Question
Students will carefully select a business (or non-profit) headquartered (or founded) in the BC Lower Mainland. Each team will prepare a market analysis and marketing
Students will carefully select a business (or non-profit) headquartered (or founded) in the BC Lower Mainland. Each team will prepare a market analysis and marketing plan for a specific product (or service) provided by this business.
A. Title page: Blenz Coffee
B. Table of Contents
C. Executive Summary: Provide a brief, high level overview of your report.
C-suite executives will have <5 minutes to read your report. What do they need to know to make a sound decision? In 1 page or less (ideally 300-500 words), convey the purpose of the document (why its important), the scope and focus of the report, the key points, conclusions, and recommendations
D. Organization and Product Overview:
Organization description
Whats the nature of the business: What do they offer and who do they serve? Brief history, structure, size, culture, vision, mission, goals/objectives, etc. Key stats: sales, number of locations, growth trends.
Product(s) description
What is the product/service, why would someone buy it, what are some unique features of your product/service, what makes it distinct, etc.
E. Market Analysis: What do we need to know?
E 1) Market Definition:
Potential (size, value, location)
Buyers and distribution channels
Key supplier(s) attributes & process(es)
E 2) Competitors:
Existing competitors, new entrants, substitute products, positioning and perceptual maps, size, location, positioning etc. of competitors
Environmental Forces:
Competitive,
Socio-cultural,
Technological,
Economic,
Ethical,
Political (and legal)
E 3) Segmentation:
Describe potential market segments
o Describe consumer categorization based on demo/psycho/attitudes/lifestyles/benefits-sought etc.
o Create segment profiles
Describe potential target market(s)
o Which profiles are most appealing? Why?
o Who, size, location(s), characteristics, motivation and constraints for purchase
E 4) Assessment:
Strengths
Weaknesses
Opportunities:
Threats/Risks:
F. Conclusion:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started