Free Sample: Marketing assignment paper example for writing essay

Marketing assignment - Essay Example

Assignment Brief: Luxury car makers are one of the most versatile and resilient businesses that struggled and survived through the current economic crisis. Concepts ranging from the fundamentals of advanced marketing strategy, to the principles of services marketing play a major role In determining the way this Industry operates and performs.

The recent changes In consumer purchaser g- power, business distributions, and gee-demographics of the target markets in this industry certainly make it an interesting sector to investigate as part of this assignment. The task is divided into two parts (Part 1 & Part 2) and candidates are expected to address both. Your task is to identify a Global Luxury Car brand; and then analyses, evaluate ND prepare an individual report (3000 words +1- 10%) addressing the following Issues… Artful value creation process [Weighted – 30%] 0 Research, analyses and evaluate the key strengths and weaknesses of their existing marketing strategy [Weighted – 20%] part 2: 0 Using appropriate theories (and real-life/academic case studies) suggest an alternative strategic approach for increasing their market share, profitability, and long term value creation [Weighted – 40%] 10% of the overall mark is awarded for the overall structure, presentation and quality of sources used.

Candidates are encouraged to critically valuate, analyses, and recommend marketing strategies for their chosen company within a specific context of their choice (I. E. I-J, Germany, Malaysia, Trinidad etc. ). For the purpose of this assessment, students need to focus on marketing strategies been used mainly at the BBC level. Your arguments, findings and recommendations should be supported by theories, facts and figures published within academic books, Journal articles, recognized business magazines and market intelligence reports.

Categories Grade Relevance Knowledge Analysis Argument and Structure Critical Evaluation Presentation Reference to Literature Pass 6 – 100% The work examined is exemplary and provides clear evidence of a complete grasp of the knowledge, understanding and skills appropriate to the Level of the qualification. There is also ample excellent evidence showing that all the learning outcomes and responsibilities appropriate to that Level are fully satisfied. At this level it is expected that the work will be exemplary in all the categories cited above.

It will demonstrate a particularly compelling evaluation, originality, and elegance of argument, interpretation or discourse. 76-85% The work examined is outstanding and demonstrates comprehensive knowledge, understanding and skills appropriate to the Level of the qualification. There is also excellent evidence showing that all the learning outcomes and responsibilities appropriate to that level are fully satisfied. At this level it is expected that the work will be outstanding in the majority of the categories cited above or by demonstrating particularly compelling evaluation and elegance of argument, interpretation or discourse. 0 – 75% The work examined is excellent and is evidence of comprehensive knowledge, appropriate to that level are satisfied. At this level it is expected that the work will be excellent in the majority of the categories cited above or by demonstrating 60 – Directly relevant to the requirements of the assessment A substantial knowledge of relevant material, showing a clear grasp of themes, Generally coherent and logically structured, using an appropriate mode of argument and/or theoretical mode(s) May contain some distinctive or independent thinking; may begin to formulate an independent position in relation to theory and/or practice.

Well written, with standard spelling and grammar, in a readable style with acceptable format Critical appraisal of up-to-date and/or appropriate literature. Recognition of different perspectives. Very good use of source material.

Uses a range of sources 50- Some attempt to address the requirements of the assessment: may drift away from this in less focused passages Adequate knowledge of a fair range of relevant material, with intermittent evidence of an appreciation of its significance Some analytical treatment, but may be prone to description, or to narrative, which lacks clear analytical purpose Some attempt to construct a coherent argument, but may suffer loss of focus and consistency, with issues at stake stated only vaguely, or heretical mode(s) couched in simplistic terms Sound work which expresses a coherent position only in broad terms and in uncritical conformity to one or more standard views of the topic Competently written, with only minor lapses from standard grammar, with acceptable format Uses a variety of literature which includes some recent texts and/or appropriate literature, though not necessarily including a substantive amount beyond library texts. Competent use of source material. 0 -? 49% Some correlation with the requirements of the assessment but there is a significant agree of irrelevance Basic understanding of the subject but addressing a limited range of material Largely descriptive or narrative, with little evidence of analysis A basic argument is evident, but mainly supported by assertion and there may be a lack of clarity and coherence Some evidence of a view starting to be formed but mainly derivative. A simple basic style but with significant deficiencies in expression or format that may pose obstacles for the reader Some up-to-date and/or appropriate literature used. Goes beyond the material tutor has provided. Limited use of sources to support a point. Weak use of source material.

Free Sample: Marketing assignment paper example for writing essay

Marketing assignment - Essay Example

Powerful relationships don’t just happen from one-time meeting at network event- you don’t need another pocketful of random business cards to clutter your desk. What you need is a plan to make those connections grow and work for you. And It’s not as hard as you think. Here are five essential tactics: 1. Build your network–let’s your sales lifeline. Your network includes business colleagues, professional acquaintances, prospective and existing customers, partners, suppliers, contractors and association members, as well as family, friends and people you meet at school, church and in your community.

Contacts are potential customers waiting for you to connect with their needs. Networking Is a long-term Investment. Do It right by adding value to the relationship, ND that contact you Just made can really pay off. Communicate Like your business’s life depends on it. 2. Communication is a contact sport, so do it early and often. Relationships have a short shelf life. No matter how charming, enthusiastic or persuasive you are, no one will likely remember you from a business card or a one- time meeting.

One of the biggest mistakes people make is that they come home from networking events and fail to follow up. Make the connection Immediately. Send a “nice to meet you” e-mail or let these new contacts know you’ve added them to your swelter list and then send them the latest copy. Immediately reinforce who you are, what you do and the connection you’ve made. 3. E-mail marketing keeps relationships strong on a shoestring budget. Build your reputation as an expert by giving away some free insight. You have interesting things to say!

An easy way to communicate is with a brief e-mail newsletter that shows prospects why they should buy from you. For Just pennies per customer, you can distribute an e-mail newsletter that Includes tips, advice and short Items that entice consumers and leave them wanting more. E-mail marketing Is a cost-effective and easy way to stay on customers’ minds, build their confidence in your expertise, and retain them. 4. Reward loyal customers, and they’ll reward you. According to global management consulting firm Pain and Co. A 5 percent increase in retention yields profit increases of 25 to 100 percent. And on average, repeat customers spend 67 percent more than new customers. So your most profitable customers are repeat customers. Are you doing enough to encourage them to work with you again? Stay In touch, and give them something of value in exchange for their time, attention and business. It doesn’t need to be too much; a coupon, notice of a special event, helpful insights and advice, or news they can use are all effective. 5.

Loyal customers are your best salespeople. So spend the time to build your network and do the follow-up. Today there are cost effective tools, like e-mail marketing, that make this easy. You can e-mail a simple newsletter, an offer or an update message of Interest to your network (make sure It’s deliver value back to you with referrals. They’ll hear about opportunities you’ll never hear about. Customer equity represents an attempt by businesses to measure the Roth of all of their customers throughout their lifetimes.

A company that establishes a strong customer base and builds a strong relationship with that base is poised to do well in the ultra-competitiveness business world. This approach represents a shift in thinking away from marketing strategies that are focused on the products that a company sells. The three main prongs of the customer equity approach are measuring how much value a customer perceives he receives from a company, assessing how much a company’s brand resonates with a customer, and determining owe well the company retains customers throughout their lifetime.

In the modern business world, creating a new approach to developing business is a difficult task. Most attempts to try and shine a spotlight on the products or services that a company offers have been tried many times over and may not impress customers anymore. As such, many companies instead start with the customers, developing a relationship first before trying to push their products. The worth of the customer base a company has built to the company represents its customer equity.