Question
Students will form teams of 4 or 5 students and carefully a select a business (or non-profit) headquartered (or founded) in the BC Lower Mainland.
Students will form teams of 4 or 5 students and carefully a 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: Project/Deliverable Name
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, etc.
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? Complete sections 1 5 below Sources: How do we know it? Impact So what? What else?
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: (Your opinion based on the research and analysis)
Strengths
Weaknesses
Opportunities: Potential for future sales. How big? How likely?
Threats/Risks: How big? How likely?
F. Conclusion: Your report should wrap up with a brief summary of the key conclusions and recommendations of your analysis.
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