This report discusses the standardization and pest analysis of Tesco, along with market focus and communication strategies. It also explores the impact of political, economic, social, and technological factors on Tesco's business.
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INTERNATIONALMARKETINGAND CONSUMER BEHAVIOUR
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INTRODUCTION International marketing is the business performance where the activities ate design to price, plan promote & direct that flows the form services and goods to buyers. where as Consumer behavioral is study about the customer, individual, organisation select, use and ideas dispose that satisfy wants and needs. Tesco is one leading supermarket on UK. This report highlights the standardization and pest of the Tesco company and also highlights the market focus and communication. In this regard present report has been prepared(Xiang,Magnini and Fesenmaier, 2015). MAINBODY Section- 1 Standardization is the procedure that to developing and implementing of a technical standard which is based on consensus various parties, includes users, interest groups, firms, governments and standards organizations. PEST of Tesco Pest analysis is a tool which is used by the company to evaluate, discover organize and that track an macro-economic of a factor that can have an impact on enterprises and in the future . Such framework determines the chances and threats because of an economic, political, Technological forces and social (Carlucci and et.al., 2015). Politicalfactors-Aschangesinthepoliticalfactorsthathighlyinfluencethe performance of the organization. It includes changes in tax rate, legislation act & of course. The stability of country that operates, because of anongoing financial instability in world, Many of the government motivate the retailers to make jobs for domestic population. As Tesco use in a positive way and make employment opportunity, it helps in turn raise the demand of its diversifies its employee and its products. Hence, Such political changes have an effect on the Tesco company. Economic factors-It is one of the main factors that concern for Tesco company, as they mostly leverage the costs, profits, demand and prices(Erevelles,Fukawa and Swayne, 2016). The Tesco company always try to be aware if the changes in economic factors that can affect the finance accessibility. It is essential describe thatas the Tesco business growing internationally, where the firm still become quite dependent on UK market where 30% of market share is their.
And also the diversification and internationalization that have two strategies that is perused by Tesco organisation all over year, it is main reason for the success of the company. And if the decrease in disposable of household income and income level. In such condition Tesco gave its focus to an advertising of its valuable brands than more luxurious items. Social factors-Due to lot of changes in the social factors such tends which indicates the consumer in UK and have shifted towards the one-stop shopping and bulk shopping. Because of this Tesco company raise the number in non-food varieties and offered for sale. Such types of services and goods that is demand by the customer that is mainly influenced by their attitudes and beliefs which in turn mainly influence through the social condition(Bian and et.al., 2016.). As the consumer are generally mote aware of the health problems because of which approaches towards the food continuous changing. By adopting all such social changes by the Tesco company which accommodating the organic products demand. Technological Factors-As the advancement of the technology that bring lot of new chances for the Tesco company. It has two most distinct that include, where the introduction and development of an online shopping that provide home delivery facilities. Whereas it also provides the self-service of checkout points that ease and convenience for the consumers, which reduced the lab our cost. Additional to it Tesco company also invested an important fund on energy of an efficiency projects that fulfill for a long period objective which decline Tesco carbon Footprint(Rödiger and Hamm, 2015.). Hence, adoption of such technology factors by the Tesco company that helps the company for the development its business at international level. Section- 2 Market Focus Segmentation-Tesco segment its consumer according to its loyalty and by various kinds of different products. Where segmentation divide kinds of its consumer into geographic, categories, physiography, demographic and behavioral, that may require a separate or mixed marketing strategy. For an effective segmentation it can be accessible, measurable, substantial, actionable and differential. Such as geographical segmentation where it divides the market into various geographical units such as states, nations, regions, neighborhoods or cities. Second is an geographical segmentation- which divide the groups that is based on age, family size, education, religion nationality(Hofacker, Malthouse and Sultan, 2016).
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Targeting-It is the process of an actually that determine the planning and select markets that advertise the media that is used through a segment appealing. It is a targeting changing environment. Tesco uses the online marketing to increase the sale of the products if the company. It uses the online marketing or advertising the products so that it can be reach the overall business market in the UK. Because of this all people in the business market are to be aware about the Tesco products which can increase the sale of the products.Whereas the behavioral targeting is the change of the product and also optimization of a data collection and online advertising that send a message for a potential segment(Carlucci and et.al., 2015). It is based on small collection of information by the consumer and sold to the business that is to analyses the potential segment. Positioning-it is the final stage of the STP where it mainly focuses on the customer where they view how the customer can be view their products or services with the comparison of the competitors. Here the Tesco company try to make the position of the company product on thr mind of the customer after finding the needs and wants of the customer and what they prefer, by analyzing it properly, the company positioning the market by establishing the identity or image of the products or brand so that the consumer can perceive in certain source, which make the consumer to be more attract towards the product and hence change the consumer buying behaviour towards the Tesco products(Erevelles, Fukawa and Swayne, 2016). Communication strategy TESCO uses a variety of marketing strategies which eventually help them to attract the large number of customers and thus in capturing the greater market share by establishing their position. One of the most important strategy which the company uses is the E mail marketing. This is basically the marketing strategy in which the company sends the personalized messages as well as the emails regarding their products and services, The various offers as well as the cashback which they release on their products are sent to their target consumers through the use of mails. This at the end helps TESCO to gain competitive advantage and thus take their brand message to wider audience(Bian and et.al., 2016.). Another marketing strategy used by TESCO is Search engine optimization in which the company optimizes their website with the aim to appear on the top page of the search engine. TESCO designs their website in such a way that makes it consistent for the customers to search the various attributes of products as well as
services on their website. Through this optimization, TESCO is able to entice the customers and thus establish their position in the marketplace(Rödiger and Hamm, 2015.). CONCLUSION From the above study it is concluded that standardization is very essential for the company to an implement and developing the technical standard that can help the organisation to increase in the productivity of the Tesco and also concluded that pest analysis which help the company to overcome from the changes in political, social, economic, technical this help the organisation to increase the productivity and sale of the company at the international marketing.
REFERENCES Books and journals Xiang, Z., Magnini, V.P. and Fesenmaier, D.R., 2015. Information technology and consumer behavior in travel and tourism: Insights from travel planning using the internet. Journal of Retailing and Consumer Services. 22. pp.244-249. Carlucci, D., and et.al., 2015. Consumer purchasing behaviour towards fish and seafood products. Patterns and insights from a sample of international studies. Appetite. 84. pp.212-227. Erevelles,S.,Fukawa, N.and Swayne,L.,2016. BigDataconsumeranalyticsandthe transformation of marketing. Journal of Business Research. 69(2). pp.897-904. Bian, X., and et.al., 2016. New insights into unethical counterfeit consumption. Journal of Business Research. 69(10). pp.4249-4258. Rödiger, M. and Hamm, U., 2015. How are organic food prices affecting consumer behaviour? A review. Food Quality and Preference. 43. pp.10-20. Hofacker, C.F., Malthouse, E.C. and Sultan, F., 2016. Big data and consumer behavior: Imminent opportunities. Journal of Consumer Marketing. 33(2). pp.89-97. 1