This assignment analyzes Woolworths' current marketing strategies and provides recommendations for improvement. It emphasizes the importance of incorporating audio-visual content, encouraging customer feedback, and utilizing infographics to enhance brand engagement and customer satisfaction.
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Running head: BUSINESS MANAGEMENT Business Management Name of the Student Name of the University Author note
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1BUSINESS MANAGEMENT Executive Summary The report helps in understanding the different usages of social media in different kinds of organization. The organization that has been selected in this report is Woolworths Australia as this supermarket is having their presence in Australia as well as in New Zealand. The reporthelpsinunderstandingtheimpactofthesocialmedianetworksindifferent communities. The main aim and purpose of the report is to analyze the usage of social media by Woolworths and impact has to be properly ascertained in order to make the business more profitable in nature. The conclusion of the report will help in understanding the impact of the social media on the marketing of Woolworths. Social media has to be properly ascertained as this will help in understanding the impact as well.
2BUSINESS MANAGEMENT Table of Contents Introduction................................................................................................................................3 Strategy of Woolworths.............................................................................................................4 Presence of Social Media of Woolworths..................................................................................5 Other social media tools...........................................................................................................10 References................................................................................................................................12
3BUSINESS MANAGEMENT Introduction The report helps in understanding the presence of social media on a particular organization in Australia. The business that has been chosen is Woolworths Australia and this is a retail business that is functioning in Australia. The social media presence of Woolworths has to be analyzed properly in order to understand the popularity of the company in respect to other companies in the same kind of industry. The main aim and purpose of the report is to analyze the presence of social media and usage of social media networking sites for the promotional activities done by Woolworths as well. Proper identification of the social media channels has to be analyzed as this will help in understanding the proper usage of social media as well. The structure of the report includes the proper identification of the social media channels that are used by Woolworths in Australia. The proper identification is essential to be done in order to understand the importance of social media for recruitment as well as for increasing the sales in the competitive market.
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4BUSINESS MANAGEMENT About Woolworths The business that has been chosen is Woolworths as this have proper presence in the Australia. Woolworths is the major retail store that has its presence in all over Australia as well as in New Zealand. Woolworths is having huge social media presence in all over the world and this is increasing day by day as well. Woolworths is having large presence in differentsocialmediasitesasthishelpedtheminattractingdifferentcustomersby understanding completely their tastes as well as the preferences. Woolworths is one of the largest retail stores wherein their main aim is to build strong customer base in the entire world competing with other top ranked retail stores in the entire world. The main goals of Woolworths are to: Generating sustainable momentum of sales Building proper store led and customer based culture and team Empowering portfolio of the businesses in order to pursue different strategies Becoming proper end to end retailer for excellence of the systems Strategy of Woolworths The main strategies of Woolworths are to: Developing one proper team Reducing the costs and improving the entire processes
5BUSINESS MANAGEMENT Refreshing the stores Updating the product offerings Developing cohesive brand Presence of Social Media of Woolworths Social media is the internet based platforms that helps in making the different tasks of the individuals easy in order to converse as well as participate with different individuals in wide range of social activities. The retail stores use social media for promoting their products and services that are provided by them(Tuten and Solomon 2014). Similarly, Woolworths is applying social media for different kinds of services in order to spread their presence all over the world. Woolworths is using different social media networking sites that are as follows: Figure 1: Social Media Source: Woolworths is using LinkedIn in order to hire different individuals for different posts in their different stores in Australia as well as in New Zealand(Schulze, Schöler and Skiera 2014). With proper connection with different individuals through LinkedIn, Woolworths is recruiting and absorbing different individuals for desirable posts in their stores. LinkedIn is
6BUSINESS MANAGEMENT properly used by Woolworths by building proper conversation between the customers as well as their different clients as well. Similarly, Woolworths are properly making usage of the social media sites such as Facebook as well as other sites as this will help them in making strong customer base. These are the sites that helped the company in promoting their products and services in the competitive market. Proper promotional activities are done by Woolworths through Facebook as well as this helps in increasing the web traffic. Woolworths is making proper usage of their own website wherein proper innovative strategies are applied as to increase their brand image in the entire market(Scott 2015). From the above diagram, it can be analyzed that Woolworths is updated with the advanced technology as they are using different tactics as to make the shopping easier for their customers all over the world. Woolworths is updating their website properly as this is making their website popular and attracting customers(Whiting and Williams 2013). Their promotional events are updated with the proper usage of technology. The website of Woolworths includes:
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7BUSINESS MANAGEMENT Individuals can track their order when they are ordering online(Woolworths.com.au, 2017) Proper options has been provided for express delivery Introducing pick up services for the customers(Ngai, Tao and Moon 2015) Woolworths has introduced delivery saver technique wherein when the customers are making the entire payment through credit/debit cards, it will be beneficial for them as they will be receiving discounts on huge range of goods and services. Woolworths is making the ultimate usage of social media among their customers while they are launching, promoting as well as generating new updates about different products and services that are launched by them.
