ANALYSIS OF THE CUSTOMER-CENTRIC MARKETING IN ATTAINING COMPETITIVE ADVANTAGE THE FIRM Page 1 of 22
Abstract The approach of customer centric marketing strategy is one of the effective strategies followed by Unilever, another organization that solely focuses on prioritizing the needs and interest of customers related to promoting and selling products and services. A successful customer service strategy is beneficial for having a deep understanding of the customer requirements and behavior and also helps an organization in effectively approaching the customer journey. The context of the study deals with an elaborated explanation of the customer centric market strategy of Unilever. The study corresponds with elaborated introduction and literature review followed by methodology, analysis, discussion of the findings, conclusion and recommendation. At the end of the study a reflective analysis has also been added for identifying the perception and concept of the researcher. The data analysis section has been analyzed through a mixed approach of research and within this approach interview and survey method have been provided for constructing quantitative as well as qualitative data analysis with relevant data from the management workers of Unilever in the United Kingdom. The customer centric approach or strategy helps the organization to cater more customers because this approach helps the organization to manufacture the customer-oriented products in the market. Appropriate summarization, conclusion and recommendation with effective suggestions for the organization for making a better strategic approach towards development of organization and business performance has been provided in the research study. Page 2 of 22
Acknowledgement I would like to express my gratitude and thanks to my parents and my professor who have provided me this opportunity to make this project. I would also like to thank them for their email support and guidance that has helped me to complete this project effectively. I would also like to elaborate my gratitude and thanks towards my principal as well as my research team for supporting and guiding me and generating me the opportunity for gathering an effective future father and direction. Page 3 of 22
TABLE OF CONTENTS Chapter 3: Methods..........................................................................................................................5 3.0 Research Onion......................................................................................................................5 3.1 Research Philosophy..............................................................................................................6 3.2 Research approach.................................................................................................................6 3.3 Research Design.....................................................................................................................6 3.4 Data collection and analysis...................................................................................................7 3.5 Research Strategy...................................................................................................................7 3.6 Sampling technique................................................................................................................7 3.7 Ethical consideration..............................................................................................................8 3.8 Limitation...............................................................................................................................8 Data analysis....................................................................................................................................8 Qualitative analysis......................................................................................................................8 Quantitative analysis....................................................................................................................9 Discussion......................................................................................................................................14 Conclusion recommendation.........................................................................................................16 Reflective account.........................................................................................................................18 Reference.......................................................................................................................................20 Appendices....................................................................................................................................21 Page 4 of 22
Chapter 3: Methods 3.0 Research Onion The model of research onion helps to understand the method of creating a dissertation in a systematic way. The model was developed by Sauders, Thornhill, and Lewis. The model helps the researcher to better understand the methodology of conducting a study. A research onion has six layers (Saunders et al., 2017). The outer layer is a research philosophy that sets the principle of research. The second layer is the appropriate approach of methodology selected by researchers in this case to get proper idea of customer-centric marketing. The third layer is selection of justifiable research strategies to complete the research. The fourth layer explains the appropriate method of choice and the fifth layer explains the timeframe to complete the research. The final and most important layer is the method of data collection and analysis that define the success of the study. Figure 1: Research Onion (Source: Saunders et al., 2007) Page 5 of 22
3.1 Research Philosophy Research philosophy is an important part of research methodology; it helps to understand the view of researchers about the topic. There are mainly two types of research philosophy one is positivism and another one is interpretivism. In the research the researcher followed positivism research philosophy to complete the whole study. The positivism research philosophy is scientific based on observable social studies. It depends on data collection and development of hypothesize. It also follows highly structured methodology and statistical analysis. In the study, positivism philosophy will help to collect data that are realistic in terms of customer centric marketing and present them in statistical analysis to develop understanding of the impact of competitive advantage. 3.2 Research approach Research approach is a step-by-step plan and procedure to complete a systematic research methodology. There are mainly two types of research approach available such as deductive and inductive. In the research study the researcher will follow the deductive research method that will help the research to achieve the target of the study (Alase, 2017). Researchers start with social theory and then Strat compelling it with the collected data. The approach helps a researcher to conduct scientific investigation of the whole process. Researchers first test the existing studies then analyze them and after that support hypotheses based on the studies. In this case the selection of deductive approaches helps to develop understanding about the impact of customer-centric marketing by analyzing the existing theories and making effective outcomes of a firm's competitive advantage. 3.3 Research Design The design of a research is the framework and technique of a research that is selected by the researcher in the method of conducting study. There are mainly four types of research design available such as; exploratory, descriptive, explanatory, and evaluation. In this study the researcher will follow the descriptive research design. The descriptive research design helps to conduct in-depth research and answer WH questions that will help to solve the research questions. It helps to describe the present status of the customer-centric market position from the Page 6 of 22
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