This report discusses the principles and practices of marketing, focusing on British Telecom. It covers the knowledge of effective marketing solutions, the application of the promotional mix, and the evaluation of tactics used by the company.
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Principles and Practices of Marketing
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Contents INTRODUCTION...........................................................................................................................1 MAIN BODY..................................................................................................................................1 Knowledge of relevant literature that would permit an understanding of effective marketing solutions.......................................................................................................................................1 Apply the theoreticalaspectsof the promotionalmix used companyand evaluatethe effectiveness of these tactics........................................................................................................5 CONCLUSION................................................................................................................................6 REFERENCES................................................................................................................................8
INTRODUCTION Marketing can be describe as the practices which is consider by organisation in order to promote or advertise it products and services in market area. It is essential that company is consideringeffectiveandefficientmarketingapproachesinordertoincreasesalesof organisation (Dias and Dias, 2019). There are different marketing tools which assist organisation in successfully and effectively conduct marketing practices as well as accomplish desired goals. This report is based on British Telecom. This is a multinational organisation that is providing its products and services in global market area. Head office this organisation is located in London, United Kingdom. This company was founded in year 1969 and its largest provider of fixed line, broadband and mobile services (Fatmawatie., 2020). This report includes different promotional campaigns that should be consider by organisation. This consist of strategies and tactical plans which will assist organisation to increase its performance. In this report marketing skills and knowledge has been determined. Apart form this different promotional mix has been determined which assist organisation to effectively and efficiently conduct business practices. Different marketing strategies has been considered in this report. MAIN BODY Knowledge of relevant literature that would permit an understanding of effective marketing solutions. Marketing is crucial part of business and it support organisation to successfully and effectively perform business practices as well as enhance organisational task. There are different marketing practices which will assist company to take correct actions along with this attract more customers towards to accomplish goals. Marketing is refer as the activities of business which is related to promote or advertise its products and services. British telecommunications company is considering different marketing practices that is significant for increasing sales or revenues of business (Grigoryan., 2019). Marketing practices consist of advertising, selling and delivering of products and services to customers. This is significant function of organisation in order to sell products or services to potential customers. This is very helpful for company to develop better relationship with customers. Marketing is consider as the important process of business that with influence potential customers or clients of business. There are different approaches and ways that 1
is significant for successfully and effectively conduct marketing practices along with increase revenues of business. There are various promotional activities which is useful for increasing sales and revenues of business. Different promotional activities that is consider by British Telecommunication is mention below - Customer touchpoint– This can be describe as the brand's points that is effective contacting with customers. It is essential for organisation to consider customer touchpoints in order to influence more customers as well as meeting with with the needs of customers. Customer touchpoints is refer as any time a potential customers or customers that comes in the contact with brand before during or after they purchase something form customersHackley, C., (Hackley and Bassiouni, 2018). It is essential for organisation to identify customer needs and wants with the motive of enhancing customers needs. Identification of customer touch point is first steps towards creating a customer journey map as well as making sure the your customers are satisfied with each and every step of the way. British telecommunication can be describe as the touchpoint into account as this is the opportunity of company to satisfy their needs and wants. There are different ways and approaches to find customer touchpoint which are explain below in detail. Touch point before a purchaseSocial media –This is effective approach which is consider by organisation in order to attract and influence more customers. Social media can be describe as the platform through which company is promoting and advertising its products and services. This is significant platform for attracting more customers and meeting with the demand of customers.Onlineadvertisement–Throughthistacticsisdetermineasonlinemarketing, advertising,digitaladvertisingorwebadvertisingwhichmakingvaluablecontent messages that allows to deliver right person as well as defining market along with better using applications. By implementing strategies of better online advertisement in British Telecommunication helps to more awareness as well as it will increase the promotional service in positive manner. Somehow there is reason for British Telecommunication to adapt the online advertising as it relatively inexpensive in nature, it reaches to audience which increase more subscriber along with more revenue scope. There is different types in which Online advertising can implies as Displaying Ads where many banners ca 2
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posted in public platform, Email advertise approaches to better marketing to many consumer can more promotes about company product and services in effective manner (Hamilton, 2018). For better making strategic planning to making that helps to provide different alternative in which company can attain many outcomes in terms of promotions, more market, different platform to promote product and services. Perhaps, British telecommunication is service where they provides networking for which they need to connect with lost of customers as much as they can.Digital marketing content –According to this method is depicts is all about to creation of digital marketing which is combination of goal increasingof touch point where company like British telecommunication where they increase their objectives towards brand awareness, improving search engine ranking to generate more attractive content where target audience through better brand awareness to more productive attainment (Islam, 2018). About to produce marketing in content through digital platform is very easy to deliver message related product and services. Many expertise are involved in making attractive content that allows to created more important which grab the attention of public. Similarly, British Telecommunication can bring their brand awareness through digital brand awareness to design better content for attract customer. Through digital marketing content comprised on the basis of particular product and services. Touch point during a purchaseProduct catalogues –This approach of touch point, it define about the type of marketing collateral that contains number of lists which essential product details is design to convince people for purchasing. It involves specific information related with goods and servicesthatcompanyintroducedinmarketalongwithbenefits.AsBritish Telecommunicationcanpursuenewspaperandotherchannelstoapproachbetter outcomes (Khan, 2017). Different catalogue makes significant role within creating more enthistic attractive message which involves within the product banner as well as more creativelydesigned that to develop interest in customer. British Telecommunication can approach more sustainable marketing process to post their product catalogue through malls, street shops or manilt target those shops which are tend to be more crowded. Thus, 3
