Table of Contents SALES AND MARKETING..........................................................................................................1 INTRODUCTION...........................................................................................................................3 TASK 1...........................................................................................................................................3 Determine role of technologies in improving relationship marketing and analyse customer data improve customer expectations through online means.......................................................3 TASK 2...........................................................................................................................................6 Determine segmentation strategies used by Unilever and impact of these strategies on targetting and positioning..........................................................................................................6 TASK 3...........................................................................................................................................9 Identify a potential new target group for your chosen organisation and make suggestion to cater to their specific needs and requirements...........................................................................9 TASK 4........................................................................................................................................11 Determine marketing strategies that Unilever needs to implement in order to meet customer satisfaction...............................................................................................................................11 CONCLUSION............................................................................................................................14 REFERENCES.............................................................................................................................15
INTRODUCTION Sales and marketing are crucial functions for any business. Sales generates revenue to the business. Whereas marketing helps in boosting the sales of the organisation. Marketing are the activities which helps in engaging with the target customers and make profitable relationship. The primary objective for any business is to achieve sales margin of an organisation. For sales of products and services a business needs to promote tits gods and services to the target customers. Marketinginvolvesindifferentmarketingstrategiesinorderbuildeffectivemarketing campaign. Unilever is British multinational organisation based out of UK, producing consumer durable products like edible items, beauty products, pharmaceutical products, personal care items, home cleaning equipments and so on. It captures a large share of consumer market, renderingitsservicesworldwide(Ancillaiandet.al.,2019).Thisreportcoversroleof relationship marketing for managing customer expectations, concept of target, segmentation and positioning, identify different ways to expand customer base, reconsiderations for marketing strategy that accomplish customer needs and wants. TASK 1 Determine role of technologies in improving relationship marketing and analyse customer data improve customer expectations through online means Marketing is a process whichhelps in building profitable customer relationship, it engages with the final customer and conveys the marketing message of the business to the final customers. Unilever uses different promotional tools to advertise its goods and services to the targetcustomers.Relationshipmarketinginvolvesdifferentmarketingstrategiestobuild profitable relationship with the target customers. It involves different functions like segmenting, targeting and positioning (Arnett, Wittmann, and Hansen, 2021). Where, segmentation involves dividing people with similar needs and traits, targeting involves formulating plans and policies for developing market offering and positioning includes different marketing strategies to attract consumer. For attracting consumer, different marketing strategies are used to influence final prospects through internet platforms. Engaging to customer via online platforms helps to communicate to large segment of customers with limited time and efforts. Promoting goods and services by directly visiting to the customer involves huge amount of time and efforts, thus, Unilever uses different marketing channels to promote its good and services via different online
platforms which covers large market segment conveniently. Different online platforms used by Unilever are discussed below: DIGITAL MEDIA MARKETING Digital media marketing is marketing tool to promote and advertise its good and services to the target customer via online platforms or internet. In modern technological era, where large section of the world population is involved in internet platforms. Digital media marketing is an emerging and growing platform to connect people from different locations in the world. Unilever is an online site for connecting and engaging target customers (Claro and Ramos, 2018). It serves through their online website where the customers can directly contact the organisation. The online website of Unilever renders complete information about the company from taking measures about the carbon footprints to save social cost, career and growth opportunities and customers can even contact company from the online website where customers can give feedback or take any cause related concerns to the organisation. Some of these digital media marketing used by Unilever to promote its goods and services to the target consumer are discussed under as: Search engine optimisation (SEO):It is a marketing