UFM MKT207 Assignment 1 2 Feb 2024 Semester
UFM MKT207 Assignment 1 2 Feb 2024 Semester
PRODUCT MANAGEMENT
(MKT207)
FEBRUARY 2024 SEMESTER
Note: if any example from the prescribed book or any tutorial discussion questions is used
to do this assignment, ZERO marks will be given.
Rationale
Product Management is a complex activity, and companies face many challenges in
successfully executing the function. This assignment is designed to help develop your
understanding of the activities required to bring a product to success. This assignment
requires students to apply Product Management subject concepts in defining competition,
identifying competitors moves as well as assessing the attractiveness of a chosen industry.
TOPIC
Choose a product of a brand from the Healthcare Industry that embraces the rise of
environmental impact.
The product must have been in the Vietnam market for at least 6 months (to ensure viability
of information).
Critically assess the chosen product/product line and identify the following:
• Define the competition
• Competitor analysis
• Assess category attractiveness
• Product features, value and positioning
All discussions must be supported and justified with published facts, published journal
articles and references from creditable sources. The assignment must be written in a
report format.
2
MARKING SCHEME
Section 3 This section requires you to define the competition. You answer
Define the should include the following:
Competition of the
Selected Product 3.1 Level of Competition: name all the identified products. /15
Must adhere to need-based model (refer to Lehmann & Winer
2005 model)
3.2 Discuss another TWO appropriate methods that you can use /10
to identify the competitors besides need-based model.
Apply the proposed methods to the selected product. (SIC Code
is not required here)
3
4.2 Assess the chosen product and all competing products from /20
the following marketing perspectives:
• Product marketing objectives
• Target segment(s)
• Product value positioning
• Technology strategy
List of References Turnitin Originality index should be less than 2% per sources. /5
& Originality Mark deduction applies on those that exceed 2% per reference
source.
/100%
5/5
Excellent Good Average Poor Very poor
5 4 3 2 1
10/10
Excellent Good Average Poor Very poor
9-10 7-8 5-6 3-4 1-2
20/20
Excellent Good Average Poor Very poor
17-20 13-16 9-12 5-8 1-4
4
ASSESSMENT 2: GROUP ASSIGNMENT (30%)
This is a group project. Each group should have 4 members or less. No individual
submission is allowed. Individual submission will be given ZERO marks.
Rationale
A well product marketing plan is crucial for a product to be successful. Therefore, the ability
to plan and execute the plan is crucial for product managers in managing product marketing.
This assignment gives you an opportunity to examine in-depth the role and actual
implementation of activities in product management. You are given an opportunity to
explore the depth of your group’s creativity in product management planning and
implementation.
TOPIC
Identify a product that exists in China markets that your group is planning to market in
Vietnam. Your team is required to plan for the product marketing in Vietnam. Your plan
should include the following:
All discussions must be supported and justified with published facts, published journal
articles, and references from the creditable sources. The group assignment must be
written in a report format.
5
Marking Scheme
1.1 Your discussion should contain a table clearly stating the chosen product in /5
current reference country, price and pictures of the chosen product in Vietnam,
the price, target market, pictures and versions to be market.
Section 2 Clearly describe the selected product’s features using level of product.
Chosen Your answer should include the following:
product details
information 2.1 Levels of Product(s): Core, Actual and Augmented /10
Section 3: Provide a detailed analysis on the selected product and the competitors in
Competition to Vietnam.
be faced in
Vietnam All discussions must be justified with published facts/data/academic research
references.
Your answer should include the following:
/10
3.1 Levels of competition
(need-based model; name all the identified products at each level)
Section 4 Analyze the market potential and predict sales forecast for your chosen product
Market to market in Vietnam. Justify your discussion.
potential and
predicted sales 4.1 Based on the findings in sections 1, 2, 3 and 4, discuss the market potential /10
forecast in Vietnam. Justify your answer with published data/academic references or
other creditable references.
4.2 Prepare a sales potential for the product, and a yearly sales forecast for the /5
next 3 years.
Section 5 Describe the product strategy in a short and precise manner. Justify your
discussion.
6
Product • The product objective /5
strategy • Core strategy (positioning etc.) /5
List of Turnitin Originality index should be less than 2% per sources. Mark deduction /5
References & applies on those that exceed 2% per references source.
Originality
References must be published/creditable references. Mark reduction applies to
unverified sources references such as Wiki sources, MBA Skool, other
organization slides/personal teaching materials i.e. MBATools, Blogspot.
Total
/100%
5/5
Excellent Good Average Poor Very poor
5 4 3 2 1
10/10
Excellent Good Average Poor Very poor
9-10 7-8 5-6 3-4 1-2
20/20
Excellent Good Average Poor Very poor
17-20 13-16 9-12 5-8 1-4
7
Assignment No.: __
Office
Module/Subject Information
Acknowledgement
Module/Subject Code
Module/Subject Name
Lecturer/Tutor/Facilitator
Due Date
Assignment Title/Topic
Declaration
. I/We have read and understood the Programme Handbook that explains on plagiarism, and I/we testify
that, unless otherwise acknowledged, the work submitted herein is entirely my/our own.
