School of Business, Law and Entrepreneurship Assessment Task – Assignment 3 MKT10007 Fundamentals of Marketing Semester 1, 2022 Assessment Type Presentation in-class. Associated Unit Learning Outcomes (ULO’s) 2, 3, 4 Group or Individual task Group Value (%) 20% + 5% group contribution Live Presentations in-class during Week 11 – the week commencing Monday 16th May. Team Submission Document plus slide deck to be submitted to Turnitin by 23:59 on the day of your Presentation. Due Date Submission details/form Offshore students; Team Submission Document – video for Offshore Students with URL for YouTube video recording plus slide deck to be submitted to Turnitin by 23:59 on Thursday 19th May. Enter this date into your Calendar Live Presentation in-class of 8 minutes duration (+/- 10%), plus submission to Canvas of the Team Submission Document with the slide deck attached. Offshore students; Recorded video Presentation of 8 minutes duration (+/- 10%), plus submission to Canvas of the Team Submission Document – video for Offshore Students with URL for YouTube video recording plus slide deck attached. Purpose or Overview To develop understanding of marketing management tasks and of how marketing fits into other business functions within an organisation Use research information and apply marketing concepts to propose ethical, creative solutions COVID-19 PRECAUTIONS – please adhere to the prevailing Government precautions regarding face-to-face meetings. Detailed Assignment instructions Assignment Overview For Assignments 2 and 3, you formed a Group with 3 or 4 other people. In Assignment 2 each Group member analysed one of the competing brands in a product category chosen by your Group. Now, the Group comes together to take the role of a group of start-up founders wanting to launch a new product in the product category you chose. You will present an 8-minute persuasive Presentation (known as a “pitch”) that explains your analysis of the competing brands, proposes a new product that exploits the “gap” in the market, proposes a target segment for the new product, and recommends a marketing mix intended to implement and communicate your new product to your target segment. Your “audience” for this work will be a group of prospective investors. Your aim is to persuade them to invest in your new product. The “pitch” will be in these main parts: A section that contrasts the marketing mix and positioning of the existing competing brands in the market for that product category. A section proposing your new product designed to exploit the “gap” in the market. A section that details the target segment for this new product, and the marketing mix intended to implement and communicate your new product to them. Документ1 Page 1 of 6 Format Presentation in-Class in Week 11 of 8 minutes duration (+ 10%). (Offshore students; Recorded video Presentation of 8 minutes duration (+/- 10%)). Format – speakers present to the audience using slides as supports. Every Group member must present some of the content of the presentation. Slide Deck - Please also include a Title slide, Agenda slide (that is, a slide with content equivalent to a Table of Contents) and slide numbering. Group Work Group work is a normal and accepted practice in both business and academic study. As an alternative to meeting face-to-face, Group work can be done remotely via email, Google docs, Facebook messenger, and/or What's App groups or other platforms that are mutually agreed by your group. You can video conference using Skype or Zoom. Group work can be challenging and groups are reminded that working collaboratively is an essential work life skill. Groups that need guidance with group work should email their Teacher to discuss any issues that may arise. Grade Weight: 20% content + 5% group contribution The New Product Plan In Assignment 2 you created a ‘marketing intelligence’ analysis of the existing market. Now it is time to regroup. You must share your individual work with your team (if you have not done so already), and together you will present a persuasive Presentation live in-class to entice investors to invest in a new product your company will launch in that Remember that here your group role-plays as a new company, launching a new product! category. You are encouraged to be creative in your presentation, but overall, the Presentation must explicitly provide the following information: A. A positioning map of your analysed brands, plus other prominent brands that you did not analyse (if any), constructed using data from the work that Group members did for Assignment 2. (See Week 5). A summary of contrasts of the competing brands that your team has researched. This will include a strategic explanation of the differences between the brands you’ve individually analysed, their Unique Selling Proposition, and place on a positioning map. B. Based on the above, you should be able to find a gap in the market where you could launch a product. Then, propose a new product to fill that gap that your company plans to launch. Justify its positioning in the market. C. Based on your understanding of the competitive landscape, you need to also create a persona of the ideal consumer segment for your company’s new product. You will also explain your positioning strategy to that ideal consumer (target) market. This strategy should be supported by your understanding of:o That segment’s characteristics, their motivations for using products in your category – such as the problem they are wishing to solve, the need they are trying to satisfy, o their frustrations with the products currently in the market, for example in the instant coffee category there may be no low-price no-caffeine product available, o Their criteria for choice amongst competing brands (use the “evaluation of alternatives” stage of the CDMP as a guide (Week 2), and their life goals that are relevant to the product category. D. Develop a Positioning Statement for your new product including its Unique Selling Proposition for your target segment. E. Then, develop a basic