8BUSINESS MANAGEMENT Figure 2: Different activities of Woolworths (Source: Created by author) Woolworths is active in different social media portals as this is making them more popular among different group of individuals in the world(Tiago and Veríssimo 2014). Social media is providing Woolworths the proper opportunity in order to reach the different individuals in the world. With the proper usage of social media networking sites, Woolworths is able to identify the different target audiences and understand the different categories of the customers they are dealing with in the present as well as the activities they need to perform in the future for making their presence more vital among the target audiences(Laroche, Habibi and Richard 2013). Twitte r YouTu be Blogs Faceb ook Linke dIn
9BUSINESS MANAGEMENT Figure 3: Identifying potential audiences through usage of social media (Source: Created by author) Influencer strategy of Blogger Proper reviewsare essential to be followed by Woolworths as this will help them in reviewing their products and services in the competitive market in comparison to other markets. Woolworths can use social media properly and post their issues or any latest updates through Facebook as well as through Twitter. Blog Eventsare essential as well as this will help Woolworths in increasing the entire possibility to succeed in the social media campaigns. Woolworths is making the online business exciting in nature and this will help them in future for their customers. Woolworths is trying to create different techniques such as rewards, different special themes for the different group of customers(Fan and Gordon 2014).
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10BUSINESS MANAGEMENT Woolworths is introducing different categories of products and services such as lunch box, healthy eating for the different preferences of the individuals. Woolworths is able to use such techniques in the market as they are able to know about the different tastes and preferences of the customers through the social media sites. The items and the services that are introduced by Woolworths are properly ascertained by them and through different blogs or Facebook they are informing the customers about the different steps that has been taken by them in introducing the new techniques(Chang, Yu and Lu 2015). Woolworths has introduced recently a category known as recipe wherein there are different recipes are provided for the different products that are unknown to them and this will help in making the individuals aware about the different ingredients required for preparation of the dish and the items that are required by them can be bought by them from the online shopping option of Woolworths as well. This is the category that has been introduced by Woolworths for the ones who are not aware of the cooking techniques of different products and this will help them in making the process easy(Ashley and Tuten 2015). Other social media tools Woolworths can use other social networking sites such asInstagram as well as Tumblras this will help them in attracting huge number of customers. Instagram is the most popular tools that are used by their competitors in the market and this will help them in
11BUSINESS MANAGEMENT introducing other techniques that can be informed to the different customers all over the world and this can help them in increasing the number of customers(Agnihotri et al. 2016). These are the social media channels that can be used by Woolworths as this can help them in increasing the profit as well as increase the revenues in the business as well. Recommendations Therefore, it can be recommended that proper planning as this will help Woolworths in applying different strategies for making their business more effective in nature. The recommendations that are provided to Woolworths are as follows: Adding audio visuals as this will help Woolworths in making the business more successful and interesting in nature. Proper recording of video will help them in attracting more customers and this can help the customers to know about the products and services they are facing queries Encouraging the feedback of the customers as this will help in offering the customers valuable experience in their organization Generating buzz with different infographics as this will help the company and the customers of the organization a valuable experience by making the products and services versatile and controllable in nature
12BUSINESS MANAGEMENT References Agnihotri, R., Dingus, R., Hu, M.Y. and Krush, M.T., 2016. Social media: Influencing customer satisfaction in B2B sales.Industrial Marketing Management,53, pp.172-180. Ashley, C. and Tuten, T., 2015. Creative strategies in social media marketing: An exploratory study of branded social content and consumer engagement.Psychology & Marketing,32(1), pp.15-27. Chang, Y.T., Yu, H. and Lu, H.P., 2015. Persuasive messages, popularity cohesion, and message diffusion in social media marketing.Journal of Business Research,68(4), pp.777- 782. Fan, W. and Gordon, M.D., 2014. The power of social media analytics.Communications of the ACM,57(6), pp.74-81. Laroche, M., Habibi, M.R. and Richard, M.O., 2013. To be or not to be in social media: How brandloyaltyisaffectedbysocialmedia?.InternationalJournalofInformation Management,33(1), pp.76-82. Ngai, E.W., Tao, S.S. and Moon, K.K., 2015. Social media research: Theories, constructs, and conceptual frameworks.International Journal of Information Management,35(1), pp.33- 44. Schulze, C., Schöler, L. and Skiera, B., 2014. Not all fun and games: Viral marketing for utilitarian products.Journal of Marketing,78(1), pp.1-19. Scott, D.M., 2015.The new rules of marketing and PR: How to use social media, online video, mobile applications, blogs, news releases, and viral marketing to reach buyers directly. John Wiley & Sons.
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13BUSINESS MANAGEMENT Tiago, M.T.P.M.B. and Veríssimo, J.M.C., 2014. Digital marketing and social media: Why bother?.Business Horizons,57(6), pp.703-708. Tuten, T.L. and Solomon, M.R., 2014.Social media marketing. Sage. Whiting, A. and Williams, D., 2013. Why people use social media: a uses and gratifications approach.Qualitative Market Research: An International Journal,16(4), pp.362-369. Woolworths.com.au.(2017).{{metaController.metaData.title}}.Availableat: https://www.woolworths.com.au/ [Accessed 11 Oct. 2017].