Digital and Social Media Marketing: SWOT Analysis, Competitor Evaluation, Customer Groups, and Digital Objectives
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This document provides an analysis of digital and social media marketing strategies for AZIO, including a SWOT analysis, evaluation of competitors, identification of customer groups, and recommended digital objectives.
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DIGITAL AND SOCIAL MEDIA INTRODUCTION...........................................................................................................................3 PART 1............................................................................................................................................3 SWOT analysis of AZIO.............................................................................................................3 Evaluation of two competitors using social media......................................................................4 Identification of two key customer groups and development of personas..................................6 Customer journey flowchart or graphic.......................................................................................6 PART 2............................................................................................................................................7 TOWS matrix...............................................................................................................................7 TWO digital SMART objectives.................................................................................................9 Recommended digital marketing strategy based on the audit and TOWS..................................9 PART 3..........................................................................................................................................10 KPI bench marketing.................................................................................................................10 CONCLUSION..............................................................................................................................11 REFRENCES.................................................................................................................................12
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INTRODUCTION Social media marketing is that form of marketing in which platform of social media is used in order to promote and run an organization. This also helps in creating awareness about the products of an organization. Digital marketing is that kind of marketing in which promoting and attracting of a customer is done through all types of digital platforms available to an organization both internet and non-internet based marketing is used. This file is going to be based upon AZIO which is a keyboard manufacturing organization in UK. This assignment is divided into three parts in first part SWOT analysis is going to be there with competitor’s advantage and disadvantage. Second part is going to cover TWOS and technological plan to be implied in marketing technique. In the end third part is going to cover KPI bench marking technique in which resources, staffing and budget. PART 1 SWOT analysis of AZIO SWOT analysis is that kind of analysis that helps in marking out strength, weaknesses, opportunities and threat that can be harmful to an organization. SWOT is going to be done over AZIO as follows: STRENGTHWEAKNESSES As AZIO is new to market and has to focus upon social media usage in order to make its product popular and also this is going to make the customers attracted towards the product sold by it. Social media is going to create brand awareness that is going to lead over increasing sales of electronic keyboard andisalsogoingtomakethe AZIObeinganewcompanyinthe marketandhastofacetough competitors to establish itself. If it is not able to use social media in proper manner then it is going loos its hold in the market. Social media is being weaken within an organizationlikeAZIOisgoingto result into impacting online sales of the
organizationgainpopularityinthe market (Brown, 2016). product and the organization has to face huge loss due to it. OPPURTUNITYTHREAT ď‚·Social media is going to provide an platformtopromoteitsproductand having unique product is going to bring revolution in market that is going to promote positivity in growth and is also goingtogeneratenewareatobe explored by AZIO. ď‚·Social media is also going to make an organization gain sustainability within the market with cost saving. As social media marketing only requires advertisement cost. ď‚·Social media can be proven to be very dangerous at times because it marks out certain information about the product which can impact the growth of organization. ď‚·Also competitors can also be a threat as they can use the information to form better product that can lead towards lack of sales to AZIO. Evaluation of two competitors using social media. Competitors of AZIO areGame Vizion Software Development, Robovu. There advantages and disadvantages are explained below in relation to digital marketing. Games Vizion Software Development Advantages of digital marketing ď‚·It is the game development tool which has got whopping community of asset and the plugin developers and you will be able to get the reasonable and free content available. ď‚·Unity provides the class apart editing tools for the game developers and this can also be extended with the plugins. ď‚·Italsosupportstheassortedrangeofassetformatswhichismeantforconversion automatically to maximum formats for the target platform too.
ď‚·It also supports the elite range of operating systems and platforms, like the mobile, desktop, and the gaming consoles. ď‚·This game development tool is available at the free license and have got class features. ď‚·Even the paid licenses available are also quite reasonable for many professional developers which are also available for the subscription (Cole, DeNardin and Clow 2017). Disadvantages of digital marketing ď‚·In this particular game engine, developer teams perceiving is full old hassle as such. ď‚·This game development engine is not completely made to effective use for the mobile devices by the time the current Unity 5 had hit the markets. ď‚·The developers are not being able to get the complete source code by using this game development engine as such. ď‚·If any kind of bugs arises then you will have to wait for long time until this particular issue is being addressed by the company itself. ď‚·Any server product which offers quite good platform for the collaboration is just very costly by tech different game engine standards Robovu Advantages Cost Effectiveness Being a latest inventions robots are turned out to be very much cost effective in a manner that material used in it depends upon the purpose it is being prepared. As technological advancements are taking place this can attract customers and can affect the growth of AZIO in market. Also this Company has a product that is also helpful in increasing of productivity that is going to benefit manufacturers. Improved Quality Assurance In these kinds of projects improvement in quality is assuredbecause of technological advances taking place and also it takes care of human welfare by reducing workload over them. This is also helpful in making quality out the work that is to be done by him.
