Marketing Essentials Report: Aldi's Marketing Strategies and Roles

Verified

Added on  2020/09/17

|18
|5594
|40
Report
AI Summary
This report provides a detailed analysis of Aldi's marketing strategies, encompassing its marketing mix, roles and responsibilities within the marketing department, and the impact of these strategies on the company's performance. The introduction highlights the importance of marketing in business and emphasizes the need for market research and understanding consumer needs. The report then delves into the specific roles and duties of advertising, including managing brand image, conducting campaigns, and market research. It examines the responsibilities of the marketing team and their relationships with other departments such as purchase, finance, and sales. The report further explores Aldi's marketing mix, comparing it to Sainsbury's, and analyzes the elements of product, price, place, and promotion. The report concludes by assessing Aldi's marketing plan, emphasizing the importance of understanding consumer needs and adapting strategies to remain competitive. References are provided for further research and understanding.
Document Page
Marketing Essentials
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Roles and duties of advertising capacity ..........................................................................1
P2 Roles and obligations of advertising in firm ...................................................................3
TASK 2............................................................................................................................................5
P3 Marketing mix...................................................................................................................5
TASK 3............................................................................................................................................8
P4 Marketing plan of Aldi......................................................................................................8
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15
Document Page
INTRODUCTION
Marketing is necessary in each and every business entity which will help business entity
in selling to their consumers. Staff members of firm have to do research so that identify needs
and wants of service users and managers and employees have to fulfil responsibility to provide
maximum satisfaction to them. According to demand supply needs to be done so that targets can
be easily achieved and can generate maximum revenue (Aaboud and et. al., 2017). Relevant and
appropriate tools and techniques should be used by them so that they can improve strong base of
purchasers. When company having a good brand image which assist in attracting large number
of consumers. The tool which can be used by firm for promoting product is marketing mix which
assist in providing qualitative products and services in a competitive market. Present report is
based on Aldi which is a supermarket chain and deals in food, beverage, household goods etc.
Along with this company having a revenue approx. €53 billion. In below mentioned report,
different marketing concepts of marketing which has to be demonstrated this will assist in
attaining success in the competitive market. Further, role and responsibilities of manager so that
they can improve performance and productivity (Aad and et. al., 2012).
TASK 1
P1 Roles and duties of advertising capacity
Marketing is administration system by which merchandise and enterprises move from
thought to client. Marketing having a coordination of 4P's for example, product, promotion,
place, price. For instance, Apple is thought of its new product so the cost of new merchandise is
rely on inventory which are as of now accessible in the market. Basically marketing is about
publicized your products on the web or TV or any sort of media where client can think about
your merchandise. In offering consumer trade money from your products (Al-Hasan, Thomas
and Mansour, 2016).
Marketing function is somewhat part by which an organization recognize its potential
items and separate from its comparative inventory. Extensive business are utilizes advertising
capacity. Without it no organization can offer their products. Basically marketing work
incorporate market research, market advancement and making promoting plan. There are ten
critical market functions which are Market design, Market data, Customer support, Packaging
1
Document Page
naming and marking, Risk taking, financing, Standardization and reviewing, Product separation,
Product outlining and improvement, Exchange capacities.
Marketing division assumes an exceptionally critical part in stock function of Aldi and
also a tool which aid in promoting product across national boundaries (Babin and Zikmund,
2015). This is a obligation of the marketing department to achieve the consumer so it can support
the offer of result of organization. Significant part of promoting capacity is contrast from firm to
business entity.
(Source: Roles and responsibilities of Marketing department, 2017)
Oversee and clarify the image: This is the first and beginning part of marketing in Aldi.
It clarifies about the business entity likewise identity, what they can say in regards to
organization and how the organization can demonstrations.
Conduct Campaign: This is another part of promoting to lead campaign for advertise
activities. It recognize products in offer cycle and than mastermind material for their marketing.
Create internal communication: It is essential for the organization to make inner
conversation in a better and effective manner. Workers need to comprehend about the
organization its esteems, principles and strategies (Baines, Fill and Page, 2013).
2
Illustration 1: Roles and responsibilities of Marketing department
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Conduct statistical surveying: Market look into is critical for investigate target market
and clients for various items. Additionally vital to see how products detected.
Monitoring vendors and agencies: Marketing division is in charge of choosing offices
who mastermind the promoting material for item. These may incorporate PR agencies, print
sellers and so on.
Advertising have extremely fundamental duties in Aldi which is:
Market surveying: It is the vital obligation of promoting division. It assist in
understanding the need of clients and increase better market opportunity likewise help to think
about possess business from its rivals in feeling of quality as well as weakness of the
organization.
Product improvement: This is the another vital obligation of promoting the products
along with the services. Its enhances and build up the result of organization. For this reason
supervising division have their improvement groups who attempts to pick up data about client
needs and inclinations (Baker and Saren, 2016).
