Leadership in Business: Marketing Performance Report
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Added on  2023/06/15
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This report analyzes the marketing outcomes and changes required to meet strategic objectives for Lamberts Consulting Services. It also includes KPIs and targets for the company.
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0Running head: LEADERSHIP IN BUSINESS Leadership in Business Name of Student Name of University Author Note
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1 LEADERSHIP IN BUSINESS Table of Contents Part 1 Marketing Performance Report.............................................................................................2 Analysis of marketing outcomes..................................................................................................2 Changes in marketing and the calculated marketing metrics.......................................................3 Description of the changes required to meet the strategic objectives..........................................3 KPIs..............................................................................................................................................3 Targets..........................................................................................................................................4 References........................................................................................................................................5
2 LEADERSHIP IN BUSINESS Part 1 Marketing Performance Report Analysis of marketing outcomes From the case study it is evident that the Lamberts Consulting Services has been indulging their huge investment in the marketing of their products in order to increase the market share as well the growth in the future for the company. It is evident that for the growth and sustainability of the business for Lamberts Consulting Services, there is the urgent need of developing comprehensive marketing plan and the marketing performance of the company needs to be measured and judged effectively as well. It is seen that there has been large increase in the interstate migration to be taking place in Australia and this trend will continue to increase for the next five years in the future (Baker 2014). Due to the increase in the population there is the rise in the demand for the home wares to be taken place and there is always the need to maintain a solid balance between supply and demand. As the population is increasing in Australia, there has been increased in the marketing expenditure to be done by the company as this will help in making their products to be promoted and attracted for large portfolio of customers. It is seen that the marketing outcomes lies with the fact that due to the online technology has been the best in this market for the promotion of the products so Lamberts Consulting has been spending the highest amount on internet marketing (Chaffey and Ellis-Chadwick 2016). This will definitely help in enhancing the online merchandise sales which will be included in the next marketing period for the company. This marketing spend will ultimately help in making the company to get adjusted with the industry trends and increase in the market share.
3 LEADERSHIP IN BUSINESS Changes in marketing and the calculated marketing metrics The change in marketing for the company is the shift from the traditional marketing towards the digital marketing. The increase in migration in Australia tends the company to have the online presence in such a way that it should be beneficial for Lamberts Consulting. The calculated ROMI for the case scenario is 30 percent and the market share for the company is around 12 percent Description of the changes required to meet the strategic objectives The strategic objectives for this company are to increase in the revenue as well as increasing the market share. So for the increase in the market share and the revenue of the company, the companyisspendinghugemoneyindevelopingcomprehensivemarketingplan.Inthe marketing plan, the company is using the web marketing as the main tool for promoting their products all over Australia as there has been increase in interstate migration taking place in Australia (Zikmund et al. 2013). KPIs The gaps which are identified in this case study is its total sales or revenue of the company. It is seen that the market for the home wares in the Brisbane market is around $175 million per annum in 2016 and now in 2017 there is increase in the market for Lamberts which is around $199. So the revenue could be the performance indicator which is developing success for the company. The cause for this gap could be the less spending in the marketing activities for the company. Based on the revenue figure in the market for Lamberts Consulting it is useful to say that the company is investing in internet marketing now which results in attracting huge number of customers in Brisbane market for lamberts Consulting (Wrenn and Mansfield 2014). The
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4 LEADERSHIP IN BUSINESS strategic performance could be improved with the development of the web marketing activities and this enable the innovation in the promotion of the home wares for Lamberts Consulting. Targets The target for the company is to increase the market share. There is an over performance against the set targets took place. In the previous year the growth is expected to have 8.5 percent. In this year the growth is around 10 percent which is indicating that there is rapid growth to be taken place. The reason for this is the marketing trend for the organizations operating in the 21st century. All of the organizations are trying to develop online presence in order to promote and increase the sales. So this is quite obvious that the involvement of the web marketing activities has helped Lamberts Consulting services to enhance their performance and meeting their targets (Yang and Cui 2012). The new targets for the next 12-18 months for the company are to increase the market share by 2 percent and revenue by 5 percent.
5 LEADERSHIP IN BUSINESS References Baker, M.J., 2014.Marketing strategy and management. Palgrave Macmillan. Zikmund, W.G., Babin, B.J., Carr, J.C. and Griffin, M., 2013.Business research methods. Cengage Learning. Wrenn, B. and Mansfield, P.M., 2014.Marketing planning guide. Routledge. Yang, A. and Cui, Y., 2012. Global coal risk assessment: data analysis and market research. World Resources Institute Working Paper. Chaffey, D. and Ellis-Chadwick, F., 2016.Digital marketing. Prentice Hall.