Improving Marketing Practices for Little Collins St Kitchen, Australia

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AI Summary
This presentation analyzes the marketing challenges faced by Little Collins St Kitchen, a small-scale restaurant in Australia. The core issue identified is the lack of effective marketing practices, leading to low customer awareness, declining sales, and reduced market share. The presentation highlights that the business neglects both traditional and modern marketing tools. Consequences of the problem include decreased profits and increased competition. To resolve these issues, the presentation recommends developing a comprehensive marketing plan, including advertising in local media, and utilizing social media and email marketing. The conclusion emphasizes the importance of understanding and implementing marketing strategies, suggesting a mix of traditional and digital marketing tools, and the appointment of a digital marketing expert to manage and monitor marketing efforts. The presentation provides references to support its findings and recommendations.
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ISSUE IN SMALL
BUSINESS ENTERPRISE
Little Collins St Kitchen
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INTRODUCTION
In the present scenario, the food and restaurant
industry of Australia has become very competitive
and it is no longer easy for small and medium scale
businesses to attract desired customers (Bresler &
Lubbe, 2014).
This presentation is based on Little Collins St
Kitchen which is small scale restaurant in Australia.
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OVERVIEW OF THE SMALL MEDIUM
ENTERPRISE
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CONTD.
Breakfast, lunch, dinner, drinks and wine are some
products which are offered by the Little Collins St
Kitchen (Little Collins St Kitchen, 2018).
High quality of food is one of the most critical
features of the restaurant which has helped in
attaining high degree of satisfaction among
customers.
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PERFORMANCE ANALYSIS OF THE
BUSINESS
After carrying out the
performance analysis
of Little Collins St
Kitchen, it has been
identified that at
present the
performance delivered
by is not satisfactory.
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IDENTIFIED PROBLEM
The main and most important problem which
has been identified is linked with ineffective
marketing practices of the business (Chernev,
2018).
At present, the selected small enterprise is not
at focusing on carrying out marketing and
promotion of its products and services among
people in the marketplace.
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CONTD.
The management is not even aware about the
need and importance of marketing practices and
efforts in the present scenario (Foxall, 2014).
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CONTD.
It has been identified that the business has
neglected the use of both traditional as well as
modern tools and techniques of marketing and
promotion (Weinstein, and Pohlman, 20150.
People are not even aware about Little Collins St
Kitchen and the kind of food and services it is
offering.
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CONSEQUENCES OF THE PROBLEM
There are wide ranges of consequences of not
having a marketing strategy or plan and the
consequences are mentioned below as:
Decline in sales and profits
Customers are not aware of the business
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CONTD.
Competitors – It has been also identified that
other small restaurants in Melbourne are placing
some efforts in marketing and promotion and the
efforts have resulted in enhancing their overall
competitiveness (Wagner & Eggert, 2016).
Low market share- It is another major
consequence which the business is facing
because of the identified problem.
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STRATEGIES TO RESOLVE THE
PROBLEM
Developing a marketing plan
It is the best and most appropriate way through which the
business can resolve the issue which it is facing.
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CONTD.
Advertisement on local newspapers and magazines -
Little Collins St Kitchen should also focus on placing
ads of its products, services and special offers in the
local newspaper and magazines as it will help in
creating demand among people in the target market
(Bresler & Lubbe, 2014).
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CONTD.
Social media and email marketing - The use of social
media and email marketing is the most suitable strategy
which can assist Little Collins St Kitchen to deal with
and overcome from the issue or problem faced (Foxall,
2014).
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CONCLUSION
It can be concluded that Little Collins
St Kitchen has created high degree of
satisfaction among customers through
high quality and fast services.
Customers are also satisfied with the
European and French food and
ambiance of the restaurant
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CONTD.
It can be inferred that the management is
required to understand the need and importance
of marketing plans and strategies
Low sales, profits and market share have been
identified as the major consequences of the
problem faced by Little Collins St Kitchen
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RECOMMENDATIONS
It is suggested that a mix of traditional and
digital marketing tools and techniques should be
employed by Little Collins St Kitchen.
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CONTD.
Little Collins St Kitchen should appoint a digital
marketing expert who can be provided with the
responsibilities of developing, implementation
and monitoring of the marketing plans and
strategies.
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REFERENCES
Bresler, M. & Lubbe, I., 2014. Marketing
management. Abingdon: Routledge
Chernev, A., 2018. Strategic marketing
management. London: Cerebellum Press.
Foxall, G., 2014. Strategic Marketing
Management (RLE Marketing). Abingdon:
Routledge.
Little Collins St Kitchen . 2018. [Online].
Retrieved from: <
https://www.lcskmelbournerestaurant.com/co
ntact/>. [Accessed on 4th October 2018].
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CONTD.
Miquel-Romero, M.J., Caplliure-Giner, E.M. &
Adame-Sánchez, C., 2014. Relationship marketing
management: Its importance in private label
extension. Journal of Business Research, 67(5),
pp.667-672.
Wagner, S.M. & Eggert, A., 2016. Co-management
of purchasing and marketing: Why, when and
how?. Industrial Marketing Management, 52,
pp.27-36.
Weinstein, A. & Pohlman, R.A., 2015. Customer
value: a new paradigm for marketing
management. In Proceedings of the 1997
Academy of Marketing Science (AMS) Annual
Conference (pp. 132-133). Springer, Cham.
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