BSBCRT501 assessment 2

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BSBCRT501 assessment 2

Task 2

Appendix 1: Third-party report template

Print and supply one copy per collaborator to complete after the collaboration meeting.

Appendix 2: Idea evaluation grid

Appendix 3: Record of ideas template

Appendix 4: Draft proposal template

Idea: Focus on Customer needs

Idea: Develop a new promotions strategy

Idea: Promote diversity in the workplace

Idea: Promote all promotion on TV and radio

Written feedback about the 4 proposals

1. promote diversity in the workplace

2. Focus on customer needs

3. increase mental health care programs

4. Promote all promotion on TV and radio

Additional feedback from stakeholder

The stakeholder suggests that the promotional strategy should be assessed first doing a SWOT analysis. An expert in marketing suggests that the promotions should be done on the most sold products; he said that this will create confidence on customers when doing new purchases.

Additional feedback from manager

Regarding the research findings from Lebara’s annual reports, interviews made to some employees it can be concluded that this company needs to implement new promotions to reach more clients. Furthermore, it is important that the company refine or write a new strategic plan to improve its current processes. It is important to have a multicultural work team within each department to have an inclusive workplace. Stakeholder and experts to have a better understanding on how an idea can be turned in a new strategy for the company. The concept proposal created, and implementation plans used to implement the new idea within the chosen organisation help me to address customer needs. The marketing manager who was the main stakeholder provides positive feedbacks all the time. He said that the idea was well understood. The company today is growing fast; thus, it is important to incorporate new ideas that be aligned within that view of development. Therefore, think on promotional strategies as the idea to address business needs could be a great way to help this organ...

BSBCRT501 assessment 2
Last updated: Jan 2022

Page 1

ization. Group cohesiveness guarantees the high participation by the team members in the group meetings and activities. That will lead towards the high ranks of the accomplishment of the goals and prevails the sense of family among the group members and this strengthens the personal relations among the team members. Furthermore, this has a positive effect on the performance.

F. A one-page summary of best practice for similar products, programs, processes or services.

The best thing that we should have to do promotion marketing strategy are mix strategies including;

Promotional Strategy

Contests are a frequently used promotional strategy. Many contests don’t even require a purchase. The idea is to promote your brand and put your logo and name in front of the public rather than make money through a hard-sell campaign. People like to win prizes. Sponsoring contests can bring attention to your product without company overtness.

Social Media Promotion

Social media websites such as Facebook and Google+ offer companies a way to promote products and services in a more relaxed environment. This is direct marketing at its best. Social networks connect with a world of potential customers that can view your company from a different perspective. Rather than seeing your company as “trying to sell” something, the social network shows a company that is in touch with people on a more personal level. This can help lessen the divide between the company and the buyer, which in turn presents a more appealing and familiar image of the company.

Mail Order Marketing

Customers who come into your business are not to be overlooked as they have already decided to purchase your product. What can be helpful is getting personal information from these customers. Offer a free product or service in exchange for the information. These are customers who are already familiar with your company and represent the target audience you want to market your new products to.

Product Giveaways and Samples

Product giveaways and allowing potential customers to sample a product are methods used often by companies to introduce new products and household products. Many of these companies sponsor in-store promotions, giving away product samples to entice the buying public into trying new products.

Point-of-Sale Promotion and End-Cap Marketing

Point-of-sale and end-cap marketing are ways of selling product and promoting items in stores. The idea behind this promotional strategy is convenience and impulse. The end cap, which sits at the end of aisles in grocery stores, features products a store wants to promote or move quickly. This product is positioned so it is easily accessible to the customer.

Point-of-sale is a way to promote new products or products a store needs to move. These items are placed near the checkout in the store and are often purchased by consumers on impulse as they wait to be checked out.

Customer Referral Incentive Program

The customer referral incentive program is a way to encourage current customers to refer new customers to your store. Free products, big discounts and cash rewards are some of the incentives you can use. This is a promotional strategy that leverages your customer base as a sales force.

A cost-benefit analysis for each of their three-best…

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BSBCRT501 assessment 2
Last updated: Jan 2022

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