Course Title: Profile the market
Part B: Course Detail
Teaching Period: Term2 2016
Course Code: MKTG7937C
Course Title: Profile the market
School: 650T Vocational Business Education
Campus: City Campus
Program: C4384 - Certificate IV in Marketing and Communication
Course Contact: Julia Makin
Course Contact Phone: +61 3 9925 5175
Course Contact Email: julia.makin@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Vanessa Brancatisano
vanessa.brancatisano@rmit.edu.au
Nominal Hours: 50
Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
Pre-requisites and Co-requisites
None
Course Description
This unit describes the skills and knowledge required to profile a target market or market segments in accordance with a marketing plan and to develop market positioning strategies.
It applies to individuals working in a variety of marketing communications occupational roles who have responsibility for a range of tasks involving analysis and planning.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
BSBMKG401 Profile the market |
Element: |
1. Segment market |
Performance Criteria: |
1.1 Identify criteria for use in segmenting market in accordance with marketing plan 1.2 Identify and access sources of information for segmenting and profiling markets in accordance with marketing plan 1.3 Segment market in accordance with identified criteria 1.4 Review market segments for their usefulness in terms of factors such as their size, potential, distinctive needs, easy identification of members or distinctive media use patterns 1.5 Select market segments to meet marketing objectives, and choose and apply new segmentation criteria if required |
Element: |
2. Identify target market |
Performance Criteria: |
2.1 Evaluate approaches to determining and describing total market for a product or service 2.2 Define target market in terms of consumers to be included as prospective users of a product or service, and selected market segments 2.3 Use segment descriptors to describe target market 2.4 Identify available strategic marketing options and select targeting strategies that best meet requirements of the marketing plan |
Element: |
3. Profile target audience |
Performance Criteria: |
3.1 Describe total market and selected market segments using a consumer profile 3.2 Identify consumer characteristics in standard statistical terms and/or descriptive terms used in media selection in consumer profile 3.3 Use demographic and/or psychographic descriptions in consumer profile in accordance with requirements of the marketing plan 3.4 Describe consumer attitudes to products or services being offered 3.5 Ensure profile meets organisational requirements of language, format, content and level of detail |
Element: |
4. Develop positioning strategy |
Performance Criteria: |
4.1 Identify available positioning strategies and choose a strategy to meet marketing requirements and consumer profile 4.2 Write a positioning implementation plan containing several options, in accordance with organisational requirements 4.3 Submit plan to supervisor within specified timelines and make appropriate adjustments based on feedback |
Learning Outcomes
This course is structured to provide students with the optimum learning experience in order to demonstrate the skills and knowledge required to profile a target market or market segments in accordance with a marketing plan and to develop market positioning strategies.
Details of Learning Activities
A range of in class activities, case studies and face to face delivery will provide a range of learning and teaching experiences for students.
MKTG7937c Profile the market and MKTG7976C Analyse consumer behaviour for specific markets are co-delivered and co-assessed.
<See below for weekly schedule and topics) >
Week 1 will consist of an induction to the course which will include completion of a pre training review and familiarisation with:
• Your teacher(s) and other students.
• Services and facilities
• Student responsibilities
• Where to get support
• Course requirements, key learning outcomes, assessment, feedback and grading.
• Submission requirements and the resubmission policy
• Plagiarism
• Appeals
• Extensions and Special Consideration
• Privacy
Teaching Schedule
Week No |
Date |
Topic |
1 |
4 Jul |
1) Course Induction (2) Overview of the specific technology required for this course: |
2 |
11 Jul |
Value and the consumer behaviour value framework |
3 |
18 Jul |
Consumer learning starts here: Perception |
4 |
25 Jul |
Comprehension, memory & cognitive learning |
5 |
1 Aug |
Motivation and emotions: Driving consumer behaviour |
6 |
8 Aug |
Personality, lifestyles and the self-concept |
7 |
15 Aug |
Attitudes and attitude change |
8 |
22 Aug |
Culture and consumers |
|
|
Mid Semester Break |
9 |
5 Sep |
Group influence |
10 |
15 Sep |
Consumers in situations |
11 |
19 Sep |
Decision-making 1: Need recognition & search |
12 |
26 Sep |
Segmentation, targeting and positioning strategy Documentary: Consuming Kids Toyota Examples. |
13 |
3 Oct |
Marketing ethics, misbehaviour and value. Assessment Two- Part One (Report) Due |
14 |
10 Oct |
Final preparation for assessed oral presentation |
15 |
17 Oct |
Assessment Two- Part Two (Oral Presentations) Due |
16 |
24 Oct |
Student feedback |
Learning Resources
Prescribed Texts
References
Other Resources
Relevant learning resources will be placed on the online learning hub (Blackboard) progressively throughout the semester. You will need to access this site on a weekly basis to ensure that you keep up to date with important information related to this course.
Overview of Assessment
Assessment Methods
Assessment methods have been designed to measure achievement of the requirements in a flexible manner over a range of assessment tasks, for example:
- direct questioning combined with review of portfolios of evidence and third party workplace reports of on-the-job performance by the candidate
- review of final printed documents
- demonstration of techniques
- observation of presentations
- oral or written questioning to assess knowledge of software applications
You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.
Performance Evidence
You must demonstrate evidence of the ability to:
- develop a market positioning strategy that documents market segmentation, consumer profiling, targeting and strategies relevant to a product or service being offered to the marketplace.
