Marketing project
Adaptive Branding Plan By Week #3, select a brand you want to develop a Plan for, in which you make recommendations for changes and/or enhancements to the current brand’s position in the marketplace. No more than 20 pages in length, exclusive of appendices, if any. Do not make a statement of fact in this Plan without peer- reviewed sources to support it. Compose in Word using APA citation format and uploaded to the proper Assignment location on Blackboard. This Project is worth 25% of the course grade. The following captions incorporate this Branding Plan. You should address your research findings to each of the following captions:
I. THE EXECUTIVE SUMMARY (1 page) Give a brief description of the company, the selected brand, its functionality and/ value offering. Summarize the recommendations you will make in the Plan. Think of this as akin to a term paper abstract.
II. ANALYSIS OF THE BUSINESS ENVIRONMENT (3-4 pages) Describe national trends that will affect the brand. Consider demographic changes, legislative actions, technological changes, economic trends, etc. Provide here a SWOT analysis of your brands strengths and weaknesses, and the external environment creating opportunities and/or threats to your brand.
III. ANALYSIS OF THE TARGET MARKET (2-3 pages) Use one or more of the common bases for segmentation: demographics, psychographics, geography, benefits, and/or usage.
IV. COMPETITVE FORCES ANALYSIS (2-3 pages) a. Describe the brand’s competitive advantage in terms of quality, price, selection, location, and service. Include here a set of POPs (points of parity to the competition) and PODs (points of difference to the competition). b. Identify the strengths and weaknesses of competitors to the brand, with respect to the following checklist: Market share; product quality; quality of service; pricing; amount of advertising and promotion. Include a perceptual map of your brand versus the competition, using two positioning variables (avoid reliance only on price and quality).
V. PROMOTION MIX STRATEGIES (3-4 pages) a. List, discuss, and mix the “tools in the promotional toolbox” you will use – direct marketing, advertising, public relations, personal selling, and/or sales promotion. b. Include a mention of media placement for any of the “tools” you plan to use.
NOTE: This is the pivotal section of your Plan; you will specify your recommendations for improving whatever the current branding is for your chosen brand and justify why you think this will work.
VI. CONCLUSION AND EVALUATION (2-3 pages) List the assumptions you made while completing your presentation. State which assumptions must hold true in order for a sustainable conclusion. VII. REFERENCES (1 page) A “Work Cited” page in APA format