Rubrics Key This key is only meant to guide the judge in the Oral event. As a team and with your Series Director, discuss various scenarios and, as a consensus, decide on a model to follow. ASM Event 1 Answer Key PERFORMANCE INDICATORS 1. Analyze the impact of technology on marketing? Participant should outline how technology affects marketing. Technology makes information readily available to potential car buyers 24/7. Answers may include discussion of: a) Social marketing media such as web pages, facebook, twitter and so on b) Many potential customers read reviews and articles about various products/vehicles online c) Potential customers are able to compare pricing of various vehicles online. This includes the costs of adding various features to cars. d) Potential customers are able to access reviews about various new electric vehicles including the NISSAN Leaf as well as competitive products. Reviews about non-electric vehicles would also be available. e) Potential customers can complete financing applications and calculations online. f) Potential customers can learn about purchase and delivery online. g) Companies are able to provide information online about events related to their company and/or products. h) Potential customers are able to access information about location of dealers in the region where they live. i) Discounts, coupons, special cash back and low interest financing promotions are presented online at company web pages. j) Individuals are able to email individual questions to companies such as NISSAN. 2. Explain the nature of sales forecasts? Participant should outline that sales forecasts are an estimate of probable future sales of products in units and dollars. Answer may include: A total estimate of a market is calculated. NISSAN and competitor sales are analyzed. Forecasts include individual estimates for the various NISSAN vehicles. This portion is the company’s market share. Participant may indicate that sales forecasts of non-electric vehicles are likely to experience a decline, while sales forecasts of electric vehicles will be increasing. Sales targets (monthly, quarterly, semi-annual, annual) are measured as a performance standard. Sales forecasts should be revisited and revised on an ongoing basis (i.e. monthly). Participant may indicate that current demand for hybrids is enormous. These cars are back ordered and customers are waiting months for their hybrid cars to be manufactured. Participants should address how they would manage a similar scenario with the new Leaf. a) How will they manage sales orders? b) Develop training strategies for dealerships to service new vehicles to ensure customer satisfaction remains high. Determine when to schedule launch of various NISSAN electric vehicles 3. Explain customer/client/ business buying behaviour? Participants may ask a number of the following questions to determine the buying behaviour of NISSAN customers: a) Who are the customers for electric versus non-electric vehicles? b) Create a profile of the customer buying process? c) How do the customer groups differ from one another? d) What, when and where do customers buy? e) How do customers rate the NISSAN on quality, service, and value? f) How satisfied is each customer segment? g) What customer segments are not having their needs met? h) Is your customer base increasing or decreasing? Why? Participant should explain how NISSAN intends to monitor customer satisfaction (i.e. follow up client phone calls) to keep track of strengths and weaknesses of the electric and non-electric vehicles. 4. Demonstrate connections between company actions and results? Participants answers may include the following: Performance measures should be established to evaluate company results. NISSAN would establish an action plan via the company’s annual budget as well as the strategic plan. Actual results should be compared to targets for: a) Sales for both electric and non-electric vehicles b) Expenses c) Profits d) Customer satisfaction e) Vehicle production volumes Variances of actual versus target should be analyzed to determine the reasons for the variance. A portion of employee compensation should be linked to the above performance to strengthen the link between the company’s actions and its results. 5. Discuss actions employees can take to achieve company’s desired results? Participant should discuss how employee goals should be connected to overall company goals, strategies, programs and targets. This might include: a) A performance based pay linked to achievement of company goals and targets (i.e. sales, profits) b) Creation of two promotional plans to support the current years forecasted sales of: 1. Electric vehicles 2. Non-electric vehicles c) Employee product and customer service training for new electric vehicles (i.e. Leaf) d) Parts and service logistics for the new electric vehicles. Overall impression and response to the judge’s questions. (Communication, Thinking/Inquiry) Were they able to think quickly and respond logically to your questions? Rational/logical explanation Was there a variety of ideas? Were the ideas unique? Ability