{"id":90916,"date":"2022-01-24T00:00:00","date_gmt":"2022-01-24T00:00:00","guid":{"rendered":"https:\/\/nursingstudybay.com\/2022\/01\/24\/principles-of-marketing-essay\/"},"modified":"2022-01-24T00:00:00","modified_gmt":"2022-01-24T00:00:00","slug":"principles-of-marketing-essay","status":"publish","type":"post","link":"https:\/\/www.studyproessays.com\/help\/principles-of-marketing-essay\/","title":{"rendered":"Principles of Marketing essay"},"content":{"rendered":"<p>Principles of Marketing<br \/>\nQuality Assurance Record<br \/>\nInternal approval: Celosia Mendez<\/p>\n<p>Assignment Brief\tAcademic Year 2021-22<br \/>\nModule Code and<br \/>\nTitle:\tMG412<br \/>\nPrinciples of Marketing\tModule Leader:<br \/>\nModule Tutor:\tAbid Taufique<br \/>\nAssignment No.<br \/>\nand Type:\tCW2<br \/>\nGroup Task: 10 mins group<br \/>\npresentation and co-authored<br \/>\n1000 word report.\tAssessment<br \/>\nWeighting:\t50%<br \/>\nSubmission Date:\tPresentation: In class week<br \/>\ncommencing:<br \/>\nReport: 7th January 2022 by<br \/>\n2pm via Turnitin.\tTarget Feedback<br \/>\nDate:\t2 Weeks from Deadline.<br \/>\nAssignment Task<br \/>\nWorking in small teams to develop a 10 minute group presentation for a brand extension, you will then<br \/>\nneed to submit a group co-authored 1000 word report explaining the new brand extension.<br \/>\nThis assignment has been designed to provide you with an opportunity to demonstrate your<br \/>\nachievement of the following module learning outcomes:<br \/>\nLO 2\tDemonstrate knowledge of STP marketing planning process<br \/>\nLO 3\tIdentify the key components of the marketing environment.<br \/>\nLO 4\tIdentify research requirements to begin to solve a business\/marketing problem in a company<br \/>\nTask requirements<br \/>\nYou now need to select an existing brand (you may choose one of the brands from the CWK1<br \/>\nassignment or a brand of your own preference) and develop an idea for a new brand extension e.g. Dove<br \/>\ntoothpaste. This is partly a creative exercise, but it must be based on thorough research into:<br \/>\n1. The current values of the brand being extended<br \/>\n2. The potential target market for the brand extension.<br \/>\nThis will involve academic research, secondary research and competitor research in store. It may<br \/>\nalso involve small scale primary research to establish whether your new brand extension finds<br \/>\nacceptance with your chosen target market. However, for this assignment, marks will be awarded for the<br \/>\nresults of the primary research, not a full description of the process of carrying it out.<br \/>\nConducting the Research<br \/>\n1. Academic Reading<br \/>\nYou need to ensure that you have read, at the very least, chapters 6, 9 and 10 in Brassington and<br \/>\nPettitt\u2019s \u201cEssentials of Marketing\u201d and the BB source materials available on Kapferer\u2019s Brand<br \/>\nIdentity Prism.<br \/>\nAlso use WARC to find articles on (or related to) the topic (sample nursing essay examples by the best nursing assignment writing service) of brand extensions \u2013 for example<br \/>\n\u2022 WARC June 2016 :How to extend a brand<br \/>\n\u2022 WARC News 23 January 2013 \u201cBrand extensions favoured by shoppers\u201d<br \/>\n\u2022 WARC Case Study :John Lewis Insurance: The power of true brand extension marketing,<br \/>\nIPA Effectiveness Awards, 2016<br \/>\n\u2022 D. Aaker (1990) Brand Extensions: The Good, the Bad and the Ugly<br \/>\n2. Secondary Research<br \/>\nYou will need to make reference to appropriate Mintel reports as well as the company\u2019s website<br \/>\nand press articles about the existing brands. You should also try to find information about the<br \/>\nbrand\u2019s values and existing target market. Additionally you will need to research current issues in<br \/>\nthe marketing environment (PESTEL analysis) that potentially could impact on your new product<br \/>\nintroduction.<br \/>\n3. Competitor Research<br \/>\nYou will need to look at the existing products in the new suggested market to ensure that your<br \/>\nnew brand could compete effectively (e.g. with Dove toothpaste you will need to consider Colgate<br \/>\nand Aqua fresh)<br \/>\n10 minute Presentation<br \/>\nA 10-minute PowerPoint presentation with an additional 5 minute Q &amp;A session.