P1: Roles and Responsibilities of a market function to Carrefour.
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P1: Roles and Responsibilities of a market function to Carrefour 1) Research The department's goal is to conduct market research in order to identify the target audience. It is concerned with the current trend in consumer purchasing behaviour. It attempts to forecast marketdemandduring variousseasonsof the year.Muchmarketingresearchhasbeen conducted to investigate the impact in terms of relative price, price reductions, or promotions at the supermarket The implicit assumption of these studies is that consumers pay close attention to price in order for it to influence their purchasing behaviour. Price perception research in psychology explicitly assumes the existence of referent prices in the minds of consumers. Knowing about referent prices also helps the consumer recognize the presence and magnitude of a price reduction. 2) Management of a brand Only companies with strong brand equity are currently surviving in a competitive marketplace, Customer engagement, market competition, and company management are all influenced by brands. Brand management that is efficient increases brand awareness, measures and manages brand equity, drives initiatives to support a consistent brand message, identifies and accepts new brand products, and effectively positions the brand in the market 3) Promotion and advertisement Itisnowcriticalforamarketingmanagertostaycurrentonvariouspromotionaland advertisement techniques in order to promote a company's products in the most cost-effective way possible. As it is important for marketing managers to promote their products and services, they must also engage in promotional activities it competes with market competitors and attracting more customers. 4) Product Development Following market research, the marketing manager must improve their manufacturing process in order to produce a high-quality product at a low cost. The marketing manager is responsible for identifying market trends and incorporating them into current product offerings. P2: how roles and responsibilities of marketing relate to the wider organizational context P3: M1: Roles and responsibilities of marketing in regard to competition 1.Expand Distribution Channels 1
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By increasing the number of times a customer sees a product, a small business can improve its chances of selling to that customer. As a result, new distribution channels must be established. For example, a southwestern barbecue restaurant could include a food truck that travels around the city. Furthermore, the company may capitalize on its brand by developing a line of frozen barbecue entrees for sale in speciality grocery stores. When creating a marketing strategy, the company's owner considers all potential distribution channels as well as the market potential of each. An effective strategy for increasing brand awareness, which is an important component of competitive advantage, is beneficial. 2. Match Products to Customer Needs The marketing planning process assists in narrowing down Customers who are most likely to buy are those who are targeted. One of his marketing objectives is to determine which customer segments will benefit the most from the products and services he offers. These are the people who are most likely to become his customers. The marketing planning process assists in narrowing down target customers to those who are most likely to purchase to high-value customers. 3. Go after new markets Every organization endeavors to enter new markets. An effective marketing planning through research and surveys should lead the management in choosing the most promising new market to enter out of all the available market opportunities. A thorough consideration needs to be made prior to settling on a particular new market to ensure viability and sufficient returns in terms of turnover.Thesenewmarketariseduetofactorssuchaschangesintechnology,social demographics, economic factors amongst others. 4. Emphasize Customer Service A satisfied and a happy customer is likely to come for repeat businesses at the company. There Carrefour raising customer, service level, which will certainly make it very competitive thereby gaining competitive advantage against other retailers. The customer will not only come for repeat purchases but also help the supermarket in marketing through potential customers' word-of- mouth endorsement by promptly addressing customers' concerns, customer service can be turned into a competitive advantage, speaking to them whenever frequently with a view to improving or tailoring products and services to them. M2: The significance of interrelationships between marketing and other functional units of Carrefour Supermarket 1.The HR Department The department is constantly Increasing the accuracy and productivity of any department, as well as assisting any department in gaining experience through training sessions. For the marketing department to be a strong team, relationships between the marketing and HR departments must be strong. 2. Finance department 2
