BSBMKG506 Plan market research( prof. Xavier)
ASSESSMENT INFORMATION
Welcome to your Student Assessment Workbook for BSBMKG506 Plan Market Research.
This Workbook is where you will write all your responses for the simulation tasks. Please refer to the Student Assessment Guide for more information.
This assessment has the following event:
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Assessment Event 2 – Simulation: Fit Life |
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You will complete a number of tasks in developing a comprehensive Market Research Plan. These tasks will be based on your role of a Market Research Project Officer in a simulation for Fit Life, an Australian organisation that runs Fitness centres across Australia. |
To complete the simulation, you will need to refer to the following resources:
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Fit Life Strategic Review |
A consultant’s report on the industry and trends and opportunities. |
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Project Scope Template |
The scoping document that provides the direction for your market research. |
Please note that your responses for this assessments can (where appropriate) use dot point format. See below of an example of a dot point answers and a full sentence:
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Dot point format |
Presentation Plan includes the following: · outcomes · needs of the audience · context. |
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Full sentence format |
When you are preparing for a presentation, there a number of tasks that must be carried out. These are listing the outcomes that you want to achieve, followed by the identification of the needs of your audience. When you have completed these two tasks you then check on the room that you will be conducting the presentation. |
To Achieve Competence
To be deemed competent for this unit, you will need to meet the following requirements:
· complete all of the questions and tasks listed in the Student Assessment Workbook
· meet all the requirements listed in this Student Assessment Guide
· your responses to the questions and tasks must be relevant, accurate and specific
· submit your completed Student Assessment Workbook to your Assessor within the set timeframes
· your work must be in your own words
· where you use an external source of information, you must provide citation.
ASSESSMENT 2 – Fit LIFE SIMULATION
In this assessment, you will undertake a number of tasks associated with developing a market research plan for a fitness company, Fit LIfe. The focus is on planning and producing a Market Research Plan that is based on the following actions:
· review strengths and weaknesses of the organisation
· identify current performance of the organisation
· document role of marketing research past and future
· identify marketing opportunities that require marketing research and engage in consultation to obtain support for role of marketing research activities
· developing a market research plan
The simulation in Assessment Event 2 has its own set of requirements related to the type of environment, facilities and equipment (where applicable). Please ensure that you familiarise yourself with this comprehensive set of requirements that underpin this simulation. This includes understanding the background of the simulation and the criteria you will be assessed on. These are located in the Appendix of this document.
Task 1: Identify market research needs
In this task you will analyse the relevant data given in the strategic review and then identify market research opportunities. To achieve this, we have listed the following sub tasks:
1.1 Review and describe the current performance of the organisation
Write your response here:
1.2 Identify and list the organisations growth opportunities
Write your response here:
1.3 Identify an organisational need that may require market research
Write your response here:
Task 2: Consult with key stakeholders on market research needs
In this task, you will plan and deliver an interactive workshop with key stakeholders of the organisation to finalise an area to undertake market research.
2.1 Present the current performance and direction of the organisation
You will be observed by your assessor for this task. Please see your Student Assessment Guide.
2.2 Table the current performance of market research in the organisation
You will be observed by your assessor for this task. Please see your Student Assessment Guide.
2.3 Describe the role of marketing research in an organisation
You will be observed by your assessor for this task. Please see your Student Assessment Guide.
2.4 Develop statement of market research opportunities
Finalise your market opportunity in relation to the feedback received from your Manager:
Task 3: Define market research objectives
In this task you will develop a project objective through consultation with the stakeholders of the organisation.
3.1 Develop a market research objective
Write your response here:
3.2 Develop a scoping document for this objective
Complete the Project Scope Template (see separate document).
3.3 Consult with stakeholders on draft objectives and scope and seek feedback
Send your draft Finalise your Project Scope Template to your Manager.
3.4 Review this feedback and finalise market research objective
Finalise your Project Scope Template based on the feedback received from your Manager. Attach the final version.
Task 4: Define data gathering approaches
In this task you will plan the market research project to achieve the objective as follows:
4.1 Identify the research questions
Write your response here:
4.2 Identify types of data required
Write your response into the following table:
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Research questions |
Types of data required |
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4.3 With these data collection methods
Write your response into the table:
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Research questions |
Types of data required |
Data collection methods |
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Method |
Strengths |
Limitation |
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4.4 Identify data sources
Write your response into the table:
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Research questions |
Data collection methods |
Sources of data and information |
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rationale |
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4.5 Quantify required data
Write your response here:
4.6 Identify and evaluate suitable data processing methods
Write your response into the table:
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Data Processing Method |
Strengths |
Limitations |
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Evaluation: |
Task 5: Develop market research plan
In this task you will develop a plan in readiness for the implementation of the market research project. This will require you to do the following:
5.1 Identify the resources and timelines required
Write your response into the table:
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Research question |
Target group |
Research method |
Information source |
Survey questions |
Resources |
Timeline |
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5.2 Undertake a feasibility analysis
Write your response here:
5.3 Submit the market research plan to a key stakeholder for approval
Revise your Market Research Plan in light of your Manager’s feedback and attach the final version.
Feedback Evaluation Sheet
The Feedback Evaluation Sheet below is the assessment questions and tasks for each of the assessment events that the student is required to complete. Assessors, tick ‘S’ if the student achieved a satisfactory outcome for an assessment task and ‘NYS’ if the student does not meet these requirements. Also, you are required to write comments on the quality of this evidence under the ‘Comments’ column. For your judgement on the student’s overall performance, tick ‘Satisfactory’ if the student achieves a satisfactory outcome for all of the tasks or ‘Not-Yet-Satisfactory’.
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Feedback Evaluation Sheet |
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Assessment Event 2 |
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NYS |
Comments |
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Task 1: Identify market research needs |
Sub Task 1.1 |
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Sub Task 1.2 |
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Sub Task 1.3 |
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Task 2: Consult with key stakeholders on market research needs |
Sub Task 2.1 |
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Sub Task 2.2 |
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Sub Task 2.3 |
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Sub Task 2.4 |
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Task 3: Define market research needs |
Sub Task 3.1 |
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Sub Task 3.2 |
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Sub Task 3.3 |
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Sub Task 3.4 |
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Task 4: Define data gathering approaches |
Sub Task 4.1 |
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Sub Task 4.2 |
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Sub Task 4.3 |
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Sub Task 4.4 |
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Sub Task 4.5 |
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Sub Task 4.6 |
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Task 5: Develop market research plan |
Sub Task 5.1 |
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Sub Task 5.2 |
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Sub Task 5.3 |
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Feedback to Students:
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Assessment Outcome Satisfactory Not Yet Satisfactory |
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Assessor’s Signature: |
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Date: |
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BSBMKG506 Plan Market Research – A2 12