Course Title: Profile the market
Part B: Course Detail
Teaching Period: Term1 2018
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
Claire Gourlay
Marina Cook
Marina.cook@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 independent research are included as the learning activities for this course. We expect you to participate and contribute in all scheduled learning activities.
Teaching Schedule
|
This is a clusterd (co delivered and co assessed) course Analyse Consumer Behaviour MKTG7976C and Profile the Market MKTG7937C. The nominal hours associated with this are a guide only and represent the total teaching time and student effort required to successfully complete this course. This may include not only scheduled classes but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities. | ||
Week commencing |
Topic |
Assessment |
|
Week 1 5 February |
Introduction to the course |
|
|
Week 2 12 February |
What is consumer behaviour? Needs and motivations Why does it matter? |
|
|
Week 3 19 February |
Profiling the market - industry understanding and knowledge Library presentation , |
|
|
Week 4 26 February |
Introduction to the 4P's and Target Audience - demographic/psychographic ' Self-concept and personality |
|
|
Week 5 5 March |
Segmentation, targeting and positioning strategy |
|
|
Week 6 12 March |
Public holiday for MK4B and C |
|
|
Week 7 19 March |
In class assessment. |
Assessment 1: Individual assessment Due: in class |
|
Week 8a 26 March |
Attitudes and attitude change (advertising and digital footprint and platforms) Culture and consumers (the online culture and mobile environment). Focus of appeal |
|
|
Break 29 March - 4 April |
Mid-Semester Break |
|
|
Week 8b 5 April |
Attitudes and attitude change (advertising and digital footprint and platforms) Culture and consumers (the online culture and mobile environment). Focus of appeal | |
|
Week 9 9 April |
Field work - groups are to visit their chosen retailer and competitors. |
|
|
Week 10 16 April |
Consumers in situations Group influence Decision-making 1: Need recognition & search |
|
|
Week 11 23 April |
Public holiday Mk4A. Assessment workshop for other classes |
Assessment 2: Group Project Due: 11:59PM Sunday 29th April 2018 (online submission) |
|
Week 12 30 April |
Marketing ethics, misbehaviour and value. AMI COC Brief assessment 3 |
|
|
Week 13 7 May |
Assessment 3 workshop |
|
|
Week 14 14 May |
Assessment 3 - (Retailer marketing strategy sessions) |
Assessment 3: Presentation Due: In class (refer to delivery schedule for your time) |
|
Week 15 21 May |
Assessment 3 - (Retailer marketing strategy sessions) |
Assessment 3: Presentation Due: In class (refer to delivery schedule for your time) |
|
Week 16 28 May |
Resubmissions |
|
Learning Resources
Prescribed Texts
References
Other Resources
A range of resources will be provided to you throughout the semester.
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 is a co delivered and co assessed course Analyse Consumer Behaviour MKTG7976C and Profile the Market MKTG7937C.
Assessment 1 (Due date in class Week 7, you will have 2 hours to complete this assessment)
You will be required to answer 6 questions regarding an industry nominated on the day of the test. Students will choose 1 of 3 possible industries. The questions asked will be about describing the industry performance, major players and their marketing plans (ie 4P's). This is an in class assessments, if do not pass or for whatever reason do not sit this test on the day will be required to sit it in week 16. Resubmits will not be graded. Assessment 2 (Due midnight April 29) This is a group assessment and you must submit it on or before (Groups of 2-3) No variance without approval from your teacher. Groups are to produce a 1500- 2000 word report on their chosen retail business. Include charts and pictures as appropriate. Ensure all facts are clearly referenced. Groups are to choose a retail business (ie shop). It is recommended that you choose a small to medium retail chain that operates in only a few categories eg cafe , fashion, accessories, food, hair etc See full assessment sheet on CANVAS. Assessment 3 (Due in class Week 14/15 You must attend both) You are required to present an analysis of their chosen retailers marketing strategy and discuss its effectiveness with the target market. This presentation is to be in groups and include information outlined below. You are to participate equally in this presentation The presentation is to go for 10-12 minutes plus questions. Youwill be penalised by not meeting the time guidelines. The presentation must cover · Analysis of current marketing and its impact on consumers in store and focus of appeal with the target market. · New marketing ideas or changes and justification for them · Legal and ethical obligations that would need to be considered in this industry. You will also be assessed on preparation and presentation skills. A portion of your marks will be based on their participation in the other groups’ presentations ie listening and questioning skills.Assessment Matrix
The assessment matrix that maps all the assessment is available on CANVAS. Submission Requirements You should:
- Ensure that you submit assessments on or before the due date.
- 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 the Assessment task document that includes a declaration and statement of authorship.
- Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers.
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: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/extensions-of-time-for-submission-of-assessable-work 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: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/special-consideration Resubmissions: If you are found to be unsuccessful in a particular Course Assessment Task (or you do not submit/attend) you will be allowed one resubmission. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. 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. Grading & re-submissions Successful re-submissions will contribute a CAG only (Competency Achieved Grading) result to your overall grade for the course. 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: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/adjustments-to-assessment 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 CA Competency Achieved – Not Graded NYC Not Yet Competent DNS Did Not Submit for assessment Further information regarding the application of the grading criteria will be provided by your teacher.
Course Overview: Access Course Overview