Monetary value is a necessary part of all processes and businesses. The finance department providesthemarketingdepartmentwithawealthofstatisticsandusefulinformation regarding the reasonable prices that customers expect for a specific product. This is in addition to the funds set aside for the marketing department to create commercials, fliers, packaging designs, logos, and other marketing materials. 3. Production Department The marketing department is constantly gathering information about customer needs and surveying people about the quality, cost, and value of the products, which it then reports to the production department so that what is produced is of high quality. People need can be produced at a reasonable cost. In addition, the promotion department learns from surveys what people dislike about the product, which aids production impetus. 4. IT Changes in technology also cause the organization to change in marketing. Since 21 January 2020, Carrefour customers have been able to use block chain technology to find out everything about Carrefour Quality Line Norwegian fresh salmon production. Consumers have complete product traceability thanks to block chain technology. Customers can scan a QR code on the label to learn more. With their smartphones, and then gain access to an interface that will provide them with a wealth of information on the product's journey, from where it was farmed to when it was placed on store shelves (Carrefour, 2020). P3: Comparison of the marketing mix between Carrefour and Walmart The displaying mixturecould be amixture of raising resources thatthe area unitspeculated topleasecustomersandtoargueconcerningmembership.Considering theapproacheveryhalfought tobe organized,it'scalledthe advancing combination. The 7 PS are the product, place, promotion, people, positioning and packaging CarrefourWalmart ProductCarrefourisoneofthe world'slargestretailers. Carrefour'sproduct marketingmixconsistsof its stores and services. To meettheneedsofits customers, it has stores in various formats located all over the world. Walmart is the world’s largest retailer.Thereare120000 differentproducttypesand millions of different SKUs. PlaceCarrefouroperatesover There are over 12,000 stores in more than 30 countries throughoutEurope,North Walmarthasover4600 locations in the US. They’ve adoptedthestrategyof ensuring there is. It is within 5 3
America, Asia, and Africa. Carrefour ensures that all of its stores are welcoming by utilizingappealingand moderndesignelements with distinctive banners in each location. miles of 90% of the population. PriceCarrefourgenerallykeeps itspricesverylowfor productswithhighprice elasticity.Pricesfornon- sensitivegoodsare reasonable,butimport pricesareexorbitant.The majorityofrevenue, however, is generated by the saleofCarrefour'sown brandproducts,whichare priced based on demand. Walmart’ssloganisthe everyday low price and it is known for low prices, therefore appealing to over 50% of the population PromotionForCarrefour's supermarket, Carrefour and itspartnerscreateda convenience store and an in- storepromotionsystem. Carrefourcanrun hypermarkets entirely on its own. It will be used to plan andrunmoretargeted campaigns, as well as obtain feedback on how effective they were As a component ofitsCarrefourhas launchedaRelationship Management Strategy. 'My CLUB.' Carrefour is a major retailerintheworld. Carrefour'sproduct marketingmixconsistsof itsretaillocationsand services.Itsstoresare The beauty of this strategy is Walmartonlyspendson corporatemarketingand building its brand as the place for everyday low prices while suppliersstillpromote Walmart as the place to find their products. 4
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availableinavarietyof formats all over the world. The company travels around theworldtomeetthe diverseneedsofitsretail customers.Toachieve loyalty and ensure customer retention, use a loyalty card. IndividualsCarrefourinvestsalotof spendingtimeandmoney trainingcurrentemployees notonlytoprovide excellent customer service, butalsotosharetheir knowledge and, as a result, raise service standards. Carrefourprovides numerous opportunities for employees to advance their careers, including individual trainingpathsandannual interviews. Throughoutitshistory, Walmart is well-known for its cost-cuttingmethods.The company has placed a strong emphasisoncostreduction since its inception in order to pass savings on to customers. Previously, the company's cost- cuttingmeasuresimpacted employeesnegatively,with employeescomplainingabout lower wages when compared to other retailers. In contrast, the company's culture and human resource practices have shifted dramaticallyinrecentyears, andinadditiontoraising hourlywages,ithasalso implemented a number of new benefitsinordertokeepits employees happy and satisfied. PositioningCarrefour has a good history ofsupermarketshaving startedin2003.Travel insuranceisprovidedfor employeesandmedical insurance.Thusitis positionedasthebest supermarket in the world Walmart has a good history. It startedin19994.Itisthe world’sonlysupermarketin Arkansaswherepeoplefrom theneighbourhoodgo shopping. PackagingCarrefourhaslaidoutits commitmentto move away fromdisposablepackaging Sustainablepackagingat Walmart supports the concept of a "circular economy," which 5
