This report discusses the marketing campaign for ALDI, including TOWS matrix, objectives formulation, and examination of marketing mix plan. It also proposes improvements in customer service.
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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.....................................................................................................................7 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................10
INTRODUCTION Marketing management is defined as set of organisational discipline that are emphasised on applying differentmodes and methodswhich may provide advantagesto performed marketing activities within a business in a considerable manner. The key objective of this is to ensure that all the responsibilities which are operated with a view to increase engagement of customer in such a way that it lead to have higher profitability. This report is based on recognising marketing campaign to a business organisation. The company taken in this report is ALDI, which is one of the leading supermarkets in UK. This report includes TOWS matrix, objectives formulations, and examination of marketing mix plan. Along with this the report includes a proposal in order to have improvements and alterations in customer service so as to enhance individual’s experience.(Aiyer, Panigrahi and Das, 2018) MAIN BODY Marketing TOWS for ALDI and explanation of marketing audits ALDI is one of the huge retailer chains in UK and their marketing consultant is directed to submit their marketing campaign of 12 months which includes all the marketing related activities that they are planning to follow. The tagline given to the campaign is Expressing Ourselves. With the help of TOWS, objectives are recognised and then required measures are established by the organisation. TOWS matrix is explained as under: TOWS analysis:It is having four aspects and they are abbreviated as TOWS which are threats, opportunity, weakness, strength. This is called as a variation of SWOT matrix. This is helpful in analysing all the positive elements in a business and all those elements which may affect the business in an adverse manner. For formulating any marketing campaign, it is required to prepare TOWS matrix so as to attain marketing objecting in an appropriate manner. In the context of ADLI it is formulated as below: ComponentsOpportunitiesThreats Planningnewmarketing operations Competition at huge level. Developmentinnumerous nations Absenceofcustomer involvement. 1
StrengthsSO (Maxi – Maxi) ST (Maxi – Mini)Huge market segment emphasised on innovation WeaknessesWO (Mini – Maxi ) WT (Mini - Mini)Weak positioning strategies Restricted universal existence As from the aforementioned table different strengths, weaknesses, opportunities and threats of ALDI have been shown and their interrelationships are explained as under: SO (Strength – Opportunity):TOWS matrix shows that WALDI is having two key strengths which areHuge market segment and Emphasised on innovation. These both strengths are helpful for them in operating their business in a considerable manner and to achieve competitiveedgeinthemarketplace(Alhelalat,Ma’mounandTwaissi,2017). Twokey opportunities of ALDI are planning new marketing operations and Development in numerous nations. Strengths and opportunities are assisting the business in order to carry out all their business operations in an effective manner and to emphasis on growth opportunities so as to gain high profitability and higher productivity. The strengths are helpful for the business in finding new business opportunities in their industry so as to grab lager share in the marketplace. These strengths are helpful in attracting more customers as in the process of marketing campaign. Further in the process of business expansion these opportunities and strengths provide guidance in order to put emphasis on innovation and to cover high market share. ST (Strength – Threats):Two main threats seen by ALDI are Competition at huge level and Absence of customer involvement. This is very essential for ALDI to treat both of the threat in an appropriate manner so as to operate the business in an effective manner. With the purpose of operate and to reply to those threats, the marketing consultant use their strengths and due to which the threats are having low impact over the business. With the use of latest technologies the prevailing market competition can be dealt and with the help of innovation new marketing position can be hold ALDI. AI can be used by the business so as to renowned as market leader and to get high competitive edge in the marketplace. On the contrary, as company is having high market segment so this may be helpful for them to engage more customers and to decrease this 2
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threat. With proper utilising all the strengths, ALDI may be able to deal with their market threats in an appropriate manner. (Basil and Bassey, 2016) WO (Weakness – Opportunity):TOWS matrix is showing two major weaknesses of ALDI which is Weak positioning strategies and Restricted universal existence. With the purpose of dealing with these weaknesses, the organisation is supposed to take advantages with their opportunities so as to respond to their weaker element and to support their business operations. For instance, the worldwide presence of the organisation is restricted so in order to deal with this weakness the company is taking advantage from their opportunities and trying to expand their business throughout the world. This will assist to increase their worldwide existence. On the other hand, by variation in these marketing campaigns ALDI is able to widen their position in the marketplace. (Brink and Van Rensburg 2017) WT (Weakness – Threat):Various weaknesses and threats are faced by ALDI. It is very essential for the business to ensure that all these factors are operated in an effective manner so as to have business growth. Some of the weaknesses are Weak positioning strategies, Restricted universal existence, Competition at huge level, Absence of customer involvement. With the purpose of dealing these weaknesses and threats new marketing campaigns are designed and business expansion is made. With the purpose of TOWS analysis marketing environment audit is conducted which is explained as under: Marketing environment audit:The audit is majorly used for the objective of examining objectives, marketing activities and marketing environment that is associated with marketing in inclusive and methodical manner. While performing TOWS matrix, the audit is used to gather accurate and proper information about ALDI. Formulation of 3 marketing objectives To enhance customer engagement by 22% in next 6 months so as to enhance number of overall customers. For the business of supermarkets it is very essential to have high customer engagement so as to attain business goals and objectives. ALDI has designed a new marketing campaign for this objective for which the marketing consultants has made the plan so as to achieve their target of enhancing customer engagement with time frame of months. If the goal is met by the company then their overall income will be increased due to which they will have high ratio of earning 3
