This report discusses the marketing objectives, positioning statement, brand value, unique selling point, and marketing mix strategy of Qantas Company. It also includes the promotional budget and calendar of marketing activities.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Marketing2 Introduction The aim of the report is determine the marketing principle of Australian based company that is Qantas, which is well-known airline performing its business operations in the market. The report include the different marketing objectives and strategies of marketing mix which are formed by the Qantas company in order to meet the marketing objectives of the company. In the end, the budget of the promotional strategy has been proposed with the schedule of all the activities that are taking place.
Marketing3 Marketing objectives Marketing objectives of the Qantas Company are presented below - The objective of Qantas is to gain 10% market share increase in Australian market by end of 2020. To increase sales of the services by 25% by the end of December 2020 To improve the existing services and add new services in the financial year for the customers To increase the number of promotion tools that can generate the awareness about the services in market by 2020 (Qantas, 2019). To increase the number of repeated customers in the airline by 15% by the end of 2020 Positioning statement of Qantas The positioning statement of Qantas is that ‘to be a great airline that offers the services to the domestic as well as to the international customers’. For the target market, the company position itself as the Pioneer Airline majorly in the On-time flights that offers the best flexible booking schedules as the number of choice to the Airline for the business travellers (Armstrong, Adam, Denize & Kotler, 2014). Brand value According to the research, this has been found that the brand value of Qantas is the 45% to $3.8 billion which has improved its brand strength to 86.6 out of 100% which has accomplished the brand rating upgrade from AAA- to AAA that contribute in becoming the strongest brand in the
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Marketing4 market of Australia (Travel weekly, 2019). The company deals with the increasing competition in domestic as well as international routes. Unique selling point Qantas Airways unique selling point is the leading official flag carrier of the Australia with the largest fleet size, international flights, and international destinations. In addition to this, the company ensures that they are able to offer the delight customer experience to their customers. Marketing mix strategy Marketing mix is the set strategy tools which is pursue by the Qantas organisation in order to meet their marketing objectives in the Australian market (Baker, 2014). Product strategy Qantas is well-known flagship airline of Australia who is able to maintain the string presence in the market with numerous international destinations. The company major service is offered to the customers through so that they can travel from one place to another (Chernev, 2018). During the journey, the company offers the best in class with delight service quality with comfort. In the flight, the company provide the different entertainment facilities inside the flights with the best in class in terms of the tracking system. Qantas offer the improved services and keep adding the new services with the help of the advance technology as this will help them to meet their objective of gaining the market share in Australia. Further, in order to deliver the delight customer experience the company keep adding new services for the customers in the coming year. This improvement in the services will meet the objective of number of visits by the customers.
Marketing5 Price strategy The company is one of the leading international airline due to which they commands the market leader pricing in the region. The company generally targets most of the frequent business travellers that operate the business majorly in the luxury service. This has been found that company implement the premium pricing strategy in the marketing mix that allows them to cover all the cost, benefit, value addition majorly in terms of quality service. The company maintains the status of the safety and comfort better than their customers do for the similar sort of pricing. However, in the local market the company follows the low cost strategy through which they can offer the better pricing to their targeted customers. This pricing strategy helps the company to meet the marketing objective related to the sales of product (David, 2011). Place strategy Qantas airline serves the services in the international destinations and thus they offer the tickets of their flights from different places that include the online mode, different distributors, at the airport, from agents and many others. The company distribution modes are effective as this the only way through which they can offer the attractive tours as well as packages. The wide range of attractive services and easy availability of the tickets helps the company to meet the needs of the targeted customers and to meet the marketing objectives (Isoraite, 2016). The company will improve the packages and their distribution section by forming the combos. Promotion strategy Qantas Company makes use of different tools for promoting their products in the market that include the traditional as well as the digital tools. The company has the loyalty program that is considered as one of the best loyalty options. Qantas promote the services through TV, print,
Marketing6 online advertisement, social media, and many others in the market. In addition, the company needs to promote the products through emerging new channels that include Google advertisement and many other platforms (Kotler, 2015). This will help the company to meet their marketing objective that is to increase the market awareness, sales, number of customers and many others. Promotional budget The below given is the promotional budget for the Qantas company: - Promotional Budget MethodAmount 1. Direct Marketing Online media Facebook$500.00 Twitter$1,500.00 LinkedIn$1,800.00 E-mail Marketing$500.00 Total Amount of Online Media through Direct marketing$4,300.00 2. Advertisement Print Media Newspaper$750.00 Journals$1,500.00 Online advertisement$800.00 Total amount of Advertisement$3,050.00 3. Sales promotion Discount Coupons$900.00 Loyalty programs$1,800.00 Total amount of sales promotion$2,700.00 Total amount$10,050.00
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Marketing7 Calendar of Marketing Activities The below given is the calendar of the marketing activities which include the activities and the related time. ActivitiesResponsible personTime (1 year) Market researchResearch and development department 3 months Considering the needs of customers Customer satisfaction department 1 months Adding new servicesOperations department4 months Offering the attractive packages Marketing and sales department 2 months Improving the distribution for tickets Sales department1 month Generating the awareness through new channels Marketing department2 months
Marketing8 Conclusion In the end of the report, it is concluded that marketing principles of Qantas Company shows the major discussion related to the product, price, place, and promotion strategy. The strategies are formed by the company so that they meet the marketing objective within a year. These strategies are formed considering the targeted market present in the Australian market.
Marketing9 References Armstrong, G., Adam, S., Denize, S. & Kotler, P. (2014).Principles of marketing. 6thedition. Welbourne: Pearson Australia. Baker, M. J. (2014).Marketing strategy and management. London: Palgrave Macmillan. Chernev, A. (2018).Strategic marketing management. Chicago:Cerebellum Press. David, F.R. (2011).Strategic management: Concepts and cases. India: Pearson/Prentice Hall. Isoraite, M. (2016). Marketing Mix Theoretical Aspects.International Journal Of Research – Granthaalayah,4(6), 25-37. Kotler, P. (2015).Framework for marketing management. India: Pearson Education. Qantas (2019)Our Company. Retrieved from: https://www.qantas.com/travel/airlines/company/global/en[Accessed on 21stMay 2019] Travel weekly. (2019).New Research Has Found That Qantas Has Taken The Title Of Australia’s Strongest Brand Off The Commonwealth Bank For 2019. Retrieved from: http://www.travelweekly.com.au/article/qantas-crowned-australias-strongest-brand-and- another-airline-makes-the-top-10/