This project provides a marketing plan for an organization to meet marketing objectives, develop a marketing campaign, and impact shopper navigation. It also covers customer relationship management, campaign management, market research, and more.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
This project will be providing the marketing plan for the organization to meet the marketing objectives. This project will also develop a marketing plan for supporting a marketing campaign for an organization. Impact of shopper Navigation : With the help of marketing practices the supermarkets are able to guide the customers towards the products.
This is helpful for the retailers like Tesco to influences the customers towards buying the products that they want (Huang and Rust, 2021). Focus on customers relationship management : The CRM is the factor which is considered to be the one that has been influenced with the development of data bases that helps the target customers based on their product preferences, expenditure and more.
Conducting campaign management for marketing initiative : The marketing being proactive is considered to be effective for the identification of the products and services for focusing on the course of the sales cycle and the products materials and communication t the market (Tien, Phu and Chi, 2019). Producing marketing and promotional materials : The role of marketing department is considered to be the focus of creating materials which are described as the promotion of the core products and services which are needed to be kept up-to-date for the products and services that are involved in the organization. Monitoring and managing social media : The marketing of the organization has been considered to be the key towards the management and maintaining of social media pages. With the help of marketing the management of the accounts has been considered to be carefully that is being posted. Producing internal communication : The employees of the organization need to understand the company values, goals and its priorities for making the business responsible for the employee communication through a newsletter for intranet. Conducting market research : Research is helpful for the definition of target market and opportunities that helps in understanding the products and services that are perceived.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Development of a cost benefit marketing campaign is very difficult. The success of the marketing campaign is always at risk if not carefully researched (Rangaswamy and et.al., 2020. The scale of operations for Tesco is much higher than that of the Marks & Spencer's therefore the customers which visit the supermarket in Tesco are more likely to get more options in terms of fashion products. M&S on the other hand is known for its quality and style which makes it the favourite of the customers in UK comparatively (Lim, 2021). Both these organizations use their products for the marketing by showing of their quality and value to money. Price : In the UK market of fashion both these organizations show tough competition to each other and other competitors. Tesco's strategy has always been to be more cost effective as a retailer. This has allowed this organization to keep its products prices the lowest in the market. This gives Tesco a competitive advantage over the other companies in which it is able to attract the customers with low income and provide them fashion products with cheaper rates. However, M&S on the other hand has higher prices to their fashion products but the quality of their products is also better to meet their prices. There are customers which believe that the products of M&S have the value to their price. Place : Tesco being the 3rdlargest retailer in UK has lots of supermarkets and with large number of products. This company has made sure that it is able to reach the customers very effectively through the number of retail stores and supermarkets of different size. This also allows the company to strategical position the fashion products according the places and culture. Mark & Spencer in comparison to Tesco simply does not have the same reach. This shows the effectiveness of the place used as marketing
practices (Blut, Teller and Floh, 2018). M&S has been very successful in adapting to the online forms of marketing which influences the growth of the organization. Tesco also has online platforms for the customers to use for but comparatively M&S is able to gain the competitive advantage in the online operations. Promotions : The focus of Tesco in the promotions is considered to be very effective for developing marketing practices. However, it has been noticed that being a large organization Tesco has adopted to a more traditional ways for attracting the customers. These methods include advertising through television ads, newspapers, magazines and billboards. This company has also used social media in some context for their marketing. On the other hand M&S has been very successful with its promotions on the digital platforms. Being able to recognize the current trends and digital technology M&S has been able to utilize digital marketing practices for the promotions of their products and services. With the help of SEO and social media marketing the company has been able to develop strategic growth.
(Al Badi, 2018). Corporate strategy : The implementation of an integrated campaign of marketing is going to help the organization in accessing the content, programs and tactics for the publications of the marketing calendar. The focus of this business is to create a marketing plan for guiding the use of company resources to be effective in the marketing practices (Han and et.al., 2019).
