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RUNNING HEAD: MARKETING0 DIGITAL MARKETING
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MARKETING1 Table of Contents Introduction......................................................................................................................................2 Research Question...........................................................................................................................2 Hypothesis.......................................................................................................................................3 Null Hypothesis...........................................................................................................................3 Alternative Hypothesis................................................................................................................3 Literature Review............................................................................................................................3 Methods...........................................................................................................................................7 Research design and philosophy..................................................................................................7 Research approach and strategy...................................................................................................7 Data collection and analysis........................................................................................................7 Findings...........................................................................................................................................8 Discussion........................................................................................................................................9 References......................................................................................................................................10
MARKETING2 Introduction Digital marketing is the marketing of products or services using digital technologies on the Internet, through mobile phone Apps, display advertising, and any other digital mediums (Allagui & Breslow, 2016).Therefore, in the preset era there are various social marketing trends which support the organization to attract large number of customers by providing complete knowledge and information about the product and services. In this report, “New trends in social media and digital marketing in Australia” is selected. It is because the estimation descries that 90% of the organization adopt the does the marketing of products and services by using social media. The digital market allows the companies to earn more profits and sales as well as to encourage more customers to buy the products and services(Jackson & Ahuja, 2016).In Australia it is become the strategy to take competitive advantage and to expand their business in the international market. The Australian organization revealed that digital marketing and new trends in social media is used because more users in Australia remain active on social media (Janakova, 2018). In the present research report research question that is objective of the research, hypothesis, literature review are discussed.The report also explains methods which are used in conducting the research. Research Question This describes the question which answered by adopting methodologies and using data collection method and qualitative as well as quantitative approach. It is the important concept because it revealed the objective and aim of conducting the research. In the present report, research will be conducted on the following questions:- How new trends in social media and digital marketing is adopted in Australia? What are the new trends of social media as well as digital marketing technologies used by organization in Australia? What is the impact of new trends in social media and digital marketing on organizational efficiency in Australia?
MARKETING3 This topic is selected because it is the current business strategy for expanding and diversifying the product as well as services in Australia. These questions will reveal complete information about the subject matter. The research will be important it is due to the reason that this will provide idea and guideline to the Australian organization which are not earning sufficient profits to develop the appropriate policies and strategy to gain competitive advantage. The organization of Australia operates their functions in highly competitive environment which become difficult for the business to compete through adopting similar marketing strategies. Hypothesis It is considered the proposed evaluation which is not made through getting full evidence; it is the beginning point which helps the researchers to investigate further so that aim of performing the study will be accomplished(Koch, Gerber, & Klerk, 2018).This is based on the assumption which is investigated and analyzed to get accurate findings. Null Hypothesis There is no significant relationship in adopting “new trends in social media and digital marketing on productivity of Australian organization” Alternative Hypothesis There is significant association between the organizational efficiency and using various new features of social media as well as digital marketing for marketing the product or services. Literature Review Wamba, Akter, Kang, Bhattacharya, & Upal conducted the study to understand the social media marketing done by organization, therefore through analysis, researchers describes that social media marketing is adopted because of marketing the product and services by major social media platforms such as Facebook, LinkedIn, Twitter as well as Instagram(Wamba, Akter, Kang, Bhattacharya, & Upal, 2016)Itis because researchers describes that through this strategy organization connects with several audience as well as raise the sales and profits of the corporation. The study also finds that digital marketing is marketing the products and services by adopting digital technology(Shen, Kuo, Ly, & Thi, 2017). In Australia corporation use mobile
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MARKETING4 apps and does display advertising, therefore it is the system and approach in which organization transmit the value of the product to the consumers by using digital network. Allagui & Breslow conduct the study is understand the role and importance of digital marketing in the organization in Australia. The findings of the study revealed that digital marketing help in reducing the time and cost of organization(Allagui & Breslow, 2016). It is becauseit involves all the types and income group people and does advertising according to the needs and requirements of the consumers. Researchers describes that through investigation it is find that consumers in Australia revealed that it is social media which perceive us to purchase the particular goods and services. Guha, Harrigan, & Soutar also revealed that it make convenient for the consumers in Australia to buy the product and services through mobile technologies (Guha, Harrigan, & Soutar, 2018). The organization in Australia also does text messaging to communicate with the loyal consumersregarding the distinctive features of the product. There are various trends in social media which is used by the organization for promoting their products(Salo, 2017). It is because this helps in increasing the segmentation and targeting customers of the organization. The objective of the study is to understand the benefits Australia organization get through adapting advanced technologies for doing product promotion. Through the analysis, it is finds that digital marketing and social media features allow the Australian organization to target more customers and adapt the internal and external environment according to the change and preferences of the customers and dynamic environmen(Weeks, Ardèvol- Abreu, & Zúñiga, 2017)t. Wamba, Edwards, & Akter conduct the research to describe the technologies and new trends of social media used by the corporation in Australia(Wamba, Edwards, & Akter, 2019). From the analysis, it is finds that in Australia 70% of the growth is done through investing more amount in research and development and adopting new options and technologies for marketing the products. Koch, Gerber, & Klerk also find that in Australia organization use Chatbots and attract customers by solving their queries instantly and estimation describes that 80% of the organization use Chatbots for communicating through the customers as well as business(Koch, Gerber, & Klerk, 2018).
