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5. Marketing Strategy (S, T, D and P) and Recommendations (20 marks) This section outlines the proposed segmentation, targeting, differentiation and positioning of the innovative

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5. Marketing Strategy (S, T, D and P) and Recommendations (20 marks) This section outlines the proposed segmentation, targeting, differentiation and positioning of the innovative product/service and should be forward looking. Target market segments should be clearly defined. The product should be clearly differentiated from its competitors and a positioning statement must be recommended. 6. Marketing Mix (the 4 P's) and Recommendations (20 marks) This section outlines the recommended Mix - Product, Place, Price and Promotion - for the innovative product/service. Product branding, packaging, labelling and support (augmented) services should be succinctly and clearly described. A recommendation on strategy for sustaining the product life is well made. Channel types and levels need to be described with a clear diagram. A recommendation on a more effective channel shows relationship of product to market to channel. The pricing strategy (one of the 5 main) is to be defined with examples. Promotion analysis use examples to outline the Theme and Appeal of future promotions

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