The MMIP Project

Please note that you MAY NOT select a COMPANY for the MMIP.  You must select a specific product or service.  From the syllabus: Each student must choose a new or existing product/service to analyze for the Marketing Management Individual Project (MMIP). No two students can work on the same product/service.

For example, you might select AHA sparkling water as a specific product offered by the Coca-Cola Company, but you could not just select Coca-Cola as a company.

A good research paper is built on solid research.  The better your research (targeted, current, credible, etc.), the better chance you have of writing a good research paper.  For the MMIP project, credible business publications such as the Wall Street Journal, Fortune, Ad Age, etc. count as scholarly sources.

To search for specific journals, first head to the main JFL website: https://www.liberty.edu/library/ and click on Journal by Name under “Research” at the bottom of the page.  This should be right across from the slideshow on the homepage.  From there, they can type in the name of the journal they are looking for in the search bar to see if we have it available.  Once you select one of the journals, you’ll find where it can be accessed under the “View Online” heading.  Selecting one of those options will bring you to the database where you can view the journal.

As an example, I found that the Wall Street Journal could be accessed using ABI Inform.  I went to that site and typed in LG TV and found 356 articles in the Wall Street Journal that dealt with LG TVs.
Length of Weekly MMIP paper

If we assume 200 words per question each week times approximately 5 questions per week , that leads to a 1000 word-count approximation for each weekly paper.  The 200 words per question allows the student to answer the question comprehensively but succinctly.  I’m hopeful that students will learn how to write an initial draft of a paper and then edit that draft to reduce the number of words while improving the clarity of their writing.  It’s a challenge I know, but I think writing succinctly is a great skill to learn especially when dealing with business audiences.  Thus, attempt to keep each weekly MMIP paper to approximately 1000 words.  This agrees with the final MMIP paper rubric (week eight) where the body of the report is to be 5,0007,250 words in length (not counting the title page or reference pages).

Assignment Content

Read the following article.

https://www.entrepreneur.com/article/232029

It shows you how to identify keywords for a website. You can also then run this same report on competitors. Choose a website and enter it into the search tool. Provide a 1-2 page document (feel free to include screen shots) on the keywords of the site you have chosen. Provide your thoughts on any additional keywords you think this organization should include.

Respond to the following:
Provide an example of how marketers use technology to improve customer retention and enhance their bonds with customers? Select a brand or retailer to complete this assignment.

Guidelines
Please use APA formatting. Your paper should be 2-3 pages in length.
Please use the textbook or an outside source to research and support your assignment and include a citation.

Paper Instructions:  For this Module 1 SLP Assignment, you are required to apply application to Product/Service- “Women’s foundation Make-up”. Research is required. The written assignment requires an Intro (2-3 sentences), Body, Conclusion (2-3sentences), in-text citations and References, written in third person. Please show clearly in the written report the topics from the Mod1SLP being answered directly & entirely and follow the attached Template. Use the overview attachment for references. There are hyperlinks that requires instruction and Very important, please use schools library as directions Research Instructions state as a MUST requirement. Also, be careful of paragraph construction and using very long paragraphs. Develop a single idea (based off subtitles) in a paragraph rather than multiple ideas, which can impede readability and understanding. “Women’s foundation makeup” is the product selection.

Instructions
For this assignment, you will utilize the sports product, service, or event that you selected in Unit I, and you will address the prompts below in a two-page essay.
Identify the concepts and strategies utilized in the pricing of your sports product, service, or event.
Identify pricing concepts and strategies that will promote your sports product, service, or event.
Prepare a pricing plan that will explain the various pricing options available in the sports marketing mix for your sports product, service, or event.
Below are other items listed that you may want to include in your paper (you are not required to include all of these items; they are just here to help inspire your paper):
competition: price/non-price;
consumer demand: elastic/inelastic;
cost: fixed/variable;
discounts: quantity/seasonal;
economy;
internal/external factors;
price: adjustments/reductions;
sales;
social concerns; and
technology.
Utilize at least one of the articles below to assist you with this assignment.
Drayer, J., & Rascher, D. (2013). Guest editors’ introduction: Sport pricing research: Past, present, and future. Sport Marketing Quarterly, 22(3), 123128. Retrieved from https://libraryresources.columbiasouthern.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=90262137&site=ehost-live&scope=site
Shapiro, S. L., Dwyer, B., & Drayer, J. (2016). Examining the role of price fairness in sport consumer ticket purchase decisions.  Sport Marketing Quarterly, 25(4), 227240. Retrieved from http://link.galegroup.com.libraryresources.columbiasouthern.edu/apps/doc/A491086075/AONE?u=oran95108&sid=AONE&xid=d005c869
Your assignment must be at least two pages in length, not counting the title page and references page. Include at least two sources to support your findings; one of those sources must be an article listed above. All sources used must be referenced and cited per APA Style guidelines.

Instructions
In Unit V, you selected your favorite brand( JORDAN BRAND) and described the reasons why this brand is so appealing to you. For this assignment, you will use your favorite brand to create an analysis that identifies the strategic direction of price and promotion.
In this assignment, you will research and provide pricing examples that compare and contrast various factors that influence promotional strategies for each of the five pricing strategies: premium pricing, penetration pricing, economy pricing, psychological pricing, and promotional pricing.
Next, you will determine which pricing strategy is represented by your brands price and discuss why (or why not) the pricing strategy is effective.
Finally, you will discuss if the pricing strategy is aligned with the messaging strategy in the promotions. For example, if the pricing strategy is premium pricing, do the promotions communicate the high value of the brand?
You must reference at least two articles from business-related or news websites. All paraphrased and quoted material must be cited and referenced. You will create a four-page Word document, not counting the title and reference pages.

