This report discusses the integration of e-commerce and contemporary marketing practices in the case of Marks and Spencer. It explores the marketing process, current marketing practices, and omni-channel marketing theories. The report provides recommendations based on the analysis.
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E-Commerce and Contemporary Marketing Practice
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 A) How Marks and Spencer (M&S) have embedded and applied the marketing process within the trade journal article................................................................................................................3 (Source: 5 Essential Steps for a Successful Strategic Marketing Process, 2017 )......................4 B) How this reflects current marketing practises........................................................................6 C) Relate relevant omni channel marketing theories and models to the trade journal article.....7 (Source: Omnichannel Marketing Strategy, 2019).....................................................................7 D) Provide brief recommendations based on your review and analysis.....................................7 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION E-COMMERCE and CURRENT MARKETING PRACTICESare interrelated and aligned together as the trends and improving technologies and devices have provided huge potentials changing the marketing environment in business world. Marketing is an essential task for a company to undertake which is made more easy, cheaper and faster by introducing and updated technologies. The report is developed on Marks and Spencer formally symbolised as M&S. A retail store developed in British markets and situated in worldwide location with its operations founded in 1884 by Michael Marks and Thomas Spencer, headquartered in London, England, UK (Li and Ku, 2018). The assignment acknowledges the new marketing campaign which was introduced by Marks and Spencer (M&S) again after 12 years with updated knowledge and resources. A discussion is performed for identifying applied marketing processes and their reflection on current marketing practices of Marks and Spencer.Moreover, relevant omni-channel theories are related with the information provided in the article and accordingly recommendations are provided at the end(Lin, Xie and Lv, 2016). MAIN BODY A) HowMarks and Spencer (M&S)have embedded and applied the marketing process within the trade journal article. Marketing processis referred as a phenomena which is performed by by organisations as it allows it to determine the problems of customers, respective opportunities available in marketplace and develop efficient marketing plan to reach out to potential audiences who can be changed into future buyers and long term customers(Pilelienė and Grigaliūnaitė, 2016). Through this articleMarks and Spencer have integrated their objectives and implemented their process of marketing. There are five broad stages to this process that are elaborated underneath:
(Source: 5 Essential Steps for a Successful Strategic Marketing Process, 2017 ) Mission:The first stage is of deciding the mission of conducting particular marketing actions. The article highlights the objective ofMarks and Spencer to bring back their food campaign which was running 12 years ago and now it is being introduced again with better understanding and perceptions of people, in order to change their brands image and identification in market (Hagberg, Sundström and Nicklas, 2016). Situational Analysis:The second stage of marketing process is of analysing and evaluating the external market condition for hitting on the exact points and segments which are aligning to the company's objectives and mission statement. The article highlighted the current market analysis conducted byMarks and Spencer through which it recognized the need for adding new twist and modify its 12 year old campaign. Marks Illustration1: 5 Essential Steps for a Successful Strategic Marketing Process, 2017
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and Spencer also required to surprise and delight consumers by attracting them by a 60 seconds daydreaming advertisement video offering them information about great value food products and mealtime inspiration for the families of nation (Gupta and Singh, 2017). Marketing Strategy:The step of marketing strategy is developed for thoroughly evaluating a potential marketing strategy for the audience in order to be most effective and achieve all their aims and objectives of developed through mission statement and situational analysis. In the article it is clearly stated thatMarks and Spencer is now diverting its focus on wider market by resetting people perceptions about their food products and brands and now going after less premium and more family-orientated customers base (Chaparro-Peláez, Agudo-Peregrina and Pascual-Miguel, 2016). Marketing Mix:The next phase of marketing process is of establishing the marketing mix which has 7 tactical areas to nurture,Product, Price, Place, Promotion, People, Process and Physical Evidence.Marks and Spencer have expanded its product portfolio making it more attractive and updating it by providing its smoked salmon to its new trifle. Pricing is adjusted according to less premium customers, distribution channels are physical and online, promotional tool is of Omni-channel marketing, people that is workforce is well trained and inclusive of more expertise, processes are advanced and constructive and all the action performed online through E-Commerce and with physical stores will be enough evidence for their existence (Chaffey, Hemphill and Edmundson- Bird, 2019). Implementation and Control:the last stage is of implementing all the plans in actions and by thoroughly researching and identifying appropriate timing and dates to launch the ideas.Marks and Spencer unveiled it on an event took place on 2 April about launching their new marketing campaign by modifying their 12 years old movement and keeping their “food porn” trademark (Fedorko, Bacik and Gavurova, 2018).The new campaign will be launched through an advertisement on social media the very next day at 10:15 am even ahead a TV debut. Also, introducing the intentions to carry on the marketing movement the whole summer and beyond by featuring it on radio, through print media and new-look-in-store marketing.
