MRK428 - Marketing Strategy and Analysis
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|Last revision date||2016-11-30 13:58:17.603|
|Last review date||2016-11-30 13:59:31.014|
Marketing Strategy and Analysis
This subject uses case analysis, workshops and the preparation of a comprehensive marketing plan to apply related marketing theory and concepts to the creation of effective marketing strategies. Students will analyze and evaluate strategic alternatives and practice strategic marketing management decision making.
MRK428 is a full credit subject for both the 2-year (Marketing) and 3-year (Marketing Administration) Diploma Programs.
Upon successful completion of this subject the student will be able to:
1. Conduct a SWOT Analysis to identify and evaluate market opportunities.
2. Apply knowledge of trends in consumer attitudes and behaviour to marketing planning
3. Formulate a marketing plan that identifies both qualitiesand quantitative marketing objectives; marketing strategy; an implementation schedule, proposed budget and risk management and control and evaluation criteria/mechanisms.
4. Employ research data and the principles of risk management to support the financial components of a marketing plan e.g. sales projections, costs, etc.
5. Evaluate strategies for developing new and modified products in response to changing market conditions.
6. Evaluate alternative distribution strategies to efficiently and effectively manage the supply chain.
7. Create distribution strategies to achieve place objectives
8. Develop both long and short term pricing strategies that take into consideration, buyer behaviour; demand, cost and competitive factors; product assortment; and ethical and legal implications in order to achieve specific organizational objectives.
9. Demonstrate ethical and socially responsible behaviour in marketing strategy and planning.
Essential Employability Skills
Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfils the purpose and meets the needs of the audience.
Respond to written, spoken, or visual messages in a manner that ensures effective communication.
Apply a systematic approach to solve problems.
Use a variety of thinking skills to anticipate and solve problems.
Locate, select, organize, and document information using appropriate technology and information systems.
Analyze, evaluate, and apply relevant information from a variety of sources.
Show respect for diverse opinions, values, belief systems, and contributions of others.
Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals.
Manage the use of time and other resources to complete projects.
Take responsibility for one's own actions, decisions, and consequences.
Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.
To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at email@example.com.
Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.