This document provides a comprehensive marketing plan for Aldi, a discount supermarket chain. It covers the marketing audit, objectives, marketing mix, and customer service strategies. The document also includes a background of the company and its operations.
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Table of Contents 1.0INTRODUCTION............................................................................................................................3 TASK 1.................................................................................................................................................4 Marketing Audit................................................................................................................................4 Task 2....................................................................................................................................................5 Marketing Objectives........................................................................................................................5 Task 3....................................................................................................................................................7 Marketing Mix...................................................................................................................................7 5.0 Task 4..............................................................................................................................................9 5.1 Customer Service.........................................................................................................................9 5.2 Recommendations for Improving Customer Service Operations of Aldi...................................10 6.0 CONCLUSION.............................................................................................................................10 REFERENCES....................................................................................................................................11
1.0INTRODUCTION Marketing is a strategic business process which involves the advertisement and promotion of goods and services manufactured to the public in an effort to attract more customers towards the business organisation’s operations. In today’s digital age, marketers can make use of various traditional and digital marketing channels and the tools these individual channels provide, in aiding their marketing efforts in order to reach out to and promote, advertise about goods and services to a large section of consumers in the market (Armstrong and et.al., 2018). Using both traditional and digital channels of marketing can be immensely influential to marketers in accomplishing the objectives set in their strategic marketing plan. Marketing plan is a strategic blueprint or document created within a business organisation with the intention to outlining the end marketing objectives, execute marketing strategies in order to accomplish the set objectives and tracking the progress of marketing strategies and making necessary changes in order to accomplish the set marketing objectives. Background of the Chosen Company Thisreportassessesthemultiplemarketingeffortsandoperationsofbusiness organisation Aldi,a discount supermarket chain brand that is owned by two German families, operating from its headquarters in both Essen and Mulheim, Germany.Aldi was founded in 1946, an astonishing 74 years ago and having operated in the retail industries for such a long duration of time successfully has presented the business organisation with ample amounts of opportunities to grow and expand their business operations to international markets in an effort to diversify their operations, market share and increase their operational productivity and profitability. Currently, Aldi operates close to 11,234 distinct establishments with its operations spanning 20 different countries around the globe. Though Aldi’s brand name and its stores carry the single ‘Aldi’ brand name, its operations were split into two different business organisations in 1960name Aldi Nord which operates from its headquarters in Essen and Aldi Sud which operates from Mulheim, Germany (Keegan, 2017). These two distinct organisations have beenlegally and financially separated in Germany since 1966 with Aldi Nord now operating 2600 distinct establishments in North, East and West Germany and Aldi Sud operating close to 1600 distinct stores in Southern region of Germany. Aldi chain of
supermarkets jointly generated revenues of 53 million€as of 2020 through its various operations in different countries TASK 1. Marketing Audit Marketing audit is defined as a process to assess the competitiveness of company’s marketing strategies. In order to analysis about the marketing audit of the company TOWS Analysis tool utilises. TOWS Analysis TOWS Analysis is more like an internal analysis of company. TOWS Analysis of the ALDI Company can be summarised in the following points. TOWS AnalysisStrengths Diversifiedproduct range Affordableprice range. Effectivebrand image. Goodreputationin retail market. Highercustomer satisfaction rate. Weakness Outdated information technology system. Poorfinancial planning. Limitedfinancial resources. Opportunity Marketexpansion opportunity. Productsexpansion opportunity. Improvecustomer service. Aggressiveonline trade opportunity. S – O Strategy Launchdiversified product range in new places. Provideproductsin affordablepricesto new customers. Launch new products over internet. W- O Strategy Technological advancement. Utilisationof financial resources in proper manner. Aggressive marketing over internet.
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Threats Competition in retail market. Ineffectiev marketing strategies. S – T Strategy Lowpricing strategies. Discount strategies Improvemarketing campaigns. Socialmedia marketing. W- T Strategy Improved technology. Innovation strategies. S-O Strategy:Company management can launch diversified products range in new market to attract more customer base. This is an effective strategy which will drive company’s growth rate and also foster the business expansion potential of company. Providing products at affordable prices will improve the customer base of company in target market. Company can also launch new products over internet to attract more potential customers of retail sector. W-O Strategy:Company management of the ALDI Company can focus over technological advancement by installing new information technology equipments and software (Larsen and et.al., 2019). This is an effective strategy to strengthen the brand presence of company in target market. Company management can also focus on financial planning to improve the usability of financial resources of company. S-T Strategy:Company management can implement low pricing and discount strategies to attract the potential customers of company. Channelizing marketing campaign over internet is also an important strategic tool company can use. W-TStrategy:Companymanagementcanemphasisontechnologicaladvancement. Company management can also promote innovation in the organisation. Task 2 Marketing Objectives Marketing objectives is defined as the factor that drives the marketing campaign of the ALDI Company. Objectives are considered as all such factors that drives the marketing strategies of the company.
