New Product Launch Analysis, marketing homework help

Purpose of Assignment

The purpose of this assignment is to help
students learn how a well-written Strengths, Weaknesses, Opportunity,
Threat, Trends (SWOTT) analysis should be a critical tool utilized in
analyzing marketing information before launching a new product. Students
will also learn how a SWOTT analysis may be employed to uncover
competitive advantages to gain advantage in the market.

Assignment Steps

Scenario: As a professional marketing consultant;
you have been hired to help a company launch a new product in their
industry. Your objective throughout this assignment is to develop and to
gain and maintain a competitive advantage in the selected industry, and
create value for the target market.

Develop a 1,050- to 1,400-word analysis completing an industry and competitive analysis for your client.

Create a new product or service to be offered by a
company (either an existing firm or a start-up company) in one of the
following industries:

  • Office supply products
  • Outdoor recreation
  • Fast food restaurant

Attach the 8- to 10-question survey to be used for primary market research with the completed analysis.

Include the following in your analysis:

  • A detailed description of the new product or service offering.
  • Determine market needs (justification for your choice of product).
  • Review past market history and estimate future growth potential.
  • Analyze the company’s strengths and weaknesses. List external opportunities, threats, and any possible trends.
  • Analyze potential competition for the new product.
  • Write a detailed overview of the competitive landscape.
  • Assess the competition’s strengths and weaknesses.
  • Draft a brief survey (8-10 questions) that may be used for primary
    market research. Questions should collect primary data about the target
    market to help you develop a branding and marketing communications plan.

Cite a minimum of two peer-reviewed references.

Format your paper consistent with APA guidelines.