Digital Marketing Assessment for Woolworth Supermarkets
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This paper provides a digital marketing analysis of Woolworth Supermarkets, including their market base, reach, and new target base. It also discusses their digital marketing strategies and SWOT analysis.
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Running head: MARKETING ASSIGNMENT DIGITAL MARKETING ASSESSMENT Name of the student Name of the university Author note
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1MARKETING ASSIGNMENT Executive summary Marketing and advertisement is one of the critical and crucial factors that helps the organizations to understand their market base, their reach to their consumer base and their ability to attract new target base.Woolworth supermarkets is one of the leading retail organization of Australia. It was founded in the year 1924 and after its inception, it has opened in more than 1000 locations in Australia and around the world.In this aspect, the digital market analysis of the organization Woolworth has been conducted so that with application of these aspects, the company and its market base could be understood.The Woolworths gained more than 2.04 million hits in the in web portals and the average time of ad viewing among the users are 4 minutes. Only 39.78% people who have seen their advertisements has skipped their advertisements. The Social blade analysis shows that the YouTube subscriber for the organization is increasing extensively. The organization has also developed and implemented new marketing and advertisement strategy. Woolworth is among one of the best organization to efficiently use its online presence and its social media channels, to communicate to its consumers and fan base.The analysis of the digital market base and the SWOT analysis of this strategy have been provided in this paper.High quality, reliability and presence of more than a decade in the retail market has increased the loyal consumer base for the organization. Improper management and implementation of digital marketing strategies is limiting the ability of the organization to attract new and developed consumer base. The organization is focusing upon its advertisement, promotions and growth in places so that it could grow its business within and outside the country Singapore. The target market of this organization, for the nest five year is going to the middle and low income people to provide high quality product.
2MARKETING ASSIGNMENT Table of Contents Introduction..........................................................................................................................3 Woolworth’s digital marketing analysis..............................................................................3 Situational analysis..............................................................................................................6 Market summary..................................................................................................................7 SWOT analysis................................................................................................................7 Marketing strategy.............................................................................................................10 Conclusion.........................................................................................................................11 References..........................................................................................................................13
3MARKETING ASSIGNMENT Introduction Woolworth supermarkets which is colloquially known as the Woolies is one of the leading retail organisation of Australia, developed in the year 1924 and after its inception, it has spread in more than 1000 locations in Australia and around the world (Woolworth supermarkets 2019). Woolworth supermarkets has its headquarters in New South Wales Australia and as per the latest report published about the organisation in 2018, it was mentioned that the organisation is the third best organisation to use its social media platform, with several digital marketing aspects. This report also mentioned that the organisation is presently having more than 20 social media channels throughout 12 countries and through that it connects to its more than 2.2 million consumer base around Singapore and around the world (Woolworth supermarkets 2019). Hence, with these digital media aspects, the organisation is said to have more than 350,000 interactions around the world. Woolworth’s digital marketing analysis With the development of newer marketing strategies and aspects, majority of the organisations are using online marketing strategies so that they can find their consumers who can be made a loyal consumer base for their organisation. In such condition, the organisation, the Woolworth used social media and digital media for increasing their digital media presence; so that consumers that are waiting for the newer and improved products of the organization could be assured that they would be able to avail their products in their nearby supermarkets (Chimhundu, McNeill and Hamlin 2015). As per Sornette (2015), digital media aspects are one of the critical aspects using which organisations can achieve their target and proven to be much more effective strategies than print or mass media as it helps to analyze the number of people
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4MARKETING ASSIGNMENT that are watching the advertisements. Hence, with proper increase in the digital media aspects, it helps the organisation to develop internet marketing technology, so that with usage of the social media aspects, they can develop digital marketing campaign to increase their potential of the customers (Tiago and VerÃssimo 2015).As mentioned in the similarweb marketing analysis website, the Woolworths gained more than 2.04 million hits in the in web portals and the average time of ad viewing among the users are 4 minutes. Further, it was also seen that only 39.78% people who have seen their advertisements has skipped their advertisements (The Similar Web 2019). This indicate towards successful digital marketing campaigns developed and implemented by the Woolworths organisation developed for the growth and improvement of the organisation (The Similar Web 2019). Graphical analysis of the total visits collected by the Woolworth organisation mentioned in similarweb website
5MARKETING ASSIGNMENT Besides this, the following graphical description mentions the Seoptimer results collected from the website analysis of the Woolworth digital analysis. The Seoptimer analysis and graphical analysis The analysis determined that despite the increased usability in the social and security related aspects as well as increased view time I the mobile and user interface, the majority of the sections of the digital marketing aspect of the Woolworths organisation faces tremendous concerns due to which, they suffer from improper connection with their consumers. Hence, in such condition, proper advancement and improvement of their digital marketing strategies are required (SEOptimer 2019). Further, it was also seen through the Socialblade analysis that the YouTube subscriber for the organisation is increasing extensively as it could be observed from the below-mentioned graph. Further, it was also seen through the detailed analysis of the views if the videos uploaded by the organisation is continuously decreasing (SocialBlade 2019).