<br \/>\nThe presentation needs to cover the following points<br \/>\n\u2022 Background on the chosen brand include useful data such as market share, market size and<br \/>\ntrends in sales.<br \/>\n\u2022 Coverage of the existing brand values supported with use of visual examples.eg advertising<br \/>\ncampaigns, company\u2019s web site, sponsorship activities etc.<br \/>\n\u2022 A brief explanation of the new product with reference to what growth strategy the brand is<br \/>\nadopting. (Ansoff).<br \/>\n\u2022 Clear identification of the proposed target market for the new brand extension ( include any<br \/>\nprimary data results if undertaken)<br \/>\n\u2022 Any key trends and PESTEL issues that have influenced your choice of brand extension idea.<br \/>\n\u2022 A comparative analysis of your suggested brand extension with any key competition identified in<br \/>\nthe new market sector.<br \/>\n\u2022 A Visual Image of the Brand Extension showing brand name, packaging design and logo. You<br \/>\nalso need to consider how your brand extension will be distinct from competing products.<br \/>\nWriting the Report<br \/>\nThe report is a supporting document to the materials presented above and you need to include a sound<br \/>\nacademic framework to the discussion.<br \/>\nWe suggest that you adhere to the following headings for your reports:<br \/>\nExecutive Summary<br \/>\nTHIS IS WRITTEN LAST (because it is a summary of your research) BUT IT APPEARS FIRST (even<br \/>\nbefore the contents page), in order to catch the attention of the reader and encourage them to read further.<br \/>\nIt should cover in one page or less:<br \/>\n\u2022 The aims of the report,<br \/>\n\u2022 The methods of research,<br \/>\n\u2022 The results (top-line summary only)<br \/>\n\u2022 Conclusions<br \/>\nContents Page (Use the feature in Word to do this automatically)<br \/>\nIntroduction<br \/>\nThis should be quite brief. It should include the aims of the report and some background on the chosen<br \/>\nbrand. Include useful data such as market share, market size and trends in sales, which you can find from<br \/>\nthe most recent Mintel reports and in the trade press<br \/>\nMethodology<br \/>\nA simple statement of how the research was carried out. This is particularly important in terms of competitor<br \/>\nresearch, observational research, or primary research if you included it. Ideally you should critique whether<br \/>\nyour data is sufficient to justify your conclusions.<br \/>\nFindings<br \/>\nIt is suggested that you use sub-headings to make your report easier to follow. You could adopt the<br \/>\nfollowing headings:<br \/>\n\u2022 Existing brand and Brand Values -coverage to include key academic definitions explaining what<br \/>\nis a brand, the concept of a brand extension and a detailed examination of one academic model on<br \/>\nbranding. (i.e. Kapferer\u2019s Brand Identity Prism).<br \/>\n\u2022 Description of the Target Market \u2013 a detailed description of the TA for the new brand extension<br \/>\nsupported by reference to secondary sources e.g. Mintel and TGI supported by academic coverage<br \/>\nof STP marketing planning process.<br \/>\n\u2022 Analysis of the New Market, Including Trends \u2013 PESTLE analysis and Ansoff\u2019s Grid<br \/>\n\u2022 An Explanation of the New Product (Tauber\u2019s Brand Extension Options, product packaging, the<br \/>\nchoice of a brand name and brand positioning)<br \/>\n\u2022 Competition \u2013 a comparative analysis of your suggested brand extension with any competition<br \/>\nidentified in the new market sector (this should be tabulated)<br \/>\nYou should try to put relevant raw data in the appendices and just include a summary in the body of the<br \/>\nreport. Every time you state a fact e.g. market size, price data, sales etc. you must provide a referenced<br \/>\nsource for that fact (both in the text and in the reference list). All tables and graphs should have the source<br \/>\nwritten directly underneath.<br \/>\nConclusions<br \/>\nThis is where you provide some element of Assessment of your research findings. Do you think your brand<br \/>\nextension will be successful? Why\/Why not?