This report discusses the TOWS analysis of ALDI Supermarket and provides marketing objectives and strategies for the organization. It also explores the marketing mix for ALDI Supermarket and suggests ways to improve levels of customer service.
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Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 TOWS Analysis...........................................................................................................................3 Marketing objectives...................................................................................................................7 Marketing Mix for ALDI Supermarket.......................................................................................8 Description on how ALDI can improve levels of customer service............................................9 CONCLUSION..............................................................................................................................11 REFERENCES..............................................................................................................................12
INTRODUCTION Marketing can be considered as study and management of exchange relationship with people who are connected or associated to the organization. Marketing process can be considered as process of identifying, satisfying and finding the needs and requirements of customers because the main role of the marketing department is to attract customers to buy products and services of businessorganization(ChaffeyandEllis-Chadwick,2019).ThisreportisaboutALDI Supermarket is a private retail store company which was established in year 1946. ALDI Supermarket is currently working over 11234 locations around the world. This report will be explaining TOWS analysis of ALDI Supermarket.to understand the marketing audits that are performed by organization. According to the findings of TOWS analysis of ALDI Supermarket various marketing objectives will be formed for ALDI Supermarket in marketing department related to the marketing campaign of ALDI Supermarket which is Express Ourselves. Marketing mix also will be explained for Aldi supermarket to achieve the marketing objectives with in12 months. A proposal will be provided for ALDI Supermarket that can be used by the business organization. This is how marketing process of ALDI Supermarket will be explained in the report. MAIN BODY TOWS Analysis TOWSisacronymof Threats,Opportunities,weaknessesandstrength. TOWSis extended version of SWOT Analysis. In this analysis process of analysis is slightly different from SWOT analysis. In TOWS analysis Threats of organization and opportunities of organization are evaluated before the analysis of strengths and weaknesses of company. The strengths and weaknesses of the organization are considered as internal factors and opportunities and threats of the organization are considered as external factors of the company. Initially the external factors and aspect are considered by the organization in order to assess the internal factors of the company. Through this process the strengths and weaknesses of company are analysed for the current opportunities of the organization in the global market(Keegan, 2017). On the basis of the analysis process four strategies are considered in the report to improve the performance of the organization in the target market. These strategies of the company are Strengths – opportunities,
weaknesses – opportunities, strengths – Threats and Weaknesses – Threats. This is how the internal factors of the organization are connected to the external factors of the market place. TOWS Matrix It is variant of classical business analysis tool. TOWS matrix is used by the organization to get better analysis of all these external factors and internal factors for the business analysis process. In this matrix various strategic options that can be used by the organization to get effective result in the end for the marketing process. The analysis is performed through a matrix in which threats and opportunities of organization are evaluated for the strengths and weaknesses of the ALDI Supermarket. This is one of the most effective tools that is used by the business organization to evaluate new and effective business strategies for the business organization. TOWS Matrix for ALDI Supermarket OpportunitiesofALDI Supermarket Customerscanbe attractedbyprovide range of products that are effective for them. Organizationcan targetemerging marketforhigher performanceinthe target market. ThreatsofALDI Supermarket Otherorganization likeTescoPLCand Sainsburyaremajor threatfortheALDI Supermarketin United Kingdom. StrengthsofALDI Supermarket Thepricingpolicy that is used by ALDI supermarketismost effectivefor organizationinthe market place. Effectivepricingof the company product andhighrangeof products can improve the customer base of organization. Customer support and savingsthatare Effective environment intheorganizational store can be used by the organization to get competitive advantage overother organization.
