Marketing Management: ALDI Company Marketing Campaign
Verified
Added on  2023/01/13
|13
|3851
|73
AI Summary
This document discusses the marketing campaign of ALDI company, focusing on the internal and external environment analysis through TOWS matrix. It covers marketing objectives, marketing mix, and recommendations for improving customer service.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Marketing Management
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents 1.0 INTRODUCTION.....................................................................................................................3 1.1Background of the company.............................................................................................3 2.0 MAIN BODY.............................................................................................................................3 2.1 Marketing Audit..............................................................................................................3 2.2 TOWS Analysis...............................................................................................................3 2.2.1 TOWS Matrix of ALDI company................................................................................3 3.0 Task 2.........................................................................................................................................6 3.1 Marketing objectives........................................................................................................6 3.2 Marketing Objectives for ALDI......................................................................................6 4.2 TASK 3......................................................................................................................................7 4.1 Marketing Mix.................................................................................................................7 5.0 TASK 4......................................................................................................................................9 5.1 Customer service.............................................................................................................9 5.2 RECOMENDATION.....................................................................................................10 6.0 CONCLUSION........................................................................................................................11 7.0 REFERENCES........................................................................................................................12
1.0 INTRODUCTION Marketing management is the proper planning, controlling, organizing and implementing of the marketing polices, strategies, programs, design to create and satisfy the demand for the firms ' product offering or services as a means of generating an acceptable profit. 1.1Background of the company This report will cover marketing campaign of ALDI company. It will provide 12 moths marketing campaign ' Expressing Ourselves”. This campaign will run from 1 may 2020 to 30th April 2021. This report will analyze the affect of internal and external environment through the TOWS for he the company. On the basis of this tool this report will analysis the 3 objectives which will be set for the “ express Ourselves” marketing campaign. This campaign will also include the marketing mix and in the end of this report will provide a proposal on how this company can improve their levels of the customer services as a part of campaign. 2.0 MAIN BODY 2.1 Marketing Audit A marketing auditis athoroughreviewof your marketingplan, objectives, strategies, and the current activities being executed in your small business. The goal is to see what's working and what isn't so you can identify areas for improvement. 2.2 TOWS Analysis Tows Matrix is the analytical tool which used to compare and select the business strategies to attain the overall objectives and goals of the company. This tool covers the threat, opportunities, weakness and strength (Carr., 2017). This will be helpful for ALDI company to understand affect of internal environment on their business. 2.2.1 TOWS Matrix of ALDI company Threats One of the major threat for theALDI company is their competitors. They are getting huge competition on the global level. Their are some top retailers companies like Walmart and TESCO having huge reputation in the worldwide, and they are having strong hole ion most of the countries (Cramer., 2019). There are some other retailer companies like Amazon move into the Grocery which is affecting to the ALDI company, and they are facing potential threats from them.
