This report discusses the importance of marketing campaign for ALDI, a famous discount supermarket in the UK. It covers topics such as Marketing TOWS, formulation of objectives, examination of marketing mix plan, and a proposal to improve the level of customer services.
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Table of Contents INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 Marketing TOWS for ALDI and explanation of marketing audits..............................................1 Formulation of 3 marketing objectives........................................................................................3 Examination of the marketing mix plan that have been proposed to achieve objectives............4 Proposal on the way in which ALDI can improve its level of customer services as a part of marketing campaign.....................................................................................................................6 CONCLUSION................................................................................................................................8 REFERENCES................................................................................................................................9
INTRODUCTION Marketing management can be defined as an organisational discipline which is highly focused with the application of various types of methods that are beneficial for performing marketing activities in systematic manner. Main purpose of it is to make sure that all tasks which are focused with enhancement in customer engagement are performed in systematic manner so that higher profits could be acquired(Aarikka-Stenroos and Ritala, 2017). Main aim of present report is to determine importance of marketing campaign for an organisation. For this purpose the enterprise which is selected is ALDI. It is one of the famous discount supermarkets of United Kingdom. This report covers various topics such as Marketing TOWS, formulation of objectives, examination of marketing mix plan etc. Apart from this, a proposal for the purpose of making improvements in the level of customer services are also covered in this project. MAIN BODY Marketing TOWS for ALDI and explanation of marketing audits ALDI is one of the largest retailers of United Kingdom and the marketing consultant of it is being asked to provide 12 months marketing campaign plan which should cover different tasks related to marketing. The tagline of it is Expressing Ourselves. In order to determine the objectives to formulate the whole campaign TOWS analysis is required to be conducted by the organisation. Detailed description of it is as follows: TOWS analysis:Its full form is threats, opportunities, weaknesses and strengths which is considered as variant of SWOT analysis. With the help of it, all the organisations may get aware of all the positive as well as negative elements that may affect business in favourable or adverse manner. In order to formulate the marketing campaign it is very important for ASDA to conduct a TOWS analysis(Cegliński, 2016). With the help of it, marketing consultant of the organisation will be able to formulate appropriate marketing objectives. It is conducted for ASDA and detailed analysis of it is as follows: ComponentsOpportunitiesThreats Designingnewmarketing campaigns High level of competition ExpansionindifferentLack of customer engagement 1
countries StrengthsSO (Maxi – Maxi) ST (Maxi – Mini)Large market share Focused with innovation WeaknessesWO (Mini – Maxi ) WT (Mini - Mini)Weak positioning strategies Limited global presence From the above table various strengths, weaknesses, opportunities and threats of ASDA are being identified. Analysis of all of interrelationship of all of them is as follows: SO (Strength – Opportunity):TOWS analysis is showing that ASDA have two major strengths which are large market share and focus on innovation. Both of them are benefiting the organisationtoexecutebusinessproperlyandattaincompetitiveadvantage.Twomain opportunities for the organisation are conducting a new marketing campaign and expanding business globally. All the strengths and opportunities are facilitating the organisation to carry out operations in systematic manner. By paying attention towards the growth options the enterprise will be able to reach its targets such as higher profits, productivity etc. All the strengths of the organisation will be beneficial to grab the opportunities because large market share will help it to make sure that if a new marketing campaign will be introduced by it then it will attract clients. While planning to expand business strength of high focus on innovation will be beneficial for it to work on it effectively (TOWS analysis,2020). ST (Strength – Threats):Two major threats which are faced by ASDA are high competition and lower customer engagement or footfall. It is very important for it to deal with both the threats properly so that business could be operated in systematic manner. In order to respond all of them marketing consultant of ASDA can use the strengths properly. High level of competition could be dealt by using latest technology as the entity is highly focused with innovation. Artificial intelligence could be used by it to attain high level of competitive advantage and be the market leader. On the other hand, strength of large market share will be beneficial to deal with the threat of lack of customer engagement because it can help to attract large number of customers when an organisation has captured huge part of market. By using all 2
