Module 8: Portfolio Project

You have a choice between two Portfolio Projects. Do not do both projects. Identify your Portfolio Project choice in the title of your document. When you are ready to submit, go to the Module 8 folder to upload your Portfolio Project. The milestone in week 5 for either project choice will apply to your final portfolio grade.

Option : Marketing Plan for a Company or Product/Service

Your final portfolio for the class will be to create a marketing plan for an existing company and product/service of your choice. If you are choosing a large global company, you MUST create a new product. However, this new product may be an upgrade of an existing product.

You will need to select a company that you have not used for your other assignments in the class. Your plan information should address all areas covered in this course for a marketing plan.

The library's page on Company Research can help you get started. The library database Gale Virtual Reference Library has a number of Business books to help identify a target market.

Use the marketing plan that is a required reading for this module for your final portfolio project, as a broad guide. The marketing plan document is essential to business strategy and is a focal point of this introductory class. The essential information of a marketing plan is outlined in this document and will serve as the blueprint for your portfolio project due this week.

Below is the outline to be followed for this assignment:

Executive Summary: This provides everything a busy executive needs to know to invest (or not) in your proposal. It captures your key proposal and recommendations/decision factors, and projected outcomes of the plan's recommendations. Note this is not an introduction to the marketing plan. Typically, this is written after the entire marketing plan has been compiled. (1/2 page)

Company Overview (1/2 page)

Situational Analysis (includes a SWOT analysis): Identify at least two significant factors for each of the 4 SWOT components. Identify
applicable trends that are statistically supported.

Competitive Analysis: Create a comparative chart and discuss key aspects. (1-2 pages)

Identify Objectives or Goals: Briefly describe your proposal... describe what's new and why. What is the opportunity to be addressed or the problem to be solved? (1/2 page)

STDP Segmentation: Define and explain why this is needed; explain the segmentation approach (such as the use of demographics) and name market segments.

Targeting: Define and explain why this is needed and estimate the size your target market.(1 page)

Marketing Strategy and Positioning: Explain and support your marketing mix component decisions (4Ps), using academic concepts and academic reference sources. Discuss whether your company has a competitive advantage in each section of the marketing mix (4Ps).

Grade: N/APositioning: What do you want your customer to think of when regarding your brand, product, proposed product? Take an analytical approach to this section. Create at least one perceptual map (as applied to differentiation or positioning). (1 page)

How will Marketing Research be used to support the planning, implementation, and monitoring process? What research methodologies will be used? Add a sub-section on ethical and/or legal factors, plus a CSR (corporate social responsibility) strategy summary. (1 page)

Financial Projections: Present a summary spreadsheet. For example: years 1, 2 and 3 units sold, sales volumes. Estimate marketing expenses for promotions/advertising. What is the projected timeline of the product life cycle's introduction and growth stage? (1 page maximum)

Implementation Plan: Identify specific tactics and steps that will be taken (primarily focused on distribution, marketing communications, promotion, PR, for example). Create a chartdepicting your advertising/promotion plan with actions, time frame, media choice, for example. Include a Marketing Plan.

Technology sub-section: How will marketing technology be used throughout the marketing process: marketing research, communications, promotions, monitoring, for example? (1 page)

Evaluation and Control Metrics: How will you monitor progress of outcomes in your plan? How will you define and measure success? Connect these to your objectives and goals. (1/2-1 page)

Conclusion (1 paragraph)

Other:

The following are requirements for your portfolio project:

8-10 Word pages in the body of the paper. Estimated page counts are listed above in each section.

Use APA format! Do not enumerate the sections-use regular APA heading format and please use plenty of headings and sub-headings according to CSU-Global Guide to Writing and APA Requirements. Develop full paragraphs and full sentences.

Apply marketing models, theory, terminology, and concepts throughout the plan.

A minimum of 6 references (in addition to course materials like the textbook or articles). At least 2 of these being peerreviewed articles. The CSU-Global Library is a good place to search for credible, scholarly sources.

READ THE PORTFOLIO PROJECT RUBRIC IN DETAIL (preloaded into the course website). Note that there are additional aspects that need to be addressed, such as applying critical thinking.

Module 5: Portfolio Milestone

Portfolio Project Milestone

Choose one of the following two assignments to complete this week. Do not do both assignments. Identify your assignment choice in the title of your submission. When you are ready to submit, go to the Module 5 folder to upload the document.

Option #1: Deliverable: Marketing Plan Outline

Submit an outline of your marketing plan to instructor for review and feedback. Be sure to include the following in your plan:

Executive summary

Company overview

Situational analysis

Objectives or goals, usually according to strategic plan and focus

STP (market/product/customer) analysis

Marketing mix

Financial projections

Implementation plan

Evaluation and control metrics

Module 5: Discussion Forum

Identify a product that you think you have paid either too little for or too much for.

Identify the pricing strategy you think the company is trying to implement (based on the assigned reading) and evaluate the effectiveness of the strategy.

Use at least two sources to justify your answer.

You should also use outside research (at least two sources), evaluate the effectiveness of the strategy, and address the competitor's response to the pricing decision.

Your responses in the discussion board must be well written according to CSU-Global Guide to Writing and APA Requirements. The CSU-Global Library is a great place to find resources.