New technologydeveloped by the other competitorsare becoming threat for this company and it can affect on their future expansion. Price of the raw material is increasing day by day and it is also affecting theproduct prices. It is important for theALDI company to make good relation with the suppliers because this can help them to get discount, and they can add some value in their product and satisfy their customers effectively. Increasing trend towards isolationism in the American economy can lead to similar reaction from other government thus negatively impacting the international sales. Opportunities ALDI company should look for innovation in their website which can lead them to become more successful (Deepak and Jeyakumar., 2019). It is an opportunity for this company, and they can take competitive advantages in the market. Company can gain competitive advantages through the treading technology. Leaders and managers ofALDI company should implement new technology in their workplace, so they can increase their productivity and better equipment improve the services. This will also affect on their profitability because new technology will attract customers in their stores which will increase their profitability. ALDI company is opening a new market because they get approval from the government. The implementation of the new technology and free trade agreement has provided ALDI company an opportunity to enter a new emerging market. Lower inflation rates – low in the counties inflation rates bring more stability in the market v, enable credit at lower rate of interest to the costumers of this company. Weakness one of the major weakness ofALDI company is their customer services for both online and offline. Employees for the offline services are not able to satisfy the needs of the customers which is affecting on their profitability. Offline customers services of the ALDI company is also bed because customers executive of cannot solve query of the customers related top the product and services (Ellram and Murfield., 2019). It is also affect on their brand image so it is important this company to look for improvement in their customer services.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
ALDI company is not using their financial resources properly. They are having enough financialresources,buttheyarenotusingproperly.Theycantakecompetitive advantages in the market if they use their financial resources properly. Higher attrition rates in workforce – compare to the other organizations in the industry ALDI company has a higherattribution are they are having more tospent on the development and training of the employees. There are huge gapes in the product range sold by the companies. This lack of choice can give new competitor a foothold in the market. Strength ALDI company has strong distribution network which cam reach to the majority of their potential market. This company has strong base of reliable suppliers of the raw material thus enable the company to overcome any supply chain bottlenecks. Brilliant Performance in the New Markets – ALDI has built skillfulness at entering new markets and making success in those markets (Haider And et.al ., 2017). The enlargement has helped the companyto build new revenue stream and modify the economic cycle risk in the markets it operates in. This company is relatively successful at execution of the new projects, and they able to generatedgood returns on their capital expenditure by building the new income steams. Strong Brand Portfolio – Over the years ALDI has invested in building a strong brand portfolio (Heydari and Mosanna., 2018). The SWOT analysis of ALDI just underlines this fact. This brand portfolio can be extremely useful if the organization wants to expand into new product categories. Automation of activities brought the quality ion their product and services and also has enabled them to scale up and scale down on the demand competition in the market where ALDI company is operating their market. ALDI company has strong cash flow in the company which means they are having cash inn their hands, so they can use these resources in the new projects and achieve competitive advantages in the market.
3.0 Task 2 3.1 Marketing objectives Marketing objectives are target of the company which they set to achieve their business goals. It is important for the every organization to make their objectives, so they can achieve and gain competitive advantages. 3.2 Marketing Objectives for ALDI Objective 1 To improve the customers services of the ALDI company so they can increase their sales by 20% till the end of the year. Justification This will be the aim objective of this campaign to create better experience for the company on the both online and offline platform. This is important for this company to improve it because their employees and customers care executive are not able to provide quality services to their customers and it is affecting on their profitability. This campaign will help them to improve their customers service's, and they can able to satisfy their customers and take competitive advantages in the market where they are operating their business. ALDI company can also gain customer satisfaction through the better customers services. Objective 2 To increase the market share by 10 % till the end of this year Justification This campaign will help ALDI company to increase their market share by 10 percent (Juniadi,Astuti and Fadillah., 2019). Main focus of the campaign “ Express Ourselves” will focus on the company's expansion in the other developed countries. It will help them to increase their business, and they can also give competition to the other international retailers brands who have strong hold on the global markets. They will also use some pricing strategies and build good relation with the suppliers, so they can add some value in the product and they can provide quality product in the fewer prices. It will help them to take competitive advantages and also increase their market shares. Objective 3 To use companies financial resources properly, so they can increase their profitability 25% till the end of this year.