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
SMART Objectives : Specific :To capture the majority of the market share of Cottage Pie in the food sector of UK. Measurable: To increase the sales of the Cottage Pie by 20%. Achievable :To gain positive feedbacks from the customers which consume Cottage pie. Realistic :To maintain the consistency of quality and sales of this product. Timely :To achieve the goals of the Tesco for Cottage Pie in a year. Market research : This product is one of the traditional products of UK and has been known for being a very loved by the people of UK. This is one of the key essential of their daily diet. Hence, the aim of Tesco is to provide ready-made Cottage Pie that can be consumed with after being heated moderately. PESTLE Analysis : Political-The influence of the government rules and regulations related to the packed food can affect the product of Cottage pie in the market. Economic-The economic stability of UK influences the inflation, employability and other factors that can influence operations of the organization. Social-The social trends towards the Cottage pie can influence the increase of sale and also affect the marketing of this product (Brioso and Borbon, 2022). Technological-With the help of new technology this organization can use new ways of introducing technology in the organization.
Legal-Changes in the laws can impact the growth of the business which influences the business to strategies to achieve the results. Environmental-The environmental affects of this dish can influence the marketing and boost or destroy its significance (Sahir and Rosmawati, 2020). . New product value Proposition : This products have the features as a type of savory pie. This is made up of Minced meat hence has high protein content. In this, meat is mashed or has sliced potato on top (Mum’s Traditional Cottage Pie, 2022). Marketing strategies to extended marketing mix : This marketing campaign will be using the Holistic marketing strategy for influencing its marketing mix.
Tactical Actions: With the help of offering discounts on the products also the organization can influence the marketing and impact its promotions. ROMI : The return of the marketing investment that will be made by this organization will be in the form of increased sales in the organization. Hence, the amount of spendings needs to be divided by the marketing risk that is invested or risked. CLV : The efficiency of the marketing plan can be measured with the help of customer lifetime value. This is total worth of business of a customers over the whole period of their relationship.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Focusing on the ways of communicating with the customers that will require points of differentiations (Moreno and et.al., 2021). Providing the customer's knowledge about the quality of the product. Creative posts, videos and images will help in driving traffic to the product's e-commerce site.
Being able to develop specific goals for the media plan is going to be very effective to influence the audience and achieve the desired goals. For the effective results in the marketing understanding the target audience to use the media tools most effectively. Social media which one of the most common tool of the media plan are needed to be used very wisely in order to influence the target demographics. Using the best social media for the effective marketing can actually influence the demographics of the organization (Li, Larimo and Leonidou, 2021). For this product utilization of Instagram and YouTube will be very effective. Social media platforms like Link-din will not be as effective for food products. Utilizing social media effectively by recognizing the trends and audience can also help the media plan with better results. Creativity is going to be very important tool of marketing for Tesco. Strategical collaboration of the marketing media functions with the other departments will help the company to effectively increase the marketing of the products that are needed.
They will use the media channels and tools efficiently to promote the Cottage pie (How to Plan a Media Budget, 2021).
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Han, Y., and et.al., 2019. Robust consensus models based on minimum cost with an application to marketing plan.Journal of Intelligent & Fuzzy Systems.37(4). pp.5655-5668. Huang, M.H. and Rust, R.T., 2021. A strategic framework for artificial intelligence in marketing.Journal of the Academy of Marketing Science. 49(1). pp.30-50. Li, F., Larimo, J. and Leonidou, L.C., 2021. Social media marketing strategy: definition, conceptualization, taxonomy, validation, and future agenda.Journal of the Academy of Marketing Science. 49(1). pp.51-70.
Lim, W.M., 2021. A marketing mix typology for integrated care: the 10 Ps.Journal of Strategic Marketing. 29(5). pp.453-469. Moreno, M.A., and et.al., 2021. Effect of a Family Media Use Plan on Media Rule Engagement Among Adolescents: A Randomized Clinical Trial.JAMA pediatrics.175(4). pp.351-358. Rangaswamy, A., and et.al., 2020. The role of marketing in digital business platforms.Journal of Interactive Marketing. 51. pp.72-90. Sahir, S.H. and Rosmawati, R., 2020. Improve Marketing Mix for Marketing Plan Strategic in Coffeeshop Business.Management Analysis Journal.9(4). pp.459-466. Tien, N.H., Phu, P.P. and Chi, D.T.P., 2019. The role of international marketing in international business strategy.International Journal of Research in Marketing Management and Sales.1(2). pp.134-138. Online How to Plan a Media Budget, 2021[Online]. Available through: <https://www.bionic-ads.com/2018/03/how-to-plan-a-media-budget/> Mum’s Traditional Cottage Pie, 2022[Online]. Available through: <https://www.dontgobaconmyheart.co.uk/traditional-cottage-pie/>