2MARKETING MANAGEMENT Executive summary Online Grocery Sales is one of the most important markets that is gaining ground in the modern day scenario. This assignment has dealt with the company called Shahi India that is selling a wide range of Indian products in the online market. However, they are about to face many problems as there are many big competitive firms that are already active in the International online grocery business. They have to bring about many important and innovative strategies so that they can prosper in the long run.
3MARKETING MANAGEMENT Table of Contents Introduction......................................................................................................................................6 Case Background.............................................................................................................................6 Provide a brief descriptive background to the organisation and the product or service..............6 Planning or theories.........................................................................................................................7 Strategic planning/ core and distinctive...........................................................................................7 Values...........................................................................................................................................7 EXPLORATION..........................................................................................................................7 VALUE CRATION.....................................................................................................................7 VALUE DELIVERY...................................................................................................................7 External Environmental analysis.....................................................................................................7 Marketing metrics............................................................................................................................7 Competitor analysis.........................................................................................................................7 Marketing observation.....................................................................................................................8 Marketing planning..........................................................................................................................8 Pest...................................................................................................................................................8 swot..................................................................................................................................................8 Situation Analysis -..........................................................................................................................8 1) Demographic segmentation.....................................................................................................8
5MARKETING MANAGEMENT Price...............................................................................................................................................14 Promotion......................................................................................................................................14 Existing strategies..........................................................................................................................14 Proposed strategies........................................................................................................................14 Promotion......................................................................................................................................16 Promotion...................................................................................................................................16 Existing strategies..........................................................................................................................16 Comprehension of marketing planning theory and concepts........................................................17 Analysis of internal marketing environment and development of SWOT....................................17 Marketing strategy.........................................................................................................................17 Marketing implementation.............................................................................................................17 Evaluation and controls.................................................................................................................18 Conclusion.....................................................................................................................................18 Referencing....................................................................................................................................19
6MARKETING MANAGEMENT Introduction Shahi India is one of the most important and leading producers of the Indian range of Grocery items. They have a wide range ad variety of Indian spices and Indian food items. Their attempt is to carry forward this rich taste of Indian flavour and culture to the people living far in the distant land of Australia. The branch of the shop makes sure to carry the taste and the rich qualities of the Indian products to the customers who are staying in Australia (Shahi India. 2018). They are mainly committed towards the sale of the Indian grocery items in the different areas of Australia. However there are surely some or the other kinds of barriers that the company has to face while selling their products online. The kinds of barriers that they face are inability of raising sufficient amounts of funds that may be required for the purpose of gathering and sustaining the people or the customers. Case Background Provide a brief descriptive background to the organisation and the product or service Shahi India is one of the most eminent and leading producers of the Indian spices and the Indian grocery products to all the people living in Australia. This organization mainly deals in the production of the Indian Grocery products like the spices, packed food items, vegetables and other such online grocery products. However, in this context it has to be seen that the progress of this company is largely dependent on then internal and the external factors that are prevalent in the Australian market. This company is trying their level best to sale the Indian products like a
7MARKETING MANAGEMENT wide range of drinks, masala, drinks and many other such Indian flavour products. However there are some or the other kinds of problems that the company might be facing. They are trying heir level best tom provide the online and the home delivery services for their customers. They are trying to make sure that the customers are getting all the possible facilities that will help them to have a great shopping experience. Planning or theories Strategic planning/ core and distinctive Values The company Shahi India is carrying out all their values in a proper way. They are making sure that they are being able to satisfy their customers by all means possible and providing them the best possible solutions. They have to conduct many seminars and employee training sessions where they will be training their employees in a proper way. They have to upgrade their company values and principles so that they can rain their employees properly. EXPLORATION The company Shahi India will have to explore many other big firms that are already working in the market. They are trying their level best to make sure that they can upgrade their principles and their strategies so that they can give a good competition to their customers. VALUE CRATION They can carry on with their value creation method by making sure that they can
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8MARKETING MANAGEMENT VALUE DELIVERY Desired value-The customers mainly desire a healthy and tasty product from the Shahi India Company. Thus the company is trying level best to include a wide variety of products like fresh fruits, vegetables spices, juices and other such products. Perceived value-The Company makes sure that the customers are also getting the right kind of benefit after buying the products from this market. This will help them to maintain a good reputation in the online grocery market. External Environmental analysis Competitor analysis There are some or the other kinds of competitions that are present within the Australian environment. Some of them are like the Big basket, Amazon online sales and others. These online groceries are trying their level best to make sure that they are being able to attract the attention of their customers. The Shahi India company has to develop many powerful strategies so that they can use it Marketing observation Marketing planning The Shahi India Company plan their goals and objectives in a proper way so that they can achieve it in a time effective manner. They will set the goals and the principles in a proper way so that they are able to attain their goals in a proper step by step manner.
