This presentation analyzes the context and environments in which Coles Group operates, including political, economic, social, and technological factors. It also discusses market segmentation, targeting, positioning, integrated marketing channels, and the communication plan of Coles Group.
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Marketing Management of Coles Group NAME OF THE STUDENT NAME OF THE UNIVERSITY
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Analyse the context and environments in which this organisation operates •Politicalfactor •Economic factor •Social factor •Technological factor
Identifying Market Segments and Targets Segmentation-Themarketingteamof the Coles Group has been trying to segment themarketofAustraliaaccordingtothe differentcharacteristic(Andreassenand Streukens 2013) Targeting-Thesecondstepthatfollows afterpropermarketsegmentationis developing the target group of people who can be most influenced by the products and services of the concerned company Positioning-In order to have a significant impact on the target group the concerned companyhasbeendevelopingarangeof products
Integrated marketing channels and distribution system ColesGrouphasbeentryingto capitalizeontheirconvenience strategybyredeveloping100 supermarket outlets on last six months to add more ready to eat and semi prepared food items. The organisation hasbeenalsoincluding75new productsintheirexistingproducts range for strengthening the idea of readytoeatmeals (colesgroup.com.au, 2019).
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Identification of niche market •Coles is leading the market interms of private label brand penetration. •Deeper product assortment: variable and diverse product choice (López and Sicilia 2013). •Coleshaveserviceslikeself-checkout options to reduce rush.
Coles’ customer adoption process •Brand awareness through extensive promotion and social media marketing. •Product information sharing through existing customers. •Evaluationfacilitatedthroughpersonalized and diverse product selection. •Adoption to their products happen through extensive market presence.
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Pricing and distribution •premium pricing products offered. •Needsimplementationofmarket penetration pricing. •Distribution through direct channel. •Needsintroductionofsmalloffline counters (Todor 2016). •Efficientlogisticsdecreasetime between supply and demand.
Integrated communication plan: Coles Mass marketMass customizationindividual Two ways communicationSocial media marketing, Content marketing, Email marketing Direct selling, personalized marketing, feedback incorporation and diverse terms and conditions One way communicationTraditional marketing media such as television, radio and print media Mediums that are designed on latest buying trends and buying behavior, preferences of specific social groups as well as location
Social media communication for Coles •Coles can use Facebook for the promotion of their services. •Twitter can be used for relaying news about the discounts and offers. •Instagramprovidestheplatformfor showcasing their facilities and services (. •SEO integration ensures visibility. •E-commerce enabled for ease of payment.
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•Television and radio has much larger penetration. •They can provide both content and visual impressions. •Newspapers can be used to inform about discounts and offers. •Commercialadvertisementscreate loyalcustomerbase(Toftenand Hammervoll 2013). Traditional communication for Coles
Andreassen, T.W. and Streukens, S., 2013. Online complaining: understanding the adoption process and the role of individual and situational characteristics.Managing Service Quality: An International Journal,23(1), pp.4-24. DOI: http://dx.doi.org/10.1108/09604521311287632 López, M. and Sicilia, M., 2013. How WOM marketing contributes to new product adoption: testing competitive communication strategies.European Journal of Marketing,47(7), pp.1089-1114. DOI: 10.1108/03090561311324228 Todor, R.D., 2016. Blending traditional and digital marketing.Bulletin of the Transilvania University of Brasov. Economic Sciences. Series V,9(1), p.51.DOI:10.1111/jpim.12405. Toften, K. and Hammervoll, T., 2013. Niche marketing research: status and challenges.Marketing Intelligence & Planning,31(3), pp.272-285. DOI: http://dx.doi.org/10.1108/02634501311324618 References