Develop a branding strategy for your product / service that covers the brand name, logo, slogan, and at least one brand extension.

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Assignment 2: Part B: Your Marketing Plan

Using the same hypothetical company (Blend Company) from Assignment 1, for this assignment, you will focus on the company’s branding strategy, primary and secondary target markets, positioning statement, and consumer behavior.

Note: You should create and/or make all necessary assumptions needed for the completion of this assignment.

Instructions

Create the second part of your marketing plan:

  • Describe or list the feedback you received on Part A of your marketing plan. Explain how you will use the feedback to improve your plan. This is the feedback for Assignment 1: Great job on your paper thus far. You have definitely showed competency in the requirements of the task and the marketing concepts and strategies covered this week. No recommendations needed at this time.
  • Develop a branding strategy for your product / service that covers the brand name, logo, slogan, and at least one brand extension.
  • Thoroughly analyze the primary and secondary markets that you want to target. Thoroughly include the demographic profile (e.g., age, gender, ethnicity, etc.), psychographic profile, professional profile, geographic profile, and any other segmentation variable you deem necessary.
  • Prepare a positioning statement. Include a perceptual map that shows your company’s position against its competitors. From this map, create a statement that depicts your position.
  • Examine the relevant consumer behavior for your target market. Explain the main reasons why the brand name, logo, slogan, brand extension, as well as the positioning statement are right for the identified target market.

Use at least three academic resources as quantitative marketing research to determine the feasibility of your product / service. These resources should be industry specific and relate to your chosen product / service.

Your assignment must follow these formatting requirements:

Be typed, double- spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

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Explanation & Answer

Attached.

Running Head: MARKETING PLAN 2 BLENDS COMPANY

Part B: Blend Marketing Plan
Your Name
MKT500 Marketing Management
Strayer University
Dr. Victoria Hailey
Date submitted

1

Marketing plan 2 Blends Company

2

This is the feedback for Assignment 1: Great job on your paper thus far. You have
showed competency in the requirements of the task and the marketing concepts and strategies
covered this week. No recommendations needed at this time. The feedback motivates me to work
harder and deliver quality work. The feedback helps me boost my confidence hence am sure I
will produce better results. Two years ago I created a technology company that sells computers
and laptops. The company is called Blend. I started the company in Washington. In this part, am
going to develop a branding strategy for my product/service that covers the brand name, logo,
slogan, and at least one brand extension.
Branding strategy

Currently, the company is not that popular. It struggles to keep up with new trends and
competition from rival companies. Blend thus needs an effective marketing strategy that can
keep up with the trends. Since the company has an exciting portfolio, it has the chance to make it
in the market. In the modern day, the most efficient resource to advertise the company is social
media. Thus, the company will use social media to advertise itself. The company products and
services are a beneficiary of technology. The company sells laptops and computers. Since that's
how the company, I have decided to use the outlet as the companies grow and try to explore new
opportunities. Social media can access quite a considerable number of people in the world. By
banning ads to be posted on social media platforms, the clients will have a chance to obtain quite
a good amount of customers. The method is cost effective and ensures that customers are up to
date about the company`s new products. The company intends to take advantage of all resources
available to provide it attracts new customers and maintains old customers.

Logo

Marketing plan 2 Blends Company

3

The company has...


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