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DISADVANTAGES Job Loss can be there This means that as technological advancements are taking place in an organization and robots have been proved to be a helping hand in completing various types of work. So, this can sooner be proved to be an way of increasing unemployment because men power required would be less after robots is going to increase. Initial Investment cost This is also very high at the starting because all the technology used in it is going to be costly and a company investing in it has to see towards this. Technology now days has become costly. For robotics huge amount of money is used to gain perfection from it. Identification of two key customer groups and development of personas. As per thisGames Vizion Software Developmentis going to target those customers within the market who are seeking for new technology in terms of games that is going to make it attract large customers. This is going to be done by analyzing and collecting data over the customers who love games. It makes the organization gain lot of support within the market. Another organization that isRobovudeals over selling of robots and is required to target only those customers that are interested in buying robots or organizations requiring robot. This is going to make both the organizations attain a sustainable growth within the organization of market. Both the organizations should be focused upon two types of customers first kind of customers is technology oriented which is going to make growth possible for an organization like RobovuandGames Vizion Software Development. Second type of customers are those that buyproduct but does not know about it in such types of customer sales is less. Both these group can targeted through using of digital marketing skill which is going to attract customer at large (Dutton and Reisdorf, 2019). Customer journey flowchart or graphic. This chart explaines about customer andall kinds of experience that he had with the company. These cahrt caan be both graphical and a flow chart as it deals with wants of customer
and their need satifying is there prime target. This chart can be formed keeping the comoany AZIO in a mannner that has been given below. This chart is an effective way of gaining focus towards customer and making product keeping in mind there needs. AZIO isgoing to be benifitted from this chart in a manner that it is going to make it do advancment in its products and change them as per customers requirement. PART 2 TOWS matrix This is that kind of analysis in which an organization’s exert renal factors are analyzed in the form of threat, opportunities, weaknesses and strength. This is going to help an company like AZIO to mark out those things that is going to promote its growth an d is going to help in gaining of technological support (Duffy and Pruchniewska, 2017). This analysis is as follows:
STRENGTHWEAKNESSES OPPURTUNITIESStrength for capitalizing of available opportunities-SO Overcome weakness to capitalize opportunity-WO THREATSUse strength to avoid threats-STReducing weaknesses in order to avoid threat-WT SO AZIO holds strength of having a unique product that has to be promoted and being a new product chances for expansion increases. In order to make promotion possible digital marketing is going to be used that is going to make expansion possible and helps in building of customer base. WO Weakness that is hold by organization like AZIO is that lot of competitors exists in market which makes expansion tough. Through Social media marketing this problem can be solved because it makes ease in reaching to customers in appropriate way. . ST Strong digital marketing is helpful in attracting customers that makes establishment of an organization possible within a country (Ciampaglia, 2018). Attracting customers can be done through enhance promotion and using unique for it. Thus strength hold by AZIO is digital marketing. This can be used to compete with its competitors and expansion of business can be done through forming a strong base of customer. WT
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Digital marketing if not done in proper manner is going to make organization like AZIO face various kinds of difficulties and is also going to give its competitors chance to gain strength in market. Modificationwithinitstechniquescanalsoleadintopassingofsomesensitive information that can be used by another organization to make its product better. Also shifting of customer can be which makes loos in base of customer also. TWO digital SMART objectives. Digital smart objective are those types of objectives that is going to promote utilization of digital technology within an organization like AZIO. This is going to help in setting of those objective which is going to further help in making digital marketing promotion. That is useful for the growth of an organization like AZIO. Two smart objectives regarding the organization is as follows: Increase in sales:This means that an organization like AZIO is required to increase its sales in a way that product sold by it is required to be promoted and make it reach to its customers. Sales can be increased by utilizing of mobiles in a way that app can be introduced which provides easy access over the product sold by it. This is going to boost the sales by making the product reached to customers in easy manner. This is also going to help AZIO to establish itself in the market and attract customer’s