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Bsbmkg501 assessment 1

25/12/2020 Client: saad24vbs Deadline: 10 Days

BSBMKG501 Identify and Evaluate Marketing Opportunities Assessment 1




BSBMKG501


Identify and Evaluate Marketing Opportunities


Assessment Task 1


STUDENT to complete this section


Student Name


Student ID


Trainer Name


Date Submitted


Candidate declaration— By signing below, I declare that:


I have been advised of the assessment requirements, have been made aware of my rights and responsibilities as an assessment candidate, and choose to be assessed at this time


this assessment work is my own and contains no material written by another person except where due reference is made. I am aware that a false declaration may lead to the withdrawal of a qualification or statement of attainment.


Signed: …………………………………………………….. Date: ………………………….


ASSESSOR to complete this section


Name of Assessor


Date Review Completed


Assessment Sections


First Attempt


Second Attempt


Task 1


Competent NYC


Competent NYC


Assessment 1: Identify & evaluate marketing opportunities

In this assessment you will analyse one of the organisations listed below.


1. Coke / Pepsi - (Global)


2. P & G - (International)


3. Telstra - (Australian)


4. Adam Internet - (Local - Adelaide)


Your task is to find two (2) new marketing opportunities suitable for the Australian market. You will present these ideas and your findings in a report to be presented to the Australian Board of Directors of your company.


Note:


You can complete this assessment either individually or as a group (2-4 people). Discuss with your trainer which option you wish to adopt.


___________________________________________________________________________


1. Identify marketing opportunities


1a. Analyse the business and its’ needs and identify two (2) new marketing opportunities suitable for the Australian market.


1b. Explain the process you used to identify your ideas.


· eg. creative problem solving


· mind mapping


· six thinking hats


1c. Discuss each marketing opportunity with reference to;


· market trends,


· competitor analysis


· contribution to the business


1d. Demonstrate at least 3 entrepreneurial, innovative or creative ways to develop your marketing ideas.


1e. Discuss the marketing principles and marketing mix of your ideas – 4Ps


· product


· price


· place


· promotion


2. Investigate Marketing Opportunities


2a. Identify two (2) organizational goals for your chosen company and discuss how your new ideas fit within those goals.


2b. Evaluate how your ideas will affect the,


· current business viability and


· the current customer base


2c. Prepare a SWOT analysis for each new marketing idea.


INTERNAL


Strengths


Weaknesses


EXTERNAL


Opportunities


Threats


Note: External factors can include;


· Economic


· Technological


· Cultural


· Political


2d From your research, rank each of your marketing ideas in terms of their likely contribution to their business success within Australia. Present these marketing ideas to the trainer and in the class.


New Marketing Opportunities


Idea 1


· Effect on sales


· Market share


· Profitability


Idea 2


· Effect on sales


· Market share


· Profitability


2e On the basis of your research and class discussion determine and communicate the viability of the new idea to the trainer and the class.


3. Evaluate required changes to the current business operations.


3a. Summarise the changes which will need to occur so that your nominated marketing idea can be introduced into the Australian market place.


Summary of Proposed Changes


Resource


Type


Change


Staff


· Number of staff


· Job roles


· Organisational structure


Customers


Infrastructure


Equipment


Marketing


3b. How can you ensure your chosen idea will not affect the quality of customer service existing customers currently experience.


Customer Service Review


Potential Problem


Solution


3c. From the information you gathered in 3a, estimate the possible cost of additional resources.


Resources


Description Approx Cost $


Additional Staff


2 new salespeople


50,000


Estimated Total Cost


4. Legislation


4a. Discuss how your chosen company will comply with the following


legislation acts and codes of practice within Australia.


a. Work, Health and Safety Act, 2009


b. Competition and Consumer Act, 2010


c. Privacy Act, 1988 (cth)


d. Do Not Call Register Act, 2006


e. Australian e-Marketing Code of Practice – March 2005


Please submit the following to your trainer for assessment.


· Completed report and supporting documentation.


Jabin Hopkins Institute of Technology


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