Hello. This assignment is for Claudia Alexandru and the chosen company is Morrisons
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Table of Content INTRODUCTION...........................................................................................................................3 LO1..................................................................................................................................................3 P1- Comparison of online and offline digital marketing.............................................................3 P2- Consumer trends and insights which are fulfilling the growth of digital marketing............5 LO 2.................................................................................................................................................6 P 3 — Key digital tools & Hardware's available in contrast with ' Bricks & Mortar and other physical channels.........................................................................................................................6 P 4 — Digital Marketing Channels v/s Physical Channels..........................................................7 LO3..................................................................................................................................................9 P5 Digital marketing plan and strategies to build multi channel capabilities..............................9 P6 Omni channel marketing.......................................................................................................11 LO4...............................................................................................................................................12 P7 Measurement metrics and performance metrics in digital marketing..................................12 P8 Actions to improve performance in digital marketing..........................................................13 CONCLUSION..............................................................................................................................15 REFERENCES..............................................................................................................................16
INTRODUCTION Digital marketing refers to an integralcomponent of marketing that utilizes internet and digital technologies such as advanced computers, mobiles and social media platforms to promote business of companies. Organizations use multiple channels with use of innovative technologies that enable them to analyse campaigns, content and strategies for promotion and business campaigns. Morrisons is the fourth largest supermarket chain of United Kingdom and strong presence in economy by contributing around 11% of market share and 400 stores with more than 30,000productsvarieties.Thisreportexplainsdigitalmarketinglandscapeandhowit differentiates with offline marketing concepts for brand. It also analyses key customer trends and insights for fuelling the growth of digital marketing and tools that are available to marketers in contrast to bricks and mortar and physical channels. It explains development of e-commerce and digital marketing platforms along with marketing plan and strategies to build multi channel capabilities. This report also analyses how omni channel marketing has evolved in company business operations and also evaluates the performance metrics and measurement techniques in digital marketing, along with set of actions to improve performance in digital marketing. LO1 P1- Comparison of online and offline digital marketing. Digital marketing is a fundamental marketing that includes online or internet based technologies. Digital marketing can be done with the help of computers, mobile phones, social media, which helps in promoting products and services and can easily reach to their customers. It is a new way to approach customers and customers can easily find products they need. Digital marketing is a way to interact with their customers and can easily find feedback from customers. Internet marketing also advertise on different websites, games, emails or on mobile applications to aware the customers about services(Chaffey, and Ellis-Chadwick, 2019).Morrison is a large supermarket in UK. Both online and offline marketing is needed to target their customers. Online marketing- Online marketing is a technique for promoting product and services. This is done through internetincludessocialmedia,email,applicationadvertising,searchenginesandmore. Objective of Morrison to use online marketing is to reach the customers by different channels where customer spends more time in reading, searching or shopping. Morrison is widely spread
that is the reason they use digital marketing and more channels to reach their customers. The company is facing more challenges and benefits with online marketing. Online marketing is beneficial for customers, so theyknow about the product and service details at their remote places. Digital marketing is beneficial for company it reduces the cost of company, give competitive advantage, develops customer relationship, and feedback services to their customers. Onlinemarketingconnectsthecompanywiththeircustomersanddevelopbusinessby eliminating offline marketing. Morrison is providing all detail information abouttheproduct on internet so it is flexible and convenient for customers to choose. Customer can comparethe product price with other product price on internet and it is convenient to choose. In online services, customer can pay their bills digitally by sitting at their home only. The big disadvantage of online marketing is that customers are not able to try or touch their products at the time of purchasing. Online marketing has eliminated the offline marketing in recent years from the industry. Offline marketing- Offlinemarketingrefersto thetechniqueofadvertisingthrough television,radio, newspaper etc. It doesn't include internet facility. This is the traditional way of marketing which was used by the companies before online marketing and it is still used by some companies to maintain position in the market. Offline marketing reaches the customer and grab the attention or feedback from the customers. Offline marketing is face to face marketing, it can be done through direct mailing, meeting, speaking, personnel selling, printing of advertisement in newspaper. Morrison has a supermarket where customers go and purchase items which theyneed(Royand Joseph,2020).Morrisonalsoprovideonlineaswellasofflinemarketing,theyhavea supermarket where the customers can go and purchase the items they need. Morrison believes both online and offline marketing is beneficial for them, though all customers doesn't choose online marketing. The company get benefits from offline marketing are ordered at short notice, you get the product exactly what you need, builds relationship with customers and have different distribution channels. Thus, offline marketing still has a good position in industry, it helps more in increasing the sales of Morrison.
