For this assignment, you will be asked to use the feedback from step 1 to prepare a proposal detailing your proposed project. The proposal is to be written in professional report format and contains...

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For this assignment, you will be asked to use the feedback from step 1 to prepare a proposal detailing your proposed project. The proposal is to be written in professional report format and contains the following:



  • a short, preliminary literature review that places your project within the context of your profession;

  • a focused research aim, and at least one research question; and

  • a research plan, including an overview of your proposed methods of data collection and data analysis; Gantt chart schedule; and clear presentation of data sources.


The required length for this report is
1,750 words
(+/- 10%), excluding preliminaries, reference list, and appendices. You are required to include
at least 10 suitable high-quality peer-reviewed scholarly journal articles
.



Assessment criteria (please click
here
for a detailed marking rubric):





  • Feasibility of project within time-frame

  • Aim and objectives/research questions

  • Preliminary
    critical
    literature review

  • The organization of the project

  • Written communication




Field of Research: To understand the increase in brand awareness of an automotive industry with an increased expenditure on marketing campaigns and innovative ideas. Secondary Data usage: Secondary data from internet, newspaper articles, and analysis reports etc. may be used and also resources are available on market research websites which would give the statistics that are required to understand the market share of the company before and after the marketing campaigns and innovative ideas. The data can be utilized to understand the factors that led to rise in the brand awareness and whether it results, increase in sales or not. The data and the facts and figures would tell us the improvement in brand equity and hence the rise in sales. https://www.adbrands.net/us/gm_us.htm https://www.hyundai.com.au/hyundai-info/news/2015/01/hyundai-achieves-100-000-sales-for-first-time-in-australia http://www.adnews.com.au/news/hyundai-launches-50-million-media-review-in-australia Research Question: To understand the increase in Brand awareness of automotive industry after implementing the marketing campaign and novel innovations which highlighted the benefits of the brand and also to understand the increase in sales with the increase in brand awareness. Utilizing the AIDA model, did the rise in awareness also lead to rise in interest and did it lead to action. RQ1: At what certain level marketing campaign affects automotive industry branding? RQ2: Is auto brand come up with novel innovation performing better in context of market share and sales? RQ3: What are the major factors other than Marketing and innovation that impacts largely on automotive Industry market share? Search Terms: AIDA model, Effects of Marketing Campaign on Brands, Implementation of Marketing Campaigns in a correct way, Development of Sales with increase in brand awareness, Growth in market share after implementing innovation to the auto products. References: Davis, N. (2014). Destination Marketing Insights: How to boost performance, increase customers, and maximize market share. Journal of Teaching in Travel & Tourism, 14(3), 301-303. Maruti Suzuki expects to boost sales for Celerio in Gujarat with Navratri promotional campaign. (2015, September 09). Car Trade India, p. Car Trade India, Sept 9, 2015. Hartnett, N., Kennedy, R., Sharp, B., & Greenacre, L. (2015). Creative That Sells: How Advertising Execution Affects Sales. Journal of Advertising, 45(1), 1-11. Six outstanding automotive marketing campaigns to get your creative motor running. (2018). Retrieved from https://econsultancy.com/blog/62931-six-outstanding-automotive-marketing-campaigns-to-get-your-creative-motor-running Palmer, D. (2018). Brand Awareness for Auto Dealerships. Retrieved from https://blog.palmeradagency.com/blog/bid/300781/Brand-Awareness-for-Auto-Dealerships Halliday, Jean. (2006). GM and Ford spend more, sell less.(American Honda Motor Co., General Motors Corp. and Ford Motor Co.'s advertising expenditures and sales)(Brief Article). Advertising Age, 77(10), 42. Assmus, G., Farley, J.U., & Lehmann, D.R. (1984). How Advertising Affects Sales: Meta-Analysis of Econometric Results. Journal of Marketing Research, 21, 65-74.
Answered Same DayAug 15, 2020BUSN20019Central Queensland University

Answer To: For this assignment, you will be asked to use the feedback from step 1 to prepare a proposal...

