices the ‘societal marketing’ orientation. Give an example of their product line and your justification. 9. Think of any product in the world that is no longer being sold (be specific about brand and description). It must have been a good idea at one point. so what was good about it before it lost its popularity with the consumers? Use a company that went out of favor due to ‘social’ changes that took place in America. 10. Explain to me how you would argue that Walmart has several ‘sustainable competitive advantages over any other retailer in the world (you will have to google this one and it should be about a page). Add some color charts where you see fit and “pretty it up” a little. I will take into consideration any “extra effort” you put forth that was not specifically asked for….and give you some extra points to offset any lack of content that I see. It is up to you. Good luck! Caution: Do not approach this project as if you are a student. You must think like a “marketing manager” in order to answer these questions. Think through it carefully.

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