Marketing Essay
Description
SCENARIO
You work for a taxi service in a large urban area. As the rideshare industry has continued to expand and while companies like Lyft and Uber dominate the marketplace, taxi services have struggled to compete. Rideshare service is faster and in most cases cheaper and now, with the ability of rideshare companies to gain licenses to pick up and drop off at your airport, you are really trying to find innovative ways to stay relevant. You know that there is a certain demographic that will not use companies like Uber or Lyft due to fear of technology, as well as safety concerns. You want to find out what that demographic is and develop a targeted strategy to reach those potential customers, and retain those that you still have.
As marketing manager for your company, you will work to define what your target market will be. In order to do this, you will first need to do background research to understand the competitive environment. You will also want to know what demographic your company caters to, and what their likes and dislikes are about taxi services. The same information will need to be gathered about rideshare customers. You will gather this information by developing a survey to be distributed via social media.
To accomplish this, you have decided to create a proposal to present to senior management that lays out your plan for constructing your survey and how the survey will help you develop a marketing strategy to increase your business.
INSTRUCTIONS
Using Microsoft Word, create a proposal that defines the business problem your company is facing and how you will design your research to address the issue.
- Create an introduction that defines the business problem. Include an overview of the competitive landscape using three outside sources (Rasmussen library databases, websites, annual reports).
- Present four demographic questions that address your research problem. Be sure to identify the measurement scale you are using and why. (nominal, ordinal, ratio, interval)
- Present four questions related to taxi services will help you understand customer likes and dislikes. Be sure to identify the measurement scale you are using and why. (nominal, ordinal, ratio, interval)
- Present four questions related to rideshare companies that will help you understand likes and dislikes. Be sure to identify the measurement scale you are using and why. (nominal, ordinal, ratio, interval)
- Explain why you are using social media to distribute your survey.
- Write a conclusion that explains how your research findings will be used to inform your marketing strategy.
RESOURCES
FAQs
Library Resources
- Company & Industry Information page of School of Business Guide – recommended databases for researching companies and industries
- Consumers & Demographics page of School of Business Guide – recommended databases for researching consumer trends and demographics
- APA Guide
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