Strategic Marketing (8130)

Other Virginia CTE sets

Examining Marketing and BusinessSM.1

  • 1

    Examine current events and trends that affect marketing.SM.1.1

  • 2

    Analyze the effects of marketing trends on a selected business or product.SM.1.2

  • 3

    (Optional) Describe the influence of environmental issues on marketing.SM.1.3

  • 4

    Explain elements of ethical decision-making.SM.1.4

  • 5

    (Optional) Present solutions to address unfair business practices.SM.1.5

Communicating in the WorkplaceSM.2

  • 1

    Explain the importance of follow-up communication.SM.2.1

  • 2

    Report information/data in a written document.SM.2.2

  • 3

    Report information/data in an oral presentation accompanied by visual aids.SM.2.3

  • 4

    Demonstrate examples of professional communication skills.SM.2.4

  • 5

    (Optional) Present an electronic device policy for the workplace.SM.2.5

Developing Professionalism in the WorkplaceSM.3

  • 1

    Apply time-management strategies.SM.3.1

  • 2

    Identify the steps in negotiation and their use in the workplace.SM.3.2

  • 3

    Identify the characteristics of leaders.SM.3.3

  • 4

    Identify the importance of continuing professional development activities for all employees.SM.3.4

  • 5

    (Optional) Propose changes to an employee handbook.SM.3.5

Understanding EntrepreneurshipSM.4

  • 1

    (Optional) Explain the concept of entrepreneurship.SM.4.1

  • 2

    (Optional) Describe the need for entrepreneurial innovation.SM.4.2

  • 3

    (Optional) Summarize challenges faced by entrepreneurs.SM.4.3

Understanding EconomicsSM.5

  • 1

    Explain the effects of economic change on business and employment.SM.5.1

  • 2

    Analyze the role of government in business and the economy.SM.5.2

  • 3

    Describe the effects of global marketing on businesses in the United States.SM.5.3

  • 4

    Describe the phases of the business cycle.SM.5.4

  • 5

    Explain productivity and its effects on individual businesses and the economy as a whole.SM.5.5

  • 6

    Predict price changes based on supply and demand.SM.5.6

Developing Management SkillsSM.6

  • 1

    Describe the functions and levels of management.SM.6.1

  • 2

    Explain the process of hiring, orienting, and training employees.SM.6.2

  • 3

    (Optional) Identify strategies for motivating employees.SM.6.3

  • 4

    Explain appropriate methods of communicating with employees.SM.6.4

  • 5

    Explain the importance of managing a diverse workforce.SM.6.5

  • 6

    Explain the process of handling employee complaints.SM.6.6

  • 7

    Explain the process of remedial action.SM.6.7

  • 8

    Outline the procedure for conducting an employee evaluation.SM.6.8

  • 9

    Describe legal aspects of personnel management.SM.6.9

  • 10

    (Optional) Apply decision-making skills to management situations.SM.6.10

  • 11

    Describe benefits and challenges of managing a global business.SM.6.11

  • 12

    Explain the importance of financial statements in decision-making.SM.6.12

  • 13

    Interpret financial statements.SM.6.13

  • 14

    Explain the importance of a marketing budget.SM.6.14

  • 15

    Create a marketing budget.SM.6.15

Managing Marketing InformationSM.7

  • 1

    Explain the importance of analyzing data.SM.7.1

  • 2

    Explain the nature of sales forecasts.SM.7.2

  • 3

    Explore opportunities for research and professional development.SM.7.3

  • 4

    Conduct a marketing research project.SM.7.4

  • 5

    Prepare a marketing research report.SM.7.5

  • 6

    Present marketing research findings and recommendations.SM.7.6

Developing Product/Service Planning SkillsSM.8

  • 1

    Analyze the life cycle of an existing product/service.SM.8.1

  • 2

    Analyze a product line and a brand extension.SM.8.2

  • 3

    Create a product extension for an existing product.SM.8.3

  • 4

    (Optional) Modify an existing branding strategy.SM.8.4

  • 5

    (Optional) Create a branding strategy for a fictitious business.SM.8.5

Understanding Product/Service PositioningSM.9

  • 1

    Describe the competitive positioning of an existing product/service.SM.9.1

  • 2

    (Optional) Analyze competitive strategies between similar businesses.SM.9.2

  • 3

    Conduct a strengths, weaknesses, opportunities, threats (SWOT) analysis.SM.9.3

  • 4

    Develop a repositioning plan or a rationale for maintaining the existing positioning plan for an existing product/service.SM.9.4