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the strengths management of the entity will be able to deal with all the threats properly(Cortez and Johnston, 2017). WO (Weakness – Opportunity):The TOWS analysis is showing that two main weaknesses of ASDA are weak positioning strategies and limited global presence.In order to deal with all the weaknesses the management of the organisation can take advantage of opportunities as with the help of all of them the weak elements could be responded properly. For example, the global presence of the company is limited therefore by paying attention towards the opportunity of expanding business in different countries this weakness could be dealt. It will help to enhance global presence of the entity. On the other hand, by designing a new marketing campaign ALDI can strengthen its positioning strategies. WT (Weakness – Threat):There are various weaknesses and threats of ALDI. It is very important for the organisation to make sure that all of them are dealt properly so that business can grow. Some of them are weak positioning strategies, limited global presence, lack of customer engagement and high level of competition. In order to deal with all of them strategies such as designing new market campaign and expanding business could be adopted(Ellram and Murfield, 2019). In order to conduct the TOWS analysis marketing environment audit is being used which is as follows: Marketing environment audit:This audit is mainly used for the purpose of analysing objectives,activities,objectivesandenvironmentofanorganisationwhichisrelatedto marketing in comprehensive and systematic manner. While conducting TOWS analysis this audit is being used so that accurate and appropriate information regarding ALDI could be gathered. Formulation of 3 marketing objectives To increase customer foot fall by 20% in upcoming 5 months to increase number of customers. For businesses such as Supermarkets it is very important to have higher foot fall so that all the business goals could be accomplished. A new marketing campaign is being designed by ALDI therefore the consultant has formed and objective for the same which is making increment in the customer foot fall in upcoming 5 months. If this goals will be accomplished then total income of the entity could also be increased. In order to attain it all the sale force will be required to make sure that they attend each and every customer properly and try to respond appropriately 3
to their queries. With the help of it number of total customers could be increased by ALDI (Hackley, Hackley and Bassiouni, 2018). To enhance sales by 5% in forthcoming 12 months so that revenues could be increased. Another objective for the marketing campaign is making improvement in sales so that total revenues of the entity could be increased. It will aware customers regarding different products and services that are sold by ALDI which will help the entity to increase sales. When this aim will be achieved then the enterprise will be able to attain growth and development. There are various steps which will be taken by ALDI for the purpose of accomplishment of this objective. These are making sure that all the employees are working properly according to the guidance of leaders. Marketing campaign will spread detailed information about all the products that are being sold by ALDI in the market. With the help of its, awareness regarding all the items will be increased and it will result in higher sales for the organisation. To increase the profitability by 12% in next 8 months to enhance performance of business. The third objective behind designing of marketing campaign is increment in profits so that overall performance of ALDI could be improved. Marketing consultant have decided to use digital technologies to market all the goods that are sold by the organisation as it will help to reach maximum number of targeted audiences. With the help of it, possibility of generating higher profits could be increased because when digital platforms will be used for marketing purpose then it will help the firm to target large number of individuals. Marketing campaign will also be beneficial for the enterprise improve performance because when end number of buyers will buy its goods then profits will be increased. Higher profitability will result in good performance of whole organisation(Homburg, Jozić and Kuehnl, 2017). Examination of the marketing mix plan that have been proposed to achieve objectives Marketing mix:It can be defined as the combination of different elements which are related to the marketing of all the products and services which are sold by an organisation in the market. Several components of it are product, price, place, promotion, people, process and physical evidence. As ALDI have planned to design a new marketing campaign for the attainment of different objectives therefore the organisation will be required to alter all the elements of marketing mix(Järvinen and Taiminen, 2016). A plan for all of them which is being proposed to attain the goals is as follows: 4
Marketing Mix Plan Marketing mix elements Detailed analysis ProductAll the items which are sold by an organisation are considered as the products.Whiledesigninganewmarketingcampaignitwillbevery important for marketing consultant of ALDI to make sure that all the products that will be offered to the clients have good quality. It is essential for all the marketers to use the campaign to aware targeted audiences regarding all the products and services which are offered by ALDI to them. It will be beneficial to achieve the objectives of increased profits, sales and foot fall. When large number of customers will get aware of all the goods sold by the organisation then they will visit the stores and it will result in attainment of goals of entity(Krasyuk and et.al., 2017). PriceIt is the amount which is charged from customers for the item which is bought by them. As a new marketing campaign will be designed by ALDI therefore it is very important for the markers to make sure that they use effective pricing policies for all the products and services. While trying to market the items the marketing consultant is also responsible to aware all the targeted clients regarding prices of all of them. There are various types of pricing strategies such as penetration, competitive, economic etc. Currently competitive strategy is used to set price for all its products and in future penetration could be used by it. By using it the entity will set lower price for all its products at initial level to achieve objective of increased footfall and in future prices could be enhanced with the demand of them in the market. PlacePlace is the location where customers go and buy the products. While designing the marketing campaign ALDI will be required to make sure that its stores are easy to reach for all the customers. By paying attention towards this element the organisation will be able to achieve the objectives of higher sales and profits with increased number of customers. If the stores are not easy to reach for the customers then it may result in lower engagement level 5