tool to promote its goods and services to target customers. When customer search for related products in search engine like Google or any other, it customises searches related to the products and services of the company. Unilever spends millions to ensure company name is prioritised at the top in the search result. Unilever coordinates with search engine organisation. It depends on organizational expenditureto for prioritising search results while searched by the customers. Email marketing:Email marketing is a marketing tool for promoting the goods and services to specific customer segment. Unilever sends specific emails to customers. So that customers are aware about the company latest products and services, about the purchase related information to the customers and customer can also revert feedback for post purchase experience. It helps in build interpersonal relationship with each target customers(Dent and White, 2018). Social media marketing:Social media marketing is an online platforms which helps in connecting large number of the world population with just an click. Unilever uses social media platforms like Facebook, Instagram, Twitter, LinkedIn to connect customers in
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different parts of the world. With the increasing emergence of social media platforms, where almost half a billion of world population is connected over social media platforms. Unilever has social media account where it uploads pictures and videos related to the market offering of the company. It largely segment the youth population of the world through social platforms. Influencermarketing:Itismorelikesocialmediamarketingbutininfluencer marketing the company pays to different influencer who are well known and popular in social media platforms. Unilever pays for endorsing the brands of the company to these influencers. So that customers gets influenced by these promotional activities and attracts to purchase the products and services offered by the company. Data obtained of different customers helps to improve the customer relationship. By collectinginformationaboutdifferentcustomersegmentanyorganisationwillascertain customer expectation and finds different ways to satisfy their needs and wants. The major objective of any organisation is to fulfil the profit goals by rendering products and services to the customers(Gentsch,2018).Unileversatisfiescustomerexperiencebycollectingrelevant information about the customer needs and desires to achieve organisational objectives. It conduct different market research and survey to analyse market demand. Some benefits and uses of gathering information about different customers which improves customer relationship through online means are discussed below: Marketing strategies:Data collected about different customersin a geographical location, renders information about the market environment and market demand. It is helpful in formulating marketing strategies that will best suit the target market. Analysing customer segment:It is helpful in analysing customer needs and wants, to build strategic business decisions and formulating marketing plans to capture market share and strengthen customer base. Customerrelationship:Datacollectedaboutdifferentmarketsegmenthelpsin developing effective marketing strategies communicates to the target customer. It build an profitable relationship with each customers (Hall and Lee, 2019). Market positioning:By analysing information about different market segment, it helps in building effective positioning in the minds of the customer as the organisation build
products and services in accordance to the customer preferences and it builds market positioning which helps in gaining competitive advantages. Customersatisfaction:Analysinginformationaboutdifferentcustomersrenders information about taste and preference about target customers, it helps to develop products and services which matches target prospects desires, it helps in attaining customer satisfaction by rendering effective market offering. TASK 2 Determine segmentation strategies used by Unilever and impact of these strategies on targetting and positioning Unilever is one of the world largest multinational organisation rendering consumer durable products. It adopts different marketing strategies to aware and promote goods and servicestotheconsumers.ForanalysingmarketingenvironmentUnileverusesdifferent marketing approaches which involves segmentation, targetting and positioning for analysing business environment. Business environment involves different factors which negatively and positively affects the business environment (Hanssens and Pauwels, 2016). The organisation uses segmentation, targeting and positioning to render for promoting its goods and services in the market. SEGMENTATION Segmentation refers to the dividing large market share into small segments, in the other words,dividingheterogeneousmarketintohomogeneousunitsonthebasisofdifferent attributes. Segmentation involves identification of the final prospects by segmenting large consumer base into small segment possessing similar traits and demand. Different attributes like demographicfactors,psychographical,behaviouralandgeographicalfactors.Different segmentation strategies are been discussed below: Identifying consumer:Unilever identifies different consumers, it divides the consumer into different characteristics by different location and consumer behaviours. Consumer living in different location will poses different attributes. The lifestyle pattern would not be similar in nature of all consumer (Hetenyi, Lengyel and Szilasi, 2019). So, the organisation segment these consumer on the basis of different ratios and then identifies the target consumer.
