Think about a realistic brand, either a product not available in Egypt or an
already available. The product may be a physical product or a service.
You are required to:
1. Submit a word doc or a ppt. That will include the following
● Introduction to your corporate mission statement
● Develop the business portfolio (BCG matrix and the Product/Market Expansion Grid) ● Give examples if the company downsized or eliminate product from the market. ● Who is your target market? (How you discovered that customers need your product? Why will customers be interested in buying your product? )
● The product description
→ Name, logo, design and quality as well as its features, & benefits → Which classification (convenience, shopping, specialty and unsought) does it belong to and why?
● The segmentation, targeting, differentiation & Positioning
→ Outline the major variables that might be used in segmenting the market for your product. ▪ Geographic (where this product is available?) ▪ Demographic (what age, gender, income level will be interested in your product?) ▪ Psychographic, and social (which psychological factors and attitudes may affect the customer intention and behavior?) → mention your target market ● Differentiation the competitive advantage to create superior customer value. → Positioning the clear, distinctive, and desirable place of your product in the minds of target consumers.
● Price: What is the pricing strategy do the company use? Why?
(Market- Skimming or Market- Penetration)?
● Promotion: What promotional tools do the company use
(Advertising, sales promotion, personal selling, public relations or Direct & Digital and social media marketing)? & why?
● Place (Distribution Channel): How will your company deliver its
goods/services to its customers (e.g., stores, direct mail, online, etc.)? Why? ● Think about how you can modify or improve to add value to it.