Marketing Report on Morrison: Analysing Branding Strategy, Positioning, and Marketing Mix
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This report analyses the branding strategy, positioning, and marketing mix of Morrison, a well-known supermarket. It discusses the role of branding strategy, positioning strategies, and the impact of such positioning on the firm. It also examines the current marketing mix and provides recommendations for the future.
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TABLE OF CONTENTS .........................................................................................................................................................1 INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Analysing the branding strategy................................................................................................3 Identifying how Morrison's position in the market.....................................................................5 Examining the current marketing mix........................................................................................7 Providing recommendations.....................................................................................................10 CONCLUSION..............................................................................................................................11 REFERENCES..............................................................................................................................13
INTRODUCTION Marketing is activity where the company adopts certain way so that it is able to promote and sells goods and services in various markets. Also, the present report is based onMorrison that is well-known supermarket that sells variety of goodsin different regions of world. Moreover, study will describe in detail about role of branding strategy through using appropriate model . Furthermore, the report will also discuss positioning strategiesand impact of such positioningonworking of the firmin long run. Also, through such positioningthe firmwill able to attract new customers towards the business and increase the sales. Furthermore, the study will highlight the role of marketing mix in ensuring greater productivity within the business and will alsoidentify the positive impact of efficient marketing mix that helps in achievement of various goals and objectives . Lastly, the study willprovide certain recommendations so that best marketings strategy might be adopted by the firm in the future MAIN BODY Analysing the branding strategy Branding is type of marketing practice that is used within the firm so that it is able to differentiate the company products with other brands. Also, through the branding the company is able to ensure that more revenues would be generated within the business. Furthermore, branding involves logo, mission statement and design that is used for the communication by the firm (Flikkema and et.al., 2019). Also, in context of Morrison's it can be said that branding is done in way so that more customers could be attracted towards the business in effective manner. Moreover, branding is done through complete analysis so that organization might become more competitive and serve customers in better manner. Furthermore, factors like range, quality and ease of products is also considered by the business so that not many losses have be incurred later in the future. Morrison is company that is focused on the making all the organizational elements interrelated so that even though whatever might be the change in the company in future it is able to implement in effective manner. Moreover, to implement the best branding strategy within the workplace the firm useMc Kinsey 7 s modelthat consist of following elements that are as follows:
Strategy: It can be said that it is clearly defined by the firm and is communicated properly to all item employees working at different levels. Furthermore, based on defined strategy the cited firm is than able to make all the operations transparent and the aligns the action of all employees towards the common goals (Strategy,2022). Also, the current strategy of the Morrison is to take into consideration the changing needs of the customer so that it is able to stay relevant among the target groups. Structure:Morrison is responsible for maintaining the high coordination among the employeesthrough following the hierarchalstructure for working. Also, the companyis decentralized and centralized the work depending upon the market conditions so that there is not much negative effect on the current branding strategy of the business. Systems:The company is having the defined control systems and have especially designed tools and the method for evaluating each employee performance. Also, it ensures that all the systems work together in coordination so that best outcomes are derived in the end. Furthermore, the supervisors are appointed by Morrison to check whether the team is able to achieve desired goals or not in timely manner Shared Values:The organization work on certain values such as creativity, honesty, transparency, accountability etc. so that proper working and development of future branding strategy might be assured within the business. Skills:To work in the organization culture it is required that all the employees of Morrison have certain skill-set so that assigned tasks are fulfilled in best of manner (Dubbelink and et.al., 2021).Furthermore, these skills are upgraded from time to time through various training programs so that best branding is done among the competitors that are available in the market Style: It had adopted the participative leadership style where it is interested in collecting the opinions form employees so that certain changes might be made and also the best decisions could be taken for the future Staff: All the staff is highly qualified employees that are able to deliver the output according to requirements of the business. Furthermore, company staff are very large and hence it can be said time of filling the gaps the firm hires those that have the required capabilities and capacities so that there is less wastage of resources.
