Role, Impact and Issues of Internet Marketing on Marks & Spencer
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This study investigates the role, impact and issues of internet marketing as a promotional tool on Marks & Spencer. It evaluates the opportunities provided by internet marketing, potential impact, and issues faced by Marks & Spencer from marketing/digital marketing and consumer behaviour perspective.
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Introduction......................................................................................................................................1 Research aim..........................................................................................................................1 Research objectives................................................................................................................1 Research questions.................................................................................................................1 Research background..............................................................................................................1 Research rationale..................................................................................................................3 Research outline.....................................................................................................................3 Literature Review.............................................................................................................................4 Opportunities provided by internet marketing to Marks & Spencer......................................4 Potential impact of internet marketing it has as a promotional tool on Marks & Spencer.....5 Recognise some issues from marketing/digital marketing and consumer behaviour perspective regarding internet marketing faced by Marks & Spencer......................................................6 Methodology....................................................................................................................................7 Research philosophy...............................................................................................................7 Research approach..................................................................................................................8 Research strategy....................................................................................................................8 Research choice......................................................................................................................8 Research time horizon............................................................................................................9 Research techniques and procedures......................................................................................9 Research and findings....................................................................................................................10 Data analysis, interpretation and presentation......................................................................10 Conclusion and recommendations.................................................................................................11 References......................................................................................................................................13
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Introduction Research aim To investigate the role, impact and issues of internet marketing as the promotional tool – A study on Marks & Spencer Research objectives To evaluate the opportunities provided by internet marketing to Marks & Spencer To determine the potential impact of internet marketing it has as a promotional tool on Marks & Spencer Toexaminetherecognitionof someissuesfrommarketing/digitalmarketingand consumer behaviour perspective regarding internet marketing faced by Marks & Spencer Research questions What are the opportunities provided by internet marketing to Marks & Spencer? What is the potential impact of internet marketing it has as a promotional tool on Marks & Spencer? Whataresomeoftheissuesfrommarketing/digitalmarketingandconsumerbehaviour perspective regarding internet marketing faced by Marks & Spencer? Research background Research Overview The current research is all about internet marketing. It is defined as the approaches and strategies which are used in the marketing of different products and services in an online manner with the help of digital medium. This includes the several types of online platforms and tools along with the content delivery systems with the help of which the internet marketing facilitates the organization to promote their products and services globally. Such platforms include the website content and design along with the email marketing and social media or many more. Social media marketing is one of the best examples of internet marketing which is used for the rapid growth of the business and maximum use tool of internet marketing. There are different types of internet marketing such as influencer marketing and affiliate marketing along with search engine optimization and many more. It is important to adopt for good promotion and advertising because it supports in driving more qualified traffic across the internet(Hanson and Kalyanam, 2020). 1
