Principles of Marketing
For this assignment, you should refer to your previous work because you now have to think about
the strategic direction in which your chosen company is headed. To do this well you will have to
show that you understand the company and product market background, the environmental
pressures your company faces,
and as well, the competitor pressures, all subjects of your previous
tutorial assignments.
The first section asks you to analyse your chosen brand’s position in the market place and the
dimensions on which it is differentiated from competitors.
Sections two and three asks you to identify the market segments that
your brand is targeted towards,
make recommendations for new or additional market segments, and make recommendations as to
how your brand’s product(s) should develop.
The framework below suggests that all strategic innovations can be thought of in terms of innovation
to the market or innovation to the product. Using this framework
should help you in organising your
thoughts, comments, suggestions and recommendations.