Solving the Problem: Five-Step Marketing Research Approach Presentation Solving the Problem: Five-Step Marketing Research Approach PresentationReference: Kerin, Roger A. & Hartley, Steven W. (2017). Marketing (13th ed.). New York, New York: McGraw-Hill. Purpose of Assignment The purpose of this assignment is to place students in the active role of a marketing manager with a problem threatening the organization's
survival. Students will respond to a specific scenario that requires them to address the concepts both critically and creatively to solve the
scenario's dilemma. Assignment Steps Resources: Marketing: Ch. 2: pg. 40-46, 54-69; Ch. 3: pg. 72-92; Ch. 8: pg. 207-227; Ch. 9: pg. 242-257; Week 2 videoScenario: You are the marketing manager for a local nonprofit charity whose funding is based on membership fees. You've noticed a severe drop
in new memberships and a decline in repeat memberships, which is threatening your organization's ability to survive and grow. You have decided
to implement the Five-Step Marketing Research Process to help understand the problem and create solution strategies to implement. Create a 10- to 20-slide (not counting the cover slide and reference slide) Microsoft® PowerPoint® presentation with speaker's notes on the
Five-Step Marketing Research Approach detailing how you will use each step to solve the membership issue the local nonprofit charity is
facing.Address the following in your role as marketing manager:• Define the Five-Step Marketing Research Approach and discuss the importance of research in marketing. • Describe each step of the Marketing Research Approach (one slide for each step) in detail including its goal, and create an example
aligned to the scenario above to illustrate how that stage would be implemented toward the problem's solution.• Define the two types of research data this process gathers and their pros and cons. Share examples of each type that would be useful
in solving the scenario.• Compare and contrast the Five-Step Process with two alternative methods for conducting marketing research. What are the pros and cons
of each?• Define what it means to differentiate a service and provide an example to illustrate how the local nonprofit charity in the scenario
can use the strategy to help increase target market interest.• Explain how differentiation will help position the organization.Cite a minimum of two peer-reviewed sources with one being from the textbook or the University Library. Format your presentation consistent with APA guidelines.
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