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P2- Consumer trends and insights which are fulfilling the growth of digitalmarketing Consumer insights Consumer insights are analysed information related topresent customers. Customer information is analysed through research and data analysis. Customers are giving feedback of the product and by research the company find what is the need of the customer. Without knowing the need of the consumer,the organizationis not able to produce the product. Morrison is analysing the consumer insights, and then they are selling theproducts(Elsevier,2016).After analysing through research or data analysis Morrison finds the taste or preferences of the customer. They offer products which are mostly needed by the consumers. Customers are preferring online marketing, they buy the products online, pay through internet marketing and give feedback to them in this way digital marketing is preferred by the consumers. Consumer trends Consumers trends shows preference of goods and services of customers, how much customer spends and what they buy. What products customer are preferring online and offline. Some consumer trends are as follows:- Pricing: - Some customer thinks according to their economy; how much they can spend on a particular product. Morrison is providing discounts and offer in their supermarket, both online and offline. So people prefer supermarket due to their discountoffered(Cuomoand et.al., 2016). In onlinemarketing customersare payingthrough internet banking, you can get cashback and more discounts, this is also a reason to choose online marketing. Globalization:- Due to globalization, the consumers thinks that they must get global products which is available in one country only. Morrison must open their supermarket in multi countries, because now the consumers are preferring digital marketing, and other countries will prefer Morrison because they provide good discount also. Conversational:- Digital marketing develops customer and company relationship. Morrison keeps taking feedback from the customers and the company is developing their services according to customer need. Personalization:-
Customer must be self-personalized with the digital marketing. Customer must know how to use digital marketing, so they can use the facilities which is provided by the Morrison. Technology:- Now a day’s technology is increasing day by day. Consumer prefer new technologies which makes them more aware about the company. The customer always buy items after doing research of a product before purchasing. Social media:- Social media is mostly used by the customers. People are sending number of messages to each other this is useful for a company for marketing of their product and services. Social media applications like Facebook, Instagram or twitter are also useful for advertising the product because people spend more time on it. Morrison uses this application for digital marketing, so the customer gets to know about the products and their services. LO 2 P 3 — Key digital tools & Hardware's available in contrast with ' Bricks & Mortar and other physical channels Bricks and Mortar is a traditional business with a physical presence of its own office, store or shop and offers its products and services directly to customers. In this type of business buyers and sellers and interact with each other face to face and the buyer can understand what the seller is trying to express about its products. Whereas, Digital marketing is a platform which uses all digital marketing networks and methods to promote their products and services by using internet,socialmediaandotherelectronicdevicessuchasMobilephones,Televisions, Computers, laptops, etc. and to reach customers electronically. Although, Some customers prefer to visit the particular store or shop to buy the products and some customers prefer to buy online by visiting websites such as Amazon.in and many more (Chaffey and Ellis-Chadwick, 2019). Therefore, Digital marketing is easier and faster as compared to traditional business because customers don't need to give more time and get wide variety of products at one place and not need to go anywhere. It also uses various digital marketing tools to enhance the business. Some key digital tools and hardware's which are available to marketers are as follows: Social Media Marketing —It is a platform where social media is used to connect with people to build brand image, gaining website traffic and increase sales through various social media sites such as Facebook, Twitter, Instagram, Tumblr, etc. It helps in meeting the target customers
and where they interact socially with each other. It is beneficial in increasing brand recognition and adds value to the business to achieve growth. It helps the business to learn from competitors, promotes and develops relationship with people. Search Engine Optimization —This a practice where quantity and quality of website traffic increases through the results of organic search engines. Through this the business can reach quality and right quantity of customers those who are clicking through search engine result page which enhances the traffic. This results in awareness about the product, promotion and reach to the targeted audience (Kingsnorth, 2019) . Pay-per-Click Advertising —It is a model in which online advertising of the products and services is done by the company where it has to pay each time when the user actually clicks on one of their online ads. The most common type of this is Paid Search Ad. It can be Text Ads, Display Ads, Shopping Ads and major Pay-Per-Click platform can be Google Ads, Microsoft Advertising, etc. It also affords the businesses the opportunity to go for advertising within the sponsored lists of search engine or partner sites. Web cameras —It is a camera which is connected to a desktop or laptop that captures pictures, broadcast videos in real time and stores the data into the hard drive of devices. Therefore, these different tools can be used by the MORRISONS to enhance its business through digital marketing. P 4 — Digital Marketing Channels v/s Physical Channels BasisDigital Marketing ChannelsPhysical Marketing Channels MeaningDigitalmarketingchannelsare usedtoselltheproductsand servicesonlinewiththeuseof internet and electronic devices. Physicalmarketingchannelsare used to buy or sell the products and services offline without the use of internet. Physical PresenceIn this the physical presence of the sellers,offices,storesarenot required. Here in this case without physical presenceofthebuyers,sellers, offices, stores the business cannot run (Sridhar and Fang, 2019).