Company Background Organization chosen for the current research on internet marketing is Marks and Spencer. It is one of the leading international retail companies which has the domain under the United kingdom fashion industry. It is headquartered in London and established in 1884. It basically deals with the products and services in the specialization of selling clothing and home products along with the food products as well. This is the organization which is considered as the long standing institution which is evolving continuously over the years. Initially it was well known for the clothes and home products but now it is also known for the great food as well. It has a net income of 27.4 million euros in recent years. Company has stated its purpose that is to enhance the lines each and every day of an individual by serving them in a potential manner by fulfilling the needs and requirements of people. Factors contributed to the popularity of internet marketing There are various factors which have contributed to the popularity of internet marketing. These factors include the alignment of objectives of company in terms of its products and servicing along with the communication system in an effective manner with the potential customers. Moreover changing technology and changing consumer demands with the changing of trends and channels of communication has highly impacted the internet marketing in a positive manner. There are other factors also with highly affects the internet marketing such as a perception of marketing which benefits the internet technologies in regards of the ease of use and affordability. moreover attitude and usefulness of internet technologies along with the customer pressure and competitive intensity are all the factors which affects the internet marketing which is also followed by the type of entrepreneurship followed within organization(Grubor and Jakša, 2018). Changing nature of internet marketing Changing nature of internet marketing has various components which describes the modifications and upgrades the internet marketing took in the recent years. For example search engine optimisation was having the nature before 5 years has now modified to its strategic elements and features is providing to the companies. Google analytics has changed its algorithm and it is updated to the more complex one for better eating out the leads. Previously the limited channels of internet marketing and wherein the operations but now there are a number of options the company can refer for the marketing. now the company can use multiple platforms for 2
internet marketing for better expansion and growth. Internet is now facilitating the business to escape the risk and lowering the cost of owning the physical shop. Advanced technology is used in the changing nature of internet marketing such as the virtual reality and artificial intelligence (Kumar, 2020). Challenges of internet marketing Some of the challenges of internet marketing are such that companies usually receive the negative feedbacks and reviews which affects the brand image and reputation in the marketplace. It has resulted in the global competition which requires different skills and training that results in the expensive mode of internet marketing. It is totally depending on the technology and time consuming process. Moreover security and privacy issues are the major challenges because cybercrime and hackers majorly conducts unethical activities in order to steal money or for the personal misuse of the internet(Dilham, Sofiyah and Muda, 2018). Research rationale The research rationally is based on the research scope which is dependent on the current research undertaken benefits the organization and the investigator itself. The current research is based on the Internet marketing which benefits the organization in investigating the opportunities and different issues related with the Internet marketing and also the impact off Internet marketing which can have won the companies. Moreover this has helped though investigator to enhance the skills of research and computing technologies for better data analysis and presentation of it (Ahmadjanovna and Makhmudovna, 2020). Research outline Discussion is based on the teams and objectives off the research which is related on the Internet marketing and the study on the Marks and Spencer associated with the research topic. The following research covers the different chapters of research which includes the literature review and research methodology along with research and findings and a proper conclusion and recommendations. Literature review covers the objectives such as the opportunities provided by Internet marketing to Marks and Spencer, potential impact of Internet marketing it has as a promotional tool on Marks and Spencer and recognising some issues related to digital marketing and consumer behaviour perspective regarding Internet marketing faced by Marks and Spencer. 3
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Literature Review Opportunities provided by internet marketing to Marks & Spencer Loyalty is one of the opportunity provided by Internet marketing to Marks and Spencer. This is the cause read it marketing how’s the ability to retain the customers within the ecosystem of the company which enhances the interaction with the customers and leads to the loyalty in terms of products and brand. It provides the instant feedback system from the customers and also from the company results in the proper servicing to the customers in terms of the products and services which ultimately results in the brand loyalty. Product relationship management is an anotheropportunitywhichisprovidedtoMarksandSpencer.Thisisbecauseithelps understanding the product feature moreover the Internet and makes the life style better in order to manage the messaging to the customers which is based on the usage of the product and other context to the information(Trengove, 2021). Internet marketing provides the content marketing as well which attracts the customers towards the brand and provides the opportunity to interact with the customers by managing the product with good content and servicing to the customers. Market research is also one of the opportunity provided by Internet marketing to Marks and Spencer. This is because it facilitates interesting though product usage which is based on the behaviour of the customer and also provides the data which improves the development of the product. This is the function which mostly happens in the private research for example the outdoor media analytics in order to expose better outdoor media. New customer experiences is also an another opportunity provided by Internet marketing to Marks and Spencer. Previously the Internet marketing was simply of finding out the information about the products and services and ordering and receiving the product as per the needs and requirements available on the website of the company. But now the customer can easily compare the prices from different brands and can make their choices and decisions about the product they have to buy(Liu, Zhang-Zhang and Ghauri, 2020). This relates with the Internet marketing because it includes the content attraction and the layout of the website which is used by the customer in a very simple and easy manner. This is the opportunity that is not limited to the local areas but also it helps in the global marketing across different nations for better reach out of the customers in order to get the better growth and expansion to the company. Internet marketing provides the opportunity to operate the search engine optimization which ranks the website of the company on the top of the search results 4
