1. Create a brand name, logo and 6. Who is the target market?
new product 7. Discuss how you will segment the 2. Find out what customers want - market conduct and fill in surveys (at 8. Complete a market map for the cereal industry - axes? least within this class) 9. Consider strengths and 3. Analyse the results of surveys - weaknesses of the cereal when what does this show? compared to competitors 4. Use secondary research to help 10. Have you thought about costs decide features of products (see involved in production/manufacture? url list) 11. What is your USP? 5. Analyse results - what does this 12. What is your price point and why? show? 13. Double check spelling, grammar and presentation style - practise with your group - who is saying what.
Assessment criteria - presentations
Knowledge: How well have you linked your decision making to Business terms/learning from our course - e.g. Market Research/Market Segmentation. (Rating out of 5) Ratings: 5 - Excellent Application: 4 - Good How well have you linked your ideas to Kellogg’s and the cereal market? (Rating out of 5) 3 - Fair Analysis: 2 - Needs improvement 1 - Poor How well have you looked at the evidence to support your decisions? Have you considered what the drawbacks or benefits of decisions are? (Rating out of 5) Teamworking: How well have you worked throughout the project together? How well do you manage presenting as a group? (Rating out of 5)