6MARKETING ASSIGNMENT Social blade graphical analysis of You Tube views and subscriber analysis As per the article published in Sydney Morning Herald (2015), to boost their online and digital marketing abilities, the organisation has developed and implemented new marketing and advertisement strategy due to which, people could be provided with effective means so that besides their pricing and offer related aspects, the organisation could understand the type of products their consumers wants them to develop. Competitor analysis The market analysis of the Woolworths has indicated to the fact that the primary competitors of the organisation are Coles supermarket and Marks & Spencer in Singapore as well as around the world. These two organisation are also retailers with a huge loyal consumer base and they also spend a huge amount of their resources in the digital marketing aspects so that people could be provided with their attractive advertisements and they can increase their consumer base (SocialBlade 2019). Despite the fact that Woolworth still is one of the leading retailer organisation that has effective and successful digital marketing abilities and is reaching millions of consumers through their digital marketing approaches, Coles supermarket and Marks
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7MARKETING ASSIGNMENT & Spencer organisations are providing effective competition to the organisation and it is visible through the analysis of their social media hits and digital marketing duration over You Tube (SocialBlade 2019). As mentioned in the social blade analysis, of the Mark & Spencer, it was shown that the rank of the organisation over this website is 140,498 and in recent years the organisation has faced 10.7% hike in their subscriber list, compared to the Woolworth that has achieved 15% hike in their subscription in the span of last 30 days from the date of analysis. Similarly the Coles supermarket organisation has gained 11.4% subscribers in the last 30 days that has increased the number of people attached to their consumer base and using their products loyally (SocialBlade 2019). Further, as mentioned in the analysis conducted through the social blade, it was extensively mentioned that 27.6% increase in the view of the organisation and its digitalmarketingcampaignshasbeenobservedinlast30daysthatindicatedtowards development in a string and loyal consumer base. Hence, upon comparing two of the prominent competitors of Woolworths, it could be said that the organisation should be focusing upon its limitations of digital marketing and then implement the aspects so that they can overcome their weaknesses and develop a holistic and strong digital marketing campaign for the organisation (SocialBlade 2019). Situational analysis While analyzing the Woolworth’s digital marketing aspect, it should be mentioned that not much organisation in the world are running without any of the marketing aspects and in such condition, they utilize the communication and informational technology. As per Woolworth supermarkets (2019), while developing the organizational agenda marketing strategies are one of the critical and crucial aspects that should be used for the analysis (Woolworth supermarkets 2019). Further, if any organisation is able to grow despite using the marketing and promotional
8MARKETING ASSIGNMENT strategies, it does not mean that the organisation is producing products that are useful, but it means that people are using the products because of the lack of branded and famous products. Hence, application of digital marketing abilities should be conducted so that organisations can achieve their target with effective market strategy. Woolworth was proven as one of the best organisation to effectively use its online presence and its social media channels, to communicate to its consumers and fan base. Further, as per the Wlömert and Eggers (2016), the digital marketing pop ups that appeared upon the screens of the consumers were not annoying and 65% of the consumers were able to see the ads completely and did not skip that for their smooth surfing abilities. Further, it was also seen that more than 50% of the people who watched that digital marketing advertisements, visited the online website of the organization and their mobile application. Hence, as per the social media and digital marketing aspects, the Woolworth developed abilities so that consumer and organizational connection could be developed (Tiago and VerÃssimo 2015). Market summary SWOT analysis As per Story et al. (2014), SWOT analysis is the aspect that helps to understand the primary aspects so that organisations, with its proper implementation, could understand the international and external aspects which would help the organisation to determine the aspects which is going in their favor and which are not helping them to achieve the expected outcome. As the digital marketing audit is being conducted for the organisation, Woolworth, its SWOT analysis for the entire organization and its digital marketing campaigns should be conducted so that a clear picture of the successful digital marketing campaign run by the retail organization could be
9MARKETING ASSIGNMENT achieved (Yüksel and Dagdeviren 2016). The following the complete SWOT analysis of the Woolworth conducted: Strengths: 1.The first aspect that should be mentioned in the strength of Woolworth is its market image and its high demand of products due to which majority of the consumers did not even need their digital presence and marketing abilities. 2.High quality, reliability and presence of more than a decade in the retail market has increased the loyal consumer base for the organisation and hence, in such case the organisation, with its minimal digital presence can attract millions of new consumers. 3.Due to the presence of large and developed social media base, and presence of more than 350,000 viewers in average has increased the confidence of the organisation to use more digitalmarketingabilitiesforitsmarketingand analysis.Thiscouldenhancethe organizations consumer base and hence, eventually the presence of this should be discussed effectively as the strength of the organisation as it provide an open and direct way to connect to the consumers (Wlömert and Eggers 2016). Weaknesses: 1.Due to high price and frequent changes in the pricing of the products, a section of consumer could detach from its organizational development. Hence, increase in the cost of the products could be one of the critical aspects that is faced by the organisation in recent years.
