College Marketing · Ms. Erikson’s Strengths and Weaknesses . Strengths • Masters Degree •...
Transcript of College Marketing · Ms. Erikson’s Strengths and Weaknesses . Strengths • Masters Degree •...
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College Marketing
Unit 2
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AIM: What is a SWOT Analysis? How would a SWOT Analysis be used by an organization to evaluate their place in the market? Do Now: Take a Do Now slip, answer: • You are on an interview for your dream job. • The interviewer asks you to tell them one of your
strengths and one of your weaknesses. – Write one of your strengths and one of your weaknesses on
the Do Now side of the slip.
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Ms. Erikson’s Strengths and Weaknesses
Strengths • Masters Degree • Earned a 4.0 in graduate
school • Communication Skills • Amazing teacher!
Weaknesses • Time management • Overconfident in lesson
plans
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Question
Explain the importance of looking at your own strengths and weaknesses.
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SWOT Video
https://www.youtube.com/watch?v=uA5ikRm6yNo
Take notes as you watch the video.
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SWOT Analysis What is a SWOT Analysis? • A study undertaken by an organization to identify
its internal strengths and weaknesses, as well as its external opportunities and threats.
• Strengths: what you have going for you • Weaknesses: anything that can be improved
upon • Opportunities: leads that you can focus your
energy on • Threats: obstacles that you must surpass
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SWOT Analysis
• Transfer your Strengths and Weaknesses from your Do Now to your Personal SWOT Analysis sheet.
• Try to add two more of your strengths and two more of your weaknesses to the SWOT Analysis sheet.
• You have 3 minutes!
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SWOT Analysis What is a SWOT Analysis? • A study undertaken by an organization to identify its
internal strengths and weaknesses, as well as its external opportunities and threats.
• Strengths: what you have going for you • Weaknesses: anything that can be improved upon • Opportunities: leads that you can focus your energy on • Threats: obstacles that you must surpass • You have 5 minutes to think of your Opportunities &
Threats that may impact your goals. – Fill them in on your Personal SWOT Analysis sheet.
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Ms. Erikson’s Opportunities & Threats
Opportunities • Positive trends in the
teaching field • More jobs openings • Getting administrative
degree
Threats • Lack of time • Fear of failure • Teachers with more
experience
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Groups • You have one minute to move your desks into
groups.
Desk 1
Desk 3
Desk 2
Desk 4
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Personal SWOT Analysis
• As a group, look at everyone’s SWOT Analysis and choose the student who seems most appealing.
• You have 1 minute to come to an agreement based on their strengths, weaknesses, opportunities and threats.
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Schreiber SWOT
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Recommendation
Based on the SWOT Analysis you just conducted, what recommendation would you give to this
organization?
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Question
Explain the importance of an organization looking at their strengths, weaknesses,
opportunities and threats.
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Exit Summary
On your Exit Slip answer: How would a SWOT Analysis be used by an organization to evaluate their
place in market?
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Exit Summary
On your Exit Slip answer: How would a S.W.O.T. Analysis be used by a company to evaluate their place
in market?
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AIM: How do organizations evaluate their internal strengths and weaknesses and external threats and opportunities?
Do Now: • Take a post it.
– Write down one goal you have for yourself.
• Take out your personal SWOT Analysis from last class.
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Exit Summary
On your Exit Slip answer: How would a S.W.O.T. Analysis be used by a company to evaluate their place
in market?
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SWOT Analysis What is a SWOT Analysis? • A study undertaken by an organization to identify
its internal strengths and weaknesses, as well as its external opportunities and threats.
• Strengths: what you have going for you • Weaknesses: anything that can be improved
upon • Opportunities: leads that you can focus your
energy on • Threats: obstacles that you must surpass
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Goals
• Organizations want to make sure their goals are SMART. – Specific – Measurable – Attainable – Realistic – Time Bound (contain a time frame)
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Schreiber SWOT
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Internal Strengths & Weaknesses • Company Analysis
– Staff – Finances – Marketing Mix
• Customer Analysis – Study the customer
• Competitive Position – Market share
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External Opportunities & Threats • Competition – KNOW YOUR COMPETITORS • Environmental Scan - An analysis of outside
influences that may have an impact on an organization. – Political – political issues, changes in laws &
regulations • Example: Do Not Call Registry (2003)
– Economic – current state of the economy • Example: Recession
– Socio-Cultural – changes in customers and potential customers attitudes, lifestyles and opinions.
