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Situation Analysis Guidelines Cookie
Category
Working in your agency teams in the Virtual Conference Center,
develop a situation analysis
document for your brand of cookies. This is a critical document,
which will lead your team into
the creative strategy process and ultimately into advertising
executions.
Detailed Directions
Each group must select a leader who is responsible for organizing
this phase of the project, making
individual assignments, and coordinating the efforts of the entire
team. This person should chair the
team through the situational analysis section, and can be "retired"
after it is completed. As you
develop this document, remember that the objective of each section is
to identify key facts that
will be the basis for your creative strategy.
Your document will have four sections:
Your team will work a specific section of the Situation Analysis
throughout Module 2, Elements of Effective Campaigns.
Please check the topic page for this module to find out the section
of this assignment to work on during each topic.
The final due date for the Situation Analysis is February 26,
1998.
You should post the finished assignment in the item of the NAU-VCC
set aside for your team's finished Situation
Analysis. Grammar, spelling and typos will be noted and reflected in
your grade. Be professional!
Please divide your assignment into the four sections outlined
above. Be sure to retain a hard copy of
your completed assignment for your files.
Market/Category
Situation Analysis Due Date: February 26
- Definition: The market that you will compete in needs to be
identified in terms of the
consumer need which is being fulfilled, the competitive set and
possible substitutes. You may
be very broad (frozen entrees) or quite narrow (frozen pizza).
- Size: Define your market as best you can in absolute size, which
can be defined in volume,
dollars and market share of meaningful product segments.
- Growth Trends: Is the market growing? What are the factors that
suggest growth or decline?
What rate of growth do you project in the future and how is this
supported? Check recent articles in the
trade journals and local newspapers.
- Pricing: What kind of price range exists? Conduct store checks
to determine relative price points.
How are the low price brands different than others? Be sure and
equalize to price/ounce in order to make you
comparisons meaningful.
- New Trends: Are consumers demanding new types of
benefits/value/ingredients? Look for new competitive entries
and changes in existing ones for clues.
- Key Factors Influencing Choice: List those factors which you
believe are important and justify your conclusions.
(Focus group data is a good way to determine this.)
- Positioning: How are other competitive brands positioned? Does
anyone have an "ideal" positioning which insulates
them from a competitive response?
- Involvement n Right/Left Brain: How do consumers choose which
brand to purchase? Is it right or left brain
oriented? Or both? (Again, a good topic to review is your focus
group).
Consumer Profile
Situation Analysis Due Date: February 26
- Demographic Profile: From your data, define the typical user of
your category. Describe this by segment, if possible.
Indicate the characteristics which you believe to be most relevant
and discriminating. (Simmons is an excellent tool for this data.)
- Psychographic Profile: Describe your target in terms of
personality, lifestyle, activities, interests, and attitudes.
(Also consider substitutes for this product. If they were to buy
something other than your brand, what would they choose?)
Your Cookie Brand
Situation Analysis Due Date: February 26
This section deals with your brand specifically, and should be a
"piece" of your market section. It is important that the
reader understand how your company fits into your defined broader
market, and what its relative strengths and weaknesses are.
- Historical Perspective: Discuss you brand in terms of its
history. When was it introduced? Is it a market leader?
Does it have regional or national areas of strength?
- Positioning: How does your brand differentiate itself from its
evoked set competition? Should this positioning be
refined or expanded?
- Attitudes: How do consumers view your brand? Traditional?
Old-fashioned? Innovative?Öto name a few.
Conduct a focus group to determine this information.
- Taste Test Results: How does your brand "stack up" to
competition among evoked set members? Are there any
areas in which you can claim superiority? Are there problems which
you need to address from a product performance standpoint?
- Implications: Given your review of the category and your brand,
what are three areas of opportunity to exploit as
you proceed to a campaign? These must be reasonable conclusions, and
not based on wholesale changes in the product
or packaging.
Executive Summary
Situation Analysis Due Date: February 26
This is the last section of the situation analysis you will work on.
In this section you will "top line" key findings from the
three other sections of your document. This is written last, and
serves as a brief overview for management.
It is important that your findings follow a logical, sequential flow
and that you prioritize the points in descending
order of magnitude. Don't list observations, which have no real
impact on your findings. Use this section to list the
15-20 most important facts, which summarize you entire Situation
Analysis.
Send E-mail to
Prof. Rich Lei.
or call (520) 523-2490
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