TESCO Marketing: Analyzing Operations, Environment, and Strategies

This report delves into the marketing operations and strategies of TESCO, examining its approach to the marketing mix, including product, price, place, and promotion. It explores the concept of marketing, its various roles, and its relationship with the wider organizational context, including the importa...Read More

Unit 2

Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
REFERENCES................................................................................................................................1

INTRODUCTION
Marketing is known as the activities and plans which are apply by the employer and the
company so ad to enhance their service and products in the market. The term marketing is
accounted as a crucial activity so as to make the services and goods informed for the service user
and they are known about the various features of the services and goods. Marketing is a vital
function of the organisation as it assists in the promotion and selling of services and goods with
an ultimate aim of making profit. Marketing is also beneficial in exchange and transfer of
products. In this project, the TESCO organisation has been selected so as to show its different
marketing activities and also introduce the new products of the organisation in the market
(Åberg, 2020).
MAIN BODY
P1 Describe the concept of marketing operation and marketing including the various role
and areas of marketing.
Marketing is the process and fine art of evolving keeping and executing an interchange
relationship. The marketing-mix start with the drag the consumers, making a relationship with
costumers and finally, fulfilling their requirements. Marketing is a large concept which includes
different elements that should accounted by the businessmen so as to execute the different
marketing activities efficiently and effectively (Berman and Thelen, 2018). The concept of
marketing is accounted as a vital activity, some of the marketing concepts are mentioned below:
 The production Concept: Production concept is trust that states represents the users
would always take products which are more readily available and cheaper. It is very
crucial to an economy where certain material can be mass generated to customers
keeping the cost low. Production concept is appropriate in a new business which is not
fulfilled with competition. More you made, more customer you gained. Managers
focusing on this concept to achieve the high production, collective arrangement and low
market cost.
 The selling concept: The selling concept is a integral part of Management of marketing
and one of some concept which make up a strategy for marketing. A selling concept
evaluates selling and buying impacts to place the concentration primarily on producing
transactions of sales. Sales concept place priorities on the products the costumer may not
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necessarily need or ordinarily procure. Today's sales concepts has developed to suppose
the consumer will procure the goods if they do or without regret, their feelings will not
linger and the consumer will procure the goods again in the upcoming date (Iordache,
Mihalcescu and Sion, 2021).
While the marketing concept concentrate on evolving new goods, the selling concept suppose the
goods will not sell without a impactful sales effort.
The term “marketing operation” are known as the broad term, which explains the
utilisation of marketing system, procedure, technology and including peoples that allows selling
to go with profit and to scale with uniformity and choice. The TESCO is a big firm which is
established on the key values of giving the consumer satisfaction and another qualities so as to
provide the huge gratification and also by fulfil their desires and requirements. The firm has the
hierarchical based or tall structure which is too difficult and complex to handle. TESCO is a very
well managed and reputed company which make it more efficient and impactful. The firm uses
various tactics and plans for handling different marketing policies and operations to provide the
effective services. The final aim of the firm is to promote that products which can provide the
highest values and can add to their benefits and profits (Matušínská and Stoklasa, 2019).
some marketing strategies of TESCO are discussing below:
 The promotional plans of TESCO are too much different as they concentrate on
fascinating the different consumers from the various part of market. The organisation
makes the appropriate usage of the natural as well as the human resources so as to
provide the best services through its firm. The organisation is too much attentive and
concentrate towards providing the final aim of giving satisfaction to the consumers.
 The marketing plans of the TESCO is associated with promoting the brand image and
brand positioning to the consumers so as to make the brand more efficient and effective
to the consumers. The term marketing is accounted as a crucial part of any business that
should be encouraged in such a fashion so that it can achieve the highest benefits by
fulfilling the goal of organisation.
 The TESCO PLC is also encouraging its different plans which also involves the E
commerce plan, online grocery shopping such as, it also making the way of online
shopping and and digital marketing so as to enhance the approach of customer towards
the services and products that are given by the TESCO PLC.