Sports Sponsorship Program
For this assignment, you will write an essay with a strong introduction to propose and plan a sponsorship program that will promote the sports product, service, or event that you selected in Unit I.
Utilize Chapter 11 and Figure 11.1 on page 442 of the textbook to describe and explain the elements of the promotional mix for your proposed sponsorship program:
sponsorship objectives,
sponsorship budgeting,
sponsorship acquisition, and
sponsorship implementation and evaluation.
Make sure you complete the steps listed below.
Explain the impact that sponsorships have on the globalization of sports.
Address the relationship between ethics and sponsorship that may impact the sponsorship program.
Utilize elements of the promotional mix in a sponsorship program.
Remember that you will be using this sponsorship program to further promote your sports product.
Your essay must be at least two pages in length, not counting the title page or references page. Include at least two sources in your essay to support your findings. Adhere to APA Style when constructing this assignment, and make certain to include in-text citations and references for all sources that are used.

A presentation has the power to share an idea, to persuade an audience, to start a movement, and to change the world. Effectively communicating an idea through the spoken word is what makes businesses and careers successful. Instructions After completing your Module 6 Readings and Lessons, visit TED.com (Links to an external site.). According to its website, TED is “a nonprofit devoted to spreading ideas, usually in the form of short, powerful talks (18 minutes or less). TED began in 1984 as a conference where Technology, Entertainment, and Design converged, and today covers almost all topics from science to business to global issues in more than 100 languages. Meanwhile, independently run TEDx events help share ideas in communities around the world” (Source (Links to an external site.)). Browse TED.com and identify one presentation that applies the best practices of an effective speech as identified in Resonate and in Treasure’s video. In this discussion forum, complete the following: Post a link to the TED Talk presentation you watched. Below this link, explain how the TED Talk you watched creates meaningful content as outlined by Chapter 5 of Resonate. Explain how this TED Talk utilizes structure to reveal insights as outlined by Chapter 6 of Resonate. Explain how this TED Talk delivers something the audience will always remember as outlined by Chapter 7 of Resonate. Explain how this TED Talk embodies the concepts covered in the video lessons from Chris Anderson and Julian Treasure. Be sure to post your Module 6 Discussion Original Post by the 4th day of the module week. Ill Provide additional information through messages

INTRODUCTION
Marketing managers for global organizations are often asked to evaluate the feasibility of new products and services and predict their profitability for the organization. For this task, you will select a business that would like to develop new products and services in order to attain a competitive advantage in the global market. You will first consider the products and services the company currently offers and recommend new products and services that have the most potential for profitability based on your evaluation. You will then identify the target market and consider how you would reach that market using traditional mass media and social media for the launch and beyond.

For example, a natural foods company may need to begin offering an online ordering system to remain competitive. If you discover a market exists for a new natural food product that is desired in other countries but not readily available there, this might be a good product to recommend adding, but you should first determine whether it is feasible.

Select a business from one of the industries listed below:

agriculture

banking

hospitality

healthcare

retail

transportation

technology

Note: Please choose a business that can be adapted to a global market. Any information that would be considered confidential, proprietary, or personal in nature should not be included in the actual task submission to WGU. Do not include the actual names of people, suppliers, the organization(s), or other identifiable information. Fictional names should be used. Also, organization-specific data, including financial information, should not be included but should be addressed in a general fashion as appropriate. Work performed for a client or an employer is their property and should not be used without written permission.

REQUIREMENTS
Your submission must be your original work. No more than a combined total of 30% of the submission and no more than a 10% match to any one individual source can be directly quoted or closely paraphrased from sources, even if cited correctly. The originality report that is provided when you submit your task can be used as a guide.

You must use the rubric to direct the creation of your submission because it provides detailed criteria that will be used to evaluate your work. Each requirement below may be evaluated by more than one rubric aspect. The rubric aspect titles may contain hyperlinks to relevant portions of the course.

Note: Assessment should be submitted in Microsoft Word or PDF format.

A.  Develop a proposal for your chosen businesss global strategic marketing plan in which you do the following:

1.  Identify two new products and/or services that the company can sell or offer to a global market.

a.  Discuss three different methods you used to determine that there is both a need as well as an existing global market for these products and/or services.

b.  Explain one competitive advantage that the company will gain by offering these new products and/or services to a global market.

c.  Discuss two inherent risks associated with launching the new products and/or services to a global market and how to minimize these risks.

2.  Discuss the customer relationship management (CRM) software system you prescribe to track product and/or service inquiries and sales.

a.  Explain how the information generated by the CRM software will be used to continue to drive CRM practices and track sales in a global market.

3.  Discuss at least one distribution channel for the two new products and/or services.

a.  Analyze key considerations for entering a global market (e.g., regional trade alliances, agreements, environmental forces).

b.  Analyze how the global supply chain may affect the product or service.

4.  Discuss a major pricing strategy (i.e., cost plus pricing, competition-based pricing, break-even-based pricing, penetration-based pricing, premium pricing) aligned to your products and/or services position within the overall market strategy of the global marketplace.

a.  Identify costs associated with developing and launching the new products and/or services.

b.  Evaluate consumer acceptance of the price set for the new products and/or services.

c.  Evaluate competitor prices for similar products and/or services.

5.  Discuss the promotional strategy you will use to promote your products and/or services in a global market.

a.  Identify two mass media and two social media channels you would use to promote your new products and/or services in a global market.

i.  Justify why you chose these channels based on market segmentation (e.g., demographics, psychographics, behavioral characteristics)

b.  Discuss two sales promotion activities (e.g., coupons, games, contests, sweepstakes) you would use to promote your new products and/or services in a global market.

B.  Acknowledge sources, using in-text citations and references, for content that is quoted, paraphrased, or summarized.

C.  Demonstrate professional communication in the content and presentation of your submission.