Importance of marketing objectives Framing an appropriate marketing objectives provide importance in the marketing campaigns that can be summarised in the following manner. Drives marketing campaign:All marketing campaign s of the ALDI Company are framed based on the set objectives of the company. Company operate marketing functions so that company management can improve the presence of company’s products in the target market (Otieno,2018). Company management and marketing department of the ALDI Company draft the strategies and policies improve brand publicity based on the objectives of the company. Profitability and market share is considered as among the primary objectives works behind the operations of the companies in the target market. Identifythescaleofmarketingcampaign:Companymanagementandmarketing department of the ALDI Company decide the scale of the marketing campaigns based on the objectives behind the marketing. Marketing campaign play huge role in improving the sales of the company’s products in target market. Company management identify the scale and channels based on the objectives behind the marketing campaign. Both the factor splay the most significant role in the marketing of the company. Objectives influence every aspects of the marketing campaign run by ALDI Company. SMART Objectives Objectives for the marketing campaign are set on the basis of the smart objective model. Factors associated with the SMART Objective can be summarised in the following manner. Specific:Specific is the first element involved in the SMART Objective model. This model emphasis that objectives set by company to operate marketing functions must be specific in nature. It must be clearly indicate all aspects behind the marketing campaign (Pratama, 2017). All products of company carry the specific target customer base and marketing campaign must be framed as per the potential buyers of the company in order to achieve the highest level of productivity from the marketing campaign run by company management. Measurable:This is the second elements involve in the SMART objective framework. Outcomes of the objectives must be measurable in nature. This model indicates that company must set such objectives that can be calculated in order to assess the effectiveness of the
marketing campaign. In case of companies running marketing campaigns objectives are set on the basis of amount of sales company management aims to achieve from the marketing campaign. This is an important aspects involve in the model which focuses significantly on the failure and success of the company’s marketing campaigns. Achievable:This model indicates that company management and marketing department must set such objectives that are achievable in nature. Objectives must be achievable based on the practical situation of the target market (Holzer, 2020). Marketing department must assess te brand value of company and also the potential market for its products and based on such assessment company management must set reliable objectives for the marketing campaigns. Realistic:This model emphasis that objectives of company must be realistic in nature. Company must assess the practical situation and based on the assessment all objectives must be analysed and set. Realistic also indicates about the practical reality of company’s products line. Some times products of the company is only targeting to specific and limited number of target customers and in such a situation company management must set small or realistic objectives for the marketing campaigns. Time bound:Time is also a crucial factor involved in setting the objective for the campaign. Objective set for the marketing campaign must consist bound of time. Time bound indicate the facts that company management and marketing team must set a realistic time to achieve all objectives behind the marketing campaign. All te above factors indicate about the different factors play a role in setting up objectives for different marketing campaigns run by ALDI Company. Task 3 Marketing Mix Marketing mix is defined as analysing of multiple areas involved in the constructive marketing plan of company. It involves analysing different factors in order to frame suitable marketing strategies for the growth and sales of the company in the target market. Marketing mix analysis involve evaluation about the products, price, promotion, people and place related factor for company’s marketing plan.
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Product:ALDI Company deals in retail products. Company caters all kinds of retail products that effectively cater the needs of company’s target customers. ALDI Company has a global brad value and well diversified products range of company played a huge role in achieving such a grand success in the target market (Goodson, 2017). Diversification in products enables company management to cater all different kind of customer segment based on any class and category. This si an important factor played a huge role in the success of the ALDI Company in the retail sector. People:Company management target all potential customers of the company. People indicate about the target customer base of company. Retail products are associated with all customer segment belongs to any age category and economical class. Company management target all customers with its marketing campaigns. People play huge role in expanding the reach of company’s growth and sales turnover. Price:Price play huge role in the sales and growth potential of the company in target market. Management of the ALDI Company cater all its retail products at a very affordable price range. Affordability is among the key aspects behind the purchase decision making of company’s target customers in the market (Marques, 2018). Retail sector is considered as among the most competitive market sector as the sector consist up with huge growth potential across the globe. In such a huge competitiveness of the sector customer get plenty of options available in the market. Company management of ALDI Company cater all its products at a affordable price range for all financial category. This also allows company management to improve the brand presence in the retail sector. Place:Place denotes about all such channels that will involve in targeting potential customers of company. Company management of the ALDI Company target customers with the support of different digital and communication mediums such as social media, internet, radio, television, holdings and other mediums (Steenkamp, 2017). Management of the ALDI Company also channelize its marketing campaign at different magazines to reach potential buyers of the company. Place is an important factor involve in teh marketing campaign as based on the objectives behind the marketing campaign company management set the respective place for channelizing its marketing campaigns. Promotion:Promotion involves different strategies to promote company’s products in the target market. Company management utilises all effective marketing modes to promote its products. Company management also give regional touch in its promotion strategies and
