Categories: Marketing

Strategic Marketing and Analysis of Marketing Plans

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<h2 align&equals;"justify">Analysis of Morrison&comma; Asda&comma; Tesco&comma; and Iceland<&sol;h2>&NewLine;<p align&equals;"justify">In the UK&comma; the superstore and supermarket have been producing various products&period; In 2002&comma; trade transactions of foodstuff &amp&semi; superstores reached a predictable £83&period;68 billion&period; The marketplace consists mainly of large sequences&comma; with openings to entering&period; Besides&comma; these are the smaller operations in the area chains &amp&semi; these have been increasing across the country&period; Moreover&comma; they had a limited selection of advertising prices&period; In general&comma; these companies act as the European Union &amp&semi; provide essential food goods for the secondary purpose&period;<&sol;p>&NewLine;<p align&equals;"justify">UK supermarket is conquered by one of the main British companies&comma; for example&comma; Morrison&comma; Asda&comma; Tesco&comma; &amp&semi; Iceland&comma; while the US vendor Wal-Mart purchased Asda Ltd&period; Tesco has substantially increased its growth in Asia &amp&semi; Central Europe &amp&semi; Morrison is in the interests of the United States&period; These superstores that had been drawing might not avoid the straight rivalry with one other&period; Dissimilar superstores had different plans&comma; &amp&semi; so they are damaging to trap a somewhat different kind of clients&period; The purchase of Wal-Mart&&num;8217&semi;s in 1994 has enabled the business to propose a wider range of non-food stores&comma; a move that was moreover surveyed by Tesco&period; Most main multi businesses provide more &amp&semi; more non-food lines of his plans for future development as a way to compete with Wal-Mart&period; Superstores are gradually removed from old basic nourishment lines to contain a wider range of creations &amp&semi; facilities&period; New technologies are implemented throughout the source sequences to track food &amp&semi; increase the mechanization of delivery systems&period; <&sol;p>&NewLine;<p align&equals;"justify">Superstores &amp&semi; department stores have been an integral part of retailing&period; They account for a vital portion of total foodstuff deals&comma; &amp&semi; those shares have increased progressively from 1994&period; During this period&comma; the marketplace share of superstores remained&comma; &amp&semi; the cost of expenses &amp&semi; smaller retailers&period; Shops have become slowly vital for the non-food products&comma; counting non-prescription medicines&comma; clothing&comma; electrical goods&comma; music &amp&semi; videos&period; Many large chains are gradually linked to the sale of financial products&comma; often in collaboration with British stores&period;<&sol;p>&NewLine;<h2 align&equals;"justify">How Marketing techniques and Tools can Support the Strategy of an Organization and how this Impacts on the Marketing Plan<&sol;h2>&NewLine;<p align&equals;"justify">One aspect of a marketing plan affects all the other activities that are critical in eliminating the interference to the maximization of profits&period; Traditionally the marketing plan looks at all the areas within the company&comma; and support the consequent steps and activities&period; The superstore manufacturing companies&comma; for example&comma; Morrison&comma; Asda&comma; Tesco&comma; &amp&semi; Iceland ought to follow an integrated plan and strategy that will target individuals more&comma; and that will be concerned with specific marketing tactics&period;&nbsp&semi; The four examples of manufacturing companies mentioned are superstores that try different strategies at every stage&period; The plans for all the phases of the marketing plan would ideally depend on the similar places&period; The strategic placement of the organization is dependent on the many marketing techniques used by the companies&period; In some cases&comma; the marketplace development speed is small&comma; &amp&semi; the alteration in development speed may be witnessed in Morrison&comma; &amp&semi; Tesco&period;<&sol;p>&NewLine;<p align&equals;"justify">The businesses ought to focus on investigation and growth&period; In the case of leading companies such as Morrison&comma; Tesco&comma; Asda&comma; &amp&semi; Iceland&comma; they ought to capitalize on these properties &lpar;Bolton&comma; and Shankar 2003&rpar;&period; Reduction &amp&semi; payment had been valued to purchasers who purchase large capacities of things in Iceland&period; Reductions deliver an inducement to the client to purchase after many different foundations&period; The higher price of a new product to get maximum revenues is prepared in Asda&comma; &amp&semi; Tesco&comma; to