Mrk-7-3 final project part ii: product marketing recommendations
What do “Module Seven” has in for us?
This module will discuss the importance of a company’s brand and the ethical issues involved in marketing. The creation and maintenance of a strong brand is a major challenge for marketers. Internal and external activities and opinions can shape how consumers perceive a brand and, consequently, can influence sales
How can you be successful this week?
Simple! Read/watch all the links to the resources (articles, website, videos, etc.) posted for this module. Don’t forget to click on the Module Overview Link and read it. Then complete the following activities:
- Read the Textbook: Marketing: An Introduction, Chapter 16
- Read the Marketing Concept Glossary VII
- Watch the Video: Brand Meaning and Identification
- Participate in the Module Seven Discussion: Compelling Brand
- Video Activity: Brand Matching Game
- Final Project Part II: Product Marketing Recommendations
For each activity you have to complete, make sure that you first review the Rubric that I will use to grade it. In this way, you will be able to hit each requirement, and your road to success will be guaranteed.
Start by reading and reviewing the articles posted, and then answer the question(s) posted in the Discussion Forum.
For your initial post (1) you must:
- Compose a post of one to two paragraphs
- Complete the initial post by Thursday at 11:59 PM EST of the module week – Your responses to your peers must demonstrate a depth and think. Keep in mind that I grade quality and not quantity. As your first marketing activity in this class, make sure you deliver VALUE being an exceptional contributor to the Discussion Forum.
My advice: Posting on Mondays or Tuesdays allows you to complete your work on time. It also allows you to be a leader in the discussion and participate enough to get all the points allotted.
A late posting on Saturdays or Sundays reflects a rushed work, and as a result, your grade will not be the best. You will also miss the opportunity to engage with your peers and me.
Final Project Part II: Product Marketing Recommendations
I will post a separate announcement with specific instructions for this assignment.
Attached is the slide that I have mentioned in my previous message. You don’t have to use this exact model, you can re-create your own, however, this is the easiest way to indicate how the company transmits its messages strategies.
The columns on the ends should contain the wants and need of the target market, not those of your company, and the one in the middle should contain information of the different ways/actions in which the company will meet those wants and needs.
Wants & Needs slide.pptx (68.37 KB)
Please watch the following video (a very brief one) that will walk you through what you need to do to submit a successful PowerPoint Presentation.
Please remember that you do not have to start from scratch, you have done all the work already, it is a matter of putting all together!
Direct Link: https://www.youtube.com/watch?v=HwzdamxsZR4&feature=youtu.be&hd=
PowerPoint Slides Guide:
Also, when working on the “Translating Wants & Needs into Messaging.” Slide, I highly recommend you to use the graphic shown below. This example is from a different company. If you realize, in the blue and green squares, the CONSUMER’S WANTS AND NEEDS are stated. The squares in the middle quote the marketing and messaging strategies that the company will use to meet the wants and needs established. The arrows should connect with each other.
I WILL EMAIL EACH OF YOU THIS SLIDE WITH THE CHART INCLUDED SO THAT YOU CAN USE AT YOUR CONVENIENCE.
Also, it is important that you follow the instructions and use the section comments on the slides to expand on your explanations of each slide. ( this is a requirement, look at the slide example that I have emailed you. )
If you have any question, please contact me asap!
Module Seven: Social Responsibility and Brand
Upon completion of the course, students will be able to:
- Identify factors that influence ethical and unethical marketing decisions
- Analyze the branding strategies used by different companies
- Describe how a brand is the driving force behind all marketing activities
Module Reading and Resources
Textbook: Marketing: An Introduction, Chapter 16
This chapter provides an overview of the use of socially responsible marketing by companies.
Chapter 7 (pp. 221–231 only)
This highlights the importance of branding to a company.
Access this resource by going to the MyMarketingLab area under the course Table of Contents menu.
Presentation: Marketing Concept Glossary VII
Module-related marketing concepts and terms are presented. Visit the glossary for a quick review of the key terms from this week. You can also look up words in the glossary found along the left-hand navigation bar.
Video: Brand Identification and Meaning
The video provides an overview of branding and gives students an opportunity to match company names with two key elements of their brands: taglines and logos. Transcript available here.
Assignment Calendar Module Seven
This module addresses how a company creates and promotes its brand. A company’s brand is its heart. The Oxford English Dictionary defines brand as “burning.” The etymology of the word is important. The American Marketing Association (AMA) provides a broader, more current definition—it defines brand as a “name, term, design, symbol, or any other feature that identifies one seller’s good or service as distinct from those of other sellers” (AMA, 2014). If the two definitions are combined, it could be interpreted that branding is to burn the name, design, or symbol of a company into the minds and hearts of its customer base. When companies are successful in this activity, they are able to build loyalty. When people think about brand, the most common thing that comes to mind is a company such as Nike or a product like Air Jordan. Brand, however, can be expanded to include people (e.g., Michael Jordan), places (e.g., the state of New Hampshire), and ideas (e.g., universal preschool). The significance of branding is further highlighted in 30 Branding Definitions.
The key objective for a marketer is to effectively communicate a brand (whether it is a person, place, or thing) to customers and targets. Marketers need to consider more than selling products in the development of messaging and media strategies. They also need to recognize the impact of the messaging and media strategies themselves on the company brand. Increasingly, consumers look at company practices with a more critical eye. Terms such as “ethics” and phrases such as “social responsibility” are becoming more prevalent. Sometimes ethical practice is simply being transparent about where something is made, promptly initiating a recall, or posting an announcement on a website or in a letter to customers. Given how fast information spreads, one of a marketer’s jobs is to be proactive, that is, be prepared when a quick response is needed.
Once a brand is established, it becomes a marketer’s job to maintain, grow, and nurture it. This is one of the situations where public relations (PR) come into play in marketing. This is especially important when a company faces a crisis. As an example, the BP oil spill in the Gulf of Mexico in 2010 required extensive efforts by the company to address the multitude of public concerns. PR and marketing need to partner to ensure that an effective, unified, and consistent message is portrayed, whether it is in a speech from the president of the company or in a TV ad.
In the video Brand Identification and Meaning, a number of companies and some of their brand elements, including logos and taglines, are presented. These are two very important elements for a company, especially for new companies or companies seeking to expand their market share. The effectiveness of branding has a critical impact on business success.
Now, take a minute to review this week’s glossary.
Brand. (n.d.). In Common Language in Marketing. Retrieved from http://www.marketing-dictionary.org/
Brand [Def. I1]. (2015). In Oxford English Dictionary. Retrieved from http://www.oed.com/view/Entry/22627?rskey=aEQ9Qv&result=1&isAdvanced=false#eid
Complete the assignment as follows:
Continuing with the scenario from your product overview, report your findings and recommendations to the stakeholders of your company.
Your job is to help the company launch a new pet food line. The food line will be for both cats and dogs, and the company is excited because the product is made of all natural ingredients. You will need to make some key strategic recommendations about how to launch and promote this new product line. Create a presentation to share your recommendations with the stakeholders within your company.
The following aids are provided for guidance:
Prepare your marketing recommendations presentation using the Final Project Part II PowerPoint template provided. Ensure that your presentation addresses all of the critical elements in the Final Project Part II Guidelines and Rubric document.
To complete this assignment, review the Final Project Part II Guidelines and Rubric document.