This report presents a 12-month marketing campaign plan for Aldi, focusing on improving market share, brand identity, and customer satisfaction. The plan includes a marketing audit, marketing objectives, marketing mix plan, and ways to improve customer service.
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12 months Marketing Campaign Plan for Aldi
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Table of Contents INTRODUCTION...........................................................................................................................3 TASK..............................................................................................................................................3 Marketing audit of ALDI company.............................................................................................3 Marketing objectives...................................................................................................................6 Marketing Mix plan....................................................................................................................8 Ways to improve the level of customer service........................................................................10 CONCLUSION..............................................................................................................................11 REFERENCES..............................................................................................................................12
INTRODUCTION Marketing plan is considered as framing suitable strategies related to promotions of company's products and services in order to take competitive advantages in the target market. Corporateorganisationframeanddevelopsuitablepoliciesandstrategiesthatenables management to improve its sales turnover to by expanding product presence under target market (Obradović, Kostić and Mitrović, 2016). This report is based on the case study of ALDI company. Company initiated its business operations in the year 1946. Karl and Theo Albrecht are the two founders of Aldi company. Company owns its headquarter in Essen, Germany. Company owns its supermarket chain in more than 11000 locations across the globe. Henceforth, this report will emphasis over TWOS analysis on ALDI company. This report will also project three marketing objectives that can best suits the requirements of “Express Ourselves” marketing campaign run by ALDI company. Furthermore, this report will also project about the marketing mix plan that can best meet the requirements of objectives of the ALDI company. At the end this report will also project the suitable proposals fr ALDI company in order to improve the level of customer service for the company. TASK Marketing audit of ALDI company Marketing audit is about to reviewing the existing marketing plan executed by corporate organisation in order to expand the sales of company. Emphasis of the marketing plan is on identifying the suitable are of improvement in order to expand the company's existing market share. IN order to conduct the marketing audit TOWS analysis conducted. TOWS Analysis TOWS analysis is considered as a variant of SWOT analysis tool. TOWS analysis involve threat, opportunities, weakness and strengths of ALDI company to review about company's internal business environment. Threat:ALDI company is among the leading supermarket chain across the globe. Company operates its business operations in more than 11000 locations across the globe that has supported company throughout the journey (Chang, McAleer and Wong, 2018). Apart from witnessing such a huge success company management has also comprises witj certain threats that can be summarised in the following ways.
Competition in market:Retail sector is among the leading sector in UK which comprises with more than 90 billion pound that has£860 billionPound ((Lichtenthal, Tzempelikos and Tellefsen, 2018)).Due to such a huge market share retail sector has becomes such a high competitive market sector across the globe. Level of competition in market is a huge aspect involves in strategy formation of ALDI company. Competition not just comes from big retail corporates like Asda, Marks and Spencer and other big houses but it also comes from small retail outlets in international market. Retail sector has a unique implication as compare to other market sector as it is associated with product segments related to regular life styles and that also make the sector more competitive on regional market. ALDI company operate its business operations across the globe and company management needs to face market competition in both national and international market and also from both big and small corporate houses and retail stores. All the above aspects has provided huge threat for the company management in respect to loosing market share and existing customer base. Economic instability:Economic instability is a huge threat management of ALDI company face. Due to so many social issues like spreading nature of corona virus and other social issues that create instability in society. Economic instability put a negative impact over company's presence in market as it directly influence over prices related to all retail products. ALDI company operate its business operations across the globe so the company management needs to deal with economic stability of all the countries in which company owns its retail outlets. Unstable economy also leads to inflation that causes to rising product prices which also create threat of loosing market share by addressing low salesturnover.Inflationineconomydirectlyimpactoverpurchasingcapacityof company's target customers. Instability in economy at global level is among the huge threat company management face in order to operate business operations. Opportunities:ALDI company is a multinational retail organisation which provided various business development opportunities to the company that can be projected in the following ways. Business expansion opportunities:ALDI company management has a huge business development opportunities by expanding business in growing economies like Africa, Asia and in other untouched retail market. Expanding retail outlets in opening stores at
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such places will enable company management of ALDI company to improve the existing market share of company (Hua, 2019). Re-positioning of Brand:Company management can entertain growth by re-positioning company's brand image as an affordable retail brands. Re-positioning company's brand image will boost the sales of company in existing market as well as all the new market company management is planning to address. E-commerce:E-commerce is a huge business development opportunities corporate organisation witnessing in current business environment.ALDI company management already cater its services over internet with support of company's websites and other online tools. Company management can improve the brand presence over internet by channelising more marketing tools like social media advertisements, search engine optimisation and other strategical tools that will expand the sales potential of company in all its existing retail markets across the globe. Weakness:Company management has witnessed the following weaknesses as a part of its business operations. Low margins:Retail sector is such a vast business sector as the global sales turnover is£ 860 billion Pound (Siemieniako and Gębarowski, 2016). Apart from high sales turnover retail product carry low profit margins that negatively affect the profitability of retail stores irrespective of achieving huge sales. Low profit margins also impact over growth and development opportunities for retail companies like ALDI company. High employee turnover:Aldi company is witnessing high employee turnover that also reduces the work efficiency of company's employee's. High employee turnover indicates that the employee sustainability is a huge issue company is facing. Low quality control:ALDI company management focus less on quality management system. Quality control system improves the product quality due to ineffective quality control system many times the company's products do not match up with the expectations of target customer's I retail market (Sander, 2019). This also causes to huge customer compliance from company's products and services. Strength:ALDI company is among the leading super market channel across the globe that has provided the following strengths to company.
