Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 1.1 Marketing concept and activities conducted by department.................................................1 1.2 Market segmentation.............................................................................................................1 1.3 Marketing mix.......................................................................................................................2 TASK 2............................................................................................................................................3 2.1 Aims of research and market analysis...................................................................................3 2.2 Market research methods......................................................................................................3 2.3 Market analysis tools and techniques....................................................................................4 TASK 3............................................................................................................................................4 4.1 Methods used to e-market products and services..................................................................4 4.2 Manage online image of organisation...................................................................................5 TASK 4............................................................................................................................................5 3.1 Market analysis techniques to research target market...........................................................5 3.2 Findings of market research and analysis.............................................................................6 3.3 Findings to marketing team...................................................................................................6 CONCLUSION................................................................................................................................6 REFERENCES...............................................................................................................................8
INTRODUCTION Marketingprinciplesandtechniquesdefinethateveryorganisationmanagement responsibility is to establish good position and image in market. It is essential that appropriate promotion techniques are used by entrepreneur to inform people about needs and wants; thereby influence and persuade consumers to purchase things in according to their needs and wants (Graber And et. al.,2016). Present report is based on Cissy Wears which is small retail store established in London. This shop has two outlets, one which offers child apparels andanother have jewellery, toiletries and home ware for youth. This assignment comprise information about marketing, its mix and segmentation to identify customer. Market research is tool used by administration to acknowledge tools and techniques used by company to anticipate taste and preferences of people and competitors products. Along this, E-marketing methods used by management to construct online image; thereby attract customers. TASK 1 1.1 Marketing concept and activities conducted by department Marketingistacticwhichincludesactivitiesexecutedbymanagementtoattract customersby informingthemaboutitemsand services. Organisationcomprisesdifferent segments such ashuman resource, finance, operation, marketing, sales, IT, research and development. These are units which are constituted by Cissy Wears to organise business activities and use appropriate tools and techniques which help entrepreneur deliver adequate products to customers. This is a small firm so it is necessary that administration uses funds and have adequate resources to accomplish goals and targets within defined time (Batini and Scannapieco, 2016). Marketing department duties include constructing plan which comprises information about marketing mix that is product, price, place, promotion, people, process and physical evidence.Alongthis,theyevenneedtoframebudgetanduseappropriatepricingand promotional strategies. 1.2 Market segmentation Demographic, geographic, psycho graphic and behavioural are various segmentation tactics that organisation uses to provide items in according to taste and preference of people. 1
Cissy Wears is small clothing firm, so it is necessary that entrepreneur provide products in according to market conditions and in respect to customers age groups and requirements. STP tactic is used by management to grab attention of people by giving items in according to their needs and demands. This is description of Cissy Wearsto segment, target and position customers is stated below:ï‚·Segmentation:This concept define that population in divided into small segments that is heterogeneous people are segregated and converted into homogeneous group which has similar demands, taste and preferences. Cissy Wears provide items in according to age, gender, income and other aspects. This helps management to attract customers and make them purchase things in according to their needs and wants (von der Heidt, 2015).ï‚·Targeting:This tactic specifies that organisation need to provide products in respect to demands of people. Cissy Wears target child and adult which help businessperson to have adequate customer base. ï‚·Positioning:This is last step which defines that promotional techniques are used by management ofCissy Wears to grab attention of people by providing them information about items, its features and other essential attributes. In addition to this, various kinds of segmentation are explained below: Geographical:It is perhaps considered as one of the common market segmentation based on which areas are divided needs and wants of people are given much preferences. For example: London is cold place so according to the climatic condition Cissy wears can target winter wears in order to improve their sales and profitability. Demographic:This is segmented on the basis of age, gender, income, family size etc., there is a possibility that some brands majorly focus on women and some on men. Cissy wear, is manufacturing clothes by considering all categories, whether old aged person, young, males or female. 1.3 Marketing mix Marketing mix is determined as the foundation of marketing and it consist of marketing tools through which firm can develop objectives so that it can be achieved in speculated time frame. Further it can be classified into 4Ps or 7Ps. Namely: products, price, promotion and place. 2
