Please I ned un tip 12 :00 in 06 -04-2020 Module Title: Marketing Management
Module Leader: Terry Johnson
Assignment titles: `Expressing Ourselves`.
A 12 months Marketing Campaign Plan for Aldi
Assignment number: 2020 Cohort
Weighting: 100% of overall module grade
Date given out: January 2020
Submission date: 30th March 2020
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INDIVIDUAL REPORT
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 TASK 2............................................................................................................................................3 Marketing objectives...................................................................................................................3 TASK 3............................................................................................................................................4 Marketing Mix Plan to achieve defined marketing objectives within a time period of 12 months..........................................................................................................................................4 TASK 4............................................................................................................................................6 Proposal through which ALDI can improve levels of Customer Service as part of their `Express Ourselves` Marketing Campaign..................................................................................6 CONCLUSION................................................................................................................................8 REREFENCES................................................................................................................................9
INTRODUCTION Marketing can be defined as activities of company which undergoes to promote selling and buying the product as well as service. It is the most efficient concept that mainly including the advertising, delivering, selling the product to customer. In order to follow marketing concept which affiliated on behalf of organization. In context of fundamental level, marketing is a process of understanding about the customer demand and also building, maintaining an effective relationship with them. The report will construct the marketing TOWS for ALDI which explain the marketing audit which undertaken. It will develop the marketing objective that should be set express ourselves marketing camping over 12 month. Furthermore, it will create marketing plan that consider significant organizational goal and objective. However, it will conduct an effective proposal where how ALDI firm will improve the overall customer satisfaction level through express ourselves marketing campaign. TASK 1 Construct a marketing TOWS for ALDI and also explaining the marketing audit that have undertaken in doing. Aldi is based on the group of discount supermarket and owned by Einkauf. It is the largest super chain of physical stores which has been exits around 10,000 across 20 nations. It became popular in range of low priced product and discount (Mathias, 2019). There are wide range of products sold by aldi, which including the groceries, wine, garden item and other collections. The organization which was launched in year 1913 as food shop grew in most popularity. In order to turn into the biggest played in global marketplace. The revenue of super market has increases around 7.0% globally. TOWSisbasedonthematrixwhichmainlyexaminedtheorganization’sexternal opportunities, threat and weakness compare them to company’s strength or weakness (Xu, Bu and Fan, 2020). It is analysing the forms the basis to develop TOWS strategies. In this way, it can be developed the strategies which form the actionable tactics. Weakness and threat (WT): with increasing the price of good and service, ALDI has performed the action to retain the public image towards physical stores (Xu, Bu and Fan, 2020). In order to identify the best quality of product and service without losing customer loyalty. Furthermore, ALDI is creating the delivery product to customer location whereas 1
they will outperform major competitors. In this way, it will increase demand of product as well as service. If client have decided to buy cheaper item due to economic recession. Weakness and Opportunities (WO): Aldi has changed the process while diversifying their range of product with better quality of services. In order to increase the turnover of enterprise which directly impact on the profit margin (Tomassa and Rachmawati, 2020). Aldi has been created the new service which become popular for enhancing overall business capabilities. Sometimes, ALDI has used the strategy for cheap brand image which will create special section with exclusive item. In this way, it easily increasing the public image. Strength and Threat (ST): Aldi has used the pricing strategy whereas customer will continues purchasing Aldi item and service. In this way, it has developed the strong supplychaintoidentifyanappropriateresourcesfromsuppliers(Tomassaand Rachmawati, 2020). This will help for customer to compare product quality from another one. Sometimes, aldi has used the financial leverage and also keep maintain same level of market value, share during recession. Strength and opportunities (SO): Aldi can provide the opportunities of low price which increases turnover and also compare with other competitors. In some situation, it could bring the new good and service on the global marketplace (Xu, Bu and Fan, 2020). There are some financial leverage allowed by ALDI to handle the balance sheet and also expand the business in global world. Marketing Audit: It is based on the systematic approach that can review of marketing plan, strategies, objective and current activities which being executed in the business. The primary goal is to identifytheentireworkingcapabilitiesoforganizationandalsoanalysetheareasfor improvement(Wibowo,2020).Marketingauditcanreferascomprehensive,systematic, evaluation and other interpretation of enterprise marketing. It mainly consider both external as well as internal goal of Aldi. In order to identify the existing business performance and efficiency. In Aldi, marketing audit can be occurred into both external as well as internal environment (Xu, Bu and Fan, 2020). Porter’s five force model allows to analyse the competitive environment. 2