Analysing needs and wants:It involves around analysing needs and wants of the target customers. By segmenting final prospects the organisation focus on target customer needs and wants which helps to developing market offering to the final consumers. Identifying market demand:analysing market demand helps to ascertain the current market demand and trend. Research and development department in Unilever, evaluates market demand and trend to analyse favourable marketing policies (Ingram and et.al., 2015). Segmentation is crucial for an organisation to conduct sales and marketing functions. Some importance of segmentation are been discussed below: It helps in gaining competitive advantage by rendering strong market positioning, segmentation helps in analysing the needs and wants of the target customer which renders helps in rendering effective market positioning. It helps in expansion of the business by developing strong customer base. Segmentation on the basis demographic factors helps in analysing market. When an organisation effectively analyse the market and satisfies market needs and wants, it leads to expansion of market share. Segmentation supports to effectively communication with target customer, it develops marketing strategies to promote and aware the target customers about the market offering. Targetingandpositioningarethefactorsofmarketingstrategieswhichhelpsin communicating organisational objectives to the target customers. Targeting refers to selecting the target market and developing the advertising and other promotional tools to accomplish organisational objectives. Positioning refers to developing the product or market offering which is to be offered to the consumers. Segmentation impact on targeting and positioning of marketing strategies are discussed below: Capture market share:For any organisation to identify the target market, segmentation is crucial of defining the final prospects (Johnson, 2015). Unilever identifies target market, it develops marketing strategies to attract customers. It helps in expanding and capture market share.Different marketing strategies involves effective communication of objectives to the final prospects which build customer engagement as more customers
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buys products and services of the desired market brand. it helps to generate sales and revenue which further helps in capturing customer segment. Profitmaximization:Themajorbusinessgaolsforanyorganisationisprofit maximisation. Segmentation helps to strengthen customer base. It develops effective marketing strategies to engage with target customers and helps to build profitable relationship. Profitmaximisation is achieved when customer needs and wants are been achieved byrendering strong market offering (Johnson, Matthes and Friend, 2019). Improves customer experience:It improves customer experience by rendering quality products and services which satisfies customer needs and wants. Targeting, positioning helps to put special emphasis on particular segmented customers by improving their customer experience. It develops products and services which are fulfils consumer expectations. Quality products:While analysing the needs of the target customers, organisation uses resource optimisation technique to save the cost of production which helps in attaining product quality.rendering high quality of products and services to customers helps to gain customer satisfaction, which further boost sales and profit goals of the organisation and renders business success. Competitive advantage:It helps in attaining competitive advantage by rendering product positioning in the market. Segmenting thetarget customers helps to develop product position in the minds of customers than the competitors. An effective marketing strategy influences the target customers in a way where customer choose product and services of the organisation over the competitors. Strong product positioning not only helps in attaining strong customer base but achieve competitive advantage (Keszey and Biemans, 2015). Strong positioning:Segmentation helps in developing positioning of the products and servicesinthe market.Differentsegmentationstrategieshelpstotargetthe final prospects in a way which matches the needs and desires of the target both psychological needs and financial needs.It develops market position which perceives a strong marketing message in the minds of consumer and helps to establish a strong positioning in the market from the competitors.
Demand analysis:Research and development department of Unilever conducts marker survey to evaluate demand analysis of the current market. by analysing current market demandthrough differentanalyticaltoolsit helpsto evaluatedifferentmarketing strategies to influence target market. TASK 3 Identify a potential new target group for your chosen organisation and make suggestion to cater to their specific needs and requirements To expand the customer base, Unilever wants to expand its business line to home decors, to attain new customer base and satisfy their needs as per market demand. Home décor includes product for enhancing and improving home interior. Unilever implementsdifferent marketing strategies to promote its goods and services to the target customers (Kotler, 2015). To cater needs of new customer base some suggestion are stated below: Market analysis:Research and development department of Unilever can conducts market survey to analyse the needs and demand of the target market. Analysing market demand helps to produce goods and services in accordance of the current market trend. It will promote stability and growth in the market. Market analysis involves analysing the market demand and trend to build a strong market offering which renders stability and market growth of the brand. Quality product: Unilever can produce quality products and services to build goodwill and reliability for the product and services in the market. After production of products, the products passes through quality check to ensure that the product matches the desired standard. Supply chain management:Supply chain management refer to build good supply relation with the supply and managing supply of goods and services right from the producing to the delivery of goods to the final consumers. Unilever select the supplier to render timely delivery of raw materials to carry production bat affordable prices.. While delivering the products to customers the chain should be managed which renders timely availability of the goods at different location (Kotler, 2016). Reduce complexities: While conducting different business activities, complex activities which covers huge cost and time or unwanted process should reduced to achieve