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10MARKETING ASSIGNMENT 2.Impropermanagementandimplementationofdigitalmarketingstrategiesarenot affecting the loyal consumer base, but is surely limiting the ability of the organisation to attract new and developed consumer base. 3.Theprimaryweaknesshoweveristhelackofconfidenceoftheorganisationin developing and sharing new products and using them for its digital marketing abilities and hence, it was seen that due to the presence of old products in their digital marketing, majority of the new consumers are skipping or not viewing their advertisements in the internet digitally (Swoboda, Elsner and Olejnik 2015). Opportunities: 1.Woolworth is the oldest organisation in the retail sector in Singapore and hence, it has one of the best opportunity to utilize its experience and product quality to attract more and more consumers that would be easily impressed from its string history if they use this aspect in their digital marketing campaigns. 2.They should focus on lowering their additional costs such as shipping cost as well as reducing the cost of transportation so that it could help to expand the business related activities of the company in other countries as well as in Singapore. 3.The organisation should more invest in its digital marketing abilities so that much more people could be connected to its consumer base and then they could understand the need and requirement of the new generation of consumers that have just added to their fan base (Sekiguchi, Froese and Iguchi 2016). Threats:
11MARKETING ASSIGNMENT 1.As there are many more small and moderate retail organisations that have increased their digital presence and are spreading their products through online shopping apps, they are more close to the group of consumers that could easily be convinced and implemented and hence, in this condition, it is the primary concern of the company that it should focus upon. 2.Further, the organisation is not been able to understand the importance of its digital presence and still is focusing upon mass media and print media, with social media to increase its consumer base. Absence of this organisation in the digital media could affect it by decreasing its number of customers. Therefore, prior to implement the strategy for the growth and digitization of the products the organization should focus on its active digital media presence so that consumers could understand the effectiveness of its in the digital media which could threaten the growth of the organisation (Saurwein, Just and Latzer 2015). Marketing strategy As per the organizational website, the organisation is focusing upon its advertisement, promotions and growth in places so that it could grow its business within and outside the country Singapore. The target market of this organisation, for the nest five year is going to the middle and low income people that are looking for good brand in minimal price so that they can use high quality products (Chimhundu, McNeill and Hamlin 2015). As per Sornette (2017), such market base is never loyal to any product as if any organisation claims to provide effective products in a low price, they tend to buy their products. Hence, to make this consumer base loyal to any product, as per Arah et al. (2015), it is important to provide them high quality products in lower price so that, with time, they tend to become habituated to this organisations quality products and
12MARKETING ASSIGNMENT then price increase could not affect their association with the product. Hence, as per Story et al. (2014), this is the target market for Woolworth for the next five years so that effective consumer base could be added to the organisation. Further, as per Pickles, Barrientos and Knorringa (2016), more than 80% of theSingaporepopulation uses internet and mobile phones and hence, the organisation would develop effective and modern digital marketing strategies so that the 80% of the population could be targeted for their analysis and hence, it should be mentioned that they are able to conduct effective processes in their organisation (Chimhundu, McNeill and Hamlin 2015). Conclusion In conclusion, it could be said that twenty first century is all about promotions, advertisements and visibility. Visibility in television, radio, internet and social media, provides organizations with consumer connection rapidly and if any organization is keeping itself away from these advertisements, then they would eventually loss their loyal and transferable consumer base. Hence, to be visible in the eyes of consumers, it is important for the organizations to be able to implement strategies so that they can develop aspects to stay in touch with the organisations. These are the social media, digital media, mass media, print media aspects that help the organisations to stay in touch with their consumers every time and everywhere. This paper discusses about one such organisation, which is 90 years old and has a strong consumer’s base since its inception- Woolworth supermarkets Singapore. In this paper, the discussion of Woolworth and its string consumer base was analyzed due to its presence in the digital market place and all the aspects related to its digital market were analyzed in this paper. The following sections would include the recommendations for the
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13MARKETING ASSIGNMENT SpecificThe specific recommendation for the developed and improved organisation would be spending a specific budget of the organisation for the digital marketingpurposeso thatwithin6 monthsan improved statistic could be observed. MeasurableCalculatingthehitsonthedigitalmarketing advertisements and webpages would be used in the careprocesssothatmeasurementofthe improvement could be observed. AchievableThe organisation should develop a specific target such as 6 million views in 3 months from digital marketingsothatalltheimportantaspects achievabledigitalmarketingaspectscouldbe obtained. RealisticAstheorganisationhasreceivedmorethan4 million views in last 3 months, it is possible for the organisation to achievable 6 million hits and views in digital marketing aspect with improved abilities. TimeThe time limit selected for this aspect would be three months so that the lacks and benefits of the digital marketing abilities could be understood.
