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MG412 Principles of Marketing Assignment Help
Assignment Brief AcademicYear2023-24
Module code and title: | MG412PrinciplesofMarketing | Module leader: | Sanzida Kamal |
Assignment No.and type: | CW2BrandExtensionReport | Assessment weighting: | 50% |
Submission time and date: | 26thJanuary2024before 2 pm.
Note: For quality assurance and moderation purposes, all presentations will be recorded.
Copy of the slide deck of the group presentation and group log must be included in the Appendices section of the report. | Target feedback time and date: |
3weeksaftersubmission deadline |
Assignment task |
Working in smallteamstodevelopa10-minutegroup presentationforanewbrandextension, youwillthen need to submit a group co-authored 1000 word report explaining the new brand extension and justifying why it will be successful. Agrouplogdetailing individualcontribution andacopyoftheslidedeckmustbeuploadedinthe appendix of the report submitted to Turnitin via LSST Connect. As a team you need to select an existing brand (you may choose one of the brands from the CW1 assignment orabrandof yourownpreference)and developan ideaforanewbrandextensione.g.Dove toothpaste. This is partly a creative exercise, but it must be based on thorough research into:
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Internalapproval:AnhNghiem,11thSept2023
This will involve academic research, secondary research and competitor research in store. It may also involve small scale primary research to establish whether your new brand extension finds acceptancewithyourchosentargetmarket.However,forthisassignment,markswillbeawardedforthe results of the primary research, not a full description of the process of carrying it out.
Conducting the Research
Academic Reading
You need to ensure that you have read, at the very least, chapters 6, 9 and 10 in Brassington and Pettitt’s“EssentialsofMarketing”andtheBBsourcematerialsavailableonKapferer’sBrandIdentity Prism in Key links.
Secondary Research
You will need to make reference to appropriate secondary data bases eg Mintelreportsaswellas the company’s website and press articles about the existing brand. You should also try to find information about the brand’s values and existing target market. Additionally you will need to research current issues in the marketing environment (PESTEL analysis) that potentially could impact on your new product introduction.
Competitor Research
Youwillneedtolookattheexistingproductsinthenewsuggestedmarkettoensurethatyournew brand could compete effectively (e.g. with Dove toothpaste you will need to consider Colgate and Aquafresh).
10minuteGroupPresentation-30%Weighting.
Pleasenote,forqualityassuranceandmoderationpurposes,allpresentationswillberecorded.
A10-minutePowerPointpresentationwithanadditional5minuteQ&Asession. The presentation needs to cover the following points
- Backgroundonthechosenbrandincludeusefuldatasuchasmarketshare,marketsizeandtrends in sales.
- Coverage of the existing brand values supported with use of visual examples. eg advertising campaigns, company’s web site, sponsorship activities etc.
- Abriefexplanationofthenewbrandextensionproductwithreferencetowhatgrowthstrategythe brand is adopting. (Ansoff).
- Clearidentificationoftheproposedtargetmarketforthenewbrandextension (include any primary data results if undertaken).
- AnykeytrendsandPESTELissuesthathaveinfluencedyourchoiceofbrandextensionidea.
- A comparative analysis of your suggested brand extension with any key competition identified in the new market sector.
- A Visual Image of the Brand Extension showing brand name, packaging design and logo .You also need to consider how your brand extension will be distinct from competing products.
GroupReport-70%Weighting
Thereportisasupportingdocumenttothematerialspresentedaboveandyouneedtoinclude asound academic framework to the discussion.
We suggest that you adhere to the following headings for your reports:
Executive Summary
THISISWRITTENLAST(because it is a summary of your research)BUT IT APPEARS FIRST(even before the contents page),in order to catch the attention of the reader an decourage the to read further . It should cover in one page or less:
- The aims of the report,
- The methods of research,
- The results (top-line summary only),
- Conclusions.
Contents Page(Use the feature in Word to do this automatically) Introduction
This should be quite brief. It should include the aims of the report and some background on the chosen brand. Include useful data such as market share, market size and trends in sales, which you can find from the most recent Mintel reports and in the trade press.