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Furthermore, Morrison is one that is following theonlineandproductbranding strategyover the years so that all customers are able to easily recognize the products through its brand logo and style. Moreover, this type of branding is typically used by the firm because it helpsin building the reputation in target markets and build greater integrity. Also, through the product branding strategy the firm is able to differentiate the products from one another and create more brand awareness in various regions. Thus, choosing the right branding strategy helps in the aligning the employees contribution and productivity. Furthermore, it ensures that business is working on the right activities and is able to build the financial value in the market. Hence, with right branding strategy Morrison it is able to develop large customer base and also able to the build the workforce that is highly compatible in understanding the customer needs and choices. Also, through such analysis employees are able to suggest best options to the top management to build stronger customer base and helps in building the positive work culture ate the workplace (Syapsan, 2019). Moreover, with right branding the Morrison had been able to maintain the customer loyalty and satisfaction over its products in systematic manner. Also, it had allowed the business to introduce new product line with ease through having the support from all its employees. For example: The new product line in vegan foods and organic meals that are priced competitively. Hence, brand strategy helps in developing the favorability within the market and allows the business to sustain the stiff competition from others in the best way. Identifying how Morrison's position in the market There are various ways through which both large and small companies are able to position in the market. Furthermore, if the right positioning strategy is adopted by the firm than it would result in greater profits in short span of time. Also, in terms of targeting it can be said that Morrison's is mainly targeting the families that requires various consumer goods on timely manner (Fayvishenko, 2018). Also, the marketing strategy by the firm is developed in such a waythatit offers the product based on the demand and choices. Moreover, it offers the products either adopting the premium pricing, promotional pricing or bundle pricing depending upon the external business environment so that maximum returns are assured in the future. Furthermore, in the current times when there is high level of competition in the market it is very important for any firm to position its products in target market in the best manner so that competitive advantage is maintained and employee satisfaction is developed to work for betterment of organizational performance.
Thus, in this context it can be said that Morrison position itself in the market through claiming to be low priced seller that is offering variety of quality goods at lesser prices than in markets (Mulyana and et.al., 2020). Furthermore, such low priced items helps to grab the attention of most of the consumers that are ready to make purchases either through online or offline stores. Also, the positioning of the products in various markets is done through the effective marketing mix so that best strategy is developed by the firm. Moreover, company uses technology that helps in faster production andoperations on large scale so that goods could be delivered to the public on timely manner. Also, Morrison is also having the large chain stores that helps in positioning various goods in different regions through making most popular items in low cost in region where the product is lesser known (Thomas and George, 2021). Thus, it helps in building up customer loyalty and satisfaction and further lead to the repeated purchases in the future.Moreover,thecitedcompanyisalsoinvolvedincompetitivepositioningwhere Morrison compares product or services with that of competitors and this also helps company to know about image of brand in the minds of consumers. Furthermore, it is whole process that is followed in brand positioning and Morrison had used the following steps to position its various product in the market. Determine current brand positioning:it is stage where Morrison and appointed team analyse whether the products have distinct identity within the market or not. Furthermore, this insight helps the firm to decide what planning is further required within the business. Creating brand essence chart: It is one where the company creates the chart that specifies the brand attributes, benefits, personality and much more of products so that each aspect is analysed in full manner. Identifying competitors and conducting research:The next stage that is followed is identifying all the potentialcompetitorsin the market and analysing their strategies. Also, for this purpose proper market research is also done so based on that correct decision might be made in the future for the development go the organization. Create positioning statement:This stage is one where the organization identify what is unique proposition of its products in the market (Adıgüzel, 2020). Also, this helps Morrison to build the brand positioning framework so that work could be carried out as it is planned to maximize the efficiency.