9MARKETING MANAGEMENT Swot 1.follows the political rules Will make their name and fame strong in the Australian government. 2.High rate of economic growth of the city more chance of buying the product. 3.Paying the income tax make them more strong 4.Use of technology provide the comfort to customer like online shopping 5.More Indian people surrounding more chance of sale. 6.Providing the offer will make competition low Threats: 1.Forgot aboutfollows the rules of importing make them in trouble. 2.Fluctuation in economic growth will affects the sales. 3.If they Not paying income tax, make their Reputation low. 4.Sometime losing the password of tile machine make them trouble. 5.Not proving the product of other culture effect their sale. Sale of Indian product by big companies like Woolworth effect their sale Situation Analysis - 1) Demographic segmentation This is one of the simplest form of market segmentation, This mainly includes the contexts like age, earning, gender and many other such factors. As far as Shahi India is concerned this will mainly appeal to the NRIs who are settled in Australia. They will be happy to get a wide range of
10MARKETING MANAGEMENT Indian flavors of food. This will make a huge appeal to all the people who belong to the teen age or the age group 15 to 20 years and beyond. In this modern 21stcentury people are often very active on the online shopping sites or on the social media platforms. This will help the company to target the customers who are then active users of the online sites for shopping. 2) Behavioral segmentation This will help the company in finding the right group of customers that have the highest demand for the food products that are offered by the company Shahi India. One of the good customer groups are the young people who are into the academics or even in the line of games and sports. This will help them make a direct appeal to these people who are in need of nutritious health products and energy drinks(Jia,Wangand Xiong 2017).They will find the company Shahi India very helpful for them as they can get a wide variety of tasty and healthy fruit juices in the online sites of this company. Apart from this, they will be able to appeal to the old and the aged sections of people as well. This is because of the fact that the old and the elderly people will always try to have some fresh fruits, vegetables and other products. The young people will also have a good appétit for the various new and innovative products like the chutney, pickles, biscuits and other such Indian flavored goods. 3) Psychographic segmentation This segmentation mainly refers to those customers who determine their purchasing behavior through the behavioral or the psychic pattern of the customers. This is mainly because of the fact that the customers often take the purchase decision because of their lifestyles. People who belong to a good income or earning group will be able to buy products from the online
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11MARKETING MANAGEMENT grocery stores. This will also make a good appeal to the old and the elderly sections of people. They have turned old and will naturally be in demand for getting some healthy, natural and pure products. This will help them to stay healthy and stay healthy. 4)Geographic segmentation This is one of the most important market segmentation of the Shahi India market. This is mainly because of the fact that this market is trying to appeal to the people who team to get a good and satisfying taste of the Indian products even when in out of India. As far as the name suggests, the Shahi India market is trying its level best to satisfy the demands for the customers who are living in abroad that is in Australia but are in the dire need for the products. In other words, they are tired of tasting the some and the reheated products. It is for this reason that they want to get the taste of the hot and the spicy taste of the products that are made in the pure Indian style. This will help the company to make a stringer appeal to the customers who are living in Melbourne but are able to taste a wide range of products. The other important aspect is that no matter wherever the customers are staying they will be able to get their orders delivered at right at their doorsteps. The company Shahi India is, making it possible that no matter wherever the customers are scattered in Australia be it Springvale, Malvern or any other parts, the Company Shahi India is being able to deliver the products in a fresh and pure form so that they are being successful in bridging the gap between the customers and the products that they are delivering.
12MARKETING MANAGEMENT Political This is one of the most important aspects of the external environmental analysis that must be maintained by the company. The company Shahi India has to keep in mind that they are to abide by all the rules and regulations that are made by the Australian Government. This is mainly because of the fact that in order to survive in this long run the company Shahi India has to work very hard in order to get a good position. They can do the same by understanding and abiding by all the rules and laws of the country where they are trying to prosper. They need to take into account the charges of import and export in Australia.The Political condition of the country is more or less stable and safe for the company(Jia, Wang and Xiong 2017).However the company Shahi India has to realize that there are some or the other aspects prevalent within the Australian political environment. Economic It is time that the company Shahi India must strengthen their position in the economic field. This is mainly because of the fact that there are many changes taking place in the economic sphere of Australia(Alawamleh, Ismail and Hammad 2017).As compared with the market the basic returned over is around $50000.The company has to make sure that they are not falling back anywhere in the competition. They have to increase the number of their outlets so that they can meet with the demands of the people.
