Marketing Sales and Negotiation Skills: A Case Study of Sainsbury Company
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This report discusses the marketing strategy of Sainsbury Company, including SWOT, PESTLE, and marketing mix analysis. It also highlights the importance of sales and negotiation skills in increasing productivity and provides recommendations for changes in marketing strategy.
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 PESTLE analysis.........................................................................................................................3 Swot analysis of Sainsbury:........................................................................................................6 Marketing mix of Sainsbury company:.......................................................................................8 Sales and negotiation skills.........................................................................................................9 RECOMMENDATION:...............................................................................................................10 CONCLUSION..............................................................................................................................11 REFERENCES................................................................................................................................1
INTRODUCTION Marketing sales negotiation is referred the strategy between the seller and buyers that lead to deal being closed. The aim of sale negotiation is an agreement which must be acceptable by everyone for the protect of profit margins. There are various types of marketing roles which includes the meet customers needs and wants, adapting the right price, better product offerings, management demand, face competition and organization reputation andgrowth. In this report will discuss the Sainsbury company, the company is the supermarket sector in the London, United Kingdom. Sainsbury company is the largest retailing industry of groceries. This report will elaborate the SWOT, PESTLE and marketing mix of Sainsbury company as well as their sales and negotiation skills. MAIN BODY PESTLE analysis By using the PESTLE analysis, the factors affecting the political, economic, social, technological, legal and environmental factors which can affect the market conditions. FactorImpact PoliticalBrexit is currently affected the Sainsbury company, it means the England is no part of European union which leads in increase import rates. The Brexit is cannot determine the Sainsbury leading but this increase the product price of the brand and it results in lost of customers to competitors because that provide low price wholesale . Negative EconomicSainsbury is alwaysnegative
dependent on the transport to ship its product all across United Kingdom and the petrol and diesel pricing are high that's why their brand products pricing is also increased and this result lead in the high salary expectation of employees that are affecting the company Sainsbury (Bentham, 2018). The newer brand of the company such as Aldi and Lidl which rise the new supermarket chains that are the strong economic factors of company. SocialThe customer's preference are driven from the fast food items, because the United Kingdom consumers becomes a health conscious diet and not prefer the fast food items. So, company has to change the menu for the customers who are health conscious and include the healthy foods in the menus such as organic shakes and salads. In further illustration, it affects the consumer's positive
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behaviour so, the company brand must ensure that they are full-fill the consumer's behaviour demands and needs. TechnologicalIn the technological factors, the company are e- commerce store facility to heir customers, that result in the increased profit for the organization because the current generations are tech friendly which helps in improve the customers experience and increase the market campaigns and sales. positive EnvironmentalThe Sainsbury company produce a high carbon footprint and it is highly opposed to the environmental factor. The company need to change the brand which are produce serve plastic waste, fossil fuel and ecological cost and take action for the environmental impact (Nandonde, 2019). negative LegalThe Sainsbury brand have option to make decision and applied it as well as negative
