Marketing Essentials: Strategies and Tactics for Unilever
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This report explains the role of marketing essentials for an organization, with a focus on Unilever. It covers the components necessary for marketing, tactics and strategies employed by Unilever, and a basic and strategic marketing plan. The report concludes with a situational analysis and marketing objectives.
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Marketing essentials
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INTRODUCTION Marketing Essentials are regarded to be the principles of Marketing where they are used to employ different factors that are a part of marketing in an organisation. These days marketing is said to be one of the important prospect for every organisation or an Industry that would depict the roles and responsibilities of the company in deriving the factors that will produce products to customers (Pike, 2020). The entire report will bring forth the essence of marketing essentials along with various components that are necessary in order to derive start and process of marketing. The organisation that is chosen in this regard in order to portray the aspect of marketingessentialsisUnilever.TheorganisationUnileverisaBritishmultinational organisationwhoseheadquartersisinLondon,England.Theproductsaswellasthe circumstances of the organisation are derived by the growth prospects which are included by marketing as well as the essential that are included in it. The components that are used by the organisation in order to depict their choices is put forth with a perfect explanation in this report. TASK: 2 Part-A Application of marketing mix to the marketing planning processes Marketing MixUNILEVERAPPLE ProductThereareawiderangeof products that are being classified accordingtotheneedof customer.Healthcareand personal care products are being dealt. There are different products that arebeingmanufacturedby Apple.Mobiles,laptops, earphonesextraarebeing manufacturedbythe organisation.Theproduct classificationismoreoriented becauseitiswellreputed organisationandhasagood amountofcustomerbase (Nirschl and Steinberg, 2018). PriceThe pricing strategy is moderate andeverydemographiccan The price that is associated with the product is very high when
purchasethingswithout negotiations. compared to the other products. Therefore it is mostly preferred by people who can afford. PlaceThe products are sold through marketing channels and there is anonlineavailabilityofthe products.Theproductsare presentindifferentretailing platforms. The products of Apple company are found online as well as in the physical store. There is a good outlet and the sources are maximuminobtainingthe product (Nirschl and Steinberg, 2018). PromotionThe organisation uses multiple channelsforpromotion.The traditionalmediaisalsobeen incorporated in the promotional aspect. The organisation does not need any promotion for its product becauseitisalreadyawell reputed brand and therefore only the simple mechanism that of a website and social media play a majorroleindepictingthe choice of promotion. PeopleThe different demographics that arebeingservedbythe organisation will fit every class (Paurva, 2019). Innovationisattheperkof beingthebestinthe organisation and therefore there are certain rules that are being played by definite set of people in the organisation. Physical evidenceReviewsofpeoplearetaken forthandthefeedbackswill determine the prospects that are inregardtotheproduct evidence. Thephysicalevidenceis gratifiedbythecustomer inception by reviews as well as thekindofentitiesthatwill portrayaboutexperienceof using products. This with regard to the organisation Apple is said
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to be one of the most prominent asset because of the quality that it maintains. ProcessTheinceptionofcustomers broughaboutafantabulous approach to the products. Rightfrommanufacturing productstilltheonsetof purchasingeveryprocessis maintainedonaconfidential basis and that is what is being oneoftheperksforthe organisation. Tactics applied by organisations to demonstrate business objectives The tactics that are used by the organisation in order to demonstrate the marketing activities and to bring about flourishing results towards the essentials that are being incorporated in the organisation and will reflect over different choices of ensuring factors. These tactics are necessary in order to attain business objectives with no time and this achievement can be recorded for over a long run. Certain tactics that are being employed by the organisation Unilever in order to build about a good amount of marketing base include those of quality, value, service, innovation and trust (Bünte, 2018). These functions of marketing are employed by the organisation in order to build about a good base and also to demonstrate the choices of business objectives. Quality is one of the core factors that the organisation usually emphasize upon because the competitors can be derived from the kind of quality that is being maintained by the organisation in its product. Value is determined by quality and therefore the organisations am is to maintain a quality approach in order to determine the value of a product. The service that is offered by the organisation in order to purchase items or to address customers is enormous and that will gratify vision of the organisation within no time. Following the new innovation techniques of display boards as well as the measures to take products into customers the organisation objectives are attained. The customer experience is the major criteria that the organisation is moving ahead and the approach towards customers is one of the tactics that the organisation is a sharpening every now and then (Blythe and Martin, 2019).
