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STRATEGIV MARKETING RECOMMENDTIONS

Assignment 2: Required Assignment 1—Strategic Marketing Recommendations In this assignment, you will compare and contrast the differences between marketing strategies in a changing competitive environment. Scenario: Consumer behavior and competitive market analysis are key initiatives for a marketing manager. With the changing competitive environment of the global marketplace, marketing managers are always in search of evolving markets and underserved profitable niches to provide them with a competitive advantage. Porter’s Five Forces and strategies to overcome the Five Forces are seminal works on competitive advantage. Select a company and a product in an industry affected by changes in the business environment or in consumer preferences. As a consultant to that company, you are asked to provide strategic marketing recommendations. Directions: 1. Describe the company you chose and the industry they are in; include an overview of one of their products/services and the markets they serve. Present their current marketing strategy. 2. Using Porter’s Five Forces framework, evaluate the profitability of the current market. Analyze the strengths and weaknesses of the strategies currently used to market the product/service. 3. Research at least six peer-reviewed academic articles related to marketing strategy and competitive advantage. 4. Using best practices from the literature, propose a new marketing strategy to give your selected company a competitive advantage. Include the following in your marketing strategy: o Describe how the proposed marketing strategy aligns with the goals of the company. o Examine areas in the marketing strategy that could provide a competitive advantage based on current marketplace competition. o Analyze market segmentation, differentiated points of value, message(s), and product positioning. Write a 6–8-page report in Word format. Utilize at least six scholarly sources in your research. Make sure you write in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources; display accurate spelling, grammar, and punctuation. Apply APA standards to citation of sources. Grading Criteria Maximum Points Describe the company you chose and industry they are in; include an overview of one of their products/services and the markets they serve. Present their current marketing strategy. 24 Using Porter’s Five Forces framework, evaluate the profitability of the current market. Analyze the strengths and weaknesses of the strategies currently used to market the product/service. 48 The proposed marketing strategy describes how the proposed marketing strategy aligns with the goals of the company. 20 The proposed marketing strategy examines areas in the marketing strategy that could provide a competitive advantage based on current marketplace competition. 36 The proposed marketing strategy is based on an analysis of market segmentation, differentiated points of value, message(s), and product positioning. 48 Writing Standards Write in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources (i.e., APA); and display accurate spelling, grammar, and punctuation. 24 Total: 200
Assignment 2: Required Assignment 1—Strategic Marketing Recommendations In this assignment, you will compare and contrast the differences between marketing strategies in a changing competitive environment. Scenario: Consumer behavior and competitive market analysis are key initiatives for a marketing manager.
Assignment ID
827683
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CREATED ON
27 January 2019
COMPLETED ON
28 January 2019
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27 January 2019
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27 January 2019
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27 January 2019
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