Evaluate whether positioning work:Morrison oversees that whether the set decision and criteria are working within the firm or not. Also, it helps in analysing that whether developed strategy is able to establish emotional connection with the customer and is able to differentiate with other brand or not (Olson and et.al., 2018)Moreover, if it is absent that Morrison further find ways to create the value of the brand and ensures that employees that handles the customers are able to achieve the set objectives in well-defined manner. Thus, through following the palm in systematic manner cited firm is able to maintain the unique of the products in the target market. Also, through positioning it is able to introduce the new product line easily in various markets. Furthermore, through positioning firm is able to promote the goodwill and design the best strategy within the workplace for the future. Also, the positioning strategy by the firm is developed to meet certain expectations of the customers' and also attention and interest of consumers could be grabbed in best of manner. Also, if the right positioningof the brand is done than it helps in creating the positive image among the large number of customers (Taşkıran, 2019). Moreover, it allows in increase the sales of the products and helps in providing the value products to large number of people that are located in diverse regions. Also, for the Morrison it can be said that positioned brands helps in ensuring better tackling of all the problems from different angles so that better end result might be derived in the end (HR and Aithal, 2020). Moreover, it also allows the brand to communicate effectively with the target audience so that sales are assured for long run. Thus, it can be said that positioning within Morrison is beneficial not only for earning higher revenues but also for ensuring continuous growth and success in long run. Also, with increased in number of outlets in UK and stiff competition from big brand like Tesco and ASDA it is very crucial to have right policy to build solid position and memorability of products in the market Examining the current marketing mix Marketing mix is combination of various factors that influences the consumer to purchase various products. Also, it consists of marketing tools so that certain marketing objectives in target market are achieved in well-defined manner. Furthermore, marketing mix help the companies to plan out things in systematic manner so that best products or services might be offered to the customers (Kovač., Palić and Tolić, 2021). Also, this mix allows the firm to plan for the successful product offering so that positive results are derived in the end. Moreover, it
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allows the business to sue the strengths and avoids the unnecessary cost that is involved in various places while carrying out the business operations. Furthermore, it helps inbetter planning, developing and executing of various work within the organization so that there is no confusion among employees that are assigned various job roles. Also, it helps in reducing the overall organizational risk and conflicts that would arise due to lack of proper knowledge of work and coordination's among various activities. Furthermore, it can be said that the companyhad adopted the best marketingmix that has allowed ingaining success in the market in most efficient manner. Also, the detailed marketing mix of the company is been described as follows: Product: The companyis selling huge variety of products in different region of the world and it can be said that because of the product diversification it has been able to earn huge amount of revenues. Also, the company is selling the freshfoods products and have the own manufacturing unitsthat allows the faster delivery of products . Moreover, the brandpays the special attention of the productsquality, features andprices so that more customers could be associated with the brand. Furthermore,the brand is known forproviding the fresh quality products because of which it is able to attract large number of customers. Price:there are different products that are sold in the Morrisonstores and due to this reason the firm uses the premium , bundle and thepromotional proving for all its products available in the market. Moreover,the firm not only focus on prices of the products but is also concerned with assuring the value for money so that more customers remain satisfied and lead to repeated purchases (Morrisons Marketing Strategy & Marketing Mix (4Ps),2022) . Also,in the current era where most of the people are concern over the prices and quality of the products Morrison assures thatit is able to meet both those aspects in best of manner.Furthermore, offering the best prices in market only means thatfirm wouldbe able to have the vast amount of revenues for the future. Place: In context of Morrison it can be said that it is best known as second largest fresh food manufacturer. Also, the company is havingvarious stores that make the food readily available to people living in various regions. Furthermore,the company is having one national centre andseven distribution centres that assures that goods arereadily and faster delivered among the people to avoid any kind of dissatisfaction. Moreover, firm is also having the online website where people could purchase various easily through just one click. Also, such type of
facilities have allowed the firm to expandthe sales to those regions where the reach is impossible. Furthermore, through faster deliveries, customer loyalty is also maintained and chances of the repeated purchases are higher. Promotion: It is very important for any firm to promote the goods in various region so that more revenues are generated and the success of the firm is assured for longer time period . Moreover,if the best promotional strategies are adopted thanchances are higher that more people would be associated with the brand and its products in the future (Ndofirepi, Farinloye, and Mogaji, 2020). Also, in case of cited firm it promotes products using online platforms like Facebook, twitter, Instagram etc. so that more people have the brand awarenesses andgreater loyalty in due course of time . Other than this it also promotes its products using the offline platform such as marketing campaigns, posters, hoardings etc. so that people that visit the stores are aware about it in most the easiest manner. People: The company has employee well qualified employees so that they are able to deliver the highest productivity and allowthe company to maintain the competitive advantage for long run. Also,proper training programmes arebeen provided so thatnew employees are able tounderstandthe working of the company anddeliver the bestof output in various regions. Process: Firm offers multi channel experience to the customers and it adopts the method of offering the lowest pricesto the customers so thatmore people are attracted towards the brand(CatanăandToma,2021).Also,thecompanyassuresthatthereisconsistent communication with the customers so that queries are solved immediately and best engagement is established for future growth and success. Physical evidence:The company is havingthe well-developed website that shows the variety of the products rangevisible to the customers so that easy purchases could be made . Furthermore, the company has presence of the offline storesin various markets thatare ready to provide useful information to the customers. Hence, it can be said that efficient marketing mix has allowed Morrison to establish the brand image in the market and compete with other top brands in the market. Furthermore,best marketing mix of the company has helped inunderstandingmore well all company products and services so that more innovative products could be offered in the future to large number of people.