Part- B Basic marketing plan Purpose: the purpose of the marketing plan for the organisation is to get a clear idea about the retail marketing strategy that the organisation is usually dealing with. Situational analysis:Target market: the organisation is moving ahead with the products and prices and along with the strategies that would fit every demographic. The target of the organisation is the all the classes of customer and therefore the prices are also termed to be affordable.Distribution network: the distribution network for the organisation Unilever is existing in more than 100 countries and the investments are also thoroughly equipped.Competition: the competition that is in regard to the organisation Unilever can be explained by porter's five forces. They are as follows:Threat of new entrants: the threat of new entrants is low with respect to the organisation Unilever because it maintains of quality and the accomplishments that are in regard to its products is way ahead in the marketing race.Threat of substitutes: the threat of substitutes is with regard to the organisation because there is an emphasis over health and that gets carried away by other products which focuses on low carbohydrate and calorie diets.Bargaining power of suppliers: the bargaining power of suppliers is low because the Unilever organisation has a well-known business unit (Nirschl and Steinberg, 2018).Bargaining power of buyers: the bargaining power of buyers is high because there is a demand over the introduction of new products as well as the features that will have to be improved with respect to products and pricing strategies. Competition: the competition is rather high with regard to the organisation because there are many organisations that are entering into this field and the company will have to restructure its programs every now and then. Financial condition: the financial condition that is in regard to the organisation Unilever is said to be stable and the organisation is attaining good amount of profits from nook and corner of the world. Detailed coherent evidence – based marketing plan Segmentation targeting and positioning:
The segmentation targeting and positioning with regard to the organisation Unilever is said to be one of the prospect where it focuses upon dividing heterogeneous market and also bringing about smaller components out of it. The target of the organisation is every demographic and it only aim is to satisfy its customers with the minimum efforts that it can make. The strategies that are used by the organisation in order to combine the elements of marketing in order to bring about a successful marketing mix (Muralidharan and Raval, 2017). The company is also more into targeting different household and also the Healthcare industry by providing health sensitive mechanism. The positioning of the organisation is based on how far it is being able to gratify its customers with regard to the products that it is dealing with. The organisation is more into bringing about products that are related to food and personal care and therefore this position is regarded to be one of the finest entity for the organisation.Marketing objectives The smart objective stands for specific measurable achievable realistic and time bound. these objectives are being followed by the organisation in order to specify the clear goal that it will have to put effort. The measurable quantity will bring about all the importance of measuring the goals of the organisation such that within the progress limits the entire staff can stay motivated. The achievable prospect of the organisation is to bring about all the skills that are necessary in order to format the goals and also to achieve them. The realistic measure that are a part of inhibiting factors will have to be incorporated such that they bring probability into reality. time bound mechanism is specifically oriented with bringing about all the objectives within the stipulated time and that is what is being followed by Unilever.Marketing strategies: the marketing strategies that are being incorporated by the organisation Unilever will include the advertising and promotional activities that are a part of marketing tools. This will help the organisation to stay active with all the customer personifications.Currentbusinessmarketingposition:thebusinessmarketingpositionoftheorganisation Unilever is active and it is also incorporating all the mechanism such that it can stay in contact with its customers. It has allocated certain resources in order to bring in the products under customer inception and that is what is being outlined by the business objectives. Strategic marketing plan that tactically applies Product: the organisation is more into bringing about various set of products and it is also known to be the biggest brand that is well reputed. There are wide range of products that are available
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and thedifferentcategoriesand theyfeaturefrom varioustypes. The productsare also considered to be unique and of high quality there for in competition it can easily stand. Price: the pricing strategy of the organisation is said to be moderate to high. The kind of products that are evolved as a part of competition will determine the price of the category because all the features that are there in the individual items will contribute for the strategy. Mostly the fixed prices that are there in the organisation are considerable in moderate and therefore people from all classes can eventually buy. Place: the organisation has more of marketing channels and also they move ahead with direct interaction with the customers. The company has over 500 retailers all over the country and therefore the customers are available from different parts of the country. The products of the organisation are available online and the distribution channel will also take its products to the customers. These products are available in all physical stores and are accessible for the customers. Promotions:thereisagoodchannelofcommunicationaswellaspromotionforthis organisation. The media channels usually promote the products in television as well as the radios such that it can attract large number of people. There are also different social media platforms that contribute for the promotional activities of the organisation. People: the people that are working in the organisation are usually the ones that focus upon sales as well as marketing. They worked upon different techniques that will improve customer base and the considerable preferences. The raw materials that are used in product processing will also be evaluated in this particular entity. Process: right from the manufacturer of product packaging and processing it to all over the stores the entire unit is systematic. Physical evidence: the unique packaging as well as the identifiable measures that are being followed by physical approach of the organisation will allow customers to view its product. The high quality images that are displayed on the website will create an impact over the entire organisation and the customers will also feel inhibited by the fact of these images. The depiction of all the product seems to be user friendly and therefore there is a good reputation for the products.
CONCLUSION The report concludes upon explaining the role of marketing as a list of all the marketing essentials are necessary for an organisation. Through this report one can easily understand the prospects that are in relation to the interrelation of functional units in an organisation to stop their responsibilities of marketing as well as the roles of marketing at being explain. An analysis over the significance of interrelationships between various functional units of the organisation are also put forth in this report. The key aspects that are in relation to bring about the ways of comparison of various marketing mix of the organisation is explained in this report. The basic marketing plan is also evaluated along with the strategic marketing and detailed coherent evidences.
REFERENCES Books and journals Blythe and Martin, 2019. Essentials of marketing. Pearson UK. Bünte,2018.KünstlicheIntelligenz–dieZukunftdesMarketing.Wiesbaden:Springer Fachmedien Wiesbaden. Muralidharan and Raval, 2017. Six Sigma marketing and productivity improvement. A Quarterly Journal of the National Productivity Council. 58(1). pp.107-114. Nirschland Steinberg,2018. EinstiegindasInfluencerMarketing.SpringerFachmedien Wiesbaden. Paurva, 2019. Essentials of marketing research. Pike, 2020. Destination MarketingDestination Marketing: Essentials. OnlineMarketingessentials:[Online].Availablethrough:<MarketingEssentials (marketingteacher.com)> 1