Impact of Social Media Marketing on Business Performance: A Case Study of Dove
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This research study explores the impact of social media marketing on the business performance and growth of Dove, Australia. Mixed methodology will be adopted for this study.
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Running head: RESEARCH IN BUSINESS Topic: Impact of social media marketing on the business performance of a product company: A case study of Dove Name of the Student: Name of the University: Author note:
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1RESEARCH IN BUSINESS Table of Contents 1.0 Problem statement.....................................................................................................................2 1.1 Research aim and objectives..................................................................................................2 2.0 Methodology..............................................................................................................................3 3.0 Secondary sources and data.......................................................................................................3 References........................................................................................................................................5
2RESEARCH IN BUSINESS 1.0 Problem statement There are many factors that have significant impacts on the business performance of a company. Among the influencing factors of the business, social media is one element that has a very prominent impact. In the modern world, social media has been influencing every aspect of people’s lives and hence, it plays a major role in consumer behavior, and the performance and growth of a business is heavily dependent on understanding consumer behavior (Hajli, 2014). This research study will explore how the social media can impact the business performance and growth of a product company. To conduct this study, Dove has been chosen as the case study company. Dove is one of the major personal care products of Unilever Australia. Although, the Unilever group indulges in extensive marketing for each of its brands, yet the social media aspect has not been yet focused much. They are still prioritizing the print and digital advertisements on television and radio. Hence, this study will focus on evaluating the impact of social media marketing on the business growth of Dove, Australia. 1.1 Research aim and objectives Theaimof this research study is to conduct an evaluation of the impact of marketing in social media, such as, Facebook, Instagram, Twitter, etc. on the business performance and growth of Dove, Australia. The researchobjectivesare: To explore the marketing strategies used by Unilever Australia for promoting Dove To evaluate the impact of social media marketing on the consumer behavior and business performance of Dove in the last three years
3RESEARCH IN BUSINESS To recommend appropriate strategies for Unilever to put more emphasis on social media marketing to increase its market size. 2.0 Methodology Mixed methodology will be adopted for this study. Thismethodology allows the researcher to collect and analyze both the primary and secondary data and apply both the qualitative and quantitative method to have a thorough research on the topic (Flick, 2015). Primary data will be collected through a survey on the consumers of Dove. An open poll on the social media will be created with 10 close ended questions and replicable scales for answering to assess their preference of the brand, their awareness about it and their perception regarding the social media campaigning of the brand. This data will be converted into numeric values and quantitative methodology will be applied to analyze the response pattern. Secondary data will be collected from industry reports and the annual reports of Unilever Australia and literature from journals to get the significant information about the growth of Dove, and its profits and revenues in the past three years, its advertising strategies and expenses. These will be evaluated using qualitative methods to compare and validate the findings from the primary data. 3.0 Secondary sources and data The secondary sources for data collection will include various peer-reviewed journals, annual reports of Unilever Australia and several industry reports focusing on the brand growth and social media marketing. Some of the article sources are:
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4RESEARCH IN BUSINESS 1)Ceicdata.com. (2018). Australia Retail Sales Growth Rate [Economic Data & Charts]. Retrieved fromhttps://www.ceicdata.com/en/indicator/australia/retail-sales-growth 2)Unilever.com. (2018). Annual Report and Accounts 2017 Highlights. Retrieved from https://www.unilever.com/investor-relations/annual-report-and-accounts/ 3)Henfrey, C., Graham, C., & Bennett, D. R. (2018). The Effects of Brand Portfolio Management on Brand Choice Behaviour. 4)Dovema.org. (2018). Annual Reports. Retrieved fromhttps://dovema.org/dove-2/annual- reports/ 5)Mendes, M. D. O. (2016).The effect of social media and celebrities on Millennials’ Consumers: the Pantene example(Doctoral dissertation). 6)Kwon,J.B.(2017).EssaysinAdvertisingMessages,MassMedia,andProduct Positioning(Doctoral dissertation). 7)Young, A. (2014).Brand media strategy: Integrated communications planning in the digital era. Springer. For analyzing the secondary data, thematic analysis under qualitative analysis method will be applied. This method will allow the researcher to choose few relevant themes or central ideas under the research topic and present the findings under those themes. This method is quite appropriate as that helps the researcher to organize the subject in a very narrowed down and precise manner (Braun, Clarke & Terry, 2014).
5RESEARCH IN BUSINESS References Braun, V., Clarke, V., & Terry, G. (2014). Thematic analysis.Qual Res Clin Health Psychol,24, 95-114. Flick, U. (2015).Introducing research methodology: A beginner's guide to doing a research project. Sage. Hajli, M. N. (2014). A study of the impact of social media on consumers.International Journal of Market Research,56(3), 387-404.