Providing recommendations There are several suggestions that when adopted would help the company to have huge market share andwould also help inthe continuous growth and success. Also, it wouldallow company to develop better strategies in the future so that better and efficient processing systems could be adopted in while carrying out various business operations . It issuggested to the quoted firm thatit shouldfocusmore on technology as in the current era most of the things are carriedout through digital technologies. Furthermore, company need to hire more employees that are efficient enough to handledigital platforms and are well-equippedwith the latest trends that are occurring on the online world (Dewi and Sulivyo, 2022). Also,these employees would help the Morrison to reach to greater height of success through adopting ways that would make the company websitelook not only attractive topotential customersbut would also pursue them to purchase various products of the company on regular basis. Thus, techniques like SEO optimization , bounce rate, web traffic etc. are some ways throughwhich the market details could be gathered easily. Moreover, it is recommended to the Morrison that it should make use of the affiliated marketing strategy wherethird party is been hired for carrying out the majority of work of the company (Al-Omari and et.al., 2018). Furthermore, with help of such third party the firm would be able to enhance the web traffic that is good sign for the increase in the revenuesin the future. Also, major benefit ofthis strategywould be thatlow cost start up and risk that is good in the long run for the firm. Furthermore,it is suggestedto company thatit should focus on providingon job trainings toall the employees that are new and existing within the organization. Thus, with continuouschanges within the business environment these employees would be able to handle all thecomplex challenges independently and in much efficient manner (Darmawan and Grenier, 2021.). Also,training could be provided on regular interval and in group so thatthe current requirement of the business is fulfilled in the best way. Thus, the training programmes would help in avoiding unnecessary cost and budget of the company in due course of time. Furthermore, training programs would help firm in gathering new ideas and skills from the employees thus making the business success in the future.
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Moreover, it is recommended to the quoted firm that it should opt for the diversification marketing strategy where it is manufacturing completely new products in the newer markets. Furthermore, through this strategy it would be able to target the new customer segmentand increasemore brand awarenessin thatunknown regions. Also,this strategy would require extensive market researchby the company experts so that complete information could be gatheredaboutthe target markets. Also,based on this research the company would be than able to identify thecustomer preferences and choices that will further help in making the best products in the future. Thus,through following the above set of recommendation Morrison would be able to organize things in the best way and also able to install new technologies within the workplace in best of manner . Also, it is known that for any organization that wants to sustain in the market for longer time period it is required that it has adopted the best strategy and policies within the workplace so that work is carried out systematically and well-defined way. Moreover, in context of Morrison it can be said that company is having well integrated supply chain due to which it is able to supply the goods in most regionsin faster manner. Furthermore,havingthe online supermarket has also allowed the customers tohave the fresh goods available at the doorstep within few times thus providing the maximum customer convenience . Hence, it can be said at last that companywouldmaximizeefficiency in working operations and maintain the highest level of customer satisfaction and loyalty through following such suggestionsin due course of time CONCLUSION From the above report it can be concluded that right branding strategy always results in higher efficiency in work andbestoutput within short span of time. Furthermore, the report had described in detail aboutMorrison working and building of any strategy through applying Mc Kinsey 7 s modelthat havevarious elements that are taken into consideration while using any business strategy for the earning higher revenues. Moreover, the study hadanalysed about the importance of positioning within the business and the Morrison way of positioning its brand in the market through describing certain steps indetail. Furthermore, the report hadanalysed significance of marketing mix and way in whichits various elementsare been addressed and used in best of way so that maximum profits could be generated in the future. Lastly, the study
had given suggestions so that Morrison is able to improve the marketing strategy and is gain success within the business in long run.
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