Marketing Mix that will implement and communicate your Positioning of the product to this segment. Demonstrate application of theory from the Unit materials when you explain Mix details including Product (Week 6) (i.e. what will your product actually be? How can you use the three-levels theory to describe it?) Place (Week 7) (i.e. how and where will you sell it? Would you require intermediaries or retailers for your product? If yes, then what do you want them to do?), Promotion (Week 8) (what will be your advertising theme? How does that relate to your Positioning? Where will you place your message (media vehicle matching?), and Price (Week 9) (how much will you sell it for in the market? What pricing strategy are you going to use?) Документ1 Page 2 of 6 You are strongly encouraged to be creative in your presentation. However, it is important to note that we are looking for creativity that makes sense. Your New Product Plan should be solidly grounded by your analysis of existing products and your understanding of the target market. We are expecting that you provide sources and evidence for your analysis, as well as demonstrate relevant theories and frameworks you’ve learned as the guide for your work. Guidance Group Work Guidelines A group assignment is the collective responsibility of the entire group, and if one member is temporarily unable to contribute, the group should be able to reallocate responsibilities to keep to schedule. In the event of longer-term illness or other serious problems involving a member of group, it is the responsibility of the other members to immediately notify the Unit Convenor or relevant Teacher. All group members must be satisfied that the work has been correctly submitted. Any penalties for late submission will generally apply to all group members, not just the person who submitted. Marking When reading your assignment, the markers will be guided by these questions, elaborated in the rubric at the end of this document: Does the contrast of competitors section presents a thorough and insightful synthesis of their previous individual work, with credible and relevant evidence supporting the positioning map? To what extent is the new product proposal consistent and synched with the group’s analysis about the competitive landscape? Is the positioning of this new product proposal appropriate and provide a Unique Selling Proposition and a complete Positioning Statement? Are all the details about the persona sensible and relevant to the new product being proposed? Will the Positioning strategy and Marketing Mix of the new product to this persona satisfy their needs and motivations? To what level is the marketing mix consistent with the product proposal and the target market? How well does the Marketing Mix implement and communicate your Positioning of the product to this segment? Is the marketing mix presented in a way that showcases the group’s learning to create a creative, compelling, yet sensible plan? How much effort did the group put into the work to make it compelling while also adhering to the technical instructions? Submission Instructions One Group member only will submit the Team Submission Document to Turnitin. Attach your slide deck to the Team Submission Document. Referencing To avoid plagiarism, you are required to provide a reference whenever you include information from other sources in your work. Referencing conventions required for this unit are: Harvard Referencing System Helpful information on referencing can be found at http://www.swinburne.edu.au/library/referencing/ Extensions and Late Submission Late Submissions - Unless an extension has been approved, late submissions will result in a penalty. You will be penalised 10% of the assessment’s worth for each calendar day the task is late, up to a maximum of 5 working days. After 5 working days a zero result will be recorded. Extensions can only be granted by the Unit Convenor. Student Study Support Services You should talk to your Unit Convenor or Teacher, for information on academic support services available for Swinburne students. Alternatively see the Student Services and/or the Library Website for further study support resources. Документ1 Page 3 of 6 Plagiarism Plagiarism is the action or practice of taking and submitting or presenting the thoughts, writings or other work of someone else as though it is your own work. Plagiarism includes any of the following, without full and appropriate acknowledgment to the original source(s): The use of the whole or part of a computer program written by another person; The use, in essays or other assessable work, of the whole or part of a written work from any source including but not limited to a book, journal, newspaper article, set of lecture notes, current or past student’s work, any other person’s work, a website or database; The paraphrasing of another’s work; The use of musical composition, audio, visual, graphic and photographic models, The use of realia that is objects, artefacts, costumes, models and the like. Plagiarism also includes the preparation or production and submission or presentation of assignments or other work in conjunction with another person or other people when that work should be your own independent work. This remains plagiarism whether or not it is with the knowledge or consent of the other person or people. It should be noted that Swinburne encourages its students to talk to staff, fellow students and other people who may be able to contribute to a student’s academic work but that where independent assignment is required, submitted or presented work must be the student’s own. Enabling plagiarism contributes to plagiarism and therefore will be treated as a form of plagiarism by the University. Enabling plagiarism means allowing or otherwise assisting another student to copy or otherwise plagiarise work by, for example, allowing access to a draft or completed assignment or other work. Swinburne University uses plagiarism detection software (such as Turnitin) for assignments submitted electronically via Canvas. Your Convenor will provide further details. The penalties for plagiarism can be severe ranging from a zero grade for an assessment task through to expulsion from the unit and in the extreme, exclusion from Swinburne. Consequently you need to avoid plagiarism by providing a reference whenever you include information from other sources in your work. Assessment declaration and statement of authorship 1. 