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ď‚·Discount policy that is usedbythe organizationis efficient to get better result in target market. ď‚·The environment that ispresentinALDI Supermarketis effectivefor employeesand customers. ď‚·The level of customer support is better than other supermarkets in localandinternal market. ď‚·Duetoless operational cost of the organization operations savings of theorganizationare much higher. ď‚·The products mix that isusedbythe organizationismuch effectiveforthe businessofALDI Supermarket. performedbythe organizationcanbe used by the company to earn high profit in target market. ď‚·Lowoperationcost andeffective marketing mix can be used by the business organizationtoget better result in market place. WeaknessesofALDI Supermarket ď‚·Rangeofnew productscanbe includedinthe ď‚·Lowcostsales process can help the companytoimprove
Due to high discounts marginalprofiton eachproductislow for company. Employee satisfaction islowforthe company. Duetolowcost productspenetration of organization is low forALDI Supermarket. supermarket to attract more people in ALDI Supermarketstore. Thisishowby attractingore customersCompany canimprovetheir marginal profit. High cost and quality products can be added to the company store toattractnew customers to earn high marginalprofitin target market. theirprofitinthe marketplaceand allow them to improve their positioning in the target market. Strengths – Opportunities There are different opportunities organization have in market place that can help the organization to improve their performance in market pace to get better revenue and profit in market place(Hastings and Stead, 2017). Organization can uses their strengths to utilise the current market opportunities of market place. Weaknesses – Opportunities There are different challenges and weaknesses are faced by the organization in the business organization. This is important for them to analyse their strengths in order to minimise the negative factors in the business process in order to improve the business operation and marketing operation in the market place. Strengths – Threats
There are different threats organization have in competitive market that can affect their performance and revenue in the market place. it can reduce their customer base and affect their marginal profit of the ALDI Supermarket. Weaknesses – Threats This is related to the how the weaknesses are related to the threats of the market place and what strategies can be used by the organization to get better result from the target market. in this analysis weaknesses of the organization are analysed for the threats of the global market. Marketing objectives On the basis of above TOWS analysis different strategies and objectives can be selected for organization to improve the performance of the organization in sales in target market. The objectives that are selected for the marketing department will be related to the range of products that are provided by ALDI Supermarket, utilization of monetary resource in process of marketing to get better result in target market and perform marketing to generate trust and effective communication between organization and customs. These are main objectives which are decided to improve the performance of ALDI Supermarket in target market. ALDI supermarket is possess of lack og product range which is not good for the organization to attract more customer. Range of new products and service can be added to the company store to offer high range of products to target customers for higher satisfaction and better profitable result for organization in market place. High range of product will offer high level of selection criteria to the customer and it can be utilised by the organization to attract people with different needs(De Mooij, 2018). By promotionofrangeofservicesandproductsoforganizationmarketingdepartmentof organization can perform efficiently to improve he performance of the organization in target market. It is also one of objective for the marketing department of the ALDI Supermarket to make effective relationship with customer. Ai behind this objective is to develop trust between organization and the customer to makr effective and long tern relationship between them. This is how organization can improve their long term customers to complete their long term business goals. Other objective of ALDI Supermarket is related to the utilization of financial resources in the organizational process to get better performance in the market place. ALDI Supermarket have to make investment in the organization processes to offer better and effective services to target
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customers. By this process they will be able to gain high effective operational efficiency with in the organization to get better result in the internal and external performance of company. Marketing Mix for ALDI Supermarket Marketing mix can be considered as the process or set of actions, plans and tactics that ca be used by the organization in the promotion of products and services in target market. There are main 4 p’s of marketing which are needs to the considered in the marketing mix process in order to get better response from the customers of the organization(Atwal and Williams, 2017). These elements of the marketing mix for ALDI Supermarket are- Price, Products, promotion and place. These areas can be targeted by the organization to get better response from market place. Price Thisismajorconcernforthecustomeroftheorganization.Therearedifferent consideration need to be made for the performance of the organization in the target market. Customers decision making process is highly influenced by the price of the products that is offered by organization in target market. Effective pricing policy can be used by the organization to better response from the target market(Peattie, 2016). In current time organization is using low cost policy that can help the organization to better result from target market. For example effective pricing can be decided to achieve maximum sales in the market place. Company can address people of various economic background to get better result from target market. Products This other P of marketing that can be targeted by the organization to improve the marketing of organization in target market. Currently the range of the products that are offered by the company are less in numbers and this is not possible for the organization to address large number of people with this range of products(Percy, 2018). Company can target different people from market by adding different products to their store for sell. This is how company will be able to target the people who are from high economical background. This is how by increasing range of products in market place organization can improve their customer base and they also can get effective result with their performance in the market place. Promotion
