Marketing Management
Title: Critical
Evaluation of the Contribution of Current Marketing Management Theory and Practice
Word
Count:
3500 words (+/-10%) excluding Appendix and Reference List
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Task
Context:
The demand for tea brands is increasing as health-conscious shoppers
have become aware of the multiple benefits that tea can provide.
Clipper is the UK's No 1 Fairtrade tea brand.
Clipper manufacture and export a wide range of organic and Fairtrade teas and
coffees – from Everyday Blends to Green Tea and infusions. Products
are made with pure ingredients, from the highest quality sources, with nothing
artificial added. The Clipper brand embodies ‘Natural, Fair and Delicious’.
Today, Clipper products are sold in 52 countries around the world.International
trade has become a key part of Clipper’s business, the company has been
exporting Fairtrade and organic teas and coffees around the world for many
years. Clipper Tea was the first Fairtrade tea company in the UK and leads the
market in this area – even helping to set the Fairtrade standards.
You are a newly appointed Chief Marketing Manager and your
role is to evaluate the implementation of market opportunity to launch a completely new and appealing brand within
the Clipper portfolio suitable for
the market in your country. In the formulation of your new brand you
can choose to enter a new category of fast moving consumer goods or remain in
the hot beverages category.
This
assignment is divided into three
elements. You will need to achieve an overall mark of 40% to
successfully complete this module.
In
your role as Marketing Manager:
Part 1.Using appropriate
knowledge of marketing philosophies, concepts and theory, critically evaluate
the strengths of Clipper’s marketing activity
in delivering value with respect its current brands and consumers.(30%)
Part 2.Research and
evaluate the key dynamics and trends in the competitive and external environments.
Identify the key factors that underpin the opportunities for the new brand. Based
on this, ‘suggest’ the potential target market for a new brand and include as
Appendix 1a market research proposal that would enable you to qualify your
‘suggestion’. (note – you are not expected to undertake the market
research) (30%)
Part
3.
In accordance with your knowledge of the marketing planning process make appropriate
recommendations to build a sustainablenew brand. Your suggestions for
implementation must be underpinned with relevant theory and real-life/academic case
studies. (40%)
Your
arguments, findings and recommendations should be supported by theories, facts
and figures published within academic books, journal articles, recognised
business magazines and market intelligence reports.
Assessment Guidance
Part
1.
Students
are expected to critically evaluate marketing management theory with applied
discussion relating to Clipper and its existing
brands. In doing so, students will consider how the organisation
delivers value to consumers through the adoption of marketing theory and
concepts; these may include, however are not limited to; market orientation and
holistic marketing approaches.
Part
2.
Students
should apply relevant frameworks to critically evaluate the competitive and external
environments. Students must demonstrate that they have undertaken research using
a wide range of relevant and current sources which must be referenced. In
this section students will be expected to synthesise the market intelligence
from their research, demonstrating the ability to evaluate what is relevant
and significant for the market. Students will propose a market research
strategy – students are not required
to undertake primary research, this should be a market research plan and will
form Appendix 1 of the report.
Part
3.
From
the knowledge gained in Part 1 and the evaluation undertaken in Part 2 students
will have identified key opportunities to launch and market a new sustainable
brand. Students should provide a product rationale and overview, followed by
formulation of objectives and recommendations. With reference to the marketing
management process students will make recommendations on segmentation targeting
and positioning (STP) strategy, brand building, shaping the market offering through
application of holistic marketing management approaches, and implementation and
control. It is expected that recommendations will be underpinned with relevant
theory and organisational case studies.
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