2. 3. 4. 5. I have not impersonated, or allowed myself to be impersonated by any person for the purposes of this assessment. This assessment is my/our original work and no part of it has been copied from any other source except where due acknowledgement is made. No part of this assessment has been written for me by any other person except where such collaboration has been authorised by the lecturer/teacher concerned. I have not previously submitted this work for this or any other course/unit. I give permission for my assessment response to be reproduced, communicated, compared and archived for plagiarism detection, benchmarking or educational purposes. I understand that: Plagiarism is the presentation of another person’s work as though it is your own. It is a form of cheating and is a very serious academic offence that may lead to exclusion from the University. Plagiarised material may be drawn from published and unpublished written documents, interpretations, computer software, designs, music, sounds, images, photographs, and ideas or ideological frameworks gained through working with another person or in a group. Plagiarised material can be drawn from, and presented in written, graphic and visual form, including electronic data and oral presentations. Plagiarism occurs when the origin of the material used is not appropriately cited. I agree and acknowledge that: 1. 2. 3. I have read and understood the Declaration and Statement of Authorship above. I accept that use of my Swinburne account to electronically submit this assessment constitutes my agreement to the Declaration and Statement of Authorship If I do not agree to the Declaration and Statement of Authorship in this context, the assessment outcome may not be valid for assessment purposes and may not be included in my aggregate score for this unit. Further information relating to the penalties for plagiarism, which range from a formal caution to expulsion from the University, is contained in the Student Academic Misconduct Regulations 2012 which is available on the Policies and Regulations website. Документ1 Page 4 of 6 MARKING RUBRIC GRADE High Distinction (HD) 80-100 Competitor & Positioning Analysis (20%) Does the work: The positioning map(s) show the position of the competition effectively? Exhibit an effective synthesis of the individual components? Explain the competitor brands’ positioning and Point-ofDifferences and USPs effectively? Clearly show a clear gap in the current market? Distinction (D) 70-79 Credit (C) 60-69 Pass (P) 50-59 Fail (N) 0-49 Work that exceeds expectations and may serve as a guide to others as an example of “best practice” Very good work. Purposefully and logically developed. Thoroughly addresses all aspects of the task. Shows evidence of sound understanding and thoughtful examination. Good work. Generally clear, accurate and relevant. Adequately addresses all requirements of the task. Development is generally logical, facts generally correct. Satisfactory. Shows basic understanding with minimal evidence of reflection or thoughtful analysis. Merely complies with the basic requirements. Unsatisfactory work that requires further development and needs improvement Does not address the topic in a meaningful way. May be extremely brief, inaccurate, illogical or undeveloped. The sum is greater than its parts. Goes beyond the qualities of its individual components to present a thorough and compelling competitor analysis. Uses the complete required criteria and answers them accurately and thoroughly. Uses the minimum criteria and provides accurate answers, but does not do so in a way that shows deep understanding. The work does not fulfil some of the criteria or does not answer them accurately. The majority of work in this section does not meet the criteria, or uses glaringly irrelevant content. Demonstrates highly varied and compelling supporting data to create a very persuasive argument within the specified limit. Uses appropriate, varied, and related supporting data to shape the content of the section. Or, uses highly varied and thorough supporting data but does so outside of the prescribed limit. The analysis uses reasonably varied supporting data in the justification of the argument The analysis is accompanied by minimal supporting data. Is the analysis supported using appropriate, impactful, and compelling sources? New Product Positioning (20%) How well is: The new product logical and consistent and fills the gap you analysed in the current market? The Positioning Statement and proposed USP of the new product formulated? Goes beyond the required criteria & does so very effectively. The new product is presented very clearly, is insightful & compelling. Persona (20%) Is the persona based on sound reasoning and/or evidenced by relevant sources? Goes beyond the required concepts and theories and does so very effectively. The analysis applies the right concepts in the right manner in a way that demonstrates mastery. Does the persona: Have appropriate picture which is consistent with the demographic information given? Present the persona’s needs motivations, frustrations, and life goals in a coherent way supported by sound rationale? The positioning & USP analysis applies the right concepts in the right manner in a way that demonstrates mastery Demonstrates highly varied and compelling supporting data to create a very persuasive argument within the specified limit. Fulfils the required criteria well and the new product flows logically from the previous analysis. The positioning and USP analysis is done appropriately with accurate application Uses the complete required concept and