Impact of Strong Social Media Presence on Marketing Strategies of UK Retail Industry

   

Added on  2023-06-08

53 Pages14478 Words242 Views
Research Project Chapter 1-5
To identify the impact of strong social media presence
on marketing strategies of UK retail industry
Table of Content
Chapter 1 4
INTRODUCTION 4
1.1 Chapter overview 4
1.2 Background information 4
1.3 Problem statement and rationale of the research 5
1.4 Aims, research questions, and objectives 6
1.5 Methodology 6
1.6 Scope and limitation 7
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1.7 Significance of the study for the various reader 8
1.8 Summary 8
1.9 Work structure 9
Chapter 2...............................................................................................................................10
LITERATURE REVIEW 10
The concept of social media marketing within retail industry..................................................10
The types of social media marketing strategy adopted by Marks & Spencer for promoting
offerings....................................................................................................................................12
The importance and impact of strong social media presence on marketing strategies of Marks
& Spencer..................................................................................................................................16
The challenges faced by Marks & Spencer while implementing and adopting social media
marketing strategies..................................................................................................................17
Chapter 3..............................................................................................................................21
METHODOLOGY AND METHODS 21
Research Philosophy.................................................................................................................22
Research Approach...................................................................................................................22
Research Strategy......................................................................................................................23
Choices of Methods ..................................................................................................................23
Data Collection and Analysis ...................................................................................................24
Research ethics..........................................................................................................................26
Chapter 4..............................................................................................................................30
DATA ANALYSIS AND FINDING 30
Chapter 5..............................................................................................................................33
DISCUSSION 33
REFERENCES 37
APPENDIX 40
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Chapter 1 Introduction
1.1 Chapter overview
The present study emphasises on underlining the significance on impact of strong social
media presence on marketing strategies within retail companies. Moreover, in order to critically
evaluate the importance and significance of strong social media presence Marks and Spencer a
leading organization in retail industry has been selected (Zheng, 2021). The first chapter of the
study, introduction emphasise on offering a detailed description in relation of the selected
research topic. Thereby with the help of aim, objectives and questions researcher accomplish the
first chapter in effective manner. Furthermore, in second chapter with the help of literature
review in-depth analysis of research objectives helps in identifying the importance and
significance of strong social media presence on marketing strategy of the company along with
potential strategies as well as challenges. The third chapter of research, research methodology
emphasises on evaluating the methodological approaches that has been selected by investigator
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to fulfil research objectives and question. Furthermore to explore selected research with the help
of primary and secondary data analysis will be done to draw valid research outcome.
Furthermore the fifth chapter of research emphasises on analysing and discussion of the research
aims and objectives which is further being accompanied by chapter sixth in which limitation and
recommendation for further research is being conducted.
1.2.1 Profile of Marks and Spencer (M&S)
The present research is conducted on Marks and Spencer which is major British multinational
retailer in the provinces of London, England, United Kingdom. The organization offers wide
range of products in the segment of clothing, home products, food products etc (Upadhyay, Paul
and Baber, 2022).
1.2 Background information
In today’s business world social media marketing is one of the greatest tool which help
organizations to undertake advantage of various social media platforms as well as websites to
make promotion of their services, products or brands (Zahay, 2021). With the help of taking
advantage of e-marketing and digital marketing organization can dominate the industry with the
help of having wider base of consumer.
Social media has grown significantly over the years and is constantly expanding its sphere
of influence. The retail industry has also become aware of the effectiveness of social media.
Because social media is accessible to almost everyone, products and services can be individually
brought closer to each user of the online community. For customers, the lines between online and
offline are becoming increasingly blurred. Many people using the Internet even when strolling
through the city. Thus, there is huge potential for retailers to achieve a lot with relatively little
effort by picking up customers where they are - on the Internet. Many people today gather
information online before entering a store. An informative, entertaining website is no longer a
luxury, but a standard that consumers simply expect. With a targeted social media strategy,
retailers can create customer loyalty on a new level. The present research is conducted to identify
the significance and impact of strong social media presence on marketing strategies within retail
industry, especially Marks and Spencer, UK.
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1.3 Problem statement and rationale of the research
The problem statement that has been duly identified in the present research is
identification, tthese days, retailer are confronted with the problem to emphasize on a suitable
social media strategy to be more visible and effective on social media platforms. Although,
social media is associated with two-way communication to engage with consumers until recently
less attention has been paid to the effects of customer engagement through this channel by high
street retailers. There are different types of social media platforms which allows organization to
influence consumers perception. In this the present research, researcher will explore the best
possible social media platform through which organization can cost effectively influence the
target consumer base and can conduct their operations effectively (Mukherjee, 2019). In addition
to this, the main rational of the selection of the present research topic is to evaluate the
significance and impact of social media presence on marketing strategies with in retail company.
The present research is rational as it will help in understanding the concept as well as
significance of social media for retail industry. In addition to this with the help of this research
importance of strong social media presence on marketing strategies of organization is also being
discovered. This will help organization to implement effective social media strategy for long
term growth (Zhong, Shapoval and Busser, 2021). The research is rational as it will also benefit
