Course Title: Profile the market

Part B: Course Detail

Teaching Period: Term1 2015

Course Code: MKTG5815C

Course Title: Profile the market

School: 650T Vocational Business Education

Campus: City Campus

Program: C4227 - Certificate IV in Advertising

Course Contact : Sally Parrott

Course Contact Phone: +61 3 9925 5175

Course Contact Email:sally.parrott@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Katie Crandon

Ph: + 61 3 9925 5486

Email: Katie.crandon@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 applies to individuals working in a marketing team who are responsible for segmenting a target market to review alignment with organisational marketing objectives. This involves identifying viable market segments and profiling target consumers, and then defining the target market in more detail and developing strategies to position products and services.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBMKG401B Profile the market

Element:

1. Segment the market

Performance Criteria:

1.1. Identify criteria for use in segmenting the market in accordance with the marketing plan
1.2. Identify and access sources of information for segmenting and profiling markets in accordance with the marketing plan
1.3. Segment the 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 the target market

Performance Criteria:

2.1. Evaluate approaches to determining and describing the total market for a product or service
2.2. Define the target market in terms of the consumers to be included as prospective users of a product or service, and the selected market segments
2.3. Use segment descriptors to describe the target market
2.4. Identify available strategic marketing options and select targeting strategies that best meet the requirements of the marketing plan
 

Element:

3. Profile the target audience

Performance Criteria:

3.1. Describe the total market and selected market segments in the form of a consumer profile
3.2. Identify consumer characteristics in standard statistical terms and/or the descriptive terms used in media selection in the consumer profile
3.3. Use demographic and/or psychographic descriptions in the consumer profile in accordance with the requirements of the marketing plan
3.4. Describe consumer attitudes to products or services being offered
3.5. Ensure profile meets organisational requirements in terms of language, format, content and level of detail
 

Element:

4. Develop a 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 time lines and make appropriate adjustments based on feedback
 


Learning Outcomes


This unit describes the performance outcomes, 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 learning activities are planned for this course including self-paced and collaborative classroom based activities.  The self-paced activities will be delivered through various technology platforms and include your contribution to tutorial activities and interactive sessions. The collaborative classroom based activities will include group discussion, group problem solving activities and opportunities to practice your skills in a simulated/real workplace environment. We expect you to participate and contribute in all scheduled learning activities.
 


Teaching Schedule

 This course is delivered and assessed in conjunction with MKTG5815C Analyse Consumer Behaviour for Specific Markets (BSBMKG402B)

WeekWeek CommencingTopicsAssessment
19/2/15(1) Course Induction
• Course delivery and assessment details
• Assessment details and assessment task and feedback guide (including Grading, Plagiarism, Appeals, Extensions, Feedback, Privacy, Submission requirements, Resubmission policy, Online learning environment, Where to get support – Student study support)
Pre-Training Review
• Conduct an LLN skills analysis- one per student
• Explain Recognition of Prior Learning and Credit Transfers (for new students)
Student checklist
Handout checklist and get each student to sign and hand back. Includes: student responsibilities (ie: must check emails and bb shells weekly). Program map to confirm all students enrolled correctly.

Library Services: Guest Speaker
 

 
216/2/15Understanding Consumer Behaviour 
323/2/15

Consumer Behaviour Model
Buyer Decision Making – Business to Consumer – 5 step decision making process
 

Business Behaviour Model
Business to Business – 7 step model
Assessment 1 - Overview
 

 
42/3/15

Identifying the Customer/ Market Segmentation

 
59/3/15Profile the Customer Assessment 1 Due
616/3/15

Consumer Trends and application to Brands


 
723/3/15

Positioning /Strategy

 
830/3/15Interactive Workshop – Exploring technologies & presentation formats 
913/4/15Verbal Presentations  - In Class Presentations - Assessment 2Assessment 2 Due
1020/4/15Verbal Presentations - In Class Presentations - Assessment 2Assessment 2 Due
1127/4/15Area of Differentiation
Exploring Brands with strong differentiation
 
124/5/15Developing Perceptual Maps & Exploring Brands.
Workshop: Examining advertisements and positioning statements
 
1311/5/15

Understanding Consumer Behaviour and developing Advertising strategies for clients.

 
1418/5/15In Class Verbal presentations - Assessment 3Assessment 3 Due
1525/5/15In Class Verbal presentations - Assessment 3Assessment 3 Due
161/6/15Resubmissions and Feedback  


Learning Resources

Prescribed Texts


References


Other Resources

There is no additional text for this course. Students are expected to download material presented in class from Blackboard. Students are expected to use the resources of the RMIT Library and material available on the internet.


