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Marketing Plan – Part 2
Your plan will follow the marketing plan outline illustrated in table 2.2 of your textbook and further described in Appendix 1: Sample Marketing Plan for Sonic, a fictional product. You will submit your Marketing Plan Term Project in two parts:
Part 2: Marketing strategy, budgets, and controls (20 percent of final grade) (Part 2 will also include an executive summary, all slides from Part 1, all footnotes, and a bibliography.)
You will be graded on the following criteria (refer to grading rubrics for more detailed information):
- the degree to which you demonstrate your ability to conduct relevant external research
- the degree to which you demonstrate application of the marketing principles covered throughout the course
- the degree to which you exhibit critical-thinking skills
- the degree to which you present a professional final product
- Step 4: Prepare Marketing Plan Term Project, Part 2 (worth 20% of final grade)
- Due: End of week 8 (check course schedule for specific due date)
- Incorporate all comments provided by your faculty member in Part 1; continue with your marketing plan by completing the following sections:
- C. Objectives and Issues
- 1. Statement of marketing objective(s) (for first year only)
- 2. Issues that may hinder marketing objectives
- D. Marketing Strategy Recommendations
- 1. Positioning strategy
- 2. Product/Branding strategy
- 3. Pricing strategy
- 4. Distribution strategy
- 5. Marketing Communications objectives
- 6. Marketing Research
- E. Action Programs
- 1. IMC
- 2. Message design, content, and structure
- 3. Media choices
- 4. Promotion mix tools
- F. Budgets
- 1. Objective/task method
- G. Controls
- 1. Metrics needed to monitor marketing plan progress
- Finished product: Put it all together by incorporating changes to Part 1 as suggested by your faculty member’s feedback, and then add your title slide, an index slide, an executive summary slide, endnotes, and a bibliography.
- Marketing Plan Term Project Submission Requirements for Parts 1 and 2
- Length. Minimally, you should have at least one slide per topic, plus your title page and source page(s).
- All information should be contained on the slide itself. Do not use the ‘notes’ section of the slide.
- Reference numbers. Include the reference numbers noted in the outline for both Part 1 and Part 2 on your slides (e.g., A.1.a; A.1.b; A.1.c, and so forth).
- Professionalism. Be sure to refer to the PowerPoint Presentation Tips under Course Content, Marketing Toolbox, to ensure that you submit a professional product. This will be part of your grade for both Part 1 and Part 2.
- Citations and Bibliography. Use an acceptable style guide (e.g., APA or MLA) for citations. See UMUC’s library website for useful citation tools.
- Submit for grading. Save your PowerPoint presentation file as a .ppt file and upload it to your Assignment Drop Box by the due date specified in the course schedule.
Detailed Grading Criteria for Marketing Plan Term Project, Part 2
C. Objectives and Issues (5 points maximum)
- 1. Statement of marketing objective(s) (for first year only)
2. Issues that may hinder marketing objectives
D. Marketing Strategy Recommendations (60 points total)
- Positioning strategy (10 points)
- Product and branding strategy (10 points)
- Pricing strategy (10 points)
- Distribution strategy (10 points)
- Marketing communications strategy (10 points)
- Marketing research (10 points)
E. Action Programs (5 points maximum)
- IMC
- Message design, content, and structure
- Media choices
- Promotion-mix tools
- Overall presentation/executive summary/style/professionalism/adherence to requirements (20 points maximum)
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