Analyse Consumer Behaviour, Promote Products and Services, Protect and Use Brands and Business Identity
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This document provides study material for BSBMKG419 Analyse consumer behaviour, BSBMKG413 Promote products and services, BSBIPR403 Protect and use brands and business identity. It includes information on market research, consumer attributes, marketing strategies, promotional activities, trademark protection, and more.
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BSBMKG419 Analyse consumer behaviour BSBMKG413 Promote products and services BSBIPR403 Protect and use brands and business identity ASSIGNMENT Develop and Promote BrandsOnline Student Name:Joaquin GranadosStudent ID:CSF190461
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BSBMKG419_BSBMKG413_BSBIPR403 2020 Assessment Type: Assignment Assessor’s Name: Assessment Outcome (S/NYS) Student Declaration: By submitting this assessment via Moodle, I declare that this is my own work and had not been copied or plagiarised from any other source. Please refer to the Student Handbook for more information. For more information, please refer to:http://www.csf.edu.au/student- service/student-handbook-forms-and-policy-and-procedures/ Assessment Conditions: Each assessment criteria is recorded as either Satisfactory (S) or Not Yet Satisfactory (NYS). A student can only achieve a ‘Satisfactory’ Assessment Outcome for the entire assessment when all assessment Criteria listed below are ‘Satisfactory’. A student who is assessed as ‘Not Yet Satisfactory’ is eligible for re-assessment with their trainer. All assessment answers must be typed, include this assessment cover sheet and uploaded in ‘WORD’ version to Moodle. Feedback VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 Assessment Criteria The Unit of Competency displayed below with Elements and Performance criteria is the benchmark that you will be assessed against. Please contact your Assessor for further information regarding this UoC if required. ElementPerformance CriteriaS/NYS BSBMKG419 Analyse consumer behaviour 1 Confirm product or service 1.1 Gather information on market or market segment for a product or service in accordance with a marketing plan 1.2 Identify consumer attributes for market or market VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 marketsegment from market profile or existing customer data 1.3 Identify and test features of product or service in accordance with a marketing plan 2 Assess reasons for existing levels of consumer interest 2.1 Investigate consumer need for the product or service through analysis of trends and past performance 2.2 Review past marketing or positioning of product or service in relation to effectiveness of its focus of appeal 2.3 Assess, estimate and test impact of individual, social and lifestyle influences on consumer behaviour for a product or service 2.4 Analyse consumer responses to previous marketing communications 2.5 Review relevant data to determine consumer digital footprints, engagement journeys and expectations 2.6 Assess organisational capability to respond quickly to consumer demand for products or services in accordance with marketing plan 3 Recommend focus of appeal for marketing strategies for product or service 3.1 Ensure marketing strategies address innate and acquired needs of consumers and appeal to motives that influence decision-making 3.2 Present a rationale for focus of appeal that outlines how influences on consumer behaviour will be used to target effective marketing strategies 3.3 Clarify the role of the consumer in the digital marketing environment and model engagement conversations and interventions VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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BSBMKG419_BSBMKG413_BSBIPR403 2020 3.4 Ensure focus of appeal meets legal and ethical obligations and budgetary requirements of marketing plan BSBMKG413 Promote products and services 1. Plan promotional activities 1.1 Identify and assess promotional activities to ensure compatibility with organisational requirements 1.2 Plan and schedule promotional activities according to the marketing needs of the organisation 1.3 Determine overall promotional objectives in consultation with designated individuals and groups 1.4 Ensure that timelines and costs for promotion of activities are realistic and consistent with budget resources 1.5 Develop action plans to provide details of products and services being promoted 2. Coordinate promotional activities 2.1 Ensure personnel and resources to support promotional activities are identified and prepared to facilitate the achievement of promotional goals 2.2 Identify and agree roles and responsibilities for delivery of promotional services and allocate to relevant personnel 2.3 Establish and conduct relationships with targeted groups in a manner which enhances the positive image of the organisation VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 2.4 Use networks to assist in the implementation of promotional activities 3. Review and report on promotional activities 3.1 Analyse audience feedback and data to determine the impact of the promotional activity on the delivery of products and services 3.2 Assess effectiveness of planning processes to identify possible improvements in future activities 3.3 Collect feedback and provide to personnel and agencies involved in promotional activity 3.4 Analyse costs and time lines to evaluate the benefits accruing from the promotional activities 3.5 Prepare conclusions and recommendations from verifiable evidence and provide constructive advice on future directions of promotional activities BSBIPR403 Protect and use brands and business identity 1. Identify the need for protection of brands and business identity 1.1 Research what constitutes a registrable trademark in Australia 1.2 Identify the legislative requirements governing trademark protection 1.3 Identify other forms of trademark protection 1.4 Identify existing or potential trademarks within organisation or scope VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 1.5 Explore the benefits, costs and risks of trademark registration and other forms of trademark protection 1.6 Make recommendations to develop and use trademarks with commercialisation potential 2. Identify and initiate application process for trademark protection 2.1 Identify sources of information and advice regarding protection of