For the Final Project, you are able to choose which scenario and process to research. Review Scenario 1 and Scenario 2.
You (an entrepreneur), have come up with an innovative new product you wish to market. The product can be a consumer or organizational good or service (therefore, either a B2C or B2B product).
You will be required to document the development process of your new product, and develop a marketing plan for it to become commercially available.
You are a brand/product manager, hired to develop a new product line or brand extension for the companyâ€™s top-performing product (Note: student chooses the company and brand/product). Based on the companyâ€™s mission and goals, status in the market, current target market, and brand power, develops a marketing plan for the new product/brand extension.
Your statements and findings must not only be clearly stated and logical but also supported by your research (with cited sources of information). Furthermore, all facts (other than common knowledge) must be cited in the text or body of the report and the informational source listed in the References. A fact is more than just a number (e.g., statistic) but also a definitive/specific point, statement or information unknown to others. Facts and informational sources should include of course the organization, its retailers, and competitors, current and potential customers.
The document should be formatted according to the latest APA standards.
ï‚· Times New Roman
ï‚· Font Size 12
ï‚· 1â€ margins all around
ï‚· Written in narrative, 3rd-Person format, free of colloquial (casual) lingo.
Tables and Charts
Tables and figures are likely to be useful for this assignment. These should be placed in the Appendix (with a title for each one) and discussed in the appropriate section. When these are discussed, reference them in the text or body of your report, e.g., See the Appendix Table (title/name).
Bullet-points are allowed, but should comprise a small portion of the entire document.
Direct quotes must be appropriately cited.
Determining successful market research findings and developing a market assessment and analysis report will take research. The following sources are suggestion. Please note you may also refer to the Research Help from the Library located on the Info tab located on Canvas or on your iPad.
ï‚· The course multi-touch textbook
ï‚· Personal Interview
ï‚· Lynn University Library Databases
Table of Contents
ï‚· Core Competences/Competitive Advantage(s)
ï‚· Industry Trends
ï‚· Competitors Analysis
ï‚· Market Trends
Target Market Analysis
ï‚· Demographic Profile
ï‚· Psychographic Profile
ï‚· Analysis of Internal Strengths and Weaknesses
ï‚· Analysis of External Opportunities and Threats
Marketing Mix Strategy
ï‚· Product/Brand Strategy
ï‚· Product/Brand Positioning
ï‚· Points of Difference
ï‚· Pricing Strategy
ï‚· Promotional Mix
ï‚· Integrated Marketing Communications
ï‚· Distribution (Place) Strategy
Financial Data & Projections
Evaluation of Marketing Activities