the segment to get a high price&semi; the business makes less but profitable&period; The lowering of businesses is a typical marketing tactic used by giants in the industry&period; Simply&comma; it attracts more customers and the number of sales increase&period; As the publicity and advertisement are more common of the product&comma; it becomes an efficient market placement of the product&period; Morrison attracts the low price of the new product to a large sum of consumers &amp&semi; a meaningful market segment&period; Asda remains at that phase that when the transactions start rising quickly&period; The marketplace development speed has developed massively in Tesco &amp&semi; the alteration in development speed rises quickly&period; The chief beneficial approaches will be concerning the manufacturing &amp&semi; construction in Morrison&comma; Tesco&comma; Asda&comma; &amp&semi; Iceland&period;<&sol;p>&NewLine;<p align&equals;"justify">Incomes growth increases throughout the development phase Morrison&comma; &amp&semi; Iceland as raise prices are fast over a vital capacity &amp&semi; as a division developed prices reduction campaigns&period; The business practices plan to preserve fast development in the Tesco&comma; &amp&semi; Iceland&period; It recovers product superiority &amp&semi; adds new invention structures &amp&semi; designs&period; Asda moreover manufactures new marketplace segments &amp&semi; attempts to expand auctions following new delivery stations&period; These strategies moreover involve the demand for advertising&comma; product awareness &amp&semi; acquisition of construction products&comma; lower prices to draw more purchasers in Tesco&comma; Morrison&comma; Asda&comma; &amp&semi; Iceland&period; By consuming a lot of cash on the elevation &amp&semi; delivery of product development&comma; these companies could take a leading view&period; &lpar;Chevalier&comma; et al&period;&comma; 2003&rpar;&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p align&equals;"justify">It is important to note that in today’s ever-changing economic situations&comma; all the four companies are aiming at giving their best market performances&period; In order to achieve this goal&comma; the product ought to be attractive&comma; in addition to the prices&period; The management and executive department of these four companies should ideally analyze the customer needs and wishes to predict&comma; the organizational performance&period; The only method to ensure the competitive advantage is the competitiveness in the production of activities&period; The organizational performance is a chief issue in strategic management research&period; The relationship between the real performance and strategic management tools is important in benefitting the company&period;&NewLine;<&sol;p>&NewLine;<h2 align&equals;"justify">Determine Marketing Methodologies and Approaches that Contribute to a Marketing Plan within Complex Organizations<&sol;h2>&NewLine;<p align&equals;"justify">Within the context of a complex organization&comma; the slow changes are important for growth and necessary change&period; The development phase is very integral in contributing to the lengthier and proceeding stages&period; This puts a responsibility on the marketing management&period; Many marketing analyses may be done such as the PESTLE analysis&comma; SWOT&comma; BPG Matrix&comma; and the correct usage of the marketing mix&period; Slowing sales growth leads to some manufacturers of many creations to end&period; This leads to the excessive contest&period; Morrison&comma; Tesco&comma; &amp&semi; Iceland are going successfully to reduce values&comma; increase publicity &amp&semi; sales elevation&comma; &amp&semi; to raise their R &amp&semi; D budget to find a better version of the produce or region&period; These stages may lead to reduced performance&period; <&sol;p>&NewLine;<p align&equals;"justify">Many at times&comma; the weak competitors results in the betterment of the current business&period; There have been many goods in the mature phase of change in Morrison&comma; &amp&semi; Tesco&comma; to meet the altering requirements of consumers&period; Product managers should do more than just riding along with improved goods &amp&semi; protect the philosophy of Tesco&comma; &amp&semi; Iceland&period; They should bounce the resourcefulness &amp&semi; look for new habits to revolutionize in the marketplace or change &lpar;R &amp&semi; D&rpar; &amp&semi; marketing&period; Morrison&comma; Morrison&comma; &amp&semi; Tesco that had a strong competitive position in comparison with the profit strategies will work&comma; while Asda&comma; &amp&semi; Iceland with the weak competitive position have to control the asset approaches &lpar;Competition Commission 