brands and business identity 2.2 Evaluate the role of intellectual property professionals in the trademark application process 2.3 Search databases of existing registered and pending trademarks and investigate any use of unregistered trademarks to ensure the proposed trademark does not infringe on another party’s existing trademark 2.4 Identify processes required for lodging a successful trademark application 2.5 Identify process for international trademark registration 2.6 Participate in a trademark application and provide relevant information to the intellectual property professional for trademark application, if applicable 3. Identify future trends within the marketing communications industry 3.1 Identify and review organisational policies and procedures to protect and use the trademark correctly 3.2 Identify and establish processes to use own and others’ trademarks for business growth 3.3 Monitor the market for possible trademark VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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BSBMKG419_BSBMKG413_BSBIPR403 2020 infringements 3.4 Pursue appropriate measures to protect trademarks against infringements, if required, using appropriate professional advice 3.5 Ensure that procedures are followed to maintain the organisation’s trademarks including payment of renewal fees as required 3.6 Ensure all employees are aware of the importance to the organisation of the protection and proper use of trademarks, and implement training if required 3.7 Identify and review organisational policies and procedures to prevent infringement of others’ trademarks Performance Evidence (Practical) Evidence of the ability to: BSBMKG419 Analyse consumer behaviour ●analyse consumer behaviours ●model consumer behaviour on alternative digital platforms ●document and present findings and recommendations about marketing strategies that should be developed to influence consumers. BSBMKG413 Promote products and services VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 ●identify the context for the promotional activities including: ●relevant legislation/regulations ●organisation’s goals, objectives, systems, policies and procedures ●budget and timelines ●marketing needs and, if defined, marketing plans ●objectives of the promotional activities ●consult with relevant stakeholders to plan promotional activities to meet objectives, budget and timelines ●coordinate promotional activities including: ●allocation of personnel, roles and responsibilities ●sourcing other resources and promotional products as appropriate ●use of networks and relationships ●analyse feedback and data to evaluate the effectiveness of planning processes and promotional activities and make recommendations on future directions of promotional activities. BSBIPR403 Protect and use brands and business identity ●review and interpret information to determine the context and need for brand and identity protection in the organisation ●use various sources to gather information about trademarks, brand protection and the trademark applications process ●participate in the application for a trademark using correct applications process ●establish processes to use own and others’ trademarks VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 ●monitor the market and the application of organisation’s procedures for possible trademark infringements and recommend actions to address risks and infringements ●communicate information about trademarks and relevant policies and procedures to others ●identify the need for training on trademarks and implement training as appropriate. Knowledge Evidence (Theoretical) BSBMKG419 Analyse consumer behaviour To complete the unit requirements safely and effectively, the individual must: ●outline relevant industry and product or service knowledge ●explain relevant marketing communication concepts and processes ●compare current digital channels relevant to the business and consumer against costs and benefits ●identify organisational structures, procedures and marketing objectives. BSBMKG413 Promote products and services To complete the unit requirements safely and effectively, the individual must: ●outline the legislative and regulatory context of the organisation as relevant to the marketing plan ●outline the planning processes for organising promotional activities VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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BSBMKG419_BSBMKG413_BSBIPR403 2020 ●explain the organisation’s marketing objectives and how they support the overall business objectives ●explain how common promotional activities could be used to support the marketing objectives with reference to ●advertising ●client functions ●employee functions ●media announcements ●product launches ●web pages. Protect and use brands and business identity To complete the unit requirements safely and effectively, the individual must: ●outline the legal context for trademarks with reference to relevant Australian and international legislation, treaties and guidelines ●outline organisational policies and procedures relevant to trademarks and brand protection ●outline options for commercialisation of trademarks and potential benefits for the organisation ●identify different ways to protect trademarks VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 ●outline the trademark application processes including definitions of registrable trademarks ●identify various sources of information and advice on trademark protection ●explain processes that can be used to monitor the market for infringements against own trademarks. 