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AccessibilityAccessibilityofproperInternet andelectronicdevicesis mandatory. Inthisaccessibilityofarrivalof customers is necessary. Promotion toolsInthispromotioncanbedone through social media, advertising, Email-marketing, etc. This helps inpromotingtheproductsand services quickly with less effort. Promotion tools used by the seller arePaperads,Broadcastthrough television & Radio, Telephones and SMS.Itrequireseffortstomake their products and services reach to customers. CompetitionInthiscasecompetitionis becomingtougherdaybyday because every one prefers digital channelsasitislesstime- consuming and easy to access. Competitionisreducingbecause people are now switching towards digital marketing. Offers and DiscountsIn this many offers and discounts are available to the customers on daily basis and special discounts are also given on special occasions sothatcustomersgetattracted with it and avail this opportunity bybuyingtheproductsand services. Here,assuchnodiscountsand offers are provided by the seller to the customers, only if he wishes to give can give on special occasions. ProductHere wide variety of products of different brands are available to customersatoneplaceasthey neednotgoanywhereandcan visit these sites by sitting at home or any place (Zhu and Gao, 2019). Inthiscasenosuchvarietyof products are available at one place, the customer has to visit particular storeofthatproductwhichhe wishestobuy.Hehastovisit different stores for buying different products. Time consumptionIn this it is not time-consumingItistime-consumingbecause
thereforerequireslesstimeto access the sites and applications. customer has to visit the store that requires time. AvailabilityThese are 24/7 available for the customers to buy, return, replace and complaint anytime about the product which they have bought from the particular site also they need not wait for the next day. These are available only at the store timings and customer has to visit the store again for replacement, change or for any complain and also has to wait for the next to open the store again (Mandal and Joshi, 2017). LO3 P5 Digital marketing plan and strategies to build multi channel capabilities. Digital marketing plan is highly important for company to gain strong position within customers and business world as it delivers quick access regarding products and services company offers worldwide. Social media, content marketing advertisements on websites are the most innovative digital marketing platforms which Morrisons uses to reach customersworldwide (Busca and Bertrandias,2020). AIM-Toestablishlargedigitalplatformswherecompanycanestablishmarketingand promotional functions. Sostac model is one of the most innovative framework for digital marketing strategy and planning formulation which enables company to structure its future perspective growth parameters to leverage more profitable revenues and high scale customer market share. S-Situations: Morison company at this step of digital marketing plan analyse the current marketing situations, the changes which needs to be done and the steps which can be formulated for gaining innovative position in the industry for reaching new segments of customers. O- Objectives Morison company at this step will formulate the objectives of digital marketing plan to captivate high market share position among customers, by high technology usage and promotional through various media platforms. S- Sytrategy
Morison company will formulates strategies and innovative business model implementation at this step which will gain large profitable margins and high growth consumers market which will help in gaining high goodwill and leverage strong positioning in the industry. T-Tactics Morion company at this step will formulate tactics to gain competitive edge in comparison with other companies and brands by formulating strong innovative marketing plan to use the potentiality of market spread and reach high growth in profitability revenues. A-Actions Morison company at this step will take active action towards monitoring the marketing plan implementation, resources utilisation and the various investment funds which have been pooled in .This step will help company ti evaluate its performance growth factors, spread within consumers and various other parameters. C- Control Morison company will control and take all mitigation steps which will imply effective completion of all steps and strategies taken within the complete procedure, which will enable company to get strong position in industry and reach new avenues of growth. RACE Model Race model is one of the most innovative strategy which helps in developing strategic PR plan which has steps of Research, action planning, communication and evaluation which helps in beginning steps of all marketing campaigns. Morison company through this framework will help in formulating strong models which will help in further procedures of marketing plan. SMART GOALS Specific-Morrison plans to build wide product portfolio on shopping websites Measurable-Performance standards will be measured by understanding the graphics and metrics to see how many consumers are going through products' portfolio and their reviews will enable company to build stronger shopping experience. Attainable-Morrison plans to attain success in implementation of digital marketing plan is an attainable goal and possible to accomplish with flexible operational structure. Relevant-The goals set are highly relevant to implement in competitive business world where digital marketing is immensely important. Timely-Company plans to achieve these goals in 1 year time frame