(Burden and et. al., 2016). For this purpose they are required some high skilled sales personnel which may provide help to the customers in their buying decision and solve their problems. By applying these tactics their sales will be enhanced and their customer engagement will be boosted. To increase sales by 5% in the next quarter which will enhance their revenues Another objective in the process of marketing campaign is helpful in upgrading the sales revenue of ALDI. This will help in enhancing their profitability as well. During this objective attaining process, the customer are given knowledge about product sold and kept by ALDI by their sales agents so as to give transparent information to the customer which will lead to have high sales (Chonko and Hunt, 2018). When the objective of high sales is achieved then business development will be adopted by the organisation. Various steps are followed by ALDI under this process of attaining high sales target. So under this all the employees are measured that they are working as per their given tasks and guidance of their manager. This marketing campaign will provide full proof information to the customer that what kind of products is sold by ALDI. So by knowing the full information the customer will be able to purchase their products without any hesitation and this will lead to high sales. To enhance the profit ratio by 15% in the coming 6 months so as to improve overall business performance of the organisation. This marketing campaign is designed for the purpose of enhancing overall profitability and business performance. So for this purpose marketing consultant has decided to adopt several digital technologies to sale their goods in the marketplace and to catch large customer number thereon. With the help of these digital technologies, high profit earning objective can be achieved due to which more customer will get attracted towards their products. Marketing campaigns are helpful so as to enhance overall business performance and to provide good sales result due to which profit can be maximised. Examination of the marketing mix plan that have been proposed to achieve objectives Marketing mix:Marketing mix is defined as sum of all the marketing elements which are associated with marketing of all the products and services which are provided by the business. It has different elements such as product, price, place, promotion, people, process and physical evidence(Garga and Bambale, 2016). ALDI is planning to develop new marketing campaign in order to achieve their various objectives. For this purpose ALDI is using marketing 4
mix in a very efficient manner so as to achieve all their goals. Their plan for marketing mix is described as under: Marketing Mix Plan Marketing mix elements Detailed analysis ProductSum of the items which are put for sale by the business organisation are called as products. As in the process of designing new marketing campaigns this will be very essential for the marketing manager of ALDI to ensure that all the products which are provided to customer are of high quality. This is essential for all the marketing personnel that they use this campaign in order to enhance awareness about their offerings so as to enhance awareness. This will be helpful for attaining the target of enhancing profits and sales so that to enhance customer engagement (Gye-Soo, 2016). When the customer will be aware then this will help in attaining the overall goals of the company. PriceThis represent to the amount which is taken from the customer in lieu of product of the company. The new marketing campaign which is designed by ALDI is using effecting pricing strategies for their product and services. On the other hand, marketing consultant is responsible to communicate their entire customer about their pricing strategies so as to maintain transparency. Numerous types of pricing strategies are available in the market such as penetration,economicandcompetitiveetc.ALDIisusingcompetitive pricingstrategiessoastosetpricesfortheirgoodsandtomaintain appropriate competition with their rivals. For this they will set lower prices and high discount or bundled products to their customer and as compared to their rivals. This will enhance their customer engagement and sales as well. PlaceIt is the location under which product or services are sold by the company to their customers. In order to design the marketing campaign, ALDI is ensuring that their stores are easy to reach and their stores are at prominent locations of the city. By this the organisation will be able to their aim of high sales and high customer engagement (Johnson-Snyder and Chandrasekran, 2017). If 5
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the stores are not easy to approach by the customers then they will have low foot fall of customers and due to which their sales will not de increased in desired manner. PromotionThis is defined as those activities which are exercised by business so as to attract huge customers so as to enhance their sales. Various methods are used by ALDI for this such as advertisement, sales promotion, TV commercials etc. With the purpose of attaining this objectives ALDI have planned to use some online promotional techniques such as social media marketing and pay per click promotions (Luiz, 2016). This will boost their sales and they will have high customer engagement. . PeopleAll the working employees in within an organisation which are having direct contribution in the growth of the business are called people. In ALDI. For the purpose of having increased customer engagement and sales ALDI has decided to provide relevant training to their employees so as to train them and to make them aware about market needs and customer needs. On the other hand, marketing manager has decided to render some additional incentives to their employees so as to motivate their employees to perform in a better way (Paramitha, 2016). These trainings will be helpful for them in getting high productiveness and enhancing their efficiency due to which employees will be able to tackle their clients in an appropriate manner. ProcessThe procedures which are followed by company in their regular operational working are considered as process. As per the new marketing campaign, ALDI is introducing some changes in their older process so as to being changes and to enhance their business efficiency. They planned to all the back office working will be done through computer, no hand written items will be used as notes or accounting. This will provide them high efficiency and productiveness and reduces chances of errors in operation. This will decrease their lead time so that to provide assistance over enhancement of sales and profits as well. 6
