Tuesday, 21 October 2014

MKT 421 Week 5 complete

DQ 1. Which is the most critical measurement criterion for marketing strategies? Profit, Return on Investment, Market share, Customer Satisfaction or other Why did you chose that one?
How does the criterion differ between a for-profit and not-for-profit business?

DQ 2. You are the marketing manager for a leading coffee chain. Your company has made the decision to expand internationally, specifically into China. What are some environmental factors that you will need to consider in marketing your coffee in China? 

Select an organization with which you are familiar that conducts both domestic and global marketing.

Write a 1,050- to 1,400-word paper in which you identify the environmental factors that affect global and domestic marketing decisions. Address the following as they relate to the organization’s marketing decisions:
·    Analyze the influence of global economic interdependence and the effect of trade practices and agreements.

·         Examine the importance of demographics and physical infrastructure.

·         Analyze the influence of cultural differences.

·         Examine the importance of social responsibility and ethics versus legal obligations.

·         Analyze the effect of political systems and the influence of international relations.
·         Analyze the influence of the Foreign Corrupt Practices Act of 1977, and the influence of local, national, and international legislation.
·         Explain the effect of technology 
Format your paper consistent with APA guidelines.

Resources: Marketing Plan: Phase I Paper, Marketing Plan: Phase II, Paper, Marketing Plan: Phase III Paper
Use the Marketing Plan Outline listed on the student website as a guide.
Write a 6,300- to 7,000-word paper integrating your previous Learning Team assignments into a final Marketing Plan Paper. Address the following information in your paper:

·         Identify the appropriate place and promotional strategy that should be used in developing the strategic marketing plan.

·         Develop an initial sales promotion schedule.
·         Create an advertising plan.
·         Identify public relations opportunities for the product or service.
·         Analyze the effect of channel management decisions on the marketing of your selected product or service.
·         Select appropriate distribution channels for your product or service and address costs in terms of placement, shipping, and middlemen.
·         Develop a budget for your plan.
·         Identify quantifiable elements that can be used to evaluate, monitor, and control the effectiveness of your marketing plan.
Prepare a 15- to 20-minute oral presentation accompanied by 15- to 20-slide Microsoft® PowerPoint® presentation illustrating your Marketing Plan Paper.

Format your paper and presentation consistent with APA guidelines.

Please select a topic that you enjoyed this week.  Explain what it was, why it impacted you, and most important, how you can use it in your life.
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MKT 421 Week 4 complete

DQ 1. What is a distribution channel? What is the relationship between channels of distribution and logistics? How does geographical location affect your selection of distribution channels?
DQ 2. What are the similarities and differences between promotional push strategies and promotional pull strategies? What is an example of a situation in which an organization would use a push strategy? What is an example of a situation in which an organization would use a pull strategy?

DQ 3. What does the term noise mean in marketing? With so much advertising noise in the marketplace, how can a company ensure its message is heard?

Complete the simulation, Using Perceptual Maps in Marketing, located on the student website.
Write a 1,050- to 1,450-word summary in which you address the following for each of the three major phases in the simulation: 
·         The situation
·         Your recommended solutions, including why
·         Your results
Summarize the different marketing components addressed in this simulation by answering the following questions:
·         What is the relationship between differentiation and positioning of products or services? Is the repositioning of the product in the simulation as you had expected it to be? Explain why or why not.
·       What is the effect of the product life cycle on marketing? What effect did the product life cycle have on the product in the simulation? 
Format your paper consistent with APA guidelines.
Use the product or service you selected for your Marketing Plan: Phase I Paper.
Write a 1,400- to 1,750-word paper that includes the following information:
 ·         Describe the attributes of your product or service in detail. 
·         Describe the pace at which your product will move through the product life cycle and the factors that will affect its movement. How will the product life cycle affect the marketing of your selected product or service?
·         Identify the positioning and differentiation strategies for the product or service.
·         Identify the appropriate price strategy that should be used for the product or service. 
Format your paper consistent with APA guidelines.
Please select a topic that you enjoyed this week.  Explain what it was, why it impacted you, and most important, how you can use it in your life.
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MKT 421 Week 3 complete

DQ 1. Select a product with which you are familiar. What stage is your selected product at in the product life cycle? Provide rationale for your answer. Based on your knowledge of the product life cycle, what types of changes will occur to your selected product as it continues through the product life cycle? How will this affect the marketing of your selected product?

DQ 2. Select a product or service. Then select three different organizations that provide your selected product or service and compare the prices associated with your selected product or service. What is the difference between the prices among the different organizations? What is the rationale for this difference? 
Resource: Kudler Fine Foods Virtual Organization
Use the Virtual Organization link on the student website to access additional company information on Kudler Fine Foods.