Justification This marketing campaign will focus to use proper financial resources of the company, so they can increase their profitability and take competitive advantages. They will also provide training and development programs to their employees (Kirkby And et.al., Accenture Global Services Ltd, 2019). It will increase task efficiency of the employees, and they can increase their skills and potential. Some of the amount will be used in the social media camping which will be useful to attract new customers in the market in less amount, and they can also promote their product and aware about their product to the potential buyers. Leaders and managers of the ALDI company will financial resources on the other operational activities so they can make this company successful and company can take competitive advantages in the market where ALDI company is operating their business. This campaign will focus on the financial resources and increase cash flow in the workplace of the company. 4.2 TASK 3 4.1 Marketing Mix The marketing mix is crucial tool which can helpALDI company to understand what their services and their products can offer to the customers and how to plan for the successful product offering. Marketing mix plan is made up of 7 p's of the marketing which are – product, place , promotion, price, people, process and physical presence. Marketing Mix of ALDI company Product Marketing team of the ALDI company will use the resources of the company to develop the product by research the trends in the market, and they will also look to innovate their website so customer services can be improved. This will help customers to provide quality products and better customer services (Kotler and et.al., 2018). Marketing team will study about the needs and demand of the customers and according to the demand of the customers company will develop their products and improve the services for the customers. Place ALDI company will run their campaign in the market where they have opportunities to expand their business. It will increase their market shares, and they can show there presence in the new market. India and china are the two developing counties whereALDI company have chances of the expansion, and they can increase their profitability as well (Pasquier and
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Villeneuve., 2017). They are having more opportunities in those market so company can achieve their marketing objective and increase their profitability successfully. Price ALDI company will use competitive marketing strategies to achieve their marketing objectives. They will offer quality products to the customers in the law price, so they can attract customers towards their retailer shops and provide them valuable products. It will help them to gain locality of the customers, and they will refer others to but their products from theALDI company supermarket. Leaders and mangers of the company will also establish good relationship with their suppliers, so they can get raw material in the less price, and they can add value in the products. It will enable them to provide quality products in the less prices as compare to the other brands. Promotion Company will promote their campaign thorough the digital marketing tools such as social media marketing. It is because this is one of the best platform where company can promote their products effectively (Porssa, A. and Mirzazadeh, H., 2016). They can also canalize that how many people are visiting their campaign and it will enable them to make new customers. It will affect on their profitability and company can increase their profitability in the target markets. Marketing team of theALDI company will also advertise their product on the TV and new articles to attract the customers of old age group. It will cover both the age group of people old and young age group. People Management of theALDI company willprovide tanning and development to the employees, so they can give their best in the market which will affect on the companies operational management (Salazar,Mills and VerĂssimo., 2019). They will also organize programs in which they will lean how to provide quality services to the customers who enter their stores. This will increase their experience and they can give their best to achieve the objectives of the company and make “ Express Ourselves” campaign successful. process The process aspect of a marketing mix of the ALDI company case refers tothe process of keeping their customers happy by providing the fast billing of the product they buy from the storesand easy equipment of the products in their stores offline as well as online.ALDI
company will achieve this by the workers competent staff and paying attention towards the customers grievances, and they will improve their customer services to address their issues which create them. Physical The ALDI company stores are not overly elaborate like those of Sainsbury and other grocery stores (Saurabh,Sharma and Jung., VideoMining Corp, 2019). This is because ALDI company doesn’t see the point in spending more than the necessary amount of money on furbishing in theirstores. Having said this, all its stores of ALDI companyare clean and well maintained. They are easy to sail with all products well categorized and easy to search. Offers in the storesare also placed such that they lure customers into purchasing more than what they need, all the while impression that they are in fact preserving their financial resources. 5.0 TASK 4 5.1 Customer service Customers of the ALDI company are not happy with the customers services. Employees are not able to provide customers satisfaction, and they are not able to solve query of the customers on both online and offline (Shaw., 2016). It is important for the management team of theALDI company to provide them training and develop skills in the employees to improve their customers services. Improved customers services can help their company to achieve success in their business and they can achieve objective of their campaign.Here are some strategies which can help this company to improve their customer services and make better experience for their customers. Training and development Training and development of theemployees can help ALDI companyto improve their customers services. This is responsibility of the managers of the company to give proper training to their employees, so they can understand how to talk with the customers and how to treat them when they enter the stores. It will help them to adopt new skills, and they will learn how to make good relation with the customers and gain their loyalty by the better services. Learn to empathize with customers Empathize is the ability to understand what customers of the ALDI company are feeling and where they are coming from. While, some people born with these skills built some employees needs to acquire these skills. It is important for the employees who are working in the
