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Marketing Plan: Product Identification and SWOT Analysis What to Do This week, you will be creating components of your capstone marketing plan assignment. You will then finish your plan in Week 5.
- Marketing Plan: Product Identification and SWOT Analysis
- What to Do
- This week, you will be creating components of your capstone marketing plan assignment. You will then finish your plan in Week 5.
- Using the company you selected for your marketing manager internship, you will complete a situation analysis with the goal of identifying a new product/service to develop your marketing plan against.
- How to Do it
- Create a minimum 750 word APA style formatted Word document that includes at least 1 scholarly resource from Ashford’s online library in addition to the course text.
- The Scholarly, Peer Reviewed, and Other Credible Sources table (Links to an external site.) offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
- Your document should contain paragraphs that cover the following topics:
- A description of your selected company/brand
- The core products/services they offer
- A brief history
- Key current competitors
- A SWOT analysis
- The product or service line you want to develop a marketing plan for and a SWOT based argument for why it warrants marketing investment
- Please see our sample situational analysis (completed for McDonald’s) for more details, including minimum lengths by topic.
- What Should I Market?
- The focus of your marketing plan can be a new product/service idea of your own or an existing product/service that you think deserves its own dedicated campaign. Just don’t pick something that you’ve already seen being actively marketed.
- For example, after completing a SWOT analysis for McDonald’s, one might propose marketing new concepts like a McVeggie burger or an adult happy meal. Further afield, one might propose a whole new chain of pay to visit indoor McPlayground Centers. Or, relative to existing offerings, one might suggest a dedicated marketing campaign for say “burgers at breakfast” or after midnight snacking via the drive thru.
- Lean about your brand and then let your imagination run wild. It can be a big idea that will appeal to many of their customers or a very targeted effort. You decide. You can always adjust your idea after getting instructor feedback.
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