Importance of Marketing Management within Sainsbury
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This report analyzes the importance of marketing management within Sainsbury, the second largest retail brand in the industry. It focuses on STP marketing strategies, marketing mix strategies, and relationship marketing strategies. The report also discusses the use of digital tools and platforms for promotion.
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Executive summary The report has concluded in detail importance of marketing management within Sainsbury, second largest retail brand in industry where it offers varied range of products and services for customers. Report has concluded STP marketing strategies, marketing mix strategies which are 7ps based on productive diversity where wide scale innovation is focused on. Study has also in depth focused on analysis in relationship management for bringing on further customer goodwill rise, by bringing on fundamental business tactics actively. There are varied range of digital tools, platforms used on functional promotion for best variety of products and services which has enabled Sainsbury high scale advancement.
Table of Content INTRODUCTION................................................................................................................................4 1 STP strategy..................................................................................................................................4 2 Marketing Mix strategy................................................................................................................6 3 Relationship market strategy in relation with emphasis on current tactics...................................8 CONCLUSION..................................................................................................................................11 REFRENCES.....................................................................................................................................12
INTRODUCTION Marketing management can be understood as one of the most crucial function within company discipline, which focuses on practical application of marketing orientation for effective diversity. Today’s retail industry is competitively raising with wide scale innovation coming in marketing, through digital strategies for presenting lucrative products and services for customers. For this report, Sainsbury case scenario has been taken as company for in depth analysis towards wide range of marketing determinants and long term competitive positioning within dynamic competitivebusinessworld.Sainsburyprovidewidequalitygroceryproductsacrossfood merchandise, clothing and financial services with attractive prices and best customers satisfactory services. Report will be analysing focus on STP strategies under marketing management, to reach higher revenue goals and customer goodwill benchmarks. Study will further address scope of marketing mix strategies for yielding wider focus on best promotion of products and services. Relationship market strategy in relationship with emphasis of current innovative business tactics will be analysed further, for competent scale fundamental growth.This will also inculcate focus towards latest business competencies shaping brand value actively, yielding preferences on wider innovation through digital marketing. 1 STP strategy STP stands for segmenting, positioning and targeting varied business strategies for making marketing innovatively target oriented within long term competitive scenarios (Amira and Fitriasari, 2021). Main goal of Sainsbury for using STP can be understood to attract varied range of potential customers among target market based on preferences, market oriented demand structure and imperative focus towards wider revenue goals. Sainsbury offers wide range of grocery products, goods and services catering to innovative business demands in competitive retail industry where competent innovation is fast pacing actively. Supermarket brand has over 785 stores in UK, where wide range within customer market share has been competitively expanding in recent periods. Brand not only focuses on easy reach of products among customers, with high presence among malls and best supply chains but also aims to head focus toward smart STP strategies. STP is used by Sainsbury for increasing growth sales in market share domains and provide adequate direction towards advanced sale functioning, also to adhere new scale positioning factors for evolving towards competitive advantage (Agustin and Handyman bra Trigon, 2021). Segmentation:Marketsegmentationorganizescustomersandbusinessbasewithin demographical, behavioural and phsycograophic aspects for best fundamental scale diversity (Cortez, Clarke and Freytag, 2021). By segmenting customers based on these factors
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Sainsbury aims to break down target market audience into smaller and manageable groups, based on varied range of innovative business strategies for attaining goodwill benchmarks. People who prefer online shopping and offline for grocery and daily needs goods are segmentedbasedonpreferences,widerangeoftechnicalvarietytowardsyielding productive goals. Segmentation by demographic variable is critically focused on by use of factors such as sex, age, family cycle income and occupation factors to segment effectively for higher scale innovation strategies. Market segmentation enables Sainsbury to get to knowcustomersvariedpreferences,identifyvariousneedsamongcustomermarket segments and determine best execution goals. To bring new range of organic fruits in all stores services, Sainsbury will segment customers who prefer healthy lifestyle and varied range of organic food options(What isSTP Marketing? Segmentation, Targeting & Positioning Guide, 2020).Targeting:Further within targeting, customer market segments are targeted to increase in competitionforenhancedpurchasingpoweramongaudiencesandinfluencemarket positioning further (Bigo, Raj and Situmeang, 2021).Households and individual families are the main target customers for Sainsbury where brand aims to target varied range of customers in this category, with best products varieties and services catering to their preferences. Brand uses differentiated marketing at this step, where targeting is done with focus towards depth and clarity of resource planning for strategic innovation in further marketing synergies. Differentiated marketing enhances catering of market reach among multiple audiences, for boosting profitability and sales volume in market presence for presenting economies of scale within large audiences.Sainsbury by using differentiated marketing creates sense for brands to identify wider effective brand value, unique benefit and resonance with high scale personalisation.It makes sense for brand to identify wider market segments, by designing best market segments and customer focused marketing strategies. Sainsbury focuses on serving target customers with best personalisation of products, fast service delivery options which further enables profound positioning.The organic fruits products range will be targeted based on variedefficacy benchmarks, where fresh supply of products create differentiated market brand value (What Are Differentiated Marketing, Concentrated, and Undifferentiated Marketing?, 2021). Positioning:ThisislaststepofSTP marketingprocedurewhereitenablesmarket evaluation actively for smart positioning informatively based on company goals within diverse competencies (Huang and Rust, 2021). Accurate positioning creates productive place of product in target customer’s mind, which enables brand to create thoughtful strategy for catering higher attention among customer’s preferences. Benefits of positioning can be
evaluated as it enables brand loyalty development and higher creative innovative strategies, for advanced competent positioning in dynamic competitive retail industry. Sainsbury brings on best promotion strategies such as discounts, buy 1 get 1 free options for all target customers analysed on above step. Positioning further enables creative brand value growth towards untapped horizons and technical innovation to bring on new variety of products further. For example:Sainsbury in all its retail stores and online platforms offers wide attractive offers to bring on lucrative opportunities for scaled up market scenarios, enhance keen determined horizons and also pertain focus towards innovation (Stikine, Gorky’s and Bartuseviciene, 2021). Organic food supply range will be positioned by bringing on advanced price marketing strategies, for competent scaled up expansion opportunities. Promotion also comes in as one of the most essential factor within marketing innovation, towards which Sainsbury aims to use best digital platforms for reaching on varied range of customer markets. Sainsbury uses STP as analysed above, for wide range of products and services innovation and higher imperative scaled up goals for productive efficacy towards new operational horizons. The above discussed factors have in depth fundamentally expired vivid range of innovation and stringent creativity, by Sainsbury towards online services and fast competitive retail industry to evolve on new targets actively. 2 Marketing Mix strategy Marketing mix plays crucial role in strengthening productive determining strength to attract wide range of target customers, enhance brand value and functionally grow towards untapped innovative business goals (Khorsheed and et.al., 2020).7 PS of marketing brings on varied range of investment business opportunities for company, to emphasize new innovative strategies and build platforms raising on varied benchmarks.Sainsbury as one of the top leading brand within retail industry, aims for technical growth towards production competencies actively towards marketing domains. Sainsbury aims to use best creative marketing strategies for gaining stronger position in competitiveretailindustryatglobalparametersandstringentlygrowtowardsfundamental progression(Hair Jr and Sestet, 2021). Product:Product mix strategy has been actively shaping competent phase at Sainsbury, where company offers large range of products and services for all customers within stores and online market platforms. Sainsbury heavily invests in brand product development, possessing great position within retail competitive industry with over more than 15,000 own products.Fresh bakery products, meat and frozen food products are some of the best grocery products offered for customers. There are wide range of health and beauty products
available also along with clothing and electronics, which provide wide range of variety for customers. Sainsbury takeover of Argos has also further increased products portfolio advance, where product factor is essentially strong to bring on customer preferences informatively. Sainsbury with premium quality structure among products and services, aims to expand on diverse verities as per varied customers preference actively evolving in recent periods (Stikine, Gorky’s and Bartuseviciene, 2021). Price:Sainsbury offers value for money with attractive price strategies for ensuring customer retention,to maintain quality and services evolving within competent surging retail industry. Company facesstiff competition in customer market, for tackling prices set by rival brands actively towards varied range of competitors. Groceries and fresh products are sold at reasonable and high scale affordable price rates for attracting customers actively, where Sainsbury is best prominent brand. It also faces stiff competition in customer market for which adopting of competitive pricing policy has been fruitful, to tackle prices set by rival brands. This also comes in as one of the most essential factor which enhances diversity of brand value, where price factor strengthens specific goodwill on longer time frame. Place:Sainsbury has 598 supermarkets and 714 convenience store, where 45 stores operate 24*7 providing customers wide scale