logo

Role of social media marketing in the increase in sales performance of the company

36 Pages9712 Words98 Views
   

Added on  2023-01-11

About This Document

This research project aims to analyze the role of social media marketing in increasing the sales performance of the company. The study focuses on Marks and Spencer, a large fashion retailer, and examines the importance and impact of social media marketing on their business operations. The research methodology includes quantitative research methods and the use of primary and secondary sources. The findings of the research will be used to draw conclusions and make recommendations.

Role of social media marketing in the increase in sales performance of the company

   Added on 2023-01-11

ShareRelated Documents
Research Project
Role of social media marketing in the increase in sales performance of the company_1
Executive Summary
The present project initiates to determine the potential role of social media marketing in
increasing the sales performance of the business, therefore, it is a wide area of academic writing
which has its major significance in exploring idea about the area of social media marketing.
Therefore, social media marketing is recognised as the imperative aspect of today’s business and
plays effective role in progression operations of the business via generating awareness about the
business and its operations within the commercial centre. In this existing evaluation the study has
been executed over the analysis of Marks and Spencer, thus it is a large fashion retailer firm
which has its major concern over increasing business performance via developing the sales and
revenue of the business. However, the business is using social media marketing as they strategic
tool for enhancing operations via generating awareness among customers, enhancing brand
reputation, easy access to market, targeting customers and so on, thus aim and objectives are
developed to guide the whole dissertation in right manner to drawn valid and reliable outcome.
In addition to this, quantitative research method has been applied to execute detailed evaluation
via the support of actual facts and figures. Furthermore, deductive approach and positivism
philosophy is being considered by the investigator to guide the investigation in right manner with
the assistance to implementing effective theories and hypothesis. In addition to this, primary and
secondary both the tools are applied by the researcher to gather valuable information, Thus,
primary research is being supportive in gathering first hand information via the help of
developing questionnaire and secondary sources like books, journals, publish articles are
imperative in developing literature to determine the issue in suitable manner. Along with,
conclusion and recommendation are drawn over the findings of the research.
Role of social media marketing in the increase in sales performance of the company_2
Contents
Executive Summary.........................................................................................................................2
Title..................................................................................................................................................1
Chapter 1: Introduction....................................................................................................................1
Overview of research..............................................................................................................1
Background of the research....................................................................................................2
Research Aim.........................................................................................................................2
Research Objectives...............................................................................................................2
Research Questions................................................................................................................2
Rationale of research..............................................................................................................3
Chapter 2: Literature Review...........................................................................................................3
Introduction of literature review.............................................................................................3
Theme 1: What is the notion of social media marketing at workplace?................................3
Theme 2: What are the importance of social media marketing for Marks and Spencer’s?....5
Theme 3: What is the impact of social media marketing in the increase in sales performance
of Marks and Spencer’s?........................................................................................................6
Conclusion of the literature review........................................................................................7
Chapter 3: Research Methodology...................................................................................................7
Chapter 4: Data Analysis and Interpretation..................................................................................13
Chapter 5: Conclusion and Recommendation................................................................................28
Conclusion............................................................................................................................28
Recommendation..................................................................................................................29
Chapter 6: Reflection.....................................................................................................................29
References......................................................................................................................................31
Role of social media marketing in the increase in sales performance of the company_3
Role of social media marketing in the increase in sales performance of the company_4
Title
Role of social media marketing in the increase in sales performance of the company
Chapter 1: Introduction
Overview of research
Social media marketing is acknowledge as the appropriate mode of promotion through
which association can easily develops strong relations with the customers that would further
support the company in the form of making purchase from the same company at regular basis.
This directly increases sales performance of the same entity which generates huge revenues for
them. As a result, it can be said that usage of social media marketing is directly helpful for the
company in enhancing its sales performance as well as profitability. It has also been analysed
that there are several medium of social media marketing are being adopted by the business
associations in order to have good level of interaction with the customers’. Some of these
common platform of social media through which marketing head performs marketing activities
are Facebook, Instagram, Pinterest etc. here, it can be said adoption of these methods simply
supports every business in having better reach to the customers which simply maximises their
sales performance as well as profitability. In addition to this, it can be further said that the social
media marketing is also highly supportive for every form of businesses who wants to raise their
sales performance and have limited amount on the core promotions whose output are not at all
giving stiff competition to the rivalry. As a result, it can be said that if business association have
made use of social media marketing then they are easily able influence the interest of the
customers towards the highly distinctive products offered by them. This simply brings quick
boost to the company in terms of higher raise in their performance level. Here, the current
investigation have been conducted on Marks and Spencer, a large scale UK based business
organization which is operating its business at international level. It has been seen that the
respective company makes use of several forms of marketing method among them social media
marketing is becoming first preference of its marketing company now. The main reason behind
this is the higher returns in terms of increase in sales performance as well as profitability of the