Write a 1,050- to 1,400-word paper in which you justify the importance of marketing research in developing Kudler Fine Foods’ marketing strategy and tactics. Include the following: 

·         Identify the areas where additional market research is needed.
·         Analyze the importance of competitive intelligence and analysis regarding the development of Kudler Fine Foods’ marketing strategy and tactics.

Format your paper consistent with APA guidelines.
Use the product or service you selected for your Marketing Plan: Phase I Paper.
Write a 1,400- to 1,750-word paper in which you address the following:

·         Identify the segmentation criteria that will affect your target market selection. 
·         Identify your target market.
·         Describe the organizational buyers and consumers of your product or service and the factors that influence their purchasing decisions. Discuss how these factors will affect your marketing strategy.
·         Analyze current competitors and define the competitive landscape for your product or service.
Format your paper consistent with APA guidelines.
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MKT 421 Week 2 complete

DQ 1. What is marketing research? How has the Internet affected marketing research? As a part of your answer, address time, cost, approaches, and validity. Why is marketing research important to developing marketing strategy?
DQ 2. What is competitive intelligence? What is the importance of competitive intelligence and analysis in modern-day marketing? How can a company’s marketing organization ensure that it is able to identify newly emerging competitors in time to plan and execute an effective marketing strategy in response to these competitors?

DQ 3. What are the different types of buyers and consumers? How does the type of buyer or consumer affect marketing strategy? As part of your response, consider the characteristics of buyers and the factors that influence their purchasing decision. How can an organization ensure that their market strategy is appropriate for their target market?

Write a 1,400- to 1,750-word paper in which you describe the elements of the marketing mix: product, place, price, and promotion. Include the following:

·         Select an organization with which you are familiar and describe how each one of the four elements of the marketing mix affects the development of the organization’s marketing strategy and tactics.
·         Describe how each element is implemented.
·         Identify your selected organization and the industry in which it exists.

Format your paper consistent with APA guidelines.

Create a new product or service for an existing organization. This product or service will be the basis for your Marketing Plan Paper. Obtain your instructor’s approval of your product or service before beginning this project.
                                        
Write a 1,400- to 1,750-word paper that includes the following:

·         An overview of the existing organization
·         A description of the new product or service
·         An explanation of the importance of marketing to your selected organization’s success
·         A SWOTT (strengths, weaknesses, opportunities, threats, and trends) analysis on the new product or service
·         The marketing research approach you would use to develop the marketing strategy and tactics for this new product or service

Refer to the Marketing Plan Outline located on the student website for the general framework of the Marketing Plan.

Format your paper consistent with APA guidelines.
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MKT 421 Week 1 complete

DQ 1. What is the definition of marketing? What are the benefits and drawbacks of incorporating marketing into the sales function of an organization? Do you think that marketing should be included as part of the sales organization within a company? Explain why or why not. 
DQ 2. Assume you are the newly hired marketing manager of a company. As you spend time with other peer marketing managers, you realize that the company does not place an emphasis on planning within the marketing organization. Why is planning important in marketing? What are the essential components of a marketing plan? How would you convince your supervisor that the marketing department should produce formal marketing plans?
DQ 3. Select an organization with which you are familiar. How does your selected organization use the different components of the marketing mix? How does the marketing mix affect the development of your selected organization’s marketing strategy and tactics? How can your selected organization use quantifiable elements to evaluate, monitor, and control marketing effectiveness?
DQ 4. What is the definition of marketing? How is it different from sales? 
Write a 700- to 1,050-word paper in which you define marketing.

·         Include your personal definition of marketing and definitions from two different sources.
·         Explain the importance of marketing in organizational success, based on these definitions.
·         Provide at least three examples from the business world to support your explanation. Properly cite sources used in the paper.
Format your paper consistent with APA guidelines.
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MGT 521 Week 6 complete

Review the Example and Practice sections of the Balanced Scorecard Module to practice reading and evaluating the information it presents.
Complete the Assignment section of the Balanced Scorecard Module to evaluate the performance of the organization against established standards. Complete the following:
  • Identify the performance gaps.
  • Recommend actions to reduce performance gaps.
Note. The Balanced Scorecard Module will give you an option to save your assignment in a document on your desktop.
Resources: Personal Professional Development Plan Activity, Parts 1-4 from Weeks 1-3. 
Complete the Personal Professional Development Plan.
Click the Assignment Files tab to submit your assignment.
Read Case Application 1, "Lessons from Lehman Brothers: Will We Ever Learn?" at the end of Ch. 5 of Management. 
Discuss the scenario with your team. 
Discuss the second, third, and fifth discussion questions at the end of the case with your team. 
Answer each question based on your team's discussion in no more than 350 words per question.
Click the Assignment Files tab to submit your assignment.