Soumi answered on Aug 18 2020
135 Votes
Running Head: MANAGEMENT PROJECT        1
MANAGEMENT PROJECT         4
ANALYSING THE IMPACT ON BRAND AWARENESS OF AN AUTOMOTIVE INDUSTRY WITH INCREASED EXPENDITURE ON MARKETING CAMPAIGNS AND INNOVATIVE IDEAS
Table of Contents
Introduction    3
Conceptual Framework    3
Brand Awareness    3
Influence of Marketing Campaigns on Automotive Industry branding    3
AIDA Model    4
Influence of Innovation on Market Share in Auto Industry    4
Factors other than Innovation an
d Marketing Campaigns    5
Literature Review    5
Research Aim    5
Research Questions    6
Research Plan    6
Data Collection Methods    6
Data Sources    6
Data Analysis    7
Gantt chart    7
References    8
Introduction
Brand awareness is not only the measure of customer’s ability to recognise the brand but also the measure of customer’s potential to associate with the product or service of a brand. It acts as a differentiating factor between competing brands. It creates a bond with customer and ensure repeat purchase and ultimately increase in market share. As stated by Al-Dmour, Al-Madani, Alansari, Tarhini and Al-Dmour (2016), marketing campaigns are the main tool with the companies, through which they introduce their product and attempt to capture the attention of the potential buyer to sell their product and beat the competition. Business with structured marketing campaigns are at substantial advantage than others who do not spend money, and this is especially there in the automotive industry, where lot of companies are offering similar quality products. In such a competitive field, it is the innovative marketing campaigns that can leave some impact on the minds of the consumer, otherwise it is very difficult to make consumer aware about the brand and leave a lasting impact.
Conceptual Framework
The key variables to be discussed in this project report include brand awareness and marketing campaigns.
Brand Awareness
The definition meaning of the term means the extent, to which buyers are aware or familiar with the qualities or features of a companies’ brands of goods and services. As suggested by Huang and Sarigollu (2014), there is a tendency among the section of people in our society to purchase only known branded products. There is a certain element of trust or association connected with the known brand as compared to unknown or unheard brand. As mentioned by Assmus, Farley and Lehmann (1984), there are several components, which makes the brand, which includes every possible touch-point with the brand, for example, images, advertising campaigns, slogans, employees, product or services. Some of the benefits from brand awareness includes increased repeat purchases, market share, sales.
Influence of Marketing Campaigns on Automotive Industry branding
Campaigns are the main method, through which companies introduce their product and services to the customer. Good campaigns follow a structured theme and helps in positioning the product in the minds of the consumer. Some of the marketing campaigns include: relationship marketing, scarcity marketing, online marketing, event marketing, content, tradeshow marketing among others. As mentioned by Halliday (2006), in the Automotive industry, innovative video campaigns have helped brands reach millions. For example, the Chevy the Stuntman video campaign reached more than 115 million viewers. It showcased the safety feature through series of stunts performed by rock stars and extreme sports experts. The campaign was appreciated, and Chevy Sonic cars went up. Similarly, Lexus launched the campaign, ‘Lexus is Mobile’, in which a mobile site was launched with advanced features like main site, where customers could book test drives or communicate with dealerships. This resulted in better conversions and fall in bounce rate (Davis, 2014).
AIDA Model
AIDA model stands for Attention, Interest, Desire and Action. It is used to describe the series of stages, through which potential customer goes in a typical buying-purchase behaviour. It is a purchase funnel, which begins with product awareness and terminates at purchase of it. As explained by Lee and Hoffman (2015), some of the key stages include:
Awareness: It involves the marketing strategy, through which companies make potential consumer aware about their product. It includes print, television, radio, online, mobile, banner, pamphlets among others. Automotive companies use the platform of Auto Expo to showcase the features in their products.
Interest: Once the customer is aware about the product at the...
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