Reference no: EM132407322

7003MKT Marketing Foundations,  Griffith University, Australia

Assignment - Opportunity Analysis and Marketing Mix Plan

Overview - This piece of assessment comprises of two components: (1) Opportunity analysis and (2) Marketing mix plan; which together form a complete Marketing Plan. For this reason, students are required to complete the Opportunity Analysis first and then following this, they will be required to complete the marketing mix plan.

The Opportunity Analysis and the Marketing Mix Plan are individual assessment tasks.

Both the opportunity analysis and marketing mix plan are due on different dates as detailed on the course site.

Purpose - The purpose of this assessment task is for students to demonstrate their understanding of the components and processes involved in a marketing plan. This is shown by completing a marketing plan for a particular scenario.

The marketing plan is divided into two sections as stated above. We have structured the marketing plan in this manner to enable students to receive feedback on their first submission (opportunity analysis) to build into their second submission (marketing mix plan).

Scenario - Australian university students often find it difficult in their first year of studies. This is due to a range of factors including lack of knowledge of university procedures, lack of academic skills and lack of personal and family support.

You will create a tutoring service that will assist first-year university students as they transition in to their higher degree studies. Overall, the aims of the business are to increase academic results and personal wellbeing of first year university students across Australia. The tutoring service can be specific to one geographical area or all of Australia, can be offered online or face-to-face or a combination, can be specific to one type of student (eg. Mature age or international students) and you have a great degree of flexibility of how the service will be offered.

You have great scope here to choose:

The business name, values, mission, branding, logo, slogan etc

Exactly who their target market will be (first-year university students is your starting point, but this is quite broad. We will narrow this down in Assessment 2)

What the new marketing mix for the business will look like (focus on the 4 P's: product, price, place, promotion). We will write the marketing mix in Assessment 2. Further hints will be given in online classes and in seminars.

While this may sound like a large, overwhelming task, we will discuss the marketing process in online classrooms, and apply the course learnings in your assessment.

Step 1: Opportunity Analysis

First you need to better understand the macro and micro issues affecting the marketplace. You will undertake research to find out what main issues students face when beginning university, which will assist you to develop the marketing mix that will provide the solution (value) to these students.

Don't worry too much in this assignment about knowing what you will write for the marketing mix (4 P's) - that's assignment 2. Instead, make the focus of this task understanding the marketplace and your customer, so that you develop a solution that best suits their needs and wants.

You will undertake research using a variety of sources to identify the specific opportunity you will pursue in Assessment 2. There is no right or wrong answer here; every student will narrow the scope of focus down differently. For example, you may find during your research that Chinese students comprise the largest cohort of international students in Australia. You may choose to focus on assisting international students from China to better settle into their first year of Australian studies. Others may choose to focus on helping the specific issues mature age students face.

The research you undertake will largely be online research on websites and databases. This may include using Euromonitor (demonstration given in week 2 online classroom), reading Government reports on the education industry, and research on similar tutoring services (your competitors).

You can submit a draft of your assignment to the tutoring on demand service multiple times for feedback (please allow 24 hours. You can also ask questions during the online classes, email your tutor, and book in a telephone chat with your tutor.

You will submit your opportunity in your assignment by the due date, and you will receive feedback on how to improve your idea for Assignment 2 (A2).

Step 2: Marketing Mix Plan

You are then to identify a specific target market (as mentioned previously) and develop a marketing mix campaign that can be used to launch your new service.

This is a real world case study requiring you to apply the knowledge you obtain through this course to your new service. We would like to see you learn from and, importantly add value to your "client" in the context of marketing.

Assistance Provided to you

Discussion of the assessment task will occur in the online classroom sessions. You should orient yourself with the template and criteria before attending the first online class.

Need - 1500 words comprises the opportunity analysis (Assessment 1), and 2000 words (+/- 10%) comprises the marketing mix plan (Assessment 2). The title page, executive summary and table of contents are not included in the word count. You will only complete an executive summary for the marketing mix plan (Assessment 2).

Attachment:- Marketing Foundations Assignment File.rar