Low prices:ALDI supermarket chain is a part of discount stores that enables company management to cater retail products to target customer's of company in affordable prices. Offering products at less prices improves the brand presence in all the associated existing markets of company. Product Portfolio:Product portfolio of ALDI company is wide that also comprises with grocery, household and essentials. Company management effectively cater all the needs of target customers with its effective product portfolio (Chung and Low, 2017). Company offers leading brands like LiveGfree, Simple Nature, Fit and Active and other big brands that enables the company management to achieve highest level of customer satisfactions from its product range. Effective market penetration strategies:Marketing department of ALDI Company provide huge strengths to company management by utilising effective market penetration strategies across the glove. Company consist the retail outlets and supermarket in more than 11000 locations across the globe due to effective market penetration strategies used by company management. All the above TOWS analysis guided about the internal business environment of ALDI Company. Marketing objectives Management of ALDI company has initiated the marketing campaign call express ourselves in order to increase company's sales in retail sector. With the support of this campaign company management tried to cater the best products that can significantly meet up the requirements of company's target customers. Objectives that can best meet up the success of this campaign can be summarised in the following ways. Improves Market Share:Company management aimed to improve the existing market share in retail sector with the support of ' Express ourselves' marketing campaign. Improving the existing market share is among the primary objectives work behind running any marketing campaigns of corporate organisations (Keegan, Rowley and Tonge, 2017). The marketing campaign is about to improvethebrandpresenceofcompany'sproductsinexistingretailmarket.Company management of ALDI Company set the objective to improve company's market share in target market will be applicable for 12 months.
Improve brand identity:To improve the brand identity in target market is also a prime objectives behind the 'Express Ourselves' marketing campaign launched by ALDI company. Brand identity plays a crucial role in improving the marker percussiveness of company's products in target market. Brand identity is an outcome of company's services and product qualities. Marketing campaigns launch by corporate organisations is generally aims to improve the brand image in target market and also to create a unique brand image in target market that can enables company management to take competitive advantages in target market. Retail sector is highly competitive market share and to improve the brand presence in target market it is crucial to earn huge customer acceptance towards the supermarket chan and also to expand the loyal customer base (Baker and Saren, 2016). This campaign is all about using such products that can the best feet in the personality of an individual in retail market. Company management could improve the market share with the help of express ourselves marketing campaign. The objective behind the campaign to improve the brand identity company management set for the 12 months time. Improve customer satisfaction:Improving customer satisfaction is also a crucial objective work behind the express ourselves marketing campaign launched by ALDI company. Customer satisfaction play the key role in improving sales turnover of corporate organisation. Company management segregated target customers based on the characteristics and nature that can project about the needs and demands of target customer's and based on such social aspects company management projected the entire campaign. Company aimed this objective with the support of marketing campaign for the next 12 months time. All the objectives mentioned above played key role in getting the higher success out of the marketing campaign 'Express Ourselves'. All objectives behind the marketing campaign effectively improved company's sales in target market. Marketing Mix plan Marketing mix is defined as a set of tools or tactics used to promote company's products in target market. Marketing mix is comprises with specific factors that enables company management to improve the brand presence in target market by targetting specifically all crucial aspects of product success. Marketing mix comprises with elements such as product, price, place, promotion, people, process and physical evidence. All the above mentioned elements specifies in marketing mix potentially improves brand presence in target market. Company management of
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ALDIcompanyutilisethismarketingtoolinformingallstrategiesrelatedtobusiness development and growth. Product:All products offers by ALDI company is covered under this part of marketing mix. Company deals in product range of grocery, household and essentials. Product range of company is well diversified that enables company management to effectively cater all target customer's of company. Product is among the primary aspects of business as all objectives framed by company management in regard to operating business operations can be achieved only with the support of company's product range. Company management of ALDI company focuses on both product development and product up-gradation strategies (Samoggia, Bertazzoli and Ruggeri, 2019). Company management also frame strategical partnerships with multiple brands in target market segment in order to cater the best out of company's operations in target market. All products offer by company is available in every outlet and supermarket chain of company so that customers can have a wide range of product options to meet its needs and requirements. Price:Price is also a crucial aspect involve in marketing mix. Management of ALDI company follow the discounting strategies that has improved the product presence of ALDI company in target market. Company management cater all its products in affordable price range so that company can effectively cater all its potential customer base. BY providing the quality products in affordable price range company management try to achieve all business objectives of company. This marketing mix plan will enable company management to use the discounting strategy for the next 12 months so that company management can expand its existing customer base by attracting new customer's of retail sector. Place:Place is also an important marketing mix elements involve in framing all the strategies of the company. ALDI company has a retail outlets and supermarket chain in more than 11000 locations across the globe which enables company management to cater world wide retail customer base with its products and services. Company will launch its marketing campaign at all the business markets currently company is catering in order to achieve higher sales form company's operations (.Chitty, D'Alessandro and Gray, 2019). Company management also working on business expansion strategies in order to improve the number of business outlets and supermarket chains. Company will also target new retail market by promoting company's products in such market areas as well. Company management has framed a 12 months period in order to promote all its products at all places or retail market.
