Marketing Assignment: Developing a New Market Offering

Assignment Brief

I am considering using a beauty brand for this assignment e.g Inkey list Assignment Brief: You have been asked by your Managing Director to develop a new market offering for the organisation. Targeting the UK market, you need to design and deliver a new product* offering into an already cluttered marketplace. This means that you need to create a specific market space for your new product with a clear target audience and strategy. Firstly, you need to research the macro-environment to determine current trends in the UK market. Then you need to develop the company’s strategy and positioning.

Finally, you must recommend what your company must do to attract customers and how the customer experience will be developed. The report should include: ?A tailored macro-environmental (PESTEL) analysis showing sources of information from acceptable and reliable sources AND highlighting the key issues facing the company ?

Identification and justification of new product/market offering (Ansoff) ?The development of your company’s marketing strategy (think about the segmentation, targeting and positioning and long-term strategic direction) ?Specific recommendations in relation to the market offering for the proposed target audience. (What will you be marketing? Think about how you communicate and distribute your offering. What sort of pricing point will you use given your position in the marketplace?

Marketing Assignment

You have been asked by your Managing Director to develop a new market offering for the organisation. Targeting the UK market, you need to design and deliver a new product* offering into an already cluttered marketplace. This means that you need to create a specific market space for your new product with a clear target audience and strategy. Firstly, you need to research the macro-environment to determine current trends in the UK market. Then you need to develop the company’s strategy and positioning. Finally, you must recommend what your company must do to attract customers and how the customer experience will be developed.
 
The report should include:    
 
•    A tailored macro-environmental (PESTEL) analysis showing sources of information from acceptable and reliable sources AND highlighting the key issues facing the company 
•    Identification and justification of new product/market offering (Ansoff)
•    The development of your company’s marketing strategy (think about the segmentation, targeting and positioning and long-term strategic direction) 
•    Specific recommendations in relation to the market offering for the proposed target audience. (What will you be marketing? Think about how you communicate and distribute your offering. What sort of pricing point will you use given your position in the marketplace?
* this could also be an extension of an existing product to a new consumer market
 
Any Other Assessment Info

When choosing an organisation there are no restrictions as to which organisation you can choose You should do this by clearly explaining the main theoretical concepts of marketing and the complexities of the international environment AND applying them specifically to this scenario.

If you only research using just the recommended text from the reading list and/or base your essays on the lecture material alone you will not gain high marks. If you wish to gain higher marks you will need to engage in further reading using not just textbooks and but also articles, and you should read around the topics. If you wish to include any images discussing and/or relevant theoretical models to assist you in your explanation then do so. Please note that inclusion of any branded products or models will NOT be attributed any marks.You must acknowledge ALL your source(s) and all work should be correctly referenced using the Harvard system, with a complete reference list at the end of the paper.