Individual Market Report and Proposed Integrated Marketing Campaign for Desklib
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This report analyzes the market sector, brand within the sector, and proposes an integrated marketing campaign for Desklib, an online library for study material. It includes key external influences, marketing trends, segmentation, targeting, positioning, and competitors.
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Individual Market Report and Proposed Integrated Marketing Campaign
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Contents EXECUTIVE SUMMARY.............................................................................................................3 INTRODUCTION...........................................................................................................................4 TASK...............................................................................................................................................5 The market sector............................................................................................................................5 The Brand Within the Sector...........................................................................................................8 4 Integrated Marketing campaign..................................................................................................12 CONCLUSION..............................................................................................................................16 REFERENCES..............................................................................................................................17
EXECUTIVE SUMMARY Integrated marketing is known as the strategy which helps in delivering the holistic message for the better functioning of the marketing channels which is used by the business. This marketing also reduces the risk as using this kind of marketing has various benefits as this helps in reducing the cost and also gives value to there customers and this also gives an better customer experience to there customers. As for the better and effective segmenting the market for the marketing campaign as this plays a vital role and this can be done by using various approaches and strategies and this also helps in attaining the organisation aim and goal of the business as this also helps in promoting the business through various marketing techniques and strategies. This report is basically about the brand name Hugo Boss as this helps in operating all products related to clothing of women and mans wear. This report also involves the analysis of marketing and this also involves there marketing trends and the factors related to the external influence and this also involves the third USP competitors. This report also involves the research of the secondary data and this also highlights various kind of problems which is related to the strategy and approaches which is used in marketing for the better engagement and this also overcomes the issues relates to the strategies. The limitation of this research can be related to the cost and the expenses which is related to research in order to use various sources and this can be either company website, library, Google and various internet sources. As these methods also helps in reducing the cost and allows better functioning of the business and this also there are various sources by which data can allocate in an effective form. This report also involves the organisation key performance indicator in financial basis and this report also involves STP and the competitors of the business. This also involve the pricing, product and place of the business. This also includes the analysation of SWOT In the report. This also has the analysation of marketing tools which involves direct, content, digital and affiliate marketing. This also involves promotional activities and the marketing plan related to the same. These topics are explained in the report.
INTRODUCTION Marketing is known as the management process as this helps in anticipating, identifying and this also helps in satisfying the requirements and needs of customers in an effective manner as this is important to be managed in the business as this can help in making the business operations easier than before. This report is about Hugo Boss as this was founded in 1924 and its headquarter is located in Metzingen. This organisation basically sells the products like fragrances, clothing, footwear and accessories. This report involves the marketing sector of the business and this also involves brand with the sector and this also involves the integrated marketing campaign. The analysation of this report is described below.
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TASK The market sector Market sector is known as the part of economy and this is wider than industry and by the merging of two industries can for an market sector as the stock market and all the similar related things are divided in marketing sectors and this also has distinguished in various types and that government, utility and corporate(Mikkonen 2019). As there are basically four sectors in the market sectors and this involves primary sector, secondary sector, tertiary sector and quaternary sectors. As Hugo Boss comes under premium segment of the market sector as this is an well- known and organisation with high goodwill and this organisation also uses the differentiated strategy which helps in better positioning of the business and this also helps in segmenting various parts of the business. This business also has an royalty income as with the licenced and the market share has increased of this business by the making the collection of the organisation effective and this involves basic step as technical product development, pattern design and this also involves designing of product. This is known as the fastest growing industry and this organisation is also making strategies in order to entre in India in order to lead the economy of the business. Current market analysis Hugo Boss has the high market share and growth in the industry and this helps in leading with the other competitive organisation and for balancing the current marketing analysis as this business is mainly focussing on retaining the pricing of the products. This company is using various strategies in order to maintain and change the pricing of the product which can increase their level of profitability and producibility in the business. This business is using various probing and advertising activities which is helping the organisation for expanding the customer base of the business(Alassi Ellabban and Bañales 2018 October). They basically do the testimonial bases and this marketing is done for attracting the customers and influencing them for buying the products and services of the business and in this also the premium and loyal customers about the clothing, fragrances, footwear and accessories. As this organisation also has a huge competition in the market which is resolving and sustaining by using various approaches and methods of the business. The main competition of this business is Burberry, Capri and Ralph Lauren. As due to