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STP Segmenting-Dividing market share into segments of customers related to variety of products and services for quick delivery in business operations. Morrisons offers around more than 30,0000 products into stores which can be divided into segments for efficient digital marketing on websites for enabling them quality shopping experience on internet (Dinis, Breda and Barreiro, 2020) Targeting-Selecting the most attractive segments of customers to target through digital marketing will enable company to build strong value and target new customers by segmenting them into product categories. Positioning-It explains ways by which Morrison can position among targeted customers by efficient quick delivery of products and services. For example To gain revenue growth in organic food products category newly launched positioning the promotional activities into targeted customers is highly important. Digital marketing methods Social media marketing is the most innovative digital marketing platform for companies to build their business expansion in global digitalized business world. Morrison by advanced technology to promote their business performance and details of products on portfolio on Twitter, Facebook and other social media platforms build strong presence in market share (Kulkarni, 2020). Content marketing is also one of the most innovative digital marketing method by which Morrison can build strong promotion strategies for digital marketing. Company by focusing on bringing innovative content of marketing in product portfolios and strong customer feedback services, it can build strong digital market share on global scale platform. Market analysis-Internal factors are highly important to analyse for company to formulate the digital marketing plan as it enables management a clear understanding of all key points including capital and other resources. Investment funds-Large capital funds are required by companies to initiate digital marketing plan as advanced technology and equipments are needed to build promotional operations on large scale. Morrison being one of the largest retail chain brand in UK economy plans to indulge in huge capital funds as investment in digital marketing operational structure (Camilleri,2020).
Multi channel marketing platforms This refers to channels where company is able to build communication with audience and consumerson digitalplatformswithstrong dynamicstructurein deliveringservicesand products. Through these channels there lies maximum opportunities for company to establish their relations with customers through digital marketing strategies and also enable them with efficiency in getting quick access to all performance reports. Morrison being one of the biggest retail giant company of UKL, lays high importance to multi channels of digital marketing to enhance the goodwill among loyal customers and keep them retained in competitive business world (Rose,2020). Consistent customer experiences-Customer experiences are of the most important factor for building multi channel marketing platform on digital media. As repetitive purchases and sustained goodwill among consumes is highly dependent on building strong digital marketing operational stricture with efficient delivery channels of all product and services. Customers consistency data enable Morrisons to operate with efficiencyindigitalserviceswhereitisimperativelyimportantforcompanyfor succeeding in volatile business world. Advanced analytics-Predictive analyticswith advanced technology usage enables Morrisons company to keep check on digital marketing standards and determine arenas whereitcanbuildefficiencyinchannelstodeliverquickaccessforcustomers. Expanding business channels with advanced analytics in digital marketing will help company to establish strong brand with global recognition in serving high quality standards. P6 Omni channel marketing Omni channel marketing can be understood as business marketing approach where customers experience integrated shopping with varied channels to create strong brand image and deliver company services along with unified message of company vision (Kamble,2020). Advancedtechnology usage for digital marketing has brought brands in close competitiveness among each other and omni marketing is one of the highly used channel. Morrison through omni marketing channel can influence consumers by promoting about brand products and services directly on their social media platforms and mobile phone.
