logo

Implementing Marketing Activities for Aussie Toy Company

   

Added on  2023-01-16

9 Pages2206 Words43 Views
 | 
 | 
 | 
BSBMKG514: Assessment 2
Tasks
Task 1
a) Describe how you would effectively implement marketing activities for a product of The Aussie Toy Company Ltd.
To effectively implement marketing activities for a product at Aussie Toys the first step is to plan, by creating a marketing plan that contains
objectives and strategies that will act as a guideline for the organisation. After establishing the marketing plan, the next step is the
implementation phase. The implementation phase is important as it turns marketing plans into marketing actions in order to accomplish
strategic marketing objectives, it addresses the who, where, when and how of reaching goals and objectives for the business. In this phase
communication is essential, as it engages stakeholders in carrying out and achieving these objectives. This is done by using a cultural approach
of implementing by including stakeholders in the development of the marketing objectives and its measures and monitors through team
building strategies. This strategy gets everyone involved, encourages all ideas, ownership, teamwork behaviour and responsibility, it involves
brainstorming, asking for employee’s feedback and taking those comments on board. In particular, making sure they understand how the
marketing plan fits within the business’s goals, objectives, priorities and policies, discussing whether the staff have the skills and aptitude to
implement the plan, giving them opportunities to develop their marketing skills with training and mentoring and even considering whether
there is a need to recruit marketing staff. This phase involves delegating specific tasks and timelines to individuals and groups, creating an
action plan, deflection of distractions by focusing on the tasks at hand and determining where time is best spent, paying attention to detail,
monitoring progress through KPI’s like email sign ups, sales reports etc and having weekly progress meetings. After employees gather the
necessary resources to execute the program and management are in agreement, then it is time to release the product to the public.
b) Outline the specific actions required to be implemented (what, how, by who, by when) related to the marketing mix activities. You
can use a table format for your responses.
WHAT Strategy?
Marketing mix strategies for
each P
How
Actions required
Who
Who is
responsible
(Title or
How much will it cost or number
of hours
(costing)
By When
(specific date)
Implementing Marketing Activities for Aussie Toy Company_1

agency)
Launch Buzz Lightyear flying
action figure toy Update website/social media of
new product
Create new product packaging
with details of the new
features/instructions
Taking photos/videos of new
action toy
Create product detailer with
packaging shots and
features/instructions
Web
design
er/soci
al
media
conten
t
produc
er
Brand
manag
er/desi
gn
agency
Assista
nt
brand
manag
er
Web designer ($43 p/h) x 3
hours=129
Social media content producer
($25 p/h) x 2 hour =50
Brand manager/design agency
($55 p/h) x 30 hours =1650
Assistant brand manager ($46
p/h) x 6 hours =276
30 March 2020
online update
20 March 2020
create product
detailer etc.
Photos to be
done on 17
March 2020
26 February
2020 to do
packaging
Implementing Marketing Activities for Aussie Toy Company_2

The pricing strategy is price
skimming
Calculate costs i.e. manufacturing,
brand, production etc.
Determine pricing objectives and
strategy
Research-market testing,
competition, influences
Accoun
ting
depart
ment
Brand
manag
er
Assista
nt
brand
manag
er/tea
m
Accountant:
$60 x 60 hours=$3600
BM: $55x30=$1650
ABM: $48x20=$960
23 March-10
April 2020
The placement strategy is
Disney Pixar’s Toy Story 4
action figure is main character in
Disney Pixar’s fourth instalment of
the movie Toy Story=storyline
includes Buzz flying
Movie trailer/preview/ads/posters
to feature the figure flying
Executi
ve
movie
produc
er
Movie
Directo
r/write
r
Movie
Design
(movie total) $95k from 90hr
PM: $55x40 =2200
ABM:$48x20=960
(movie)12
months prior
to the release
of the movie.
(ads)1 month
prior to the
release of the
movie
Implementing Marketing Activities for Aussie Toy Company_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Implement and Monitor Marketing Activities for Desklib
|7
|897
|385

Marketing of Aussie Lamington: Target Segmentation, Brand Awareness, and Health Considerations
|13
|557
|55

Case Study on Agilent Technologies: Organizational Change
|8
|670
|126

The Australian Market Condition of Textile Industry
|17
|3983
|22

Website Development Project for Native Bush Spices Australia
|5
|799
|123

Marketing Plan for Apple iPhone
|9
|496
|72