completely by 2025.shifts away from a "take-make- dispose" mentality and toward onethatismoresustainable that values material and energy reuseandregeneration. Walmart is a retail giant that has set specific objectives for our private label packaging. .. M3: Analyze the tactics used by Carrefour and Walmart and how they contribute to the organization's goals The business partnership with their apparent genuine culture implements the mechanism to carry out their distinctive business protests. Carrefour uses 7ps of propelling blend in their exhibiting organizing technique to achieve variousgoals. CarrefourIn its physical stores, will display customer ratings for approximately 200 items, each with a brief message from the customer and a star rating. This feature will be implemented by the chain in its home country of France. Carrefour looks to its web shop to find the reviews, chooses the ‘positive’ ones and focuses on the ones with a high overall rating. Nevertheless, many customers will undoubtedly be relieved to see other consumers’ positive feedback on an item they have not tried themselves. How Walmart uses marketing mix for achieving their goals and objectives Price:Walmart's revenue model includes Everyday Low Price (EDLP) pricing. The goal of this pricing strategy is to attract as many customers as possible in order to generate a high volume of sales and, as a result, a profitable business. Regardless of Walmart's generic cost leadership strategy of low profit margins and low selling prices for competitive advantage, high sales volume necessitates Product:Walmart's main product is its retail service. In addition, the company provides house brands or private-label brands such as Great Value and Sam's Choice, as well as on-demand digital content streaming services. Because retail services are so important to Walmart's business, the product component of the marketing mix attracts customers by providing high-quality goods and services. Promotion:Advertisements, Walmart's promotional mix includes sales promotions, personal selling, and public relations. The company promotes itself in newspapers, on television, and on the internet. In contrast, sales promotions are used to entice customers to visit Walmart stores and websites by offering special deals and discounts. In this aspect of marketing, the company employs personal selling in its stores. 6
People:Throughout its history, Walmart has been known for its cost-cutting practices. The company has placed a strong emphasis on cost reduction since its inception in order to pass on savings to customers. Previously, the company's cost-cutting measures had a negative impact on employees, with employees complaining about lower wages in comparison to other retailers. M4/P4/D2: Produce, Evaluate and create a strategic marketing plan that uses the 7Ps tactically to achieve overall marketing goals. Without figuring everything out, the association's activities have no tremendousness or direction; there can be no methodology "bit of slack battles." An exhibiting plan aids in binding future deficiencies and aids in getting out the association's protests. Apart from that, it serves to coordinate all of the actual exercises in the affiliation and the primary concern of comprehending the necessities as well as the client's necessities (GKToday, 2019). Marketing Audit Amarketing audit is a comprehensive assessment of your company's marketing strategy, goals, strategies, and current activities. The goal is to identify areas for improvement by determining what works and what doesn't. When this happens, it can be difficult to remember why a specific marketing strategy was implemented or to determine whether the business is profitable (Gregory, 2019). Carrefour's invention of the hypermarket layout in 1963, and subsequent success, resulted in this model being replicated in many countries.The supermarket's journey to become Europe's preferred retailer has been marked by its commitment to preserving customer-oriented tradition while ensuring transformation and innovation.However, when it comes to global expansion, this is no longer sufficient. Businesses must implement international marketing strategies in order to meet the needs of their customers in order to succeed in global operations in the face of the fierce competition brought about by market liberalization around the world. Corporate objectives and mission Carrefour goal is bringing everybody with access to nutritious, fresh, organic, and locally grown food. We've identified four key areas where we're working at the global and local levels to become a global leader in the transition to a more sustainable food system for all The company's The mission of all distribution is to provide high-quality services, products, and food to all customers (Carrefour, 2021). Swot Analysis It's a list of your organization's benefits, drawbacks, Threats and opportunities. The most important goal of a purpose of a SWOT analysis helps organizations develop a strategic plan. a thorough understanding of all the variables that must be considered when making a business 7
