Students work through a pricing experiment testing optimal pricing for profits. They then construct a demand curve, as well as considering multiple environmental factors before making a final pricing recommendation. A good activity to understand the role of marketing mix experiments.
Setting Prices Using Marketing Experiments Review the Teaching Activity
This activity builds upon the existing Bud Light case study but focuses on the psychographic segmentation approach used by Bud Light. The exercise is designed for students to have a better understanding of what psychographic segmentation and how it can be used.
Bud Light and Psychographic Segmentation Review the Teaching Activity
This task is for senior marketing students considering their careers in marketing and where to specialize. A list of 30+ recent and emerging marketing roles are provided for consideration and discussion. A helpful exercise for students to start thinking about building their specialist skills.
Recent and Emerging Marketing Roles Review the Teaching Activity
Although widely posted and discussed, one of marketing’s biggest branding failures – Colgate Beef Lasagne (or Colgate Kitchen Entrees) was fake. Students review the back story to find out how this happened and the importance of always validating sources for key decision making.
Fake Products and Marketing Information Review the Teaching Activity
In this exercise, students complete two tables for the product life cycle – for the key characteristics of each stage and for the key marketing mix tactics for each stage. It is designed as a revision exercise and can be completed by individual students or in pairs.
Understanding the Product Life Cycle (PLC) Review the Teaching Activity
In this activity, students look at three scenarios where companies have manipulated and/or influenced market research and analytic results for their own purpose. This poses the question of ethical use of information. Your students discuss both ethics and business goals in order to see which one is more important.
Marketing Research Findings and Ethics Review the Teaching Activity
Many snack and beverage brands now introduce short-term mystery flavors of their products which are often tied to contests and social media engagement. This mini case looks at “What The Fanta” and asks students what the brand is trying to achieve, brand risk, and whether it is a new product or simply a sales promotion campaign?
Mystery Flavors: New Product or Sales Promotion? Review the Teaching Activity
In this mini-case study, students review the launch of Coca-Cola’s Y3000 limited edition flavor – which was co-created by AI. Is this a good strategic move for Coke or are they putting their brand at risk? Given that AI is now here to stay, this case study gives an insight on how AI might be used in the new product development process.
Coca-Cola Launches a New Flavor Designed by AI Review the Teaching Activity
In this task, students are presented with five different marketing problems for businesses operating in various industries. Students need to identify whether the firm would be best informed by using qualitative or quantitative marketing research. This is an ideal exercise to help understand how different types of research tools can deliver different information.
Do We Need Qualitative or Quantitative Marketing Research? Review the Teaching Activity
For this task students will calculate, analyze, and assess the Net Promoter Score (NPS) metric. They will look at two firms that have adopted different approaches to improving their NPS scores – but which approach is better?
Working with the Net Promoter Score (NPS) Review the Teaching Activity