• Example: Non-GMO products – Technological – changing technology
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When a company looks at itself internally and an conducts and environmental scan, it can develop
strategies to deal with its weaknesses and challenges and best use it’s strengths and
opportunities.
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Company SWOT Analysis
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Company SWOT Analysis
You are now an corporate employee of this company.
With your co-workers, complete the SWOT
Analysis for your company.
You have 12 minutes!
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Homework • Read the Case Study and SWOT Analysis:
“Ronald McDonald’s Goes to China”. • Complete the SWOT Analysis sheet using the
findings in the article. – Do you agree with the recommendation?
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AIM: Explain what a marketing plan is and it’s purpose.
Do Now: • Take out your notebook & copy Aim. • Take out your HW
–“Ronald McDonald’s Goes to China” SWOT
–Revised Personal SWOT
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SWOT Analysis What is a SWOT Analysis? • A study undertaken by an organization to identify
its internal strengths and weaknesses, as well as its external opportunities and threats.
• Strengths: what you have going for you • Weaknesses: anything that can be improved
upon • Opportunities: leads that you can focus your
energy on • Threats: obstacles that you must surpass
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Company SWOT Analysis
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Internal Strengths & Weaknesses • Company Analysis
– Staff – Finances – Marketing Mix
• Customer Analysis – Study the customer
• Competitive Position – Market share
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External Opportunities & Threats • Competition – KNOW YOUR COMPETITORS • Environmental Scan - An analysis of outside
influences that may have an impact on an organization. – Political – political issues, changes in laws &
regulations • Example: Do Not Call Registry (2003)
– Economic – current state of the economy • Example: Recession
– Socio-Cultural – changes in customers and potential customers attitudes, lifestyles and opinions.
• Example: Non-GMO products – Technological – changing technology
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What are some local businesses in the Port Washington area?
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Marketing Plan • Executive Summary – brief overview of the
company and the marketing plan • Overview of Current Business
– Situational Analysis • SWOT Analysis • Environmental Scan
– Target Market • Market Segmentation
– Marketing Mix (4Ps) • Marketing Objectives - goals • Marketing Strategy Summary - recommendations
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Assignment
Your objective is to create a marketing plan for an actual Port Washington business.
• Your plan and presentation should review what the business is currently doing effectively and state future recommendations (and reasons for those recommendations).
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Marketing Plan • Executive Summary – brief overview of the
company and the marketing plan • Overview of Current Business
– Situational Analysis • SWOT Analysis • Environmental Scan
– Target Market • Market Segmentation
– Marketing Mix (4Ps) • Marketing Objectives - goals • Marketing Strategy Summary - recommendations
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Homework
• Visit the business you are going to write about in your marketing plan. – Observe the clientele – Speak to the owner or employees
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AIM: How do I create a marketing plan for a business? Do Now: • Take a chrome book and log on. • Go to the Schreiber High School website. • Take out your Marketing Plan from the previous
class.
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Marketing Plan
• A formal, written document that directs a company’s activities for a specific period of time.
• A marketing plan does many things: – Provides a roadmap for how a product will enter
the market, be advertised and sold. – Communicates goals, objectives and strategies. – Helps a company monitor their performance.
