Question
A Marketing Situation Analysis Project should include the following: 1. Background - Brief introduction and history of your brand and its parent company - 5
A Marketing Situation Analysis Project should include the following:
1. Background
- Brief introduction and history of your brand and its parent company
- 5 year trend of sales and profits for the industry, and for your brand, by year (tip:
present data in tables)
-Macro environmental factors impacting your brand and its industry (tip: all the
factors we learned in class apply)
- Market share for the brand and 2-3 key competitors for the most recent year
2. Product
- Product life cycle stage for the brand (based on the historical industry data above)
- Type of product
- Product strategy used
3. Price
- Price range of your brand
- Competitive pricing for 2-3 key competitors (tips: use common units, also, present in a table)
- Marketplace environment
- Pricing objective
- Pricing strategy
4. Place
- Number of locations (tip: include headquarters, manufacturing sites, and locations where your brand is sold)
- Channel structure diagram
- Channel captain
- Type of power used
- Distribution strategy
5. Promotion
- Positioning statement
- Positioning map (tip: include category motivators and plot positions for your brand and 2-3 competitors)
- Promotion objective
- Promotion strategy
- Promotion tools used
6. What would you do differently?
- Present a discussion of how you would alter the situation described above to improve the Marketing effectiveness of the brand.
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