the high competition in the market is reducing the profit of the business and this is also creating an medium group of the income. Key external influence PESTLE Political factors These are the factors which can impact by the political regulations which is imposed by the government as there are various practices that can impact on Hugo Boss as due to the change in the regulation of the country market entry organisation can also manages in the local market. As the government policies by UK is improving investment method of the sector and this also impacts in the changing policies of the business and this also helps in attaining the goals of the business. Legal factors Legal factors can also impact the business as this impacts in the limiting spending of the customers for any product or services as by not getting income friendly effects there sentiments and this can also effect the behaviour and choices of the customers. By the increasing rate of the inflation can impact in the economy and the pricing of products of the Hugo Boss(Mushinada 2020.). Social factors These are the factors which can be impacted due to the demographic changes in the society and by the changes in the choice of trend in the industry as this can impact in the business activities and there operations. As for this company each gender role is attracted toward the products of this company and ready to pay a huge amount for there satisfaction. As this company also creates the products which helps in enhancing the customer base in the industry and customers are also showing the leisure interest on there products. Technological factors These are the latest technological advancement which makes the huge difference in the business and this also sparest the organisation from the customer base and also gives an competitive advantage to them. As Hugo Boss has empowered all the supply chain and the suppliers of the business and this also helps in better promotion and expansion of the business in an effective
manner. As for the development and research of the change in the business has spending their organisational resources for the better and developed solution(Susman 2020). Environmental factors These are the factors which can impact positively and negatively to the business and the environment as this organisation follows all the environmental measures which can helps in being an sustainable organisation with the high goodwill power In the industry as they also follows the environmental and security standards which gives benefits to the business. This organisation also reduces the carbon footprints in the business and also secures the organisation from the waste management of the business and this also helps In making it an environmental friendly organisation. Legal factors These are the factors that can impact the business in their legal terms as this can also benefits the business In attaining the aims and objectives of the business. This organisation follows all the safety and health norms in an effective manner to meet that norm and to attain the organisational aim effectively. As there are various business laws which is important to be followed by expanding the business globally as each country has their own terms and conditions regarding the rules and regulations of trade(Roth and Shorrer 2021). Marketing trends As marketing trend is the important part to be considered in the fashion industry as with the following of the trends the changes is made in the organisation and there marketing strategies as this also helps in analysing the changing needs and requirements of the business. As because of the changing trend the competition Is increasing in the market and this is also affecting the business and this can be analysed by various forms which is presented in the industry as this can be analyse by the surveys and research are the professional methods to analyse all the changing trends in the industry and this also involves various ways of attracting the fashion of the business and this can also be done by collaboratingthe business in the form of live streaming, customization, innovation, social media give way and this visual commerce. This factor is analysed in Hugo Boss for increasing the customer base and for also expanding the market share of the business in an effective manner(Kumari Chandra and Pattanayak 2019).
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The Brand Within the Sector 3.1 Hugo Boss is the organisation which is styled as the Boss and this is known as the luxury fashion house which is styles as a German and this is founded in 1924 and its headquarter is located in Germany. This company has the products like fragrances, clothing, footwear and accessories. This organisation is known as the largest clothing company of clothing. As after the world war Hugo Boss has started making the men’s suits and this also went public and later it also introduced the fragrance line of product at the same year and after this slowly they has also added the women’s and the diffusion and the full collection and this is also evolved for the global fashion house(Saifand Khadem2020September). This company was also operated with two partners. The mission statement of the organisation is to increase the desirability of the products and the brands which is in the retailing industry and also in the outlets and the store of theorganisation.Thisorganisationvaluesis“quality,passion,innovation,respectand cooperation”. As this is the way for providing the best products to their clients or customers for increasing the customer base and sustaining in the business. This company has the products which are sportswear, shirts, raincoats, jackets and working clothes. 3.2 Unique selling proposition As Hugo Boss is an luxury company of Germany and this is an fashion brand and this is with the products of shoes, clothes and the perfumes. 3.3 As this organisation has the main aim of sustainability and this helps in increasing the value of customers and the organisation as in the internal management system as this describes and focus on the business operations and functions and this also manages the investment and the cash flow of the business and this balances it on the long term basis. As there are basically four key performance indicator which is used by Hugo Boss analyse and evaluate the performance of the business operations and these are sales, Trade net working capital, EBIT and capital expenditure. As with the increasing sales of the business can operate the income and this also manages the income and expenses of the business in an effective manner(Madaanand Shrivastava2020.). As
