UMKT3012 Understanding Marketing and Events Spring 2019 Coursework Brief Handout: Week 1 Access via GSM Learn Deadline for Submission: Wednesday, XXXXXXXXXX2pm Word Limit: 1,500 words (Plus or minus...

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UMKT3012 Understanding Marketing and Events Spring 2019 Coursework Brief Handout: Week 1 Access via GSM Learn Deadline for Submission: Wednesday, 24-04-2019 2pm Word Limit: 1,500 words (Plus or minus 10%) Learning outcomes assessed: • Explain how special events are defined and classified • Explain the scope and impact of marketing and events within an organisation • Describe the marketing mix and explain its role in a marketing strategy • Apply basic event and marketing concepts (e.g., planning, coordinating, staffing, marketing, segmentation, targeting and position (STP), risk management, evaluation, etc.) This coursework is worth 100% of the total marks for this module. [Type text] UMKT3012 UNDERSTANDING MARKETING AND EVENTS AUTUMN 2017 COURSEWORK BRIEF Coursework Instructions Please read carefully • Carefully read the module handbook, the marking criteria and the grade descriptors. Academic Misconduct You are responsible for ensuring you understand the policy and regulations about academic misconduct. You must: • Complete this work alone except where required or allowed by this assignment briefing paper and ensure it has not been written or composed by or with the assistance of any other person. • Make sure all sentences or passages quoted from other people’s work in this assignment (with or without trivial changes) are in quotation marks, and are specifically acknowledged by reference to the author, work and page. GSM LONDON Page 1 of 10 UMKT3012 UNDERSTANDING MARKETING AND EVENTS AUTUMN 2017 COURSEWORK BRIEF Assignment Questions • 1990: Samsung becomes a world leader in chip production. • 1994: Samsung Motors is formed. • 1996: Lee Kun-hee is involved in a corruption scandal and gets a suspended sentence for bribery. • 1998: Samsung completes the development of flat-screen televisions and begins the first mass production of digital TVs. Samsung Motors delivers its first cars. • 2005: Samsung develops the first speech-recognition phone. • 2007: Samsung Group is accused of political bribery and influence- peddling throughout the South Korean government, judicial branch and the media. • 2012: Samsung Electronics becomes world’s largest mobile phone- maker by unit sales, overtaking Nokia, the market leader. U.S. jurors rule Samsung must pay Apple (AAPL) $1.05 billion in damages for violating six Apple patents on smartphone technology. Using the above case study answer the following questions (your answers will form the main body of your report). 1. Explain how special events are defined and classified. Your definition should draw upon relevant core texts and examples. (LO1--200 words) 2. Explain the key marketing activities undertaken by Samsung and the role events play within their overall marketing strategy. (LO2--200 words) 3. Explain the role of the marketing mix (4P’s/7P’s) and how Samsung uses this to inform their marketing strategy. (LO3—300 words) 4. (a) Samsung is planning an open-air screening of one of their films to promote their brand. How and to whom should they market this event, taking into account: • Segmentation • Targeting and Positioning (LO4—250 words) (b) Discuss some risk management considerations they should take into account when planning this event. (LO4—250 words) http://www.siliconvalley.com/topics?Apple%2C%20Inc. http://markets.financialcontent.com/mng-ba.siliconvalley/quote?Symbol=AAPL GSM LONDON Page 2 of 10 UMKT3012 UNDERSTANDING MARKETING AND EVENTS AUTUMN 2017 COURSEWORK BRIEF Core texts Bowdin et al. (2011). Events Management. 3 rd Edn. New York, Routledge. C.A.Preston (2012). Event Marketing. 2 nd Edn. New Jersey, Wiley. Useful Website https://econsultancy.com/blog/67860-10-examples-of-great-disney- marketing-campaigns Below is an indicative structure for your report: Title Page Table of Contents A list of all the sections, headings, and sub-headings. Appendices and Figures should be provided as well as all page numbers as clearly as possible. Introduction (approx. 150 words) This should show that you have understood the brief and that you will cover everything required. Findings and Analysis (approx. 1200 words) • This is the substance of your report. The structure will vary depending on the material being presented. Headings and sub-headings should be used to indicate clearly the different sections. • Charts, diagrams and tables can be used to reinforce your arguments, although it may be better to include the more complex ones as an appendix. • See client brief on the previous page for more information Conclusion (approx. 