DESCRIPTION OF THE TASK – WHAT YOU ARE BEING ASKED TO DO
WRITTEN REPORT INCLUDING PRESENTATION SLIDES AND SCRIPT (2500 WORDS)
For the presentation and report you must choose either the Nokia 3310 or the Coca Cola drink. Both products are no longer on the market for many reasons, but both companies feel like now is the right time to relaunch.
After 17 years Nokia has decided to relaunch the Nokia 3310, Nokia first launched the phone in the year 2000, and is looking to relaunch on the 26th of February 2021, its yet to be decided if the phone will feature some new functionality.
On May the 8th 1886 the first bottle of Coca Cola was launched, after 99 year in April 1985. Iconic drink “New Coca Cola" was launched which was only on the shelves for 79 days. The relaunch is to be brought back in honour of Netflix series Stranger things.
Report Tasks (1500 Words)
1) Explain all seven sections of the marketing mix for when your chosen product first launched. The analysis should include identification of the positive and negative effects of all seven segments of the marketing mix.
2) As part of the relaunch, you will first need to carry out market research. You will need to identify. which methods of market research you will use and why they are suitable for the company and product you have chosen.
3) Create a detailed marketing research plan and carry out the research, this should include the variety of methods that you have discussed in your report previously (section 2). Upon completion of the research discuss the strengths and weaknesses of the research and its findings in relation to the product relaunch.
Presentation Tasks (1000 Words)
1) Produce a presentation with images and a full worded script that ‘pitches’ the planned product relaunch to the chosen company executives. The pitch should include all the following:
a) An overview of the effectiveness of the elements of the relaunch marketing mix.
b) An identification of the projected success of the product based on the market research.
c) A detailed explanation of how an effective marketing campaign can help lead to commercial success.
You must reference all information used in the report, and presentation materials using the Harvard Referencing Guide.
See attached grid for grade descriptors.