at large scale and also promotion of the AZIO is also going to be there through this. Profit of the organization also going to boost (Carr, Wohn and Hayes, 2016). Social media:This is going to play an important role making the product sold by the company to attract customers. Social media also helps in setting up of those objectives that helps in targeting customers outside the range of country and this is also going to make AZIO more popular and is going to help in reaching to customers. This is eventually improves quality of product as feedbacks from customer is taken which helps in doing advances in the product. Such a way this objective is going to help in making company popular all across glob. Recommended digital marketing strategy based on the audit and TOWS Digital media marketing are those types of strategies that are going to promote AZIO to all over the world and are also going to help in making a strong customer base. There are various kinds of digital marketing strategies which can be used by the company and they are marketing
through social media, emails, you tube, influencing the marketer. All thesehelps an star-up to get itself establish and expand its business all over the world. These are very helpful for an start- up in a way that it gives unique and effective measures to promote themselves at a larger platform. The strategy that can be used by AZIO to promote itself is through social media because almost everyone uses some or the other social media platform this is going to provide a boost to it sales and is going to promote the product to various persons. This is also going to make the company to give an stronger base to establish itself at global market. Such type of marketing is also going to be cost effective and is going to save money which can be used for later on purpose. Also this strategy is going to make it introduce its product to those customers where the company cannot reach. Such strategies are very important in a way that it makes customer easy attached to the company in direct manner. Social media strategy is also going to promote the product and is also going help in knowing needs of the customer that is going to help in improving of product (Brown, 2016). PART 3 KPI bench marketing It is that kind of bench mark that helps in promoting and analysing of those kind of process that is related to various kinds of elements in its work place like technological, staff members, production cost, Projects Company has to perform and many other kind of things which is required to be taken care within an workplace. KPI bench marketing in other words is said to be analysing of cost that is going to be used over various factors responsible for a task to be accomplished.Now that we knowKPI stands for key performance indicatorit is only as valuable as the action it inspires. Too often, organizations blindly adopt industry-recognized KPIs and then wonder why that KPI doesn't reflect their own business and fails to affect any positive change. One of the most important, but often overlooked, aspects of KPIs is that they are a form of communication. As such, they abide by the same rules and best-practices as any other form of communication. Succinct, clear and relevant information is much more likely to be absorbed and acted upon. In terms of developing a strategy for formulating KPIs, your team should start with the basics and understand what your organizational objectives are, how you plan on achieving them, and who can act on this information. This should be an iterative process that involves feedback from analysts, department heads and managers. As this fact finding
mission unfolds, you will gain a better understanding of which business processes need to be measured with a KPI dashboard and with whom that information should be shared. RESOURCES€ 20,0000€ 10,0000 BUDGET€ 30, 0000€ 20,0000 STAFFING€ 40,0000€30,0000 TECHNOLOGY€ 50,0000€ 40,0000 The table that has been shown above is related to various kind of amount that is required to be spend over factors that are to be used for promoting of digital marketing and social media marketing. It has been formed by using KPI bench mark and organization like AZIO is going to be benefitted from this in a way that managing of money and focus over the growth of organization can be done. Also it is going to make utilization of resources in better manner which is going to promote efficiency and effectiveness within its accomplishment of task (Azucar Marengo and Settanni 2018).
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CONCLUSION The above file it can be concluded that social marketing and digital marketing is very important for an organization like AZIO in a manner that it is going to help in making it promote itself to all types of places also across the globe. Also in this file SWOT has been done that has helped in analyzing of strength and weaknesses of an organization like AZIO. This made the company aware about the opportunities’ and threat which can affect the growth of the company. Further TWO has been done over digital marketing that has helped in making of objectives and has showed that how objectives can be formed. Further a strategy has been explained that iss going to help in faster growth of the company through digital marketing. This strategy is social media strategy. Then in the end KPI benchmarking is used to make out cost applicable over various elements in AZIO.
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