Scenario
You are the regional marketing director of a theme park in the southeastern United States that is part of a global brand. The chief marketing officer (CMO) of global operations has called upon you to help coordinate the marketing tasks related to rolling out an emergency response due to a recent safety and injury incident at one of the parks resulting in serious injuries to employees and customers. The parks were closed immediately following the incident to ensure safety measures for customers and employees and to deploy the needed safety measures.
Now, as the theme park is all set to reopen, the CMO has called you to take a lead in planning the marketing strategy for the same. Your responsibility is to design a phased strategy for marketing the reopening of all parks. Your strategy should address the critical objectives such as maximum safety, crisis communication, customer satisfaction, and profit potential. You must coordinate marketing strategy with corporate strategy, as failure or success of the marketing strategy can have a direct impact on the brand.
As a first step, you will perform an analysis to understand the implications of reopening on brand equity. In this analysis you will identify the groups of stakeholders that are affected by the reopening and also plan the communication strategy for before and after the parks’ reopening. Also, you will identify the roles and responsibilities of key functional departments that are going to play an important role in the reopening process. This analysis will help you develop a strategic marketing plan to address the reopening of the park and also to develop an effective crisis communication plan.
In this milestone, you will create a PowerPoint presentation that will include brand analysis and the implications of reopening on the brand equity and functional departments, including their roles and responsibilities in the reopening process.
Prompt
Brand Analysis and Implications—In this part of the project, you will present the brand implications of reopening the park in the course scenario. Your presentation should include the following critical factors:
Functional Departmental Roles and Responsibilities—In this part of the project, you will identify three functional departments and describe their roles and responsibilities in making the reopening of the park a success. Your presentation should include the following critical factors (slides 9–12):
Brand equity is the value that a brand brings to an organization. It can be measured in terms of customer loyalty, brand awareness, and other factors. A strong brand equity can help an organization to achieve its marketing and business goals.
Organizations invest heavily in building their brand equity. This is because a strong brand can bring many benefits to the organization, such as:
-Increased sales: A strong brand can lead to increased sales as customers are more likely to purchase products from a brand they know and trust.
-Higher prices: A strong brand can allow an organization to charge higher prices for their products, as customers are willing to pay more for a product from a trusted brand.
-Greater customer loyalty: A strong brand can create greater customer loyalty, as customers are more likely to continue purchasing products from a brand they know and trust.
-Improved employee morale: Employees of a well-known and respected brand often have higher morale, as they feel proud to work for a company with a strong reputation.
A strong brand equity can be a major asset for an organization. Therefore, organizations should invest in building their brand equity to reap the many benefits it can bring.
Copyright © 2012 - 2024 Apaxresearchers - All Rights Reserved.