Principles of Marketing Discussion Essay Project
Students that complete a mini marketing plan for the Dunklau School of Business will receive up to 20 points in extra credit. The same standards apply (note: must be well-written and well-researched/supported) in order to earn the full 20 points.
The parts of the marketing plan to include:
How does marketing support my company’s mission, objectives, and growth strategies?
What is the corporate culture and how does it influence marketing activities?
What has my company done in the past with its: target markets? Promotion?
What resources including management expertise does my company have that make us unique? How has the company added value through its offerings in the past?
What is the nature of the overall domestic and global market for our product? How big is the market? Who buys our product?
Who are our competitors (where else could students earn a business degree)? What are their marketing strategies?
What are the key trends in the economic environment? The technological environment? The regulatory environment? The social and cultural environment?
Based on the analysis of the internal and external environments, what are the key strengths, weaknesses, opportunities, and threats?
Set Marketing Objectives
What are the marketing goals of the organization?
The Dunklau School of Business aims to have over 350 students enrolled in its majors for the 2022-2023 school year. Currently, there are 305 students enrolled in the majors.
Select Target Markets and Positioning
How do consumers and organizations go about buying, using, and disposing of our products?
Which segments should we select to target? If a consumer market: What are the relevant demographic, psychographic, and behavioral segmentation approaches and the media habits of the targeted segments? If a business market: What are the relevant organizational demographics?
How will we position our product for our market(s)?
How do we develop a consistent message about our product? How do we best generate buzz?
What approaches to Advertising, Sales Promotion, Social Media, Personal Selling, and Public Relations should we use?
Extra credit will be awarded based on the following:
1) All questions were addressed: 5 points. If not all questions are addressed, no extra credit will be given.
2) All questions were addressed and every area was supported with research/evidence: 10 points
3) All questions were addressed and every area was supported with research/evidence and there were no writing errors: 20 points