International Marketing Management Comparative Brand Analysis
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This report compares the marketing management of Amazon and WalMart, focusing on their business and brand strategy, marketing mix, brand identity, positioning, and brand equity.
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International marketing management comparative brand analysis
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TABLE OF CONTENTS Contents INTRODUCTION...........................................................................................................................1 MAIN BODY..................................................................................................................................1 CONCLUSION................................................................................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION This report is on the comparison of the marketing management of the Amazon and Wal- Mart. Both are multinational company having different marketing management and are success in the industry (International Marketing – Introduction,2021). The comparative analysis is done ontheirbusinessandbrandstrategy,marketingmix,brandidentity,brandexpression, positioning, promise, personality and brand equity of their management. MAIN BODY HeadingsAmazonWal-Mart Business strategyThevisionstatementofthe Amazonistobecomethe worldcustomercentric company. Their mission is by doing the great efforts for the customers by offering them at the lowest possible price with the convenience and the best availability of selection. Their objectiveistocaterthe customer base from all over the world. The mission statement of the Wal-Mart is to save the money of the people for their better living. Their vision statement is – for the busy family make theireverydayeasier.Their objectiveistoprovidethe food and other products safely and at affordable price to the people around the world. Brand strategyThe brand strategy use by the Amazonistokeeptheir customers review as same as boththepositiveandthe negative that helps others at the time of the purchase and keeployalwiththeir customersbyprovidingthe productsattheaffordable price. Wal-Mart brand strategy is to provide the goods at the low costbysatisfyingthe customer’s services by giving them the variety of the goods at the convenient time and the location.Itgivesboththe valueandthelowprice productstothecustomers (Patrick, 2019.). Marketing mixProducts: Amazon hasProduct:Itprovided 1
widevarietyofthe products, it also sells groceries, books seller andalsoservesthe digital services from it ecommerceplatform (Lim,Pham,and Heinrichs, 2020). ï‚·Price: it uses the low pricingstrategiesto attract the customers. ï‚·Promotion: it promoted itsproductthrough advertising,sales promotion,public relationsanddirect marketing. ï‚·Place:itsellsits productsfromthe ecommerce website. widevarietyof productsinalmost everycategoryina large quantity. ï‚·Price:itspricing strategyiscustomer friendly and focuses on thebulksaleforthe maximisationofthe sale. ï‚·Promotion: it promoted itproductsfrequently withthepromotional activitiesofthe discount prevail across all the sessions. ï‚·Place:itsellsits productsfromthe stores as well as from theecommerce platforms. Brand identityAmazoncreatesallofits productsorservicesinthe same brand value the creates the same quality, services and the value. It brand identity is createdwith thebest online shoppingexperiencestothe customers.Amazonmainly focuses on the two elements that are customer satisfaction The brand identity of the Wal- Mart is like a pair of the jeans that gives the perfect fir and thecomfortabletotheir customers,suppliersandthe associates.Justlikeajeans that by wearing fells relaxed and friendly company identity istobethesameforthe customers. 2
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andoperationalprudence (Nikhashemi,andValaei, 2018). Brand expressionBy offering the products in the market that is convenient to all the class groups and with the effective promoting strategies used that creates the different imageinthemindofthe customers. By offering the products at the low cost and easily convenient tothecustomerswiththe effectivepricingstrategy.It creates the different image in the mind of the consumer by providing the quality products at a low price. Brand positioningAmazonusesthemulti- segment,adaptiveandthe anticipatorypositioning strategiesinthebusiness according to the market area. Byofferingthelowcost productswiththeeffective strategies on the discount to the customers. Forthepricesensitive customers who want to spend lowandwantthebest products Wal-Mart helps them to be smart and live the better life and it’s an easy with the fast shopping experience. As its tag line compliments to its positioning. Brand promiseBrand promise of the Amazon is to deliver the wide selection intheproductsandthe servicesatthelowcostby minimising the inconvenience. Bydeliveringtheproduct throughtheecommerce platforms that is convenient to the large audience (Beverland, 2021). ThepromisetheWal-Mart gives by combing the low cost withtheemotionalbenefits andbyofferingthebetter qualityof thelifeand easy accessibility.Withthelow cost product the middle class sector is also influenced and gets better life and the quality of products. Brand personalityAmazonbrandpersonalityWal-Mart brand personality is 3