efficiency and timely completion of each task. Unilever should follow adopt simple and easy to understand steps and process to reduce unproductive nature. While management of business functions, the organisation should implement and carry activities which are useful and avoid complexities at work. It will helps to carry activities accurately and efficiently. Innovative policies:Research and development department can formulate different innovative policies and strategies to cope up with the external environment challenges. Innovation in existing products will attract more customers and establish strong customer base. As per the increasing competition developing innovative products will attract more customer and expand customer base. Internal management:Managing internal business refer to conducting smooth business operation. Maintaining ethical code of conduct among employees is crucial for carrying operational business activities. Different department in an organisation should coordinate with each department to accomplish business success (Kumar, Choi, and Greene, 2017). Social cause:Producing goods and services which are environment friendly will helps to buildreputation and brand image in market. Adopting carbon footprint measures will not only fulfil moral responsibility but save the social cost. It can uses techniques which involves low emission of greenhouse gases or other harmful pollutants from production for other related activities. Pricing strategies:Unilever can formulate different pricing strategies in order to attract customers. While formulating pricing strategies different factors are been considered. These factors includes quality of the products, competitive pricing, profitability etc. Different pricing strategies involves competitive pricing, market penetration, discounts and rebate and different other pricing techniques in order to attract more customers. The pricing of the commodities should be set in a manner which matches to customer demand in the market. Prices of the products will attract more customer and attain competitive advantage. Foreign trade policies:In order to promote trade practices across international border. It involves different trade policies to capture foreign market. People living different location posses different needs and wants, Research and development department of
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Unilever should work with different designer in order to develop things which helps meets market demand. Innovative products:Unilever should manufacture products and services which are innovative and creative in the market. It works different designers to develop innovative products which attracts consumer (Liu and et.al., 2020.). Brandmanagement:Unilevershouldpromotebrandmanagementtechniquesto increase the current value of brand in the market, it involves formulation of different policies to building a strong brand image in market. Promotion mix:Promotion mix involves using different techniques to attracts final prospects and increasing the demand for products and services. It involves different activitieslikeadvertising,directselling,publicrelation,salespromotion,direct marketing. For promoting and advertising its goods an services to the target market it involves different online marketing techniques. Online marketing helps to connect and reach the large section of population with just click. In technological advanced era, internet platforms are emphasised more to engage people from different geographical location (Malshe and et.al., 2017). The above discussion states some suggestion that Unilever can implement to engage with new target customers. These suggestion are helpful for developing strong brand image and to increase the demand of the brand in the market. TASK 4 Determine marketing strategies that Unilever needs to implement in order to meet customer satisfaction Marketing strategies determines different algorithms and techniques that an organisation can use for meeting consumer needs and wants. It involves different strategies to engage and communicate with target prospects effectively. Unilever can implement some recommendation and suggestion in order to meet consumer demands and needs effectively. These are discussed below: Budget friendly products and services:Unilever can manufacture products which are budget friendly in nature. Budget friendly here refers to ascertaining the market price of the products that cover the cost of producing the specific commodity, where low prices
attracts more customers to buy goods and services. Large section of the consumers buys products which are affordable in nature, developing budget friendly products can satisfy more customer as they will be able to perceive products with their needs and wants. Segmenting strategies:Research and development department of Unilever needs to implement segmenting strategies which will helps in dealing with the target customer more effectively, where large section of the population is been segmented into different units.Theseunitswillascertaindifferentattributes,Unilevershouldformulate segmenting strategies which will specifically focus of different individual needs and wants (Malshe, Sohi and Krush, 2017). Analysing market trend:Analysing market trend is one the most important strategy that helps in attaining market share. In some scenarios, commodities produced does not matchestomarkettrendthatbecomesareasonforproductfailure.Itinvolves scrutinising market trend and fashion which helps to maintain sustainability of the product in the market. Customer needs and wants:An organisation needs to analyse different customer segment needs and wants to formulate effective marketing strategies. Different consumer posses different characteristics, so it requires scrutinising needs and wants of each customer segment to develop effective marketing strategy. Unilever needs to conduct market surveys and research for analysing needs and wants of different consumers. Consumer oriented marketing:Consumer oriented marketing refers to the marketing strategies where major objective is to accomplish consumer desires. Where the prior objective of the organisation is to meet consumer needs and wants it helps to strength consumer base. It renders profitability and expanding market share (O’Hara and Low, 2020). InnovativeDesigners:Recruitinginnovativedesignersintheorganisationfor establishing creative design for home decor and interiors will end up developing new innovative products. These products will help to maintain strong market positioning, which will helps to accomplish the important objectives gaining competitive advantage. Innovative products attracts consumer to buy products and take services will further boost sales and accomplishes profit goals.