this organisation mainly focuses on the implementation of the various strategies and this also explores the growth opportunity of the business and this also increases the flexibility of the business for managing the business operations. This also maintains the sustainability of the business and this also gives high productivity and profitability level of business. This also increases the sales growth of the business and this mainly focuses on profit and loss statement of business and this is also an performance indicator of the business and this also helps in the business operation of the business and this also grows the organisational structure. As the management and the inventories are the main part of the business and important to be considered and this also manages the trade payables and this is an profitable growth of the business and in this compensation is also the management of the business and this also focusses on innovation and this is also help in modernising. 3.4 Segmentation As the business industry is segmented in various category as this involves macro segmenting, price based segmenting, luxury segmenting etc. As this organisation also involves the product end users for the segmentation and as Hugo Boss has segmented it to the high class society and the individual who goes with the trend. This can also be done in the form of pricing as this involves the customers willingness to pay for there organisational product and they also has to move with the trend(Shiva Nandhini Bari and Pradip 2020). Targeting Hugo Boss targets the customers who has high income profile and there are also fashion conscious and they are also considered about there styling methods and this is considered as the important element as this also expresses there personality effectively as they has targeted there market at per the demographics and the surveys regarding the same as this also helps them in focusing of the trends changing of the targeted market in an effective form. Positioning As brand positioning is an main element of the brand strategy as this usually describes and places the product and the price according to the segmentation and the targeting of the market share and Hugo Boss usually positions there product according to the strategies and segmentation of the
business in an effective manner for the better results and this also helps in the better functioning of the business operations(Jiang Zhao and Pan 2022). 3.5 Key competitors As per the changing and evaluating trend in the business there are many competitors in the industry and they has the huge goodwill and market share in the business so therefore it is important for the business to remain sustainable by using effective strategies and approaches as this can give an competitive advantage to the business and also gives benefit for the better growth and expansion of the business. The analysed business competitors are Chanel, Burberry, Prada, Louis Vuitton, Versace, Gucci, Zara, Christian Dior. 3.6 Product As Hugo Boss has the premium quality and expensive products and they are also luxury and considered as luxury brand. As has various categories in the business and this involves clothes which has the collection of women and men. They also has the variety of fragrances and this is an premium quality of perfumes and with an wide range and stylish bottles. There products also involves various accessories and this has the customised belts, wallets, shoes and belts(Gowen 2019). Price As the pricing strategy of Hugo Boss is designed according to the premium customers and they uses various strategies for serving the segment of the customer base as this organisation product’s desirability is also important and they sets the value which there premium and luxury customers are desired to pay for their living and this brand do not compromise on there pricng and also runs sales and discounts in the industry. 3.7 Place As this is the highly known as highly expanded market base and customer base in the market and they also has the high goodwill and reputation in the market. Hugo Boss sells there products in
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the prime locations and at the global level as they only targets the high class and high income society of the industry. They are serving more than an count of 100 countries at global level and they are mainly targeting the location of Mega mall and the high class boutiques(RossoNasir and Farhadloo 2020.). 3.8 Search engine result page 3.9 SWOT Strength
Hugo Boss has various strengths as they has the diverse portfolio of product as they has the unique look and this also has high reputation and the goodwill of the organisation and they also has the wide network of distribution as they are selling in more than 100 countries. The also has the strength and has clear differentiation of products in the market. The business also has the brand loyalty and mainly targets the high-income customer base. Weakness Hugo Boss has a high pricing and this is the weakness of this business as this limit there market and not everyone can afford there products easily. They are also over dependent on there designers on making of the new designs and the designer department and they also gives the high cost on the advertising and sometimes there ads also do not make any sense(Naraine, Pegoraro, and Wear, 2021). Opportunities As this organisation has many opportunities in the industry as they can influence and can also change there customer preference by increasing the demand of the products. As they can also grow and expand in a unique way which can attract the customers and also helps in expanding the business effectively and this can also increase the demand of the customers. Threats As they has the threat in counterfeiting as there are various cheap store who sells the copy of the products for fulfilling the requirements of the customers. As there is the high competition in the industry and this also impacts in the competitionadvantage of the business and these rivalry involves Versace and Christian Dior. 4 Integrated Marketing campaign Hugo Boss has introduced an marketing campaign for there brand awareness for there producsts and services by multichannel and this can be sone by mobile media campaign(Lo, and Fang, 2018). As this campaign is created for the better promotional techniques and this can also benefit in various marketing strategies and this is mainly targeted for being unconventional and independent for the better mobile marketing and this can also create partnership with the organisation Starcom as this has benefited this organisation for the better growth and expansion and this also helps in building better engagement and this can also build communication and relationship with other organisations. As there marketing strategy is required to be most effective