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of them in operational activities(Kumar, 2016). PromotionIt refers to the activities which are performed by entities to attract large number of customers. The several methods which are used by ALDI for this purpose are advertisement, sales promotion. TV commercials etc. In order to achieve the objective of higher customer foot fall ALDI have planned to perform activities of online marketing. It will help to reach maximum number of individuals so that sales could be improved. PeopleAll the individuals working within the organisation are the people who contribute in growth of business. In order to achieve the marketing objectives of increased foot fall, sales and profitability ALDI have decided to provide training to sales force so that they can understand needs of customers. On the other hand, marketing consultant have also decided to provide additional incentives to staff if they work productively and attend clients properly. ProcessAll the procedures which are followed to perform operations are considered as the part of this element of marketing mix. As a new marketing campaign is being designed by ALDI therefore the marketing consultant have decided to make some changes in process of business execution. It has been planned that computers will be used across to handle different procedures. With the help ofitefficiencywillbeincreasedalongwithtimelydeliveriestothe customers. It will also help to achieve the objective of higher profits as on time delivery may help to enhance revenues along with profitability(Lambert and Enz, 2017). Physical evidence It is the element which provides characteristic of differentiation to the products and services which are sold by an organisation. In order to achieve the marketing objectives of higher profits, sales and customer foot fall marketing consultant of ALDI have decided to make appropriate changes in it. The organisation will collect feedback from targeted audience regarding packaging so that it could be improved and sales could be enhanced. 6
Proposal on the way in which ALDI can improve its level of customer services as a part of marketing campaign For all the organisations it is very important to make sure that effective marketing campaigns are designed so that level of customer services could be improved. Marketing consultant of ALDI have designed a new campaign therefore it is essential to develop a proposal to improve level of customer services. Detailed proposal for same purpose is as follows: Proposal StrategiesDetails Identifyingneeds of customers In order to improve level of satisfaction of customers ALDI have decided to identify the needs of clients with the help of new marketing campaign. With the help of it, all the products and services or changes in them that are required by targeted audience will be made. It will be beneficial for the enterprise to enhance their satisfaction level as they will get all those items that are required by them with high quality(Salo, 2017). Takingtimely feedbacks For all the entities it is essential to take feedback from customers on regular basis so that their issues could be identified and modifications in organisational procedures could be made. While designing the marketing campaign the consultant have decided to take proper feedbacks from the targetedaudiences.Afterwards,effectivechangeswillbemade accordingly for the purpose of improving level of customer satisfaction. This step will be beneficial for ALDI to meet the objectives of marketing campaign as it will help to make modifications in services which are rendered to the clients. Staff trainingIn order to attain success it is very important for all the entities to train staff so that they can work productively. It can help to deliver best services to the customers and enhance their satisfaction. While designing the marketing mix plan marketing consultant of ALDI have decided to conduct appropriate training programs for staff so that all the employees can work productively. With the help of this strategy organisation will be able fulfil all requirements of clients, visiting stores and resolve all their 7
queries as staff will be trained to communicate with them properly (Wagner and Eggert, 2016). Rewardingloyal customers It is one of the effective step which is being proposed by ALDI to take in future for the purpose of improving customer satisfaction level. The marketing consultant have decided to reward all the brand loyal clients who are buying products from supermarkets of ALDI. They will be rewarded with discount coupons or other bonus cards which could be redeemed by them in future whenever they require it. Resolvingallthe queriesof customers In order to achieve all the objectives which are related to marketing campaign ALDI is planning to make sure that all the queries which will be made by customers in stores will be resolved quickly. By paying attention towards this strategy the marketing consultant have planned to improve thelevelofcustomersatisfaction.Whenalltheirconcernswillbe resolved properly then it will help to increase their level of service(Ying- Ping and Hu, 2016). Payingattention towardscustomer relationship management It is one of the major steps which will be taken by ALDI for the purpose of improve level of customer satisfaction. The top level executives have decided to improve CRM by formulating new strategies. Focus upon it will be beneficial for the attainment of objectives which are related to marketing campaign. These are higher customer foot fall, profitability and revenues.Bymanagingalltherelationsproperlywithclientsthe enterprise will be able to increase their level of satisfaction. Marketing consultant of ALDI have decided to take all the above described steps to improve level of customer satisfaction. By paying attention towards all of them the organisation will be able to meet the objectives of marketing campaign. These are higher foot fall, revenues and profits(Ziemba, Jankowski and WÄ…trĂłbski, 2018). The whole proposal is focused with the improvement of level of customer satisfaction so that the consumer base of the entity could be strengthen for further growth. 8
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CONCLUSION From the above project report it has been concluded that marketing management is the process of making proper alteration in marketing related activities to enhance performance of business. While designing a new campaign to market products and services it is essential for companies to conduct TOWS by using marketing audit. Apart from this, specific objectives are also required to be formulated along with marketing mix plan to achieve them. Additionally, ways to improve customer satisfaction level are also required to be identified. 9
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