ofservices actively pacing up competent functional scale abilities(Shah and Murtha,2021).Sainsbury with its wide spread of stores at global levels have produced dominant place within retail sector globally, making it second largest retail company.There is online presence also for internet shopping where customers can choose products online, avail fast delivery options where best supply chain management has played crucial role. Sainsbury website offers food tokens, gift vouchers and food tokens that attracts large target customers based on varied preferences and market supply domains for competitive scale growth. Place factor has been actively gaining importance in recent periods as online retail supply chain of various new brands, bring on high competition for Sainsbury to also further upscale online presence. People:Sainsbury has good mix of well trained professional experts among workforce that are aware of best customer behaviour services , which further enables to segment customers’ needs effectively. Brand heavily invests on HR for training employees, skills enhancement and competent fundamental scale growth towards best goodwill development. Best skilled expertise is behind serving best innovative products under various portfolios of company for technical innovation, potential market stretch fundamentally and also to yield expertise benchmarks. Employees are one of the biggest strength for Sainsbury, where it heads focus towards best customer satisfaction and leveraging higher technical diversified synergies
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pertaining specific market demands. Process:Sainsbury stores along with varied range of stores, has also made online shopping for customers with convince of click and collect, serviceswhere groceries products with premium quality are being served (Otter bring, 2021). The brand uses best procedures to sell wide range of products based on advanced organised structured determinants, making distribution activities widely cost effective.Online marketing has also made pricing and allocationofvariousdeliveryoptionsforenhancedcustomerloyalty,widerbrand developmenttowardsdynamiccustomer’spreferences.Processfactorholdswide importance with high scale technical growth in innovative business procedural reach and best creative market diversion, for expansion into untapped customer market. Physical evidence:Sainsbury uses excellent strategy to market its products and services suing physical evidence factor , where store designs and layouts having wide facilities for customers has enhanced brand value actively. Quality facto ha seen stringently growing with productive diversity for offering impressive shopping experience, and high scale varied synergy impacting new advanced growth domains.Physical evidence plays essential role for enabling customers to enjoy high scale hygienic atmosphere in all stores, with clean stores it becomes appealing for wide range of customers. It can be also analysed that Sainsbury within fast competitive retail sector has scope to further invest innovatively, in bringing forward high convenience 3 Relationship market strategy in relation with emphasis on current tactics Relationship market strategy refers to efforts taken by company in building long term relationships with customer market, with view to increase engagement for longer duration and active goodwill development (Lu, 2021). Sainsbury uses best innovative relationship marketing strategy as facet of customer relationship management, focusing on customer loyalty and long term profound engagement within keen scenarios. Goal of relationship marketing is to create strong emotionalbondamongcustomers,withbusinessstrategiesprovokingfreewordofmouth promotion and customer’s preferences. Relationship market strategy in relation with Sainsbury latest marketing strategies can be evaluated to be crucial, to enhance satisfaction levels on varied domains for competent scale growth. Social media approach with audiences is key to bring on best marketing approach for relationship market strategy, which also ensures brand goodwill to line up with latest functional arenas (Relationship Marketing Strategies for Customer Retention, 2021). Benefits of relationship marketing: Higher customer lifetime value is generated by heading on stronger relationship market
strategy, for productive diversity growth towards untapped market horizons and innovative business domains.Sainsbury has varied scope for investing in tools such as customer experience management (CEM), for recording customers feedbacks about products quality and wide range of services. This also enhances technical productive strength, for tailoring customers preferences based on serving them with best products standards and heading towards digital pathways actively (Li, Larimore and Leonidas, 2021). Stronger brand alignment with customers is another benefit by which Sainsbury influences productive market oriented growth, among untapped business domains and to yield on stringentfunctionalinnovationpractically.Relationshipmarketinggivesscopefor connecting varied customer loyalty points at higher domains, where Sainsbury as one of the top retail brand hires best employees within departments. It can be also analysed that stronger in depth focus towards untapped relationship marketing strategies raise on profound stability. Relationship marketing enables new methods to be evolved for establishing extended customer goodwill by enriching new pathways, with high scale connectivity towards accurate benchmarks. Surveys, email marketing and digital tools bring on best pathways, on which Sainsbury has scope to reach higher thresholds for effective diversification actively. With global competitive rise in retail industry innovation customers’ demands have been also excelling functionally, where Sainsbury has imperative scope to head on commercial strength (Islam and et.al, 2021). Sainsbury recent tactics correlated with relationship marketing Sainsburywithinrecenttimeperiodshasbuiltvariedchanges,amongcustomer’s