This report discusses the marketing function of Grilled Burger, a popular burger brand in Australia. It explores the use of STP model and 4Ps of marketing strategies to attract customers and gain a competitive advantage.
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MARKETING
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EXECUTIVE SUMMARY Marketing is useful tool for a business within market place. With the support of marketing function, any business can aware different people or customers about its wide range of products and services. Currently by running different productive marketing campaigns, there are lot of business within market has gained huge success. This report is based on the marketing aspect of Grilled Burger. This is a popular burger brand of Australia which currently has large customers base in its country’s food beverage industry. A business has required to use some productive marketing strategies also to gain effective results through its marketing functions. In this modern world, no business can successfully run its marketing function without adopting some productive or effective strategies of marketing. In this report, two key strategies of marketing called; STP model and 4Ps of marketing strategies has been discussed in the context of Grilled Burger.
TABLE OF CONTENTS EXECUTIVE SUMMARY.............................................................................................................2 INTRODUCTION...........................................................................................................................4 PART 1............................................................................................................................................5 Segmentation...............................................................................................................................5 Positioning...................................................................................................................................6 PART 2............................................................................................................................................7 Marketing Mix.............................................................................................................................7 Target Market..............................................................................................................................8 Distribution channels...................................................................................................................9 Promotional communications and tools.....................................................................................10 CONCLUSION..............................................................................................................................10 RECOMMENDATIONS...............................................................................................................11 REFERENCES..............................................................................................................................12
INTRODUCTION Marketing is one of key functions for an organisation. This marketing function gives opportunities to a company for highly promoting its brand at the large scale of the market. Basically, there are lot of strategies used by different companies within market place to conduct their marketing functions in very effective manner (Fidel, Cervera and Schlesinger, 2016). In this dynamic world, there is huge competition in each type of industries or sectors. In this situation, top-level management of each business has highly required to make its marketing strategies very effective to attract lot of new customers towards its brand. Basically, after attracting lot of customers towards own brand, any company can simply gain competitive advantage in market place. On the other side, lot of companies within market place has taken different steps towards hiring highly talented and skilled employees within their workplace of marketing, because talented and skilled marketers always provide very excellent outcomes from the marketing functions to business. This report discusses the marketing function of Grilled Burger company. This is an Australia based restaurant business which is mainly known for its healthy burgers. Headquarter of company situated in Melbourne, Victoria, Australia. Currently it has chain of restaurants in over 136 locations, so that it has wide scope of business operations. Grilled Burger company was founded in year 2004, and from establishment to date, top-level management of this company has succeeded in expanding its business operations in across Australia. Currently this is highly reputed brand of burger within the Australia. Local people of this country like to consume products and services from this company, because top-level management of this company not compromises with the quality of its different products and services. There are some key models and strategies of marketing also has used in this report, like; STP model and 4Ps of marketing mix strategy (Pesonen and Pasanen, 2017). These model and marketing mix strategy are very beneficial to a company for gaining effective results through its different operations of marketing. STP model will help in analysing three stages of marketing of Grilled burger company called; segmentation, targeting and positioning. On the other side, 4Ps marketing strategy indicatesfour key areas of marketing, like; product, price, place and
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promotion. After considering different components of these model and strategy, the marketing team of this company will enable to attract lot of new customers towards its brand. PART 1 Segmentation Segmentation is basically first stage in the STP model. In this stage, the marketing manager at Grilled Burger company have to turn it’s a large market into small segments of market. Segmentation of a large market is very necessary to a company, because after dividing a large market into small segments of market, the company can simply understand the actual demand and needs of customers in market place. The marketing manager at this burger company have to understand one thing that, there are many types of customers exists within the market place which has different background. In this situation, background of customers always influences to their efficiency of buying different products and services. The marketing team of Grilled burger have to divide its various customers on the basis of many areas of segmentations (Handriana, 2016) (Abbas and et.al., 2019). The marketing team can divide whole market on the basis of different factors, like; demographically, geographically, psychologically, behaviourally etc. These all factors mainly help to a business to categorised customers on the basis of their age, marital status, gender, lifestyles, occupation, education, region and ethnicity etc. So that, marketing manager at this burger company have to divide its various customers and markets on these all-mentioned factors. Nowadays company have chosen its target market segment those market segments where number of people with age of 65 to 75-year is higher than other age groups people. The management of this Grilled company has decided to target such market segments also where number of Middle-age White-Collar individuals (baby-boomers) is very higher. According to company’s market research, thousands of teenagers also takes huge interest in consuming products and services of Grilled, so that the management have decided to target those segments also where number of teenagers is very higher. It will be provided its burger product in such areas of cities as well which has lots of corporate offices, because many people work within offices are very much like to take burger in their lunch session. In this situation, marketing team this burger company has highly required to more improve its marketing strategies to inform lots
