Homework
Objectives:
• Analyze marketing decision support systems and their impact upon marketing management systems
• Analyze marketing decision support systems and their impact upon marketing management systems.
• Analyze the appropriate marketing strategies to apply at each stage of the product life cycle
• Analyze the appropriate marketing strategies to apply at each stage of the product life cycle.
• Assess situations that present potential legal and ethical issues and develop solutions for those issues
• Assess the key factors, such as demographic, economic, natural, technological, political, and cultural developments, that affect marketing strategies
• Assess the major influences in current consumer and organizational buying decisions
• Assess the major influences in current consumer and organizational buying decisions.
• Construct a strategic marketing plan.
• Describe the key factors, such as demographic, economic, natural, technological, political, and cultural developments, that affect marketing strategies.
• Evaluate business situations using critical thinking skills
• Evaluate the opportunities provided by technology for businesses
• Interpret the challenges a company faces in developing new products in today's global economy
• Interpret the challenges a company faces in developing new products in today's global economy.
Details:
This homework has 3 parts.
I. Review the Course Objectives, how will accomplishing these objectives support your success in management? What risks or challenges might a manager encounter if they have not mastered these objectives? Explain.
II. Societal marketing is on the rise, as more companies consider the value proposition of their image beyond just the features and benefits of a product or service. Societal marketing considers issues such as the environment, fair trade, and the overall betterment of society. Select a company that exemplifies giving back to the communities in which it operates. Visit its corporate Web site to find out as much as possible about its contributions to society.
III. Choose a product which you would like to improve upon; determine its current position in the life cycle. Find current two industry leaders related to this product and share each mission statement available from each of their websites.
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.