MARKETING5 The findings of the researchers describes that organization in Australia use personalized strategy to marketing the products(Jain & Yadav, 2017). It is because this helps the organization in Australia to establish the brand reputation and reduce the cost of the organization. This is done because organization earns more profits and revenue in the particular year. Therefore, the organization also does improvement in research and development to understand the requirements of the consumers in efficient manner. The various trends and digital marketing strategies is followed by Australian organization, therefore the present topic is to understand the trends and framework adopted by Australian organization for gaining competitive advantage(Gilani, Salimi, Jouyandeh, Tavasoli, & Wong, 2019). The primary method that is survey method is used to identify the opinions and preferences of the customers. From the analysis, itis demonstrate that organizations use live video strategy to provide the demos and complete information about the product to large number of audience. Therefore, the researchers also describe that organizations also use major social messaging application to encourage more customers such as WhatsApp, Wechat as well as Facebook messager. Li, Wei, Xiong, Feng, Ye, & Jiang also find that majority of the organization in Australia also use the strategy of social media stories. In Australia organization use Snapchat, Instagram stories features to increase the brand awareness and to get the opportunity to contact with young consumers(Li, Wei, Xiong, Feng, Ye, & Jiang, 2017). Researchers also demonstrate that through this organizationconstantly engage with their followers. The organization in Australia provides the facility to the consumers to make payments and to give complete knowledge about the product(Janakova, 2018).Researchers find that in Australia organization use social media for sharing the post in which corporation also use tagline to motivate the consumers to buy the products of the organization. Carrotte, Prichard, & Lim describe those trends in social media as well as digital marketing leads in influencing the Australian organization efficiency in positive manner (Carrotte, Prichard, & Lim, 2017). The findings of the study revealed thatthis strategy leads in increasing the growth options for the organization and provide the opportunity to earn more conversion rate it is because marketing through social marketing support the organization to create efficient channel of communication through consumers. Zailskaitė-Jakštė & Kuvykaitė
MARKETING6 also revealed that there is relationship among digital marketing and organizational effectiveness (Zailskaitė-Jakštė & Kuvykaitė, 2016). It is because tosolve various problems of the consumers as well as in Australia organization give better return on investment for the investment. Tam & Kim demonstrate that not much of the study is conducted to understand the association between the new features used for doing marketing through social marketing and outcomes of the organization in Australia(Tam & Kim, 2019). The objective of the study is to understand the social media and digital marketing on the overall objectivity of the corporation. The information gathering is done through adopting secondary method that is through reviewing the existing articles. The findings of thestudy revealed that there is direct relationship between both of them and give the facility to the organization in Australia to earn more revenues in the short run.Therefore, through this organization gets the capability and ability to operate their functions in competitive environment, it is because of dynamic environment and changes in the preferences and behavior of the customers(He, Tian, Chen, & Chong, 2016). The findings of the study reveal that organization in Australia use content marketing strategy for adopting the new trend in social media that is in this organization does the marketing by following the three steps(Rahman, Hassan, Hj, Osman, & Waheed, 2019).The steps include content curation in which organization defines specific and useful content which should be appropriate for the target audience. Therefore, further content is shared on social media. Researcher also revealed that organization also use monitoring strategy to evaluate and examine the results received through digital marketing and in this Australian organization also evaluated the comments of the audience. Ruge & Denison describe that majority of the organization use digital marketing for encouraging more customers and to increase loyalty among the consumers(Ruge & Denison, 2017). The results describes that researchers use e-mail marketing, design the websitesand make better relations with the customers through text messaging through the loyal customers. The organization in Australia also writes article and blog to attract more customers. The research also have various advantages that it provide complete information regarding the strategies Australian organization use to reach large number of customers and to increase the targeting and positioning. Therefore through positioning researchers estimated that it increase the brand loyalty