Communication: Marketing divisions make conversation materials for advancing their
item and administrations. It relies on accessible spending plan than they make crusade, limited
time occasion for showcasing their items.
Sales Support: It incorporates coordination amongst deals and advertising office so it can
enhance deal execution. Marketing department have deals group who plan introduction for
limited time material to give clients.
Events: Marketing offices is in charge of occasions classes and exhibitionisms is vital for
any association since it boost sales and administrations of the organization.
P2 Roles and obligations of advertising in firm
In every single organization, advertising division is fundamental or basic this will helps
in conveying better items and administrations to shoppers. When they do marketing them this
will convey data identified with results of Aldi which they are delivering to customers.
Representatives of business entity need to do powerful correspondence with the goal that they
can procure their objectives and furthermore aid in giving fulfilment to their shoppers (Banerjee,
2013).
Relationship of the marketing team with the other functional units:
3
Document Page
Purchase department: As Aldi is a grocery retailer company, they are having a separate
department which work to purchase products to sale it in their stores. They are having a huge
range to sale in their retail outlets. It is essential for them to sale out those kind of products which
are huge in demands of their customers. The purchase department is having based on the
marketing team's informations, marketing team works to analyse needs of the customers which
can be implemented in the product range of the company. So purchase department will align
their purchase as per the needs of the product and can make a change in the product range.
Finance department: It is a department which allows funds to different teams of the
company to perform their business activities. The finance team is having authority provide funds
to the purchase department to make a purchase of products to sale in the company. Marketing
activities is having a need of financial supports so it is essential for the marketing department to
take permission from the finance department to conduct marketing activities. So finance team is
having relation with most of the team which are working in the company because they are having
a need of finance to work according to organisational objectives.
Sales department: The sales team is having a huge responsibility in context of the
organisational success so they have to deliver a proper efforts from their side. ALDI is a retail
organisation and it is essential for the company to provide a better services to their customers
because it is essential for them to compete with their market rivalries by providing a better
assistance to their customers. Informations from the marketing team are having a huge relevance
with the sales because they are having needs of market information by which they can expand
their exercise. Market informations can be adopted by the sales teams which can help to them to
make a better change in the company. A market analysis and survey provides market trends
which can be implement in the organisation, so according to these market trends they have to
make changes in the customers assistance. Statistical surveying is particularly useful in satisfying
needs and wants of shoppers and it is a major task for higher authority of promoting division.
There are different devices and techniques which can be utilized by them to direct statistical
surveying. They need to take criticism by survey with the goal that they can recognize regions
for development and achieve focuses in an aggressive market (Beatty and Samuelson, 2014).
Human resource development: This department works for the betterment of the
employees which can help to them to make changes in the performance, the company is having
4
Document Page
HRD department and according to the customers information HR development department has to
conduct different development programmes which can help to improve performance.
Marketing play a vital and also fundamental part with the goal that they can achieve
targets. It help with making mindfulness identified with items and administrations in a focused
market and achieve upper hand. The most essential piece of marketing is to perceive real needs
of customer so they can design their items and organizations suitably which helps in extending
purchaser devotion level. The marketing branch of Aldi relied upon that to accept their parts and
obligation in a path help to grow its profitability which is a common goal for every business.
TASK 2
P3 Marketing mix
Promoting Mix is a combination of various factors which can be controlled by
individuals from Aldi which help in pulling in buyers with the goal that they can buy numerous
items and on the premise of that, they can build offers of the firm. Aldi and Sainsbury both are
utilizing same components of marketing mix which helps in doing appropriate functions and in
addition operations. Alongside this, it additionally helps in giving best and subjective items to
the customers. The staff individuals need to give administrations as indicated by the necessities
of buyers so they can accomplish objectives and targets (Chamorro-Mera, Miranda and Rubio,
2014).
5
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
(Source: 4 P's of marketing, 2017)
Basis Aldi Sainsbury
Product It provide affordable products which
having a best quality. It enable Aldi to
price its products which will lower
than other supermarkets. It does not
make changes on their food products.
The managers and employees of
business entity focusing on
innovation as well as quality
management so that they can
improve their products and
services which will assist in
enhancing existing range of
products and services.
Price Aldi having a strong consumer base
according to cheap price as well as
quality so that they can give offer for
their own brand merchandise which
They are using appropriate pricing
strategy which helps in offering
products and services to
consumers at a reasonable price
6
Illustration 2: 4 P's of marketing
Document Page
are not available with their
competitors. Aldi is using different
pricing strategy which includes
competitive pricing, market
penetration etc.
which will helps in retention of
service users. Managers of
Sainsbury is using Premium
pricing policy which will assist in
increasing market share in c
competitive market (Clow and
James, 2013).