satisfactory services that have helped to create confidence within COVID-19 pandemic periods. The brand has raised high scale investments to deploy best skilled employees among varied departments, accelerating cost savings effectivelythe relationship marketing strategy by Sainsbury aims to revolve on best food quality served among customers rapidly, high tech innovation and consistent innovative business goals.It further aims to reduce complexity, transform cost base and ensuring portfolio within brand development for delivering strong shareholder return value. Sainsbury in relation with wide relationship marketing aims to create step change in transforming approach to costs, simplifying structural procedures and operating costs base fundamentally. Brand is accelerating imperative creative new cost saving plans to unlock customer goodwill rise opportunities, functionally enhance goodwill towards untapped horizons (What Sainsbury’s is doing to make shopping with it more convenient, 2019).The
online platforms bring on fast customer satisfactory compliance, where Sainsbury heads on focus towards investing towards serving customers with at first satisfaction, by representing wide scale innovative business strategies.It also heads on creating positive impression through customer opinions and surveys which helps in creation of high productive services. Launching loyalty programs rewards customers effectively with varied range of community programs, also enables to build profound functional growth towards untapped horizons Investments in convent shopping and creation of seamless customer experience generates competitive efficiency among connected horizons, which enhances competitive scale growth in future operational goals. Sainsbury services within products availability among customers satisfaction scores up more productivity, where scan technology smart is used for further yielding new competitive diversity. Retailer brand is investing in optimum technology to improve infrastructure, connectivity and hardware tools where customers today can get their products fatly booked. Groceries processing is done in 75% lower time than before, which is one of the best strength for brand to optimally expand in untapped horizons functionally (41 Must-Have Digital Marketing Tools to Help You Grow, 2020). Recommendations Sainsbury has further scope to enter into varied range of competent scale innovation within products and services actively, enhance business reach among new target customers for excelling potentialities within global retail industry. Relationship marketing also brings on varied range of business growth opportunities for brand to Social media platforms for marketing such as Facebook, YouTube has high scope to use as best promotion tools, within digital pathways for yielding towards wider quest operational parameters. Digital promotion will enable Sainsbury to segment customers actively towards varied preferences within productive horizons, keenly expand on imperative domains actively. Social media presence will enable brand to expand towards fundamental diversity horizons and create goodwill presence, for technical viability towards promotion strategies on new scale aspects. Stronger alignment of company goals with customers’ requirements enable new expansion to be enriched actively, strength to be profoundly raised on towards untapped market scenarios (Dash, Kiefer and Paul, 2021). Digital marketing campaigns needs to be worked on by scaling up brand investments, towards effective diverse paradigms efficacy and strengthening functional scope effectively. Newadvanceddigitaltoolssuchasaffiliatemarketing,contentwebmarketing, programmatic advertising needs to be implemented where hiring best social media expertise will strengthen goodwill development.Sainsbury has varied scope to keep up with varied
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customerspreferencesondigitalnetworks,wheretechnologydeterminantsbeing fundamentally strong gives keen push to wide level of positive revenue growth. ď‚·Branding towards untapped customer market expansion is also competently crucial for Sainsbury, where expansion in global untapped market scenarios has varied scope for larger vision oriented marketing. This can be analysed as one of the most essential scope for brand marketing enrichment, to yield on keen quest goals formulation rapidly as per latest functional scope. This can be more in depth analysed to be critically essential for yielding new imperative focus on strengthening its human resources, training employees with latest skills for commercial growth. Goodwill among stakeholders and shareholders needs to be also enhanced within latest working decisions as per functional benchmarks, for evolving on untapped market horizons actively (Glia., Paul and Gilal, 2021). CONCLUSION From the above analysed report it can be concludedmarketing management has been productively expanding functionally within dynamic evolving retail industry paradigms. Sainsbury is second largest retail brand offering best quality products, services for wide range of customers spread among global parameters. It has concluded brand uses STP to enhance marketing strategies, where demographic segmentation enables company for fundamental customer market segmenting. Differenced targeting is used and positioning further is done by lucrative discounting price strategies for evolving competitive domains. Study further concluded in depth analysis of latest marketing mix strategies used by Sainsbury, by focusing towards 7ps where Sainsbury uses best innovative business parameters.Report concluded in further analysis importance of relationship management to strengthen market presence among customer goodwill domains, enhance business tacticsactively.IthasconcludedSainsburyheadsonbestadvancedcustomerrelationship management for keen innovation, promotion tools provoking growth and expansion towards untapped customer market.
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