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The above mentioned marketing operations and marketing strategies encouraged the best
probable way by the firm so as to get the highest profits and advantages by the targeted
consumer of various parts of the market (Middlestadt, and et. Al., 2018).
P2 Describe how the marketing function relates to the wider organisation
The company has different functions which associates to the wider organizational
context. Some necessary functions are given below:
 The marketing is also associated with creating the impactful relationship with the worker
and with its customers too. So, that it can keep effective balance with its customer and
within the company.
 The concept of marketing involves future and current fashions as well, the concept of
marketing is directly associated to the different features of business as it is a large
concept, concentrating on different areas like, production concept, selling concept, and
another sections like concentrating on the marketing plans so by creating the optimum
and best use of their reservoirs by creating it more efficient in promoting products
features and values to the consumers (Shuotie, A. and Wanitwattanakosol, 2021).
 The direct strategies of marketing is also associated with the improvement of the
company. As it also assists in enhancing the consumer gratification with having the
highest advantages of getting the benefits with also fulfilling the aim of firm as well. The
TESCO marketing is also well impactful in assisting the firm to maintain its popular
reputed place. The marketing of TESCO is also beneficial in making it well efficient and
effective so as to make the business relationships with another countries and also it has
motivate the organisation to handle its operational capability and different other
functions successfully in the way of getting the aim of company. TESCO is a large firm
having more complex operations, but the strategies of marketing are manage well with
the context of firm as well.
M1 Evaluate the role of Marketing in terms of marketing environment
The term marketing environment consists all the external and internal elements that can
affects the company indirectly or directly. The managers of marketing should be focus to the
activities of marketing and its different functions so that they can enhance different functions and
operations efficiently and effectively (Stevens, Loudon, Wrenn, and Warren, 2021). The
marketing culture is not static in nature as it regular changes according to the desire and
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requirements of the consumer. Marketing should be completed well with the environment of
marketing so as to create appropriate balance between both these activities.
M2 Evaluate the importance of interrelationship between marketing and another
operational units of an organisation.
Marketing is necessary because it assists the firm to sell their services and products. The
lowest line of any business is to create monetary system more stronger and it is a necessary
transmission channel to achieved that final goal. Virtual explained which without marketing
more businesses would not continue because marketing is the ultimate what operates selling.
Marketing is very well associated with one and all area of the firm and it is also known as a vital
part of the firm or the company (Thomas, Fay, and Berry, 2020).
D1 Critically evaluates the internal and external environment in which the marketing function
operate:
The marketing culture of a company exist to the external and an internal environment.
The internal culture is firm specific and consist workers, machines, owners, materials and so on .
The external environment is split into two segments like, macro and micro. The macro culture
includes of those elements which can affect the organisation and business indirectly, such as
environmental factors, political factors and so on. The micro culture is associated with the
elements which directly affects the company and are available in the firm only (Stewart, 2019).
P3 compare the ways in which various companies apply the marketing-mix to the
marketing planning process to gain business aims.
Marketing Mix of TESCO
Product- TESCO is functioning in issuing a many kinds of goods to their consumers
which will provide them too much choices and inhibits them to move towards other stall in the
market. Organisation mainly concentrates on providing quality to their goods due to the
enhancing health awareness among the customers. TESCO trusts in generating the products of
different varieties to all the parts of the consumers by recognising their preferences and tastes to
the goods in the market.
Price- The value of the goods which are given by TESCO is appropriate to the person who
related with various income groups. Firm is come along with the price leadership plan which
concentrates on decreasing the price of the goods which are given to the consumer to improve
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the revenue of the organisation. It gives permission to organisation to fascinate all those
consumers in the market who are looking to the better quality of goods in the affordable cost
range (Valinejad, Abasi, Saeidi and Mostaghimi, 2021).
Place- Being a biggest retail company of UK, TESCO is attempting to elaborate its business in
various nations which enhance it chances to enhance their market share in the other emerging
countries. Organisation is also selling its good to the human being by offline and online medium
and also provides the home delivery facility of goods to those consumers who are procuring
products by their websites.