150 words) This provides an end to your report through a summary of the important points in your discussion. Remember not to include any new material here. The Reference List The terms reference list and bibliography are sometimes used interchangeably, but here we define the terms as: • Reference list - a list of cited sources, consulted readings, for example a list of textbook sources that you have studied while composing your report. End of Assignment Brief GSM LONDON Page 3 of 10 UMKT3012 UNDERSTANDING MARKETING AND EVENTS AUTUMN 2017 COURSEWORK BRIEF UNDERSTANDING MARKETING AND EVENTS MARKING CRITERIA AND SELF-ASSESSMENT FORM S tr e n g th A d e q u a te N e e d s Im p ro v e m e n t Knowledge and Understanding 50% • Includes all required factual content required by the assignment brief, accurately summarised. All content is relevant. • Demonstrates a clear understanding of: • special events and how they are defined and classified • how an events organisation markets their products and/or services by way of different marketing concepts and strategies • how to apply basic event and marketing concepts • Demonstrates evidence of independent reading and research, beyond standard texts, appropriate to this level. • Demonstrates effective use of class materials to develop knowledge and understanding of key concepts and theories. Intellectual and Cognitive Skills 25% • Material is clearly and logically structured using a suitable report format, with clear communication of ideas. • Includes a well-developed, relevant introduction and conclusion. • Information is selected from a range of relevant sources appropriate to the level (at least 3), and incorporated effectively. • Arguments are well-developed and make effective use of sources. Graduate Skills 25% • The work is within the required word count. • Sources are appropriately referenced using the Harvard style. • Answers are written in a suitably fluent, academic style. • Spelling, grammar and punctuation are accurate. • The work is presented professionally, with appropriate use of fonts, spacing, headings, images etc. GSM LONDON Page 4 of 10 UMKT3012 UNDERSTANDING MARKETING AND EVENTS AUTUMN 2017 COURSEWORK BRIEF GSM LONDON GENERIC ASSESSMENT MARKING CRITERIA LEVEL 3 • Level 3: prepares students to function effectively at Level 4. Criteria for assessment at Level 3 reflect the preparatory nature of these modules. • Students are expected to demonstrate the acquisition of generic learning skills appropriate for self-managed learning in an HE context. Students are expected to demonstrate that they have acquired the underpinning discipline-specific skills, knowledge and understanding necessary to undertake a programme of higher education • These criteria are designed to be a reference point for assessment criteria in all subjects. Where the generic criteria are deemed to be sufficient, they can be used directly for assessing students' learning. KNOWLEDGE & UNDERSTANDING INTELLECTUAL & COGNITIVE SKILLS GRADUATE SKILLS: TRANSFERABLE, EMPLOYABILITY, PRACTICAL AND ACADEMIC SKILLS Factual and conceptual knowledge and understanding; Critical thinking; conceptualisation; creativity; Written, oral and presentation skills; interpersonal, use of class materials; independent reading synthesis, analysis and evaluation; application; problem group and teamwork skills; leadership skills; numeracy; solving and research/investigation digital skills; practical, professional and academic skills (including referencing/presentation) MARKING MODULE CLASSIFICATION WEIGHTED AT 50% WEIGHTED AT 25% WEIGHTED AT 25% BAND LEARNING OUTCOMES 86 - 100% Achieved at FIRST (1ST) Includes all required factual content, accurately Well developed, relevant introduction and conclusions. Within word count or presentation time. this level summarised. Includes relevant factual content only. Clearly and logically structured material. Accurate spelling, grammar, punctuation, paragraphing. Very accurate identification of pre-defined concepts, Information or data selected from highly relevant Fluent, interesting writing style, appropriate to the theories and/or principles, appropriate to this level. sources, and categorised, analysed or evaluated using a assignment OR engaging, confident, audible and well- recommended format. paced presentation. Excellent
Answered Same DayApr 15, 2021UMKT3012

Answer To: UMKT3012 Understanding Marketing and Events Spring 2019 Coursework Brief Handout: Week 1 Access via...