1.Assessment Conditions BSBMKG419 Analyse consumer behaviour Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the marketing communications field of work and include access to: ●relevant legislation and regulations ●communications equipment and technology ●relevant workplace documentation and resources ●case studies or, where possible, real situations ●industry software packages and apps (where applicable). BSBMKG413 Promote products and services Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the business development – marketing field of work and include access to: VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 ●relevant legislation, regulations, standards and codes ●relevant workplace documentation and resources ●case studies and, where possible, real situations ●interaction with others. Protect and use brands and business identity Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the regulation, licensing and risk – intellectual property field of work and include access to: ●relevant legislation, regulations, standards and codes ●relevant workplace documentation and resources ●case studies and, where possible, real situations ●interaction with others. Assessment Checklist Please check off each box as you complete each section of your assignment: ☐Student Name and Student ID on cover sheet. ☐Part A – Short Answers Questions VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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BSBMKG419_BSBMKG413_BSBIPR403 2020 ☐Part B – Case Study VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 Note: The organisational details used in this assessment have been sourced (and to some extent paraphrased) from the organisation’s website and other relevant documents of the organisation. The information used here is solely for educational purpose. ORGANISATION DETAILS Organisation History: Foxtel is one of Australia's most progressive and dynamic media companies, bringing the best live sport, new movies, new shows and complete seasons, live and on demand anytime, anywhere. Foxtel directly employs more than 2,800 people, and delivering a diverse subscription television service to both regional and metropolitan areas over cable, satellite and broadband distribution. Foxtel Group is a Partnership that is ranked number 115 out of the top 2000 companies in Australia. The company generates the majority of its income from the Pay Television in Australian industry. The organisation claims that it has effortlessly connected Australians to all the stories it loves by offering a better entertainment experience every day to each one of its 2.8 million subscribing homes through delivery of exclusive and inspiring programming across all genres, the world’s most popular channel brands, and investment in high quality local content. In 2016 the company generated total revenue of $3,265,647,000 including sales and other revenue. The exact number of employees for this organisation is not available. The Chief Executive of Foxtel Group is Mr Peter Tonagh whose official title is Chief Executive Officer. The Chairman of Foxtel Group is Mr Robert Nason whose official title is Non-Executive Chairman. Foxtel Group offers subscription television services across Australia. Foxtel's television studios, broadcasting operations and cable and satellite transmission facilities are located in North Ryde, NSW. The company also operates two Customer Solutions Centres, located in Melbourne and Gold Coast. VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 As constant champions of innovation as they have claimed, the organisation has brought its customers: ●The iQ3 personal video recorder offering effortless access to the best shows, movies, live sport and entertainment ●Australia's largest HD channel offering, with 48 dedicated channels ●Television, broadband and home phone bundles with Foxtel internet and voice services delivered over Australia’s largest telecommunications network ●Live and catch up TV on your tablet or other mobile device with the Foxtel app ●Flexible, low cost access to stream Foxtel anywhere with our internet TV service Foxtel Now ●A constantly growing library of TV and movie hits to stream, On Demand, available as part of a Foxtel subscription Australia. Foxtel is owned by Telstra Corporation Ltd (50%) and The News Corporation Ltd (50%). The organisation’s website is athttps://www.foxtel.com.au Products and Services: The subscription TV (STV) industry as a whole in Australia has had to deal with increased digital TV coverage areas and the subsequent growth in the number of FTA channels, as well as more widespread Internet Protocol TV (IPTV) services from the growing availability of faster broadband services. More than 2.7 million homes had an STV service from FOXTEL by 2017. Foxtel have several product and services such as channel packs like entertainment, sports, movies, drama, and entertainment plus, documentaries and kids channel. Foxtel also offers VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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BSBMKG419_BSBMKG413_BSBIPR403 2020 broadband services and offer a range of packages with different data limits for Foxtel TV on Foxtel app & On Demand when connected to Foxtel Broadband. The My Foxtel app gives customers the ability to record and series link straight to their iQ/MyStar box from anywhere in Australia. Customers can view up to 14 days of programming, save favourite channels and filter by genre. Brief Industry Information The Pay Television industry has contracted over the past five years. Competition from subscription video on demand (SVOD) services, such as Netflix and Stan, has diverted viewer attention away from traditional media platforms, such as TV. Foxtel, the industry's dominant player, has been forced to slash its subscription prices to attract customers and retain existing ones. Consumers have become increasingly discerning regarding when and where they consume content, often demanding a range of options including TV, tablets, laptops and smartphones. This has been a challenge for industry operators, which have struggled to keep up in an increasingly changing media landscape. Some relevant information that may be useful for the research may include: ●Foxtel Marketing and Customer Privacy Policy: https://www.foxtel.com.au/about/privacy/privacy-policy.html ●Foxtel Customer Service Guarantee: https://www.foxtel.com.au/about/legal-stuff/customer-service-guarantee.html ●News on the release of Foxtel Now product:https://mumbrella.com.au/foxtel- releases-new-campaign-launch-foxtel-now-451188 ●Foxtel YouTube Channel:https://www.youtube.com/user/FOXTEL VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 News on Foxtel Customer Complaints:http://www.smh.com.au/business/media-and- marketing/complaints-that-there-are-too-many-ads-on-foxtel-a-real-challenge-admits-new- ceo-peter-tonagh-20160505-gomxhb.html VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 PART A – KNOWLEDGE QUESTIONS Task 1:Read the case and outline the relevant product and services offered in pay TV industry. Identify organisational structures, procedures and marketing objectives of Foxtel. Task Outcome (S/NYS) Foxtel is Australia’s most dynamic and innovative media firm, offering a premium streamed and live, movies, drama, sport and