MKT 301 MOD2 SLP
Introduction SLP02 requires you to consider the service you have chosen to market and hopefully, are using to gain a "competitive advantage". Here regard a competitive advantage as something you do better than your competitors in serving your target markets. Note that excluding your title page, the SLP02 section of the marketing strategy should be approximately three pages long. Inclusion of Prior Sections (Not Graded Again) Each time you submit a new section of the Marketing Strategy, include the prior sections, revised in the light of feedback and any further research you have conducted, as necessary. Though these prior sections are not graded again, (they already have been graded when first submitted), including them helps the grader understand your analysis, and enables you to tell a coherent story. For example in SLP01 you described the market and market segments for your firm`s products. Later you`ll provide an analysis of the marketing mix elements, (Product, Price, Promotion and Place), but your analysis of each of these only makes sense in reference to the segments described in the earlier section. If you don`t include SLP01, then the grader won`t know what segments there are, and so won`t be able to make as much sense of your analysis as if you included it. Similarly the various elements of the mix are related to one another and for this reason all prior sections should be included with each new section submitted for grading. Thus it is a REQUIREMENT, for acceptance and grading of your SLP sections that the prior sections, revised if you wish, are included with each new SLP section. If prior sections are not included your grader has been instructed to request the prior sections be included in a new submission and not to grade the paper until received. Thus not inciuding the prior sections will delay the grading of your work. Thus your paper for SLP02 should consist of the following: Title page (see MOD01 instructions for details) The SLP01 section of the strategy - revised as necessary. Three pages approximately. (No need to include the SLP01 title page) The SLP02 section of the strategy - as indicated below. Three pages approximately. References, Bibliography, Appendices etc. The New Section of the Strategy for SLP02 for Grading Make sure you use the following section headings (indicated in bold) for each of the Questions/Issues: 7. COMPETITIVE ADVANTAGE ANALYSIS: How well does the proposed service meet the demands of the market compared with the competition? To help do this analysis: create a Product/Market Matrix. This is a table listing the various segments you identified in the Customer Analysis section for MOD01 and the products which those segments buy. To analyze the competitive situation show the competitors providing those products for each segment in each cell as appropriate. * 8. Which are MY TARGET SEGMENTS your business will focus on and why? Using the information from section 3, present a table that lists the primary potential target markets with information for each drawn from all prior sections to explain your decision as to which you will focus on. 9. Describe THE SERVICE that you will provide using your analysis of yourself, the market and the competition to explain how you reached this conclusion. Describe the People who will deliver the service, the Physical Environment (if any) in which the service will be provided and the Process through which the service will be provided. 10. Statement of your business`s MISSION (what business are you in or what are you supposed to do). 11. The GENERAL OBJECTIVES or GOALS of your business (for example, achieving sales of X% by date A). Write in a succinct, organized, and professional way. DO NOT USE ESSAY FORMAT - you don`t have the space in three pages. REMINDER The MOD01 Background Info section contains "Notes for the SLP" which gives guidance for ALL the sections of the entire SLP. * The MOD01 Background lecture Segmentation has a simple example of a Product-Market Matrix - Slide 9, dealing with the toothpaste market. There is a further example in the presentation about the SLP "Notes for the SLP" accessible on the MOD01 Background Info page. This is a continuation so I have included the first portion of the assignment so that the writer can base the paper to that specific business
COMPETITIVE ADVANTAGE ANALYSIS Name: Grade Course: Tutor`s Name: (08, December, 2010) Competitive Advantage Analysis The company is a mobile company called Best Mobile News Games Ltd (BMNG Ltd) and its mission is to offer people a brief depart of enjoyment over the course of their usual day through offering of diverse and new mobile games. The general objectives of the Best Mobile News Games Ltd (BMNG Ltd) include going beyond the traditional gaming level and provide up to date versions of mobile games in the mobile industry, to be unique in the industry by providing to clients a new means for mobile games enjoyment through special design of games with news weave and to develop to access individuals who are fascinated by the service we offer yet they have not yet played mobile games. The company will provide gaming services in the mobile industry just like other related companies always do but it will strategically attain a competitive advantage over its current competitors by setting its prices to avoidable levels and by providing free some of the company`s game versions for customer sampling (Cram101 Textbook Reviews 2006).The company will also get a competitive advantage by focusing in designing of games with news weave which other companies have not yet provided in the market. The company will target clients aged between 13 and 25 by offer products that allows downloading of appl...