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School
Riara University School of Business and Law *
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Course
BDT 021
Subject
Marketing
Date
Nov 24, 2024
Type
docx
Pages
7
Uploaded by MajorFreedomWasp1843
Page 1
of
7
Assignment 1A
Marketing and Innovation
Assessment Type
Portfolio A: Report
Submission details/form
1,200 word document +
10%
Purpose
This assignment asks you to:
Demonstrate analysis of innovations and examination of its parts using existing
frameworks as the theoretical lens
Critically examine information and make judgements about recent market
innovations.
Overview & Tips
You will need to choose one innovation from several alternatives, then present an
analysis that examines its parts and explore relationships between them
Please do
Innovation: Bed
Timber bed Base from EVA Mattress.
Overview of EVA in Good Design:
https://good-design.org/projects/eva-timber-
bed-base/Links to an external site.
Video of EVA (9th Finalist):
https://youtu.be/Fog0Links to an external site.
You will then need to present an analysis of the innovation’s marketing mix, and
compare it to other players in the market it currently competes in
You will need to conclude by identifying priority challenges and potential
opportunities
The next assignment (1B) will focus on analyzing the consumers of your chosen
innovation, so choose wisely.
Assessment details
In this assignment, we will look at dissecting innovations that were recently launched in
the Australian market. You will be given a choice from several recent innovations in
Australia. You must choose one, and complete the following tasks:
Task 1: Analyse the innovation using the innovation mapping framework
-
Introduce the innovation, its place within the company’s portfolio, and key
information relating to the industry it competes in
-
Apply the Innovation Space framework to analyse your chosen innovation
Figure 1. The Innovation Space framework
Task 2: Audit the innovation’s marketing mix and identify competitors
-
Apply the relevant marketing mix framework to analyse how your chosen innovation
has marketed itself
-
Create a positioning map that charts the innovation and its main competitors in the
market, with justifications and a summary profile of each competitor
Task 3: Analyse key challenges and potential opportunities
-
Assess and judge the most up-to-date status of the innovation in the market using
the BCG Matrix
-
Apply the micro-macro environmental analysis framework to create a SWOT analysis
of the innovation.
Figure 2. The micro-macro environmental analysis framework
Assessment progression
The innovation you pick will carry over and be the basis for the whole semester,
including any group assignments. To ensure even distribution, there will be a quota of
how many students can choose each innovation in a class. You will be required to
register your chosen innovation with your class teacher.
Assignment
Structure
and
Ingredients
Below is the recommended structure of the assignment and what should be included
in each section. We encourage you to be creative and you are welcome to insert
images, figures, and graphs to support your document.
Introduction
Start with a short summary of the chosen (or assigned) innovation, the company that
launched it, and (if relevant) the innovation’s position within the company’s product
portfolio
Provide key information and/or data about the industry where the innovation
competes in.
We expect to see robust usage of data and/or statistics from reliable and reputable
industry reports in this section
Innovation Space
Present your analysis of the innovation using the “4P Innovation Space” framework.
Marketing Mix
Present your findings on the innovation’s most current marketing mix using the
appropriate framework (4P for goods, 7P for services)
This section should be supported by strong evidence including (but not limited to):
links, pictures, screenshots, references, etc.
Competitor Report
Present a positioning map that lists at least two other main competitors of your
chosen innovation.
Present a justification/analysis about the chosen X and Y axis of your positioning
map. Note that your chosen competitors may not even be from the same industry
depending on the axis you choose
Present a summary report on each competitor to your innovation and more
importantly, your judgment
why
you think they are your innovation’s main competitors
As always, we expect to see strong reasoning, evidence, and justification for your
judgment
Innovation Analysis
Open with the BCG matrix relating to your innovation and a S.W.O.T table containing
key summaries.
Follow with sections that justify the placement of the innovation in the matrix
Then elaborate and/or justify each of the four sections of your SWOT table
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We expect you to use any of the relevant 12 micro-macro environmental factors to
frame your analysis. These factors should be mentioned explicitly, but presented as a
synthesis, instead of separate discussions.
References (excluded from the word count)
Use APA system of referencing.
