Researching Advertising Skill Set: Promotion TOPIC OR UNIT OF STUDY Advertising Budgeting CONTENT STANDARD(S) AND OBJECTIVE(S) Students will analyze various types of advertising media. select the appropriate media for the target market. assess the effectiveness of an advertising campaign. describe the purpose of an advertising budget. determine methods of budgeting for advertising. compute media costs. develop an advertising budget. develop an advertising schedule. examine the role of advertising as an investment. predict placement costs for print, Internet, and broadcast advertisements. INTRODUCTION Advertising budgeting is very important for students to learn. It is important for students to understand the need for budgeting, and why it is so important for businesses to create an advertising budget that works best for them. Often times, students don’t see the need for budgeting their money. This lesson would not only teach them the importance of advertising budgeting, but it would also relate to their own personal finances; therefore, integrating a topic (advertising budgeting) to a real-life scenario that most students face. ESSENTIAL QUESTION What is the purpose of an advertising budget? INTEGRATION OF ACADEMICS, TECHNOLOGY, ENTREPRENEURSHIP A mini lesson would accompany this project to ensure students know the advertising terminology that is found within this lesson. As the facilitator of this PBL, I would constantly ask students if they needed help and check for student understanding of the task at hand. Students will be asked to read through an extensive amount of research to find specific information about target markets, budgeting, and media costs. This provides opportunity for reading to take place. Students will be asked to take notes from their research. This would integrate writing into the PBL. Writing is also incorporated into the culminating activity because students must write a one page paper to show their understanding of the purpose of an advertising budget. The students will be using a lot of technology within this PBL. For students to conduct research, they must use a computer with Internet access. Students will use Excel and Word to create and compute media costs, create an advertising budget, and the other various tasks within this lesson. Students will be computing media costs and budgets; therefore, this project would integrate mathematics and problem solving strategies. Students will be making decisions and using problem solving techniques that are seen within entrepreneurship or a management position. STUDENT INVOLVEMENT IN PLANNING PROCESS The PBL will be student-centered. Students will have ownership of their learning. Students will discuss as group the problems they are having completing the project. Students will have the responsibility to complete his/her work for the project. Students will be engaged in critical thinking, problem solving, inquiry learning, peer-to-peer learning, and group/class discussions. Students will create and assess a survey. TASK(S) Analyze various types of advertising media (research conducted in previous projects) Research target markets Conduct a study/survey within the community to determine the appropriate media for the community (the community will be the target market) (The survey from the previous project can be used here to conclude the appropriate media) Evaluate surveys Conclude the appropriate media for your target market Discuss your findings and conclusions with the class Research methods of budgeting for advertising Create a bulleted list depicting methods of budgeting for advertising (use Microsoft Word) Research media costs Define media costs Record media costs in an Excel Worksheet Compute total media costs using formulas in Excel Research advertising budgeting Define advertising budgeting Develop an advertising budget in an Excel Worksheet Define advertising schedule Examine sample advertising schedules Develop an advertising schedule (using Excel or Word) Research the role of advertising as an investment Examine the role of advertising as an investment Discuss your findings of advertising as an investment with the class Research placement costs for print, Internet, and broadcast advertisements Predict placement costs for print, Internet, and broadcast advertisements Discuss your predictions with the class Develop a one-page paper describing the purpose of an advertising budget (use Word and be sure to include specific details from your research) RESOURCES Computer, Internet, Microsoft Word, Excel, projector, printed copies of the project, surveys, local companies/business, marketing/advertising books, pencils, paper TECHNOLOGY USE Computer, Internet, Microsoft Word, Excel, PowerPoint, projector, Internet websites’ Analyzing Advertising http://www.medialit.org/reading-room/how-analyze-advertisement http://www.logiclabinc.com/analyzing-advertising.html Target Markets http://www.justasktom.com/topic/marketing/how-select-right-media Advertising Budget