entertainment.Organizationoperate theirbusiness effectively by following divisional organizational structure. According to this structure each department contains all essential functions and resources. CEO and Non-Executive chairman manage people working under them. This structure work best for company with wide variance in goods offering. VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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BSBMKG419_BSBMKG413_BSBIPR403 2020 Company define a virtual channel order that teams channels by their content, they offer a range subscription TV services with more than 100 complete drama series. The marketing objective of Foxtel firm is to increase profitability, generate traffic and gain consumer attention towards its products or services. Task 2:As Marketing manager at Foxtel, you are required to undertake a digital marketing campaign for promotion of their new product. Explain relevant marketing communication concepts and processes required? Compare current digital channels relevant to the business and consumer against costs and benefits. VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 Task Outcome (S/NYS) In order to advertise their products within marketplace Foxtel firm can undertake social media marketing as the best marketing process, because it helps them to reach at wide numberofpopulation.Companybeforepromotingtheirgoodsclearlydetermineand understand their target consumers and then use social media marketing in which different types of tools are available that they can use for same. Foxtel use display marketing as digital channels to generate awareness about their goods which is quite beneficial for its business, but on the other hand in recent time consumers use social media to obtain information related to products and services, it is cost effective method. Most people cannot be able to see promotions or advertisement on billboards all the time, but they can see all the things related to new services or products by using social media sites and channels. Social media and content marketing are two different types of digital channels. Content marketing is different from social media marketing, it provide benefits to gain attention of consumer but not in effective way, on the other hand with the help of social media marketing consumers can get all information live, it is one its benefits. Content marketing is cost effective where as social media marketing process require a lot of funds for different activities related to it. Task 3:Outline the planning processes for organising promotional activities discussed in Task 2. Explain how common promotional activities could be used to support the marketing objectives in context of advertising, client and employee functions, media announcements, product launches and website page. Task Outcome (S/NYS) VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 Social media marketing is effectively used to aid marketing objectives of Foxtel firm as it helps to advertise products within marketplace, provide in depth information to consumers and help to launch new goods efficiently. Promotional activities of company is integrated to achieve marketing objectives, it includes strategies of advertising and media announcements. With the help of social media marketing activities firm let their consumers known about a conveniently provided items. Promotional activities also used to support marketing objectives in context of employee functions. Workers by using their skills to create marketing content helptopromoteitemswithinmarketplace.Tointroducetheproductorservicesin marketplace firm had to follow promotion procedure. 1-Before making promotional plan firm need to study and consider different marketing communication strategies. 2- Marketing department within Foxtel firm set objective for advertisement. 3- Marketing manager identified available promotional materials. 4- After passing all above steps organisation marketing department develop their own promotional content. 5- Set as budget and make discussion with accounts department. 6- At last after setting budget and choosing promotional strategy firm develop effective promotion. Task 4:Explain marketing objectives for Foxtel as per your responses in above tasks and how they support the overall business objectives of Foxtel. Task Outcome (S/NYS) VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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BSBMKG419_BSBMKG413_BSBIPR403 2020 Above marketing objective of Foxtel company support its overall business objectives effectively. It is a brand defined aim, outline intentions of marketing group, cater clear direction for unit members to follow and provide info for executive to support & review. Marketing objective support business objectives as it set out on based of what company want to achieve from their promotional activities. It consistent with overall objectives and aims of Foxtel, cater an essential focus for marketing team. Furthermore, marketing objectives support by identify the needs of consumer that help firm to gain attention of new customers effectively. Task 5:Discuss the legislative and regulatory requirements for Foxtel for their marketing plan activities discussed in Task 2 – 4. Also discuss the legal context for trademarks for FoxtelwithreferencetorelevantAustralianandinternationallegislation,treatiesand guidelines (https://www.ipaustralia.gov.au/trade-marks/understanding-trade-marks) Task Outcome (S/NYS) Marketing or advertising in Australia is regulated under Australian consumer law, which prohibits deceptive or mismeaning conduct, in commerce or trade. Advertising standards regulation is required for company for developing their marketing plan activities, it guide advertisers share a common interest in advertising consumer confidence in and respect for normal standards of marketing. While creating marketing plan activities it is very pestilential for company to make assure that they use powerful headline and tailor their content to suit its target market. VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 While preparing marketing activities, business websites and other things, organization make assure that they are in breach of Australian trade mark laws. Trade mark is used to distinguish products or services from those of another firms, Foxtel company trade mark is their registered business name shows on their web sites and before TV shows. Consumer protect law must