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Analyzing Marketing Simulation Outcomes

Analyzing Marketing Simulation Outcomes

(Analyzing Marketing Simulation Outcomes)

Analyzing marketing simulation outcomes involves assessing the effectiveness of decisions made during the simulation in relation to set objectives. Key metrics, such as market share, profitability, customer satisfaction, and brand equity, are evaluated to understand the impact of various strategies. Comparing predicted versus actual results helps identify strengths and weaknesses, informing future decisions. The analysis also highlights areas where marketing tactics succeeded or faltered, offering valuable insights for refining strategies in real-world applications.

Marketing simulation analyzing results of a marketing strategy

Playing the role of the Marketing Manager in a marketing simulation for Minnesota Micromotors, Inc. (MM). Minnesota Micromotors, Inc. (MM), based in Minneapolis, is a manufacturer of brushless, direct current (BLDC) 1 motors used in orthopedic medical devices. Approximately 70% of the revenues of Minnesota Micromotors, Inc. were generated from customers that placed large-volume orders.

In this Assignment, you will engage in the development of the following professional competencies:

  • Analyze Quantitative Data
  • Active Listening

Marketing Simulation

After you play the simulation in three steps (view the Directions document) complete the Assignment detailed in the Rubric.

See Rubric below for Assignment details.

Assignment: Minnesota Micromotors Paper Instructions Please answer the following questions in a 3-5 page paper (include additional title and references pages) and include APA format and citation style with accompanying references:

1. What was your marketing strategy for each of the decisions entered into the simulation game in Quarter #1?

2. What were the results of your decisions?

3. Analyze the results in terms of success or failure.

4. What changes will you make in future quarters? Please insert a screen shot of the Quarter #1 results in your paper. This can be done by highlighting the results, hitting Control+C, and then inserting the results in your paper by hitting Control+V.

5. Please view the rubric below for full Assignment details.

6. Why is the notion of derived demand so important for companies selling products and services to other organizations?

7. What is the North American Industry Classification System (NAICS) for Minnesota Micromotors, Inc. (MM) Submit your paper to the Unit 4: Assignment Dropbox.

 
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