<br \/>\nReference List<br \/>\nThis should be listed alphabetically by Surname and should follow the rules of Harvard Referencing<br \/>\nperfectly<br \/>\nAppendices<br \/>\nUse the appendices to display any raw research data, such as pricing data.<br \/>\nA group log of individual contribution to the task must also be included.<br \/>\nStyle Issues<br \/>\n\u2022 You may not write in first person \u2013 using I, me or my.<br \/>\n\u2022 Your report should be written in a formal business-like manner.<br \/>\nYou may include tables and photographs in the body of the report, but they must all include the source<br \/>\n(below and to the right) and title (to the left and above).<br \/>\nReferencing and research requirements<br \/>\nPlease reference your work according to the Harvard style as defined in Cite Them Right Online<br \/>\n(http:\/\/www.citethemrightonline.com). This information is also available in book form: Pears, R. and<br \/>\nShields, G. (2016) Cite them right: the essential reference guide. 10th edn. Basingstoke: Palgrave<br \/>\nMacmillan. Copies are available via the university library.<br \/>\nHow your work will be assessed<br \/>\nYour work will be assessed on the extent to which it demonstrates your achievement of the stated<br \/>\nlearning outcomes for this assignment (see above) and against other key criteria, as defined in the<br \/>\nUniversity\u2019s institutional grading descriptors. If it is appropriate to the format of your assignment and your<br \/>\nsubject area, a proportion of your marks will also depend upon your use of academic referencing<br \/>\nconventions.<br \/>\nThis assignment will be marked according to the grading descriptors for Level 4 with specific guidance on<br \/>\nmark allocation below.<br \/>\nPart A :Presentation Weighted 30%<br \/>\nBackground on the chosen brand including coverage of existing brand values.20%<br \/>\nCoverage of market trends including key PESTEL issues 20%<br \/>\nExplanation of the new product, proposed target market and key competition. 20%<br \/>\nA Visual Image of the Brand Extension 10%<br \/>\nPresentation Skills (Creativity of images used, fluency with the material presented and timing) 30%<br \/>\nPart B: Report Weighted 70%<br \/>\nResearch Skills 20%<br \/>\nYou need to demonstrate that you have spent at least a month working on this report. To do this, you need<br \/>\nto provide evidence in the written text and in your reference list that you have engaged in research in the<br \/>\nform of academic texts and secondary sources, such as Mintel, Trade and National Press and<br \/>\narticles on WARC. We will be looking for more than 10 references from a variety of sources in your<br \/>\nreference list. If all that is mentioned in the reference list is website links and company websites, you will<br \/>\nlose marks.<br \/>\nMarketing Knowledge 30%<br \/>\nYou will need to demonstrate full knowledge of a range of marketing concepts including: STP marketing,<br \/>\nprofiling target audiences, branding, and brand extension strategies. This knowledge needs to be<br \/>\nsupported via academic references and applied in full. You also need an explanation, with reference to<br \/>\nacademic text, of key models covered on the module including Kapferer\u2019s Brand Identity Prism (in<br \/>\ndiscussing the existing brand being extended from) and Ansoff\u2019s Grid and Tauber\u2019s Brand Extension<br \/>\nOptions (in discussing the new brand being extended to). Additionally a visual showing the application of<br \/>\nKapferer\u2019s model to the brand to demonstrate your understanding is also required.<br \/>\nAnalysis 20%<br \/>\nYou need to be able to demonstrate that this brand extension will be successful. Marks for analysis will<br \/>\nbe given for your:<br \/>\n\u2022 New Market trends\/PESTLE Analysis 10%<br \/>\n\u2022 Competitor Analysis (include in a tabulated format) 10%<br \/>\nLiteracy Skills 10%<br \/>\nPlease remember the LDU\u2019s advice regarding academic writing i.e. it must be objective, impersonal,<br \/>\nconcise, accurate and evidence-based.