Using the company you selected for your marketing manager internship, you will complete a situation analysis with the goal of identifying a new product/service to develop your marketing plan against.
My company was Under Armour
Instructions
Create a Word document of three to four pages formatted to APA Style and includes at least one scholarly, peer-reviewed, or other credible resource (Links to an external site.) from the University of Arizona Global Campus library in addition to the course text.
In your paper,
- Describe the selected company and brand and a brief history.
- List the core products and services they offer.
- Identify the key current competitors.
- Complete a SWOT analysis (Links to an external site.).
- Propose the product or service line you want to develop a marketing plan for.
- Justify your proposal with a SWOT-based argument for why it warrants marketing investment.
- Describe your core product, extended product, and the product concept.
- Explain how you plan to achieve competitive differentiation through creating customer value in four areas:
- Branding
- Packaging
- Support
- Quality
Helpful Tips
The focus of your marketing plan can be a new product/service idea of your own or an existing product/service that you think deserves its own dedicated campaign. Just dont pick something that youve already seen being actively marketed.
For example, after completing a SWOT analysis for McDonalds, one might propose marketing new concepts like a McVeggie burger or an adult happy meal. Further afield, one might propose a whole new chain of pay-to-visit indoor McPlayground Centers. Or, relative to existing menu offerings, one might suggest a dedicated marketing campaign for say burgers at breakfast or after midnight snacking via the drive-through.
Learn about your brand and then let your imagination run wild. It can be a big idea that will appeal to many of their customers or a very targeted effortyou decide. You can always adjust your idea after getting instructor feedback.
To learn more about SWOT analysis and see as an example how it is applied to Starbucks, you may see the below resources:
- Three Tips For A Better SWOT Analysis (Links to an external site.)
- (Links to an external site.)Starbucks SWOT Analysis (Links to an external site.)
The Marketing Plan: Product Identification and SWOT Analysis paper
- Must be three to four double-spaced pages in length (not including title and references pages) and formatted according to APA Style (Links to an external site.) as outlined in the Writing Centers APA Formatting for Microsoft Word (Links to an external site.) resource.
- Must include a separate title page with the following:
- Title of paper in bold font
- Space should be between title and the rest of the information on the title page.
- Students name
- Name of institution (University of Arizona Global Campus)
- Course name and number
- Instructors name
- Due date
- Title of paper in bold font
