This report discusses the analysis of macro and micro environment factors, potential market segment, and various digital marketing communication mediums used by Dark wood Coffee. It also reflects on the skills learned within the module.
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Integrated Digital Marketing Strategy 1
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 Analysis of Macro environment..................................................................................................3 Analysis of micro environment...................................................................................................4 Dark wood Coffee potential market segment..............................................................................5 Digital marketing communication mediums...............................................................................5 Evaluation of digital marketing mediums....................................................................................6 Reflection of the varied skills learned within module.................................................................7 CONCLUSION................................................................................................................................8 REFERENCES................................................................................................................................9 2
INTRODUCTION Advancement and development in technology have provided opportunities to enterprise to expand their business operation by making use of digital technology to attract wide range of customers. Digital marketing strategies are method related to the way brand image and business is promoted to customers through internet. Dark wood Coffee is private limited company that offers products to number of hotels, restaurants and coffee shops in order to enjoy profit margin. So, this report includes analysis of macro and micro environment factors, potential market segment and several digital marketing communications medium that are used to influence diverse individuals residing in society (Vieira,de Almeida and Arunachalam, 2019). Analysis of Macro environment Macro environment is wider terms that explained prevailing condition in the economy thus includes factors like disposable income of customers, recent trends and development, political situation and environment. Pestle analysis is a most effective tool that could be used to analysis macro environment of Dark wood Coffee. Such as: Political factor:United Kingdom due to government policy i.e., Brexit have to suffer political instabilitythat have created difficult for Dark wood Coffee to select appropriate strategy that could be fruitful or yield more outcome(Desai, 2019). Economic condition:COvid-19 has resulted in economic recession inUnited Kingdom such as high unemployment rate, low disposable income, more cost of raw material. Thus, cost of acquiring raw material has been increased for Dark wood Coffee that has negatively impacted on overall profit margin and sales volume of firm. Social factor:There are number of companies that provide coffee products to consumers so they have more alternative options to satisfy their needs. So, they want to be part of firm that offer maximum value products at reasonable rates therefore Dark wood Coffee by offering coffees at low prices can gain competitive advantages(Loonamand et.al.,2018). Technology: More use of innovative technologies or strong interconnection between people through internet, social media sites has influenced company to make use of digital media to influence customers. So, Dark wood Coffee by positing videos and image on social media, using 3
content, email marketing, official websites is able to build strong relationship with maximum number of individuals. Environmental factor:Increasing awareness among people related to sustainable management of resources has forced companies to take crucial measure to save resources so that need of customers can be fulfilled in best possible manner (Kotane, Znotina and Hushko, 2019).Dark wood Coffee in order to bring economic of scale or offer maximum value to end users have make optimum utilisation of resources. Legal factor: There are numerous laws that regulate business operation like employment law, discriminative, health and safety, equal wages to all and working hours (Company while establishing and operating its business have abide to all legal regulatory so that it can effectively achieve its goals(Papageorgiouand et.al.,2020). Analysis of micro environment Micro environment can also be termed as immediate environment that directly impact on performance,productivityandprofitabilityoforganisation.Itconsistelementssuchas competitors, suppliers, employees, shareholders, customers and several other individual hat are interest in operation of business(Carvalhosaand et.al.,2017).Therefore, SWOT model is used to analysis micro environment of Dark wood Coffee as follows: Strength:Dark wood Coffee is well known for providing qualitative coffee at minimum prices thus large number of customers wants to have its products to fulfil their needs. Company have strong supply chain and relationship with key individuals that have contributed in effective growth and expansion of business. Weakness:The biggest weakness of firm is that it has limited availability of resources and presences in global market that have created barrier in more diversification of business. Opportunity:Company has opportunity to enter into international marketbyforming joint venture or merging with local firm in order to enjoy higher profit margin and attract more customers(Sozuerand et.al.,2020). Threat:Uncertain circumstances or changes in external environment such as Covid-19, Brexit have resulted in decrease in sales volume of firm. Increasing number of competitors in United Kingdom is another threat for Dark wood Coffee so it needs to make use of differentiates, unique method to retained maximum individuals in the organisation(Hwangbo and Kim, 2019). 4
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Dark wood Coffee potential market segment Marketing manager of Dark wood Coffee have classified and segment customers on several basis in order to get right target market for growth of firm. Psychological, incomes, demographical and geographical are some of the factors that have been used by company to segmented potential customers(Hwangbo and Kim, 2019).Several factors that have been used to segment end users by company are illustrated below in more detail: Psychological Factor: These are social needs of individuals that motivate it to prefer particular brandproductsandservicesascomparedtoanothersothatitswantscanbefulfilled. Psychological Factor includes taste and preference of individuals, their interest level, family background or recent trends in market(Papageorgiouand et.al.,., 2020).Dark wood Coffee have consider all such key elements while targeting its potential market for benefit of organisation. Demographical factor:It means company have classified people on basis of their age, gender and race etc. to classify individuals that are potential customers for organisation. Therefore, through demographical segmentation company is able to segment people that are belonging to age of 1-18, 18-55 and above 55, number of males and females in society and type of social culture followed by group of individuals (Gaitniece, 2018). Geographical factor:It is another factor which has been used by Dark wood Coffee for market segmentation in order to take decision regarding the place products needs to be available so that it can be supplied or distributed to end customers. Income factor:Customers select products and services as per their income basis so company have segment people on income group basis in order to get right target market. So, Dark wood Coffee has offered products to individuals in respect to their disposable income and needs. Digital marketing communication mediums E Mail advertising: The digital Email marketing can be understood as one of the most active and new functional method of digital promotion metrics for companies to promote higher scale goals among large sections of customers and also to potentially target higher revenuescenarios(Low,UllahandLee,2020).TheEmailmarketinghasbeen understood as also as one of the new working horizons and also for creating larger productive profits under functional new position goals, where Dark Wood Coffee cafe will be able to yield focus towards gaining larger new synergy of goodwill. There are also active potentialities among new working horizons where digital marketing will be able to 5