Promotions- TESCO is making different innovative promotional plans to advertise its goods to
the highest consumers all over the world. Firm is also providing various charitable programs and
discounts to enhance the good will of the firm against their contender. TESCO is also giving
loyalty cards to its regular consumers to maintain a good relation with them to a long periods. All
these promotional creatives activities through TESCO assists in getting its fixed firm's aim
(Yudakova, 2021).
M3 Review tactical approaches and strategies applied by the firms to demonstrate how
business aims can be gained successfully
The organisation and the business has the single goal to get the targeted objective or goal,
so that they can be success and can enhance their growth also. There are different routes through
which the final target of a company can be gained. The TESCO PLC can select these routes so
that it can select an efficient and effective route to fulfil the goals of organisation. Like,
recognising the objectives and goals, tracking the aims in the visible place, describing the clear
achievement and linking those activities to the goals and milestones as well (Berman, and
Thelen, 2018).
D2 analyse tactical approaches and strategies to the marketing-mix in achieving overall
objectives of business.
Strategic marketing associates with the marketing action plan with the long and short
term goals of company in mind. The strategical marketing keep the strategies to life with take
part in the different measurement and detail. They work collectively but differently, to assist the
firm fulfil their aims efficiently and effectively (Biroscak, Schneider, and et. al., 2018).
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P4 Evolve a marketing plan that consists crucial elements of marketing planning to a firm
to get marketing objectives.
A marketing plan is the strategy of advertisement that a firm will use to sell its products.
The marketing program will assist to find the target for the market, way to reach them, and the
price to service should be sold and the way, company standards its efforts. Various marketing
teams have employed different selling strategies for the company all of which work towards the
same organisational goal. The implementation of marketing plan is crucial for delivery of
maximum customer satisfaction along with adding a unique value to the customers. The Tesco is
a huge retail company that is able to achieve its organisational objectives by maintaining an
effective marketing plan which adds value to other products and services offered by he company
such as household items, grocery items and other services. The market plan opted by Tesco for
the launch of its latest luxury product in the competitive market is given below: Market strategy: The main aim of the marketing strategy is to attract their targeted
customers in the market. The marketing strategy also included implementation of an
effective pricing policy to lure customers from different sections of the market. Better
marketing measures will be implemented by the firm for promotion of the new product
and services (Mohapatra and MV, 2021). Target market: The targeted customers of Tesco PLC are mostly high class individual
that prefer high quality packaged food items. The main focus of Tesco should be on their
quality to increase their popularity among all segments of individuals. Target audience: Target audience refers to the individuals in the market for which the
product was developed. Individuals interested in bargaining sales and people who value
variety in products are the target audience of Tesco PLC. Marketing channels: Various distribution channels of the organisation are both online
and offline. There are thousands of retail stores that are operating under the name of
Tesco. All these stores use effective channel mediums for delivery of products to the
targeted audience.
 Product offering: The organisation produces a variety of products such as food items,
clothings, stationary and cosmetics. The short term goal of the organisation is to expand
its products in the luxurious category, which are different and unique from its
competitors. The company has employed various strategies to attract customers from all
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segments and increase the demand of the product in the market (Moore and Brannen,
2018).
A legitimate plan has been prepared by the company for financial viability which is given
as follows:
Particulars Year 1 Year 2 Year 3 Year 4 Year 5
Opening Capital 0 1500000 1090000 835000 573000
Investment 2000000 0 0 0 0
Total 2000000 1500000 1090000 835000 573000
Marketing Outflow
Marketing 350000 250000 175000 185000 175000
Publicity 100000 85000 80000 77000 90000
New Product
Development 50000 75000 0 0 0
500000 410000 255000 262000 265000
Closing Capital 1500000 1090000 835000 573000 308000
M3 A review of different strategies and approaches implemented by the organisation for
achievement of the business objectives
The tactical approaches are used the Tesco PLC to achieve their targeted objectives.
These strategies are also used to monitor the progress of the employees and the functioning of
other operations conducted in the organisation. The targeted goals of the company along with
other their needs can be achieved by converting the long term strategies into short term tactics.
