Preview

Marketing Management Question on Hmv- London School of Commerce

Good Essays
Open Document
Open Document
1656 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing Management Question on Hmv- London School of Commerce
London School of Commerce

MODULE TITLE: - Marketing Management

---------------------------------------------------------------------------------------------------------------------
Indicative Assessment Requirements for the Module;-

Maximum Word Limit and Assessment weighting for each aspect within the assessment:

* Each group must submit a hard copy of the report * Each member should speak for 4 minutes
---------------------------------------------------------------------------------------------------------------------
Description of Assessment Requirements

You have joined HMV’s marketing department in the UK and have been asked to recommend a marketing plan for HMV to ensure continued growth in the future.

You should think about new ways in which HMV can distribute music and create alternative revenue streams.

You have agreed the plan will include:

* An audit of the marketing environment; * This will include an overview of the internal and external marketing environment as well as an analysis of competition; * A SWOT analysis; * SMART Objectives; * To clarify what Blockbuster will achieve ; * A clear segmentation, targeting and positioning (STP) strategy; * To indicate your chosen market and how Blockbuster will stand out from the competition; * Proposals for each of the 7Ps; * Your report will explain how you will use or adapt the tools of the marketing mix; * Control and evaluation; * Which will show how you will measure the success of our marketing plan.

Notes
HMV should be located in UK.

You do not need to worry about budgets

Please read the Case Study of HMV (placed at the bottom of this document): Do further research on the company and prepare a group presentation on a new marketing plan for HMV

Guidelines for undertaking the Assignment / Marking criteria and marking allocation

For this assignment you are requested to develop a Marketing

You May Also Find These Documents Helpful

  • Powerful Essays

    HartleyC M2 A2

    • 1784 Words
    • 6 Pages

    The analysis of the market entails examination of the external and internal environments for business. When investigating the market, it is essential to consider the business environment since it has a significant impact to the productivity of the company. This is accomplished in consideration with the market characteristics and the internal traits. The main aim of this evaluation is to develop a competitive strategy aimed at satisfying the market demand (Pinson, 2008).…

    • 1784 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Marketing Principles

    • 2341 Words
    • 10 Pages

    STUDENT HANDOUT ASSESSMENT PART ONE MARKETING RESEARCH REPORT Unit of Competency: BSBMKG501B - Identify and Evaluate Marketing Opportunities /35 C or NYC…

    • 2341 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    The objective of this assignment is to conduct an early analysis, identify and evaluate all the marketing factors and develop a DETAILED PLAN with key facts, data and marketing points under relevant headings in preparation and assisting with the major assignment. You are required to conduct research, read widely and draw information from current affairs, and from the relevant sections of the material covered in lectures and tutorials.…

    • 3054 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    Marketing Plan Template

    • 269 Words
    • 2 Pages

    Price 3 3. Place 3 4. Promotion 4 V. Strengths, Weaknesses, Opportunities and Threats 4 VI. Marketing Objectives and Goals 4 VII. Marketing Tactics* 4 VIII.…

    • 269 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    mike m2 unit 33

    • 824 Words
    • 2 Pages

    There will be many benefits for a business operating from the Internet. Here I will talk through some of them and discuss how HMV and Blockbuster have responded to developing their e-business. I will analyse whether they have been successful or not and how it has affected them.…

    • 824 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Syllabus Mkt 421

    • 2286 Words
    • 10 Pages

    Course Description This course involves an integrated analysis of the role of marketing within the total organization. Specific attention is given to the analysis of factors affecting consumer behavior, the identification of marketing variables, the development and use of marketing strategies, and the discussion of international marketing issues. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents:   University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum.…

    • 2286 Words
    • 10 Pages
    Satisfactory Essays
  • Powerful Essays

    Current Market Condition

    • 2164 Words
    • 9 Pages

    The purpose of this analysis is for the strategic planning group to consider developing a new proposed product. Our sponsor, the marketing director, has asked our strategic planning team to perform a competitive market analysis to determine the product’s potential success. The analysis will focus on our primary competitor in the product’s market.…

    • 2164 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Marketing 3000 Exam 1