In addition to APA style, you must
include a link at the end of any online references.
o
Do this
: Sembada, A. (2018), "The two sides of empowering consumers to
co-design innovations", Journal of Services Marketing, Vol. 32 No. 1, pp. 8-
18.
https://doi.org/10.1108/JSM-02-2017-0062
o
NOT this:
Sembada, A. (2018), "The two sides of empowering consumers to
co-design innovations", Journal of Services Marketing, Vol. 32 No. 1, pp. 8-
18.
Appendix (excluded from the word count)
You should place key evidence (graphs, screenshots, etc) in the main body of the
document.
Page 5
of
7
EXCEEDS
STANDARD
MEETS
STANDARD
YET TO ACHIEVE
MINIMUM STANDARD
Grade >>>>
High Distinction (HD)/80-100
Exemplary/exceeding high standard
Distinction (D)/ 70-79 Very
good/ Exceeds
expectations
Credit (C)/60-69
Good/Well done
Pass (P)/ 50-59
Acceptable
Fail (N) /0-49
Requires further
development/needs
improvement
Performance Indicators
Work that exceeds expectations and
may serve as a guide to others as an
example of “best practice”
Very good work. Purposefully and
logically developed. Thoroughly
addresses all aspects of the task.
Shows evidence of sound
understanding and thoughtful
examination.
Good work. Generally clear, accurate
and relevant. Adequately addresses
all requirements of the task.
Development is generally logical, facts
generally correct.
Satisfactory. Shows basic
understanding with minimal
evidence of reflection or
thoughtful analysis. Merely
complies with the basic
requirements.
Unsatisfactory work. Does
not address the topic in a
meaningful way. May be
extremely brief, inaccurate,
illogical or undeveloped.
Criteria for Assessment
(below)
Introduction
Does the section show
understanding of:
-
The chosen/assigned
innovation?
-
The innovation’s
position within the
company’s portfolio?
- The industry/context
where the innovation
competes in?
All of:
-
All components present in a
way that shows mastery
beyond what can be expected
from learners at this level
-
Shows comfort and skill in
synthesizing different sources
of credible evidence to arrive
at deep insights
-
Uses credible evidence from
data gathered beyond cursory
research
-
Show authentic and
convincing “voice” in
conveying the results
All of:
-
All or most components
present in a way that
shows excellent
understanding
-
Shows sparks of insights
from synthesizing
different sources of
credible evidence
Either:
-
Most components present
in a way that shows more
than surface-level
understanding
-
All components present but
analysis was done using
questionable assumptions
unsupported by reasonable
evidence.
Either:
-
Only two of three
components present
or done in a way that
is of minimum
expected standard.
-
All components
present but shows
minimum effort, or
does not use concepts
and theories that
demonstrate learning
At least two out of three
components are missing
or done in a way that is
significantly below the
expected standard
Does not sufficiently show
understanding of the
instructions (e.g does not
link trend with theme)
Innovation space
Does the section:
- Explains what
innovation space the
chosen product
occupies?
All of:
-
All components present in a
way that shows mastery
beyond what can be expected
from learners at this level
-
Shows comfort and skill in
synthesizing different sources
of credible evidence to arrive
at deep insights
-
Uses credible evidence from
data gathered beyond cursory
research
All of:
-
All or most components
present in a way that
shows excellent
understanding
-
Shows sparks of insights
from synthesizing
different sources of
credible evidence
Either:
-
Most components present
in a way that shows more
than surface-level
understanding
-
Components present but (1)
does not go beyond the
basics of what was given
and/or (2) done using
questionable assumptions
unsupported by reasonable
evidence.
Either:
-
Only two of three
components present
or done in a way that
is of minimum
expected standard.
-
All components
present but shows
minimum effort, or
does not use concepts
and theories that
demonstrate learning
At least two out of three
components are missing
or done in a way that is
significantly below the
expected standard
Does not sufficiently
show understanding of
the instructions (e.g
inaccurate understanding
of concepts)
Marketing Mix
Does the section:
-
Use the appropriate
framework?
-
Show accurate and
detailed reporting of
the marketing mix?
-
Use rich and
convincing evidence in
its reporting?