Methodology
A simple statement of howtheresearchwascarriedout.Thisisparticularlyimportantintermsof competitor research, observational research, or primary research if you included it. Ideally you should critique whether your data is sufficient to justify your conclusions.
Findings
Itissuggestedthatyouusesub-headingstomakeyourreporteasiertofollow.Youcouldadoptthefollowing headings:
- ExistingbrandandBrandValues-coveragetoincludekeyacademicdefinitionsexplainingwhatis a brand, the concept of a brand extension and a detailed examination of one academic model on branding. (i.e. Kapferer’sBrand Identity Prism).
- Description of the Target Market – a detailed description of the TA for the new brand extension supported by reference to secondary sources e.g. Mintel and TGI supported by academic coverage of STP marketing planning process.
- Analysis of the New Market, Including Trends – PESTLE analysis and Ansoff’s Grid in the discussion of the growth strategy adopted.
- An Explanation of the New Product (Tauber’s Brand Extension Options, product packaging, the choice of a brand name and brand positioning).
- Competition – a comparative analysis of your suggested brand extension with any competition identified in the new market sector (this should be tabulated).
You should try to put relevant raw data in the appendices and just include a summary in the body of the report.Everytimeyoustateafacte.g.marketsize,pricedata,salesetc.youmustprovideareferenced
Thisassignmenthasbeendesignedtoprovideyouwithanopportunitytodemonstrateyour achievement of the following module learning outcomes: |
LO2 DemonstrateknowledgeofSTPmarketingplanningprocess. |
LO3 Identifythekeycomponentsofthemarketingenvironment. |
LO4 Identifyresearchrequirementstobegintosolveabusiness/marketingprobleminacompany. |
Practicalities:Referencing,presentingandsubmittingyourwork |
Pleaseseeyourprogrammehandbook forinformation onthestandardreferencingstyle,presentational requirements and process for submitting your work. |
Confidentiality |
Youareexpectedtotakeresponsibilityformaintainingandmanagingconfidentialityissuesinyourwork. You should maintainand respect confidentiality inrelation to theprotectionof personal,technicaland/or commercial information of a sensitive nature in your assessed work, whatever the format. Forfurtherinformationandguidance,pleaseseetherelevantsectioninyourprogrammehandbook. |
Academicintegrity |
Academicintegritymeanstakingresponsibilityforyourownwork. |
Whenyousubmitanassignment, youare makingadeclarationthatitisyourown workand thatyouhave acknowledged the contribution of others and their ideas in its development (for example, by referencing them appropriately). Forfurtherinformationandguidance,pleaseseethe Universitywebsite:https://www.bnu.ac.uk/current-students/registry-helpdesk-and-academic-advice/academic-integrity-and-misconduct |
PresentationWeighted30%
0-34(F)– Fail Not successful | 35-39E– Marginal fail Belowrequired standard | 40-49(D) Pass Satisfactory | 50-59(C) Pass Good | 60-69(B) Pass VeryGood | 70-79(A) Pass Excellent | 80-100(A+) Pass Outstanding | |
Knowledge and understanding20% This should include evidence of:
| Work demonstrates a limited and/or substantially inaccurate or no understanding ofthe underlying concepts and principlesassociatedwithSTP marketing or brand extension as a growth strategy. There is little or no demonstration oftheabilitytoidentify principles and conceptsunderlying theoretical frameworks and approaches. | Work demonstrates insufficient understanding ofthe underlying concepts and principlesassociatedwithSTP marketing andbrand extension asa growth strategy. There is insufficient demonstration oftheabilitytoidentify principles and conceptsunderlying theoretical frameworks and approaches | Work demonstrates a basic understanding ofthe underlying concepts and principlesassociatedwithSTP marketing andbrand extension asa growth strategy. There is sufficient demonstration oftheabilitytoidentify principles and conceptsunderlying theoretical frameworks and approaches. | Work demonstrates asoundbreadthand depth of understandingofthe underlying concepts and principles associatedwithSTP marketingandbrand extension as a growth strategy. There is a sound demonstrationofthe ability to identify principles and concepts underlying theoretical frameworks and approaches. | Work demonstrates a refined understanding ofthe underlying concepts and principlesassociatedwithSTP marketing andbrand extension asa growth strategy. There is a sophisticated demonstration oftheabilitytoidentify principles and conceptsunderlying theoretical frameworks and approaches. | Work demonstrates a highly accomplished understanding ofthe underlying concepts and principlesassociatedwithSTP marketing andbrand extension asa growth strategy. There is a highly accomplished demonstration oftheabilitytoidentify principles and conceptsunderlying theoretical frameworks and approaches. | Work demonstrates an exceptional understanding ofthe underlying concepts and principlesassociatedwithSTP marketing andbrand extension asa growth strategy. There is an exceptional demonstration oftheabilitytoidentify principles and conceptsunderlying theoretical frameworks and approaches. |
