Marketing H5.3 20% of course time (20 hours) Principal focus: The focus of this topic is to develop an understanding of the nature and role of marketing in a business and the main elements involved in the development and implementation of successful marketing strategies. Outcomes Resources H1.2 critically analyses the role of business in Australia Sites with good approaches to marketing H2.1 describes and analyses business functions and operations and their impact on business success include: H3.2 evaluates the effectiveness of management in the organization and operations of business and its responsiveness The Sydney Morning Herald for all the latest to change information, including the marketing page on H4.1 critically analyses the social and ethical responsibilities of management Thursdays and Icon on Saturdays. H5.1 selects, organizes and evaluates information and sources for usefulness and reliability Amazon.com Earth's biggest selection the H5.2 plans and conducts an investigation into business to present the findings in an appropriate business format worldwide retailer of books, CD-ROMs etc. H5.3 communicates business information, ideas and issues, using relevant business terminology and concepts in Triple j triple j triple j web site for radio appropriate forms. station Triple J The village web site for Triple M Learn to National Rugby League for the latest from the use existing business case studies to investigate and communicate ideas and issues related to marketing. The focus of National Rugby League these case studies will be to: Coca Cola the headquarters for Coke • analyzes and evaluate marketing strategies for a product or service American Express Australia home has some • analyze the marketing plan of a business good business ideas • construct a marketing plan for a single product/service (real or imaginary). The small business site is the site for the Small Major Assessment: Business Show, essential viewing for all Imagine that you have developed a new golf ball that floats, glows in the dark, and contains a computer chip that can analyze students of business studies information about its flight. BRW the Business Review Weekly site As the marketer of this new product write a plan which includes: Commonwealth Bank of Australia Ð try other a SWOT analysis for the business and product bank sites too outline the target market for the product Australian Olympic Committee for a wide explain 3 marketing activities that you could use to promote your product range of information. Also has good educational explain how your plan will achieve the financial objectives of your company materials on marketing. 1 Students learn about: nature and role of markets and marketing (5% 1 hour) • the role of marketing in the firm and in society • types of markets — resource, industrial, intermediate, consumer, mass, niche • production–selling–marketing orientation • the marketing concept — customer orientation, relationship marketing • marketing planning process Teaching and learning strategies Diagnostic discussion “What is Marketing”. Write a mindmap. Diagnostic quiz http://quizlet.com/3595673/hsc-business-studies-marketing-flash-cards/ http://www.learnmarketing.net/test.htm Marketing is "a social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others". Discuss. Teacher defines and students discuss market types, customer orientation, relationship marketing, marketing activities and the marketing planning process. Rewrite mindmap. Write a short response to the question “What is marketing?” elements of a marketing plan (25% 5 hours) • situational analysis including SWOT and product life cycle Analyse a Gatorade marketing plan and determine which elements are addressed and which are not. Suggest • establishing market objectives improvements. Mindmap the components of a marketing plan. • identifying target market Imagine that you have developed a new golf ball that floats, glows in the dark, and contains a computer chip • developing marketing strategies that can analyze information about its flight. As the marketer of this new product write a plan which • implementation, monitoring and controlling — developing a includes: financial forecast, comparing actual and planned results, and a SWOT analysis for the business and product revising the marketing strategy outline the target market for the product market research process (5% 1 hour) explain 3 marketing activities that you could use to promote your product • determining information needs, data collection (primary and ENERGO is a new fruit-based drink that contains high levels of caffeine and sugar. The manufacturer would secondary), data analysis and interpretation like the drink to be seen as a healthy product. Market research results show that 75% of 8–12 year olds customer and buyer behavior (15% 3 hours) would like ENERGO sold at their school canteen. Outline ONE method of primary data collection that could • types of customers — people, households, firms, educational have been used to obtain this market research result. Short answer. institutions, government, clubs and societies, religious organizations • the buying process — buyers and users Create an animoto clip of the main influences on customer choice. Use a text and the internet to collect • factors influencing customer choice — psychological, sociocultural, appropriate ideas, images and music to build the short movie. economic, government 2 Students learn about: Suggested teaching and learning strategies developing marketing strategies (35% 7 hours) • market segmentation and product/service differentiation Scenario: Students identify the segments within a school population. What characteristics do you choose to identify the segments? What different types of musical and film products and services would you offer to the different segments? How would you differentiate these products from their competitors? The four Ps • product and service – positioning – branding – packaging • • • • Define the key terms and discuss: product line, mix, lifecycle, positioning, branding and packaging Watch three competitive ads and discuss how they are positioning their brands and products differently from each other http://www.youtube.com/watch?v=KeC3kPU-ZoA http://www.youtube.com/watch?v=gQzwSQcuBOo http://www.youtube.com/watch?v=p0NTP8VP9E0 A business sells a perfumed hair gel under the KoolTop brand. It now wants to market a cheaper nonperfumed hair gel. Describe ONE advantage and ONE disadvantage of marketing the non-perfumed hair gel under the KoolTop brand. price including pricing methods — cost, market and competition-based – pricing strategies/tactics — skimming, penetration, loss leaders, price Web and text research: create a list of pricing strategies with paraphrased definitions and examples of applications. Discuss and refine. points Possible starting point: http://www.learnmarketing.net/Price.htm – price and quality interaction promotion Constructive learning exercise. Student creates a mindmap of marketing communications tactics. Teacher – elements of the promotion mix — personal selling, advertising, asks open and closed questions to build the map. Finally, student suggests an appropriate mix for below-the-line promotions, public relations Gatorade. Compare work with Riley, T. (2007) Business Case Study: Gatorade in Business Studies – the communication process including opinion leaders and word of Review 13(3) pp. 13-16. Revise mindmap. mouth place/distribution Teacher description of the role and types of distribution – distribution channels and reasons for intermediaries – channel choice including intensive, selective, exclusive – physical distribution issues including transport, warehousing, inventory environmental effects on distribution — technology, local government Retake the quiz http://quizlet.com/3595673/hsc-business-studies-marketing-flash-cards/ 3 Students learn about: ethical and legal aspects (15% 3 hours) • environmentally responsible products • other issues including creation of needs, impacts of retail developments, sugging (selling under the guise of research) • role of consumer laws in dealing with – deceptive and misleading advertising – price discrimination – implied conditions – warranties – resale price maintenance. Suggested teaching and learning strategies Suggested teaching and learning strategies Discuss and complete Q. 25 of the 2009 HSC exam. Read and discuss the PowerPoint Marketing-Ethical. Do past exam multiple choice, short answer and extended response questions related to marketing. 4