of people within these all market segments about its exclusive burger product. It should adopt competitive-based pricing strategy also while selling burger product in various selected target segments of market. By using this strategy in target market, it will enable to gain huge competitive advantage in market place. These all are few major factors which the marketing team of Grilled Burger should be considered for systematically conducting its marketing stage of segmentation. Generally, on the basis of these all factors, burger company will simply gain excellent outcomes in its various target market segments. Positioning Positioning is the last stage in STP model where most companies or businesses takes different steps towards position their product or service in the selected market segment. In this situation, the marketing management at Grilled burger has also required to consider this stage of STP model within its marketing function to get better results in different segments of market. In this stage, marketing management have to effectively promote its products and services in decided segments of market. This is the stage where top-level management of company also need to make its operations of supply chain very much effective, because after having effective supply chain operations, this company will simply deliver its various products and services to customers on time in different market segments (Kleber, Florack and Chladek, 2016). There is implementation of marketing mix strategy is very necessary task to marketing team in this positioning stage. Many companies try to make effective relationship also with different customers while positioning their product in the selected market segments, because after having effective relationship with various customers, a business simply make a loyal customer base. According to different business experts, a company is able to influence customers to take decision towards buying only its product with maintaining effective relations with customers. So that, employees of marketing team of Grilled burger have highly required to visit in various segments of market tocommunicateorinteractwithcustomers.Basically,withthesupportofeffective communication skills, company’s marketers can simply build an ordinary relationship with customers.
On the other side, while conducting this positioning stage of STP model, top-level management of company have to use such employees in its operations of supply chain who has effective skills and talent. The main reason behind this step is that, only effective employees always enables to run supply chain operations of company effectively (Hult and Ketchen, 2017). Analysis of consumer behaviour is another key task to marketing team in while positing its product, because after analysing consumer behaviour, company will simply identify that, customers of existing market segment takes interest in fulfilling their different key needs or not. Most products of grilled burger company come under the prime needs of customers, because this provides food and beverage items. So that, customers always be motivated to fulfil their prime needs. In this situation, marketing team at Grilled Burger have to run different attractive campaigns of advertisement to influence customers for fulfilling their need of food items with Grilled. Segmentation and positioning are really productive stages within the STP model, because both stages provides a specific framework of marketing to business to conduct its various operations of marketing in very effective manner. This is very necessary to the marketing manager of Grilled burger to always consider these both stages of STP model within its daily operations. PART 2 Marketing Mix Marketing mix strategy is one of productive strategies of marketing, because this strategy includes 4Ps of marketing called; product, price, place and promotion. Currently these all four Ps is followed by many of companies within market place (Mouzas and Ford, 2018). So that, marketing team at Grilled burger also have to adopt and implement this marketing mix strategy in its workplace to gain effective outcomes. All four Ps of this marketing strategy has been described below for this Australian restaurant company. Product:Currently top-level management Grilled burger has decided to sell its exclusive burger product in different target market segments. According to top-level management of company, this burger product will definitely give an excellent experience to customers when they will be
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consumed burgerof Grilledcompany.Thecompanyhasincludeddifferentflavoursand ingredient in this product, like; red chilli, green chilli, spinach, sealable tomato, cabbage etc. (Philips, 2017). According to market research, most people within Australia are crazy to a burger with these all ingredient, and that’s why this business has developed its product by using various productive ingredient. The management is fully capable to maintain an effective quality of its burger product as well. Price:The company can use various pricing strategies to set price of its exclusive burger product, like; competitive-based pricing strategy and value-based pricing strategy. But according to current highly competitive market situation, upper management of company have to choose competitive-based pricing strategy. Basically, this strategy of pricing plays an effective role in setting price of own products something cheaper than existing competitors (Ulaga and Kohli, 2018). In this situation, after implementing this pricing strategy, Grilled burger will be simply able to make price of its burger product favourable than various other burger companies. Place:The management of this restaurant business has decided to provide its burger product in across the Australia. Currently this company operates its different products and services in different 139 locations in its home country. Currently the main target market places of company to provide its burger product are people of age group 65 to 75-year-old is higher than people of other groups. The company will give higher priority to provide its product on time in that market segments or places also where many baby boomers exists. Many of people within across Australia very like to consume products and services through Grilled burger. In this situation, top-level management need to try for making distribution channel very much effective to provide its burger product in each market place on time. Promotion:Promotion is one of key components within 4Ps of marketing mix strategy. According to this stage, top-level management has to give order to its marketing department to develop or innovate some productive strategies of marketing to gain effective results through its variousmarketingoperations.Forexample;currentlydigitalmarketingstrategyplaysan effective role to different businesses in attracting many new customers in market place. In this situation,marketingmanageratGrilledburgerhasalsorequiredtotakestepstowards implementing digital marketing strategy within its daily operations. This strategy mainly give opportunity to company for running its various image and video ads on different social media
