This report examines the marketing communication strategy of Telstra, Australia's largest telecommunication company, as they seek to expand internationally. It discusses the significant elements of marketing communication and how they can be applied to the case of Telstra's business expansion.
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Running head: MARKETING COMMUNICATION STRATEGY OF TELSTRA Marketing Communication Strategy of Telstra Name of the university Name of the student Author note
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1MARKETING COMMUNICATION STRATEGY OF TELSTRA Executive summery The report aims to examine related aspects with marketing communication, which are needed to evaluate in order to frame strategies of marketing for Australian telecommunication company Telstra. This written article sheds light on the significant elements of marketing communication and how it can be applied on the case of business expansion which has been planned by the above mentioned Australian telecommunication company.
2MARKETING COMMUNICATION STRATEGY OF TELSTRA Table of Contents Introduction................................................................................................................................3 Background of the study: why Telstra needs to communicate..................................................3 Expected impact of the communication.....................................................................................4 Gathering information for managing stakeholders....................................................................4 Ethical marketing and the culture of marketing officials...........................................................4 Communication plan and its feasibility......................................................................................5 Marketing and media strategies as communicating tools..........................................................5 Conclusion..................................................................................................................................6 References..................................................................................................................................7
3MARKETING COMMUNICATION STRATEGY OF TELSTRA Introduction The agenda of this report is to highlight marketing communication strategy of Australian telecommunication company Telstra, as they are seeking opportunity to expand business outside Australia(Telstra.com.au, 2018). Being one of the largest and profitable companies within Australian telecommunication industry, Telstra has its own brand value. Considering the expansion, how the company would plan and execute their communication strategy that has been discussed in this report. Background of the study: why Telstra needs to communicate Telstra is Australia’s largest telecommunication company, which provides mobile networks, internet access and pay television connections. Telstra has felt to proceed with promotional communication as the company is on the verge of international expansion. The marketing executives of Telstra Corporation Limited recognised the opportunity of expansion as their group has been experiencing profitable business within national boundary. Telstra has thought for exportation of the solution and serving software solution via online mode initially to understand the market. However, opening a branch in an international location will be helpful for them. Acknowledging the positivity in the environment, the company has targeted the growingAsianmarketoftelecommunication.Accordingtotheexpansionplan,the organisation wants to be approachable in front of the young generation mostly as their changing demand of regular usage of data and communication solutions control the major part of the industry (Hämäläinen, Luoma and Saarinen 2013). Besides, ageing part of the population is growing and with the progression of time, they are becoming tech-savvy too. Therefore, the company should understand the market demand before communicating and
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4MARKETING COMMUNICATION STRATEGY OF TELSTRA mostly social networking sites will be used as marketing tools. Promotional advertisement on print and television media will be broadcasted as well. Expected impact of the communication Telstra is expecting to influence the tech-savvy population of the Asian countries (Rawal 2013). Business executives believe in to establish a strong mode of communication as it helps to develop a market from where consistent revenue comes to the company. In order to present the products or service marketing communicators generate innovative ideas to observe the reaction of the target market. According toBacile, Ye and Swilley (2014),the nature of the idea should be consumer friendly to be acceptable by the new target market, yet satisfying the business revenue at the same time is important equally. It can be expected the company can make a space in the Asian market by acknowledging consumers’ changing technological needs. Gathering information for managing stakeholders The objective of gathering information about the nature of the market is essential to support the framework of the business plan. Information about the business environment of the selected location and availability of skilled workforce these all are required elements beforeperformingmarketingcommunication.Anotherimportantpartisanalysisof Stakeholders to understand the market needs from a telecommunication company. Again, an evaluation of the market can provide the information whether it is being satisfied with available solutions or not (Royle and Laing 2014). Telstra can exploit those gaps within the environment to enter into the Asian market. Ethical marketing and the culture of marketing officials As per the study ofNyilasy, Gangadharbatla and Paladino (2014),ethical marketing is not a strategy of promotion rather a philosophy, which must be followed by marketing
