A Report on Marketing Processes, Planning, and Strategy at Sainsbury's

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Added on  2023/06/18

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This report provides an overview of marketing processes and planning with a focus on Sainsbury's, a major international supermarket chain. It emphasizes the importance of marketing operations for business development, revenue growth, and profitability. The report covers competitor analysis, research on marketing strategies and consumer opinions, tracking and forecasting sales trends, and collecting data on customer preferences. It highlights the role of marketing management in developing and implementing effective strategies, utilizing strategic management, and adapting to modern marketing approaches. The report concludes that marketing is a crucial function for increasing customer satisfaction and achieving success in a competitive marketplace, emphasizing the need for continuous training and support from top-level management. Desklib provides access to a wealth of similar past papers and solved assignments to aid students in their studies.
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Marketing processes and
planning
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Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................4
Information on competitors to conduct analysis on their sales, prices and methods of
distribution and marketing to thoroughly learn about the competition.......................................4
Research on marketing strategies and consumer opinions..........................................................4
Tracking and forecasting trends in sales and marketing, producing reports on the results for
management to inform their decision making.............................................................................4
Collecting and analyzing data on customer preferences, demographics, buying habits and
needs, to better identify market potential and the factors that influence product demand..........4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6
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INTRODUCTION
Business marketing process and planning play an important role by developing the
business entity in a systematic manner. It is essential for a business to focus on marketing
operations in a precise manner in order to increase the revenue and profitability of the business.
It is major duty of a business to hire skilled and trained marketing professionals for business
development and growth. In this report example of Sainsbury is taken into consideration which is
an international chain of supermarket is taken into consideration. The company was founded in
the year 1869 and is headquartered in London, United Kingdom. In this report there is a detailed
explanation of marketing functions and role of marketing department in a business. This project
also contains information about marketing strategies and competitor analysis. In this project
there is a detailed explanation of data management and application of marketing plan in a perfect
manner.
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MAIN BODY
Information on competitors to conduct analysis on their sales, prices and methods of distribution
and marketing to thoroughly learn about the competition
Research on marketing strategies and consumer opinions
It is very much essential for a business to focus on marketing strategies and to understand
consumer behaviour and opinion. The marketing strategies should be formulated by the
marketing management and their implementation is also important for the business to develop
effective operations. In the corporate world, it is major responsibility of marketing management
to take help of strategic management for development of systematic operations. In the recent
times, it is also major role of marketing management of Sainsbury to take of following marketing
strategies:
Tracking and forecasting trends in sales and marketing, producing reports on the results for
management to inform their decision making
The forecasting and prediction of future trends play a major role in developing sales
strategy in marketing activities. In the development of a business entity it is main duty of
marketing management to develop and produce systematic and arranged report in order to
facilitate and develop business operations. In the business, there is also a need to develop
decision making with the help of precise techniques in order to develop whole business.
Most of the times in a business, there is a need of developing the operations with
application of marketing theories and models for the business success.
Collecting and analyzing data on customer preferences, demographics, buying habits and needs,
to better identify market potential and the factors that influence product demand
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CONCLUSION
From the above stated report it can be concluded that marketing is a major function of a
business entity which is majorly responsible for increasing customer satisfaction by selling
company product. This project concludes that in the era of stiff competition between different
companies it is essential for a business entity to provide essential and desired training to
marketing department in order to gain desired success in the marketplace. This project concludes
that it is important for the company to take support of professional strategic and top level
management in order to succeed at the market place in a significant manner.
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REFERENCES
Books and Journals
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