Human capital management:Human capital management refer to efficiency internal workforce in organisation. As humans are the greatest asset to any organisation who performsholdsfunctioningofbusiness.Unilevershouldpropertrainingand development activities to the employees for smooth functioning of business activities. Efficient workforce will render organisational success and accomplishment of objectives. Technological advancement:With the increase in technological advancement, Unilever needs to implement different policies to maintain and adapt with technological change. Different technological innovations like radio frequency identification device (RFID) helps in tracking objects and people. Technological implementation in an organisation will achieve efficiency and effectiveness in performing different task. Unilever can implement technologically advanced equipment in production, operation activities or other related business activities for carrying business objectives (Olsen, Wagner and Thack, 2016.). Storelocalities:Accessibilityofproductsandservicestotargetcustomerisan important factor. By easy accessibility it develops develops a stable demand and supply of organisational products and services. When products and services are easily accessible to all customers, they feel satisfied.It develops sustainable consumer relationship and strengthen consumer base. Store localities will also help to increase number of customers base in market(Sharma and Syam, 2018). Promotional tools:Developing effective promotional tools helps in acquire consumer base and communicate organisational message to final prospects. It helps to promote products and services of the organisation in the market, which helps to build strong marketpositioningpartfromthecompetitors.Unilevershouldchoosedifferent advertising campaign to communicate to the target customers. It helps to engage target prospects andbuilding a profitable relationship. Different advertising tools like indoor out door advertising, digital marketing etc. Large scale production:Large production cuts down the cost of production. As production in large scale will reduce variable cost. reduced cost in production will increase the probability of organisation. Production in large scale also helps in achieving economies of scale in production which renders efficiency in production activities.
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Controlandcoordination:Establishingpropercontroloverdifferentfunctional activities helps to determine that how far a task has able to achieve effectiveness. It also determines the deviation of different activities and corrective measures for different identifies task. Whereas coordination with different departments to conduct proper functioning of the business activities. Stakeholder reliability:Stakeholder involves different people who are interested in business. Unilever can promote stakeholder reliability by rendering accurate and correct information of the company in financial statement and balance sheet. It develops a sense of reliability and goodwill of the organisation in the market (Zhang and Yeung, 2016). Consumer behaviour:It is one of the most important aspect for any business success. It involves evaluating consumer response of the products and services offered by different brands. For evaluating consumer response, a business should take proper feedback of different consumer. Consumer satisfaction:The major business objective is to fulfil consumer needs and wants and achieve consumer satisfaction. Consumer satisfaction helps to attains business objectives and profitability. Satisfied consumers continues to buy products and services. Above discussion clearly states different measures and strategies that Unilever can use to engage with target customer at greater level. It also involves the importance of consumer satisfaction, how it fulfils organisational objectives. CONCLUSION Sales and marketing are one of the crucial factors for conducting business activities. Sales are the transfer of goods and services which generates revenue to company. whereas, marketing refers to engaging with target customers and build profitable relationship. For boosting sales, marketing activities are helpful to promote the goods and services of the organisation. Marketing helps to enhance business productivity and efficiency. Marketing involves gathering information about market trend and demand which helps in formulating strategic decisions for smooth functioning of the business activities. Marketing and sales generates revenue which helps to capture market share and build sustainability in the market.
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