Research Analysis on Marketing Strategies of Drake & Morgan
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Added on  2024/04/26
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The purpose of this report is to analyse the feasibility and outcomesoftheusedresearchtechniquesandstrategies information of other relevant reliable network. The research planning are also analyzed according to its opportunity to design the research for most effective data collection including real time data analysis and simultaneous data collection strategy. RESEARCH AIMS AND OBJECTIVES
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A review of the literature of the last years will be used to deeply research the concept of marketing, its evolution and the extent to which Drake and Morgan has adopted the concept.It pinpoints which segments the company is capable of serving best and it designs and promotes the appropriate products and services LITERATURE REVIEW
Through researching Drake and Morgan’s ascension, helped by the successful application of innovative marketing strategies, I hope to gain knowledge that will help me for my future development and better understand marketing as a whole. USEFULNESS OF THIS RESEARCH
•The researcher has selected primary method of data collection in order to collect fresh data rather than pre existing data. In this research paper, the researcher has selected both quantitative as well as qualitative type of data collection method in order to record data in both manager as well as employee’s perspective. This enabled the researcher to use interview and survey tools for data collection in this research paper are survey and interview tool. RESEARCH METHODOLOGY
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•In this research paper, the researcher will select primary type of data collection method as it directly enables the researcher to focus of collection of fresh data rather than pre existing data. in order to obtain the most appropriate outcome relevant to the research topic, the researcher will select both Quantitative and Qualitative techniques for collection of data. By selection of this type of data collection method, the researcher will be able to focus on both employees’ and managers’ perspectives related to the research topic. The researcher will also be able to use survey and interview tool that would enable in obtaining an effective outcome. PRIMARY DATA COLLECTION METHOD
•Data analysis is one of the most critical parts of research paper as it directs the researcher to attain the objective of research paper as per research topic. In this research paper, the researcher has qualitative as well as quantitative data analysis method in order to obtain outcome in both manager’s as well as employee’s perspective related to the research topic. QUALITATIVE AND QUANTITATIVE ANALYSIS
ETHICAL CONFEDERATION Theresearchwillbeconductedbyfollowingsomeethicalnormsand confederations involving the data collection where the research will gather different data from opinions that can be personal and sometimes against the authority. The research has to followData protection act 1998to keep confidential of the data that are collected from the participants
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Q3.HOW LONG ARE YOU WORKING FOR THE DRAKE & MORGAN ? 20% 50% 30% experience Less than 1 year More than 1 year but less than 5 years More than 5 years
Q4.HOW OFTEN DO YOU FIND SALE OF DRAKE & MORGAN HAS INCREASED? Once in a quarterOnce in a semesterOnce in a year 0% 10% 20% 30% 40% 50% 60% 70% Sale increase
Q5.HOW OFTEN DO YOU RECORD AN ENHANCEMENT OF MARKET SHARE OF DRAKE & MORGAN? Once in a quarterOnce in a semesterOnce in a year 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% Change in market share Change in market share
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Q6.HOW OFTEN WAS DO YOU THINK DRAKE & MORGAN SHOULD CHANGE THEIR MARKETING STRATEGY FOR ENHANCING SALE? 10% 30% 60% Change in market strategy Once in a quarter Once in a semester Once in a year
Q7. HOW OFTEN DO YOU THINK THAT DRAKE & MORGAN SHOULD PLAN FOR INCREASING MARKET SHARE FURTHER? Once in a quarterOnce in a semesterOnce in a year 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% Plan for market share Plan for market share
Q8.HOW DO YOU RATE MARKET PERFORMANCE OF DRAKE & MORGAN FOR YOUR TENURE? Least satisfactorySomewhat satisfactorySatisfactoryMuch satisfactory 0% 5% 10% 15% 20% 25% 30% 35% Employees
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Q9.HOW DO YOU RATE INCREASE IN MARKET SHARE OF DRAKE & MORGAN FOR YOUR TENURE? 10% 20% 30% 30% 10% Rating about share increament Least satisfactory Somewhat satisfactory Satisfactory Much satisfactory Most satisfactory
Q10.HOW DO YOU RATE EFFECT OF MARKETING STRATEGY OF DRAKE & MORGAN ON EXPANSION OF ITS MARKET SHARE? Least satisfactorySomewhat satisfactorySatisfactoryMuch satisfactoryMost satisfactory 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% Rating of marketing strategy Employee parcentage
With the use of research planning, the study will be able to determine key points of the research data and the process of the data collection that also associatedwithinformationgatheringanddatarepresentation.The project planning helped the flow of the information according to the way of the conducting research. On other hand, this research planning enabled the opportunity to design the research according to the most effective data collection including real time data analysis and simultaneous data collection strategy. The appropriate plan allowed the details explanation and analysis of the business and market analysis of the Drake & Morgan that was beneficial for the research project and issues. RESEARCH ANALYSIS
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RECOMMENDATION RecommendationHowBy whomBy when Improvingmarketing strategy dependingondiversemediaof public relationship including social mediabasedpromotion,online forumanddiscussiondomain, offlinepromotionslikeTVand radio based advertising. Marketingand promotion team Implementationofnew technology Supply and Distribution chain Logistic department customer attractionOfferingspecial offers and coupons for loyal customers Sales team moreadvancemarket research analysethecurrentmarket condition and the positions of their immediate competitors within their market segment Marketing team
Being based on a particular company in pub and restaurant chain that blocks theopportunitytoanalyseoverallmarketconditionoftheindustry.The company can improve their marketing strategy and their inbound and outbound logistic as well as expanding their facilities. The marketing team and the sales team have the major role to increase the opportunity of capturing market by analyzing customer needs and requirement. CONCLUSION