considered by firm while conducting marketing activities, Australian consumer law sets out people right that are called customer guarantees. It includes rights to a repair, refund or replacement for loss and damages and being able to cancel a faulty service. PART B – CASE STUDY Case Scenario: Read the Foxtel case and develop a frame of mind. You are appointed as a Marketing Communication Manager for Foxtel. Your responsibility is to analyse consumerbehaviouranddevelopmarketingcommunicationstrategiesthatwill influenceconsumertouseFoxtelchannelpacks.Youwillalsoneedtodesign appropriateoffersfortherighttargetmarketwhichcanmeetyourmarketing objectives.Tocompletethistaskyouwillneedtoacquiresomeorganisational information to conduct analysis for both understanding consumer behaviour and type of product offered by the business. You will find some organisational information above in the given case. You are also expected to do your own external secondary research for the purpose of analysis as you will need to conduct research to identify the environment, competitors, customer groups, and various other stakeholders. Your task is to research the external environment of the organisation and demonstrate knowledge about relevant industry, product or service based on the information that you have identified during your research. VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 Task 6:You are required to gather information on market to segment the market for a product or service of Foxtel. Once you have selected your preferred product or service, you will perform the following: ●Analyse consumer behaviour (what is people attitude and willingness to pay towards such product/service). Where possible use qualitative and quantitative data to support your analysis (prepare a survey questionnaire consisting of 10 questions and do a sample survey of 10 customers (use class sample) to analyse consumer behaviour). You can use survey monkey analysis website (https://www.surveymonkey.com) for the survey. Analyse the survey data in this section and attach the survey in APPENDIX. Maximum word limit for your survey data analysis is 500 words. ●Identify your potential competitors through competition analysis and discuss what product or services are offered by the competitors. Task Outcome (S/NYS) Findings-By conducting primary research through survey it has been analysed that consumer like to collect information through online source, they prefer to pay online instead of offline payment methods because it saves time. Consumer like to collect information via friends and family about products offered by Foxtel, they mostly used Facebook for collecting data which is very essential while making purchasing decision. Group influence is the key driver of consumer behaviour, it helps to make buying decision. People before taking final decision evaluate alternatives in order to choose the best item.At the time of purchasing, customers take a lot of time to think and then take decision. In order to drive people towards buying, organisation had to create the best marketing strategy because it directly affects consumers buying behaviour. VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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BSBMKG419_BSBMKG413_BSBIPR403 2020 Competition analysis Conduct market research With the help of conducting market research and analysis, Foxtel firm analyse their competitors. DIRECT TV, spectrum and Netflix is the main competitors of company. Evaluate products and services Netflix is the biggest competitors of Foxtel, they offer TV shows, Games and streaming media video on demand.Netflix offer three streaming plan, standard, premium and standard. On the other hand Foxtel offer sports HD pack, movies and Favourite pack to its consumers. Task 7:Prepare you marketing strategy as part of your Marketing Plan. You are required to ensure your marketing strategies addresses innate and acquires needs of consumers and appeal to motives that influence decision-making. Talk about your selected product and uniqueness of your selected product. For example, when analysing pricing strategies, mention your pricing strategy and factors that affect the pricing of offers. For more information on the 4Ps, refer to the linked resource at http://marketingmix.co.uk/ Task Outcome (S/NYS) Marketing plan is comprehensive blueprint or document that outlines promotional and advertising efforts. There are the essential elements of a marketing plan The marketing strategy of company is to generate profit and awareness about products or services in market to gain attention of people. VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 The new movie series is the best product offer in HD quality to consumers which affect decision-making process of consumers. Product- Foxtel provide range of products to its consumers such as movies and TV series, production department focus on quality of things because help to satisfy their customers. Price- By selecting the best pricing strategy company gain the attention of people more than its competitors, they chose premium pricing strategy which is quite beneficial in term of profits. Place- Organisation chose the best place where consumers easily visits and talk about their requirements. Promotion- Firm select different types of promotional tools such as Face book and other social media marketing platforms that help to generate more awareness about its business within marketplace. Task 8:In this Task you will set marketing objectives based on the consumer behaviour analysis that you have completed. To do this you will need to discuss your rationale, aim and objectives such as; gaining more market share, increasing subscribers, profit or revenue maximisation, introducing new product/service offer to influence customer retention, etc. Task Outcome (S/NYS) The reason behind developing marketing objectives is to gain market share, increase revenue and introduce new goods. The aim and objective of it, is to maximise profitability rather than VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 before that influence consumer retentions effectively. With the help of setting marketing objectiveFoxtel company can generate more revenue and increase their profitability more than its competitors. Task 9:Based on the consumer behaviour analysis and the marketing strategies and objectives you have set, design a direct response offer for consumer. This section includes three tasks: