Target marketing comes to
life when we take a generic product (soap, bath gel, lip balm) and re-build
it as a tightly targeted, specialized product line designed for a specific
group. I select a Generic product line andthen assign each group of
students a specific target market differentiated
by age, gender, etc. Students then address each element of the marketing
mix as they tinker with product formula (bubble gum ChapStick anyone?),
packaging, etc. The project helps them understand the concept of target
marketing, AND it helps them realize how many different ways a basic
product can be reworked into new and different product lines. Best of
all, it makes a strong statement about the importance of all elements
of marketing in today's business environment.
Lisa Jones
Franklin, TN
**reprinted from MarkEd e-mail, 7/30/04