2000&rpar;&period;<&sol;p>&NewLine;<p align&equals;"justify">To employ the correct marketing strategy&comma; it is important for the companies to encompass all the factors lacking in the workplace&period; In the case the company lacks the technological aspect&comma; it ought to be updated&period; The only practical application will not help the company in succeeding&period; It is critical to study the marketing theories systematically&comma; and the approach is traditionally used by the best law schools in the world&period; The design not only represents the company&&num;8217&semi;s success&comma; but also includes the design&comma; intuition&comma; programs&comma; and environmental analysis&period;&nbsp&semi; &NewLine;<&sol;p>&NewLine;<h2 align&equals;"justify">Address Risks associated with the Marketing Plan<&sol;h2>&NewLine;<p align&equals;"justify">The Microenvironment could be considered as the powers to the Morrison&comma; Tesco&comma; Asda &amp&semi; Iceland that affects its aptitude to serve its clienteles &&num;8211&semi; the business&comma; the marketplace channel business&comma; marketplace consumers&comma; competitors &amp&semi; the general public&period; The macroeconomic environment is regarded as the main social forces that affect the complete environment &&num;8211&semi; the economic forces&comma; natural&comma; demographic&comma; political&comma; technological&comma; &amp&semi; cultural&period; The threat of new applicouldts is considered weak&comma; &amp&semi; it is since of various details&period; Concerning product difference in existing trades&comma; grocery marketplace&comma; has constructed a robust make standing &amp&semi; strong client loyalty in the long run&period; Four chief players Tesco&comma; Morrison&comma; Asda&comma; &amp&semi; Iceland&comma; control a huge part of the marketplace&comma; &amp&semi; have offices nationwide&comma; in the context of the investment abroad&period; Therefore&comma; it could be tough for new entrants to compete with the capital necessities for these businesses&period; <&sol;p>&NewLine;<p align&equals;"justify">These investments may moreover be considered a high risk&comma; which could moreover be viewed as resistance&period; The risks of Tesco&comma; Asda&comma; Morrison&comma; &amp&semi; Iceland moreover involves the access to the distribution channels of the problem&comma; since the area of the existing distribution channels to achieve the difficult to access new distribution channels in progress&comma; &amp&semi; it’s hard to determine&period; Small shops substituent the few dangers of superstores&period; There has been a general trend that people are more similarly to cook&comma; but still want the benefits of peace &amp&semi; comfort&comma; &amp&semi; this leads to the notions that home cooking is preferred for the approaches of eating&comma; whether it&&num;8217&semi;s a quick snack or restaurants&period; If the superstores continue to expand its range&comma; coming up with new modern notions&comma; the concept is that this trend will carry on in the coming year&period;<&sol;p>&NewLine;<p align&equals;"justify">A risk assessment process is seen that helps identify the problems in the company and responds to the losses in the company&period; The one thing that should be known by these manufacturing companies is the taraget market&comma; Miscalculation in the target market will expose many risk factors&period; Big players typically do not lack in the branding portion of the marketing pursuits&period; It is the small distrbiutors in the market that have not had enough time to brand their name&period; Tesco&comma; Asda&comma; Morrison&comma; &amp&semi; Iceland keep on top of the industry by staying competitive with private owned businesses&period; <&sol;p>&NewLine;<p align&equals;"justify">In case the competitors do not assess the trends&comma; the company’s bottom line may be at risk&period; The plan is carefully scheduled in the case of the bigger corporations&period; The automatic processes of sales in corporations such as Tesco&comma; encompasses the new trends in technology&comma; and already overcomes the first possible risk of creating a new marketing plan&period; The trends in shopping change&comma; and the plans include newer methods of appealing to the audiences&period; In the end&comma; all the methods used by Tesco&comma; Asda&comma; Morrison&comma; &amp&semi; Iceland&comma; are tracked&period; The success of employing newer methods is assessed with the number of sales&period;<&sol;p>&NewLine;<h2 align&equals;"justify">References<&sol;h2>&NewLine;<p align&equals;"left">Bolton&comma; R&period; N&period; and V&period; Shankar &lpar;2003&rpar;&period; &OpenCurlyDoubleQuote;An Empirically Derived Taxonomy of Retailer Pricing and Promotion Strategies&comma;” Journal of Retailing&comma; 