a) Design the Direct Response Offer b) Evaluate the Offers c) Design Customer Feedback Process for the Offer Task Outcome (S/NYS) 9 A) Design the Direct Response Offer Design the right range of offers for the right audience which will influence their decision making process and will meet your Organisational marketing objectives which you have mentioned above. Design should include: ●Offer content ●Offer timeframe ●Design of the advertisement ●Media channel ●Type of offer (hard offer, soft offer, lead generation offer, etc) VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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BSBMKG419_BSBMKG413_BSBIPR403 2020 Relate how the offers will increase the chances of reaching your marketing objectives. The direct response offer is to retain potential consumers and gain attention of new as well, it can be a low price and high-quality services which is quite beneficial for customers. Offer content- By subscribing on Foxtel applications to watch movies series consumers get discount offer up to 20% . Offer time frame- The offer is available at limited time frame, consumers subscribe and get discount till the end of March. Design of advertisement- Media channel- Social media channels such as Twitter, Facebook and Instagram are used to promote offer. Type of offer- Hard offer can used by firm to promote their discount offer, it contrasts with as soft offer in which good is presented first. This offers is valuable for consumers as help to gain their attention because they get HD quality at affordable price. VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 b) Evaluate the Offers Respond to the following requirements of the research you have completed: 1.Discuss the effectiveness of the offer and how will you monitor the response of the customer after the offer. (Use similarweb.com to track digital footprint) 2.Analyse the role of consumers in determining the demand for your chosen product. (For example, average time spent on the product page, product acquired, etc.) 3.What methods and digital platforms will you use to monitor response? 4.Discuss usage of a range of office equipment (telephones, internet) and software (databases) to evaluate the response and redesign the offers To take feedback about offer, firm keep question simple and short and asked with the help of online websites. c) Design Customer Feedback Process for the Offer 1.Design a customer feedback form below with the relevant questions (attach the feedback form to appendix). 2.List the vehicles/methods for gathering customer feedback. 3.Highlight how and what improvements can you make after receiving your customer service feedback They can conduct survey to obtain feedback. VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 Task 10:Mention what sort of platforms (such as; digital media, mass media, etc.) would you chose for communicating your direct response offer. Mention few of the current digital channels (such as TVCs, Facebook, etc) and compare their cost and effectiveness. Discuss how you can analyse consumer responses to previous marketing communications. Task Outcome (S/NYS) Digital media platform will choose for communicating direct response offer, it is one of the best and quick way to generate awareness. It refers to digitalization content that can be transmitted over computer or internet networks. Facebook is current and latest digital channel used by many companies to promote their products and services within marketplace. Twitter is another channel can use by organizations for marketing purpose. Facebook is better than Twitter because it is cost effective, Facebook permits like and Friends while Twitter’s call to activity is to follow. With the help to Twitter firm can conduct marketing activities while on the other hand Facebook is more beneficial in term of marketing because it is use by large number of consumers. By conducting online research and identify the Feedback on business websites, it is easy to analyse people response to previous marketing communications. Task 11:Highlight any key legislation, code of practice which you will keep in mind when designing or communicating the offers. Talk about the legal guideline for behavioural advertising and what might affect or influence your operation Task Outcome (S/NYS) VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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BSBMKG419_BSBMKG413_BSBIPR403 2020 Broadcasting service Act 1922 is considered while communicating or designing offer, it is a legislation or act of Australia, widely cover problems relating to media ownership and content regulation in nation. Code of practices Before designing offer, firm identify the effectiveness of content can use for this process. Commercial Television sector code of practice restricts communicating offer for specific services or products, with reference to systems that are directed at child. Guideline for legal guideline for behavioral advertising and its impact on operation Organization must periodically assure their actual data collection, review their privacy policies and share practices are aligned with their policies. Company should track legal and press reports related to behavioural advertising and also track other data protection problems. Task 12In this section you will outline your budget & costing for the direct response offer. The task will be best presented as a single spreadsheet OR in a WORD table that you will attach in appendix. Provide specific detail on the following in the space below: ●Your total cost breakdown (overall spend across tactics) ●Any financial KPI’s and milestones that need to be reached ●Potential return on investment time frame ●Challenges you may face regarding cost management and ways to overcome it Task Outcome (S/NYS) VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 (PART COVERED IN APPENDIX) Potential return on investment time frame Direct response marketing is kind of sales technique designed to obtain an on-spot response & encourage a potential consumer to take action by opting in direct response offer. The potential return is based on success of direct response and marketing activities. Challenges face regarding cost management and ways to overcome it Lack of knowledge on utilization of available technology and tools among workers is one of the biggest challenges faced while cost management. To overcome this obstacle, training is the best way to enhance knowledge