This report discusses the impact of digital technology on business management and focuses on Asda's strategies for enhancing consumer relationship management. It covers topics such as electronic consumer relationship management, consumer presence analysis, and recommendations for improving customer engagement.
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INTRODUCTION Digital business management use the techniques and methods to build the new term of values and the concept of business to support the effective functions. It involves the digital brands and the technologies in business(Arya, 2018). The management consider in this report is Asda. It is a British supermarket chain at headquartered in England. The organisation was founded in 1949 and at present time it termed to the second largest supermarket chain in UK. TASK Electronic consumer relationship management Consumer relationship management deals with the managerial operations in terms of their consumer’s potentials, team members, vendors and others in the business. The basic objective of Asda is relating to consumer relationship software is to facilitate the business goals and behaviours to serve them well-mannered things. Asda have resulted to the higher consumer satisfaction with the mannered high retaining rates. It has been divided into various sort of categories: Operational CRM: It is the primary function of consumer resource management that includes the sales, marketing and services. It has been termed that consumer can be the problem solver in business. It helps the business of Asda to automate the procedure of the sales services to boost up the sales as effectively. The operational consumer relationship management system has designed to help their consumer to respect to achieve better satisfaction section (Cheney, and et. al., 2019. The management of Asda are already able to process the leading terms for predicting the qualification manner. Asda supports their consumers to organise their actions and profile. The companyalso provide the benefits of lead counting for automating the sales, marketing and the services. Analytical CRM: The analytical consumer relationship management can also set the integrates terms to invoice the software for generating the reports to have detailed the ratio of the cash flow.It will also get updates the source of information of the consumers by maintaining their view point and considering of the performance. Asda is also capable to track their details of their consumers and support them. Collaborative CRM: It involves the organisation sales, consumer technical support, external stakeholder, vendors and suppliers and distributors. Asda concentrates on
their targets as effectively and straightforwardly and that is important for them in marketing terms to provides them approximately sales team in the manner of their reports. Consumer presence analysis E- commerce is the digital platform in which company sells and target their audience through digital media and electronic media. They make updates on their company website so by this they can able to communicate and conversion with the customers in effective manner. Digital customer relationship management is the process of communicating and interacting with the customer through effective manner and can solve their problems and issues(Daigle, 2021). As customer relation management helps the company in knowing their interest and preferences. There is a theories which helps the company in interacting better with the customers. This is communication mix: Advertising:As Asda company promote its brand and products thorough advertising at the digital platforms so that they can make updates to the people and related with the company and digital platforms. Sales promotions:Now a days company is doing sales promotion on their online websites to attract customers towards their brand and products and services. Sales promotion can be created by the company for limited time period in order to sell there products and services at lower cost. Asda company includes sales, gift, prizes and product samples(Gay, 2021). Sometimes company provides loyalty cards to the customer so that they can purchase their products and services at lower prices. Direct mailing:As after the visits of customers in their stores, company take feedbacks from the people to how they feel about the products and services. Direct mail helps the company in getting feedbacks from the customers and solving their issues and problems. This can create impact on e- commerce in order to make certain changes and improvements in the business and their activities. Ansoff matrix:As the Asda is one of leading supermarket retailer in UK. Ansoff matrix is referred as the strategic marketing planning that provide various opportunities to the respective organisation to enhance its revenue and developing business activities through producing new products and services through tapping then into new market. Respective model facilitates the Asdatotakevarioussustainablecompetitiveadvantagesascomparedtoitsrespective
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competitors. There are four factors are included in this model that are utilise accordingly and lead the organisation towards success. All dimensions are discussed below: Market Penetration:Asda apply market penetration strategy through promoting its existing product in existing market. In order to enhance market share and customers base respective organisation open various stores in same market place. Asda offers various discounts, promotions and other activities in order to enhance the sale of product and ensure market as well as customer reach(Gikandi, 2021). Asda creates various barriers to stop new entries or competitors that distribute the market profitability level effectively. All of above measures help the respective organisation to enhance the sales as well as profitability ratio in the current market. Market development:The strategy of market development is related to the promoting and providing existing product in new markets. There are various strategies are implement by their Asda to stores in new locations and enhance market share. Respective organisation ensures that each of its stores covers a certain region effectively and provide them better quality products and services them its competitor. It opens its stores outside the United Kingdom in order to gain global market share. Product development:Product development is referred as the process of launching new product in existing market place. Asda implement various strategies such as ensuring its expansion through launching new product. On regular bases respective organisation includes newproductsinitsstoresinordertoattractpotentialcustomersandretainthemwith organisation(Paduraru, 2020). It includes various new products like gas station selling petrol’s as well as money exchange services and many more that facilitates the organisation to boost sales and profitability. Diversification:Diversificationisrelatedtotheprovidingdifferentproductthen competitors that includes various new features and qualities that attract customers. As the Asda provides various diversified products in its product line. It horizontally diversifies its product range by adding customer electronics, sports, shoes and manna more. It requires the high investment as well as enhance organisation's profit.
Recommendation It is to be recommended that customer relationship management can be improve in Asda company through engaging customers more with the company products and services. By getting online company will be able to sell their products and service to the customers in effective and interact them towards their brand. To gain competitive advantage in the market, company should have to make effective promotional strategy in order to complete its business objectives and goals. It is recommended that there are various customers who are looking for online shopping at the time of covid 19, for this company is engaging customer towards their brand. And this will increase them to helps in gaining competitive advantage and increasing in their profitability. CONCLUSION From the above report it has been concluded that, digital technology is having a dramatic impact on the management of business world. The company are setting their ratio in real time to offers their holders the plan of actions and can also improve their course of lines in the field of market.
REFERENCES Books and Journals Arya, A. and Mittendorf, B., 2018. Bricks-and-mortar entry by online retailers in the presence of consumer sales taxes.Management Science,64(11).pp.5220-5233. Cheney.A. and et. al., 2019. Perceptions of Presence and Community in Immersive Online LearningEnvironments.InEmergingTechnologiesinVirtualLearning Environments(pp. 116-131). IGI Global. Daigle, D.T. and Stuvland, A., 2021. Social Presence as Best Practice: The Online Classroom Needs to Feel Real.PS: Political Science & Politics,54(1).pp.182-183. Gay, S., 2021. TAKING CHARGE OF YOUR ONLINE PRESENCE.Physician Leadership Journal,8(1).pp.75-78. Gikandi,J.W.,2021.EnhancingE-LearningthroughIntegrationofOnlineFormative AssessmentandTeachingPresence.InternationalJournalofOnlinePedagogyand Course Design (IJOPCD),11(2).pp.48-61. Paduraru, A.M., 2020. Ever-increasing relevance of online presence for business companies: an improvement proposal for Transportes Franpama SL.
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