13MARKETING MANAGEMENT Legal Shahi India has to make sure that even if they are importing the goods from India they have to abide by the legal procedure of Australia In other words, they have to abide by the rules and regulations that are set by the Australian Government. Technological In this modern day scenario, the company is using all the technological advanced methods in order to work over their marketing strategies. This is one of the most useful and good methods for the purpose for advertisement of their products. Social Socializing is one of the most important tools that they are using for the purpose of socializing. This is mainly because of this fact that they are taking part in many of the social gatherings and festivals. Competition The competition is increasing at a very rapid rate. It is for this reason that the company has to work over the offers and the discounts that they are offering to their customers. They have to work over their strategies so that they can offer their customers with some advantages over their competitors. Opportunities:
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14MARKETING MANAGEMENT 7.follows the political rules Will make their name and fame strong in the Australian government. 8.High rate of economic growth of the city more chance of buying the product. 9.Paying the income tax make them more strong 10.Use of technology provide the comfort to customer like online shopping 11.More Indian people surrounding more chance of sale. 12.Providing the offer will make competition low Threats: 6.Forgot aboutfollows the rules of importing make them in trouble. 7.Fluctuation in economic growth will affects the sales. 8.If they Not paying income tax, make their Reputation low. 9.Sometime losing the password of tile machine make them trouble. 10.Not proving the product of other culture effect their sale. 11.Sale of Indian product by big companies like Woolworth effect their sale Marketing mix Product The company shahi India has selected the right kinds of products for the purpose of staying in the proper competition. This helps the company to find out strategies that will enable to stay in the tough competition. Promotion
15MARKETING MANAGEMENT The promotion of the products is usually done by the company through their online sites. They usually take the help of mediums like advertisements; pop up me us in order to reach out to their audiences. Existing strategies They use strategies like taking part in many of the social festivals and gatherings so that they can make their products acceptable by the people of the Australian society. Proposed strategies In order to make sure that their products stay in the competition even in the long run, the company will have to make sure that they are utilizing many new kinds of strategies like using a personalized call to action strategy(Hatheway, Kwan and Zheng 2017). In this strategy, the company needs to work much more over their web pages and their online strategies. They have to add some new and helpful buttons in their web pages or ordering ages like add to cart or the buy now option. Place Promotion In order to select the right place, the market mainly sells the products in their online sites. This is mainly done because the market sells the products on online(Ahmed 2018). This is mainly because of the fact that trend for the online marketing has rapidly increased in the modern
16MARKETING MANAGEMENT scenario. They have added a wide variety of their products like Indian spics, biscuits, juices and many other such Indian flavoured products. Existing strategies The strategy that they are using in the present scenario is selling a wide range of products in their online portals. They have added a wide variety of products so that the people or the customers who are trying to purchase the products online can do it with an ease. They are also trying their level best to make sure that they can reach out to a large number of customers. Proposed strategies Shahi Company has to make sure that they are being able to appeal to a mass number of customers. In order to stay in the competition they have to develop many new strategies like opening up new stores. In other words, till now they have been operating only in the online stores. Thus, from now onwards, they have to develop many new stores out of their online strategies. In other words, they have to develop many new physical and offline stores so that they can appeal to a greater number of people. Price Price is the product at which the company is trying to sale their items in the market. In order to make sure that the company is able to make some profits they have to set the price accordingly. Promotion In the current scenario, the company Shahi India is making some products by selling their products at a price that is affordable by all.However they have to set some offers or discounts that will be helping them to appeal to a large number of customers. This will help them to make
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17MARKETING MANAGEMENT sure that they are being able to make some kinds of profits out of the business that they are carryon out. Existing strategies They set the price as per the demand that is created in the market. However now they have to make sure that they are being able to stay at par with the other companies that are working in Australia. Proposed strategies They have to make sure that they are being able to give a boost to the existing supermarkets in Australian Melbourne. In order to do this, they have to set many new discount offers and free gifts along with their product prices. This is mainly because of the fact that the customers will be in search of many new products that are available at affordable prices.
18MARKETING MANAGEMENT Promotion Promotion This is one of the most important aspects of marketing where the company has to promote their products but connecting or communicating with their customers. They mainly include the strategies like advertisements, personal selling and other such products. Existing strategies In the current existing scenario, it is seen that the company Shahi India is mainly trying to promote or advertise their products through the online marketing systems. This is done by selling the products online by including a very rich and wide variety of products. Proposed strategies One of the important strategies that they can use is the making their ecommerce site upgraded and mobile friendly. It has been seen that as per the Google survey, about 61% of the customers that were active on the online marketing sites have left as it was not mobile friendly. It is for this reason that the Shahi India Company will have to do a lot of innovations and up gradations in order to make their app much more usable and mobile friendly.