and according to there targeted market as this can helps them for gaining an competitive advantage and this can also helps in increasing the level of profit in the business. This can also be stated by an launch of mobile application and this can be easier for the customers for connecting effectively. This also helps in raising awareness for every launch product and this can also create personalities and mind setup of new product line or there services. This can also be an global campaign for targeting the huge market base for the better productivity of business and this can also be done by various promotional activities and advertisement and this can also involve the posters for promoting at global level. As this campaign will mainly target the high class society and customers for the better results and this can also done in an innovative manner for raising the awareness of the bran d effectively. This market campaign can also benefit the organisation and can also give sustainability to them and can also impact in there promotional activities In many ways and this also involve various marketing strategies that is described below. 4.1 Content marketing As content marketing is known as the strategic approach of marketing and this can also helps and focus on distributing and creating consistent content, valuable and relevant content as this can also helps in attracting and retaining there defined audience and this also gives and customer side advantage and profit and this also helps in increasing there customer base effectively. There are mainly four reasons which can be used for enhancing the content marketing and that is this helps in increasing the sales of the business and this can also helps in reducing the cost of business. This can create more loyal and potential customers of Hugo Boss and this also considered as an profit centric approach for the marketing campaign(Xu, and Zhou, 2020). In this the marketing can be done through promotional video of the product and this can also be done by Tv ads as this can helps in better promotional activities and this can also be done by online sources. 4.2 Digital marketing Digital marketing is known as the online marketing and this is the main source of connecting with there targeted markets and this can also benefit in connecting and collaborating with different brand for fulfilling the requirement of marketing campaign. This can be done by the digital communication and other mediums of communication which can result helpful in
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connecting with internet. As this marketing campaign is required to build the connection online for the betterresultsof the strategiesasthiscan done inthe formof advertisingand communicating as content writing is also one of its forms. This can be done by mobile marketing and this can also be done by creating a page on social media as this can help in better engagement with the customer base of Hugo Boss. 4.3 Direct marketing Asdirectmarketingisknownasthemarketingmethodandthisreliesonthedirect communication and this also helps in the distribution of the individual consumers and this do not uses the any third party like social media and any other campaigns as this basically eliminates middleman and this can be used as the advertising media. Call to action is known as the main part of direct marketing and this is also useful to the better direct response to the marketing campaign of advertising. As there are various strategies which is used in customer relationship management for making it effective as this can be done choosing the best medium of interaction as this is the way of providing the better information to the customers about the products and any newproductlinerelated.Asthisalsoinvolvestrainingofemployeesforfulfillingthe requirement of customers in an effective manner. As this is important in an marketing campaign to make the voice of the brand and this also involves connecting through mail and visualising with customers(Heydari, and Mosanna, 2018). 4.4 Affiliate marketing This is the way of promotion other organisation product and this is done in return of the commission on the generating sales as this in there kind of marketing the commission of sales is fixed. This is used by Hugo Boss for reducing there marketing cost and this is also easy to scale. As this organisation is connected with the bloggers and they build there content and promote them for the better utilisation of resources and in an effective manner. This can also be done by collaborating the brand with outreaching people which attracts the customer most about the products and this can also be done by creating a website for knowing about the organisational products. 4.5 PR activities
Public relation activities are known as the communication life cycle and this is also done to identify and helps in building relationship and this also helps in influencing the conversion and this also make the competitors and uses social media for the better broadcasting it and this can be done by external commination and internal communication as this can also be build by media relations. This also involves the paid advertising and promotional activities through launching an event for the better results and this also involve by celebrity influencers. 4.6 Marketing plan As marketing plan involves all the factors which involves the scheduling of the various marketing activities but in an appropriate timeline and structure with proper dates as this also involves the planning of various strategies and financial plannings which is related to the marketing campaign of mobile marketing as this can be done by using effective measures like with connecting with various communicative strategies and this can be more effective by doing effective planning and procedures for the better results and this can also helps in attaining organisational goals and objective(Algie, and Mead, 2019).
CONCLUSION Thisreporthasconcludedthatmarketingbasicallyisknownaspersuading,sellingand influencing all the business activity in an effective manner as this is the way of influencing and promoting the organisational products and services In front of customers. Marketing also helps in the distribution and the production decision making process. This is the process which can helps in building the customer base of the business and this can also build there engagement as this can result beneficial for the organisational success.
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