This report discusses the marketing communication plan for Tesco, individual role and contribution in development of plan, reflection on team plan, performance and individual learning, and theories and concepts of marketing communication.
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Contents Introduction.........................................................................................................................................3 Main body............................................................................................................................................3 Marketing communication plan.....................................................................................................3 Role and contribution in development of plan..............................................................................7 Reflection on team plan, performance and individual learning...................................................7 Theories and concepts of marketing communication....................................................................8 Conclusion............................................................................................................................................8 References............................................................................................................................................9
Introduction The marketing communication is technique which company and business individual make use for conveying promotional messages regarding the products and services. In organisation marketing communication is important for increasing the sales volume by persuasive, informative and positive messages. It offers new evidences by inspiring messages about product and services. The marketing is considered as essential functional area of business which includes communication and promotion of offerings that helps in attracting and retaining of potential customers (Andrei, A.G., and et. al., 2017). The marketing communicationisdescribedasallmediaandmessageswhichcompanydeploysfor facilitating communicate in market. It has two goals: first, to build and maintain demand, and second, to position the product in the minds of target buyers by using communication methods. The report is based on Tesco. It covers the marketing communication plan, individual role and contribution in development of plan. Further, the report will involve reflection on team plan, performance and individual learning along with some theories and concepts of marketing communication. Main body Marketing communication plan This defines to strategy for notifying the target customer viewers regarding the product and services. The organisation take use of this in directive to influence the targeted areas and market by having effective communication with its clients so as to help them in uphold strong relation between customs and target market by promotion and advertisement of productswithappropriatechannelsandmediums.Withthesupportofconsumers,a marketing communication strategy is used to establish a strategy through which targeted customers can be linked and a proper investment with correct resource distribution can be analysed (Bast, J., 2021). It assists in maintaining a distinctive selling proposition for clients as well as meeting their demands in the market through numerous channels and mediums such as online advertising, direct marketing, events, traditional marketing practises, and many more. With the help of SOSTAC model the marketing communication plan is developed which involves several factors. Situational analysis
This method is used by mangers for analysing the organisation internal and external environment so that there can be understanding of organisation capabilities customers and business environment. It involves the analysis of PESTEL framework for determining external factors which have affect on organisation working. Political-This is associated with the political environment of state in which it has its operations. It involves the factors of tax rates, political stability, unemployment rate. The financial instability in world, government encourage retailers for generating job opportunities and increases demand for its products and diversifies it workforce. Economic- The leverage cost, demand and profit are main factors for Tesco which ensures the business to be alert of any changes in policies like taxation or any other factors affecting accessibility of finance (Bhengu, N. and Chiweshe, N., 2019). Social- The social changes, trends indicate customer in UK is moving towards bulk shopping and one-stop shopping. The Tesco has increased number of non-food items that is obtainable for sale and necessitated by consumers by influencing their beliefs & attitudes. Technological-The Tesco has got several opportunities through advancements in technology. There is development and introduction of online shopping facilities for its consumers and self-service checkout points is provided for convenience and ease for customers. Environmental- This is related to the factors of ecological which involves weather condition, climatic etc and Tesco is committed towards reducing of its carbon footprint by adopting several ways of operations. It is also minimizing the waste formed in stores by increase of social conscience in customers (Kim, S.H. and Lee, S.A., 2020). Legal-Thereisdirectimpactofgovernmentpoliciesandregulationsonthe performance of Tesco. The company is required to follow several legal laws for employees and company safety. Objectives The company set goals by using SMART objectives which is refers to smart, measurable, attainable, relevance and time frame. The objective of Tesco is to become leading supermarket by offering of its quality services and products at low cost as they are cheaper than their competitors which can be measured by attracting more customer leading to