Physical evidence This is the aspect which gives identity to the products and services which are offered by the business. With the purpose to attain business objectives of earning high profits and customer engagement, the marketing manager of ALDI is introducing several changes which are providing benefits to their customers (Rasyid, DANI and ANDRIANI, 2017). For this purpose they are takingfeedbacksfromcustomersonregularbasiswhichishelpfulin improving their loop holes may be in packaging or service quality. This will enhance their sales and customer as well. Proposal on the way in which ALDI can improve its level of customer services as a part of marketing campaign For the business it is very essential so as to establish appropriate marketing campaigns through which customer service quality may be improvised. Marketing manager of ALDI is introducing new campaign so as to enhance their customers and profit, which is described as below: Proposal StrategiesDetails Identifyingneeds of customers ALDI has decided to recognise needs of the customer with the help of their new marketing campaigns so as to enhance satisfaction of their customers. Through this all the products may have some changes which may have some benefits to their customers. This will provide benefits to their customers in increasing their satisfaction level and service quality which is offered by the company.(SUBRAM, KHAN and SRIVASTAVA, 2016) Takingtimely feedbacks For the businesses it is important to take appropriate feedback from their customer so that to identify their needs and demands. This will help the business in recognising any need of the modifications due to which the internal processes within an organisation may be improvised. In order to design the marketing campaign, marketing manager of ALDI has decided to take feedbacks from their customer on a regular basis. After analysis of each and every feedback corrective action will be taken by them so as to 7
satisfy their customers. This will provide advantages to ALDI as this will help the business to adapt changes which are beneficial for the customers and to render best services and product to the customers which are desired by them. (van der Meer and et. al., 2017) Staff trainingWith the purpose to achieve success, it is very essential for the businesses to provide sufficient training to their employees so that they can perform in an efficientmanner which may further help in gettingcustomer satisfaction and high sales turnover. In the process of designing marketing campaign the marketing manager of ALDI is introducing various training programswhicharehelpfulfortheemployeesinenhancingtheir productivity and efficiency. This strategy is helpful in meeting demands of their customers and to resolve all kind of queries which are faced by the customers. With the help of trained staff their customer will have high faith in their company due to which they may achieve high sales and profits. Rewardingloyal customers This is considered as the most effective aspect which is provided by ALDI so as to enhance level of customer satisfaction. The marketing manager of ALDI has decided to provide reward benefits to their clients which will enhance their brand loyalty of customers and provide assistance in their buying decisions. For this purpose ALDI will provide rewards to their customerswhoaretheirregularcustomerbygivingthemdiscount coupons and additional discounts. This will provide the additional benefit due to which customer foot fall will be increased. Resolvingallthe queriesof customers With the purpose of achieving all the objectives it is required by ALDI so as to solve queries of their customers so as to provide them assistance. This will help the customers in their buying decision due to which they will generate a faith in ALDI. By paying attention towards customer queries this will help them to enhance their level of customer satisfaction due to which their service quality will be improvised so this will help them to have high customer engagement and high profits. 8
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Payingattention towardscustomer relationship management This is considered as essential step which is taken by ALDI in the process of marketing campaign. Under this process the top level management makes several strategies for this purpose so as to build good relationship withtheircustomers.Thiswillprovidethempathtoachievetheir objectives on low time. This will enhance their customer engagement and relationship with their clients due to which satisfaction of customer will increase with a positive graph.(Wali and Nwokah, 2016) CONCLUSION From the above detailed report it can be concluded that marketing management is the procedure by which appropriate modifications in marketing activities can be implemented. This is helpful in increasing organisational performance of the business and to provide assistance in solving queries of customer so as to get long term sustainability. TOWS matrix is necessary to make so as to get an idea about success of new campaigns of the business which is performed with the help of market environmental audits. At the ends numerous ways to enhance customer experience is explained so as to get customer satisfaction and to become a market leader. 9
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Wali, A.F. and Nwokah, N.G., 2016. Premiumcustomers'perceptionof firms' customer relationshipmanagementsegmentation,identitystrategiesandtheir satisfaction.International Journal of Markets and Business Systems.2(4). pp.291-308. Online TOWSanalysis.2020.[Online].Availablethrough: <https://www.business-to-you.com/swot-analysis/> 11