2024 – VIRTUAL GAMING SYSTEM You are a team of brand product managers hired to

 VIRTUAL GAMING SYSTEM*****************************

 

You are a team of brand/product managers, hired to develop a new product line or brand extension for the company’s top-performing product (Note: students choose the company and brand/product). Based on the company’s mission and goals, status in the market, current target market, and brand power, you will develop a marketing plan for the new product/brand extension.

 

This project must have a cover page (with the title you have given it, your name, course number and section, and semester and year of the course). On the second page you will provide a Table of Contents. On page 3, you may begin with the Introduction heading and only use the required headings for the assignment.

The document should be formatted according to the latest APA standards.

The text should be:

Times New Roman

Font Size 12

Double-Spaced

1” margins all around.

Direct quotes must be appropriately cited. Bullet-points are allowed, but should comprise a small portion of the entire document. The document must be written in narrative, 3rd-Person format, free of colloquial (casual) lingo.

Tables and figures are likely to be useful for this assignment. These should be placed in the Appendix (with a title for each one) and discussed in the appropriate section. When these are discussed, reference them in the text or body of your report, e.g., See the Appendix Table (title/name). The VP for Marketing needs to know all of the facts and findings that is explained clearly and extremely well (as if the VP does not know anything about your findings).

Your statements and findings must not only be clearly stated and logical but also supported by your research (with cited sources of information). Furthermore, all facts (other than common knowledge) must be cited in the text or body of the report and the informational source listed in the References section using APA style guidelines. A fact is more than just a number (e.g., statistic) but also a definitive/specific point, statement or information unknown to others, e.g., the VP, any reader of the report. Such facts and informational sources should include of course the organization, its retailers, competitors, current and potential customers, the Internet, Lynn Library (databases and hardcopy publications), and other personal interviews that are applicable to determining successful market research findings and developing a market assessment and analysis report.

PROJECT OUTLINE

Cover Page

Table of Contents

Executive Summary

Company Description/Introduction

Strategic Plan

Mission

Core Competences/Competitive Advantage(s)

Industry Analysis

Industry Trends

Competitors Analysis

Market Analysis

Market Trends

Target Market Analysis

Demographic Profile

Psychographic Profile

SWOT Analysis         

Analysis of Internal Strengths and Weaknesses

Analysis of External Opportunities and Threats

Marketing Mix Strategy           

Product/Brand Strategy

Product/Brand Positioning

Points of Difference

Pricing Strategy

Promotional Mix

Integrated Marketing Communications

Distribution (Place) Strategy

Financial Data & Projections

Implementation Plan

Evaluation of Marketing Activities

Conclusion

References

Appendix Pages

                                                     

* The SWOT Analysis and the Marketing Mix Strategy represent the Critical Assignment. The entirety of the marketing plan represents the Final Project.

MKT 250 CRITICAL ASSIGNMENT:

LEARNING OUTCOME OBJECTIVES and RUBRIC

Learning Outcomes

At the end of this course, students should be able to formulate a Marketing Mix Strategy, and perform a SWOT analysis. Specifically, they should be able to:

1. Create and develop a new product strategy (SLO 1.2, 1.3, 4.3)
2. Create and develop a brand positioning strategy (SLO 5.1, 5.2, 6.1)
3. Create a pricing strategy for the proposed new product (SLO 3.2, 5.3, 6.3)
4. Create a promotional mix strategy for the proposed new product (SLO 2.3, 5.1, 6.1)
5. Create a distribution strategy for the proposed new product (SLO 1.2, 3.2, 5.3, 6.3)
6. Identify and analyze strengths and weaknesses related to the proposed new product (SLO 1.3, 2.2, 2.3, 4.3, 5.4, 6.1 )
7. Identify and analyze opportunities and threats related to the proposed new product (SLO 1.3, 2.2, 2.3, 4.3, 5.4, 6.1)