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MKT 575 Week 4 New Product Launch Analysis MKT 575 Week 4 New Product Launch Analysis Purpose of Assignment The purpose of this assignment is to help students learn how a well-written Strengths, Weaknesses, Opportunity, Threat, Trends (SWOTT) analysis should be a critical tool utilized in analyzing marketing information before launching a new product. Students will also learn how a SWOTT analysis may be employed to uncover competitive advantages to gain advantage in the market. Assignment Steps Scenario: As a professional marketing consultant; you have been hired to help a company launch a new product in their industry. Your objective throughout this assignment is to develop and to gain and maintain a competitive advantage in the selected industry, and create value for the target market. Develop a 1,050- to 1,400-word analysis completing an industry and competitive analysis for your client. Create a new product or service to be offered by a company (either an existing firm or a start-up company) in one of the following industries: • Office supply products • Outdoor recreation • Fast food restaurant Attach the 8- to 10-question survey to be used for primary market research with the completed analysis. Include the following in your analysis: • A detailed description of the new product or service offering. • Determine market needs (justification for your choice of product). • Review past market history and estimate future growth potential. • Analyze the company’s strengths and weaknesses. List external opportunities, threats, and any possible trends. • Analyze potential competition for the new product. • Write a detailed overview of the competitive landscape. • Assess the competition’s strengths and weaknesses. • Draft a brief survey (8-10 questions) that may be used for primary market research. Questions should collect primary data about the target market to help you develop a branding and marketing communications plan. Cite a minimum of two peer-reviewed references. Format your paper consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.