. I/We declare that no part of this assignment has been written for me/us by any other person(s) except
where such collaboration has been authorized by the lecturer concerned.
. I/We authorize the University to test any work submitted by me/us, using text comparison software, for
instances of plagiarism. I/We understand this will involve the University or its contractors copying my/our
work and storing it on a database to be used in future to test work submitted by others.
Note:1) The attachment of this statement on any electronically submitted assignments will be deemed to
have the same authority as a signed statement.
2) The Group Leader signs the declaration on behalf of all members.
Signature: Date:
Email:
8
Feedback/Comments*
Main Strengths
Main Weaknesses
Date: Date:
Note:
1)A soft and hard copy of the assignment shall be submitted.
2)The signed copy of the assignment cover sheet shall be retained by the marker.
3)If the Turnitin report is required, students have to submit it with the assignment. However, departments may allow
students up to THREE (3) working days after submission of the assignment to submit the Turnitin report. The
assignment shall only be marked upon the submission of the Turnitin report.
*Use additional sheets if required.
9
ACADEMIC INTEGRITY
What is Plagiarism?
Plagiarism is academic dishonesty or academic theft, and it is a serious academic offence.
Plagiarism includes, but is not limited to, the followings:
1. quote, paraphrase or summarise someone else’s ideas, theories or data, in whole or
in part, without appropriate acknowledgement;
2. borrow ideas, opinion or words, in whole or in part, from other sources without
properly crediting the author(s);
3. use any facts, statistics, diagrams or graphs, in whole or in part, without
acknowledging the source clearly;
4. claim or imply original authorship of someone else’s ideas, theories or data, in whole
or in part, as your own;
5. employ or allow someone to help to revise, amend or write your work and pass off
as your own original work;
6. collaborate with or allow other students to copy your work; and
7. draw on sources more than what you have acknowledged by citations.
1. Books
2. Chapters in books
10
3. Journal articles
4. Conference papers
5. Newspaper articles
6. Magazines
7. Websites
8. Study guide
Different faculties or departments may have different requirement on how referencing for
an assignment should be done. The various formats used for in-text citations and list of
references are available in the following websites:
1. Harvard System
(http://www3.imperial.ac.uk/library/subjectsandsupport/referencemanagement/harv
ard))
2. Chicago Style (http://www.chicagomanualofstyle.org/index.html)
3. American Psychological Association or APA Style (http://www.apastyle.org)
4. Modern Language Association of America or MLA Style
(http://www.mla.org/style)
Once a student has selected a referencing style for his/her assignment, he/she must follow
the same style consistently throughout the assignment. We strongly suggest that the student
consults the lecturer/tutor about which method to use before submission of his/her
assignment.
1
http://www.yale.edu/bass/writing/sources/plagiarism/warning.html, accessed May 18, 2008.
11
Penalties for Plagiarism
The Turnitin Similarity Index for all programmes offered should be not more than 15%.
Penalties for plagiarism ranges from mark reduction for the assignment to expulsion from
the University. If plagiarism has been found to have occurred, the action(s) taken will be
determined by the forms of plagiarism implicated:
1. Complete plagiarism
Verbatim copying another person’s work without acknowledgement
- To be referred to a panel2 for further investigation. If the student is found to
be guilty, a grade “FL” is to be awarded for the subject.
Pleading ignorance or unintentional plagiarism does not constitute valid reasons for
plagiarism and will not avoid the penalties from being imposed. Excuses for acts of
plagiarism such as the following, but not limited to, will not be entertained:
1. I don’t have time to do the assignment
2. I have too many assignments due on the same day
3. I don’t know, I really didn’t do it
4. I am not aware
5. I don’t understand what plagiarism means
6. I have no intention to plagiarize
7. I forgot to cite the reference
8. I forgot to include the bibliography
9. My English is not good
10. My lecturer/tutor did not explain to me
11. In my country, it is alright to copy someone else’s work
12. My friend copied my assignment when I let him/her to look at my assignment
13. My friend copied my assignment when I allow him/her to use my laptop
14. I did my assignment in the computer lab, someone must have copied my work
15. I asked my friend to submit my assignment and he/she copied my work
16. I discussed my assignment with my friends, so our answers are the same/similar
2
The panel consists of the HoD as the Chair and 2 to 3 senior academic staff.
12
17. Even though I do not have in-text citation but I have bibliography/reference list
Students should be reminded that it is their responsibilities to take due care throughout their
written work to effectively reference or cite when they use others’ ideas from any source.
13