Promotion:Promotion is a crucial aspect involve in marketing mix plan. Company management will utilise various strategies such as social media marketing strategy, radio marketing, television marketing, internet marketing and other effective marketing strategies. Company management will promote all its products at different social media channels like Facebook, Instagram, YouTube and other effective social networks. Management of ALDI company has also framed strategies like search engine optimisation to promote its products (.Wang And et.al., 2019). Use of search engine optimisation techniques also improves the brand loyalty in front of company's target customers in the market. Company will also conduct ratting related to product quality and utility over internet to project the customer satisfaction over internet. All the above mentioned strategies and techniques will be utilised for promoting company's products for the next 12 months at least. People:People play a key role in process of forming any marketing strategies related to business development. People are denoted as all the potential customers of ALDI company in retail market. All marketing strategies are framed as per the potential customer base of company. Retail sector is a wide market sector comprises with all genders, religion and other social aspects that segregates customer's. Company will target all its potential customers comprises with existing as well as new potential customers of retail sector. Marketing strategies will target customers for next 12 months. Process:Company management of ALDI will follow all the effective process tom operate the marketing functions of company. Company will also follow the process related to taking customerfeedbacksinregard to effectivenessof marketingcampaign.Processof taking feedbacks in both the ways online and offline will guide the company management to make suitable changes on timely basis in order to improve the efficiency of marketing campaign. Company will continue the marketing process for next 12 months. Physical Evidence:Company management will also channelise the strategical tool such as physical evidence in conducting marketing mix. Physical evidence is an effective marketing strategy which enables the company management to take feedbacks from customers in regard to company's products and service quality. This is an effective way to improve the product qualities and service quality cater by company management. All the above strategical elements will be utilised for the next 12 months by company management of ALDI company.
Ways to improve the level of customer service Company management of ALDI company can use the following techniques to improve the quality of products and services in respect to improve the brand image of company. Taking Regular Feedbacks:Company management can utilise the strategies of taking regular feedbacks in regard to service quality and product quality. Taking feedbacks will guide the company management to assess the level of customer satisfaction from company's products and services. Taking feedbacks will also enable company management to make suitable development in order to improve the customer satisfaction by making significant changes based on the customer feedbacks. This is an effective strategy use by company management which will also support the ALDI company in taking competitive advantages in the target market. Marketing campaign call 'Express Ourselves' is all about improving customer experience from company's products and services and this strategical tool will also improve the effectiveness of the campaign. Advancement of IT system:Company management can improve the level of customer service by installing the latest information technology equipments (de Sabando and et.al., 2018). Latest IT software will ease the company management in respect to catering efficient customer services. This will also support the company management in respect to dealing all issues of customers in reasonable time frame. Proper communication:Communication play key role in catering effective customer services. INordertoexpandthereachofmarketingstrategiesitiscrucialtoutiliseeffective communication channels that can potentially convey all the relative aim behind the marketing startegies and campaign. With the support of communication channels company management f ALDI company can effectively convey all the objectives work behind the express yourself marketing campaign. Proper communication will also support the management to address all issues of customers. All the above strategies can be utilised by company management in order to expand the efficient of the marketing campaign call 'Express Yourself'. CONCLUSION This report has concluded the threats like economic instability and market competition in retail sector work behind the business operations of the company. Apart from such a huge brand ALDI company needs to face such threats related to business environment. Opportunities like
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business expansion, repositioning and e-commerce that will improve the growth potential of ALDI company. With the support of all the potential opportunities company management will be able to cater the services more efficiently. This report has also projected weaknesses of ALDI company like low margins, high employee turnover and low quality control. Strengths like low prices, product portfolio and effective market penetration strategies has also projected that has supported company management to expand the existing market share in retail sector. This report has also concluded about suitable marketing objectives like brand value, customer loyalty in order to improve the effectiveness of express ourselves marketing campaign. Marketing mix plan has also projected to explore the competitive advantages for the ALDI company. This report also concluded the ways that can support the improvement of customer service for the company.
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