This presentation discusses the marketing strategies of Vodafone, the largest mobile telecommunication network company in the world. It covers their segmentation, targeting, and positioning model, marketing mix, CSR affecting marketing, and more. The presentation also includes references for further reading.
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Marketing strategies VODAFONE
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About Vodafone Vodafone is the acronym of Voice DataFone Vodafone is the largest mobile telecommunication network company of the world which is also the third largest telecommunication Corporation in Britain This company is the largest in all over the world in terms of revenue which is 4,657.1 billion EUR (Forbes, 2019). This UK based company has been operating in the world for more than 30 years (Vodafone.com, 2019).
Marketing strategies Segmentation targeting and positioning model is a strategic approach in the modern marketing. It identifies bases for segmentation and determine all the important characteristics of every market segment. The market targeting evaluates potential as well as commercial attractiveness of every segments and select one and more segments to explore
Marketing strategies: segmenting Vodafone segments the market of the world on the basis of following categories- Income and age Service usage Nature of customer Service usage Nature of customer Service tenure Geographical conditions (Webb, 2013)
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Marketing strategies:Targeting Vodafone mainly targets the marketing strategy for the customers living in the small or large towns to the middle- or high- income groups of population It targets to the customers who prefer to usehigh quality data service and uninterrupted voice calling facility to stay connected with friends, family and business
Marketing strategies: Positioning The company has an excellent tagline which says“whenever you go, our network follows”. It announces its visibility through sponsorship in various Sports arenas The advertisement character named zoo zoos help it to enhance its popularity in the Global market
Marketing mix Products Vodafone has offered an extensive range of tariffs that targetvariouscustomer segments (Vodafone.com, 2019). The product variation includes smartphones, branded phones, handsets, voice call and messaging services, internet services and value-added services.
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Marketing mixPrice The company provides both the prepaid and post-paid plans of high and low budget. Vodafone has entered the internet business offering 4G internet rates. It introduces reward points in the pricing strategy which the customers gain on spending a particular voucher or the data bundles.
Marketing mix Promotion: Promotions Vodafone has utilised the local names to enhance recognition and contrasts from the local customers in different market. Ads appear in TV commercials, billboards and the social media platforms so that more people can see them. Zoo Zoos ads are the best and most popular brand ambassador of Vodafone
Marketing mix Places: In the worldwide market, the company has located its own stores. In these stores, the customers visit tosee or buy products and services or to take the benefits of warranty on the products. Vodafone has headquarters in the most important business cities of that country In the rural area also, Vodafone stores can be found so is the market penetration globally
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Marketing mix People: Vodafone as operating in the service industry of the world, that involves high level of people in directions. The employees get proper training, IT supportand personal development processes. It also has good connection with the intermediaries like independent retailers and agents.
Marketing mix Process: The processes of Vodafone are customer friendly. In case of Vodafone, the speed of internet data, uninterrupted voice call and accuracy of other services need to have great importance. It uses the process of data warehousing management along with mining
Marketing mix Physical evidence: Vodafone’s physical evidence includes Reports Different tangibles like extra talk time and the attractive offers to the customers Signage Punch lines Employees dress codes.
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Marketing mixPartnership: For cloud and hosting, the company has partnered with Dell EMC, Ciscoand Huawei and Hewlett Packard Enterprise. For connectivity, the company has partner with Google, Cisco ad Microsoft that provides greater value and helps in evolution of a digital workplace. For security, Vodafone has partnered with Fortinet, Zscaler, BAE Systems which help the company to get the security from constantly evolving cyber threats.
CSR affecting marketing The companies aim to connect a purchase with something which is seen as a nonessential and larger than amerepurchase of product (Andreu, Casado- Díaz & Mattila, 2015). For this they serve corporate social responsibilities which enables the customers to have an easier way to validate their purchase.
CSR affecting marketing Corporate social responsibilityin Vodafonecreates a positive feeling which relates to the social approval and self-respect. Vodafone has aimed to have a sustainable business that promotes diversity and equity energy and environment transparency ethical behaviour scope for developing skills as well as jobs for the young generation (N.vodafone.ie, 2019).
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References Forbes. (2019). Vodafone on the Forbes Global 2000 List. Retrieved from https://www.forbes.com/companies/vodafone/#36b5f5c27dfb N.vodafone.ie. (2019). CSR. Retrieved from https://n.vodafone.ie/aboutus/csr.html Vodafone.com. (2019). Our Partnerships. Retrieved from https://www.vodafone.com/business/why-vodafone/our-partnershi ps Webb, N. (2013). Vodafone puts mobility at the heart of business strategy: Transformation improves performance of employees and organization as a whole. Human Resource Management International Digest, 21(1), 5-8.