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TASK 2 2.1 Aims of research and market analysis Research is defined as activity executed by management to have complete and accurate information about market conditions. It is essential that businessperson construct objectives and purpose which are used by them to design system and conduct business activities in effective manner. This benefits entrepreneur to identify customers and their demands to manufacture items according to taste and preference of people. Market analysis:This tactic defines that small business firms require to utilise resources and make system function in according to market conditions. It is necessary that management has complete information about needs and wants of customers, competitors and industry. This help businessperson to assess market size, select appropriate target. Market trends and competitive analysis techniques used by Cissy Wears to design items and services in according to customers (Eagle, Hamann and Low, 2016). 2.2 Market research methods Researcher has various tools and techniques to acknowledge needs and wants of people to design system and implement appropriate technologies; thereby provide items and services in respect to taste and preference of customers. These are various research methods that are used by management of Cissy Wears are stated below: Primary methods:Observation, interviews, survey and field trials are various techniques usedbysuperiortoidentifycurrentmarkettrendsandcompetitorsofferings.Thishelp management to produce stylish clothes and different varieties in respect to target customers. Observation:It is determined as one of the most common methods for collecting data, and it is done in natural settings. This can be conducted without participant's concern. So, it is considered as one of the best methods because outcomes are true and unbiased. Interviews:While conducting this method researcher has to go to every individual whom they want to interview. This is quite expensive as compared to other primary data collection method. Questionnaire:It is considered as one of the most common methods of data collection and they are less time and cost consuming. This is used by most of the researcher because responses can be collected very easily. 3
Secondary methods:This is another tool which helps businessperson to use published data to acknowledge past information about sales and profit. Journals, magazines and newspaper are various techniques used by Cissy Wears to have complete data in respect to customer base and market position (Panwar and et. al., 2015). In relations to secondary methods Cissy Wears will conduct SWOT analysis through which they will get to knew about their internal strengths and weaknesses. Whereas PESTLE will provide information related to external environments that are creating problem in business operations. 2.3 Market analysis tools and techniques Researcher uses various approaches and methods to acknowledge conditions that are prevailing in market to design system and make it function in according to needs and wants of people. These are various tools and techniques used by management ofCissy Wears are as follows:ï‚·PEST analysis:This tactic helps entrepreneur to have complete information about government laws,economicaspects,society requirementsandtechnologicalthings impacts on business. Businessperson will have complete knowledge about external macro factors which are used to design system accordingly.ï‚·SWOT analysis:This technique is effective which help entrepreneur to acknowledge system abilities and market conditions. Cissy Wears need to enhance share and position by utilising market opportunities with help of strengths present in system; thereby protect firm from threats and weaknesses. ï‚·Forecasting:This tool defines that market research is executed by management to identify needs and wants of people. Cissy Wears provide trendy clothes and products to attract customers and make them purchase adequate things (Bach and Alnajar, 2016). TASK 3 4.1 Methods used to e-market products and services Electronic-marketing is process which is executed by marketing department to attract customers by informing them about items and services. This technique helps organisation to increase customer base and market reach with use of internet. Cissy Wears is small family firm which has single outlet established in London. Hence, e-marketing is effective tools which helps 4
entrepreneur to enhance customer base by providing things online. These are various methods used by marketing team to inform people about items and services are as follows:ï‚·Social media marketing:YouTube, Facebook, Google and Instagram are various tools which help organisation to attract customers by informing them about variety of items. Cissy Wears is small firm which require proper utilisation of funds and other resources to enhance market share by using online tactics (Barrios, Grant and Arias, 2017).ï‚·E-mail marketing:Cissy Wears has record of customers which is appropriate technique to provide adequate information to people about variety of items and services by sending them information about discounts, rebate and vouchers. ï‚·Blog marketing:This is another tactic used by Cissy Wears to construct a blog which includes suggestions and opinions of customers. This help management to grab attention of people by making them aware about clients which are happy by their services and quality of things. 4.2 Manage online image of organisation E-marketing is appropriate technique for Cissy Wears which helps business person to increase market reach and share by using internet facility. This is small family business which has outlet established in London, so this tactic helps entrepreneur to enhance customer base and sales. These are various steps conducted by management to establish strong image and goodwill in market are stated beneath (Falk and Bozek, 2015): ï‚·Marketing team of Cissy Wears constructs website to inform people about variety of items and modifications that are made in clothes to make it in according to current market trends. ï‚·Blog marketing is tool helps management to take reviews from customers which help in attracting other people and influence their purchase decision by giving them quality assurance. TASK 4 3.1 Market analysis techniques to research target market Market analysis is activity conducted by organisation to asses taste and preference of people which help entrepreneur to segment market and target customers which have potential to purchase things in respect to their needs and wants. PEST analysis is technique which helps 5