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MARKETING7 among the customers because of promoting the product and increasing the reputation of product in the eyes of the customers(Jackson & Ahuja, 2016). Methods Researchers used various methods to provide guidelines and to maintain efficiency in conducting the research(Wamba, Edwards, & Akter, 2019). These are the methodologies which help the researchers to use the appropriate philosophy and framework so that objective of conducting the research will be accomplished. Research design and philosophy It is the method which helps the researchers to select appropriate method for collecting and evaluating the information(Tam & Kim, 2019). In the present research “descriptive research design” is used because through thismost adequate method of gathering the information about new trends of social media and digital marketing is done by organization in Australia. For getting the additional information about the strategies used by the Australian organization to attract customers “interpretivism philosophy” is used in the research. This can also support in finding the comprehensive information to define the key themes of the subject matter. Research approach and strategy These are the framework and structure through which critical analysis of the subject matter is done by the researchers. In the present researchers “deductive approach” is used because this helps in findings the benefits Australian organization received through adopting the social media as well as digital marketing strategies. In this in-depth evaluation about the study is also done by identifying the supporting themes. The research will also use experimentation research design to evaluate the accuracy of the information so that aim of performing the study will be achieved. Data collection and analysis In the present research secondary method is used to collect the information, in this research literature review method is used to critically analyzing the author’s opinions and ideas about the digital marketing strategies adopted by corporation of Australia. Therefore, through these key themes such as social media, digital marketing and organizational productivity is also
MARKETING8 revealed. This is critically taken into concern because overall efficiency of the research is based on the data collection method. The data analysis of the research is done through qualitative approach that is in this critical review approach is used for investigating the information. Therefore, in this author findings and analysis is written so that accurate understanding about the application of new trends and features of social media as well as digital marketing is adopted by organization in Australia so that efficiency and productivity of the organization will be attained. Findings From the above articles reviewed it is demonstrate that social media marketing is the strategy and approach organization adopt to promoting the goods and services through Facebook and Instagram stories(Jain & Yadav, 2017).The digital marketing is also major framework which organization maintained by using mobile phones technology etc. The authors revealed that 90% of the organization used this to gain competitive advantage and to maintain the loyalty among the customers(Wamba, Edwards, & Akter, 2019). Therefore, in the recent years customers gets attracted because of encouraging through social media application and also through other segments.The authors also finds that this improve the functions of the organization. The organization in Australia adopts WhatsApp, Facebook messager and Wechat to communicate large number of audience and to understand the needs and demands of the target customers(Shen, Kuo, Ly, & Thi, 2017). The organization also usestories features to aware the customers about the new features of the products in Australia. This also supports the organization to maintain good relationship with the customers. Researchers revealed that there is direct association among the social media and digital marketing with the organizational efficiency(Salo, 2017).It is because this influence organization positively and allow the corporation to spread more information. In Australia, corporation also uses mobile technology to ask feedback from the customers and to provide information about the new offers(Ruge & Denison, 2017). The organization also provides more offers to their loyal customers and provides information through e-mail and text messaging.