which also results in the faster in the real time customer service by the company. There are different advanced technologies which help in providing the opportunities in terms of Internet marketing such as virtual reality and artificial intelligence along with the Internet of Things and many more. All such opportunities has adopted by the Marks and Spencer which has helped the company in being successful in today’s date(Khurramov and Fayzieva, 2020). Potential impact of internet marketing it has as a promotional tool on Marks & Spencer There are various potential impact of Internet marketing which has as a promotional tool on Marks and Spencer. One of the most major impact is such that it has facilitated the Marks and Spencer with finding out the customers which they have never encountered otherwise with the help of search engine optimization. This is the positive impact of Internet marketing on Marks and Spencer. Previously the company was only promoting themselves on a local basis but if they are known to the search engine optimization tool of Internet marketing then they can market their products on a global basis with the expanded reaching out to the customers. Another major impact that has helped the Marks and Spencer to understand that what channels support them to drive sales for the company(Halunko, Kurkova and Oksin, 2018). Marks and Spencer has used almost all the tools and platforms of Internet marketing and therefore they can now analyse and determine the suitable channel which can drive their sales in a large number for the company which ultimately increased their productivity and brand image as well. This is considered as a positive impact of Internet marketing that has facilitated the Marks and Spencer to grow and expand along with the loyalty and improvement in goodwill within industry. Strategic communication of the message which supports in better contact with both the current and the prospective customers of Marks and Spencer is also the positive impact of Internet marketing as a promotional tool on the company. Internet and communication technology is the subset of Internet marketing which supports in the systematic and proper communication flow among the different stakeholders of the company which includes the employees and employers along with the competitors and customers and also the vendors or suppliers of the company. This interaction and communication among all the stakeholders created the positive impact on Marks and Spencer with proper feedback system and enhancement intheentiresupplychainmanagementofthecompany(Zitkiene,Gircys,Zitkeand Bartuseviciene, 2021). 5
There are some other positive impact of Internet marketing on Marks and Spencer which includes the establishment of global presence in an online manner. Internet marketing is spread all over the world and almost every person who are the technology free use the Internet and reviews the promoted product and services by the brands and local companies as well. Marks and Spencer has grabbed this opportunity and gain the benefit from the digital marketing tools and platforms and started promoting its product and services internationally. This has not only increased the large number of sales to the company but also the brand loyalty all over the world. Marks and Spencer can now personalise its brand and control its messaging system which is the positive impact of Internet marketing because it provides different tools and platforms which allows to target the customers and core audiences to influence them to buy products and services from the brand. Moreover it also provides value to the customers and also to showcase the content which matters and connects them emotionally and physically(Shams, 2019). Recognise some issues from marketing/digital marketing and consumer behaviour perspective regarding internet marketing faced by Marks & Spencer There are various issues regarding digital marketing and consumer behaviour perspective in terms of Internet marketing which has faced by Marks and Spencer. Fake followers and likes on the post off Marks and Spencer is one of the issue which pays $50 for 10,000 followers. This is an unethical act because the customers reviews the followers and likes on the brand to make purchase so that they can judge the trustworthiness of the brand. High saturation rate is also an another issue faced by Marks and Spencer and this is done where brands use the same Internet marketing on a regular basis. Regular using of the same strategies on a regular basis results in the decrement in the customers because they always want something new for the every time purchase therefore unique selling proposition needs to be updated on a frequent basis. Another issue is the non disclosure of sponsorship. According to the research it has been investigated that there are 28% of influencers who were asked by the companies that they should not to disclose their connections to the brands. Marketing advertising issues are also the issues which are faced by the Marks and Spencer due to the payment and content delivered by the company. This is because advertisement always needs the attractive content and good payment to the platform. This has resulted in the less productive nature of internet marketing which has led to the generation of several issues to marks and spencer(Altobelli and Sander, 2018). 6
