Strategic Marketing MG529: Company Audit and Objectives Presentation

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Added on  2023/06/17

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This presentation provides an overview of strategic marketing principles applied to a company audit, exemplified by TESCO. It encompasses key elements such as market analysis, competitor analysis using SWOT, and macro-environmental factors through PESTLE. The presentation further includes consumer and stakeholder analyses, detailing the 'who, what, where, when, and why' of consumer behavior and the dynamics between stakeholders with varying levels of power and interest. The conclusion emphasizes the importance of strategic marketing for enhancing organizational performance through effective promotional practices. Desklib offers a wealth of similar resources for students seeking academic support.
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STRATEGIC MARKETING
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TABLE OF CONTENT
Introduction
Marketing
Competitors analysis and swot
Consumer analysis
Stakeholder analysis
Conclusion
References
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INTRODUCTION
Strategic marketing is concerned with planning, monitoring analysing and monitoring
through utilizing different kinds of disciplines in order to developing and maintain ng
crucial competitive advantages.
The current report is based on TESCO which is one of leading supermarket in UK.
Present report will involve several different aspects that can help to gain deeper
knowledge about specified company.
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MARKETING
It is basically promoting and advertising goods and services in effective manner through using different strategies of
marketing (Morgan and et.al., 2019). TESCO as being international organization use print and media adverting and
digital practices.
Market size & trend data
TESCO as being multinational retailer offers products to both domestic & international markets hare
whose size is valued at £25.19 billion in current time.
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COMPETITORS ANALYSIS
SWOT analysis
Strengths
Largest company of UK and has strong
presence on LSE
Diversified range of products & services (Liu
and Chen, 2021).
private label brand
Multiple award holder and tech advantages
Weaknesses
Account Fraud scandals
Less operating profit
Low cost effective technique
Financial errors
Opportunities
Emergence of digitization increasing sales
Alliance with other brand
New emerging market due to expansion of
Jack’s store
Threats
Fake farm
Brexit deals
Higher competition due to increasing number
of rivals.
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MACRO FACTOR AFFECTING TESCO
(PESTLE ANALYSIS)
Political factors
Political stability
Tax rate
Tariff rate
Economical Factor
Unemployment rate
Saving & interest rate
GDP rate
Social factor
Consumer shopping behaviour
Taste preferences
Attitude and belief of customer
Cultural values, etc
Technological factor
Advanced technologies
Emergence of digitization
Legal factor
Industrial laws & legislation
Employment law
Government rules & regulations
Environmental factor
Standard rule of utilization of
environmental resources
Reduction of pollution, etc
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CONSUMER ANALYSIS
Who - cost conscious individuals which is targeted by considering all four
factors like psychographicc, behavioural, demographic and geographic.
What - the major users are households and uses for accomplishing their day to
day need regarding groceries and merchandise commodities
Where- From retail outlets and online stores
When - promotions impacts sales at the time of season and purchase is
conducted frequently.
Why- less cost, high qualities, brand image, etc. enable customer to buy
(Mothersbaugh and et.al., 2020).
Why not- ineffective feedback resolving capacities, etc. Forces to not buy.
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STAKEHOLDER ANALYSIS
Keep satisfied (High power, low interest)
Director
Contractors
Sales team
Investors
Customers
Manage closely (High power, higher interest)
Leaders
Managers
Executives
Monitor (Low interest, low power)
It supporter
Consulting admin
Keep informed (High interest, low power)
Internal users (management)
Suppliers
Trainers
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CONCLUSION
From the above report it can be concluded that strategic marketing is essential for improving
organizational performance through conducting effective promotional practices.
Present study has involve market size & trend which is increasing as compared to previous year.
current report has given emphasis on conducting SWOT and PESTLE analysis.
in addition to this, present case study has involved customer analysis that has allowed to evaluate
what , who, when , why, etc regarding targeted audience.
stakeholders analysis has been done in present study so that relationship between high power , interest
with low can be identified.
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REFERENCES
Books and journals
Liu, Y. and Chen, W., 2021. Optimization of Brand Marketing Strategy of Intelligent Technology under
the Background of Artificial Intelligence. Mobile Information Systems, 2021.
Morgan, N.A., and et.al., 2019. Research in marketing strategy. Journal of the Academy of Marketing
Science. 47(1). pp.4-29.
Mothersbaugh, D. L. ., and et.al., 2020. Consumer behavior: Building marketing strategy. McGraw-
Hill Education.
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