MARKETING9 Discussion The above estimation revealed that social media application and text messaging is major policy which increases the revenue and profitability of the organization(Jain & Yadav, 2017). The organization in Australia gets various benefits advantages through using these new features and trends of social media for promoting their product such as attracting audience and increase the scope of the organization for target customers(Rahman, Hassan, Hj, Osman, & Waheed, 2019).The several methodologies are used to get the adequate information and to understand the different opinions and ideas of the researchers. Through the analysis, it is finds that study also has some limitations that it does not focus on the specific digital marketing technology. The study also get information through using secondary that is no primary method is used to identify the opinions of the organization and perception of customers towards adopting “new trends in the social media and digital marketing. Therefore the study also reveal future implications that is in future other researchers can conduct the study by focusing on particular digital marketing medium and by adopting primary method as well as by taking large sample size so that most of the respondents gets involve in the study. References
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MARKETING10 Allagui, I., & Breslow, H. (2016). Social media for public relations: Lessons from four effective cases.Public Relations Review, 42(1), 20-30. Carrotte, E. R., Prichard, I., & Lim, M. S. (2017). Fitspiration” on social media: A content analysis of gendered images.Journal of Internet research, 19(3), 95-100. Gilani, E., Salimi, D., Jouyandeh, M., Tavasoli, K., & Wong, W. (2019). A trend study on the impact of social media in decision making.International Journal of Data and Network Science, 3(3), 201-222. Guha, S., Harrigan, P., & Soutar, G. (2018). Linking social media to customer relationship management (CRM): A qualitative study on SMEs.Journal of Small Business & Entrepreneurship, 30(3), 193-214. He, W., Tian, X., Chen, Y., & Chong, D. (2016). Actionable social media competitive analytics for understanding customer experiences.Journal of Computer Information Systems, 56 (2), 154-155. Jackson, G., & Ahuja, V. (2016). Dawn of the digital age and the evolution of the marketing mix. Journal of Direct, Data and Digital Marketing Practice, 17(3), 170-186. Jain, E., & Yadav, A. (2017). Marketing and Technology: Role of Technology in Modern Marketing.IOSR Journal of Business and Management, 19(5), 49-53. Janakova, M. (2018). CRM & social networks.Academy of Strategic Management Journal, 17 (5), 1-15. Koch, T., Gerber, C., & Klerk, J. J. (2018). The impact of social media on recruitment: Are you LinkedIn?SA Journal of Human Resource Management, 16(1), 1-14. Li, Q., Wei, W., Xiong, N., Feng, D., Ye, X., & Jiang, Y. (2017). Social media research, human behavior, and sustainable society.Sustainability, 9(3), 384. Rahman, N. A., Hassan, M., Hj, S., Osman, M. N., & Waheed, M. (2019). Theoretical Issues in Social Media Research.Global Business & Management Research, 11(2).
MARKETING11 Ruge, C., & Denison, T. (2017). The use of digital image collections and social media amongst Australian organization.Information Research, 22(4). Salo, J. (2017). Social media research in the industrial marketing field: Review of literature and future research directions.Industrial Marketing Management, 66, 115-129. Shen, C.-w., Kuo, C.-J., Ly, M., & Thi, P. (2017). Analysis of social media influencers and trends on online and mobile learning.International Review of Research in Open and Distributed Learning, 18(1), 208-224. Tam, L., & Kim, J.-N. (2019). Social media analytics: how they support company public relations.Journal of Business Strategy, 40(1), 28-34. Wamba, S. F., Akter, S., Kang, H., Bhattacharya, M., & Upal, M. (2016). The primer of social media analytics.Journal of Organizational and End User Computing , 28(2), 1-12. Wamba, S., Edwards, A., & Akter, S. (2019). Social media adoption and use for improved emergencyservicesoperations:thecaseoftheNSWSES.AnnalsofOperations Research, 3(1), 225-245. Weeks, B. E., Ardèvol-Abreu, A., & Zúñiga, H. G. (2017). Online influence? Social media use, opinion leadership, and political persuasion.International Journal of Public Opinion Research, 29(2), 214-239. Zailskaitė-Jakštė, L., & Kuvykaitė, R. (2016). Conceptualizing the social media communication impact on consumer based brand equity.Trends Economics and Management, 10(25), 68-74.