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Communication issues are also the issues which are faced by the company in terms of internet marketing. This is because initially the feedback system was not much as effective. Therefore the company is working on its interaction strategy among various stakeholders and is progressing in terms of mitigating the communication issues. Lack of market research is also the issue which is referred to by Marks and Spencer. This is because data analysis and interpretation was lacking within the company which has resulted in the poor decision-making and led to the lower productivity of the company. Therefore it has been analyzed that market research is an important aspect to mitigate such issues(Altobelli and Sander, 2018). There are various factors which influence consumer purchase behavior in the market. Psychological factor is one of the factors which includes the motivation and perception along with the learning and attitudes or beliefs of the customers towards the brand and its products. Social factors are another factor which includes the family and reference groups along with the roles and status of the customer which they analyze before purchasing from the company. Cultural factors are also one of the factors which includes the culture and subculture along with the social class of the customers which highly impacts the purchasing behavior of the customers. Personal factors are also another factor which includes the age and income along with the occupation and lifestyle of the customer which fluctuates the decision behavior of the customer before making the purchase. Economic factors is also one of the factors of consumer behavior which includes the personal income and family income along with the consumer credit and liquid assets along with the savings of the customers which highly affects the purchasing behaviour of the customers(Bala and Verma, 2018). Methodology Research philosophy Research philosophy refers to the different set of principles which concerns the several worldview from the point of which the researches conducted. Research philosophy is usually studied in terms of the ontology and epistemology. Ontology is defined as the authenticity of the data which is used and the way one understands its existence. Epistemology is defined as the validity of the data which is used and required to conduct the research and how an individual can obtain it. These are the philosophy positions which are used in the academic studies and are divided into positivism and interpretivism. Positivism is defined as the knowledge which is 7
independent off the research topic whereas the interpretivism is defined as the observation by an individual in terms of their own perception and understanding of the reality. Positivism is a study which is scientific in nature and interpretivism is a study which is qualitative in nature. The current study uses the positivism type of research philosophy(Snyder, 2019). Research approach There are two types of research approach which is studied in the current investigation that is the deductive approach and inductive approach. The deductive approach refers to the specific development of hypothesis which is dependent on the literature review which is observed by the investigator. This is the approach which try to test the hypothesis and holds in the particular context of research topic. Inductive approach refers to the observations which is done by the investigator in order to create the new theory. The current research uses the deductive approach which is based on observation and testing the existing hypothesis in terms of the research topic (Kumar, 2018). Research strategy There are several kinds of research strategies which are used by the investigator to conduct different types of research as per the needs and requirements of its aims and objectives. It includes the action research and experimental research along with the interviews and surveys which is also followed by the case study research and also the systematic literature review. Research strategy is chosen on the requirement of data and information which is based on the research and purpose of the current study. The current research uses the case study research or a systematic literature review on Marks and Spencer in terms of Internet marketing(Pandey and Pandey, 2021). Research choice There are three research choices which are suggested by the research methodology which can be used while preparing the current research. Mono method is one of the choice in which only one type of research can be used that is either quantitative or qualitative. Mixed method is an another choice in which both the type of research can be used. Multi method is also an another choice in which more than two research types can be used as per the needs and requirements of the research. The current research uses the mixed method in which both the 8
types of research are used that is quantitative and qualitative in the form of literature review and facts and figures(Nayak and Singh, 2021). Research time horizon Research time horizon is defined as the particular time frame which is taken by the investigator to conduct the entire research on the research topic. There are two types of time horizon which can be used by the researcher that is the cross sectional and longitudinal. The cross sectional study is used when all the observations takes the short period of time that is a single point of time. Longitudinal study has the observations for a longer period of time that are for the several years and quarters along with the month and days as well. The current research uses the cross sectional study that is the short time while conducting the entire research (Zangirolami-Raimundo, Echeimberg and Leone, 2018). Research techniques and procedures There are different techniques and procedures which are used in the research and it explains the ways and purposes the entire research must be conducted. There are basically two types of data collection methods that is the primary and secondary data. Primary data collection is the direct data collection from the direct sources with the help of surveys and questionnaires along with the interviews and many more. Secondary data collection is the indirect way of data collection from the indirect sources such as with the help of books and journals along with the Internet and different articles. The current research uses the secondary type of data collection methods in terms of qualitative and quantitative both with the help of well known Internet websites and different books and journals has the equal contribution in delivering the content of research in the current research report(Basias and Pollalis, 2018). 9
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Research and findings Data analysis, interpretation and presentation 10