theories accurately and thoroughly. Uses appropriate, varied, and related supporting data to shape the content of the section. Or, uses highly varied and thorough supporting data but does so outside of the prescribed limit. Uses the minimum criteria and provides accurate answers, but does not do so in a way that shows deep understanding. The work does not fulfil some of the criteria or does not answer them accurately. The majority of work in this section does not meet the criteria, or uses glaringly irrelevant content. Uses the minimum required concept and theories. The work shows an incomplete and basic grasp of concepts and theories and attempts to use them. The majority of work in this section does not meet the criteria, or uses glaringly irrelevant content. The way the concepts were used in the analysis demonstrate accurate understanding, but the application of the concepts could be improved. The concepts and theories used were either incomplete or simple, and do not go beyond the basic level. The analysis uses reasonably varied supporting data in the justification of the argument The analysis is accompanied by minimal supporting data. Uses the minimum criteria and provides accurate answers, but does not do so in a way that shows deep understanding. The work does not fulfil some of the criteria or does not answer them accurately. The majority of work in this section does not meet the criteria, or uses glaringly irrelevant content. Will the positioning strategy satisfy the needs, motivations etc. of this persona? Is it founded strongly on understanding of their characteristics? Marketing Mix (20%) Does the section have the following: A Product strategy? A Pricing strategy? A Promotion strategy? A Place/distribution strategy? Will the Marketing Mix implement and communicate the Positioning Strategy? Is the mix coherent and consistent with previous sections? Is the plan supported by relevant and convincing data? Goes beyond the required criteria and does so very effectively. The marketing mix is presented very clearly, is insightful and compelling. Demonstrates highly varied and compelling supporting data to create a very persuasive argument. Fulfils the required criteria well and the marketing mix flows logically from the previous analysis. Uses appropriate, varied, and related supporting data to shape the content of the section Teamwork (5%) Based on the marker’s assessment of the Assignment, and the Group’s self-assessment; It is clear that the Group achieved the “Sophisticated” level of Group performance and this was demonstrated by a D or HD Grade for the Assignment. Based on the marker’s assessment of the Assignment, and the Group’s self-assessment; It is clear that the Group achieved the “Sophisticated” or “Competent” level of Group performance and this was demonstrated by a D or HD Grade for the Assignment. Based on the marker’s assessment of the Assignment, and the Group’s self-assessment; It is clear that the Group achieved the “Competent” level of Group performance and this was demonstrated by a C or D Grade for the Assignment. Based on the marker’s assessment of the Assignment, and the Group’s self-assessment; It is clear that the Group achieved the “Competent” level of Group performance and this was demonstrated by a Pass or C Grade for the Assignment. Based on the marker’s assessment of the Assignment, and the Group’s self-assessment it is clear that the Group failed to meet the “Competent” level of Group performance and this was demonstrated by a Pass or Fail Grade for Assign Presentation, format and attention to detail (5%) Presentation is very well structured and cohesive and communicates ideas very effectively. Excellent attention to detail (grammar, spelling, expression). Presentation is well organised and communicates ideas well. Presentation is well organized, communicates ideas reasonably well. Good standard of attention to detail (grammar, spelling, expression). Presentation is reasonably well organised. Acceptable standard of attention to detail (grammar, spelling, expression). Presentation is badly to poorly organised. Unacceptable standard of attention to detail (grammar, spelling, expression). Presentation skills: design of visual aids (5%) Visuals summarised key points well. Always simple, consistent and uncluttered. Clearly readable font style and size. All additional visuals relevant and supportive. No errors in formatting, proofreading. Visuals summarised key points. Mostly simple, consistent and uncluttered. Clearly readable font style and size. Most additional visuals relevant and supportive. Few errors in formatting, proofreading. Visuals did not summarise all key points. Not simple, consistent and uncluttered. Not always clearly readable font style and size. Not all additional visuals relevant and supportive of the presentation message. Many errors in formatting, proofreading. Visuals summarised some key points. Usually simple, consistent and uncluttered. Mostly readable font style and size. Some additional visuals relevant and supportive. Some errors in formatting, proofreading. Visuals did not summarise any to most key points. Complicated or lacking basic content, inconsistent and cluttered. Often unreadable. Many errors in formatting, proofreading. Referencing (5%) Correct referencing for Harvard style is evident throughout the whole report (both in-text referencing and references list). Correct referencing for Harvard style is evident throughout most of the report (both in-text referencing An attempt at referencing for Harvard style is evident throughout most of the report, (both in-text referencing and references list), Harvard style referencing is evident in parts of the report (inboth text referencing and references list); however, Did not meet criterion. Документ1 Page 5 of 6 High standard of attention to detail (grammar, spelling, expression). and references list), with only minor corrections required. Документ1 Page 6 of 6 with improvements required in consistency. improvement in correct style and consistency is required.