campaigns. Company management also involves in different social cause as a part of the corporate social responsibilities. Company management also promote its products in its corporate social responsibility campaigns. All the above factors indicate about different factors involve in framing marketing strategies for the ALDI Company. 5.0 Task 4 5.1 Customer Service Customer service is the business operational process performed by an organisation such as Aldi, which takes care of the of the customer’s requirements and needs by delivering and providing them with relevant, professional and helpful assistance and service after, during and before they purchase and use the goods and services made by the business organisation (Deepak and Jeyakumar, 2019). There are 4 primary characteristics of good customer service provided by businesses such as Aldi to customers: Polite:Customer service provided to customers has to be polite in nature if the business has any chance of hoping to satisfy the needs and requirements of the customer and retain their loyalty. Prompt:Customer service provided by Aldi needs to be fast and efficient in nature as customers are not adequately satisfied with delays and cancellations of the ordered products or even the customer service. Professional:Customer service provided by Aldi needs to be professional in nature. For this purpose, Aldi needs to possess skilled and competent representatives who can service customers professionally. Personalised:In order to have a better chance of satisfying customers and retaining their loyalty, Aldi’s customer service needs to be personalised to each individual customer and their needs and requirements. Good customer service is immensely essential to Aldi’s operations for maintaining its customers loyalty and satisfaction levels in the market. Effective customer service has a significant impact on Aldi’s productivity and profitability in the consumer markets as it directly influences Aldi’s brand value, reputation and perception amongst the public in the
markets which is of immense significance to Aldi’s operations and can provide it with a competitive advantage int the market against its competitors (Mengucand et.al., 2017). Good customer service assures the customers that they are valued in the organisation and should they face any sort of inconvenience or problems with Aldi’s products, their concerns and requirements will surely get addressed, which is a key factor in increasing their customer satisfaction levels. 5.2 Recommendations for Improving Customer Service Operations of Aldi Though Aldi currently provides good customer service to its consumers in the market, they can further improve their customer service operations by following the following methods: Feedbacks:One of the most significant ways in which Aldi can improve its customer service operations is to simply ask the customers how they can improve it, by the way of customer feedbacks (Goodman, 2019). Though an easy approach, customer insight is immensely useful to providing effective customer service for Aldi. Skilled Representatives:Another way to improve quality of customer service provided by Aldi is to hire or train skilled employees to represent the company, who understand the importance of the 4 customer service characteristics. Customer Relationship Management (CRM):This digital customer service tool can help Aldi manage its interactions and relationships with customers across its various customer service representatives and team to provide the best customer service possible to their clients. This method is used by some of Aldi’s competitors and should be adopted by Aldi in order to improve their own customer service operations. 6.0 CONCLUSION Based on this report, it can be concluded that the marketing efforts and operations of Aldi can be successfully achieved as per their marketing plan if theretail giantsfollow strategies discussed in the report. This report introduces to the reader background of retail businessAldiandperformsmarketingauditandTOWSanalysisforthebusiness organisation. Then the report evaluates the marketing objectives of Aldi laid out in their marketing plan based on SMART principles. The report also assesses the concept of marketing mix and discusses 5 P’s which Aldi can use specific to their operations and
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products. Finally, the report analyses the concept of customer service and its significance to Aldi operations along with providing recommendation on how Aldi can improve its customer service operations for their operations.
REFERENCES Books and Journals Armstrong, G.M. and et.al., 2018.Marketing: an introduction. Pearson UK. Deepak, R.K.A. and Jeyakumar, S., 2019.Marketing management. Educreation Publishing. Goodman,J.,2019.Strategiccustomerservice:Managingthecustomerexperienceto increase positive word of mouth, build loyalty, and maximize profits. Amacom Goodson, L., 2017. Quick takes.Strategy & Leadership. Holzer, P. S., 2020. The effect of time-varying factors on promotional activity in the German milk market.Journal of Retailing and Consumer Services.55. p.102090. Keegan, W.J., 2017.Global marketing management. Pearson India. Larsen,N.M.andet.al.,2019.Themarketingfirm:Retailerandconsumer contingencies.Managerial and Decision Economics. Marques, M. M. C .S., 2018.Pingo Doce challenge: how to shift to a new positioning strategy without losing consumers’ loyalty?(Doctoral dissertation). Menguc,B.andet.al.,2017.Theroleofclimate:implicationsforserviceemployee engagement and customer service performance.Journal of the Academy of Marketing Science.45(3). pp.428-451. Otieno, E., 2018.Aldi Market Report. GRIN Verlag. Pratama, Y. A., 2017.ANALISIS STRATEGI BAURAN PEMASARAN PADA PT. FRISIAN FLAG INDONESIA(Doctoral dissertation, Universitas Negeri Jakarta). Steenkamp, J. B., 2017. Global brand equity. InGlobal Brand Strategy(pp. 243-273). Palgrave Macmillan, London.