The promotion of luxurious goods in the market can be facilitated with the help of effective
marketing strategies (Bhaskar, Flower and Sellers, 2019). These approaches will help Tesco to
achieve their required organisational goal.
D2 Evaluating strategies for marketing mix to achieve overall objectives of the business
Strategies are basically “particular plan of action” which determine the procedures that
are supposed to be followed for achieving the desired goal of the business. The various other
tactics that are opted by the organisation employ the use of marketing-mix and other promotional
procedures for management of promotional goods and services (SPARKS, 2018). The generation
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of luxurious products by Tesco PLC is done through various strategies and effective marketing
tools.
P5 Production of a media plan for promotional activities along with the rationale objectives of
marketing campaign
Media plan refers to the marketing and publicity of the services and products developed
by the company for its target audience. The promotion of these services on various digital
platforms will help Tesco achieve its business objectives. These digital platforms are chosen
based on the preferences and taste of target customers and the general public (Behera and et. al.,
2020). The media plan of an international company such as Tesco PLC is supposed to be
effective and efficient. Given below are the various components of the marketing plan which are
opted by Tesco PLC for delivery of best possible services to its potential customers.
The first and foremost step is the selection of media channels which are either traditional
or modern. Newspapers, print media and advertisements are some of the traditional mediums that
are used however, the effectiveness of traditional channels is less compared to modern channels.
Modern channels of media include digital marketing tools and several other platforms which are
used by Tesco PLC for creating promotions about the features and qualities of new products and
services (Trewern and et. al., 2021). The promotion of luxurious products should be done
through modern channels of media. Various digital marketing platforms such as Instagram ,
Facebook etc. are used to digitally promote the product to the targeted audience. A budget plan
prepared for promotional activities is listed below, appropriate procedures are implemented to
ensure adherence to budgetary requirements.
Particulars Year 1
Opening Capital 0
Investment 2000000
Total 2000000
Marketing Outflow
Social Media
Instagram 20000
LinkedIn 10000
Facebook 15000
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Publicity 100000
New Product
Development 50000
195000
Closing Capital 1805000
M5 Selection of appropriate social media channels for formation of a communicative campaign
The various forms of digital media platforms used by Tesco PLC are: Instagram: Instagram is one of the most widely used digital media platform all around
the world by youth. There is a specific position of Instagram in terms of promotional in
the competitive market. Therefore, Tesco PLC can employ measures to promote the
luxurious packaging of food items so as to attract the target audience. Tesco PLC should
also opt for features on Instagram which will make the product look more exciting and
interesting to lure the customer into buying the product (Pandey, Nayal and Rathore,
2020). Facebook: Facebook is a digital platform used to promote products to mass public at the
same time. This technique of promotion can be used by Tesco PLC to advertise
luxuriously packaged food item. The product will be advertised to a large number of
people at the same time and more people will become aware about the product offered by
the company.
 Website: Tesco PLC can develop a website of their own and promote the product so that
the customer can be in direct contact with the company. Through this method of
promotion, the company can further introduce more products and services offered in the
long run (Krishen and et. al., 2021).
D4 Give a justified merged multimedia plan supported on a quantitative and qualitative criteria
With the help of social media, the qualitative researchers in the organisation have the
right over a large and diverse class of people, and their respective content. Quantitative analysis
provides the business with the crucial data on their personal messaging devices relating to their
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competitors (Mogaji, Soetan and Kieu, 2020). It also provides the business with an in-depth and
essential reasoning of how the media views the brand of the company.
CONCLUSION
From the above report it can be concluded upon that various different kinds of processes
and concepts are available in today's times that help businesses in their marketing strategies and
plans in the international markets globally. In this report, the organisation Tesco has been chosen
to showcase the marketing environment of the concern with respect to the functioning and
operations of the company. Also, a discussion relating to the marketing mix of the company
which is applied in the international market for expanding and marketing the business of Tesco
globally is also explained. The different schemes and plans are also elaborated so as to define it
clearly and in an understanding explanation.
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