Question
Establish your goal As you prepare to work on your assignment, you need to clearly establish your goal: If you're planning to become an entrepreneur,
Establish your goal
As you prepare to work on your assignment, you need to clearly establish your goal: If you're
planning to become an entrepreneur, professional or artist, then you'll ultimately be
marketing a good or service to potential customers and clients. If, on the other hand, you're a
job seeker and your goal is to find employment with a company or other organization, you'll be
marketing yourself to potential employers. Make sure you're clear as to what your desired
career path is and stick to it for the entire assignment.
How can you tell which perspective to adopt? Here are some guidelines.
You'll be a job seeker if
your paycheque will be signed by someone else
your workload and conditions will be decided by someone else
you'll be reporting to someone else (like a boss!)
You'll be an artist if
the majority of your income will come from the sale of your creative output to individual or
business customers, whatever art form you pursue
You'll be a professional if
the majority of your income will come from the sale of your services - for example,
consulting, dentistry, interior design, personal fitness training - to individual or business
customers services in some cases, you may be self-employed (and thus be like an
entrepreneur) or work for someone else (and thus be like a job seeker)
You will be an entrepreneur if
the majority of your income will come from the sale to individual or business customers of
goods or services for example, owning and operating a restaurant, a landscaping
business, a clothing plant or a communications company that you produce and/or
distribute yourself.
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Part A: My current & future self (20 points)
Question 1 My current self: who am I?
Provide, a quick overview of your current actual self. Write this paragraph so that someone who
doesn't know you, (such as an interviewer, a potential customer, or your instructor!) could get a
sense of what your personality is like.
Question 2 My superpower
What top three strengths do you possess that will make you attractive to potential employers,
customers and/or clients? Focus on the strengths that make you special and/or unique.
Fill out the VIA Strength Finder (provide your results in the appendix of your report):
Via Character Strengths: https://www.viacharacter.org/survey/account/register
For each strength: show how it is a strength using concrete examples in your everyday personal
and/or workplace life. Then, identify the one strength that could be thought of as your most
awesome SUPERPOWER. This is the skill/quality/competency/ability that will set you apart from
your competition and impress clients or employers, so you must nurture as you go forward. It's
the one thing you must make sure to emphasize and put forth in your self-marketing efforts.
Question 3 My Weaknesses
Which top three weaknesses will you need to address as you move to through the exercise of
implementing your personal marketing plan and launching your career? Don't do a surface job
here; drill down and clearly identify three weaknesses that could make you vulnerable to
competitors' efforts. For each weakness, clearly show how these are weaknesses using 2-3
concrete examples in your everyday personal and workplace life.
Question 4 My future self
Close your eyes and visualize yourself, your life and your career in the future. Where do you
see yourself in 12-month after graduation, 3 years after graduation? What have you become?
What type of person are you? What is important to you (e.g., starting a family, discovering the
world, focusing on your career, leisure, hobbies, etc.)? What type of work would you like to be
doing? What industries and sectors therein are attractive to you? What location(s) are attractive
to you; where would you like to live and work?
Part B: Situational analysis of my chosen field (20 points)
Question 5 My industry/sector
Identify and briefly discuss the three most relevant macro or micro-level factors/trends
affecting the opportunities in the specific field that you would like to enter. What environments
and issues, factors and dynamics are influencing your chosen field and thus affecting the
number and types of opportunities therein? Clearly and concisely show the impact of each
factor or trend on your chosen field.
Question 6 My competitors
Against whom will you be competing to get job interviews and offers (or to sell your goods or
services)? Be thorough and show that you can think broadly. Put yourself in the shoes of your
prime prospects and ask yourself how they would go about satisfying their needs and solving
their problems. Make sure to describe 1) direct and main competitors and 2) indirect or
secondary competitors. For each competitor, highlight what they are good at, their main
differentiating quality.
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Question 7 My Opportunities & Threats
What are the two key opportunities that you should explore and leverage as they relate to the
area(s) in which you would like to work? What are the two key threats that you need to be
aware of and address prior to finalizing your marketing objectives?
Question 8 My Window
Give your answers to questions 5 through 7, where do you see a window of opportunity for you
to carve a niche or name for yourself within your chosen field? Where, amidst these
opportunities, threats, factors and trends, could you create a successful career or start to your
career?
Part C: My marketing strategy (20 points)
Question 9 My Objectives
The goals that you create will determine the nature and content of your marketing strategy: your
selection of target markets and how you will appeal to and satisfy your target markets using the
marketing mix. Remember that good objectives should be specific, time-defined, measurable,
and realistic but challenging. They should also be consistent with your overall goals and values,
be in line with your resources and competencies, and appropriate given the external
environment (especially opportunities and threats). Begin the objective-setting process by
reviewing the Situation Analysis that you've completed so far, including your self-assessment.
What you want to do/achieve/become in the 3 years following graduation? Clearly state your
chosen career path (i.e., artist, entrepreneur, professional, or job seeker) and then describe your
overall marketing objective and what you want to do. Be clear and specific. E.g. "Within three
years of graduation, I will have started my own Montreal-based company that will import and
distribute upscale pre-made convenience frozen foods for the foodservice, hotel, restaurant and
institutional markets across Quebec" is clear and focused.
Twelve-month and three-year outlooks: Within twelve months and within three years of
graduating, what type of work would you like to be doing? What job would you like to have?
What industries and sectors within these industries are attractive to you? Be specific.
Region: In which regions (countries, provinces, states or cities/neighborhoods do you want to
work upon graduation? Within twelve months of graduation? Within three years?
