Assignment: Marketing Plan: Product Identification and SWOT Analysis on Ikea

What To Do:

Using the company you selected for your marketing manager internship, you will complete a situation analysis with the goal of identifying a new product/service to develop your marketing plan against.

Guided Response:

Create a minimum 750 word APA style formatted Word document that includes at least 1 scholarly resource from online library in addition to the course text.

Your document should contain paragraphs that cover the following topics:

• A description of your selected company/brand
• The core products/services they offer
• A brief history
• Key current competitors
• A SWOT analysis
• The product or service line you want to develop a marketing plan for and a SWOT based argument for why it warrants marketing investment

See our sample situational analysis (completed for McDonald's) for more details, including minimum lengths by topic.

What Should I Market?

The focus of your marketing plan can be a new product/service idea of your own or an existing product/service that you think deserves its own dedicated campaign. Just don't pick something that you've already seen being actively marketed.

For example, after completing a SWOT analysis for McDonald's, one might propose marketing new concepts like a McVeggie burger or an adult happy meal. Further afield, one might propose a whole new chain of pay to visit indoor McPlayground Centers. Or, relative to existing offerings, one might suggest a dedicated marketing campaign for say "burgers at breakfast" or after midnight snacking via the drive thru.

Lean about your brand and then let your imagination run wild. It can be a big idea that will appeal to many of their customers or a very targeted effort. You decide. You can always adjust your idea after getting instructor feedback.