Marketing Planning and Practice

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Week3TutorialMicroenvironmentalanalysis.pptx

Marketing Planning and Practice UMKDQD-15-2 Week 3 Tutorial

Presented by

MPP Teaching Team

w/c 22 February 2021

Plan for Today’s Tutorial

Questions arising from week 1

Preparing for your insight analysis

Opportunity for any questions arising from the tutorial or general questions around the module

Any Questions?

Preparing for Insight Analysis

Have you written your background section – if not make this a priority to complete

Next…

Do you feel comfortable about the models?

No? On the next slide are some links to videos to help you

The Models

There are a range of models you might wish to use to support your analysis. If you aren’t sure about these here are some video links explaining them.

Conducting a PESTEL analysis

https://youtu.be/sP2sDw5waEU

Conducting a Porter’s 5 Forces analysis

https://youtu.be/cm9SsMa56r4

Conducting a TOWS analysis

https://youtu.be/H8FANR-2u2Q

Preparing for Insight Analysis

Yes?

Have you found some useful sources for your PESTEL (from last week) and for your micro analysis?

Do you need some further help on researching?

On the next slide are useful links on using the library databases and using this information

Finding Information

Finding information requires wide research…this is deliberate!

Some information is up-to-date but some is dated

Encourages the use of researching different sources (not just market reports) to learn about the category

It won’t be perfect…in the real world it rarely is!

You really need to develop this skill for year 3

Business Source Complete

Covers UK and international business, management and economics issues across a range of sectors including construction, IT, education, and health.

Provides full-text journal articles; market, company & industry sector reports; and country intelligence.

Most of the journals on the database are included in UWE Library search.

A really useful database (not just for this module!)

Business Source Complete

A short introduction video to searching using Business Source Complete

https://youtu.be/x1ag7as-w8k

Login to Business Source

Business Source Complete

Works for all option organisations

You can research market sectors too e.g. body care

You can also research key competitors to find information too

Can use the ‘AND’ ‘OR’ (drop down)

to refine further

e.g. UK to restrict results

Activity

Go onto the Library website and go to Databases

Find Business Source Complete and access the database

In the top search box type ‘Beats’ – what do you get?

Now type ‘Beats Electronics’ – does this refine your search more effectively?

Now try the search for your chosen organisation

Finding Sources

There are many resources that can help you

You may have to try different terms to find what you need

Remember to use a range of sources including market reports and publications as well as academic books and journals to support your marketing plan

Any Questions?

Next Week

Read/listen to the video of the lectures before your tutorial/webinar each week

Continue to progress with the ‘insight’ section of the plan

We will consider how to write objectives

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