Overview of Assessment

Students must demonstrate an understanding of all elements of a particular competency to be deemed competent. Assessment methods have been designed to measure achievement of each competency in a flexible manner over a range of assessment tasks.

Assessment will incorporate a variety of methods including assignments, journals, presentation and written or test. Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met.
 


Assessment Tasks

This course is delivered and assessed in conjunction with MKTG5815C Analyse Consumer Behaviour for Specific Markets (BSBMKG402B)
Students are required to complete 3 total tasks. All tasks must successfully be completed to be deemed competent in this unit. Assessment in this course will be a combination of individual and group work. Assessment tasks will be assessed using various methods including online tools, written reports and verbal presentations.
 

Assessment Task 1 –Buyer Decision Making – Week 5 – Individual

Students will be required to demonstrate their knowledge and ability to understand the stages in Buyer Decision Making Process. Students will be required to select a product and service of their choice and detail the steps a consumer and business takes in purchasing this product and/ or service. Students will be required to submit two models:
Business to Consumer (5 steps) – using a product purchased from a supermarket or department store
Business to Business Model (7 steps) – using a service purchase in the advertising industry. Eg Advertising agency sourcing an external supplier such as photographer etc.

Students will be required to support their Decision making processes through documented research and evidence that supports their findings.

Assessment Task 2 – Create a Customer Avatar – Week 9/ 10 (Group (Pairs) – Verbal Presentation/ Written Report 1500 words

In groups no larger than 3, students are to verbally present, profile and report on two target audiences that are the typical buyers of the brand/ product or service of their choice. In addition students are required to analyse creative pieces that are used by the brand, product and service and present their findings on whether the materials are effective or ineffective in attracting the typical buyers. This assessment task is made up of 3 parts:

Part 1 - Verbal Presentation
Part 2 – Profiles of the Target Audiences
Part 3 – Written report with supportive creative evidence

Students will need to complete all three parts to demonstrate competency in this assessment task.  Students will be required to electronically submit a copy of their verbal presentation in Week 9. The written report is to be electronically submitted Week 10.

Assessment Task 3 – Brand Positioning Statement & Perceptual Map - Week 14, 15 - Verbal Presentation

Students are required to select a small local business of their choice. In groups (no more than 3) students are required to research the small business and provide a positioning strategy and perceptual map that supports their findings. Students are to identify the small business competitors, area of differentiation and USP. Using this information students are to construct a perceptual map that supports their findings and present a positioning statement.
A guidance Template will be provided. All students will be required to electronically submit a copy of their presentation in Week 14 via Blackboard. 

 

More detailed assessment sheets for each assessment task will be disseminated throughout course delivery.
 

Submission Requirements:
Format:
Work to be saved in a word doc or .pdf and uploaded to the assessment tab in your course blackboard shell by required date. Work sent by email will not be marked.
Work submitted after the deadline and without one of the forms below will not be accepted or marked.
Assessment deadline extensions:
Ensure that you submit assessments on or before the due date. If you think you might not make the due date due to circumstances beyond your control, you must apply for an application of extension time BEFORE the due date:
You can apply for an extension of seven or fewer days from the original due date for submission of assignments, projects, or essays. You must lodge it no later than one working day before the original submission due date. See link below for eligibility criteria and forms.
If your performance in the assessment is affected by unexpected circumstances, you should consider applying for Special Consideration. Information on the process and application forms for extension time and special consideration can be found at: http://rmit.edu.au/browse;ID=ls0ydfokry9rz.

Always retain a copy of your assessment tasks (hard copy and soft copy).
When you submit work for assessment at RMIT University you need to use a cover sheet that includes a declaration and statement of authorship. You must complete, sign and submit a cover sheet with all work you submit for assessment, whether individual or group work. Cover sheets for submission of work is available from the Student forms website.

Resubmission
It is the student’s responsibility to check their results and complete resubmissions by deadline set (usually within 2 weeks of receiving feedback/results). Students are entitled to one re-submission per assessment. All resubmissions will be marked to competent or non-competent only, no grades will be given. All resubmissions must be received by week 16.

 


Assessment Matrix

Full details on how this course is assessed against the Unit elements and performance criteria plus critical aspects of evidence can be found in the Learning and Assessment Tool available from your course teacher.

Course Overview: Access Course Overview