Place Aldi having more that approx. 8000
stores in different countries. It
delivers products to consumers at a
reasonable and affordable price. Staff
members of Aldi is maintaining
quality while offering products to
suppliers or any store. Business entity
tries to maintain their appearance so
that it will become easy for their
service users (Cohen and et. al.,
2010).
Business entity having a approx.
598 supermarkets, it handled its
distribution on its own so that
employees and managers can
resolve dispute so that targets can
be achieved.
Promotion Aldi doing their promotional activities
in a better manner under its marketing
mix strategy so that targets can be
achieved. Some techniques which
they are using includes swap as well
as swap to buyers so that they cannot
switch to other brands. Aldi have to
provide products at a cheaper rate so
that they can build trust in its service
user.
They have to use appropriate
promotional strategies which will
assist in making consumer
attention as well as assist in
building brand name. It helps in
boosting sales as well as building
consumer loyalty.
Process They have to make proper process so
that consumer can easily finds very
Sainsbury started provides
products online shopping for its
7
Document Page
easy so that consumers select their
products and services on their own.
They have to set price according to
the merchandise which they are
selling as well as competitors in the
market.
consumers. They have to made
changes in its pricing policy along
with distribution which will assist
in increasing consumer loyalty.
People Business entity does not having a
lower consumer base than its
competitors as employees does not
provide proper assistance to
consumers in doing the selection of
products and services. It pays its
employees higher than its competitors
as well as provide job training to new
employees.
It has a mix of well trained experts
so that they are aware of behaviour
of consumers. New employees in
the firm are to be trained on job so
that they can satisfy the needs and
wants of consumers as well as
fulfil the organisational goals
(Cua, Reames and Chai, 2013).
Physical evidence Company having approx. 85% stock
in their stores which assist in
maintaining their brand image in
market at a time of high competition.
Sainsbury having an effective
strategy to sell products and
services in the market. They are
having a different store designs
and layouts so that they can
address various needs of
consumers.
TASK 3
P4 Marketing plan of Aldi
There are different steps which are included in a marketing plan of Aldi and this is made
for the improvement in company so that targets can be attain in a effective manner.
Executive summary
In each and every company, plans should be made so that they cannot face any type of
obstacles in delivering better products and services. These plans also assist in doing proper and
effective marketing of merchandise this will assist in offering correct information or data about
8
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
stock and this will aid in attracting large number of consumers. employees should do evaluation
of environment whether it is internal or external so that they can identify and analyse areas where
they can make changes for improvement and this will help them in attaining goals and objectives
(Dioko, 2016). From the tactics or situations which they are facing while delivering products and
services they have to make plans and procedures and should implement them or take actions
accordingly which will aid in reaping targets as well as maximum benefits at a time of high
competition.
Overview of Company
Aldi is a common brand which having a leading supermarket chain and deals in food,
beverage, household goods. The company having a turnover of more than €50 billion. The
company having a vision and mission statement and they want to achieve them which will helps
in improving brand image in the market. Aldi having a strategy that they have to offer consumers
low price product on a limited assortment of products which are private labelled. The sales of
business entity is increased by approx. 19.8% and market share of Aldi is approximately 12%.
(Source: Marketing Plan, 2017)
Current marketing situation analysis
9
Illustration 3: Marketing Plan
Document Page
Internal analysis: It is an investigation for the study of internal environment which help
with deciding the quality and shortcomings of Aldi. This internal examination helps in
understanding the weakness of the business enterprise (Harris, Schwartz and Brownell,
2010). The organization having the effective structure of the association and boost staff
morale which help in capturing the opportunities so they can take an interest in the
administration exercises.
Primary activities: These exercises are utilized by the organization to convey the best
administrations with the goal that they can gain an advantages in high competition. It
help with making the esteem so they can create a higher benefit. Inbound logistics
incorporates the warehousing alongside the stock control of a raw material of Aldi.
Outbound logistics are those exercises which are expected to get a completed item for
business entity. Marketing and additionally deals are those exercises of the business
element which helps in acquiring the stock to purchaser. Along with this
administrations exercises helps in expanding the price of products.
Supporting activities: These are the activities which helps in doing the best possible
business. Along with this it help with doing the correct administration of the business
exercises by taking an assistance of a department of human resources so the staff
individuals from Aldi can accomplish objectives and goals. Supporting exercises
incorporates the execution of finance strategies and in addition the structure which is
identified with the communication internally so they can do the correct control on
cost and on premise of that buyers of Aldi can do best buys so organization
individuals can achieve objectives and targets (Hoványi, 2013).
External analysis: For the analysis or evaluation of external environment, there are
different methods which they can use so that they can identify their strength and
weakness as well as impact of different elements so that targets can be attain in a
effective manner.
SWOT analysis
Strength Weaknesses
Business entity serve high quality
products to consumers.
As compared to other brands Aldi still
relatively small.
10
chevron_up_icon
1 out of 18
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]