platforms, like; Facebook, Twitter, Instagram, etc. On the other side, the marketing team have to adopt different traditional strategies of marketing as well to effectively promote its brand at the wide scale in market (Pantelic, Sakal and Zehetner, 2016). For example; poster, banner and brochure marketing, television advertising, radio marketing etc. After considering these all strategies of promotion, grilled company will simply attract many of customers towards its burger product. Target Market Currently target market segment to this venture are only those segments of market where number of people (age group of 65 to 75-year-old) is higher than people of other age groups. On the other side, the management of this business targets those segments of market also where Middle-age White-Collar individuals (baby-boomers) is very higher. These two types of market segments are mainly targeted by company in its whole market environment. Of course, company provides its products and services in many other types of market segments as well. Currently the main objective of management in this venture is to always make available its various products and services in its each restaurant. According to management, if grilled burger not provide its product in its various target market segments on time, then competitors will attract its customers (Zuhdi and et.al., 2019). So that, this is very necessary this business for always retaining different customers with own brand. After retaining different customers within target market places by providing its burger on time, this business will enable to gain high competitive advantage in market place. There are many teenagers also very much like to consume burger through this business. In this situation, the management takes different steps towards targeting those segments of market also where number of teenagers is very higher. Distribution channels The company was founded in 2004, and from establishment to date, this company has succeeded in making its distribution channel or supply chain very much effective. Basically, currently Grilled burger runs its operations in different locations of Australia. In this situation, it has very strong distribution channel right now. Basically, different suppliers of company provide raw-material in its regional office, then the management of company’s regional office transfers raw-material through different logistics services to its various authorised restaurants. After getting raw-material on time, the restaurant manager can simply provide different products and
services to customers in the restaurant area on time (Mirzaei, Micheels and Boecker, 2016). According to the management, the communication skills plays an vital role to business in maintaining effectiveness within its distribution channel. For example; when the manager of a grilled resultant knows that, there are raw-material is required to fulfilling requirements of different customers in restaurant, then it communicates with its head office or regional office to transfer raw-material in the restaurant. On the other side, after getting raw-material through various selected suppliers, the reginal management contacts to its logistics service to deliver that raw-material its restaurant. That’s why well-developed communication skills are very necessary to grilled burger company in the terms of maintaining strong distribution channel. Promotional communications and tools Promotionalcommunicationsandtoolsalsokeyaspectsofcompany.Basically, promotional communications and tools has used by this business to maintain a productive relationship with different customers in market place (Kirova, 2017). In this situation, there are some major promotionalcommunicationsand tools of Grilled burger company has been discussed below; Advertising and sales promotion:This is one of key tools which has already adopted and implemented by this company in its workplace. Basically, by running different advertisements on platforms like; TV, radio and newspapers. On the other side, company conducts sales promotion also in the term of promotional communication campaign. This tool really attracts many new customers towards its brand. Social media:Social media is another major tool to this business in this modern world. Basically, the company has accounts and handles on different social media platforms which it has used for the purpose of maintaining effective engagement with lots of customers and people (Bandyopadhyay and Ray, 2019). There are many customers can simply communicate with officials of grilled company through the comment box and direct message etc. on these various social media platforms.
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CONCLUSION On the basis of above findings, it can be concluded that marketing is very essential to the Grilled burger company in this dynamic world. This is the function that enables to company to gain huge competitive advantage in this highly competitive market. According to findings, currently marketing department of Grilled is able to use lots of productive marketing strategies. STP and 4Ps of marketing mix are two very effective strategies of marketing, so that marketing management of company have to adopt and implement these all strategies of marketing within its workplace to boost brand value of own business in market place. It can be also concluded that, there are market segmentation is very necessary task to this business for perfectly knowing the actual demands and wants of customers. After segmentation, marketing team of Grilled company have to target its customers on the basis of their interest and attitude. There is product positioning stage is also too mandatory to this burger venture for delivering its product to customers on time. It can be concluded that, after conducting these all stages of STP model, the marketing team have to implement all four Ps of marketing mix strategy in its workplace to positively influence different customers within market place. RECOMMENDATIONS According to current situation of company, the marketing manager at Grilled burger should be more active in its workplace to adopt and implement different strategies of marketing. Currently STP and 4Ps of marketing mix are two very productive strategies to company, but manager should focus on implementing digital marketing tool as well (Koval and et.al., 2019). Thisisalsoamarketingstrategywillenabletocompanyformaintaininganeffective engagement with different customers in market place. On the other side, the company have to make its distribution channel stronger to deliver its various exclusive products to customers quickly than its competitors. After considering these all recommendations, Grilled burger will gain huge competitive advantage in different market segments.
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