Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Marketing Management Expert

Instructions:

Choose a company and product line big enough to have a professional website and plentiful information through multiple sources, but small enough to analyze properly.

For example, Universal Studios as a division of parent Company Comcast is too big, but Universal Studios Theme Parks (subsidiary) and Orlando's Islands of Adventure (product example) is perfect. Network television as a division of parent company Disney is also too big, but ESPN (subsidiary) and Sports Center (product example) works better.

The only time you will need to talk about the parent companies, such as Comcast and Disney, is when you provide a brief history and look up financial information. The rest of your research will be on the subsidiary brand you chose, its product lines, specific product examples, and specific competing products.

COMPANY/FINANCIAL

A publicly traded company is one that sells shares of the company to investors on stock exchanges. The value of the shares and the company's income must also be reported publicly, making it easier for you to find the information. View the video, "Determining if a Company is Public or Private" below.

Give a brief history of your brand's publicly traded parent corporation and talk about its current position. Also, a fact or detail from the past could be important to current operations.

Include the five metrics listed on the template: Year-over-year increase or decrease in stock price, comparison of stock price to the larger market, and the most recent year's net income, net profit margin, and debt to assets ratio. For step-by-step help, see "Financial Information Source" attached below.

Elaborate on the corporate structure and ownership. Focus mostly on what is happening today. Again, you will research the parent company only for financial and background information. All other research will be on the subsidiary brand and product you have chosen.

BUSINESS

What are the main product or service lines the company offers? What is a specific example of a product or service within each line? Include a description of the product line or the product as needed. Remember, your audience may not know if a product name refers to a video game, television show, album, etc.

Your eventual recommendations to the company in Week 4 will focus on a single product or service line. The product/service line on which you focus may change based on your continued research and that's okay. Your recommendations should always fit the research, not the other way around.

TARGET MARKET

Describe the type of customers, or market segments to whom the company's products/service examples appeal. Be specific. For instance, "Worldwide music lovers of all ages" is too broad. "Electronic Dance Music fans age 17-24 in North America" is much better. Substantiate your assertions with some kind of market research data that you find.

Be resourceful. There probably will not be an article that tells you exactly what you want and the way you want it. Make sure these are the product/service examples you've chosen to focus on in your research. See the attachment, "Market Segmentation Recap" for help.

COMPETITION

Who are your competitors? Name at least three competitors that offer similar products, appeal to similar customers, and are the same type of company. Compare Business Product/Service 1 to Competitor Product/Service A. Rank them by finding and using any one metric to assess their comparative success.

For instance: revenues, profits, ticket sales, number of users or attendees, awards, or rankings by credible reviewers, etc. Avoid using stock price as a metric. See template for more. As you continue to research your brand, what else besides direct competitors do you think might compete for your customers cash and attention?

SUMMARY FINDINGS

Research leads to findings. Summarize your findings so far in 2-3 well developed paragraphs. Describe your findings (data), and note whether it was significant or not. Reference the company or division's structure, market position, size, financial standing, products and competition.

This is also a good place to note anything else about your brand that seems important but does not specifically fit into one of the above sections.

Avoid editorializing: (XYZ is sure to dominate the competition for years to come!). Try to be objective in your description. Use both quantitative and qualitative data from your research.

Marketing Management, Management Studies

  • Category:- Marketing Management
  • Reference No.:- M92637472

Have any Question?


Related Questions in Marketing Management

Question advertising creativity is viewed as the ability to

Question: Advertising creativity is viewed as the ability to generate unique and appropriate solutions to communication problems. This definition suggests that a creative ad is one that is not only novel but also relevan ...

Question carefully explain what is happening in the

Question: Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply, price and quantity: (i) A U.S. car manufacturer has produced a lot of SUVs, but now is having difficul ...

Assessment descriptionthis assessment is a culmination

Assessment Description This assessment is a culmination piece, in which you will be given an opportunity to combine the information you have accumulated in Assessments 1 and 2. More importantly, you will need to showcase ...

Question digital storytelling is a popular phrase and

Question: Digital storytelling is a popular phrase and component of IMC right now. At the root of PR 101 is storytelling. That is, how do you make your product or person or organization which you are pitching to reporter ...

Question research identify and discuss what the marketing

Question: Research, identify, and discuss what the marketing mix is as well as why it is important to a business. The requirements below must be met for your paper to be accepted and graded: • Attempt APA style, see exam ...

Quesiton watch the videob pinkberry and answer the

Quesiton: Watch the video,B Pinkberry, and answer the following questions: • How would you update the personality of the brand to reinvigorate Pinkberry? Provide a rationale for your answer. • Determine the most viable t ...

Question respond to the followinghow has the internet

Question: Respond to the following: How has the internet affected marketing research? As a part of your answer address time, cost, approaches, or validity. The response must be typed, single spaced, must be in times new ...

Question we chose ford to market a devise that will alert

Question: We chose Ford to market a devise that will alert you if you accidently left the child in the car. 1. A report with the final Marketing Plan that includes the three previous drafts, attached as an MS Word file. ...

Question respond to your discussion topics after you have

Question: Respond to your Discussion topics after you have completed your reading. As one of the more popular tools in marketing research, surveys have become automated. These on-line surveys address various types of dat ...

Question people feel better when they think they are

Question: People feel better when they think they are getting a great bargain when they shop. Knowing this, some retailer's markup items above the traditional retail price and then offer a 60 percent discount. If they ha ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As