19MARKETING MANAGEMENT Comprehension of marketing planning theory and concepts Provide an introductorystatementfor eachrelevantsectionthatestablishesa theoretical foundation for the approach taken in analysis and the plan’s development. Analysis of internal marketing environment and development of SWOT Usethissectiontobuildontheexternalenvironmentalanalysisandidentifyhow opportunities and threats can be responded to based on internal strengths and weaknesses From the SWOT the critical issues should be identified Marketing goals and objectives To develop a strong online presence It is specific in nature because without proper online presence they will not be able to develop a good reputation in the overall market. It is also measurable as it will take place within a specified period of time. It will take place within a span of 6months. It is also achievable in nature and it will be done by within a span of six months. The work will be carried on in a step by step manner. These are also realistic in nature as developing a good online presence is one of the basic criteria for Shahi India to make sure that they are being able to provide some added and better benefits to the customers.
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20MARKETING MANAGEMENT Marketing strategy Marketing implementation The company will have to start many new programs and seminars where they will set the employee training program. They will have to bring in the best possible knowledge so that they can develop themselves. Apart from this, they have to get many investors for themselves so that they can gather a good amount of capital with them. It will help them to gather a good amount of money so that they can bring in the best and the updated kinds of expertise. Evaluation and controls Outline the controls that will be used to monitor progress and allow for future review of implementation Conclusion Thus, it can be concluded that Shahi India is doing a good work by bringing in the flavours of India to the NRIs and also the other people who are residing in Australia. However as they are a small enterprise, they have to make sure that they are upgrading themselves and trying to bring in all the modern and the latest technology.
21MARKETING MANAGEMENT Referencing Ahmed, W., 2018. Governing Foreign Direct Investment: Post-Enron Initiatives in India.Review of Radical Political Economics,50(1), pp.5-23. Alawamleh, M., Ismail, L.B. and Hammad, D., 2017. Willingness of Jordanians to shop for grocery online.International Journal of Business Forecasting and Marketing Intelligence,3(3), pp.309-326. Alt, J. and Iversen, T., 2017. Inequality, labor market segmentation, and preferences for redistribution.American Journal of Political Science,61(1), pp.21-36. Ang, C. and Rusli, H., 2018. The Impact of Marketing Mix 4Ps and Consumer Behavior toward Purchase Decision of Adidas Products.iBuss Management,6(2). Baiochi, S.V.F., Severgnini, E., Batista, M.J. and Abbas, K., 2019. Competitors’ cost analysis: a study with companies of the Brazilian sugarcane industry.Contaduría y Administración,64(2), p.92. Banham, H.C., 2010. External environmental analysis for small and medium enterprises (SMEs). Journal of Business & Economics Research,8(10), pp.19-26. Benson, H. and Helzer, J., 2017. Central Valley Culinary Landscapes: Ethnic Foodways of Sikh Transnationals. BusinessDictionary.com.2018.Whatismacroenvironment?definitionandmeaning- BusinessDictionary.com.[ONLINE]Availableat:
22MARKETING MANAGEMENT http://www.businessdictionary.com/definition/macro-environment.html. [Accessed 17 December 2018]. Fahad Muhammad Umar. (2013). Global business strategy: A case study of Coca-cola company. Stratford college of business and Management UK Feedough. 2018.Marketing Environment: Explanation, Components, & Importance | Feedough. [ONLINE]Availableat:https://www.feedough.com/marketing-environment/.[Accessed17 December 2018]. Festa, G., Cuomo, M.T., Metallo, G. and Festa, A., 2016. The (r) evolution of wine marketing mix: From the 4Ps to the 4Es.Journal of Business Research,69(5), pp.1550-1555. Grönroos, C., 2016. Modern Marketing–and.Marketing in Evolution: Essays in Honour of Michael J. Baker, p.14. Gummesson, E., 2015. 14. From relationship marketing to many-to-many marketing.Handbook on research in relationship marketing, p.301. Harris, P., Dall’Olmo Riley, F., Riley, D. and Hand, C., 2017. Online and store patronage: a typology of grocery shoppers.International Journal of Retail & Distribution Management, 45(4),Munson, J., Tiropanis, T. and Lowe, M., 2017, November. Online grocery shopping: Identifying change in consumption practices. InInternational Conference on Internet Science (pp. 192-211). Springer, Cham. Hatheway, F., Kwan, A. and Zheng, H., 2017. An Empirical Analysis of Market Segmentation on US Equity Markets.Journal of Financial and Quantitative Analysis,52(6), pp.2399-2427.
