In this assessment, you will continue to use the country and focus organisation you worked on in Assessment 1. Here you will develop the next steps in their international marketing plan.
Part 1 of Assessment 2 requires you to evaluate all realistic market entry options for this organisation in your target country market (typically at least three, including your preferred option). These options should be discussed, covering advantages and disadvantages, how they might work and reasons for adopting or discarding each one, within the context of your company and the chosen market.
In Part 2 of Assessment 2, it is now necessary to identify potential market segments (target markets) in the chosen country and consider how they might be serviced by your organisation. You must show your understanding of the concepts involved and your ability to think through and express marketing strategy options. In justifying your choice for the STP strategies, you must:
· Explain the strategic approach you used to segment the market, and justify why you have selected particular target market segment(s) in the chosen market. These may be within the B2B sector, B2C or a combination; and
· Identify your recommended positioning strategies for each target market.
Rationale
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This assessment task will assess the following learning outcome/s:
- be able to analyse the elements of the global marketplace.
- be able to critically evaluate global marketing opportunities.
- be able to interpret and assess the impact of marketplace variables on marketing practice in the global marketplace.
- be able to select markets and justify market entry options.
- be able to effectively communicate recommendations of a global marketing strategy.
This assessment has been designed to:
· demonstrate the application of the knowledge gained in the subject to the development of strategies in an international market;
· allow you to develop your information searching and critical thinking skills; and provide you with further experience in academic writing
On successful completion of this assessment, you should:
· be able to interpret and assess the impact of marketplace variables on marketing practice in the global marketplace;
· be able to select markets and justify market entry options; and be able to create justifiable and effective marketing strategies.
The document should be a maximum of2,500 words. Feel free to use headings/sub-headings to highlight changes in topic.
An ideal assignment is your opinion, supported by evidence from respected/reliable sources, expressed in your own words, and fully referenced as to the source of ideas, facts and quotations. ‘In your own words’ is critical in displaying your understanding of the material, rather than being expert at copy and paste.
Use Turnitin to check that you have fully paraphrased all your material. Any Turnitin result >15% (excluding reference list) suggests that you have over used other people’s words. Revise, and resubmit your paper to Turnitin.
Any use of Wikipedia as a source for the assignment will result in an automatic zero mark, as it is not a reliable source.
Please refer to the CSU referencing guidehttp://student.csu.edu.au/study/referencing-at-csu. In addition, a very useful tool for you to use that demonstrates how to correctly use in text referencing and the correct way to cite the reference in your reference list can be found athttps://apps.csu.edu.au/reftool/apa-6
Requirements
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This assignment must be submitted through Turnitin.
It is recommended thatyour name,student IDandpage numberare included in theheader or footerof every page of the assignment.
Further details about submission in Turnitin are provided in On-line submission.