    • 1748 Words
    • 7 Pages

    This is a study guide for exam one, which consists of 67 multiple choice questions. This guide is a general framework of questions that will be asked. Please read all textbook material frequently and repeatedly. Please study all presentation slides frequently and repeatedly. Please attend all lecture discussions and take good written and mental notes. The exam assesses the ability to synthesize knowledge and this comprehension requires significant and rigorous preparation. Assume the format for the exam is fill-in-the-blank or short-answer so that preparation is thorough. Please study daily and weekly to retain knowledge. Avoid memorizing a large amount of information at once just before the exam.…

    • 1748 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    HMV Group announced a three year strategic and operational review in March 2007. The primary purpose of this dissertation is to analyse the methods used to manage this strategic change and to discuss alternatives. The secondary focus is to assess the decision to change. At a time of change, much focus is placed upon developing strategy and not enough on the implementation and management side. It is possible that a ‘perfect strategy’ for a situation is wasted by poor implementation. A specific strategy can be developed over night, however; successful strategy implementation is a much longer process. In order to analyse HMV Group’s change management efforts, it is crucial to understand the company in detail. The prescription for change depends on the diagnosis. The type of change required depends on the nature of the business in its particular context. HMV Group plc consists of HMV; the UK’s largest high street entertainment specialist, and Waterstone’s; the UK’s largest high street bookseller (BMI, 2007). The recent increase in sales of digital products and online digital media shows a paradigm shift in the consumer use of media. HMV Group has admitted that it has not responded quickly enough to the market structure change. In March 2007, HMV group announced a three year agenda to transform HMV and Waterstone’s led by group CEO Simon Fox (HMV Group, 2008). Proposed ChangesOver three years (2006/2007 – 2009/2010) HMV plan to: 1. Protect and revitalise the core business – A new HMV store layout offering internet access, digital delivery media purchase, pay-per-play gaming centres and 3 network concessions increasing footfall. Waterstone’s will do more to grow its share of the children’s book market and launch an innovative loyalty scheme for customers. 2. Grow revenue from new channels – Invest online; in its website and in a new social networking site aimed at uniting people with the same…

    • 8669 Words
    • 35 Pages
    Good Essays
  • Good Essays

    HMV 2

    • 924 Words
    • 3 Pages

    The MoBank Group’s main objectives in producing HMV’s mobile strategy were to involve the broadest base of consumers possible, and offer them with a wide range of related and valuable services. Using Bowman’s clock [Appendices 1], HMV’s pricing strategy could be classified as broad differentiation. The CDs and DVDs HMV offer is expensive than its competitors such as Amazon2. HMV differentiates itself from the market through offering its consumers high-perceived value. By doing so HMV has to incur more cost, thus the price of its products are higher than others. Despite HMV offering expensive products, consumers are willing to pay for it. It is true as consumers spending for HMV’s products have increased by almost 50% compared to this time last year3. HMV is ‘last man standing’ in the high street entertainment market. Thus, HMV is the only music retailer which can create additional value through customer service and amusement to enhance the in-store experience. This is important for a differentiation strategy to be successful in future.…

    • 924 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    P6 Operational Issues

    • 665 Words
    • 3 Pages

    Ensuring if there’s fire or any panic attack such as robbery HMV could install more security and safety around the store and help their staffs to feel safe around their work place as well as having full access through the fire exits (the bigger the store in size the larger the amount of security and fire exits).…

    • 665 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    For this assessment candidates are required to review a provided case study marketing plan and design a plan to audit the marketing activities of the organisation.…

    • 4604 Words
    • 18 Pages
    Powerful Essays
  • Good Essays

    Swot Analysis of Hmv

    • 361 Words
    • 2 Pages

    However, this desperately sad collapse serves to remind us of the importance of having a business strategy that can evolve and develop as the environment around it changes. HMV failed to adapt quickly enough to today’s business model where more than 70% of music and video is bought online.…

    • 361 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    To achieve competency in this unit you must complete the following assessment items. All tasks must be…

    • 1680 Words
    • 13 Pages
    Satisfactory Essays
  • Good Essays

    HMV uses an internal system which is linked to all the HMV stores in the UK. Whenever a customer purchases an item this system will notice and automatically order the item from its suppliers to be replaced. Information also allows HMV to keep close relationship with customers. On its website it keeps track of your preferred genre of music and films and will automatically recommend new music and films that you personally enjoy. Taking time to know your customers intimately means repeat custom and sales leading to higher profit. Finally, business information leads to competitive…

    • 2470 Words
    • 10 Pages
    Good Essays