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Mastering Metrics Professional Marketing Assignment – CIM

Mastering Metrics Professional Marketing Assignment – CIM

TASK 1 – REPORT

Assessment criteria covered in Task 1:
AC1.1, AC1.3, AC1.4, AC2.1, AC2.3
Please refer to the module specification for assessment criteria details.

In your role as a Marketing Manager you have been asked by the SMT of your chosen organisation to produce a report on the role of metrics in measuring the volume and value of customer feedback.

Required:

  1. (a)  Provide a background to your chosen organisation, using the organisation summary guidelines.
  2. (b)  Discuss what factors, both internal and external to the organisation, could impact on the volume and the value of customer feedback received.
  3. (c)  Evaluate the effectiveness of the metrics that are currently used to measure the volume and value of customer feedback in your chosen organisation.

(5 marks) (10 marks) (15 marks)

(Total – 30 marks)

(Organisation summary recommended page count limit – one side of A4 paper) (Tasks 1 (b) to 1 (c) recommended page count limit – four sides of A4 paper)

TASK 1 – REPORT

Recommended page count limit:
Task 1 (a) – one side of A4 paper
Tasks 1 (b) to 1 (c) – four sides of A4 paper

ORGANISATION SUMMARY GUIDELINES

Contents will contribute to the FIVE marks available in Part (a) of Task 1.

The following headings must be included:

  • Organisation name
  • Type of organisation, for example, profit or not-for-profit, local, national, global, and type of legal entity
  • Size of organisation in terms of turnover and/or number of employees
  • Range of products and services provided
  • Customer base, for example, B2B/B2C
  • Main competitors

    Other information relevant to the assignment may be included, within the recommended page count limit, to assist the Examiner in understanding the organisation.

Guidance notes:

You will need to explore the measurement techniques that are required for

customer feedback and that support effective metric setting within the

organisation to ensure that the volume and value of customer feedback are

maintained.

Task 1 (b): Candidates should discuss a range of relevant external and internal factors that could impact on what metrics are used to measure the volume and value of customer feedback received. This may depend on the importance of marketing metrics to the organisation, the type of organisation and its lifecycle stage. For example, a start-up organisation with a low customer base but with an innovative product offering may differ in how it gathers customer feedback to a larger organisation that is keen to protect its market share in a competitive market. Other examples could be the impact of the skills of the current marketing team or financial constraints in the marketing budget.

Task 1 (c): Candidates should demonstrate understanding of the main marketing metrics that are currently used to measure volume and value of customer feedback. These could include, for example, customer profiling, satisfaction and loyalty metrics. The answer could also include examples of digital metrics, promotional and media metrics or business and finance metrics. Candidates will also be expected to consider the risks of, for example, relying on a single source of metrics, the reliability of metrics and the use of incorrect metrics.

TASK 2 – BRIEFING PAPER

Assessment criteria covered in Task 2:
AC3.2, AC3.3, AC4.1, AC4.2, AC4.3
Please refer to the module specification for assessment criteria details.

You have been asked to provide a briefing paper for the SMT that includes a dashboard to illustrate how metrics could measure the volume and value of customer feedback.

Required:

  1. (a)  Create a dashboard to illustrate how the metrics currently used can illustrate the volume and value of customer feedback for ONE key customer segment.
  2. (b)  Recommend ways in which the dashboard can be used to set alerts to changes in the volume of customer feedback received for this key customer segment.
  3. (c)  Evaluate how the current dashboard can be used to analyse and modify marketing activities used to improve the volume and value of customer feedback for the key customer segment.

(10 marks) (8 marks)

(12 marks) (Total – 30 marks) (Tasks 2 (a) to 2 (c) recommended page count limit – six sides of A4 paper)

TASK 2 – BRIEFING PAPER

Recommended page count limit: six sides of A4 paper

Guidance notes:

Task 2 (a): Using their answer to Task 1 (c) candidates should select ONE key customer segment in their organisation and consider the current metrics and how they can measure improvements in the volume and value of this customer segment feedback. For example, operational and tactical metrics that link to marketing activity, or metrics that allow for further data integration and management reporting. They should also consider the challenges of having too much data and how this can be overcome.

Task 2 (b): Candidates should demonstrate knowledge of what automated techniques can be used within a dashboard to help alert marketers to changes in levels of customer feedback. Then candidates should recommend ways to set, for example, trigger levels to identify when customer feedback drops below certain levels, or other methods of marketing automation.

Task 2 (c): Candidates should consider current marketing activity for the key customer segment and then evaluate how it could support obtaining improved levels of valuable customer feedback. This may include, for example, tracking trends of one activity compared to another, or evaluating the value of the feedback in relation to the data being sought from the marketing activity.

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