Professional Documents
Culture Documents
Answer the following questions according to the company that the group has selected.
Q1
(a) Explain any FOUR (4) major characteristics of a good mission statement, which
guide a company to grow in the future. (4
marks)
(b) Analyse one of your company mission statements in the scope of each major
characteristic from Q1(a) to explain how the mission statement guide your
company to grow / operate in the market. Assumptions can be used when
analysing your company’s mission statement for the explanation.
(6 marks)
[Total: 10 marks]
1. Limited no of goals
e.g., nestle
Unlock the power of food to enhance quality of life for everyone, today and for
generations to come
- Upgrade the food quality for the generations to come – what they plan to do in
the coming yrs
- To help improve 30 million livelihoods – limited no of goals
Q2
(a) Explain any FOUR (4) steps that a company can implement to improve the
quality of its marketing intelligence system.
(4 marks)
Train and motivate the sales force to spot and report new developments.
Motivate distributors, retailers, and other intermediaries to pass along important
intelligence.
Hire external experts to collect intelligence.
Network internally and externally
Set up a customer advisory panel
Take advantage of government data resources
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Purchase information from outside suppliers
Needed, timing, accurate?? How the step improve the dimension quality of the MIS?
(b) Apply all the steps from Q2(a) for the quality improvement of your company
marketing intelligence system.
(6 marks)
[Total: 10 marks]
Putting example.
Refer marketing intelligence to make decision.
e.g., go to competitors’ shareholder meetings that the competitors want to develop …
Q3
(a) Explain any FOUR (4) research approaches that a company may use to collect the
primary data from the market. (4
marks)
Observational research
Ethnographic research
Focus group research - select
Survey research
Behavioural data
Experimental research
The third possible approach is survey, to gather customers’ data in a cost-effective, time-
saving and bulk manner. Surveys can be done offline and online which adds to the
may lead to questionable results because of careless or inaccurate responses that are not
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The next possible research approach is a survey. It is highly representativeness, cost-
effective, and time saved. Surveys can be done online and offline. Many questions can
The fourth possible approach is focus group research. This method allows companies to
get input on customer reactions towards company strategy and new products where
suggestions and ideas are needed. A drawback is some individuals may hesitate to
express their true thoughts in the presence of opposing opinions or individuals follow the
general consensus, limiting the quantity of ideas pitched in. It is also susceptible to
moderator bias.
- The next possible research approach is focus group research. It helps the
company to have immediate access to customer opinions, data collection, and
analysis in a quick and convenient way. Therefore, it helps Mr. DIY to gain
insights into customer behavior and to have a better understanding of how
people think and feel about the product or service.
- They seek to know whether their proposed solution addresses the customer’s
problems and pain points, and to identify improvements that can be made.
(b) After three months of branding activities of new products / services, your
company plan to conduct marketing research about the brand awareness of the
targeted customers towards the new products / services. Use each research
approach from Q3(a), explain how your company’s marketing researchers
collect the data from the customers about their awareness towards the new
brand.
(10 marks)
Surveys
Mr.DIY can address both qualitative and quantitative questions when capturing survey-
based data through online platforms, email, or within own app. The collective data of
either negative or positive feedback are useful for the management to evaluate the
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weaknesses and strengths to help the company improve on the area that they are lacking
and keep on satisfying in the area they serve well. High customer satisfaction will reflect
Mr. DIY can perform qualitative and quantitative questions for data collection
via social media platforms, email, in-person, or apps. Interestingly, Mr. DIY
useful for the company to learn about the familiarity and popularity of the
products or services among the customers. Also, it can help Mr. DIY to learn
more about any weaknesses and gather information about competing brands,
Focus Group
In the assumption that Mr.DIY is about to collect feedback on the level of service given
out during the shopping experience, a focus group is created with the selected
respondents of user customers who are equipped with adequate knowledge to discuss
what set of constraints and improvements that can be made to carry out better quality of
service in each period of time. Through the feedback, the development team collected
feedback and suggestion regarding their expectation towards the service provided like
shopping assistance. The team can leverage the level of customer satisfaction by
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improving an aspect that is truly based on the customer input and giving a better solution
Write in structure essay. Words are less than 2000 for all answers (including the
references).
Double line spacing. 12 font Garamond.
ALL margins on A4 paper size: 1 inch / 2.54 cm
5
(a)
1 mark is allocated for each of the following points (maximum: 4 points).
(b)
1.5 marks are allocated for each of the following points (maximum: 4 points).
The referred points of answer must be the same for (a) and (b).
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characteristic that characteristic that characteristic that
your company use your company your company
it to expand the use it to expand use it to expand
company in the the company in the company in
market. the market. the market.
Analysis can be Analysis can be Analysis can be
referred to the referred to the referred to the
evidence from the evidence from evidence from
financial reports, the financial the financial
news releases, etc. reports, news reports, news
that can associate releases, etc. that releases, etc. that
with your can associate can associate
company’s with your with your
marketing / company’s company’s
business activities marketing / marketing /
to explain the business business
relationship activities to activities to
between the explain the explain the
characteristic and relationship relationship
the development between the between the
of your company. characteristic and characteristic and
the development the development
of your company. of your company.
Total marks (a) 4x1=4
Total marks (b) 4 x 1.5 = 6
TOTAL=10 marks
(a)
1 mark is allocated for each of the following points (maximum: 4 points).
Train and motivate the sales force to spot and report new developments.
Motivate distributors, retailers, and other intermediaries to pass along important
intelligence.
Hire external experts to collect intelligence.
Network internally and externally
Set up a customer advisory panel
Take advantage of government data resources
Purchase information from outside suppliers
(b)
1.5 marks are allocated for each of the following points (maximum: 4 points).
Train and motivate the sales force to spot and report new developments.
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Motivate distributors, retailers, and other intermediaries to pass along important
intelligence.
Hire external experts to collect intelligence.
Network internally and externally
Set up a customer advisory panel
Take advantage of government data resources
Purchase information from outside suppliers
The referred points of answer for (a) and (b) must be the same.
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Total marks (b) 4 x 1.5 = 6
TOTAL=10 marks
(a)
1 mark will be awarded for each of the following points (maximum: 4 points).
Observational research
Ethnographic research
Focus group research
Survey research
Behavioural data
Experimental research
(b)
1 mark will be awarded for each of the following points (maximum: 4 points).
Observational research
Ethnographic research
Focus group research
Survey research
Behavioural data
Experimental research
The referred points of answers for (a) and (b) must be the same.
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researcher collect researcher collect researcher collect
the data about the data about the data about
customers’ brand customers’ brand customers’ brand
awareness towards awareness awareness
the new brand. towards the new towards the new
brand. brand.
Total marks (a) 4x1=4
Total marks (b) 4 x 1.5 = 6
Total = 10 marks
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