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Threat of New Entrants: in context of grocery enterprise, there is low threat of new entrants because of large number of barriers (Xu, Bu and Fan, 2020). In this way, Aldi has earned huge amount of profit but sometimes, they face tough competition from the other alternative. Threat of Substitution: Aldi face the issues due to threat of substitution but there is low to medium. In another way, it has more chances to increase growth rate in future. In this way, Aldi has maintained the competitive advantage in global world. Suppliers bargaining Power: In ALDI, it get more power and favourable term, where they have buy from different nations. The organization doesn’t change their supplier and take more advantages. Threat of existing Rivalry: threat from existing rivals become medium other than Aldi competitors. The organization is maintaining their position in term of competition through low cost (Xu, Bu and Fan, 2020). In order to provide the better quality of good and service. Afterwards, Aldi has been achieved the more success by using unique strategies. By using porter’s five force model, it can be analysing the competition level which help for identifying the overall business condition or situation. Sometimes, it become very difficult for understanding business activities. That’s why, it require to do marketing audit through model for identifying the current competitive status of Aldi in global marketplace. Aldi’s strategic focus on the keep improve the quality of product and service. It also possible to increase market share. Many potential customer want to best quality of product and service so that Aldi always maintain their brand value in marketplace. Aldi able to easily grab the market share from competitors. They are working on improve the strategies and achieve consumer loyalty toward industry. TASK 2 Marketing objectives. By undertaking the TOWS analysis different plan of action and objectives can be selected so that organisation performance can be improved. In addition to this, the objective that are selected for department of marketing relates with range of commodities provided by Aldi supermarket andtoutilisemonetaryresourcesinprocessofmarketingsothatbetterresultcanbe accomplished. To bring out the improvement with focussing over product quality to retain 3
customers. Also, Aldi supermarket is possessing the lack of product range that is not good to attract the large customer base. In addition to this, range of products and services must be added to company store to offer high range of commodities to target customers so that their satisfaction can be enhanced and results of profitability can be accomplished ((Thiasyura, Utami and Padmalia, 2017)). High range of commodities can be helpful to offer high range of selection criteria for customers. This kind of things can be utilised by enterprise to attract people with large needs. In the current competitive market, there are number of entities that are providing organic commodities for customers who are health conscious. This can be one of the effective way to enhance the brand recognition and brand image within enterprise. Henceforth, one of the objective for marketing department of Aldi is to make effective relationship with customers. Therefore, the chosen entity is taking steps towards to make effective and long term relations with customer by continually bringing improvement in their product and services. Thus, another objective of Aldi supermarket is to utilise financial resources in enterprise for undertaking better performance in market place ((Da Silva and Mazzon, 2016)). Thus, this can be said that Aldi supermarket needs to offer the better and effective services to the target customers. By undertaking this kind of process the organisation can gain operational efficiency to get better results in internal and external performance of the enterprise. TASK 3 Marketing Mix Plan to achieve defined marketing objectives within a time period of 12 months Marketingmixcanbedefinedasafoundationmodelforallkindsofbusiness organizations that mainly focuses around product, price, promotion, place, process, people and physical evidence. Marketing mix consist of a set of marketing tools that can be used by firms to peruse and achieve their desired marketing objectives within defined target market which is focused by the organizations.it is one of the most effective technique that can be used by 4
organizations like ALDI to promote their products and services (Da Silva and Mazzon, 2016). ALDI can use marketing mix strategy which will help them to achieve desired results and objectives within their target market. One of the most common and dominating marketing mix strategy known and is used by organizations is 7 P’s which helps organizations like ALDI to achieve their defined and desired marketing objectives within a defined time period of 12 months are as follows: Product: ALDI has various kinds of products that they have divided into variety of categories which makes it easy for the customers to select the product which is desired by them and is quite suitable for them. ALDI has categorized their products on the basis of their features, quality and price. They also filter their products as per the needs and requirements of their customers and focus on introducing new products that can fulfil their needs. In order to achieve desired marketing objectives ALDI will be introducing various kinds of benefits to their customers such as buy one get 20 percent off or providing home delivery option to the customers and many more which will help them to increase sales of their products and services(Dost and et al., 2019). Price: ALDI follows competitive pricing strategy i.e. they have set prices of their products by taking prices of the competitors into consideration. Retail industry is one such industry in which competition is maximum because of which it becomes important for organization to focuses on prices at which their competitors sells their products. However, ALDI sells their products at a bit higher price as compared to their competitors, this is mainly because of additional features and quality which is provided by them to their customers. They will provide various kinds of offers, discounts on the original prices to their customers so that they can get attracted towards their products and their sales can be increased(Matic, and et al., 2019). They can also use a strategy in which they can offer old featured products at lower prices to the customers. Promotion: ALDI uses carious kinds of multi-media challenges for production of their products and services. They focus on promoting their products through television, radio, social media networking sites and many more. With the help of these channels they can easily reach to their customers and promote all the products or services that are being offered by them. ALDI will focus on enhancing online promotion done by them and can use strategies such as search engine optimization, online advertisements and many more for promotion of their products. Place: ALDI sells their products through both online and offline marketing channels. They have bricks and motor retail stores as well as have their own website where customers can order 5