to link ideas? Vocabulary and grammar? Eye contact / Body Language / Handshake? During the course of the role-play, these questions are to be asked: 1. What should be the production level of the electric vehicle? The participant should devise a logical answer from a business perspective. Responses may vary and might include something such as the following: The forecasted demand is substantial. Consequently NISSAN should produce electric vehicles to the company’s maximum capacity without jeopardizing the quality of the new Leaf electric car. 2. Does the appearance of the car take precedence over fuel economy? Participants may provide various responses to this question. Answers should be supported by solid rationale as appearance will be more important to a certain portion of customers, and fuel economy will be more important to others. 3. Why should NISSAN advertising campaign encourage customers to test-drive electric cars? Participants should indicate that advertising that is successful at creating a call to action for potential buyers to test drive the electric car, and then there is an increased probability that NISSAN will sell more cars. The goal of the campaign would be to sell prospects an electric car. However, once they are at a dealership the probability also increases for these prospects to test drive and buy a non-electric car as well. Rubrics Key This key is only meant to guide the judge in the Oral event. As a team and with your Series Director, discuss various scenarios and, as a consensus, decide on a model to follow. ASM Event 2 Answer Key PERFORMANCE INDICATORS 1. Explain the concept of marketing strategies? Participants should be able to indicate that marketing strategies include the identification of target markets and the determination of marketing mix choices (product, place, price and promotion) that focus on those markets. Students should outline their strategies for STONE AUTO PARTS. These strategies should include the elements outlined above. 2. Explain the role of situation analysis in the market planning process? Participants are to explain the role of situation analysis as the study of both internal as well as external factors that affect marketing strategies for STONE AUTO PARTS. Here participants should provide a SWOT (Strengths, Weaknesses, Opportunities & Threats) analysis and an environmental scan for the company. 3. Identify product opportunities? Participants are to clearly outline product opportunities for STONE AUTO PARTS. Answers may vary depending upon opportunities participants decide to pursue (i.e. aging baby boomers) 4. Demonstrate connections between company actions and results? Participants should establish performance measures related to strategies selected. Performance measures could include tracking sales/profits for new programs versus existing programs to determine the success of the different programs. For example compare sales volumes and growth for the existing Do-It-Yourself (DIY) customers versus an example of new idea; Stone-Mobile-Service (SMS), a service that meets customers on location and installs parts for an added service fee. Monitor customer satisfaction and feedback in order to evaluate store performance and to identify new opportunities. Actions followed by STONE AUTO PARTS will be based on the information obtained from these results. 5. Identify product’s/service’s competitive advantage? Participants should identify potential competitive advantages for STONE AUTO PARTS. These might include the company’s established 30 year history of success beating the competition. The company is also well known for its customer service and professionalism. Participants may also provide an analysis/overview of competitors in the city (5 automobile dealerships, 4 complete automotive services and repair stations, 6 oil change retailers and 2 other auto parts stores). Overall impression and response to the judge’s questions (Communication, Thinking/Inquiry) Were they able to think quickly and respond logically to your questions? Was there a variety of ideas? Were the ideas unique? Ability to link ideas? Rational/logical explanation Vocabulary and grammar? Eye contact / Body Language / Handshake? During the course of the role-play, these questions are to be asked: 1. Should we promote these marketing strategies to the general population? Participants should promote these strategies to the general public to communicate information to either grow the overall auto parts market or to attract customers from competitors. 2. How will these changes you have proposed affect your loyal customers? Participants should outline how they will continue to attract, to service and to reward their loyal customer base (i.e. a customer loyalty program). 3. The industry research is a prediction for five years in the future. When do we start with modifications? Participants should consider an implementation plan with a timeline for incremental program changes. Answer should include an appreciation for any changing needs and wants of customers such as may be created by the aging of current Baby Boomer DIY customers.