Researchskills 20%. Thisshouldinclude evidence of:
| There is little or no evidenceofreading of the core academic texts or theutilisationofkey secondary sources There is little or no evidenceofwider reading. | There is limited evidenceofreading of the core academic texts or theutilisationofkey secondarysources. Widerreadinglacks relevance. | Evidenceofreading largely restricted to core texts and only partially integrated. Some utilisation of recommended key secondarysources. Wider reading is relevantbutlimited | Wider reading is largely limited tocore texts but has clearlyenhancedthe work. Utilisation of key secondarysources noted. | Wider reading shows a range of sourcesbeingused and applied, some of which are independently selected. Reference to key academictextsand | Applicationofwider independent reading is fully evidentinthework. Effective reference to key academic texts and the utilisation of key | Application of extensive independent readingisevident throughout the work. Highly effective reference to key academictextsand |
0-34(F)– Fail Not successful | 35-39E– Marginal fail Belowrequired standard | 40-49(D) Pass Satisfactory | 50-59(C) Pass Good | 60-69(B) Pass VeryGood | 70-79(A) Pass Excellent | 80-100(A+) Pass Outstanding | |
| There is little or no evidence of observationalpricingresearchand primary results in support of feasibility of brand extension idea | Very limited utilisation of observationalpricingresearchand primary results in support of feasibility of brand extension idea | andonlypartially integrated. Satisfactory utilisation of observationalpricingresearchand primary results in support of feasibility of brand extension idea | Wider reading is relevant and only partiallyintegrated. Good utilisation of observationalpricing research and primary results in support of feasibility of brand extension idea | theutilisationofkey secondary sources noted. Widerreadingis relevant and integrated. Verygoodutilisation of observational pricingresearchand primary results in support of feasibility of brand extension idea | secondarysources noted. Wider reading is relevantandfully integrated. Excellent utilisation of observational pricingresearchand primary results in support of feasibility of brand extension idea | theutilisationofkey secondary sources noted. Wider reading is relevantandfully integrated. Outstanding utilisation of observationalpricingresearchand primary results in support of feasibility of brand extension idea |
Analysis and Criticality20% Thisshouldinclude evidence of:
| Workdemonstrates a limited or no ability to develop lines of argument and make judgements in accordance with basic theories and concepts, evidenced by:
| Work demonstrates aninsufficientability to develop lines of argumentandmake some sound judgements in accordance with basic theories and concepts,evidenced by:
| Work demonstrates a sufficient abilityto develop lines of argumentandmake largely sound judgements in accordance with fundamental theories and concepts,evidenced by:
| Work demonstrates well-developedlines of argument and sound judgements madeinaccordance with fundamental theories and concepts,evidenced by:
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| Work demonstrates exceptionally accomplished development oflinesofargumentas well assophisticated and independent judgementsmadein accordance with fundamentaltheories and concepts,evidenced by: |
0-34(F)– Fail Not successful | 35-39E– Marginal fail Belowrequired standard | 40-49(D) Pass Satisfactory | 50-59(C) Pass Good | 60-69(B) Pass VeryGood | 70-79(A) Pass Excellent | 80-100(A+) Pass Outstanding | |
for the new brand extension or identification and analysis of thekey competition in the newmarketsector.
| marketforthenew brandextensionor identification and analysis of thekey competition in the newmarketsector.
| keyPESTELissues affectingthemarket for the new brand extension or identification and analysis of the key competition in the new market sector.
| brandextensionor identification and analysis of thekey competition in the newmarketsector.