79&lpar;4&rpar;&comma; pp&period; 213–224&period; <br &sol;>&NewLine;Competition Commission &lpar;2000&rpar;&period; Supermarkets&colon; A Report on the Supply of Groceries from Multiple Stores in the United Kingdom&comma; Cm 4842&comma; TSO&period; London&period; <br &sol;>&NewLine;Competition Commission &lpar;2003&rpar;&period; Safeway plc and Asda Group Limited &lpar;Owned by Wal-Mart Stores Inc&rpar;&semi; Wm Morrison Supermarkets PLC&semi; J Sainsbury plc&semi; and Tesco Plc&colon; A Report on the Mergers in Contemplation&comma; Cm 5950&comma; TSO&comma; London&period; <br &sol;>&NewLine;Competition Commission &lpar;2008&rpar;&period; The Supply of Groceries in the UK&colon; Market Investigation&comma; Competition Commission&comma; London&comma; 30 April&period; <br &sol;>&NewLine;Dobson&comma; P&period; W&period; &lpar;2005&rpar;&period; &OpenCurlyDoubleQuote;Exploiting Buyer Power&colon; Lessons from the British Grocery Trade&comma;” Antitrust Law Journal&comma; 72&lpar;2&rpar;&comma; pp&period; 529–562&period; <br &sol;>&NewLine;Dobson&comma; P&period; W&period; and M&period; Waterson &lpar;2008&rpar;&period; &OpenCurlyDoubleQuote;Chain Store Competition&colon; Customized vs&period; Uniform Pricing&comma;” Warwick Economic Research Papers No&period; 840&period; <br &sol;>&NewLine;Ellickson&comma; P&period; B&period; and S&period; Misra &lpar;2008&rpar;&period; &OpenCurlyDoubleQuote;Supermarket Pricing Strategies&comma;” Marketing Science&comma; 27&lpar;5&rpar;&comma; pp&period; 811–828&period; <br &sol;>&NewLine;Gilbert&comma; D&period; &lpar;1999&rpar;&period; Retail marketing management&period; Financial Times Management&period;<br &sol;>&NewLine;HMSO&period; Seaton&comma; J&period; S&period; and M&period; Waterson &lpar;2013&rpar;&period; &&num;8220&semi;Identifying and Characterising Price Leadership in British Supermarkets&comma;&&num;8221&semi; International&nbsp&semi; Journal of&nbsp&semi; Industrial Organization&comma; 31&lpar;5&rpar;&comma; pp&period; 392–403&period;<br &sol;>&NewLine;Hosken&comma; D&period; and D&period; Reiffen &lpar;2001&rpar;&period; &OpenCurlyDoubleQuote;Pricing Behavior of Multi-Product Retailers&comma;” Working Paper No&period; 225 &lpar;revised&rpar;&comma; Bureau of Economics&comma; Federal Trade Commission&period; Hosken&comma; D&period;&comma; and D&period;<br &sol;>&NewLine;Hosken&comma; D&period;&comma; D&period; Matsa&comma; and D&period; Reiffen &lpar;2000&rpar;&period; &OpenCurlyDoubleQuote;How do Retailers Adjust Prices&quest; Evidence from Store-Level Data&comma;” Working Paper No&period; 230&comma; Bureau of Economics&comma; Federal Trade Commission&period; <br &sol;>&NewLine;IGD &lpar;2005&rpar;&period; Grocery Retailing 2005&period; Institute of Grocery Distribution&comma; UK&period; <br &sol;>&NewLine;Levy&comma; D&period;&comma; H&period; Chen&comma; S&period; Ray&comma; and M&period; Bergen &lpar;2004&rpar;&period; &OpenCurlyDoubleQuote;Asymmetric Price Adjustment in the Small&colon; An Implication of Rational Inattention&comma;&&num;8221&semi; Discussion Paper 04-23&comma; Tjalling C&period; Koopmans Research Institute&comma; Universiteit Utrecht&period; <br &sol;>&NewLine;McDonald&comma; J&period; M&period; &lpar;2000&rpar;&period; &&num;8220&semi;Demand&comma; Information&comma; and Competition&colon; Why Do Food Prices Fall at Seasonal Demand Peaks&quest;” Journal of Industrial Economics&comma; 48&lpar;1&rpar;&comma; pp&period; 27–45&period; <br &sol;>&NewLine;McGoldrick&comma; P&period; J&period; &lpar;1990&rpar;&period; Retail marketing&period; London&colon; McGraw-Hill&period;<br &sol;>&NewLine;Mintel &lpar;2005&rpar;&period; Food Retailing — UK — November 2005&period; Mintel Group&comma; UK&period; <br &sol;>&NewLine;Müller&comma; G&period;&comma; M&period; Bergen&comma; S&period; Dutta and D&period; Levy &lpar;2006&rpar;&period; &OpenCurlyDoubleQuote;Private Label Price Rigidity During Holiday Periods&comma;” Applied Economics Letters&comma; 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128–146&period; <br &sol;>&NewLine;Samli&comma; A&period; C&period; &lpar;1989&rpar;&period; Retail marketing strategy&colon; Planning&comma; implementation&comma; and control&period; New York&colon; Quorum Books&period;<br &sol;>&NewLine;Skrianka&comma; B&period; S&period; &lpar;2012&rpar;&period; &OpenCurlyDoubleQuote;The Geography of Grocery Demand in the UK&colon; An Evaluation of the 2003 Morrisons- Safeway Merger&comma;” Mimeo&comma; University of Chicago&comma; Harris School of Public Policy&period; <br &sol;>&NewLine;Verdict Research &lpar;2005&rpar;&period; Grocery Retailers 2006&comma; Verdict Research&comma; UK<&sol;p>&NewLine;<p align&equals;"justify">&NewLine;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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