work on new scenarios by directly promoting new working goals and also to determine larger profits.The target consumers such as young aged people, college students and coffee lovers will be able to develop stronger effective reach among wider levels, where email advertising is highly operational for new work goals and to leverage focus towards wider domains of expertise (Amankwah-Amoah, Boso,and Debrah,2018).Online advertising:The online advertising is also one of the new working horizons of promotional factors for new larger vision profits and to create larger vision for gaining large consumers reach. There is also greater use of digital marketing within online advertising where it can be understood as larger working shift positively to reach larger people, and to yield focus on developing new quest horizons widely. The Dark Wood Cafe by using online advertising and various platforms through digital marketing will be abletoattractyoungagedpeople,such asteenagersandcoffeeloversandalso functionally work towards gaining best marketing strategies forward. Online advertising is one of the best digital platform networking, for communicating among customers and also fornew workforce evocative goals enhancement which will also leverage larger goals competitive business(Zatwarnicka-Madura, Siemieniako and Sazonenka, 2019). Evaluation of digital marketing mediums The evaluation of digital marketing mediums enables us to analyse that there is high functional innovation within long diverse platforms among working avenues within business scenarios and also for keeping up with wider functional scope. The DarkWoodCafewillbe able to build new efficiency and competitive strengths within larger goals for promotional functional scenarios, which will also develop new profits in future (Dwityas, Mulyana, and Putrianti, 2020). It can be analysed in detail with focus towards working paradigms that email marketing within digital marketing has been raising as one of the most common and highly attractive parameter for great efficacy within working standards. There is also larger new quest goals found where email marketing has wide positive goals such as operational enhancement into new horizons, wider reach within target customers for promoting products and services. It is also cost effective digital standards for new working leverage profits where new horizons specialised parameters have been worked on for gaining larger goodwill among consumers. Thecafe will not only generate stronger working 6
revenue standards in future operational goals, but also keenly work towards keeping high form of diversity in varied new growth formative patterns which will promote new competitive paradigms of profits inbusiness (Bala, and Verma,2018). The online advertising is also another new functional scenario for large scale functional innovation within digital marketing to keenly bring larger goals, where dark wood coffee cafe will be able to promote larger work horizons widely. It can be also understood that there is large efficacy within customers market reach for company to progressively build wider goals specification and to yield new functional innovation for lager efficacy on wider digital promotion parameters.It has been also specifically analysed that there is also larger investments planned on where new functional advancement operations have been highly demanded and also to develop larger new training, development for all employee (Krizanova, Lăzăroiu and Moravcikova,2019).Dark Wood Coffee cafe has to plan on various parameters for larger investments within new working scenarios where digital communication channels have been actively worked on. It can be also understood that by implementing various technical instruments there will be demand grown towards new working operations, for working with strong technology standards. It will also promote higher diversity among operations for gaining stronger functional approach within digital marketing scope and fort also promoting newworking growth capacities (Herhausen, Miočević and Kleijnen,2020). Reflection of the varied skills learned within module Thereare various factors of reflective learning of varied skills while working on this report and analysing module aspects, where competitively i have also potentially also worked on wider new growth fundamentals which have broadened my workingoperators on larger goals (Cateora, Gilly and Graham, J2020). I have worked on learning of new working metrics such as larger efficacy in my business scopefor larger professional excellence further in my career and alsoinformatively there is larger workgoals formed. The module learning also developed m interests for gaining new varied scope in various subjects, marketing parameters and also to leverage wider functional phenomenon. There is also synergy worked on within my horizons to experiencehigherfunctionalscenarioswheretimemanagementskills,learning potentialities to work on researching new aspects have been widely growing on larger 7
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areas (Chaffey, 2019).I have also learnt new goals and parameters of effective digital marketing within business where the synergy to practically enhance new work goals is wide. It could be also understood that there are various larger potentialities to build keen scenarios for competencies in academic excellence and for enhanced vision formulation where there are larger goals built on (Strycharz, van Noort and Smit, 2019). I have also developed stronger writing skills and generated vision for forming new working excellence towards wider arena , to practise higher working excellence and also to leverage new fundamentals where new quest goals are larger. The module writing have made me learn larger goals of wider synergy within operations, to practically work towards gaining new scenariosfor more effective functional marketing and also to operate longer working goals into business to deploy innovation.I have also practically worked on strengthening my ideas creating expertise by working on scenarios where i have also kept focus towards generating diversity of operations and skills such as best team working skills (Sekarwinahy, Mand et.al., 2018). CONCLUSION From the above report it can be concluded that company have make best use of different digital marketing channel to influenced diverse individuals. Marketing strategies of company mostly depends upon type of market condition in which company is operating so that best outcome can be gained. At last, it can be stated that Dark wood Coffee needs to make optimum utilisation of multi- channel digital marketing to attain its objectives in limited time frame (Yoga, Korry and Yulianti, 2019) 8
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Zatwarnicka-Madura, B., Siemieniako, D., and Sazonenka, Y., 2019. Strategic and operational levelsofCSRmarketingcommunicationforsustainableorientationofa company: A case study from Bangladesh.Sustainability,11(2), p.555. 11