company must ensure that the changes are systematic need in the brand, if they are delay in regulatory approval which can result in loss in market shares as well as other competitor will give better experience to their customers. The legal law of Brexit economy also affect the company brands so, the Sainsbury need to change the policies of their company. Swot analysis of Sainsbury: SWOT analysis of Sainsbury refer the strength, weaknesses, threats and opportunities of the companies leading chain in supermarket with the business strategies. Strength: Sainsbury has a strong market chain with a good employees strength and company follow innovation strategies which helps organization to grow. Theyhaveopportunitiestoexpand expensiveproductsfor highincome segment. Strongfinancestatementsandhave consistent profitability. Theycapturewholemarketby providing Sainsbury products such as gourmetbakerylines,ready-made Weaknesses: Sainsbury has high competition and few margins so, Sainsbury reduces the price for attracting the customer's. Increaseinproductpricebecauseof economic uncertainty in the pandemic condition that result in low sales. It difficult to switching brands because retail brand bear a lot of risk and its difficultforcompanytoretain customers. Sainsburyalsofacesthefinancial instability from past years which affect
meal etc. company provides friendly workplace to employees for work. Strong brand image. goodmarketingacrosstheunited kingdom (Benzaghta, 2021). Company is listed on London stock exchange index and FTSE index. Have experience team for work which help organization to grow. the net profit and annual revenue of company. Opportunities: Expandtheirbusinessingrowing economy. For explore new market company can collaboratewithothercompanies through partnership, join venture etc. Open24/7servicesforboosttheir sales. Expand in rural areas for making good brand image. Marketpenetrationandmarket development. Diversificationofproductsinthe market make innovation in their products and services. Networking marketing. Threats: Sainsbury facing high Competition in the marketplace because competitors are also comes with new product and new technologies that are the biggest threats for the company. Therearevariouscontroversiesof Sainsbury like VAT avoiding scheme, Ethical and environmental issues, dairy price fixing, etc (RASHID, 2020). that will result weaknesses for the Sainsbury in the market. Thenewchangesintherulesand regulation are major drawbacks for the company. The annual revenues and net income of thecompanydecreasebecausethe purchasing power of consumers are also
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New technology.reducedduetoworldwidelock-down and pandemic situation Marketing mix of Sainsbury company: Marketing Tactical Tools Current StrategyYour evaluation/argument on the effectivenessofeachmarketing tool ProductSainsburyhavestockmorethan 30,000 and more diversified in their productsrangewhichincludesthe fish and meat, vegetables and fruits, chilleditems,dairyitems,bakery, bars, house holds, health and care as well as pet care. Thecompanyisnotprovided healthyfoodsandtheUK customersarebecomeHealth consciousandnotsaleshealthy (Campo, 2021). PriceThe Sainsbury offer different price on the different products which helps in ensurethecustomerretentionsas well as maintain services and quality. Furthermore,thecompanynot believe in the price cutting strategy but use the price policy in terms of products. Sainsbury increased price on their own brand products which are not goodforthecompanyprofits because the customer retention are decline through the high price. PromotionSainsbury have its own official sitesThecompanyusemanybrands
forthebetterpromotionandalso launched the ad campaigns such as radio, TV, newspapers and billboards tomarketproduct.TheSainsbury also adopted the above the line and below the line marketing strategies which are helps in build brand name. promotionstrategieswhichare expensiveforthecompanyand company will also bear the loss from the promotions expenses. PlaceTheSainsburygroceriesstores, convenience shops and supermarkets which are largely operated in Drury Lane, London, United Kingdom. The Sainsbury also operate the Fuel and sellingpetrolanddieselatits supermarkets. The stores, convenience shops and supermarketsarebroadly expanded in the United Kingdom but, its handling and managing in broad area are more difficult to managing for the company. PeopleSainsbury provide better experience andservicetothecustomerswith interact with them as well as they also look for the employees that they provide training to them and motivate themwiththehelpofMaslow's hierarchyofneedstheory (Wichmann, 2021). Sainsburyshouldplaceright peopleatrightjobaswellas provideequalandbetter opportunities to all workers. ProcessIntheprocess,Sainsburyprovide betterservicedeliverywhichare important for the process. The company not only focus on the service delivery, but they must keep customers in their minds. Physical evidence Thecompanypreferthephysical evidenceforattractthecustomers towardsthebuyingsuchaswall colour,packagingandwebsite experience. Withthephysicalevidence, companyshouldfocusonthe customer'ssatisfactionthatare more important for the business.
