i want to make marketing plan of notpla or patch strips
MRKT20052 Assessment 2: Marketing Plan
Weight: 40%
Word limit: 2,500 words
Week due: Week 9
Due date and time: 20th September (Friday) 11:55PM AEST
Students are required to choose ONE of four businesses/products. This assessment requires students to work individually on their selected business/product to create a comprehensive strategic marketing plan with a maximum word limit of 2,500 (excluding references). Your assessment should be an application of relevant marketing concepts learnt in the unit. There is no need to go into details about explaining marketing concepts, rather it should be an applied discussion (i.e. do not provide definitions and descriptions of relevant concepts, instead you are required to apply those to your selected business/product; you will be assessed on the quality of your conducted analysis).
Please upload the assessment through the appropriate Moodle submission link. Each assessment must be uploaded as a .doc or .docx file (word file). Use APA Referencing style.
Any assessment with ‘Turnitin’ similarity score of more than 25% will be checked by the marker for plagiarism although it may no necessarily man that you have plagiarised. If there is a substantial similarity score in your ‘Turnitin’ report, your assessment will be investigated for plagiarism and could be forwarded to an appropriate office/authority.
Product Website/weblink
#1 https://www.notpla.com/products/
#2 https://patchstrips.com/
#3 https://www.pixelatedinduction.com/
#4 https://www.disruptsports.com/
Recommended structure of the report:
Title page: The title page will include the title of your assignment, name of the business/product you prepared your marketing plan for, your name, student ID number, lecturer/tutor name, and unit name and code.
Table of contents: The table of contents will present each section of the report, including sub-headings, with their appropriate page number(s). Sections should be numbered with page number (e.g. 1.0 Introduction on page 1). Pages prior to the introduction should use lower case Roman numerals such as i, ii, iii, iv.
Executive summary: The executive summary contains the key points of the whole report in 3-5 paragraphs written on a single page. This is not an introduction to your assignment, ensure to present a summary of key findings of the entire report.
Introduction: The introduction section should provide background information of the selected company and its product or service.
Situation analysis: This section should include a PESTEL analysis, a competitor analysis, and SWOT analysis.
Customer analysis: Discussion of the segmentation, targeting and positioning approach. Discuss the potential customer segments for your product or service and which one(s) you wish to target with good justifications. Also, discuss the desired positioning for the product or service and develop a clear positioning statement.
Problem Statement: Clearly identify the problems the product will face when introduced in the Australian market in 2019 based on the situation and customer analysis. Is it lack of awareness, pricing, distribution or other problems?
Objectives: Set 3 to 5 marketing objectives. Relate the objectives to your problem statement, situation and customer analysis. All objectives should be described using the SMART approach.
Marketing mix strategy: Should cover specifics of the product, price, promotion and place aspects.
Campaign evaluation: This section should cover specific effectiveness measures for each strategy, overall control measures for the marketing plan, and contingency actions should also be identified.
Budget allocation: Your budget allocation should be reasonable. It should also linked to the objectives and the marketing mix strategy.
Conclusion: Includes a summary of the key points.
Evidence of research: Provide a list of at least 15 (fifteen) citations and references of relevant published academic and research papers, textbooks and authentic internet sources. Referencing should follow the APA style. You will be assessed on the quality and integration of research in the writeup to support key points. Any website which is used to find statistical information is also considered as part of evidence of research. Useful websites include Australian Bureau of Statistics, Austrade, CIA Factbook, Doing Business and any state or Commonwealth Authority websites.
Report format and writing style: Use of headings, sub headings, cohesion of paragraphs need to be of high quality. Grammar, spelling and punctuation are expected to be of exceptional standard. The report is very professionally presented with superior layout and font and heading styles. Language used, sentence construction, grammar and spelling are very professional with no easily discernible errors. Professional structure, guiding the reader through a logical analysis. You can use the example given on pages 69-73 in the textbook as a guide.
The preparation for this assessment involves extensive research and you will need to start working on this assessment as early as possible.
Assessment Criteria:
A brief marking criteria is provided below. A more detailed marking rubric is provided on Moodle.
• Introductory section (10%)
• Situation and customer analysis incl problem statement (20%)
• Objectives and marketing strategy (20%)
• Evaluation and budget, and conclusion (20%)
• Evidence of research and referencing (20%)
• Report format and writing style (10%)
Penalties apply for exceeding word limit (1% mark will be deducted from the total mark for every 100 words over the allowed 2,500 words limit).
Penalties apply for late submission (5% mark will be deducted from the total mark per day unless an approved extension has been granted).
Submission checklist for Assessment 2:
• Cover page with your name and student ID and name of the selected product (use the cover page template provided in Moodle);
• 1.5 line spacing and 12 size font in Times New Roman;
• Maximum of 2,500 words (excluding references);
• The written analysis should be submitted in .doc or .docx format.