Conclusion and recommendations It is concluded that internet marketing is an important concept to learn and study for that its applications can be applied in real world organizations. This is because nowadays it is impossible for the organizations to survive without the Internet and online networking. The reason being is that the internet and working provides the wider reach of the audiences and cuts the cost and provides deficiency leads to the company's. This ultimately helps in increasing productivity with better expansion and growth in the marketplace. Therefore it is important to investigate the role and impact along with the issues of internet marketing as a promotional tool. It is necessary to determine the opportunities provided by internet marketing to businesses. It is essential to conduct the entire research on Internet marketing with the help of the case study of Marks and Spencer. The above information provides the insight of company background and factors that contributed to the popularity of internet marketing along with the changing nature of internet marketing and challenges of internet marketing. Qualitative analysis is being conducted with the help of literature review covering all the research objectivesbased on internet marketing. Research methodology is being prepared so that the information about research philosophy and Research approach along with the research strategy and Research choice which is followed by the research time horizon and Research techniques and procedures can be performed in order to conduct the relevant and strategic research. Moreover quantitative data gathering is also being done with the help of craft and facts and figures off Marks and Spencer. 11
Hence the above report covers all such areas in order to better understand the conception of internet marketing based on the case study of Marks and Spencer. It is recommended that internet marketing must be applied in the organization in a strategicandsystematicmanner.Itisimportanttofocusonthestrategiesofcustomer engagement and developing a clear data strategy in order to evaluate the life cycle campaigns. This is because internet marketing is based on the different types of campaigns the organization posts on social media and on their websites so that they can attract customers. It is highly recommended for the organization to roll out the responsive design and obey the clear objectives which must be clear to the customers as well. It is suggested that the company should not ignore the importance of mobile. This is because customers usually preferred the mobile phones while operating and researching about the company and for the purchasing as well as compared to the laptops or computer systems. Therefore the website and post which is created by the organization must be compatible with the mobile phones as well. It is also suggested that the company must take a deep look at how the customers are currently experiencing their brand so that they can improve and make decisions for better enhancement. It is also recommended that the company must start communicating with the customers on a 1 ratio 1 basis for a better interaction flow among all the stakeholders of the organization. Moreover, the company must also think about personalization beyond emails for better direct interaction with the customers and with the other stakeholders as well for maintaining the long-term relationships and loyalty towards a brand. 12
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References Books and Journals Ahmadjanovna, S.G. and Makhmudovna, K.R., 2020. The essence of the internet marketing complex.Вестник науки и образования, (7-2 (85)), pp.39-41. Altobelli, C.F. and Sander, M., 2018. 3. Internet-Marketing. InInternet-Branding(pp. 33-104). De Gruyter Oldenbourg. Altobelli, C.F. and Sander, M., 2018.Internet-Branding. De Gruyter Oldenbourg. Bala, M. and Verma, D., 2018. A critical review of digital marketing.M. Bala, D. Verma (2018). A Critical Review of Digital Marketing. International Journal of Management, IT & Engineering,8(10), pp.321-339. Basias, N. and Pollalis, Y., 2018. Quantitative and qualitative research in business & technology: Justifying a suitable research methodology.Review of Integrative Business and Economics Research,7, pp.91-105. Dilham, A., Sofiyah, F.R. and Muda, I., 2018. The internet marketing effect on the customer loyalty level with brand awareness as intervening variables.International Journal of Civil Engineering and Technology,9(9), pp.681-695. Grubor, A. and Jakša, O., 2018. Internet marketing as a business necessity.Interdisciplinary Description of Complex Systems: INDECS,16(2), pp.265-274. Halunko, V., Kurkova, K. and Oksin, V., 2018. Methods of assessing the efficiency of Internet Marketing communications.Baltic Journal of Economic Studies,4(4), pp.76-86. Hanson, W.A. and Kalyanam, K., 2020.Internet marketing and e-commerce.(Student ed.). Thomson/South-Western. Khurramov, O.K. and Fayzieva, S.A., 2020. The main convenience of internet marketing from traditional marketing.Academy,1, p.52. Kumar, R., 2018.Research methodology: A step-by-step guide for beginners. Sage. Kumar, S., 2020.Internet-Marketing. Lulu Press, Inc. Liu, C.L.E., Zhang-Zhang, Y. and Ghauri, P.N., 2020. The influence of internet marketing capabilities on international market performance.International Marketing Review. Nayak,J.K.andSingh,P.,2021.FundamentalsofResearchMethodologyProblemsand Prospects. SSDN Publishers & Distributors. Pandey, P. and Pandey, M.M., 2021. Research Methodology Tools and Techniques. Shams, S.R., 2019. Industry and managerial applications of internet marketing research.The synergy of business theory and practice, pp.199-214. Snyder,H.,2019.Literaturereviewasaresearchmethodology:Anoverviewand guidelines.Journal of business research,104, pp.333-339. Trengove, A., 2021.Internet marketing. AG Printing & Publishing. Zangirolami-Raimundo, J., Echeimberg, J.D.O. and Leone, C., 2018. Research methodology topics:Cross-sectionalstudies.JournalofHumanGrowthandDevelopment,28(3), pp.356-360. Zitkiene, R., Gircys, V., Zitke, M. and Bartuseviciene, I., 2021. Model of Impact of Social Networks on Internet Marketing of Enterprises. InSHS Web of Conferences(Vol. 92). EDP Sciences. 13