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Promotion Analysis
Promotion Analysis
Please type the paper in 12 font, Times new roman and a minimum of 2 full pages. Please be as detailed as possible. Please include at least 2 creditable references and please list in APA format free of errors and extra word fillers. Please include page numbers at the bottoms of each page ONLY not the top.
Please center headings and for each indent use 6 spaces instead of a tab.
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Please see below for more detailed instructions on requirements etc.
The assessment instructions is a guide for the paper and please answer each bullet in the paper from the assessment portion of the instructions.
Overview
Write an analysis of all the aspects of promoting a selected product or service, including promoting to the customer and other promotional audiences. There is no page limit for this assessment.
The promotional aspect of marketing seeks to develop a communication plan that effectively tells the target customers what they need to know about the product or service.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
- Competency 2: Relate the importance of an integrated marketing program to the economic impact of a business.
- Explain how an integrated communication aspect of a company’s integrated marketing program contributes to a company’s economic success.
- Competency 4: Apply effective marketing planning and implementation.
- Analyze a company’s communications strategy.
- Assess potential improvements to a company’s promotional strategy.
- Competency 5: Develop a sales plan.
- Analyze promotional components of a sales approach.
- Competency 6: Evaluate management implications of marketing and sales plans.
- Describe the impact on management from proposed changes in a product’s promotion strategies.
Context
The promotional aspect of marketing should be integrated with the other aspects of the integrative marketing plan in order to provide a coherent message. This includes the entire sales plan—from who will represent the product and how they will be trained and compensated—to what kind of marketing tools they are provided in order to accomplish the sales task.The Assessment 6 Context document contains important information about promotion analysis related to the following topics:- Brands and competitive advantage.
- Consumer behavior and customer relationship management.
- Strategy formulation
Questions to Consider
To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.
- Based on the research you have completed, what is your opinion of the brand equity for REI and its competitive positioning in the marketplace? What competitive factors are in play for REI?
- If you search the Internet for information on customer relationship management (CRM), you will find a wide range of CRM vendor sites. Consider how such a tool might be used, or is used, in the marketplace you work in. If you were to participate in the decision-making process for adopting a CRM vendor, what features would you find most useful?
Assessment Instructions
Analyze the fourth “P,” promotion, for a product or service. You can use the same product you used for the previous assessments, or you can choose another organization, product, or service.Your analysis should cover all the aspects of promoting the product or service, including promoting to the customer and other promotional audiences. Address the following in your analysis:
Communication Strategy
Analyze the company’s communication strategy.
- What are its communication channels and media tools?
- How does the company use social media in its promotion of the product or service?
- Who represents the product or service?
- Explain how the integrated communication aspects of the company’s integrated marketing program contribute to the company’s economic success.
Promotion Strategy
Analyze promotional components of the sales approach (for example, salespeople for an IT product might need to educate the customer about the product as part of the sales cycle).
- Assess the promotion strategy. What works? What does not work?
- How could the promotion strategy be improved?
- Describe how your recommendations regarding the promotion strategy affect management in the company. For example, are there issues related to how and when your recommendations should be implemented?
Additional Requirements
- Written communication: Written communication is free of errors that detract from the overall message.
- APA formatting: Resources and citations are formatted according to current APA style and formatting.
- Font and font size: Times New Roman, 12 point
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