<br \/>\nReferencing 10%<br \/>\nWe expect you to apply the rules of Harvard Referencing in full both in the text and in the Reference List<br \/>\nat the end of the report.<br \/>\nGroup Work 10%<br \/>\n\u2022 As this is a group assignment you need to submit a group log showing in detail who did what for<br \/>\nboth the presentation and report writing stages.<br \/>\n\u2022 We will use the group log to identify inequalities in contribution and allocate individual grades if<br \/>\nrequired.<br \/>\nSubmission details<br \/>\n\u2022 This assignment should be submitted electronically. Please use the relevant Turnitin submission<br \/>\npoint in the Submit your work area in your Blackboard module shell.<br \/>\n\u2022 Please ensure that your work has been saved in an appropriate file format. Turnitin will only<br \/>\naccept the following file types: Microsoft Word, Excel or PowerPoint, PostScript, PDF, HTML,<br \/>\nRTF, OpenOffice (ODT), Hangul (HWP), Google Docs, or plain text. Your file must also contain at<br \/>\nleast 20 words of text, consist of fewer than 400 pages and be less than 40MB in size.<br \/>\n\u2022 You can submit your work as many times as you like before the submission date. If you do submit<br \/>\nyour work more than once, your earlier submission will be replaced by the most recent version.<br \/>\n\u2022 Once you have submitted your work, you will receive a digital receipt as proof of submission,<br \/>\nwhich will be sent to your forwarded e-mail address (provided you have set this up). Please keep<br \/>\nthis receipt for future reference, along with the original electronic copy of your assignment.<br \/>\n\u2022 You are reminded of the University\u2019s regulations on academic misconduct, which can be viewed<br \/>\non the University website: https:\/\/bucks.ac.uk\/__data\/assets\/pdf_file\/0024\/9546\/Academic<br \/>\nMisconduct-Policy.pdf. In submitting your assignment, you are acknowledging that you have read<br \/>\nand understood these regulations.<br \/>\nSubmission date and time<br \/>\nThe presentation will be in class week commencing:<br \/>\nThe report should be submitted before 14:00 UK time on Friday 22nd January 2021 via Turnitin.<br \/>\nWork that is submitted up to 10 working days beyond the submission date will be accepted as a late<br \/>\nsubmission. Late submissions will be marked and the actual mark recorded, but will be capped at the<br \/>\npass mark (typically 40%), provided that the work is of a passing standard. Work submitted after this<br \/>\nperiod will not be marked and will be treated as a non-submission.<br \/>\n\u2022 The group log must be included in your appendixes<br \/>\nUse and modify the following table structure for the group log:<br \/>\nDate Students Attending Issues Actions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Principles of Marketing Quality Assurance Record Internal approval: Celosia Mendez Assignment Brief Academic Year 2021-22 Module Code and Title: MG412 Principles of Marketing Module Leader:\u2026<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7650,7624,1387,7654,667,7649,7652],"tags":[576,7387,630,596,594,610,625,434],"class_list":["post-90916","post","type-post","status-publish","format-standard","hentry","category-assignment-writing-help","category-dissertation-help","category-dissertation-writing-service","category-healthcare-assignment-help","category-nursing-essay","category-research-essay-help","category-write-my-essay-online","tag-best-dissertation-writing-services","tag-best-research-paper-writing-services","tag-college-paper-writing-service","tag-dissertation-writing-services-cost","tag-dissertation-writing-services-near-me","tag-dissertation-writing-services-reviews","tag-legit-research-paper-writing-services","tag-thesis-writing-services"],"_links":{"self":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/90916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/comments?post=90916"}],"version-history":[{"count":0,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/90916\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/media?parent=90916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/categories?post=90916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/tags?post=90916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}