Omni marketing channel enables companies to deliver quick services to customers worldwide by getting in touch with them through emails, Facebook handles and other social media services. Morrison through omni marketing channel promote about new products directly to targeted customers by sending message notifications. This will bring flexibility principle and quick feedbacks and reviews will enable brand to function out their marketing effectively (Spiller,2020). Omni channel marketing services will enhance business revenue by attributing customers with innovative services of listening their grievances and respond cycle through which they can experience quality shopping experience. Customers can get directly in touched by Morrison brand where management can share promotional details on social media and get their regular reviews regarding products quality. Morrison can enhance its marketing standards through strong omni marketing channel by which customers goodwill can be built along with sustained loyalty to keep them active on websites. Omni marketing channel enables better data collection and analysis of consumers for company by which they can design better adverting campaigns and target segmented customers with efficiency. It also creates synergy among all management departments and channels for aiming better brand visibility among all digital handles. It enables company to deliver complete buying experience for customers and streamline logistics for effective customers service and motivate management to keep customers closely aligned with company goals attainment of profit margins. Integrate marketing analytics through omni marketing channels will help Morrison to build strong bran image among consumer worldwide by which they can improve their services drastically (Bu, Parkinson and Thaichon, P., 2020). LO4 P7 Measurement metrics and performance metrics in digital marketing ◦Traffic generation- Measurement metrics to check traffic generation of customers on websites and shopping portals will enable Morrison to build strong digital marketing presence. It is highly important for company management to check traffic generation and how many people are actively interested in products and strategies can be formulated to enhance goodwill.
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Total number of websites visits- Morrison by analysing how many customers are coming on shopping websites for actively shopping and which products are highly purchased with repetitive sales measure build performance metrics. Interactions of consumers per website is hugely important to determine relevant important arenas in digital marketing and the time consumers spend on each page also impacts to determine how innovative are company products (Handa and Gupta,2020). Returning website visitors-This performance metrics help to determine hoe much percentage of customer have return visits on websites for shopping due to innovative products and comfortable shopping experience. This highly impacts the digital marketing strategies as Morrison aims to keep large customer base retained for long term with high quality services and efficient customer satisfaction services. Goodwill among consumers- This performance metrics highly impacts brand value for constructing digital marketing operational structure as consumers goodwill have large impacts to determine stability. Having large satisfied consumer loyalty strongly measures digital marketing performance standards and the impact of promotional activities. Bounce rate-This explains how many visitors left the company shopping website without any purchase which impacts on company performance levels. Bounce rates help to determine weather content is being found relevant by consumers or not and how their shopping experience was. A low bounce rate determines growth in customers loyalty for Morrison brand and develops the brand equity extensively (Sümer,2020). P8 Actions to improve performance in digital marketing Advancedtechnologyusagecanbeimplementedincomputersforimproving performance in digital marketing platforms as there is high demand for modernization due to large competitive growth in retail industry. Morrison by implementing new technology equipments for digital marketing services build strong goodwill among consumers worldwide and enable extensive growth in company online presence. Training employees to deliver efficient services to customers through email networks and websites advertisements will enable Morrison to reach successful digital marketing standards. Employees should be given training to solve customer grievances quickly and establish feedback completion targets for serving customers base with efficient services.
Promotional tools will enable company to build strong online presence through internet for digital marketing functions as it allows companies to generate huge customer base growth (Curiel,2020).Digital marketing success of Morrison brand is hugely dependent onpromotionaltoolsasglobalbusinessworldcompetitionmakesitimperatively important for companies to deliver online services More investments in building large digital marketing structures in Morrison will enable brand to productively reach set performance standards with attainment of large customer goodwill. As there are large metrics involved in marketing, there is high demand of financial capital for management to implement decisions with efficiency. Tracking social media presence along with websites advertisements done for digital marketing through performance metrics and customers statistics will help Morrison to improve digital marketing functions.
CONCLUSION This report concludes digital marketing is highly important for companies to build high goodwill among consumers in volatile business world where there is strong competitive growth of new brand entrants. Morrison is one of the biggest retail giant of UK where large focus is given to digital marketing strategies and development of performance standards to reach set goals. It also elaborately analyses the huge difference betweenways of digital marketing and offline marketing strategies, and the various parameters which companies to effectively touch for successful implementation. It concludes that consumer trends are highly dynamic along with insights which impact the growth of digital marketing on various key points. It has successfully analysed the innovative digital tools and the new machinery equipments which will help company in strong positioning of company structures within competitive industry.It concludes e-commerce and digital marketing platforms are extensively wide in comparison to physical channels of company. It concludes formulation of digital business plan where omni channel marketing is followed to reach large customer base globally. It concludes online web traffic, customer feedbacks and bounce rate are measurement metrics and performance metric which elaborately explains the performance standards in digital marketing. It also analyses the methods by which companies can improve their digital marketing promotional activities to occupy large market share.
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