Complete the Week Knowledge Check.
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MGT 521 Week 5 complete

MGT 521 Week 5 complete

DQ1. How could benchmarking be effectively used to achieve competitive advantage? Provide an example.
DQ2. One standard corporations use to evaluate their performance against their competitors is the set of rankings developed by Fortune magazine. These include the Fortune 500, the 100 Best Companies to Work For, and other lists. The public also uses these rankings to decide to what companies they should give their business; however, should they? Is there an intrinsic value in these rankings, or are they subjective? Should a business set a specific ranking on a list like this as a standard to be met? Support your assertions.
DQ3. The text states that a multinational corporation may need to adapt its control measures across the different locations where it operates, to ensure each measure is relevant in each location. Given this, how can a manager at the home office recommend appropriate actions to reduce performance gaps for the other locations? Is this possible? Explain and support your answer.
DQ4. How has the Sarbanes-Oxley Act (SOX) changed the system of corporate governance in publicly traded organizations in the United States? How has SOX adjusted the decisions managers must make when recommending actions to reduce performance gaps?
Post a short summary of what you have learned this week.

Your manager tells you about a new department the company will be adding that is part of the company’s strategic plan to enter a particular market segment. Your manager would like you to manage one of the teams in this new department. Your manager has put together the team you will be managing. Your new team consists of the members of your current Learning Team.
To be successful in the new market segment, your team must efficiently accomplish the goals set by the company. Your manager, therefore, would like you to develop a leadership approach for each team member on your team based on the theories of leadership and each member’s individual personalities.
Write a memo to your manager of no more than 1,400 words in which you explain how you plan to successfully lead your team. Include the following:
  • Evaluate the individuals, including yourself, based on the personality assessment.
  • Evaluate the situation in terms of urgency, culture, and so forth.
  • Determine leadership approaches, based on individuals and the situation. Highlight the principles you have applied from various leadership theories.
Format your memo consistent with APA guidelines.

Your Learning Team is a team of managers of a customer call center for timeshare vacations. 
Discuss, with your team, the types of control measures you would use to see how efficient and effective an employee is. 
Discuss, with your team, the measures you would use to evaluate the entire call center.
Prepare a 350- to 1,050-word paper detailing the findings of your discussion.

Complete the Week Five Knowledge Check.
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MGT 521 Week 4 complete

DQ1. The Management textbook describes three different types of leadership theories: early, contingency, and contemporary. Which of these leadership theories is the most complementary with your view of leadership and its place in management? Explain and support your answer.
DQ2. The business world today continues to become more globalized, and most managers will find themselves working with at least one team member from a different culture. What are the factors a manager must consider when attempting to lead a team that includes members from other cultures? Do these factors differ, depending on the cultures represented on the team? Why or why not?
DQ3. How can an understanding of organizational behavior help a manager improve employee job satisfaction and decrease turnover? What factors must be considered when gauging job satisfaction?
DQ4. The Management textbook speaks to how managers can manage generational differences in the workplace. Why is it important to ensure generational differences are appropriately handled? Share an example of a misunderstanding you witnessed that was due to generational differences.

Post a short summary of what you have learned this week.

You are a team of managers at a company. Upper management is concerned that the structure of the division your team manages is not accomplishing goals as efficiently as it could. As a result, upper management has tasked you to review the current organizational structure for efficiency and recommend needed changes.
Your team notices the organizational chart has not been recently updated. To begin the task, your team must create an up-to-date organizational chart to determine the efficiency of the current structure. Then, you must create a new organizational chart that represents the recommended structural changes. You will then present recommendations and rationale to upper management. Complete the following tasks to prepare for your meeting with upper management.
Select one team member's company that he or she used to complete the Organizational Planning assignment.
Identify the selected company's current organizational structure. 
Create an organizational chart in Microsoft® PowerPoint® for the current structure of the selected company. 
Discuss, with your team, any structural changes or adaptations to the existing structures that you think should be recommended to improve that company's efficiency and effectiveness.
Decide, as a team, what structural changes or adaptations should be recommended. 
Create an organizational chart in Microsoft® PowerPoint® for the recommended structure of the selected company. 
Justify your team's recommendations in a paper of no more than 1,050 words. If your team recommends that the company structure remain the same, defend your decision. Based on the team's decision, your paper must also include the following:
  • Describe the work that must be completed to accomplish the recommended changes or adaptations. If no changes are recommended, explain what work is currently being done and why it is successful.
  • Describe how the work could be done most effectively. Would the work be completed by individuals, teams, or a combination of both? If no changes are recommended, explain how the work is being completed and why the current method is successful.
  • Justify the selection for how the work could be done and describe the approach that should be used.
Format your paper consistent with APA guidelines.Click the Assignment Files tab to submit your assignment.
Complete the Week Four Knowledge Check.
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