Examining Channel ManagementSM.10

  • 1

    (Optional) Explain the inventory handling process.SM.10.1

  • 2

    (Optional) Explain inventory control systems.SM.10.2

  • 3

    (Optional) Compare common shipping and storing methods.SM.10.3

Pricing Products and ServicesSM.11

  • 1

    Identify the psychological effects of pricing.SM.11.1

  • 2

    Explain the effects of price on profitability.SM.11.2

  • 3

    Explain the concept of markup/markdown and how it relates to profit and loss.SM.11.3

  • 4

    Apply formulas for pricing to calculate markup and markdown.SM.11.4

  • 5

    Calculate breakeven point in units and dollars.SM.11.5

  • 6

    Calculate gross and net profit.SM.11.6

  • 7

    (Optional) Explain how pricing is determined in not-for-profit organizations.SM.11.7

  • 8

    Describe the roles of laws and ethics in pricing.SM.11.8

Applying the Promotional MixSM.12

  • 1

    Identify internal and external methods of promoting sales for a selected product/service.SM.12.1

  • 2

    (Optional) Identify communications channels to reinforce company image and support financial investment.SM.12.2

  • 3

    Develop a promotional plan or campaign for a business-to-business (B2B) or consumer product/service.SM.12.3

  • 4

    Explain strategies for developing media outreach and public relations.SM.12.4

  • 5

    Identify social media platforms that can be used to promote a business or product.SM.12.5

  • 6

    Create a plan for introducing social media promotion.SM.12.6

Purchasing Products and ServicesSM.13

  • 1

    Explain the role of a merchandising plan in purchasing products and services.SM.13.1

  • 2

    Explain the elements of a merchandising plan.SM.13.2

  • 3

    Compare the merchandising strategies of two businesses with similar products and different target markets.SM.13.3

  • 4

    Analyze forms used in purchasing.SM.13.4

Implementing Risk ManagementSM.14

  • 1

    Develop strategies for reducing shrinkage.SM.14.1

  • 2

    Explain the importance of protecting intellectual property.SM.14.2

  • 3

    Describe the legal aspects of marketing management.SM.14.3

Selling Products and ServicesSM.15

  • 1

    Use buying motives of businesses as the basis for sales presentations.SM.15.1

  • 2

    Create a planogram for an identified business.SM.15.2

  • 3

    Analyze methods used in developing long-term sales relationships.SM.15.3

  • 4

    Explain key factors in building and retaining a clientele.SM.15.4

  • 5

    (Optional) Explain the uses of a prospect list.SM.15.5

  • 6

    Analyze innovative customer service, using case studies.SM.15.6

Examining FinancingSM.16

  • 1

    (Optional) Identify legal considerations in extending credit.SM.16.1

  • 2

    (Optional) Identify the benefits and costs of extending credit.SM.16.2

  • 3

    Explain cost analysis.SM.16.3

Preparing for Business OperationsSM.17

  • 1

    Analyze the components of a business plan.SM.17.1

  • 3

    Analyze the components of a marketing plan.SM.17.3

  • 2

    Develop a business plan.SM.17.2

  • 4

    Develop a marketing plan for a selected product or service.SM.17.4

Developing a CareerSM.18

  • 1

    Research career trends and opportunities in marketing.SM.18.1

  • 2

    (Optional) Update a personal marketing plan.SM.18.2

  • 3

    (Optional) Prepare a career development plan.SM.18.3

  • 4

    Explore postsecondary training and educational opportunities.SM.18.4

  • 5

    Update an electronic résumé and portfolio.SM.18.5

  • 6

    Update a cover letter.SM.18.6

  • 7

    Participate in a mock interview.SM.18.7

  • 8

    (Optional) Describe the role of professional/trade organizations in career development.SM.18.8

  • 9

    (Optional) Demonstrate networking skills for professional development.SM.19

Frequently asked questions

What grade levels do these standards cover?
PROFESSIONALEDUCATION-DEVELOPMENT
Where can I read the official document?
Virtual Virginia Standards

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