B) How this reflects current marketing practises. Marketingis an essential task which irrespective of the size, scope and structure of businesses(Islam,HoqueandSorwar,2016).Smallorlarge,privateorpublic,sole proprietorship or partnership every firm needs to conduct marketing for their brand and spreading awareness allowing them to compete in marketplace amongst all the other rivals. The current marketing practices which are reflected in the article and performed byMarks and Spencer according to the marketing process are various and linked with the plan. These marketing practices are as follows: Setting attainable Goals:The marketing plans first stage is to set goals and mission statements.Marks and Spencer conducted thorough market research and evaluated the need for modifying their old marketing campaign and resetting it in the market for better customer attraction and setting attainable goals (Liu and et. al., 2017). Defining target market:Next marketing practice undertaken was of defining the target audience which was a integrated action of market research for analysing the current market situation. According to whichMarks and Spencer recognized the need for the company to enhance their customer base and acquire wider market by moving to less premium family-orientated consumers (Li, Liang and Li 2018). Establishing clear brand identity:Under this marketing practice the marketing mix tool and stage of marketing process enabledMarks and Spencer to develop their identity. The tactics and strategies developed through marketing mix plan supported Marks and Spencer in rendering best and appropriate image of the brand in the market and most importantly in new targeted segment (Kbilashvili, 2018). Combining online and offline marketing strategies:The implementation and control phase of marketing process clearly stated the intention ofMarks and Spencer of using Omni-channel marketing procedures. Marks and Spencer while announcing the launch of their campaign also unveiled the different sources through which they will be launching their strapline again after 12 years (Johansson and Kask, 2017).
C) Relate relevant omni channel marketing theories and models to the trade journal article. (Source: Omnichannel Marketing Strategy, 2019) Omni-channel is considered as the hypothesis for the customers which shows that what customers do is more valuable then other things. In terms of this, currently organisation use five omni-channel marketing theories that are beneficial for company in order to promote and advertise their products within the market. For this, few of them are mentioned below:Social Media:By considering the discussion regarding the marketing of company it is analysed that social media is prominently used by company in order to attract their customers(Gregory, Ngo and Karavdic, 2019). For this, Marks & Spencer currently use television, facebook, instagram and twitter in order to attract their customers by showing attractive advertisement. Moreover, they also set up their TV debut in the morning at 10:15 and its objective is to reintroduce their product in order to run their organisation and also leads to increase sales and profitability.Websites:It is useful for the as many of people visit websites before their shopping and also leads to gets significant reviews from their as it is useful for the company in order to increase their customer base(Hua,2016). Along with this, Marks & Spencer leads to develop significant campaign in order to promote their product and these camps are also promoted with the help of official website of company. Illustration2: Omnichannel Marketing Strategy, 2019
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Email marketing:This marketing technique is effective for the existing and present customers as for this, Marks and Spencer leads to promote their products by sending mails to them on their personal mail id. For this, when customers visit the store and due to this, Marks and Spencer get details about their customers like their name, mail id, contact number and so on. For this, they use it when the company introduce and launch new product and regarding this they need support from their loyal customers in order to promote it and get chance to increase their customer base.Digital advertising:In terms of this, company promote its product by using digital method and online platforms by digitalising their marketing methods. For this, Marks and Spencer use search engine marketing, pop-ups, displaying ads, native advertisement and so on which is useful attracting customers towards their product which is helpful for the company(Smirnova, Rebiazina and Daviy, 2017). Along with this, Marks and Spencer also adopt effective leverage advertising method like mobile apps, affiliated programs, social media and many more. Print ads and catalogues:As per this factor, Marks and Spencer advertise its products through catalogues and banner by representing attractive slogans and lines that leads to attract customers for the longer period of time. Along with this, they put these banner on each and every street where it is visible for each person and distribute their catalogues in order to show their competent and abilities.(Baran and Galka, 2016)Currently, Marks and Spencer use magazines, newspaper, TV and other methods in order to represent their products through very attractive method that leads to attract and retain them for longer period of time. D) Provide brief recommendations based on your review and analysis. The current report discussion is developed on integration of marketing and E-commerce utilized byMarks and Spencer in introducing their new marketing campaign which was stopped 12 years ago but now being presented by integrating it with omni-channel marketing theories and techniques. E-commerce have brought huge opportunities for businesses and retail sector is the most contributed industry through it (Guercini, Bernal and Prentice, 2018). Marks and Spencer dealing in retail sector requiring to move according to current trends in of the industry which is internet and era of online shopping. People are most concerned about their ease and comfort which brought the aggressively developing social media markets and
online applications. Marks and Spencer is working according to the social and current trends of the industry which introduced it to make use of Omni-channel marketing strategy and separate approaches or theories of it (Al Mazrouei and Krotov, 2016). According to the article and discussion conducted in the report it is understandably proven that company is totally diverted towards virtual tools and marketing actions which do not fulfils the criteria of omni-channel marketing as it is a combination of both physical and online actions. Therefore, it is highly recommended, suggested and expected that Marks and Spencer will also focus over their physical marketing channels and resources. Moreover, it is important for company to communicate same information on either of the platform, online and physical (Ladegaard, 2018). CONCLUSION The report summarises the importance and requirement of companies to evaluate the market and accordingly spread awareness for improving their brand image in the potential marketplace amongst potential audiences. Marketing process and their integration with relevant marketingpracticesarereflected.Moreover,omni-channelmarketingisdiscussedand thoroughly evaluated about how entity used them for launching their marketing campaigns and ideas.
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Liu, F. and et. al., 2017. The art of appeal in electronic commerce.Internet Research. Pilelienė,L. and Grigaliūnaitė, V., 2016. A model of website quality-based e-commerce satisfaction index.Scientific Annals of Economics and Business,63(1), pp.29-46. Smirnova, M., Rebiazina, V. and Daviy, A., 2017. Marketing in an emerging economy: The Russiane-commercemarket.InResearchHandbookofMarketinginEmerging Economies. Edward Elgar Publishing.