MBA 7003 MBA Marketing Assignment, Semester 1, Cardiff Metropolitan University

Task/assessment brief:

You have been asked by your Managing Director to develop a new market offering for the organisation. Targeting the UK market, you need to design and deliver a new product* offering into an already cluttered marketplace. This means that you need to create a specific market space for your new product with a clear target audience and strategy. Firstly, you need to research the macro-environment to determine current trends in the UK market. Then you need to develop the company’s strategy and positioning. Finally, you must recommend what your company must do to attract customers and how the customer experience will be developed.

The report should include:    

1. A tailored macro-environmental (PESTEL) analysis showing sources of information from acceptable and reliable sources AND highlighting the key issues facing thecompany 
2. Identification and justification of new product/market offering (Ansoff)
3. The development of your company’s marketing strategy (think about the segmentation, targeting and positioning and long-term strategic direction) 
4. Specific recommendations in relation to the market offering for the proposed target audience. (What will you be marketing? Think about how you communicate and distribute your offering. What sort of pricing point will you use given your position in the marketplace?

* this could also be an extension of an existing product to a new consumer market

Assessment Criteria

• Demonstrate a critical understanding of the role and function of marketing in a variety or market and organisational contexts.
• Critically evaluate and utilise marketing research data and methods to a given marketing situation.
• Apply and evaluate the principles of organisational and environmental audits to inform marketing strategies, decisions and objectives.
• Develop and justify a marketing plan and mix for a given target market.