5MARKETING COMMUNICATION STRATEGY OF TELSTRA executives and managers while promoting a brand or service. This is the most neglected sector of marketing communication yet carries high weightage as it involves customers’ interest.Organisations should not exploit customers by manipulating them with false or exaggerated promises. There are several principles, which should be followed as an ethical guideline by marketing communicators in order to make the promotional strategies neutral to the market. A mutual standard of true information should be maintained for all the stakeholders. Boththepersonalandorganisationalethicswillbetakenintoaccountwhile promoting something. Governmental code of business ethics are the most important. Privacy and preferences of the consumer should not be treated with discrepancy. Ethical policies should be discussed while deciding anything regarding marketing communication. Communication plan and its feasibility Beforeplanningthecommunicationfewaspectsshouldbeconsideredbythe company. Telstra should set communication goals of informing the stakeholders about the entire project needs, disclosing the opportunities to make them understand the credibility of the plan. Communication type should be both internal and external. Internal communication with the workforce and executives must be about how to execute and present whereas, external communication will cover marketing campaigns via advertisement and social media pages in various networks (Shen et al. 2016). The success of the entire project depends on proper execution of the communication plan. Marketing and media strategies as communicating tools Thetechnologyhasescalatedrapidlyfromthepreviousgenerationswiththe progression of time. The era of globalization compels the organisations to make global
6MARKETING COMMUNICATION STRATEGY OF TELSTRA approach while executing marketing communication. At first, Telstra needs to realise the powerofsocialmediatoaccessmajorpartsoftheaudiencesacrosstheuniverse. Advertisements over television, radio and printing media have been proved to be less effective compared to social media strategy. Marketing management team should be effective enough to manage and decide virtual activities of promoting the brand name. Effective circulation of information regarding brand name will develop recognition in Asian market as well for Telstra before the expansion (Luxton, Reid and Mavondo 2015). Telstra can consider customers’ positive feedback as a part of their advertisement or use them as posts for their Facebook or Twitter page. Digital technologies have been made in an advanced way to provide better experience ofcommunicationtotheglobalcommunity.Consumerscaneasilyaccessproduct information and compare them with other brands. Utility of social networking sites cannot be ignored, as these are essential to provide a complete shopping experience to the customers. Conclusion Itcanbeconcludedthat,ifTelstrawantstoexploreinternationalmarketof telecommunication,keepingtheAsianmarketinmind,marketingexecutivesneedto understand the trend, which is dominating the target market. After a detail market research only the perspective of the stakeholders can be understood, depending on which marketing strategies will be framed. In the course of entire marketing communication, the role of digitalization and technology is immensely significant.
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7MARKETING COMMUNICATION STRATEGY OF TELSTRA References Bacile, T.J., Ye, C. and Swilley, E., 2014. From firm-controlled to consumer-contributed: Consumer co-production of personal media marketing communication.Journal of Interactive Marketing,28(2), pp.117-133. Hämäläinen, R.P., Luoma, J. and Saarinen, E., 2013. On the importance of behavioral operationalresearch:Thecaseofunderstandingandcommunicatingaboutdynamic systems.European Journal of Operational Research,228(3), pp.623-634. Luxton, S., Reid, M. and Mavondo, F., 2015. Integrated marketing communication capability and brand performance.Journal of Advertising,44(1), pp.37-46. Nyilasy, G., Gangadharbatla, H. and Paladino, A., 2014. Perceived greenwashing: The interactiveeffectsofgreenadvertisingandcorporateenvironmentalperformanceon consumer reactions.Journal of Business Ethics,125(4), pp.693-707. Rawal, P., 2013. AIDA Marketing Communication Model: Stimulating a purchase decision in the minds of the consumers through a linear progression of steps.International Journal of Multidisciplinary research in social & management sciences,1(1), pp.37-44. Royle, J. and Laing, A., 2014. The digital marketing skills gap: Developing a Digital Marketer Model for the communication industries.International Journal of Information Management,34(2), pp.65-73. Shen, G.C.C., Chiou, J.S., Hsiao, C.H., Wang, C.H. and Li, H.N., 2016. Effective marketing communication via social networking site: The moderating role of the social tie.Journal of Business Research,69(6), pp.2265-2270. Telstra.com.au (2018).Telstra - mobile phones, prepaid phones, broadband, internet, home phones, business phones. [online] Telstra.com.au. Available at: https://www.telstra.com.au/ [Accessed 5 Sep. 2018].