Assignment brief Unit number and title Unit 3 Introduction to Marketing Qualification BTEC Level 3 Diploma in Business Start date 1st November 2010 Deadline 6th December 2010 Assessor Mr M Drury/ Mr L McNeill/Mrs Howe CRITERIA COVERED P3, P4, M2, D2 Assignment title Assignment 1: ‘A’ Listed Marketeers, Part 2 The aim and purpose of this unit is to understand how marketing, research and planning and the marketing mix are used by all organisations. Scenario. Ongoing from first assignment. As part of the evaluation, you are now asked to select one of the companies previously investigated and investigate its use of marketing research. Task 1 Prepare a presentation describing how marketing research is used to create and develop marketing plans for your chosen organisation You must explain What market research is the types of market research- primary, secondary, internal and external their uses (i.e reduce risk in decision making, measure progress over time); and limitations (cost effectiveness, validity of data collected What types of market research does your organisation carry out, when and why How is this research used to inform market planning i.e How does it help your organisation create a PESTLE (political, economic, social, technological, legal and environmental external factors); SWOT (internal strengths and weaknesses, external opportunities and threats); and set SMART (specific, measurable, achievable, resourced, time-bound) objectives; How do these models help determine marketing strategy and tactics-i.e help implement changes; and evaluate progress This provides evidence for P3 Task 2 Go on to explain the limitations of the marketing research What are the advantages (uses) and limitations (problems) with each method of market research referred to above. For each method of market research explain What can it be used for and when, why ( the advantages of it) What are the limitations of this method (when should it not be used, why) This provides evidence for M2 Task 3 Make justified recommendations as to how the validity of the research could be improved. Mrs E Howe 14/05/2010 V1 What is validity How can researchers make sure their research is valid- i.e Reliable and Cost effective. How can the validity of the research been improved and why is it important to the organisation to do this What does your organisation do now. How can the chosen organisation ensure the validity of it’s market research This provides evidence for D2 Task 4 Use the results of market research given to you by the teacher to produce a marketing plan. You must Look at the results- understand what they are saying about the business Identify areas which the business needs to improve create SMART objectives for what they need to improve explain what the organisations overall marketing strategy should be (how will they meet the objectives(what will they do). This provides evidence for P4 Sources of information Journals Business Review Magazine (see www.philipallan.co.uk) The Economist (see www.economist.com) Websites Business education website (for learning materials and quizzes) www.bized.ac.uk BBC Business website www.bbc.co.uk/business For useful background www.examstutor.com/business (visit the Study Room, see Unit 6) Official UK statistics www.statistics.gov.uk Free materials and case studies www.thetimes100.co.uk/home.asp P3 describe how a selected organisation uses marketing research to contribute to the development of its marketing plans P4 use marketing research for marketing planning M2 explain the limitations of marketing research used to contribute to the development of a selected organisation’s marketing plans D2 make justified recommendations for improving the validity of the marketing research used to contribute to the development of a selected organisation’s marketing plans This brief has been verified as being fit for purpose Assessor Date e Signature Internal verifier Signature Mrs E Howe Date 14/05/2010 V1 Mrs E Howe 14/05/2010 V1