This presentation provides an introduction to marketing analysis, an overview of Pret a Manger, a discussion on STP (Segmentation, Targeting, and Positioning), and an explanation of the marketing mix. It concludes with recommendations for establishing a strong brand image in the marketplace.
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Introduction to Marketing Insights
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Table of Contents •Introduction •Overview of Pret a Manger •STP discussion •The marketing mix •Conclusion and Recommendation •References
Introduction •Marketinganalysisisthestudyof quantitative and qualitative aspect of market. •It helps in measuring the size and volume of the target market(Bello- Orgaz and et. al., 2020). •It also analyse the various customer segment, marketing patterns and the competitors that may affect the market at different levels.
Company Overview •PretaMangerisaninternational sandwich shop bases in United Kingdom. •The head quarter of this company is in London, England. •Itiscurrentlyoperating450shopsin different countries(Yu,Ramanathan and Nath, 2017).
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Mission & Vision Statement Mission The mission statement of the company is to focus on natural method to be used in the preparation of sandwiches and it will be prepared on the same day of the purchase (Shen, And et. al., 2020). Vision •The vision statement of Pert a Manger is to sell the handmade natural food that can reduce the use of incomprehensible chemical and preservatives.
STP discussion •It is the strategic approach in modern marketing which set the segment in the large market and then target the customer in the large marketplace and lastly position their brand in the competitive world. •This is the popular marketing model which is sued by the every organisation to set the position in the market. •This model is useful when it comes to making the marketing plan for the business that how It will reach to the desired position (HubSpot, 2020).
Segmentation Itreferstodividingthemarketonthebasisoftheirgeographicalarea, Demographics etc., that will help in making right choice of customer in the large marketplace(Duque, 2016). •Geographic segmentation - •Demographic segmentation •Behavioural segmentation •Psycho-graphic segmentation
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Targeting It is the process of choosing the certain group of people for whom the product is being made and they will help in generating the high revenue in their business (Lacka, Chan and Wang, 2020). •Reachability •Profitability •Size
Positioning It is final stage which is concern with the positioning of their brand in the competitive market. When the firm is having large number of competitors then firm have to study the market analyse their need and the meet the competitive advantage in the market(Pondel and Korczak, 2017). •Experiential positioning •Functional positioning •Symbolic positioning
Marketing Mix It is the framework of analysing the various aspect of the business that includes the following which is sue in the manufacturing the good and services. (The Economic Times, 2020). . •Product •Place •Price •Promotion •Physical evidence •People •Process
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Conclusion and Recommendations It is concluded from the above PPT that marketing analysis is important for establish a good brand image in the marketplace. Organisation have perform a marketing mix for evaluating the need and ant of the potential customer so that company can put right product at right place with the appropriate pricing strategies. It also use the STP model that help in identifying the segmentation for their business and then target the right customer and lastly build good position in the market.
References Books and Journals Bello-Orgaz, G., Mesas, R.M., Zarco, C., Rodriguez, V., Cordón, O. and Camacho, D., 2020. Marketing analysis of wineries using social collective behavior from users’ temporal activity on Twitter.Information Processing & Management,57(5), p.102220. Lacka,E.,Chan,H.K.andWang,X.,2020.TechnologicaladvancementsandB2B internationaltrade:Abibliometricanalysisandreviewofindustrialmarketing research.Industrial Marketing Management,88, pp.1-11. Pondel, M. and Korczak, J., 2017, September. A view on the methodology of analysis and exploration of marketing data. In2017 Federated Conference on Computer Science and Information Systems (FedCSIS)(pp. 1135-1143). IEEE. Online The Economic Times, 2020 [Online]Available through< https://economictimes.indiatimes.com/definition/marketing-mix> HubSpot, 2020 [Online] Available Through < https://blog.hubspot.com/marketing/segmentation-targeting-positioning>