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Applied Managerial Marketing DB4

Applied Managerial Marketing DB4

The board members were very impressed with your presentation and how you are moving through the product development process. Michelle is ready now to start looking at the promotional part of the plan. She has been reading technical publications that laud the advantages of high-tech or digital promotional tools (i.e., Internet, social media, blogs, etc.) over traditional approaches (i.e., TV, radio, newspapers, and magazines) to reach potential customers. You catch up with her in her office before she leaves on a business trip.

‘Michelle, I want to speak to you about the e-mail you sent regarding the promotional tools we should consider for the new product,’ you say.

“I have a few minutes before I have to leave,’ she says. “Go ahead.”

“Well, I agree that digital media is the trend, but I think traditional advertising and promotion should still have a place in the plans,” you say. “I know you don’t have time now, but I would like to talk about the advantages and disadvantages of each type of promotional tool as they relate to the target segment and branding strategy. When can we get together and talk about this?”

“I really do want to talk about this,” she says. “I need to know what type of media you think would be best for MM’s new product. Can send me an e-mail with your thoughts on the subject and I’ll read it on the plane? We can get together when I get back to finalize the choices.”

“Thanks, Michelle. I will do that,” you say.

Instructions:

Unit 4 we will be creating the marketing mix for our product as we decide how to get it to market and what will be the price point? Please follow the format for submitting your assignments, PENALTIES will be enforced this week…no more grace period. 

Unit 4 DB – 400-600 words email. We must help Michelle decide which type of media will be best for MM’s new product. Your choices are either: high tech / digital promotional tools, traditional tools, and/or both.

Choose either high tech / digital or traditional promotion or a mixture of both promotional tools. However, in your opening sentences state your preference of choice and then support it throughout the remainder of the email. 

High tech / Digital promotions:

  1. Internet,
  2. Social Media,
  3. Blogs etc..

Traditional promotions:

  1. T.V.,
  2. Radio,
  3. Newspaper,
  4. Magazines

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