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management of Cissy Wears to design system and make it function legally. Government laws and legislations are used to frame policies and strategies; thereby implement appropriate techniques and technologies to deliver clothes in according to kid and adults. Along this. SWOT analysis benefits management to utilise market opportunities and strengths. Forecasting helps identify demands of people and protect company from competitors and weaknesses (Graber, And et. al., 2016). INTRODUCTION: Marketingresearchisconsideredasasetofprocedurewhichhelpscompanyin determining the needs and wants of customers as per a particular market area. This includes certain criteria like opportunities, marketing action, monitoring marketing performance etc., as a result it will assist company in executing their plan in a better manner. PRIMARY RESERACH TITLE:This report will be based on Cissy Wear company and emphasis will be more on clothings products. DEMOGRAPHICS:According to this category segmentation was done on the basis of age, gender, occupation, income and many more. QUESTIONNIRE AND ITS ANALYSIS: THEME 1:Buy clothes from Cissy wear Q1) Do you buy clothes from Cissy wear?Frequency Yes18 No2 6
Interpretation:As per the this graph to can be evaluated that 18 of the respondents purchase clothes from Cissy wear whereas rest 2 prefer other stores for the same. THEME 2: Main feature you like about clothes Q2) What is the main feature you like about clothes offer by Cissy wear? Frequency Price5 Quality10 Colour5 7 YesNo 0 2 4 6 8 10 12 14 16 18 18 2 Column B
Interpretation:According to questionnaire, 5 of the respondents are buying clothes because of price, whereas 10 for quality and rest 5 for colour. THEME 3: Clothes offer by Cissy wear are successful Q3) Does clothes offer by Cissy wear are successful in satisfy your needs? Frequency Yes15 No5 8 5 10 5 Price Quality Colour 15 5 Yes No
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Interpretation:With the help of this it can be evaluated 15 of the respondents are agreeing that company is satisfying their needs in terms of clothing and rest 5 are not satisfying. THEME 4: Like purchase clothes online Q4) Do you like purchase clothes online?Frequency Yes17 No3 Interpretation: 17 of the respondents are saying yes they buy clothes online and rest 3 don't. THEME 5: Collect information about the fashion before take purchase decision Q5) Do you collect information about the fashionbeforetakepurchasedecisionof clothes? Frequency Yes12 No8 9 17 3 Yes No
Interpretation:12 of the respondents said that yes before purchasing clothes they collect information online whereas 8 don't prefer gathering data. THEME 6: Purchases usually planned or remain Q6) Are you purchases usually planned or remain on the moment? Frequency Planned5 On the moment5 Both of them10 10 12 8 Yes No
Interpretation:5 of them plan before purchasing clothes, whereas 5 make decision at the moment and lastly, 10 prefer both of them before purchasing. THEME 7: Purchase a matching outfit item? Q7)Duringpurchaseclothes,doyou purchase a matching outfit item? Frequency Yes16 No4 11 5 5 10Planned On the moment Both of them 16 4 Yes No
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Interpretation:16 of them are saying yes whereas 4 just go and buy goods. THEME 8: Major factor you consider Q8) What is the major factor you consider while make a purchase decision? Frequency Fashion8 Budget5 Both7 Interpretation:According to the above graph it can be evaluated that 8 of them look out for fashion and 5 look out for budget and rest 7 of them consider the both. THEME 9: Celebrities fashion labels influence you to make a purchase decision Q9) Does celebrities fashion labels influenceFrequency 12 8 5 7 Fashion Budget Both
you to make a purchase decision? Yes17 No3 Interpretation:17 of the respondents are saying that celebrities fashion labels influence them in purchasing decision and rest 3 are No which means celebrates fashion doesn't bother them. THEME 10: Purchase a new item Q10) How often you purchase a new item?Frequency 1-5 time per year5 Once in a month10 4-7 time per month5 13 17 3 Yes No
Interpretation:5 of the respondents are saying that they purchase goods in 1-5 time per year, whereas 10 of them are saying they buy clothes once in a month and rest 5, 4-7 time per month. THEME 11: Inspiration for make new purchases Q11) From where you take the inspiration for make new purchases? Frequency Friends15 Family3 Fashion blogs2 14 5 10 5 1-5 time per year Once in a month 4-7 time per month
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Interpretation:15 of them are saying they task inspiration from friends, 3 of them from friends and 2 of them prefer fashion blogs. THEME 12: Mainly shop with Q12) Who do you mainly shop with?Frequency Family15 Alone5 Friends5 15 15 3 2 Friends Family Fashion blogs
Interpretation: 5 of them shop with family, whereas 10 of them go with friends and rest 5 shop alone. THEME 13: Encourage more to try new fashion and style Q13) What would you encourage more to try new fashion and style? Frequency Celebrity’s style12 Friend’s suggestion4 Family’s suggestion4 16 15 3 2 Friends Family Fashion blogs
