You are the marketing manager for a local nonprofit charity whose funding is derived from membership fees.
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Question:
- You are the marketing manager for a local nonprofit charity whose funding is derived from membership fees. You have noticed a severe drop in new memberships and a decline in repeat memberships, which is threatening your organization's ability to survive and grow. You have decided to implement the Five-Step Marketing Research Approach to help clarify the problem and develop strategies for implementation.
Address the following in your role as marketing manager:
- Define the Five-Step Marketing Research Approach and discuss the importance of research in marketing.
- Describe each step of the Marketing Research Approach in detail and create a plan of attack to explain how each stage should be implemented relative to the scenario.
- Define the target market that you are striving to bring into this organization and describe the methods of research that you will use to identify these groups of people.
- Define service differentiation. Provide an example that illustrates how the local nonprofit charity in the scenario can use differentiation to help increase the target market's interest.
- Explain how differentiation will help position the charitable organization within its defined market.
Related Book For
Managerial Accounting Creating Value In A Dynamic Business Environment
ISBN: 9781264100699
13th Edition
Authors: Ronald Hilton, David Platt
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