reflects the reliability, caring, sincerity and the competence. Itistheoneofthemost trusted brand that delivers the qualityproductswiththe sincerity, supported with the change in the industry, have theshippingandthereturn policy and the accessibility of the exceptional products. tomakesurethatallthe communicationtraitsare consistent with the personality traits. Its personality reflects tobethereal,innovative, straightforwardandthe positive. Wal-Mart creates to welcome the families with the hometown warmth. Company will be real, down to earth and theapproachabletotheir customer(Casidy,Prentice, andWymer,2019).Itis innovativeandtheforward looking that is for the effective of the customer and they are straightforward that is upfront tothecustomerandhave positiveattitudestowards everything. Brand equityThebrandequityofthe Amazonisriseshavinga global brand that stood by the 415.9billionU.S.dollar. According to brand value the Amazon is ranking in the top 5 intheworldwide.Withthe effectiveuserexperiences, whicharesupportedbythe customerserviceandthe communicationprovesit The brand equity of the Wal- Mart is increasing and valued totheapproximately92.3 billionU.S.dollarthatis increased constantly with the effectivebrandingstrategies usedbythecompany.Its customersaresatisfiedwith the brand as its pricing policy and gives the quality of the lifeimprovestheconsumer 4
possibletogivethebest valuestothecustomer’s perception towards the brand (Wang,Chang,andChen, 2021). perception towards the brand and uses its products on the regular basis and became the loyal customer. Brand sustainabilityAmazon is planning to reaches at the zero carbon emissions at by the year 2040 and also on thepathtooperateinthe renewable energy by the end of2025.Toprotectthe environment Amazon ordered the100000electricvehicles for the delivery. The sustainability for the Wal- Mart is going on from more than 15 years by collaborating to drive the positive impacts onthesupplychains.Its effortstowardsthe sustainability is for the people andenvironmenttoreduces the waste and emissions and sellingthesustainable products to protect the nature. Brand managementThe brand management of the Amazon is effective and the efficientthatleadsthe company to positioned itself under the top 5 company that creates the best equity over the world. The brand management of the Amazon is effective that caters the wide variety of the productsinasinglee commerce platform and have tohandleiteffectivelyis tough task and Amazon do it effectively. TheWal-Martbrand management is effective that enhances its equity with the positioningstrategyby providing the quality products at the low cost and creates the valuetothecustomersby providing the better quality of life (Patrick, 2019). 5
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CONCLUSION From the report it concluded that for the international marketing management the brand strategy, business strategy, brand equity, personality, marketing mix, identity, its expressing, positioning, sustainability, management is required and the multinational company like Amazon and the Wal-Mart uses these elements effectively to get success. 6
REFERENCES Journals and books Beverland, M., 2021.Brand management: Co-creating meaningful brands. Sage. Casidy, R., Prentice, C. and Wymer, W., 2019. The effectsof brand identityon brand performance in the service sector.Journal of Strategic Marketing.27(8). pp.651-665. Lim, J.S., Pham, P. and Heinrichs, J.H., 2020. Impact of social media activity outcomes on brand equity.Journal of Product & Brand Management. Nikhashemi, S.R. and Valaei, N., 2018. The chain of effects from brand personality and functional congruity to stages of brand loyalty.Asia Pacific Journal of Marketing and Logistics. Patrick, V. ed., 2019.Brand Strategy. SAGE. Wang, C.C., Chang, S.C. and Chen, P.Y., 2021. The Brand Sustainability Obstacle: Viewpoint Incompatibility and Consumer Boycott.Sustainability.13(9). p.5174. Online references InternationalMarketing–Introduction,2021.[Online].Availablethrough< https://www.tutorialspoint.com/international_marketing/international_marketing_introd uction.htm>. [Accessed on 22 May, 2021] 7