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decision.Carrefourassessesbrandsandbusinessesonthebasisoftheiradvantages, disadvantages, opportunities, and threats. Carrefour SWOT Analysis includes internal factors such as the company's as well as its advantages and disadvantages such as Threats and opportunities. Analysis of the Strengths, Weaknesses, and Opportunities is a strategic planning tool. It is a tried-and-true management framework. Carrefour to compare its operations and performance to competitors and the industry. Carrefour is a well-known lifestyle and grocery retailer (Team, 2021). The Assumption Since each organization makes assumptions for its association, even Carrefour needs to make presumption suppositions. Carrefour Kenya strives to provide its customers with the best prices and great deals. We have unbeatable prices and incredible discounts. Marketing objectives Carrefour uses the penetration pricing strategy to gain market share. This strategy entails selling products at low prices in order to attract more customers and thus increase sales. Carrefour has established itself as a discounter, allowing customers to save money. Making “better eating” more accessible to everyone. Carrefour intends to contribute to the food transition by leveraging its resources, such as strengthening its supply requirements, enhancing its Quality Lines and promoting organic farming With a single goal in mind: to make "better eating" available to everyone. Targeting positioning and Segmentation The level of involvement of the consumer in the purchase of the product, as well as the price of theproductitself,influenceconsumerpurchasingbehaviour.Carrefour'smarketersmust concentrate on two critical factors: customer value and relationships. Marketers must determine which customers they will serve in this case. They must divide consumers into segments and then identify which segments they must target. Marketing mix Strategy The displaying mix includes interconnected parts that connect 7Ps to, if possible, the target buyers via the company's affiliation collaborators. Carrefour's diversion plan utilizing the seven p's is as follows: The Product:Carrefour is one of the world's largest retailers. Carrefour's marketing mix, product strategy consists of its stores and services. To meet the needs of its customers, it has stores in various formats located all over the world. Promotion: Carrefour and Carrefour and its partners created an in-store promotion system that It has full management capabilities, allowing it to plan and execute more precise campaigns while receiving feedback on their efficiency. As part of the company's Relationship Management Strategy, Carrefour introduced the Retail customers can use the 'My CLUB' loyalty card to help 8
them achieve their goals. Carrefour generally adheres to a "low prices every day" policy, but it occasionally deviates back and forth on a regular basis. Carrefour maintains sensitive products, i.e. products with high price elasticity, at extremely low prices, while Non-sensitive goods are reasonably priced, as are imported goods. Place:There are over 12,000 stores in over 30nationsoverEurope, North America, Asia, and Africa. Carrefourworksin 19coordinatesnationsand hasdiversifiedstores in another 20. Aside fromtheconventionalarrange, thebunchhasmadeanassortmentofgroupstoobligedifferentshoppingdesigns, such asday by daybuysandweek by weekhypermarket visits. People:Carrefour invests a lot a significant amount of time and money in training its current employees not only to provide excellent customer service, but also to share their knowledge and, asaresult,raiseservicestandards.EmployeesreceiveavarietyofMedicalbenefits,a supplemental pension scheme, profit-sharing schemes, and other benefitsare available in addition to their salaries. Carrefour has a wide range of products. The Process:Carrefour has facilitated distribution and delivery by establishing store formats based on customer preferences. The company'sbudgetaryreport has beenintenselyaffectedby itsprocedureofredesigningexistingstoresandcreatingunusedstoresfordevelopment. Carrefour's online shopping portal, in addition to physical stores, has made shopping more convenient. Physical evidence:Carrefour is constantly in use to get together their customers' changing requirements. It adjusts to the market, whether urban or rural, and this includes both products and services. However, lighting, furniture, and additional services are also available. 9
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