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Marketing Plan • Executive Summary – brief overview of the
company and the marketing plan • Overview of Current Business
– Situational Analysis • SWOT Analysis • Environmental Scan
– Marketing Strategies • Target Market
– Market Segmentation • Marketing Mix (4Ps)
– Marketing Objectives - goals • Summary - recommendations
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Internal Strengths & Weaknesses • Company Analysis
– Staff – Finances – Marketing Mix
• Customer Analysis – Study the customer
• Competitive Position – Market share
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External Opportunities & Threats • Competition – KNOW YOUR COMPETITORS • Environmental Scan - An analysis of outside
influences that may have an impact on an organization. – Political – political issues, changes in laws &
regulations • Example: Do Not Call Registry (2003)
– Economic – current state of the economy • Example: Recession
– Socio-Cultural – changes in customers and potential customers attitudes, lifestyles and opinions.
• Example: Non-GMO products – Technological – changing technology
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Marketing Plan Assignment Today’s Goals:
– Complete Executive Summary – Complete Situational Analysis – Complete the Marketing Mix (4P’s)
• Type in a word document – Size 12 font – Times New Roman, Arial, Calibri, Cambria
• Create a cover page for your marketing plan – Name of Company “Marketing Plan 2016-2017” – Address – Picture
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AIM: Explain the concept of segmentation and analyze a target market. Do Now: • Take out your notebook and copy down the
Aim.
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Who is this ad targeting?
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What are the two, broad ways of planning target-market activities?
1. Mass Marketing 2. Marketing Segmentation
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Mass Marketing
A Mass Market is the overall market or group of people who might buy a product or service. Products that appeal to nearly everyone have mass markets.
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Market Segmentation
• The process of classifying people who form a given market into even smaller groups based on common characteristics, and then marketing to that one particular group. Businesses look for ways to connect with current and potential customers. The surest way to make that connection is to know these people well. This
means knowing where they live, their income level, age, ethic background, activities, values and
interests.
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Market Segmentation Factors • Demographics
– Age – Gender – Income – Marital Status – Ethnic Background – Education – Occupation
• Geographics – Local – Regional – National – Global
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Market Segmentation Factors
• Psychographics – Grouping people with similar lifestyles – Attitudes – Activities – Personality – Value
• Behavioral – Benefits desired by customer – Shopping patterns – Usage rate
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Market Segmentation Demographics Geographics Psychographics Behavioral
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McDonalds
https://www.youtube.com/watch?v=RcRFBVIvJHw
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Betty Crocker Cake Mix MARKET: • Demographic: female, 25-45, married, children living at home, low-
middle income, a homemaker or only employed part-time outside the home
• Psychographic: enjoys baking • Geographic: rural or city in any region • Behavioral - Product Usage: is a regular user of cake mix products. Summary: • In general, a stay-home mom or part-time mom is more likely to bake
cupcakes and cakes for her children and others. A “stay-home” mom is usually between the ages of 25-45 who is normally married. The word “mom” indicates that there are children living in the home. The reason for choosing low- middle income includes the fact that most higher income mothers, even stay-home mothers, will more likely pay to have someone else bake the cakes/cupcakes because of their busy required social activities. There really is no particular geographic for this group as celebrating children and activities is a regular activity in homes with children in all locations.
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Instructions: Choose one of the items below. 1. Identify the market segment 2. Give a summary paragraph(minimum of five useful sentences) explaining why you believe this is an appropriate segment. 1. A cruise of the Caribbean during February 10-17. $1,500 per
person. 2. An mp3 and “read-along” picture book of The Lion King. $6.99 3. A “Genie” brand garage door opener not installed. $192 4. Tickets to performance of Shakespeare’s Merchant of Venice at
the Performing Arts Center. $33 per ticket. 5. Embroidered Collegiate Sweater. $35 6. “The Club” WIN 1000 auto security system. $45 7. A yoga exercise video. $19.95 8. A small 2’ X 2’ X 2’ refrigerator. $110 9. Baldwin Baby Grand Piano. $23,000 10. Subscription to Netflix. $10 a month with the offer of a “free one
month trial”
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Marketing Plan • Executive Summary – brief overview of the
company and the marketing plan • Overview of Current Business
– Situational Analysis • SWOT Analysis • Environmental Scan
– Marketing Strategies • Target Market
– Market Segmentation • Marketing Mix (4Ps)
– Marketing Objectives - goals • Summary - recommendations