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15MARKETING ASSIGNMENT References Arah, I.K., Kumah, E.K., Anku, E.K. and Amaglo, H., 2015. An overview of post-harvest losses in tomato production in Africa: causes and possible prevention strategies.Journal of Biology, Agriculture and Healthcare,5(16), pp.78-88. Chimhundu, R., McNeill, L.S. and Hamlin, R.P., 2015. Manufacturer and retailer brands: is strategic coexistence the norm?.Australasian Marketing Journal (AMJ),23(1), pp.49-60. Pickles, J., Barrientos, S. and Knorringa, P., 2016. New end markets, supermarket expansion and shifting social standards.Environment and Planning A: Economy and Space,48(7), pp.1284- 1301. Saurwein,F.,Just,N.andLatzer,M.,2015.Governanceofalgorithms:optionsand limitations.info,17(6), pp.35-49. Sekiguchi, T., Froese, F.J. and Iguchi, C., 2016. International human resource management of Japanesemultinationalcorporations:Challengesandfuturedirections.AsianBusiness& Management,15(2), pp.83-109. SEOptimer2019.www.woolworths.comAuditResults.SEOptimer.Retrievedfrom: https://www.seoptimer.com/www.woolworths.com.au SocialBlade2019.WoolworthsAuditResults.SocialBlade.Retrievedfrom: https://www.similarweb.com/website/woolworths.co.za Sornette, D., 2017.Why stock markets crash: critical events in complex financial systems(Vol. 49). Princeton University Press.
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16MARKETING ASSIGNMENT Story, J.S., Barbuto Jr, J.E., Luthans, F. and Bovaird, J.A., 2014. Meeting the challenges of effective international HRM: Analysis of the antecedents of global mindset.Human Resource Management,53(1), pp.131-155. Swoboda, B., Elsner, S. and Olejnik, E., 2015. How do past mode choices influence subsequent entry? A study on the boundary conditions of preferred entry modes of retail firms.International Business Review,24(3), pp.506-517. The Similar Web 2019. Woolworth’s digital marketing analysis.The Similar Web. Retrieved from: https://www.similarweb.com/website/woolworths.co.za#overview The Sydney Morning Herald 2015. Woolworths kicks off new marketing campaign.The Sydney MorningHerald.Retrievedfrom:https://www.smh.com.au/business/companies/woolworths- kicks-off-new-marketing-campaign-20151020-gkd4dl.html Tiago, M.T.P.M.B. and VerÃssimo, J.M.C., 2014. Digital marketing and social media: Why bother?.Business horizons,57(6), pp.703-708. Ungson, G.R. and Wong, Y.Y., 2014.Global strategic management. Routledge. Walsh, B., 2014. Chain store retailing in Ireland: a case study of FW Woolworth & Co. Ltd, 1914-2008.Journal of Historical Research in Marketing,6(1), pp.98-115. Wlömert, N. and Eggers, F., 2016. Predicting new service adoption with conjoint analysis: external validity of BDM-based incentive-aligned and dual-response choice designs.Marketing Letters,27(1), pp.195-210.
17MARKETING ASSIGNMENT Woolworthsupermarkets2019.AboutUs.Woolworthsupermarkets.Retrievedfrom: https://www.google.com/search? q=woolsworth&oq=woolsworth&aqs=chrome..69i57.2553j0j7&sourceid=chrome&ie=UTF-8 Yüksel, İ. and Dagdeviren, M., 2016. Using the analytic network process (ANP) in a SWOT analysis–A case study for a textile firm.Information Sciences,177(16), pp.3364-3382.