Knowledge Evidence
To complete the unit requirements safely and effectively, you must:
- identify relevant information relating to the Australian Marketing Institute Code of Professional Conduct
- outline requirements of legislation affecting marketing roles
- explain data collection and analysis techniques
- outline relevant industry knowledge including:
- components of marketing mix
- elements of marketing planning - explain marketing communications concepts and processes
- identify organisational structures, roles, responsibilities, business and marketing plans
- demonstrate knowledge of relevant product and service standards and best practice models
- outline relevant statistical terms used by the Australian Bureau of Statistics.
Feedback
Feedback will be provided throughout the semester in class and/or online discussions. You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.
You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course.
Assessment Tasks
This course has 2 assessment tasks. You are required to successfully complete all assessment tasks to be deemed competent in this unit.
You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.
Assessment Task 1 – Course Content Quiz
Date handed out: Week #2
Date and time due: Week #7
Individual: This assessment is to be completed individually. The task requires students to complete 30 MCQs pertaining to class content and discussions from Week Two through to Week Seven (inclusive)
Purpose: The purpose of this assessment is for students to demonstrate their knowledge of key Consumer Behaviour and Profile the Market concepts, legislation and their relationship on marketing factors. Competency asks for students to give a working knowledge of these concepts before they have to apply them to practical exercises that may be required in a working environment.
Requirements: Students are required to complete the test in the designated week and class time. The test will assess course content, literature and activities covered from week two to week seven (inclusive of week seven’s content). Students can solely attempt the test once within the designated test time of twenty minutes. The test consists of 30 selected multiple choice questions (MCQs) and requires students to select the one most appropriate answer.
Assessment Task 2 – Part One and Two (Major Group Assessment)
Date handed out: Week #2
Date and time due: Part One: Week #13- report format uploaded to TurnItIn Part Two: Week #15- Presentation to occur in class with submission via Blackboard prior to scheduled presentations. The Group presentation sequence will be randomly selected based on the drawing of a time out of a hat in week 14.
Structure: Assessment Two is to be completed in groups of up to four students
Purpose: This assessment aims to identify student’s ability to discuss core CB concepts of internal, external and situational influences, legislation, ethics, decision making and their relationship to marketing strategy. Students’ must also implement their skills and knowledge towards the written application of the learning throughout the semester in this assessment, by way of designing and justifying their own repositioning strategy for their selected product.
Requirements: The second assessment task requires students to collaborate effectively in designated groups on a major assignment. Assessment Two comprises a current situational, market and consumer analysis of a product of the group’s choice, and an oral presentation to ‘sell’ the group’s strategy in repositioning said product with the inclusion of a 30 Second TVC/ Print/ Billboard Ad, along with justifications of their selected strategy underpinned by core CB concepts relative to their selected target segment(s)
Part One requires students to analyse key internal, external, situational and decision making influences on an approved product/ product range of their choice. They are to report on their findings in a professionally prescribed written document, inclusive of an appendices section detailing group member contribution (which may be used to grade individual student members in the event of poor equity of contribution to the overall task). Much of this work will be undertaken both outside of class time and in the “Practical Sessions”. Students are encouraged to use all the resources at their disposal to provide professionally reasoned solutions to the problems given.
Length: 1500 words (+/- 10%) excluding Cover page, Executive Summary, TOC, References and Appendices
Part Two requires students to reposition their Part One product to a viable consumer segment(s) of their choice and discuss the underlying factors contributing to their chosen strategy inclusive of: - altered positioning with clear perceptual indicators as of importance to the chosen segment, segment identification, objective setting, creative message and media strategy as well as the implication of legislation and ethics on the product’s original strategy and how they’ve accounted for this in their repositioning. Students are required to professionally present and “sell” the above along with the creative execution of their repositioning strategy in the format of an advertisement of the group’s choice (30 Second TVC/ Billboard or Print Ad) with justification of why creative elements were selected and how they would impact the CDMP of the product in question for their selected TM.
Length: Presentation should not exceed 25 Minutes (inclusive of 30 second TVC, if applicable)
This assessment will contribute to final semester marks, which can only occur after competency has been achieved in the previous assessment (Assess 1). You must pass all two assessments to be deemed competent in this subject.
Assessment Matrix
Marking Guide (Competency):
You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.
You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.
Marking Guide (Grading)
After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:
Final Grades table:
CHD - Competent with High Distinction
CDI - Competent with Distinction
CC - Competent with Credit
CAG - Competency Achieved – Graded
NYC - Not Yet Competent
DNS - Did Not Submit for assessment
Other Information
Late Submission Procedures
You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.
If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days.
More Information: http://www.rmit.edu.au/students/assessment/extension
Form to use: http://mams.rmit.edu.au/seca86tti4g4z.pdf
Where an extension of greater than seven days is needed, you must apply for special consideration. Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination.
More Information: http://www.rmit.edu.au/browse;ID=g43abm17hc9w
Form to use: http://mams.rmit.edu.au/8a5dgcaqvaes1.pdf
Resubmissions (VET Programs):
If you are found to be unsuccessful in a Course Assessment Task you will be allowed one resubmission only. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. The highest grade you will receive if your resubmission is successful is “CAG”.
If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.
Adjustments to Assessment:
In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which the assessment arrangements might be granted please access the following website:
More Information: http://rmit.edu.au/browse;ID=7usdbki1fjf31
Course Overview: Access Course Overview