cata;ouge is short information which company use to bear for general introduction related information to provide in better way.Conversation –After processing of overall structure of marketing for product and services in term of banner, catalogue and other product venture in which market must interact with customer for better analysation.For mapping behaviour and perception of each customer through interaction or communicate about to make them better understand that how company’s product is going to provide positive results (Klimchuk and Shehda., 2016). Similarly, the company British Telecommunication tends to provide first prior the customer to enhance them effective information related with networking services like talk time, caller tune and others. All these product and services need to ensure by company that their customer must well aware and having an proper communication about their queries. Product reviews –After analysing through customer of deliverables them product with better expectation where their quires, feedback and suggestion are must to be concerned by company. These above three element plays an important role, as it provides actual reviewing the performance level where it needs to require for better evaluation in terms of durability, accessibility and quality traits as in these criteria customer mainly mapped theirviewpointineffectivemanner(Lee.,2016).Throughthis,British Telecommunication services need to follows their customer reviews where it helps them to know about their real performance as well as lack of improvement can be scrutinize in better format. Touch point after a purchaseProduct feedback surveyIts essential to find the better involvement of survey assessment in which it helps to assign product related feedback that allows better suggestion and point of review which plays an important role where people preferences and their engagementisplaysavitalroletoassesscustomerbehaviour.AsforBritish Telecommunication product survey enhance higher raise benchmark to easily produced and deliver to the right people. For example their networking services are tend to belong to the all age of people where they can easily assess their talk time service in better way. It can generates mixed review in term of positive and negative aspect, that company have to focus on current employees interest. 4
Thank you letters –This is extra complementary service to provide better greet to customer for increasing their satisfaction level as this practise help to build better relationship in form of long term. To retain also recommend for better talk time services by British Telecmmuncation, this shows their customer loyalty in better way to approach aspect in different format. Applythetheoreticalaspectsofthepromotionalmixusedcompanyandevaluatethe effectiveness of these tactics. According to the promotional mix is the developing of advertising, personal selling, sales and promotional with better public relations along with direct marketing. The marketers essential need to know about the view which they scrutinize mainly to evaluate better promotional activities that makes their product more effective and efficient (Oates., 2020). Different tools is identifies which is depends upon for better attainment of targets, customer in terms of selling more product and services in market. As per perspective of British Telecommunication they are planning to promote their product and services as per their budget to approach strategies which helps to attain overall strength in better manner. There are few factor which emphasis effective promotional strategy can be implemented through a specific company Advertising: It is from of process in which paid and non paid marketing advertise of product and services is involved. This reflects the promotion and production about goods and services that can be identified through process of exchange of fee. In this marker of British Tele can applies pull market strategy which product is insight to promotes the customer point of view at least once. The overall activity involves in marketing like designing that undertakes huge influence to purchase better decision. Personal Selling: As it is one of important procedure or marketing promotional toolswhichbusinessorientedpeopleassorttobetteruseforaccomplish competitive advantages (Oparah and et. al., 2018. This practises enhance for effectiveinteractionwithcustomerthroughdirectselling,whereas,British Telecommunicate can implies personal of better networking process towards influence the customer towards buying the product and services. 5
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Sales promotion: According to this approach this enhance for short term usage to earn better incentives which provided to the customer which increased the sales on the basis of given period (Simoni., 2020). Through facilitates better offers like discounts, buy one get one free towards festive seasons or on special random occasions. As British Telecommunication which mainly focuses on short term profits through attracting profit within existing customer. Public relation: On the basis of marketer behaviour where they mainly build a favourable image in better reforms structure as in general public. As public has been carries more towards interaction different marketers as well as marketer are makingbetterrelationshiptoaccomplishbetterobjectiveswhichdirectly associated through companies within directly and indirectly. The relation of public is not only with marketor but also towards supplier, wholesaler, buyers etc for long term aspects. Directing Marketing: Through this talent management is comprising technology that inter related with many aspects (Pomering., 2017). According to direct marketing allows towards paid general advertisement through which it allows an other cosmetical (Tokarev and Shkarovskiy, 2020). The companies can sell their online and offline hat pretend to be one of more effective and quick services of marketing increase the scale of offering to promotion activities. The scope of high profit maximisation which increase the profitability in different level. Every company having tehri own strategy to approach better style to commence marketing in which direct marketing is form of advertising , promotion and overall activities of promotional mix involvement. CONCLUSION Through above report of principle and practise of marketing in whichit come up as summarisation in which it describes about marketing description and customer approach where touch point is been discussed in long and details basis. For example before marketing, after marketing as well as during purchasing. Different promotional mix strategy is been discussed on the basis of advertising, public relation and long term sustainability in the 6
competitive market. To highlight better touch point approaches where after touch point approach plays and important role to greet customer in better way, in which it helps to gain more competitive advantages towards long time. 7
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Pomering,A., 2017.Marketingfor sustainability:Extendingtheconceptualisationofthe marketingmixtodrivevalueforindividualsandsocietyatlarge.Australasian Marketing Journal (AMJ.25(2). pp.157-165. Simoni, G., 2020. MARKETING STRATEGIES IN BANKING SECTOR.European Journal of Humanities and Social Sciences. (3). pp.186-191. Tokarev,B.E.andShkarovskiy,S.I.,2020,May.MarketingandProductDevelopment InteractioninInnovativeStartups.In2ndInternationalScientificandPractical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth”(MTDE 2020)(pp. 49-54). Atlantis Press. Zozul'ov,O.andTsarova,T.,2020.Themarketingepochsbykeyelementsof enterprisecompetitiveness.EconomicbulletinofNationaltechnicaluniversityof Ukraine «Kyiv polytechnic institute».1(17). Online: What Is Marketing?. <https://marketinginsidergroup.com/strategy/what-is-marketing/>. Whatarecustomertouchpoints?<https://www.surveymonkey.com/mp/identify-customer- touchpoints/>. 9