Marketing New Products for a Consumer Brand
Timeline
-
May 3, 2020Experience start
-
June 2, 2020Project Scope Meeting
-
June 16, 2020Midway Check In
-
July 27, 2020Experience end
Timeline
-
May 3, 2020Experience start
-
June 2, 2020Project Scope Meeting
Meeting between students and organization to confirm: project scope, communication styles, and important dates.
-
June 16, 2020Midway Check In
Meeting between students and organization to ensure that progress is on track halfway through completion.
-
July 27, 2020Experience end
Experience scope
Categories
Communications Market research Sales strategy Marketing strategySkills
marketing communications market assessment basic financial analysis environmental review competitive assessmentIn an increasingly competitive consumer marketplace, decisions around adding new products and services are more important to a company’s success than ever. Students in the Marketing program at McMaster University’s Centre for Continuing Education will research and prepare a report for your company that recommends a new product or service and/or plans its launch.
Students
The final project deliverables will include a written report that includes the following key components (as appropriate to the context):
· Research and recommendations relating to the development of a new product or service.
· Assessments of the market situation of the product(s) or service(s) in question.
· External and internal environmental scanning.
· Market segmentation, targeting, and positioning.
· Marketing strategies
· Marketing Budgets
· Schedules, task descriptions, resource allocations, and timelines for implementation
Project timeline
-
May 3, 2020Experience start
-
June 2, 2020Project Scope Meeting
-
June 16, 2020Midway Check In
-
July 27, 2020Experience end
Timeline
-
May 3, 2020Experience start
-
June 2, 2020Project Scope Meeting
Meeting between students and organization to confirm: project scope, communication styles, and important dates.
-
June 16, 2020Midway Check In
Meeting between students and organization to ensure that progress is on track halfway through completion.
-
July 27, 2020Experience end
Project Examples
Requirements
Students, in groups of 4 or 5, will research and construct a plan that will help you achieve success in your marketing efforts. Your own staff will liaise with the course instructor and students to ensure that their work meets the objectives—whether financial, marketing, or societal—that your company sets out to achieve around the development and/or launch of a new product or service.
Based on information you provide, students will prepare a report that provides thoroughly researched and soundly reasoned recommendations relating to the development and/or launch of a new product or service. Student teams will address industry-specific concerns as well as broader elements of marketing best practice to provide as meaningful contribution to your firm’s decision making process around these questions.
Project Examples include, but are not limited to:
· Research and Recommend a New Product to a Company and Plan its Launch
· Research and Recommend a New Service to a Company and Plan its Launch
· Plan a New Product Launch
· Plan New Service Launch
Additional company criteria
Companies must answer the following questions to submit a match request to this experience:
Additional company criteria
Companies must answer the following questions to submit a match request to this experience:
Timeline
-
May 3, 2020Experience start
-
June 2, 2020Project Scope Meeting
-
June 16, 2020Midway Check In
-
July 27, 2020Experience end
Timeline
-
May 3, 2020Experience start
-
June 2, 2020Project Scope Meeting
Meeting between students and organization to confirm: project scope, communication styles, and important dates.
-
June 16, 2020Midway Check In
Meeting between students and organization to ensure that progress is on track halfway through completion.
-
July 27, 2020Experience end