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customer satisfaction (Kusumasondjaja, S., 2018). It can be attained by using of quality raw materials nad several promotional techniques. The timeframe is long term. Strategy This involves the analysis of STP which comprises element of segmentation, targeting and positioning. Segmentation-It is process which involves grouping audience based on common characteristics involving geographical, demographic, behavioural and psychographic. The Tesco will segment its target audience based on the demographics characteristics thatinvolvesage,genderandincomeetc.Itisalsosegmentedon retailand departmental stores (Ozanne, and et.al., 2020). Targeting- This is described as procedure of targeting particular audience from big population. The company will target to middle class and premium class households. Positioning-This is procedure where company tries to positions itself in people minds. For positioning the Company will take use of digital medium & technologies such as email marketing, social media. It is retail store which help customers in getting their daily needs and offers quality products. Tactics This involves the marketing communication tools which defines to set of tools that are designated with task for communicating with target audience in order to achieve aims. The Tesco will take use of following tools for attaining the objectives. Social media- The organisation is allowed to engage with the audience along with this information is provided about the offerings. this involves take use of several social media channels such as Twitter, Instagram, Facebook etc. which are valuable tools that will create awareness for customers regarding the product and services (Sydney-Hilton, E. and Vila-Lopez, N., 2019). Direct mail and catalogues- The online presence and increase of digital world, helps in generating leads through direct mail along with offer benefit of online marketing. the high response is generated and used for attracting large base of customers for increasing sales. Action plan
The company will take use of Gantt chart which is a graphival representation of project schedule. The action plan helps in outlining actions which is needed for reaching one or more goals. The company is required to follow several steps in order to its performance by defining its goals and steps to be followed then tasks are prioritized and deadlines are added by setting milestones (Valos, and et. al., 2017). After that company will identify the resources and visualize action plan by monitoring, evaluating and updating. This is in kind of bar chart which shows the start and end dates of several elements of project that involves task, dependencies,resourcesetc.TheGanttchartispreparedincontexttomarketing communication plan – Controlling
It is a procedure in which the project's job and metric are monitored to verify that it is within budget, time, and scope, with the least amount of risk possible. It is the process of regularly monitoring the plan's performance. In the case of Tesco it will employ key performance indicators to help measure and track the achievement of the quantified goals. Conversions will be used as the KPI for social media by the organisation (Vyas, M. and Panesar, A., 2019). The conversion rates will be the KPI for emails so that tracking may be done. The conversion rates will aid in determining the strategy's true progress. Role and contribution in development of plan The contribution in the development of marketing communication plan helped lot. Bu developing the effective marketing communication plan it helped in knowing the strategies and tactics that a company can adopt for moving its products, services and ideas from manufactures to end users by building of effective relationship with the customers, prospects and other important stakeholders in company. The individual contributed in development of plan by making extensive research on the company. Through this it helped in knowing several factors which can affect company performance and operations. This contribution helpedindividualindevelopmentofitsknowledge,andseveralskills,abilities.The marketingcommunicationplanintegratesthemarketresearch,audiencesegmentation, strategic planning, marketing channel selection and several other features in directive to attain the extreme influence of the marketing by having effective contribution of individual and team in development of plan. Reflection on team plan, performance and individual learning From the above marketing communication plan, it helped me in learning performance and team working, by making effective plan I was capable to work in team by creating which leads to enhancement of my performance. The development of plan also developed my learning and knowledge in respect to the marketing communication as it is very essential for any company in order to communicate its product and services to its target market. With the plan it also helped me in knowing strategies and promotional tools that will help company in its growth. There is also development of my skills and capabilities which can be used for effective development of marketing plan leading to improvement in my performance. The team members are encouraged for having effective thinking.
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Theories and concepts of marketing communication The AIDA model is used in marketing throughout the procedure of acquiring any product or service. This model is usually used in digital marketing, sales strategies and public relation campaigns etc. The AIDA model stands for attention, interest, desire and action which is as followed in context to Tesco. Attention- In marketing it is first step which have focus on how to attract the attention of consumers. The company in context to Tesco, will create the campaign for its products prior to launch, promoting awards, qualification etc and reinforce through direct marketing campaign to target customers groups. Interest- In this business starts working on increasing potential customer interest level by making consumer aware the product or services. The Tesco will execute the direct mail campaign for its product that is offered to customers (Xu, and et.al., 2017.). Desire-In this stage the goal is developed for making consumers desire which moves their mindset after consumer is interested in product or service of Tesco. It will launch several events which can be advertised through local press and social media. Action-The eventual goal is to determine the receiver of marketing campaign for recruit action and acquisition of product or service. Conclusion It has been concluded from the above that, marketing communication is an effective mediumfor maintaininga connectionwith targetedclientsas well asallocatingand connecting with business relationships in the marketing sector. Communication strategy refers to the techniques by which all types of clients can be connected and targeted with certain items, which can be done through digital channels such as Facebook, Instagram, email marketing, and advertisements, among others. Furthermore, it is determined that in order to collect funds and maintain control and monitoring of those funds, they employ the use of a KPI benchmarking tool. The development of marketing communication plan helped in formulating several strategies for communicating the company products. moreover, the reflection is provide on the team plan, performance and individual learning along with the contribution in developing effective plan.
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