Soumi answered on Apr 19 2021
133 Votes
UNDERSTANDING MARKETING AND EVENTS
STRATEGIC MANAGEMENT OF SAMSUNG
Table of Contents
Introduction    3
Special Events    3
Roles of Marketing Mix (4Ps) of Samsung in Marketing Strategy    4
Outdoor Open-Air Events of Samsung    5
STP Analysis    6
Market Segmentation    6
Targeting    6
Positioning    6
Risk Management Considerations for Samsung when planning Outdoor Events    6
a. Security    6
b. Health & Safety    7
c. Fire    7
d. Crowd control    7
Conclusion    7
References    8
Appendix    10
Introduction
This report aims to demonstrate the definition of special events in reference to Samsung’s marketing strategy of hosting events on a special as well as annual event programs. Samsung has a history of starting humble and their climb up the ladder to success to become the world’s 6th best global brand currently is credited to the company’s marketing activities. Samsung is hailed as the fourth ranked most powerful tech companies in the world with brand value of $92.3 billion (Inc.com, 2019). The marketing mix strategy of Samsung will be discussed in this study in context to the events they host and the way both interrelate and prove to be a win-win strategy for the company. The risks related to the events and the ways the company can tackle with the risks will be highlighted in this study (Shone and Parry, 2010). Additionally, the pre-planning of events by study and analysis with the help of Segmentation, Targeting and Positioning (STP) will be presented in this report.
Special Events
Samsung’s Galaxy Event was hosted to capture fun with the brand in the launch of new device in October 2018. The event was live streamed through Samsung’s website with no prior mention of time and place. In the event, the device launched were truly up to the contemporary demands such as the music accessibility provided by seamlessly switching between devices (Northern Star, 2019). The product was an incremental update to the preceding Note 8. The hallmark change in the Galaxy S9 is the introduction of new dual aperture camera sensor to increase the colour depth and details in the mobile device. A Major event of Samsung is hosting the launch of Galaxy 10, Galaxy F foldable phones and more numbers of exciting devices in San Francisco.
This high-profile major event hosted by Samsung can be defined as top-notch marketing strategy applied by the company. The brand’s upgrades of specifications such as snapdragon 855, exynos 9820 processor, triple cameras high RAM and internal storages are some “top of the line” features expected to improve and develop further by responding to customer’s demands (Northern Star, 2019). Dating back to 1996 Samsung has been providing scholarship fund of $5 million to the American legion resulting to a close 2,000 high school students receiving funds, which helped them to attain undergraduate degrees across the country. The brand believes in giving back to community, therefore, hosts several events for charitable funding towards the needy.
Roles of Marketing Mix (4Ps) of Samsung in Marketing Strategy
The marketing mix strategy refers to the set of actions that an organisation uses to promote its products in the market. Basically, the 4Ps means a typical marketing mix of- pricing, product, promotion and place.
Pricing: Samsung is known to be a market leader in smart phones and gadgets playing a dominant role in markets for home appliances. The two major pricing strategies used by Samsung are skimming price and competitive pricing. For new product launched in the market, the company increases its price than usual (Samsung, 2019). Whereas, for introduction of similar featured products or products that are comparatively more occupied in the market by other brands, Samsung strategizes by competitively pricing it.
Products: Samsung marketing mix comprises of a wide range of products such as mobile devices (Galaxy series, smart watches, tablets, laptops), home appliances (refrigerator, washing machines, air conditioners, cooking appliances), TV (audio and video, accessories, television), Information Technology (printer, monitor), memory storages (SSD, portable SSD, memory card, USB). Owing to the wide ranges of products, Samsung enjoys huge customer following worldwide adding to their revenue.
Promotion: Samsung applies promotional tactics such as advertisement using both traditional and...
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