Question 10 My Target(s)
Who are you targeting? Who will you be your prime prospects and most likely to buy from you in
the near future to help you meet the objectives you set out above in Question 9? The target
market selection is crucial to the ultimate success of your marketing plan. Be clear on who your
targets will be. Who are your potential employers or clients (organizations and/or individuals)?
What are the relevant characteristics of your target market? Focus on the one or two target
market(s) that are most likely to pay the bills and generate your desired level of sales/income
within the time horizon of your objectives. Describe the key characteristics of the organizations,
clients or individuals that you'll be targeting. If your goal is to find employment with a company
or other organization, then focus on the key characteristics of the employers you'll be targeting
(e.g., industry, size, location, ownership, organization structure, desired benefits, hiring
practices, etc.). If your goal is to become an entrepreneur, professional or artist, then think in
terms of your future customers or clients and describe their demographics, psychographics,
benefits sought, media preferences, and purchase behaviours.
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Question 11 The problem you solve
What problem are your prime prospects hiring you or buying your goods or services to solve? If
you're within a business-to-business context, how can you help your clients make money or
save money? Here you need to show that you can think and feel like your target market. Show
that you understand the benefits that your prime prospects are seeking and that you understand
what a benefit is.
Question 12 MY Value Proposition
Think of yourself or your product as a brand. What will be your brand's "VP" or value
proposition? Remember that a VP is NOT a slogan. It is a clear, concise and compelling
statement of the benefits you promise to deliver to your target(s).
Question 13 MY Marketing Mix
Identify the two most critical Ps to achieve the objectives your outlined in Q9. Make sure
there's a connection and that it's clear: why those two Ps? You need to be strategic and
opportunistic in your thinking here (show you have a "marketing mindset"). Think of the 12 to 36
months after graduation: what aspects of your marketing mix (what Ps) is likely to top your
agenda and mobilize your time and resources to get you closer to your objectives? For each of
those two Ps, outline your objectives, strategies, and then tactics and control measures (making
sure to properly label/identify each one).
.
For Product, what would be your
Objectives: What are your core and augmented products and what are your objectives for
these? Where do you want your product to be in say 3 years? What improvements or
innovations would you tackle?
Strategies: What strategies will you use to attain your product objectives? How will you
develop and/or improve your core and augmented products so that they will satisfy your
target market's needs? Make sure these are strategies, not tactics, and that they're logically
connected to the objectives you outlined above.
Tactics & Control Measures: What tactics will you use to execute your product strategy?
What specific activities will you engage in to put your strategy into action and by when?
What control measures do you intend to use? How will you evaluate your own progress?
For Place, what might be your
Objectives: Where would you like to work upon graduation and in the next three years?
What are the key geographic locations in which to be present in your chosen field? To get a
handle on these questions, research the placescountries, regions, provinces, states,
cities, neighborhoodswhere the markets are strongest and most promising in your chosen
field. If you're an entrepreneur, artist or professional, then your place is where you would like
your product to be accessible to potential clients. If this is to be a physical location (e.g., as
in the case of a location-based service such as a restaurant) then be as precise as possible.
What is your plan B? That is, besides your number one location of choice, what other place
would be appropriate given your chosen path and industry of choice.
Strategies: What strategies will you use to attain your place objectives? If you're going to be
an employee, would studying or working abroad help you attain your place objectives? If
you're an entrepreneur, artist or professional, what strategies will get you closer to achieving
your place objectives? For instance, if you're an artist and you would like to be showcased
and sold in the most prominent gallery in town, what strategies will get you there?
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Tactics & Control Measures: What tactics will you use to attain your place strategies? What
specific activities will you engage in to put your strategy into action and by when? What
control measures do you intend to use? How will you evaluate your own progress?
For Promotion, what might be your
Objectives: Typical objectives include creating awareness, knowledge, liking, preference
and trial. For job seekers, trial could mean securing job interviews, internships and part-time
or contract work. For entrepreneurs, artists, and professionals, this means attracting future
clients and getting them to act by purchasing your good or service. For job seekers,
entrepreneurs, artists, and professionals, this also invites you to think how this portion of
your marketing mix will support your branding efforts.
Strategies: What promotion strategies will you use to attain your promotion objectives?
What strategies will you use to communicate your brand and establish a clear position in
your prime prospects' minds? Which promotional toolspublic relations, direct marketing,
advertising, personal selling, sales promotion, word-of-mouth and electronic/digitalwill
you use?
Tactics & Control Measures: What tactics will you use to execute your promotion strategy?
What specific promotion activities will you use and when? What control measures do you
intend to use? How will you evaluate your own progress?
For Price, what might be your
Objectives: For job seekers, think of how much you would like to be earning upon
graduation and within the next three to five years. For entrepreneurs, artists, and
professionals, think how much you would like to earn personally, and how much your
product (art, service, production output) would be selling for. What is your price objective for
your product? Will that be sufficient to satisfy your personal income objectives?
Strategies: What price strategy will you use to attain your price objectives? With your three
year objectives in mind, how should you price yourself or your product now to reach those
goals, to support your brand and your value proposition? Is your price strategy aligned with
your brand's VP and desired positioning?
Tactics & Control Measures: What tactics will you use to execute your price strategy? What
specific activities will you engage in to put your strategy into action and by when? What
control measures do you intend to use? How will you evaluate your own progress?
Format
Word file
APA style
Title page, table of contents, the actual report, references, appendix
Arial or Times New Roman 12-pt font
Margins set at 1 inch all around
For each section use appropriate headings and sub-headings
You may answer using bullet point
You'll be graded on your clarity, insightfulness, completeness, understanding, conciseness,
cohesiveness, grammar & spelling, professionalism
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