researcher to understand the concept of social media presence and enhance the knowledge of the
selected research topic. This will help investigator in a personal way by enhancing researcher
current level of skill and knowledge such as understanding of the concept and importance of
social media presence on marketing strategy as well as ability to conduct future research in a
more effective manner which will professionally help researcher to gain more growth.
1.4 Aims, research questions, and objectives
The study’s aim is to investigate the significance and impact of strong social media
presence for retailors focusing on marketing mix strategies of M&S.
Research Objectives
To investigate the concept of social media marketing within retail industry
To evaluate the significance of social media for the retail industry
To discern each type of social media marketing strategy adopted by M&S for promoting
offerings
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To ascertain the importance and impact of strong social media presence on marketing
strategies of M&S
To examine the challenges faced by M&S while implementing and adopting social media
marketing strategies
Research Questions:
What is the concept of social media marketing within the retail industry?
What is the implication of social media within the retail industry?
What social media marketing strategy M&S currently adopted for promoting offerings?
What is the importance and impact of strong social media presence on marketing
strategies of M&S ?
What are the challenges faced by M&S while implementing and adopting social media
marketing strategies?
1.5 Methodology
To fulfil present research aim and objectives investigator is under taking advantage of
quantitative data collection method in which researcher has undertaken the use of positivism
research philosophy (Salem and Salem, 2021). In addition to this, with the help of taking
advantage of deductive research approach researcher is significantly supporting positivism
research philosophy in order to conduct research in effective manner. Furthermore to accumulate
data and information with the help of quantitative method investigator will acquire information
with the help of survey in which use of questionnaire is being undertaken (Park, Im and Kim,
2020).Furthermore, use of primary and secondary data collection method is being undertaken in
present research in which in context with primary research investigator is taking use of
questionnaire to acquire first hand and draw data and further analyse them with the help of bar
charts and tables (Chen and Qasim, 2021).While on the other hand in context with secondary
data collection method investigator will accumulate data and information from books, journals
previously conducted research work etc and further analysed them with the help of literature
review. In addition to this a sample size of 50 respondents has been selected with the help of
random sampling method in which investigator will accumulate data from 50 managers of Marks
and Spencer. The main reason behind taking use of them is respondent is that they are having
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appropriate and authentic knowledge about the selected topic which further helps in enhancing
viability of the present research.
1.6 Scope and limitation
Present research is having wider scope as it is conducted on the impact of strong social
media presence on marketing strategies within retail company. This research helps organizations
in the retail sector such as Marks and Spencer and other small, medium and large scale
organization in retail industry to analyse the significance and impact of social media presence on
marketing strategies within the company (Tuten, 2020).Marketing is one of the most important
operations of any organization irrespective of its size and scope. In the retail industry marketing
plays important role as it allow organization to influence consumers needs and demands towards
organization services, brand and product (Atherton, 2019).It helps in enhancing organization
productivity and growth on simultaneous basis. Thus the research with wider scope will benefit
organization in the retail sector to understand the importance of social media presence on
marketing strategies through which they can influence consumers behaviour and can enhance
company growth. However, there are some certain limitations that can be faced by researcher in
this research these are inclusive of time management, as in order to acquire authentic information
and data researcher needs to invest more time on analysing different sources to acquire
information appropriately this can affect the timely accomplishment of research objectives.
1.7 Significance of the study for the various reader
The present study aimed at discussing the significance and impact of social media presence
on marketing strategies within retail company, Marks and Spencer. In the research concept of
social media marketing and significance of social media for retail industry is being discussed
along with different type of social media strategies that has been adopted by the selected
organization. In addition to this research is also significant as it include importance and impact of
social media presence on marketing strategies of company along with the challenges that has
been faced by organization during the process of adopting social media marketing strategies.
Therefore, the result would help in evaluating the challenges that has affected the organization to
implement social media strategy. At the same time addressing the challenges with the help of
potential problem is also being in depth evaluated in the research. In addition to this with the
help of this research other organisations in the same sector can utilise the strategies and can
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overcome the challenges effectively which will help them to enhance the effectiveness of their
decision making. This research is also beneficial as well as significant for researcher as it helps
in enhancing the understanding level of the impact of social media presence on marketing
strategies within retail industry. Thus, present research would be significant for contributing both
theoretically as well as practically determining the importance as well as significance of social
media presence on marketing strategies for organization within the retail industrial sector.
1.8 Summary
Social media marketing is an important aspect for the organization in any sector as with the
help of having strong social media presence organizations can not only effectively influence
consumers but can also attract them to organization offering (Wennberg and Anderson, 2020).
This significantly benefits companies to assure higher growth and profitability. Chapter first of
this research discusses the significance of research along with the scope and limitations of the
selected methodology with aims objectives and questions (King, 2022).
1.9 Work structure
Chapter 1: Introduction: the chapter provides an introductory overview for the selected topic,
besides the chapter is also associated with underpinning the aims, objectives, and question
Chapter 2: Literature review and theoretical framework: The chapter is based on a critical
review of existing literature based around the selected research topic
Chapter 3: Research Methodology: the section summarises and discusses on the selected
methods and procedures associated with data collection
Chapter 4: Results/Findings: The chapter focus on presenting clear and concise results from the
collected raw data
Chapter 5: Analysis and discussion: This chapter is associated with discussing the findings by
referring to the framed objectives and aims
Chapter 6: Conclusions, Limitations and Recommendations for further research: This chapter
deals with presenting concluding remarks for the study.
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