ALDI company's workplace. They should listen to the problems faced by the customer and understand how they are feeling. It will make them understand, and they can help those customers . It will also help to create good relationship with the customers and company can gain customers loyalty. ALDI company should use these strategies in their workplace and provide their employees to feel their customers problem. knowledge about products Employees of the ALDI company can provide solution to the customers if they are having proper knowledge of the product and services they are providing. if they are not having any knowledge about the product of this company then they will not solve query of the customers. It important for the superiors of the company to ensure that their employees have proper knowledge of the products and services in detail, so they can understand needs and demand of the customer and make their customers happy with the customer services. Effective communication Effective communication is one of the best way to improve the customers experience. ALDI company can provide better customer services to their buyers if their employees have effective communication skills in themselves (Singh, Singh and Shriwastav., 2019). This can be improved byproviding knowledge about the effective communication skills to the employees who are working inALDI company. Superiors of the company should communicate with their employees and make them learn what are benefits of the effective communication and how they can envelope these skills. It will create better experience from the customers who will come in their stores and create positive image among the customers mind. Employees should know how they should talk with the customers and listen to their needs and demand. It will enable this company to improve their customer services, and they will able to achieve their campaign goals and their objectives. This will also help them to take competitive advantages in the market. 5.2 RECOMENDATION ALDI company should improve and innovate their online websiteand look for their innovation. They should improve their customer services on the online website because their customers are not able to connect with the customer service providers or otherwise they have hold their call for the long timewhich is affect on the companies image. They should recruit more employees for the company who can solve the query of the customers for their online website. Recruitment of the new employees will improve the pick up time for the customers, and
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
they cannot with the customers service provider easily and discuss their query to them. They should also improve and innovate their website and add some new option to provide better customers services. They can also guide about the query faced by the customers through the video. They can post video and customers can see how to solve their problems. This can be used by the ALDI company, and they can make their company successful in the competitive market. 6.0 CONCLUSION As per the above report has been cover marketing campaign of theALDI company “ Express Ourselves”. It was for 12 moths marketing campaign which will run from 1 may 2020 to 30thApril 2021. This report has been analyzed the affect of internal and external environment through the TOWS for he the company. On the basis of this tool this report has been analysis the 3 objectives which will be set for the “ express Ourselves” marketing campaign. This campaign also has been concluded the marketing mix and in the end of this report has been provided a proposal on how this company can improve their levels of the customer services as a part of campaign.
7.0 REFERENCES Books and journal Carr, C., 2017. Applying six sigma quality methods to improve customer service satisfaction. Cramer, R., 2019. “It’s this diversity that makes Australia such a unique country”: nationalism in a multinational marketing campaign.Social Semiotics, pp.1-21. Deepak, R. K. A. and Jeyakumar, S., 2019.Marketing management. Educreation Publishing. Ellram, L. M. and Murfield, M. L. U., 2019. Supply chain management in industrial marketing– Relationships matter.Industrial Marketing Management.79.pp.36-45. Haider, A. A. And et.al ., 2017. Marketing Management.Head. B.p.22. Heydari, J. and Mosanna, Z., 2018. Coordination of a sustainable supply chain contributing in a cause-related marketing campaign.Journal of Cleaner Production.200.pp.524-532. Juniadi, R., Astuti, I. and Fadillah, F., 2019. The Development of 3DPageflip Service System to Improve Performance Customer Services in Bank.Journal of Education, Teaching and Learning.4(1). pp.59-70. Kirkby,S.D.Andet.al.,AccentureGlobalServicesLtd,2019.Marketingcampaign management system. U.S. Patent 10,282,746. Kotler, P. and et.al., 2018.Marketing management: an Asian perspective. Pearson. Pasquier, M. and Villeneuve, J. P., 2017.Marketing management and communications in the public sector. Routledge. Porssa, A. and Mirzazadeh, H., 2016. Develop an Information Technology Model to Improve Customer Service in NIGCS.Procedia-Social and Behavioral Sciences.229.pp.167-174. Salazar, G., Mills, M. and VerĂssimo, D., 2019. Qualitative impact evaluation of a social marketing campaign for conservation.Conservation Biology.33(3). pp.634-644. Saurabh, V., Sharma, R. and Jung, N., VideoMining Corp, 2019.Method and system for measuringeffectivenessofamarketingcampaignondigitalsignage.U.S.Patent 10,296,936. Shaw, S., 2016.Airline marketing and management. Routledge. Singh, G., Singh, H. and Shriwastav, S., 2019. Improving Email Marketing Campaign Success RateUsingPersonalization.InAdvancesinAnalyticsandApplications(pp.77-83). Springer. Singapore.