Interpretation: 12 of them prefer celebrity's style whereas 4 that suggestions from friend and rest 6 take family suggestions. THEME 14: Buy more clothes when on sales Q14) Do you buy more clothes when on sales? Frequency Yes15 No5 17 124 4 Celebrity’s style Friend’s suggestion Family’s suggestion 15 5 Yes No
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Interpretation:15 of them purchase clothes during sales and rest 5 are saying no which means they buy clothes anytime. MARKETING MIX Marketing department of Cissy Wears frame marketing mix which help company to construct adequate image and reputation in market are defined below: Product:This element define that firms provide variety of items and services to fulfil needs and wants of people; thereby generate adequate profit from business. Cissy Wear has stylish kid and adult apparels, home ware, toiletries and jewellery things. Price:This tactic specifies that management require to use appropriate strategies such as penetration and skimming to attract customers by providing them things at reasonable rates. Cissy Wears has different range items which help seniors to have adequate number of people which benefit them purchase things accordingly (Huang and Rundle-Thiele, 2015). Place:This component defines that entrepreneur establish outlets in different places to attract customers and make people easily avail services and items. Cissy Wear has only one outlet which is established in London. So, company has less number of consumers which impacts on sales and revenue of business. Promotion:Advertising,salespromotion,personalselling,publicityandonline marketing are various techniques that marketing unit used to inform people about products and services. Cissy Wear is small family business which has very less market reach. Businessperson is not using any promotional tools. Thus, these are various tactics which need to be used to enhance market position and image. People:This element comprises various individuals which constitute appropriate position in company.Cissy Wear is small firm, so entrepreneur need to have adequate workforce, members to provide adequate things in market in according to needs and wants of people. Process:Managementimplementstoolsandtechniquesinsystemtomanufacture appropriate items and deliver quality services to people. Cissy Wear is retail store which need to provide stylish clothes to people and use software which help in enhancing market goodwill (Wright and Allen, 2015). Physical evidence:This tactic defines that organisation require to provide adequate infrastructure and facilities to customers. Cissy Wear is small retail store which have traditional outlet which influence on image of company in market. 18
CONCLUSION From the above mentioned reports, it can be concluded that primary and secondary both methods are assisting firm in analysing their external and internal factors which is having some or the other impact on business operations. In addition to this, company is using marketing mix tool in order to get appropriate outcomes for their research. RECOMMENDATION It can be recommended that company must manufacture clothes for all the genders and must not focused on one gender. SECONDARY RESEARCH Moreover PESTLE and SWOT analysis is conducted and explained below for a better understanding: PESTLE analysis Political:While establishing their business it is crucial that company considered this factor, as they are the one who formulate laws and regulations. If government is stable in nature than firm can operate its business in a better manner. But continuous change in regulatory bodies can lead to negative impact on business. Economic:This factor is crucial because sudden change in economic policies can lead to modification in strategies and plan of action for the company. Therefore, firm must go through laws, inflation and deflation rates etc., so that effective strategies can be made. Social:People are the one for whom company manufacture goods so that their sales and profitability can be increased. In context with Cissy Wear they are producing goods of all sections of society by their main focus is on making women centric apparels. Technological:With the change in course of time, technologies has assisted company in manufacturing goods in more appropriate manner. As company is not big because of which they have implemented small tools. Legal:Company for running their business in an effective manner, they have to follow some legal procedures and it is different according to country. Environmental:Nowadays'firmareestablishingtheirbusinessbyconsidering environmental factor. They look out for areas from where enterprise can get ample number of resources and other facilities. 19
SWOT analysis Strengths:As firm is manufacturing clothes that are women centric because of which Cissy wears are increasing their sales and profitability. Weaknesses:Cissy wear is concentrating only on women appeals because of which they are unable to attract males and other gender people towards theirs stores. As a result it is decreasing sales. Opportunities:In recent times company is provided with lot of opportunities, it depends upon firm which opportunities they want to grab. For example: they can start manufacturing clothes for other people as well. Threats:With the increase in competition in threat is increasing. In context with Cissy Wear, if company selling same products can work as a threat for the enterprise. CONCLUSION From the above report, it can be comprehended that marketing is activity which helps organisation to enhance goodwill and image. Traditional business has limited market reach and customers which impacts on sales and revenue. With technological advancements, online marketing become popular which help entrepreneur to inform people about items and give them facility to purchase products online. Forecasting, PEST and SWOT analysis are used byCissy Wears to have appropriate data about market abilities and system capabilities. Along this, various research methods and tools such as survey, interview, journals, observation are used to have primary and secondary data. This benefits firm to use blog, e-mail and social media to attract customers and position company higher than competitors. 20
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