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products that are required to be purchased by them. They will focus on bringing improvement within their online portal and websites and focus on making it more user friendly and introduce ALDI shopping applications as well(Dolnicar, Grün and Leisch, 2018). This will further help them to increase their sales and customer base. Process: ALDI for time to time keeps a track of availability of all the products within its inventory so that there is no shortage of any products within their stores. They also have an online home delivery process in which all the orders are received through their computer system and on the basis of these orders delivery of the products is done. ALDI will focus on bringing innovation within their products and services in order to increase its efficiency and reduce their overall operational cost in an enhanced manner. Physical evidence: ALDI is famous for their simplest business process, global pricing and standardization(Thiasyura, Utami and Padmalia, 2017). Throughout the world they maintain same price of their products. They also provide products in different packaging so that those products can be identified by the customers easily. They will focus on collecting feedback from their customers. This will help them to understand current issues or problems faced by their customers that are required to be improved by them. People: ALDI has various employees working for them in different teams like sales team, marketingteam.Alltheemployeesareprovidedwithtrainingsothattheycanbring improvement within their performance and achieve their targets(Becker and et al., 2018). However, ALDI does not have a better customer service as compared to their customers. They will focus on bringing improvement within their customer service team so that they can provide better and much improved service to their customers. TASK 4 Proposal through which ALDI can improve levels of Customer Service as part of their `Express Ourselves` Marketing Campaign Customer service is one of the most important function of an organization which helps an organization to retain their customers in a much better manner. It helps an organization to increase overall satisfaction level of their customers as well. ALDI has a lower customer service as compared to their competitors(Kraak and et al., 2017). There are various ways that can help an organization like ALDI to enhance or bring improvement within their overall customer 6
service level. Some of the recommendations for Improvement of Customer Service for Aldi are as follows: 1.ALDI can focus on provide special training to their employees so that they can develop required skills. This will help their employees to understand their customers issues or problems. In an organization, there is effective level of need to provide the customer experience training to employee in order to generate better level of understanding of customer experience. 2.As there is more need for integration by the implication of various marketing strategies at different set level of stages to increase the customer experience in more perfect manner (Lasserre, 2017). The marketing campaign of ALDI should come up with differentiated promotion strategies in order to create level of awareness regarding the product and services the company is offering. 3.The companies should have the major level of reduction in employee churn as there is the relationship between there customer experiences and employee churn, in addition to that’s motivation in employee churn is less in order to have resolving customer issues. so the focused training instilled have their importance’s of employee in order to keep them level of motivated for the longer period of tie. 4.There should be use of proven strategies in order to bring up customer loyalist which is the pat of organizing the marketing campaign for ALDI. This have the clear inclusion of there systematic updates to respective customer through friendly email and effective newsletter. In addition to have the camping should tries to be more level personalize and share opportunity in which customer can be interested (Felix, Rauschnabel and Hinsch, 2017). This will be helpful for express ourselves campaign to be more honest along with building trust for amazing level of service to help and solve customer issue. 5.In addition to that’s there, the firm should have proper level of efforts in order to have measurements of the customer effort score which will provide motivation among the team members to have resolving issues in effective manners and exceed expectations. There can be appropriate level of key performance indicators to have helping in measuring the customer effort scores. The firm should treat customer as king then only their business will keep customers retention increase. 7
6.Thereshouldbeproperlevelofdemonstrationofexcellentproductknowledgeas comprehensive product knowledge is the considered essential part of providing the excellent customer service. This is important aspect in their world of artificial intelligences which will be helpful in self services with proper figuring out the facts at their own. Once they have escalated to a customer service call, they really need help, and they need it NOW. The form should have proper strengthening for the campaigns customer team services which is around hiring and training professionals with the implication of rights skills. In addition to that’s firm team member should have their notable skills such as the empathy and patience in order to deal in more professional way (Mustak and et.al 2016). In addition to that’s having good communication risk should be one in ore confident and positive way. 7.The campaign should try to take the advantages for the negative feedback as nobody runs the perfect business with absolute perfect customers. So, in order o have addressing there complaint or bad experience shows customers that their voices are being heard and that each individual is a valued customer. CONCLUSION Hereby, it can be concluded that marketing management termed out as organisational discipline that put the core focus on practical application of orientation, techniques and methods inside the enterprise. Thus, present report will cover the business activities of TOWS for ALDI which explain the marketing audit which undertaken. Henceforth, report has outlined the marketing objective that has expressed the marketing camping over 12 months. Furthermore, this has created the marketing plan that consider significant organizational goal and objective. Lastly, report has focused on techniques that aids to improve customer service in chosen enterprise. 8
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