of employees which make them able how to use technology and tools while performing and doing work. Task 13:Identify and list both relevant stakeholders and networks with whom you would consult with to plan promotional activities to meet objectives, budget and timelines. Discuss how and whom would you allocate roles and responsibilities to coordinate promotional activities. Task Outcome (S/NYS) Employees To meet objectives, timelines and budget, Foxtel company had to consult their promotional activities with different stakeholders such as workers, because they are able to make it successful, without making discussion with staff they success of promotional activities is not possible. Company VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 Firm is the main stakeholder with whom the discussion and consultation about promotional plan activities is very important, because they provide approval for further activities. Government authorities To manage and run marketing activities effectively government support is the main thing, so management have to consult plan with them that help to meet objectives effectively and legally. Marketing manager Marketing manager is the person who is able to achieve the aim of marketing plan and conduct activities effectively, Foxtel and its management give accountabilities and duty to marketing manager to coordinate promotional activities, as they had all the skills and knowledge required for this procedure. Task 14:Develop action plans to provide details of products and services being promoted. Discuss your strategy to establish and conduct relationships with targeted groups to develop positive image. Prepare conclusions and recommendations and develop constructive advice on future directions of promotional activities based on your consumer feedback results. Task Outcome (S/NYS) Define objective Before launching products within marketplace, company had to define clear objective for this activity that help workers to perform accordingly. Select product or service Organization chose which goods they want to promote, that help while developing strategy according to it. VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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BSBMKG419_BSBMKG413_BSBIPR403 2020 Develop strategy After selecting goods and setting objective, marketing team create their strategy which is relevant for chosen products and generate awareness about it in market effectively. Create marketing content Marketing department create the best advertisement content or message that help to gain attention of consumers, it also helps for product promotion. Introduction Finally after making content, company launch product that drive people towards purchasing it. Once firm have determined their target consumers, they can create a PR strategy to communicate with them. It will help to build strong relationships with customers and encourage them to become essential clients, increase sales leads and build brand awareness. It has been concluded that by following above stages company develop their product promotion plan that help to generate awareness in market and increase profitability rather than before. To enhance and build strong connection with consumers Foxtel recommended adopting media announcements as promotional activities will used in the future that help to gain attention of new consumers. Task 15:Develop and discuss Foxtel’s policy and procedures to protect your brand and trademarks. Discuss the trademark application process and outline different ways of protecting your trademark. Evaluate and discuss the role of intellectual property professionals in the trademark application process (https://www.ipaustralia.gov.au/trade-marks/understanding-trade-marks) Task Outcome (S/NYS) VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 To protect brand, company develop in house approach, it conceived as best way to reduce number of hands that touched firm brand and more efficiently market their fully operated channels. Furthermore, Foxtel protect their trademark by intellectual property rights, by filling an application for registration with regional or national trademark and paying needed fees. Trademark application procedure The application is made in prescribed manner and filed with fee for trademark registration. It will be filed at one at five hallmark registrar office having power over the online or state. Firm had to select mark, mark format, determine products or service, search and filing basis, it defined the process of trademark application. Ways to protect trademark - To protect hallmark and minimize the risk of trademark rejection, firm had to conduct comprehensive trademark search before applying for its protection. - Company had to prepare & file a application of trademark and respond promptly to office oppositions. Role of intellectual property professionals in trademark application procedure IP professional such as trademark agent or patent agent play vital role in trademark application process, they help to identify intellectual property, aid with development of strategy and also help to protect IP all around the world by providing guidelines and directions for registering trademark. Task 16:Discuss and explain processes that can be used to monitor the market for infringements against Foxtel’s trademarks. Highlight your options for commercialisation of trademarks and potential benefits for the organization if you do so. (https://www.ipaustralia.gov.au/trade-marks/understanding-trade-marks) VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 Task Outcome (S/NYS) Search engine is the best way to start point when performing trade mark monitoring search. It helps to provide with access to online public domain, by simply using google to search similar or identical words as well as image similar to company trade market will help identified whether someone has infringed trade market or not. Another way to monitor market for misconduct against firm trademarks is new trade market applications that are all listed on IP Australia’s publicly available data based called Australian trade market online search system. Commercialization of trademarks is quite beneficial as it helps firm use an intellectual property for commercial gain, including transfer and licensing of brand names. Task 17:Based on your response to Task 16, make recommendations to develop and use trademarks with commercialisation potential. Outline the benefits, costs