MarketingPLOAssessment ConductedduringtheSpring2013term TheMarketingPLOAssessedthissemesterwas: Constructandimplementapromotionalplan FivefacultyparticipatedinassessingthePLO.ThosefacultywerefourIntroductionto Businessfaculty(Lew,Carrigan,White,Zwart)andonePrinciplesofMarketingfaculty (Riker).Thetotalnumberofstudentsassessedwas109. Studentswereadministeredthecasestudybelow.TheywereaskedtoreadtheCasestudy andrespondtothequestionsasidentified.Thefacultythenuseascaleof1‐4togradethe studentresponses.Fourwasconsideredmasteryoftheconceptsand1wasconsidered lackofunderstandingoftheconcepts.Thecasestudywasadministeredinclassand collectedinclass. THEMARKETINGOPPORTUNITY Supposeyourroommatejustinventedanelectronicpencilthatsenseswhena wordbeingwrittenismisspelled,beeps,andshowsthecorrectspellingonasmall screenonthesideofthepencil.Hefiguresthepencilcanbemanufacturedfor about$5,sincethecostofcomputerchipshasdroppedsolow. Yourroommatecomestoyouforadviceandmoney.Hewillmakeyoua40% ownerifyouhelpmanufactureandsellthepencils.Heasksyoutoputup$500for materialsforthefirst100units.Heasksthatyouhelpmakeandsellthepencils afterclasses. Sinceyourroommateisstudyingelectronicengineering,heknowsaboutasmuch aboutmarketingasyouknowaboutelectronics.Youagreetostudythe possibilities.Youmakealistofquestionsthatneedtobeansweredbeforeyou commityour$500. 1.Whatneeddoesthisproductfill? 2.Whatisthepotentialmarketfortheproduct? 3.Whatarethetargetmarketsforsuchaproduct? 4.Whattypeofconsumergoodisthisproduct? 5.Howwillyoudistributetheproduct? 6.Howcouldtheconsumerbeconvincedtopurchasetheproduct? 7.Whataretheotherquestionsthatneedtobeansweredbeforeadecisionis made? Studentsscoresrangedfromanaverageof1.2to3.3withtheirunderstandingthehowto constructandlookatwhatwentintoapromotionalplanforaproduct. Question 1 2 3 4 5 6 7 Average 3.3 2.8 2.9 1.2 2.8 2.6 2.8 Abarchartshowsavisualrepresentationoftheresponsestothesevenquestions. Average 3.5 3.0 2.5 2.0 Average 1.5 1.0 0.5 0.0 1 2 3 4 5 6 7 Question1: Studentsclearlyidentifiedwhatneedtheproductfilled.Anaverageofthescoresforthis questionwere3.3.Theycouldarticulatewhattheneedwasandwhytherewasaneedfor theproduct.Responsesforwhattheneedwasdifferedbystudent,butoveralltheconcept ofneedforaproductwasunderstood.Thegeneralresponsesfacultywerelookingforto thisquestionwas:Thispencilwillhelpthosestudentswhoarenotgoodspellerstolearn howtospellbetterandtomakesurethatwhattheywriteisspelledcorrectly. Question2: Moststudents(average2.8)couldarticulatewhatthepotentialmarketfortheproductwas, identifyingageneralmarketthattheproductwouldsellto.Thegeneralresponsethatthe facultywerelookingfortothisquestionwas:Thepotentialmarketincludeseveryonewho usesapenciltowritewordsratherthannumbers. Question3: Amajority(average2.9)ofthestudentscouldidentifyoneormoretargetmarketsforthe product.Thegeneralresponsetothisquestionthefacultywerelookingforwas:Especially interestedmaybestudents,writers,andeditors. Question4: Thisquestionhadthelowestscoresoutofthoseassessedwitha1.2average.Itwasclear thatstudentscouldnotidentifythevarioustypesofconsumergoods,andspecificallythe typeofconsumergoodthatthecasestudyproductrepresented.Theresponsethefaculty waslookingfortothisquestionwas:Itisashoppinggoodinthatitwillcompetewithother pencilsandpensofcomparablecost. Question5: Moststudents(2.8average)couldarticulatehowtheproductwouldbedistributed, identifyingoneormoredistributionavenuestogettheproducttomarket.Facultywere lookingforaresponsesimilartotheonefollowing:Eventuallyyouwouldwantaswidea distributionaspossible,includingdrugstorecounters,businesssupplystores,campus bookstores,andsoforth.Atfirst,however,itmaybebesttofocusoncampusbookstores andbusinesssupplystores. Question6: Moststudents(2.6average)couldarticulateatleastonewaythattheconsumercouldbe convincedtopurchasetheidentifiedproduct.Facultywerelookingforaresponsesuchas thefollowing:Usuallythebestwaytoconvincesomeoneofthebenefitofanewproductis tohavehimorhersampleone.Suchsamplescouldbeplacedonthecountersofthe bookstoresandbusinesssupplystores.Youwouldhavetotrainthestorepersonnelinhow tousetheproduct.Youcouldalsorecruitstudentsalespeopletododemonstrationsand selltheproductoncampus.Wordofmouthandpublicitywouldlikelyhelpincreating sales.Itisdoubtfulthatmuchadvertisingwouldbeneededatfirst,butiftheproductis successful,itcouldbeadvertisedwidely. Question7: Amajority(2.8average)ofthestudentscouldidentifyatleasttwoquestionsthatneededto beaskedbeforeadecisioncouldbemadetomarkettheproduct.Facultywerelookingfor responsessuchasthefollowing:Cansuchapencilreallybemade?Doyouhaveapatentor areyougettingone?Whatshouldtheinitialpricebe?Whoshouldmakethepencil?Do otherpeopleknowaboutthisidea?WherecanIfindthe$500quickly? Overallstudentsunderstandthebasicsofwhatgoesintoconstructiongapromotionalplan. FacultyidentifiedflawsinthePLO’sbecausemostcoursesdonotimplementapromotional plan.Plo’sforMarketingneedtobere‐writtentoreflectwhatisactuallyhappeninginthe coursework.WhenPLO’sforMarketingwerefirstconstructedfacultydidnotadequately considerwhetherornotwhatwashappeningintheclassroomalignedwiththecourse outlinesofrecord.PLO’sformarketingneedtoberestructuredtoadequatelyrepresent whatcourseoutlinesofrecordareindicatingaslearningoutcomesforthecourse.
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