MRKT 310 UMUC Marketing Principles Discussion
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Step 1: Refer to the company for the same product/service used for Weeks 4, and 6 assignments.
Refresh your knowledge of relevant concepts from prior course learning.
- Use the same company and product/service you used for Weeks 4, and 6 for this assignment.
- Step 2: Respond to each of the following questions as they relate to the company. The company is your client.
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- Format this assignment as a PowerPoint presentation.
- Your presentation must be no more than 12 slides (not including title slide, index slide, and references slide).
- Respond to all the questions in each section.
- Your presentation must meet the research and references requirement in Step 3.
- Use bullet points and images to convey meaning where possible instead of blocks of text.
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- Ready for Future Customers? How will your client market this product/service to potential customers in Generations Z and Alpha? Is your client ready to do so?
- Describe Gen Z in terms of behavioral, demographic, and psychographic characteristics. Chapter 2 Generation Gap in Marketing 5.0
- Using words and images, explain your client’s readiness to market this product/service to Gen Z. What changes would you recommend for the future (5-10 years)?
- Describe Generation Alpha in terms of behavioral, demographic, and psychographic characteristics.
- Using words and images, explain your client’s readiness to market this product/service to Gen Alpha. What changes would you recommend for the future (5-10 years)? Be sure to consider all aspects of the marketing mix for this product/service (e.g., product, promotion, distribution, and pricing strategies).
II. Ready for the Digital Future?
Kotler et al. (2021) say: “In Marketing 5.0, businesses need to demonstrate to customers that the correct applications of technology may improve human happiness (p. 66).” Is your client using technology to improve human happiness?
- How well do the technologies currently implemented by your client for this product/service address the digital divide? What changes would you recommend for the future (5-10 years)? See Chapter 4 Digital Divide in Marketing 5.0.
- Refer to Figure 4.2, the Technology Compass. Assess your client in the six aspects of the compass Chapter 4 Digital Divide in Marketing 5.0. How well do the technologies currently implemented by your client for this product/service provide personal, social, and experiential customer solutions? What changes would you recommend for the future (5-10 years)?
III. Positioning [insert product/service name] for the Future.
Provide a summary of your assessment and recommendations.
- How well has your company positioned this product/service to market Gen Z and Generation Alpha?
- Make recommendation(s) for how to better position this product/service for marketing to Gen Z and Alpha.
- How well is your company implementing technology for this product/service offering in terms of addressing the digital divide, providing personal, social, and experiential customer solutions?
- Make recommendation(s) for how to better implement technology in this offering to deliver superior customer experience for the future (5-10 years).
Step 3: Format your submission as a PowerPoint presentation to comply with these requirements.
Communicate your analysis in a Microsoft PowerPoint document formatted as a professional presentation. This assignment must be 12 slides or less in length, not including title, index, and references slides. See Creating Effective PowerPoint Presentations for Marketing
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