Description
About Your Signature Assignment
Signature/Benchmark Assignments are designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. Signature/Benchmark Assignments are graded with a grading guide or an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for course/program improvements.
Purpose of Assignment
The purpose of this assignment is to assess marketing concepts and situations from an entrepreneurial manager's point of view. Concepts and relationships are discussed with a special focus on aligning one's ethics and values with their business actions and understanding the unique differences in marketing strategy planning for domestic business versus business abroad.
Assignment Steps
Resources: Marketing: Ch. 7: pg. 177-191; Ch. 16: pg. 438-440; Week 5 video
Scenario: Imagine you are an entrepreneur launching a business planning to operate both domestically and abroad. You are currently developing your marketing plan and strategies.
Develop a 1,050-word analysis addressing the following:
- Describe your organization's mission, vision, and values.
- Explain how these values will be aligned to your own personal brand identity, ethics, and values when doing business, planning strategies, and solving problems.
- Discuss at least two concepts from class that are elements of a marketing plan and are important tools to your entrepreneurial business' success. Discuss how the concepts help align the organization's values with your values. Explain the reasoning leading to these conclusions.
- Select two of the following departments and explain marketing's role in coordinating their distinct functions:
- Distribution
- Customer Service
- Advertising and Public Relations
- Research and Design
- Sales
- Operations or Manufacturing
- Compare and contrast how culture is likely to impact domestic marketing strategies versus what the company may encounter when doing business abroad such as cultural norms, economics, politics, and legal systems.
- Explain the actions the company can take to ensure that it evolves with the target at home and the countries it does business in.
- Discuss any emerging marketing trends that may affect your business.
Cite a minimum of two peer-reviewed sources with one being from either the text, video material, or the University Library.
Format your assignment consistent with APA guidelines.
Explanation & Answer
THE ENTREPRENEURIAL MARKETING MANAGER Name: Affiliation: January 10, 2018 Question one According to Morris et al, (2002) Marketing management plays a very important role in the achievement of a company’s mission, vision and values. In view of this the marketing manager has a role in developing a strategy that will enable the company meet the goals of their business. The mission statement will provide the company with the purpose and framework of the company. The business of our company will be to get people spaces for residential and business purposes. The name of the company is SPEX GROUP LIMITED. The name is the short form for space experts. The Vision Statement The vision of SPEX GROUP LIMITED will be to become the leading property development company by creating lifestyles that change the way people work through innovation, and affordable developments. The mission statement Our mission will be to provide quality, and affordable housing through a goal oriented team that executes innovative ideas. The Values of SPEX GROUP LIMITED Values basically refer to the operating principles that guide an organization as it builds its relationships with all stakeholders (Tidd, 2005). The values below will guide SPEX GROUP LIMITED. Provide quality products and services to our products.Help clients get property that is in line with their lifestyles.Provide affordable products and services.Endeavour to provide innovative products and services to our clients.Embrace team work in our operations. Question Two A personal brand identity is very important to any business because it is what separates your business from the rest (Wheeler, 2009). The values identify what we want to do in both professional and personal life. For instance in our company which deals with properties mo...
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