http://www.myprofessionaladvertising.com/Advertising%20Budgeting.htm Developing an Advertising Budget http://www.orwig.net/articles/ad_budget/ad_budget.html http://www.entrepreneur.com/advertising/adcolumnistroyhwilliams/article54436.html http://tutor2u.net/business/marketing/promotion_advertising_budget.asp Excel Templates for Creating an Advertising Budget http://office.microsoft.com/en-us/templates/marketing-budget-plan-TC001145556.aspx Definition of an Advertising Schedule http://www.businessdictionary.com/definition/media-schedule.html Advertising Schedule http://www.myadbase.com/cgi-bin/guide.cgi?page=how_to_plan_your_advertising_schedule http://www.smalltownmarketing.com/adschedule.html Sample Advertising Schedules http://www.nh.gov/dot/org/projectdevelopment/planning/documents/AdYr1.pdf http://www.aot.state.vt.us/conadmin/Documents/AnticipatedAdvertisingSchedule.pdf http://www.ucop.edu/facil/fmc/facilman/volume5/figure2.pdf Advertising as an Investment http://ohioline.osu.edu/cd-fact/1276.html http://www.surewestdirectories.com/Advertising/index.html http://www.investorideas.com/Advertise Placement costs http://www.o-a.com/archive/0307/7408.html Creation of Effective Marketing Surveys: http://www.ehow.com/how_8597_create-market-survey.html http://www.thewritemarket.com/marketing/index.php?marketing=survey-design Definitions: http://www.businessdictionary.com EVALUATION Each class period, I would check for student understanding with a series of question/answer sessions. If students seem to be responding correctly, then I would direct students to move on to the next task. If students’ answers are not what I expected then I would redirect them and guide them to look at it from a different prospective. This would provide students with guidance to gain the required knowledge from the project. I will take up students notes from their research at the end of each class period for a grade; therefore, providing students with feedback to move on through the project. This would be a formative assess for this project, and it would allow me to see if students need redirection. The group/class discussions will be the formative assessment for this project. Throughout this lesson we will have three class/group discussions; therefore, students will be graded on all three discussions. I will have all students discuss their findings and respond to others’ conclusions. Students’ grades will be based on their participation within the class discussions. If students do not participate, they will not receive credit for the group discussions. I will have students print their methods of budgeting bulleted list (Word), media costs (Excel), media costs calculations, advertising budget, advertising schedule, and their one-page paper. All of these activities would be graded as summative assessments. A 20 point rubric will be used in the grading process. Each assessment will be worth 20 points for a total of 100 points. TIMELINE One (1) class period/block to introduce the project and to complete the mini lesson Thirteen (13) class periods/blocks to complete the project tasks, the surveys, group/class discussions, and the one-page paper. One (1) class period/block to review and conclude the project. Three weeks (15 class periods/blocks) to complete the project CONCLUSION After completing this project, students will have gained the required knowledge to answer the essential question. Students will be able to define the terminology within this project, compute media costs, and describe the purpose of an advertising budget. With this information students will have an understanding of advertising budgets. Advertising Media and Budgeting Teacher Name: Student Name: ________________________________________ 4 3 Research Student research exceeds expectations for this task. Student research Student research was thorough for this was accurate but not task. thorough for this project. Either no research was done or it was not clear that the student used it. Accuracy of Facts All supportive facts are reported accurately (3 of 3). Almost all facts are reported accurately (2 of 3). One fact is reported accurately. No facts are reported accurately OR no facts were reported. Point of View Purpose Project establishes a purpose at the beginning and maintains that focus throughout! Establishes a purpose at the beginning, but occasionally wanders from that focus. The purpose is somewhat clear but many aspects of the project seem only slightly related. It was difficult to figure out the purpose of the project. Speaks clearly Speaks clearly and distinctly all of the time and mispronounces no words. Speaks clearly and distinctly all of the time but mispronounces 1 or more words. Speaks clearly and distinctly most of the time and mispronounces no words. Does NOT speak clearly and distinctly most of the time AND/OR mispronounces more than 1 word. Requirements All requirements are All requirements are One requirement met and exceeded. met. was not completely met. CATEGORY 2 1 More than one requirement was not completely met. Total Pts.