company. In this regard, the present investigation has been carried out. With respect to the same
the management team have planned to carry out effective presentation on the same. For this,
1
Role of social media marketing in the increase in sales performance of the company_5
effective research aim objectives and questions have been developed. This would directly
contribute in drawing valid outcome on the research topic.
Background of the research
Marks and Spencer is the large scale fashion retail company of UK which is dealing at
international marketplace. The respective company was incorporated in the year 1884 by the
founder Michael Marks and Thomas Spencer. It is headquartered in London, England, UK.
Along with this, it can be further said that the Marks and Spencer is having its stores at 1463
locations. In order to maintain its brand name across the world, the respective company makes
use of several promotional methods that ultimately helps businesses in attracting maximum
number of customers towards them. This directly influences sales performance of the company
and also contributes in maximising their sales performance in rightful manner. Thus, with this
these customers makes simply makes decision of buying products and services. As a result, it
increases sales performance of the company in quicker manner. With reference to the same, the
respective investigator has developed several research aim, objectives and questions with which
they can further proceed to execute the research work in adequate manner with appropriate
guidance. These developed research aim, objectives and questions are specified as below:
Research Aim
“To analyse the role of social media marketing in the increase in sales performance of the
company” A study on Marks and Spencer’s.
Research Objectives
To understand the notion of social media marketing at workplace.
To evaluate the importance of social media marketing for Marks and Spencer’s.
To analyzethe impact of social media marketing in the increase in sales performance
of Marks and Spencer’s.
Research Questions
What is the notion of social media marketing at workplace?
What are the importance of social media marketing for Marks and Spencer’s?
What is the impact of social media marketing in the increase in sales performance of
Marks and Spencer’s?
2
Role of social media marketing in the increase in sales performance of the company_6
Rationale of research
The main purpose of conducting this research is to find out core influence of social media
marketing over the business performance of the large scale company. This investigation would
definitely provide detailed knowledge to the rivalry about the benefits that could be attained by
the large scale company by simply acquiring social media marketing to it. This would simply
help company in enhancing their relations with the customers which ultimately enhances their
profitability in effective manner. Along with this, iut can be further said that by conducting this
investigation researcher can easily develops its range of skills such as communication, time
management, presentation, research skills, team working skills, problems solving and many
others. All of these skills would collaboratively helps investigator in conducting more effective
research in the near future.
Chapter 2: Literature Review
Introduction of literature review
Literature review is important process within an investigation because it helps in gathering
of secondary type of information from various sources such as articles, books, magazines,
publication research, journals and many other sources relevant to the topic. Main purpose and
motto of literature review is to find out research gaps in previous studies. In this study, main gap
of literature review is the role of social media marketing in the increase in sales performance of
the company. In previous study, there are data available regarding the role of social media
marketing but there is no information about the effectiveness of social media marketing for an
organisation in increment of its sales performance. This is a main gap of current study and in
order to overcome or reduce this gap, research questions of the study will be followed by
researcher (Agnihotri and et. al., 2016). This will help them in attaining of research aim and
objectives as well as overcoming the research gap systematically and effectively. Research
questions of the dissertation will be explained as below:
Theme 1: What is the notion of social media marketing at workplace?
According to the Baker (2019), the role of marketing is fundamental and important within
an organisation. This is the only aspect that helps an organisation to get success in market
through creation of distinctive image. There are many ways that can be used by organisations for
effective marketing like social media platforms, PR agency & marketing organisation, video
3
Role of social media marketing in the increase in sales performance of the company_7
streaming and other physical means i.e. newspaper & magazines. All the ways are different from
each other and have distinctive features. It is depending upon the requirement of an organisation
that which method they will adopt for marketing of their offerings. The difference in between all
marketing methods is present among many aspects such as fund requirement, level of reach, way
of operating and the market on which they have influence. In current period of time, the
marketing method which will be best for every kind of organisation irrespective to their size and
nature of business is social media marketing. This is one of the best and effective sources of
marketing. This falls under the category of digital tools that provides an opportunity to connect
with their segment of consumers through usage of different social media platforms. This is the
least expensive method of marketing as compared to other ways and methods. In this regard,
different platforms that can be used by organisations for marketing of their business offerings
include Facebook, Instagram, Pinterest etc. These platforms provide an opportunity to create
their separate page and start promoting or advertising their products. This also has advantage
where an organisation able to get the feedback about their products and services directly from the
consumers over their page. This is the most important information from the point of business
improvement. All the views will be further used by the management for an organisation in
development of more effective strategies along with bring changes in way of operating. This not
only helps in improving the quality of products but simultaneously aid in customer satisfaction
which is most important from the point of an organisation to gain sustainability in market. In
current period of time, high number of users is present in different social media platforms from
the different age groups at worldwide level.
As per the view presented by Alalwan and et. al (2017), the use of these as marketing
method not only helps in easy target to each group of consumers but also aid in improving the
reach at worldwide level. Here, they get the benefit them to connect with all different number of
consumers along with their attraction towards offering of an organisation from the global level.
There is huge role of these platforms in the expansion of business activities in new markets
through bringing collaboration with the local producers or building up of own consumer base.
This clearly depicts that out of all methods social media marketing is best to get the positive
results in least amount of expenditure over marketing.
4
Role of social media marketing in the increase in sales performance of the company_8

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Role of Strategic Management in Developing Organizational Behavior
|41
|10645
|53

Impact of Digital Marketing on Hilton Hotel, United Kingdom
|62
|12160
|52

Implementing Information Security Management Strategy to Reduce Threats of Data Breaches and Cyber-attacks in UK Retail Sector - A Case Study of Marks and Spencer
|34
|9748
|81

Impact of Social Media on Business: A Dissertation Analysis
|33
|9605
|231

Impact of Social Media Marketing on Consumer Buying Behavior in UK Fashion Sector
|34
|9170
|24

Strategies for Developing Diverse and Inclusive Workforce
|10
|2370
|48