Sales and negotiation skills Sales and negotiation skills is very essential for the progress of the business enterprises that I acknowledge when working in the sales department in the organization.With the assistance of sales and negotiations skills I improve my learning in various areas.Personally I improve my communicational skills when I am dealing with the large numbers of the customer on the regular base.During the communication I exchange my ideas, creativity and views with the customers in order to satisfy them in effective as well as efficient manner. In my opinion dealing with the customers is not easy task for the individual person as every customer have different mindset and way of thinking.With my personal experience the sales department required proper knowledge and the skills in order to deal with the various consumer(Koponen, Julkunen, and Asai 2019). The selling the product to the customer is just feel like I was selling my skills and knowledge to the consumer in order to convince them for buying the product as per their requirements or demand.Skills are the major part in the sales department because it directly creates impression on the buyers and allow the buyers to consider the skills in the process of decision-making. From my personal observation I have good communication which allow me to increase the productivity and sales of the company. My communication skill is my biggest strength for dealing with the forthcoming challenges and best career path. During the sales and negotiation session I learned that for the increasing the sales of the company it is important to determine the taste and preferences of the consumer which can be analysiswiththe assistanceof communicationalaswell asemotionalintelligenceskills. Emotions play crucial role in generating sales and increasing the profit of the organization. With the emotional intelligence I have opportunity to bring better relationship with the consumers and able to deliver the transparency or build trust among the people(Khan, and Baldini, 2019). Apart from that I acknowledged that the emotional intelligence, communication skills, sales skills or negotiation skills give assistance in creating values in domestic as well as international marketplace. Along with that for selling the product and services of the company it is important to bifurcate the differences in productivity to apply and for strategy in an appropriate manner.
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RECOMMENDATION: Recommendation for the changes on the basis of marketing mix that has to changes in marketing strategy. Marketing Tactical ToolsRecommendations to each P ProductThe company has to focus on the health diet food such as salad and organic foods. As well as also diversified their Sainsbury fuels like provide variety of petrol. PriceThe company should offer quality products at cheaper price and increasetheirproductionofownbrandswithbestoffer (Bentham, 2018). PromotionVouchersshouldbeintroducedwiththepromotionand advertisings. PlaceSainsbury should focus on the internet sale and spend online with providing offers to the customers scheme like vouchers. PeopleThe company should motivate employees with the incentives and bonus. ProcessService delivery to the customers with the gifts and g ifs which helps in attract the more people. Physical evidenceThe physical evidence for attracting the customers, they should use eco-friendly evidence to attract and retain more customers. CONCLUSION From the above report it will be concluded that the marking play crucial role in increasing the lasses and productivity of the company in effective as well as efficient manner. Basically the marketing is the process of increasing the awareness among the people.The present report highlighted that the company is having grate value in domestic as well as international marketplace(Andriole, 2018).Apart from that the report mentioned that the
organization is having various opportunity to grow higher in the marketplace.Furthermore, the report mentioned that the sales and negotiation skills helps he individual person in dealing with the challenges and develop the career path.
REFERENCES Books and journals Andriole, S.J., 2018. Skills and competencies for digital transformation.It Professional,20(6), pp.78-81. Bentham, J., 2018. Business and Economics in the News–Sainsbury's and Asda-the decade's mega-merger.Teaching Business & Economics,22(3), pp.11-12. Bentham, J., 2018. Business and Economics in the News–Sainsbury's and Asda-the decade's mega-merger.Teaching Business & Economics,22(3), pp.11-12. Benzaghta, M.A., and et.al., 2021. SWOT analysis applications: An integrative literature review.Journal of Global Business Insights,6(1), pp.55-73. Campo, K., and et.al., 2021. Going online for groceries: Drivers of category-level share of wallet expansion.Journal of Retailing,97(2), pp.154-172. Khan, M.A. and Baldini, G.M., 2019. Global Business Negotiation Intelligence: The Need and Importance. InThe Palgrave Handbook of Cross-Cultural Business Negotiation(pp. 3- 16). Palgrave Macmillan, Cham. Koponen, J., Julkunen, S. and Asai, A., 2019. Sales communication competence in international B2B solution selling.Industrial Marketing Management,82, pp.238-252. Nandonde, F.A., 2019. A PESTLE analysis of international retailing in the East African Community.Global Business and Organizational Excellence,38(4), pp.54-61. RASHID, C.A., 2020. Balanced Score Card and Benchmarking as an Accounting Tool to Evaluate Morrison’s Performance.Journal of Global Economics and Business,1(3), pp.59-72. Wichmann, J.R., and et.al., 2021. A global perspective on the marketing mix across time and space.International Journal of Research in Marketing. 1