Develop a short analysis of the value of these secondary sources, specifically in gathering information on REI.
Preparation For this assessment, refer to the REI Case Study – Research Guide, linked in the Resources under the Required Resources heading. In addition, conduct independent research to develop a case study based on REI.
Your research resources should include the REI organization’s Web site, but you are also expected to use information about REI that has been gathered by organizations that are devoted to marketing research. These organizations are referred to as secondary sources. A short list of secondary sources is provided for you in the REI Case Study – Research Guide. Use these sites to get your research started. You are encouraged to explore further secondary sources.
Conduct your research on REI, focusing on the following topics:
How does the current U.S. economy affect REI retail operations? How does the current global economy affect REI retail operations? What types of legal and regulatory forces affect REI in the U.S.? What types of social and culture trends affect REI? What types of technology changes affect REI? Organizational Profile Development Based on your research, develop an organizational profile for REI’s marketing environment, analyzing the key environmental factors of the U.S. economy, global economy, legal and regulatory environment, socio-cultural forces, and technological forces.
Identify three or more of the secondary sources of information available for conducting market research on REI. Develop a short analysis of the value of these secondary sources, specifically in gathering information on REI. How might these secondary sources be used to develop an integrated marketing plan? How valuable would their information be in developing a marketing plan that would contribute to the company’s economic success?
Before you begin analyzing and applying principles of marketing, consider that there are two important perspectives on the marketing field:
That of a professional marketer working on reaching a targeted market. That of interested consumers, each a part of a different target markets; each inundated with marketing messages.
You make this distinction so that you can more closely analyze what marketing means and how to tell good plans and ideas from the bad ones.
The Assessment 1 Context document contains important information related to the following topics:
Defining Markets. Conducting Market Research. To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.
Based on your research of an organization: How does the organization’s positioning in the marketplace compare to its competitors? How are its product lines similar or different? If you consider a particular product category, such as outdoor apparel, how do the marketing strategies compare? How does this relate to the target market segments for these companies? Increasingly, social media sites are utilizing and sharing consumer information that many people consider private, such as their geographic location and their purchasing preferences. This has resulted in some controversy for organizations like Apple and Google.