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Transferable skills. Presentationskills30% Thisshouldinclude evidence of:
| Demonstrateslimitedornoabilityin verbal communication is unclear(pace,pitch, clarity and enthusiasm) and no attempt in presentationdesign withnostructureand no attempt to | Demonstrates an insufficientabilityin verbal communication (pace,pitch,clarity and enthusiasm) and insufficient presentation design withnostructureand noattemptto | Demonstrates a sufficientabilityin verbal communication (pace,pitch,clarity and enthusiasm) and basic presentation design withsomeattemptto provide structure andmay/maynot | Demonstrates consistent and confidentabilityin verbal communication (pace,pitch,clarity andenthusiasm)and presentationdesign withsomestructure and attempt to | Demonstrateshigh proficientabilityin verbal communication (pace,pitch,clarity and enthusiasm) and sophisticated presentationdesign withclearstructure and support well with visual aids. | Demonstrateshighly accomplishedability in verbal communication (pace,pitch,clarity and enthusiasm) and sophisticated presentationdesign withclearstructure and support with excellentvisualaids. | Demonstrates exceptionalabilityin verbal communication (pace,pitch,clarity and enthusiasm) and sophisticated presentationdesign withclearstructure and support with |
0-34(F)– Fail Not successful | 35-39E– Marginal fail Belowrequired standard | 40-49(D) Pass Satisfactory | 50-59(C) Pass Good | 60-69(B) Pass VeryGood | 70-79(A) Pass Excellent | 80-100(A+) Pass Outstanding | |
fluencyofmaterials presented
| support with visual aids, all texts.
Major issues with punctuality, time- management and a confused response to questions asked.
Workdemonstrates limited or no ability to work effectively with others in relation to a team effort. | supportwithvisual aids, all texts.
Minorissuesnoted with punctuality, time-management and a somewhat confusedresponse to questions asked.
Work demonstrates aninsufficientability to work effectively with others in relation to a team effort | supportwithvisual aids.
Demonstrates a sufficientabilityin punctuality, time- managementanda satisfactoryabilityto respond and handle questions reasonably. .
Work demonstrates a sufficient ability to work effectively with othersinrelationtoa team effort | supportwithvisual aids.
Demonstrates consistent and confidentabilityin punctuality, time- managementanda good ability to respondandhandle questionsreasonably.
Work demonstrates a good ability to workeffectivelywith othersinrelationto a team effort |
Demonstrates high proficient ability in punctuality, time- management and a very good ability to respond and handle questions asked.
Workdemonstrates a very good ability to work effectively with others in relation to a team effort |
Demonstrateshighly accomplishedability in punctuality, time- managementandan excellent ability to respond and handle questions asked.
Workdemonstrates an excellent ability to work effectively with others in relation to a team effort | outstanding visual aids. Demonstrates exceptionalabilityin punctuality, time- managementandan outstandingabilityto respond and handle questions asked.
Workdemonstrates an outstanding ability to work effectively with othersinrelationto a team effort |
Applicationandpractice. 10% Thisshouldinclude evidence of:
| No visual included oralimitedabilityto use a range of creative and/orartisticskills noted in the visual of the brand extension product | Aninsufficientability to use a range of creative and/orartisticskills noted in the visual of the brand extension product | Satisfactoryrange of creative and/orartisticskills noted in the visual of the brand extension product | Goodrangeof creative and/or artistic skills notedinthevisualof the brand extension product | Verygoodrangeof creative and/orartisticskills noted in the visual of the brand extension product | Excellent range of creative and/orartisticskills noted in the visual of the brand extension product | Outstandingrange of creative and/orartisticskills noted in the visual of the brand extension product |
0-34(F)– Fail Not successful | 35-39E– Marginal fail Belowrequired standard | 40-49(D) Pass Satisfactory | 50-59(C) Pass Good | 60-69(B) Pass VeryGood | 70-79(A) Pass Excellent | 80-100(A+) Pass Outstanding | |
will be distinct from competingproductsin the sector |
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