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HCM 3006 W5 Assignment A New Marketing Opportunity<\/span><\/h2>\n

Sample Answer for HCM 3006 W5 Assignment A New Marketing Opportunity Included After Question<\/strong><\/h2>\n

Explain which proposal best supports the marketing opportunities outlined by the firm\u2019s CEO. In other words, does targeting one or the other group make sense in light of either of the proposals you have just drafted?<\/p>\n

Decide which (if either) of the strategies should be a part of your marketing proposal. Explain why and be sure to address each of the following:<\/p>\n

The opportunities available to the organization by marketing healthcare services to the mature marketplace and the opportunities available to the organization by marketing healthcare services<\/a> to the international consumer.<\/p>\n

How either or both of the opportunities compliment or conflict with the organization\u2019s current marketing strategy.<\/p>\n

What recommendations you would make to the CEO concerning the two proposals?<\/p>\n

A Sample Answer For the Assignment: HCM 3006 W5 Assignment A New Marketing Opportunity<\/strong><\/h2>\n

Title: <\/strong> HCM 3006 W5 Assignment A New Marketing Opportunity<\/strong><\/h2>\n

Analysis Types to Identify Market Opportunities<\/h3>\n

1. Consumer segmentation<\/strong><\/h2>\n

To understand your demand, you must identify consumer segments that share common characteristics.\u00a0These characteristics<\/a> can be “hard” variables such as age, gender, place of residence, educational level, occupation and level of income or “soft” variables such as lifestyle, attitude, values \u200b\u200band purchasing motivations.<\/p>\n

Hard variables can help estimate the number of potential customers a business can have.\u00a0For example, a nappies\/diapers producer should know how many children under 3 years live in a certain country as well as the birth rate. Soft variables can help identify motivations that lead to purchasing decisions including price, prestige, convenience, durability and design.<\/p>\n

An example of how segmentation can help identify market opportunities is Aguas Danone, a bottled water company in Argentina.\u00a0Several years ago the company\u00b4s sales were falling and they were looking for a new product.\u00a0Aguas Danone identified two drivers behind non-alcoholic drinks consumption: health and flavor.\u00a0Bottled water was perceived as healthy but did not offer the attribute of good taste.\u00a0Soft drinks and juices tasted good, but were perceived as highly caloric.\u00a0The company realised there was an opportunity for healthy drinks offering both taste and flavour. As a result, they launched flavored bottled waters Ser with great success. According to data from Euromonitor International, Aguas Danone has been the leader of Reduced Sugar Flavoured Bottled Water in Argentina since launching in 2002, beating giants such as Coca Cola and Nestl\u00e9. As of 2016, Aguas Danone still had 57% off-trade value share of Reduced Sugar Flavoured Bottled Water as well.<\/p>\n

2. Purchase situation analysis<\/strong><\/h2>\n

Purchase situations must also be examined to uncover expansion opportunities. Questions to ask when reviewing purchase analysis are:<\/h2>\n
\"HCM
HCM 3006 W5 Assignment A New Marketing Opportunity<\/figcaption><\/figure>\n