and risks of trademark registration and other forms of trademark protection. (https://www.ipaustralia.gov.au/trade-marks/understanding-trade-marks) Task Outcome (S/NYS) Foxtel firm is suggested utilizing and developing trademarks because it is beneficial in term of business growth, success and increases profit margin. With the help of using trademark VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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BSBMKG419_BSBMKG413_BSBIPR403 2020 company can protect their unique name, symbol, phrase and logo which is one of the most essential investment in business. Benefits, costs and risk of trademark registration Trademark registration provide many benefits to firm as it helps to build trust and good will within marketplace. It makes easy for client for find out Foxtel products or services, and allow to make their goods different from that of current and foreseen competitors in market. The cost of registering trademark in Australia is $895, including professional fees, government and GST to fully register organization trademark in nation for 10 years assuming no oppositions or objections. The main risk while registering trademark is that firm trademark is similar with previously registered one, in this situation company will infringe these trademarks, which provoke business owner to sue other for trademark infringement, this is risky or dangerous, that suggestion for firm it to order a trademark search first. Other forms of trademark protection Generic mark, suggestive mark, and arbitrary mark are the other type of trademark protection, that save firm from legal issues. Task 18:Search databases of existing registered and pending trademarks and investigate any use of unregistered trademarks. Think of a name and propose a trademark that does not infringe on another party’s existing trademark. Go to (https://www.ipaustralia.gov.au/trade- marks/understanding-trade-marks) and participate in trademark application process. Take screenshot of your action and attach in to appendix. You do not have to lodge the application. Take help of the following link to search existing registered or pending trademarks: https://search.ipaustralia.gov.au/trademarks/search/quick http://xeno.ipaustralia.gov.au/tmgns/facelets/tmgoods.xhtml VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 Task Outcome (S/NYS) Lapsed, With drawn and Cancelled are never registered trademarks, which can be used by company companies. 4.61 million number of trade mark are registered and 1787269 bar pending. Strong trademarks does not infringe on another party’s existing trademark, it helps in brand protection and Bolster business reputation . Task 19:Discuss your procedure to ensure all employees are aware of the importance to the organisation of the protection and proper use of trademarks (https://www.ipaustralia.gov.au/trade-marks/understanding-trade-marks) Task Outcome (S/NYS) All the employees are aware of importance to Foxtel of proper use of Trademarks, the awareness can generated by following the steps, mentioned below. - Organization communicate with HR department in order to conduct meeting with their workers. - Human resource department send an important mail regarding meeting to all its employees, in which venue and time will be mentioned. VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 - After completing the above stage, HRM and senior authority provide information about which trademark company has been used which is really important for them as it help to protect from fraud. Task 20:Discuss your procedure to implement training for all employees to ensure they can protect and comply with your policies regarding trademark infringement. Outline how you will evaluate the effectiveness of your training effectiveness. Task Outcome (S/NYS) Before implementing training for staff, management establish program aim and capture the needs of workers. It is very important to set goal and identify the needs of training among staff member that is complied with policies regarding trademark infringement. After that management within organization chose the right and appropriate employee training software that help to enhance skills of people effectively. Human resource department to implement training for its worker will create useful, engaging and personalized employee learning experiences and then deliver training to each of them at right time. The effectiveness of training will be evaluated by monitoring employee’s performance and contribution in day to dayactivities.Furthermore, the another way to measure the effectiveness of training power is survey, by doing surveys at workplace a person can examine effectualness. Reference and Appendix: TASK 6 According to you, does people like to take information online? Yes No VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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BSBMKG419_BSBMKG413_BSBIPR403 2020 Do you think consumer take time while purchasing products? Yes No What are the motives which influence purchase decision? Product motives Patronage motives According to you does marketing strategy affect consumer behavior? Yes No In your opinion which channel is highly used by consumers for decision making? Facebook Twitter Does consumer evaluate alternatives of products or services? Yes No According to you does people collect information via friends and family member about goods? Yes No Does consumer consider other brand while purchasing goods along with previous one? Yes No In your opinion post purchase decision is important in context of consumer behavior? What are the drivers of consumer behaviour? TASK 12 Information about Costing and budget for direct response offer- VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 ResourcesCost$ Market analysis100 Workforce300 Resources required150 Marketing tactics400 Printing200 Total variable costs1,150 Financial KPI’s and milestones Net cash flow and liquidity ration is the best KPI used for accounting purpose, it is also used for monitoring growth of sales. Milestones TasksWeek 1Week 2Week 3Week 4Week 5Week 6 Market analysis Employee hiring Training Gathering Resources Data analysis VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBMKG419_BSBMKG413_BSBIPR403 2020 Findings Plan Implementatio n Registered number of Trademark- VC002 College of Sports & Fitness - - BSBMKG419_ BSBMKG413_ BSBIPR403 _Assignment 22/01/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C