This simulation exposes participants to all aspects of modern marketing. It allows your students to develop and execute a complete marketing strategy, including brand design, pricing, ad copy design, media placement, distribution, and sales force management. Throughout the exercise, students receive information on customer needs as well as a feedback on customer satisfaction with brands, prices and advertising
In addition to these reports, they will also discover how their actions reflect in both brand profitability and firm profitability. They will learn to prepare sales projections and analyze simple accounting statements. They will study competitive tactics and adjust their marketing strategy to stay ahead of the competition.
Here's a challenge for your students — They will lead a new marketing division of an established bicycle company. The division's task is to create a business around innovative technologies: a more economical form of carbon fiber and an advanced 3D printer that uses the new material to efficiently build a bike frame of any size and shape. This enables strong, lightweight bikes that are tailored to the size and usage of each customer.
Company: Marketplace Simulations
Approximate price: Unknown
Playtime: 4-16 hours
Learning objectives: The main difference with the Strategic Marketing Simulation lies with more complex market research data, greater number of regions to enter and more options in brand design and advertising. The simulation covers:
Market opportunity analysis
Sales force management
Profitability projections and analysis
Link to simulation home page: https://www.marketplace-simulation.com/advanced-strategic-marketing-bikes