Promotion are the activities that can be used by the organization to improve their sales in target market. Promotion process used by the company is not that effective to offer high competitiontothelocalcompetitorslikeTescoPLCSainsburyandotherretailstores. Organizationcan improve theirmarketingand promotionactivitiesby using newdigital technology. Technologies like artificial intelligence and various information system can be used by the organization to target large group of people on global and local market to improve the number of sales of organization. Company also can use social media platform to improve their sales in market place. By using digital sales platform organization can improve their performance in target market. Place There are different sales and supply chain processes are used by the organizations to sell their products in the target market. Two main supply chain processes that are used by the business organization. These two channel which are used by organization in market place are offline and online channel(Shaw, 2016). The offline channel of ALDI is much better than the online sales channel of company. Organization can improve their online sales channel to get better result with their sales in the market place. By this process company also can target range of people in target market to improve current sales performance. Description on how ALDI can improve levels of customer service. Customer service termed out as one of crucial function of an enterprise that can assist to enterprise to undertake the business practices in proficient manner. Better customer service leads to retain customers (Thiasyura, Utami and Padmalia, 2017). Brand reputation of the enterprise can only be good if they able to render the better customer service. Customer service can be termed out as one of golder key to successful business. Thus, employees of enterprise must offer training facilities that enables the Aldi to eliminate the waste and to offer improve customer experience. In addition to this, there are number of techniques that can be helpful to enhance and bring in the customer service level. Therefore, suggestive measures are given in terms to bringing improvement in customer service level for Aldi and these are outlined as-: 1.The chosen enterprise can offer special training facilities to their employees so that they can able to develop their skills. It will help to employees to understand their customers
issues. In addition to this, customer service must be given to employee to generate better level of understanding of customer experience. 2.There is enhancement in the need for integration by the implication of varied marketing plan of action at different level of stages to enhance customer experience in more effective manner. In order to promote the marketing campaign, the Aldi must take the attractive promotional plan of action that assist to create the awareness in relation to product and service offered by enterprises (Tomassa and Rachmawati, 2020). Thus, retail entities must use social media tool as this aids to share positive experience in retail reviews and with the use of social media tools that influence the future consumers perceptions. 3.Aldi needs to train employees and staff to use the technical equipment that can aids to create the effective communication with customers. Thus, employees must take continual feedback from customers and this facility can aids to retain with them for longer period. 4.The chosen entity must use the cross sell at every turn. This can be one of the effective way to enhance the sales within the enterprise. It works as to added cost of separate marketing campaign to makes the entities sales improved. For example- If customer sells the camera and sales person offer a complementary bag with camera along with purchase. Hence, it can be one of the effective way to retain and enhance customer for longer period. 5.The effective and efficient customer service is not about to being responsive.The sale authorities must have depth knowledge about the brand. In addition to this, sharing knowledge can be one of the effective way to value customers and provide them a place to go when they need any advice (Tomassa and Rachmawati, 2020). This can be one of the effective and attractive way to enhance the brand image of the enterprise. 6.The chosen enterprise must use the retail CRM software as this assist in managing customer with the help of past and future purchase, healthy communication and aids to manage overall shopping experience. In addition to this, CRM aids to sales merchandiser to maintain the relationship with customers. As this allows to track the working status of salespeople.
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7.The another way to enhance customer attraction and retention to entity is to create the referrals with use of an incentive approach. With the use of referral reward programme the entity can able to enhance the brand image of the enterprise. Henceforth, this can be stated that the entity must takes the proper understanding of the customer services that aids to hire and train the professionals with implication of right skills. Thus, staff member of the sales must have the skills such as empathy and patience to keep the deal in professional manner. This can be one of the effective way to keep the employee in more confident and positive aspect. It is crucial to get engage with customers as this is one of the essential party of understanding the customers lifestyle. Henceforth, collecting the highly valuable data requires retail management techniques to track the customer purchase histories and makes the meaningful interaction across the all channels. It can be one of the effective way to attract customer and to enhance retention for longer period. CONCLUSION THIs report is concluding importance of marketing process and promotion form ALDI Supermarket. There are various things has been considered in the report to provide better suggestion to the company in order to get better result with their sales in the target market. TOWS Analysis of the organization has been performed in the study to evaluate the strategies to improve the marketing operation of ALDI Supermarket in local and global business market. The marketing objectives that are provide for the organization also has been evaluated in the report. marketing plan for company also has been formed to improve the marketing mix and promotion campaign of company.
REFERENCES Books and Journals Atwal, G. and Williams, A., 2017. Luxury brand marketing–the experience is everything!. InAdvances in luxury brand management(pp. 43-57). Palgrave Macmillan, Cham. Chaffey, D. and Ellis-Chadwick, F., 2019.Digital marketing. Pearson UK. De Mooij, M., 2018.Global marketing and advertising: Understanding cultural paradoxes. SAGE Publications Limited. Hastings, G. and Stead, M., 2017.Social marketing. Taylor & Francis. Keegan, W.J., 2017.Global marketing management. Pearson India. Peattie, K., 2016. Green marketing. InThe marketing book(pp. 595-619). Routledge. Percy, L., 2018.Strategic integrated marketing communications. Routledge. Shaw, S., 2016.Airline marketing and management. Routledge. Thiasyura, H.G., Utami, C.W. and Padmalia, M., 2017. Plan Determination for Promotion Mix for SKETCH!.Jurnal Entrepreneur dan Entrepreneurship.6(2). pp.63-70. Tomassa, B. and Rachmawati, E., 2020. Developing a Marketing Strategy Based on Market Segmentation Through Clustering Method in Food and Beverage Industry in Bandung: Case Study of Bola Ubi Yama.KnE Social Sciences. pp.1080-1105.