All of:
-
All components present in a
way that shows mastery
beyond what can be expected
from learners at this level
-
Shows comfort and skill in
synthesizing different sources
of credible evidence to arrive
at deep insights
-
Uses credible evidence from
data gathered beyond cursory
research
All of:
-
All or most components
present in a way that
shows excellent
understanding
-
Shows sparks of insights
from synthesizing
different sources of
credible evidence
Either:
-
Most components present
in a way that shows more
than surface-level
understanding
-
Components present but (1)
does not go beyond the
basics of what was given
and/or (2) done using
questionable assumptions
unsupported by reasonable
evidence.
Either:
-
Only two of three
components present
or done in a way that
is of minimum
expected standard.
-
All components
present but shows
minimum effort, or
does not use concepts
and theories that
demonstrate learning
At least two out of three
components are missing
or done in a way that is
significantly below the
expected standard
Does not sufficiently
show understanding of
the instructions (e.g
inaccurate understanding
of concepts)
Competitor report
Does the section:
-
Provide a robust and
thorough reporting of
competitors?
-
Justify its selection of
the positioning map
axis?
-
Provide compelling
argument and
justifications about
the innovation’s main
competitor.
-
Use rich and
convincing evidence in
its reporting?
All of:
-
All components present in a
way that shows mastery
beyond what can be expected
from learners at this level
-
Shows comfort and skill in
synthesizing different sources
of credible evidence to arrive
at deep insights
-
Uses credible evidence from
data gathered beyond cursory
research
All of:
- All or most components
present in a way that
shows excellent
understanding
Shows sparks of insights
from synthesizing different
sources of credible evidence
Either:
- Most components present
in a way that shows more
than surface-level
understanding
Components present but (1)
does not go beyond the basics
of what was given and/or (2)
done using questionable
assumptions unsupported by
reasonable evidence.
Either:
- Only two of three
components present
or done in a way that
is of minimum
expected standard.
All components present
but shows minimum
effort, or does not use
concepts and theories
that demonstrate
learning
At least two out of three
components are missing
or done in a way that is
significantly below the
expected standard
Does not sufficiently show
understanding of the
instructions (e.g
inaccurate understanding
of concepts)
Innovation analysis
Does the section:
-
Provide a clear and
compelling summary
of relevant factors?
-
Draw from a rich
selection of micro &
macro factors in its
analysis?
-
Use robust and
convincing evidence in
its reporting?
All of:
-
All components present in a
way that shows mastery
beyond what can be expected
from learners at this level
-
Shows comfort and skill in
synthesizing different sources
of credible evidence to arrive
at deep insights
-
Uses credible evidence from
data gathered beyond cursory
research
All of:
-
All or most components
present in a way that
shows excellent
understanding
-
Shows sparks of insights
from synthesizing
different sources of
credible evidence
Either:
-
Most components present
in a way that shows more
than surface-level
understanding
-
Components present but (1)
does not go beyond the
basics of what was given
and/or (2) done using
questionable assumptions
unsupported by reasonable
evidence.
Either:
-
Only two of three
components present
or done in a way that
is of minimum
expected standard.
-
All components
present but shows
minimum effort, or
does not use concepts
and theories that
demonstrate learning
At least two out of three
components are missing
or done in a way that is
significantly below the
expected standard
Does not sufficiently show
understanding of the
instructions (e.g
inaccurate understanding
of concepts)
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Presentation and
Expression
General elements of:
- Does it adhere to word
count?
- Are the references done
according to requirement?
- Does it use appropriate
and understandable
language?
- Does it use appropriate
grammar, and structure?
- Does it show effort to
produce a professional
and/or creative
submission?
A work that can be confidently be
referred to as ‘best practice’ in this
category if we need to display it to
external observers.
Most except one or two
elements are done in a way
that sits on the top range of
the standard that can be
expected at this level.
Some elements are done in a
way that is comfortably within
the standard that can be
expected, while one or two
others require improvement
Either:
-
More than half of the
elements are done in a
way that meets the
minimum standard
-
Some elements are
done well while other
elements are glaringly
below standard, but
none has crucial
mistakes
Either:
-
Half or more of the
elements missing or
significantly below
standard
-
Some elements show
crucial mistakes (e.g
more than 40% the
allocated word limit;
using thesaurus to trick
Turnitin), even though
other elements are
done well
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