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23MARKETING MANAGEMENT Heard, A.M., Harris, J.L., Liu, S., Schwartz, M.B. and Li, X., 2016. Piloting an online grocery store simulation to assess children's food choices.Appetite,96, pp.260-267. Jagannathan, R., 2018.The Jobs Crisis in India. Pan Macmillan. Jia, C., Wang, Y. and Xiong, W., 2017. Market segmentation and differential reactions of local and foreign investors to analyst recommendations.The Review of Financial Studies,30(9), pp.2972-3008. Khan,M.Z.H.,Chen,S.,Khan,M.J.U.andChowdhury,M.,2017,July.'HasteMakes Waste'or'Slow is Smooth, Smooth is Fast'? A Study of Venture Capital's Future Growth in Bangladesh.InManagementofEngineeringandTechnology(PICMET),2017Portland International Conference on(pp. 1-10). IEEE. Lakshminarasimhan, S., 2017.Cooking “India”: Identities and Ideologies in Indian Cookbooks from the Nineteenth Century to the Present Day(Doctoral dissertation, University of Akron). Mehtab, W., Singh, N., Malhotra, A. and Makharia, G.K., 2018. All that a physician should know about gluten-free diet.Indian Journal of Gastroenterology, pp.1-10. Resnick, S.M., Cheng, R., Simpson, M. and Lourenço, F., 2016. Marketing in SMEs: a “4Ps” self-branding model.International Journal of Entrepreneurial Behavior & Research,22(1), pp.155-174. Shahi India. 2018.Buy Buy Discount grocery products online in Australia - Shahi India. [ONLINE]Availableat:https://www.shahiindia.com.au/todays-offer.html.[Accessed17 December 2018]
24MARKETING MANAGEMENT Thun, E., 2018. Innovation at the middle of the pyramid: State policy, market segmentation, and the Chinese automotive sector.Technovation,70, pp.7-19. Tumbe, C., 2018.India moving: A history of migration. Penguin Random House India Private Limited. Wirtz, J. and Lovelock, C., 2016.Services Marketing: People, Technology. World Scientific Publishing Company. Additional Information (Appendices) Environmental Analysis: Based on the frame work analysis of external market environment of the environment of the "ShahiIndia" is written as following: Political trends:While working with Australian government, It is very important that "Shahi India" make sure that they were have knowledge of the political situation of the Australian government and must follows all the importing rules of the Australian Government. But now "Shahi India" is ready to face any problem in concern with the political issues.
25MARKETING MANAGEMENT Economic Growth: It is very important for the "Shahi India” that make their economic growth strong. As compare with the market the basic returned over is around $50000. As the customers is increasing is also expected that the growth of the shop will increase. In case of the employment rate of the Melbourne is higher so the customer can buy the product very easily. They need to analysis their all the economic growth on the week or monthly rated so that they can expand their business more from on state to another so that other Indian who are living out their country can taste the real taste of an India. Legal: For any business no matter for small and big it is very important that they are follows all the legal rules and regulation of the country where they are doing works. For "Shahi India" make sure the product they are importing from the India till selling are follows all the rules of the Australian Government. Make sure the all the taxes pay by shop. Technological: Nowadays, "Shahi India" are using online transaction payment method which is done by technological environments. To improve the growth of the shop it is important to use technology to advertise their business. Shop is participating some events with the use of technology which effects the overall purchase. Social: For the " Shahi India it is very import to make sure that product they are selling is accepting by the society of the people. For making their social circle stronger nowadays they are participating so many groups and festivals so that they can be the part of the society and people will like to come their shop.
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26MARKETING MANAGEMENT Competition: As the people know the competition is increasing in this way it is important for "Shahi India" to provide so many offer and deals so that the customer will happy to shop. With the distance of 20Km there other Indian glossary shop which increase the competition. Summary of Opportunities and threats: Opportunities: 13.follows the political rules Will make their name and fame strong in the Australian government. 14.High rate of economic growth of the city more chance of buying the product. 15.Paying the income tax make them more strong 16.Use of technology provide the comfort to customer like online shopping 17.More Indian people surrounding more chance of sale. 18.Providing the offer will make competition low Threats: 12.Forgot aboutfollows the rules of importing make them in trouble. 13.Fluctuation in economic growth will affects the sales. 14.If they Not paying income tax, make their Reputation low. 15.Sometime losing the password of tile machine make them trouble. 16.Not proving the product of other culture effect their sale. 17.Sale of Indian product by big companies like Woolworth effect their sale