Identifying and Evaluating Marketing Opportunities
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Identifying and Evaluating Marketing Opportunities
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.
- Coke / Pepsi – (Global)
- P & G – (International)
- Telstra – (Australian)
- 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.
___________________________________________________________________________
- 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
- 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.
- 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
- Legislation
4a. Discuss how your chosen company will comply with the following
legislation acts and codes of practice within Australia.
- Work, Health and Safety Act, 2009
- Competition and Consumer Act, 2010
- Privacy Act, 1988 (cth)
- Do Not Call Register Act, 2006
- 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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