Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

Corporate objectives and approaches to marketing Value: 15% Due Date: 05-Aug-2018 Return Date: 24-Aug-2018 Length: 600 words Submission method options: Alternative submission method Task back to top...

1 answer below »

Corporate objectives and approaches to marketing

Value:15%Due Date:05-Aug-2018Return Date:24-Aug-2018Length:600 wordsSubmission method options:Alternative submission method

Task

back to top

Thisassessment is designed to engage you in the subject and to begin to develop an understanding of central issues in marketing. It will also be the start of the discussion and comparison with your peers on topics of the marketing concept and market management, and starts the process of the marketing audit.

In3 sections of 200 words each (or less), incorporating the theoretical concepts into your discussion from thefirst two chapters of the text, and with the use of secondary research, discuss the following concepts and apply to your selected organisation:
  1. Identify theconcept of corporate objectives and evaluate an organisation with information available in the public domain.
  2. Discuss marketing orientation concepts (i.e. themarketing concept, the selling concept or production concept). Explain with examples which concept your organisation follows.
  3. What is your organisation's core marketing strategy? Discuss thestrengths and weaknesses of the current marketing strategy and explain how this strategy will help your organisation reach its corporate objectives.
More information on how to complete this assessment will be provided on Interact 2

Rationale

back to top

This assessment task will assess the following learning outcome/s:

  • be able to assess and explain the nature of marketing and marketing management in contemporary organisations.
  • be able to find relevant and important information about organisations, their industries and marketplaces from secondary sources.

Marking criteria and standards

back to top


Criterion:The various skills to be assessedFail XXXXXXXXXX%)Pass XXXXXXXXXX%)Credit (65-74%)Distinction XXXXXXXXXX%)High Distinction (85+)
Communication SkillsThis is about the presentation of the work including: Structure, Format, Grammar, including imagesValue 15%Grade range 0-2.25Poor grammar, spelling, punctuation, concepts were not clear, no paragraphs or formatting- no images, tables or illustrations
Marks XXXXXXXXXX
Some grammatical errors, sentences were clear and complete clear structure and formatting using headings, and sub headings, some illustrations and diagrams, but not explained and only decorativeMarks XXXXXXXXXXMinor grammatical errors, sentences were clear and complete, structure and format were used to aid the reader including diagrams, tables and images, that were relevant to argument, but were still not fully explained or describedMarks 1.5 – 1.6Free of grammatical errorsStructure and format were clear Sentences were well constructed. Language was concise. Excellent use of diagrams, images and tables that were both visually appealing as well as clearly relevant and explainedMarks 1.7 – 1.9Free of grammatical errorsStructure and format were clear, logical and consistent. Sentences were well constructed. Exceptional use of diagrams, images and tables, clearly relevant, explained and insightful links madeMarks 2.0 – 2.25
Theoretical analysis skills
This criterion is about defining, describing and evaluating the conceptsthat were found when researching the topicValue 30%Grade range 0-4.5
Concepts were not defined, described or evaluated, mainly listed without explanationMarks 0 – 2.2Concepts were defined, there was an attempt to provide descriptions with examples to explain, limited analysisMarks 2.3 – 2.9Clear and relevant definitions and descriptions with examples, some attempt to develop analysis by comparing and contrasting of conceptsMarks 3 – 3.3Clear definitions, descriptions with examples and analysis of concepts with comparison, with clear evaluations and conclusionsMarks 3.4 – 3.8Clear definitions, descriptions with examples and analysis of concepts with highly insightful and perceptive comparisons, evaluations and conclusionsMarks 3.9 – 4.5
Application skills
This criterion is about linking theory to a specific context, explaining how it relates to a product/company and making recommendationsValue 40%Grade range 0-6
There was no or limited application to the case study, no examples provided no recommendationsMarks 0 – 2.9Case study was described and identified. The context was connected briefly to theory, but the discussion was not well supported by argumentsMarks 3 – 3.8Case study was described and identified. The context was connected to theory with clear links. There were relevant market discussions Marks 3.9 – 4.4Case study described and identified and insightful evaluations were made. The context was connected to theory with clear, creative and logical links. There were relevant,well supportedmarket discussions with explicit connections to theoreticalargumentsMarks XXXXXXXXXXCase study described and identified and insightful evaluations were made. The context was connected to theory with exceptional, logical and imaginative links. The market discussions were highly relevant , realistic and supportedwith explicit connections to theoreticalarguments Mark 5.1 – 6
Referencing Skills
This criterion was about the application of APA 6th referencingValue 15%Grade range 0-2.25
There was limited or no attempt at in text or end of text referencingMarks 0 – 1.2There was an attempt to apply referencing, but styleand application were inconsistent and some points remain unreferencedMarks XXXXXXXXXXReferencing applied. However style/application was inconsistent with some errors in text/reference listMarks 1.5 – 1.6Both the in text and end reference list were consistent in terms of style and application of APA6.Marks XXXXXXXXXXBoth the in text and end referencelist were consistent in terms of style and application of APA6. Referencing apparent in all places where expected.Marks XXXXXXXXXX

Answered Same Day Aug 02, 2020

Solution

Karan answered on Aug 03 2020
141 Votes
MARKETING CONCEPT
5
Table of Contents
Introduction    3
Main body    3
1. Corporate Objective of Wesfarmers    3
2. Marketing Orientation Concepts    4
3. Core Marketing Strategy at Wesfarmers    5
Conclusion    5
References    6
Introduction
Marketing concept is based on the philosophy that firms should analyze their customer’s needs and eventually make decisions in order to satisfy them, better than their competitors (Baker, 2016).
The following research throws a light on the marketing concepts of Wesfarmers, a leading Australian conglomerate dealing in supermarkets, chemicals, fertilizers, coal mining, retail and industry & safety products (Wesfarmers, 2018).
Main body
1. Corporate Objective of Wesfarmers
The primary objective of Wesfarmers is delivering satisfactory returns to its shareholders. In order to achieve its goal, the Group ensures that each division manifests strong management capabilities as they are accountable for development of strategy as well as its successful execution. In addition, the responsibility for day-to-day operational performance also falls in their lap.
The effectiveness can be infe
ed by the fact that a divisional board of directors or steering committee supervises each of these divisions. Moreover, this committee includes the Wesfarmers Managing Director as well as the Finance Director. There is group-wide operating cycle and governance framework for guiding the committee.
Figure 1: The Wesfarmers Way
(Source:...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here