Question:

Using the same company you chose for your Week 2 assignment, choose a product or service the company offers on which to focus.

Identify the important attributes for your chosen product and select two key variables for your perceptual map.

Prepare a perceptual map for your chosen product/brand and using a minimum of seven competitors, rank each product/brand on the two variables based on how they are positioned in the consumers' minds.

Explain why you placed each competitor on its particular spot on the map, and how you might strengthen your chosen product/brand's position in the minds of the target market.

Create an 8- to 10-slide Microsoft PowerPoint presentation with notes including the following:

• Develop a Summary slide.
• Explain the target market (be specific and address all four segmentation variables - demographic, geographic, psychographic and behavioral).
• Identify a Perceptual map.
• Explain the Map placement.
• Identify your references.

Format your assignment consistent with APA guidelines.

I have attached the professors template for the ppt and my paper from last week for reference.

I have attached my paper the presentation is to be based on as well as the powerpoint template

Perceptual Map for [Product] Positioning for [product] [Name] Positioning Presentation MKT/421 WKe Faculty: [Name] 03/13/16 Name 1 Perceptual Map for [Product] Introduction Presentations need the same document elements as a paper, including an introduction, conclusion, and header elements. Tips for preparing a good introduction Capture your audience's attention with a \"hook.\" Indicate what the presentation is about. Explain how you will approach the topic. Refer to the 5-paragraph tutorial from Writing Wizards in the Tutorials & Guides section of the Center for Writing Excellence for more information about writing introductions. 03/13/16 Name 2 Perceptual Map for [Product] Definitions Use this section to define the basic concepts you will cover in the presentation to lay a foundation that will support your analysis and recommendations. Key sources include: Chapter 9 of Kerin, Roger A., Hartley, Steven W., & Rudelius, W. (2015). Marketing, 12th ed. McGraw-Hill Education. New York: NY. Key concepts to explore Positioning Competitive analysis SWOT analysis Perceptual mapping Make sure you cite your sources on your slides and in the Speaker's Notes Meet academic standards Enhance the credibility of your analysis and recommendations 03/13/16 Name 3 Perceptual Map for [Product] Perceptual mapping Define perceptual mapping. Explain the process of perceptual mapping. Explain how you will apply this process to create the perceptual map for your product. Identify the two product attributes you will use to compare competing products. Explain why you selected those attributes. List the key competitors in the product category. Allocate scores for each product using the attributes you selected. Cite your sources. 03/13/16 Name 4 Perceptual Map for [Product] [EXAMPLE: DELETE THIS SLIDE] Perceptual map to reposition Milk Chug for adults Jim Beam Latte Red Bull Age: Child or Adult Nestea XYZ OJ Milk Chug Muscle Milk Instructions: Using the \"Text Box\" icon, place the name of each product where customers perceive it in comparison to others V8 Hershey's Kool Aid Nesquik Nutrition: Low to high (Kerin, Hartley, & Rudelius, 2015, pg. 241-242; Dawar & Bagga, 2015) 03/13/16 Name 5 Perceptual Map for [Product] Perceptual map for [product] Attribute 1 Attribute 2 03/13/16 Name 6 Perceptual Map for [Product] Analysis Explain the placement of each competitor. Based on your analysis, make recommendations for positioning your product using one of the approaches explained in Chapter 9 of Kerrin, Hartley, & Rudelius (2015). Head-to-head Differentiation From your analysis, what is the positioning statement that emerges? Tips: Kerrin, Hartley, & Rudelius (2015), pg. 242 includes a sample analysis and perceptual map that positions a chocolate milk product for adults. Use this as a model for the analysis of your product. 03/13/16 Name 7 Perceptual Map for [Product] Conclusion Consider the conclusion like the closing argument in a jury trial. Summarize key concepts as \"proof\" to support your analysis and recommendations. Summarize what you have intended to communicate in the presentation. Leave the audience with a final thought or challenge. 03/13/16 Name 8 Perceptual Map for [Product] References cited Use at least 3 references to course material to support your marketing concepts and recommendations. The assignment provides two: Dawar, N., & Bagga, C. K. (2015). A Better Way to Map Brand Strategy. Harvard Business Review, 93(6), 90-97. Kerin, Roger A., Hartley, Steven W., & Rudelius, W. (2015). Marketing, 12th ed. McGraw-Hill Education. New York: NY. Cite the sources you used to get information about the products you selected. Possible sources include: Company website SWOT database in the library For the purposes of this and other assignments in the course, your client (me) requires that you develop your deliverables using APA style and attributions Your organizations and clients will likely have their own styles they require you to use; so, get in the habit of learning and applying specific styles for each situation. 03/13/16 Name 9 Perceptual Map for [Product] Presentation tips When you finish your slides, record your presentation using the \"Record Slide Show\" feature under the \"Slide Show\" tab. Record your slide show in PowerPoint> Include your presentation script in the Speaker's Notes for each slide. To edit the Master Slide elements: View > Master View > Slide Master Edit the name, title, and background elements as necessary. You're welcome to apply your own creative flare to the slides; but, focus on the content and substance. don't waste too much time on fluff Always design within the Microsoft framework; if you find yourself doing things manually, you're likely doing things wrong Make sure you delete the instructions. 03/13/16 Name 10