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Diploma in Business
Unit Number and Title
Unit 16 Marketing Communication Planning
The Unit 16 Marketing communication planning assignment has been developed over the marketing communicational planning and related strategies. The marketing communicational processes and related theories are critically analysed by indentifying the tools of marketing. The basic marketing theory and the communicational theory are also analysed before developing the marketing planning. The effectiveness of the marketing and the features of it are briefly elaborated. The marketing communication strategies are developed over the global market approach of the organisation. Along with the life cycle management plan of the product marketing spending plan of budget and pricing plan is also described. By using Tesco as the chosen organisation the marketing planning has been developed. The company background has been given along with its range of products and services. The target market and its customers of Tesco have been profiled within this report.
Tesco is the leading brand in the grocery retail business in worldwide measure. It has been the third largest retail brand in the world. Through innovation Tesco has been leading in the supermarket industry. The brand has opened their first business store in 1929 in London. They invented different types of retail stores such as Tesco Metro for meeting the needs of local shoppers, Tesco Express which is the first Petrol station convenience store in UK. Later the organisation introduced the Club card which the first customer loyalty card in UK. With the joint venture with Royal Bank of Scotland and offers the customers a range of different financial services. Tesco is currently the largest CD retailer in UK. The organisation has been focusing over the products as well as the innovation process. Tesco has been able to manage 1.8% devaluation across the product lines. Frow et al. (2014) The organisation has been giving better shopping experience to the customers through online shopping, small stores, etc. Tesco.com has been generating sales which are more than £700 million as well as profits which are more than £35 million within business. The services of Tesco have been reaching 90% population within UK and have been handling more than 170,000 orders within a week.
As Tesco has been the retail store it has a wide range product. The store is mainly offering grocery products and other products and other products like fresh food, health and beauty products, frozen food, drinks, household products, magazines etc. They offer both food and non-food products to the customers. Frow et al. (2014). Grocery products are the most demanded products in Tesco. The various grocery products of different brands are offered by Tesco.
The success Tesco as the biggest supermarket has been the strategic use of the well targeted market. Business strategy of Tesco led the market insights through their club card loyalty program. They target the price sensitive customers and through their club card they offer value over low price. They offer finest range of products to the upmarket customers. The organisation has been targeting higher income customers for their high priced products. The Tesco is focusing over those customers who are willing to spend over high priced products. Cho et al. (2012) The brand is also targeting the online shoppers in current measures. With the increasing online shopping trend the shoppers of age 20-30 are being targeted by Tesco through online activities. The age group of 50-70 years are also targeted by Tesco on offering delivery services. The mass market customers are targeted through the programs like Every-day low price. The brand is also preferring geographical segmentation strategy for targeting different markets efficiently. The customers of different regions with different demographic features are targeted through market research. Frow et al. (2014) Different products by analysing the preferences of different customers in different regions are offered. The emerging geographical regions are targeted by Tesco for their business in order to have the base of customers who are able to pay higher prices for higher quality or value.
Marketing communicational tools are significant in achieving the marketing objectives. The marketing is related to the activities which are done to promote products to the targeted customers. Through the marketing communicational tools the organisation communicates with the customers. These tools are effective in maintaining the customer relationship. Through the marketing strategy the organisations like Tesco tends to achieve the competitive edge in the market through the marketing strategy and can generate profits and higher sales. Cho et al. (2012) The marketing strategies are efficient tools for the selling the products and making systemic approaches in the marketing. Marketing communicational tools are also referred as integrated marketing communicational tools. There are different communicational tools within the IMC such as advertising, public relations, online marketing, sales campaigns and direct marketing etc. These tools are used for promoting the similar messages of the brand to the customers. The marketing communicational tools which are chosen by Tesco have different characteristics:
The marketing strategy of TESCO is conducted over the philosophy of making the products available for the customers. Through the activities the Tesco has been guiding the shoppers in their shopping. The marketing activities are also used by Tesco for anticipating the needs of customers. (Cornelissen, 2014). The Tesco has been making targeted market campaigns by assessing the customer information through club card data and knowledge about local market. Different marketing activities by Tesco:
Through these activities Tesco tends to make their promotions and marketing approaches. The promotional messages are sent through these tools. Tesco also measures the customer preferences through feedback forms. This approach is important for brand loyalty to the customer.
The marketing communicational tools are used by Tesco to effect the perception of the customers towards the brand reputation and image. Tesco develop their marketing communicational tools on having market research. The communicational tools are useful for making market research and to know the decision making process
of the consumers. By analysing the buyers decision process the organisation can influence through better promotional tools and their execution. (Solomon, 2014) Through introducing locusassignments.as trail Tesco can influence the customer perception. During the purchase stage of the customers when the customers are in the stores Tesco staffs ensure that the customer chose the specific brands.
Through adverting Tesco communicates with the end customers. The adverting is used for passing the messages about different products. Different media are used in the advertising by different media. The advertisements are used for influencing the mass customers not individuals. Tesco designs the advertisements to penetrate a huge segment of the customers. Through the advertisements the organisation represents their products and services with pictures and efficient contents. These contents and pictures are the design to deliver proper messages to the customers. Leonidou et al (2013) The advertisements are designed to deliver certain messages in the mind of the customers. Through repeated telecast of the advertisements Tesco tends to connect with the target market.
The integrated sales promotions are used by Tesco to develop desire among the customers to buy the products. The desire will develop the needs of purchasing the products. Through the sales promotional tools Tesco manipulates the pricing strategy. This is also efficient to gain the advantages over the competitors. As the cost of the products has a great role in the consumers decision making process, sales promotions attracts the attention of the customers through discount deals. In market with similar products or brands through sales Tesco might not helpful in getting competitive advantages but it helps Tesco in boosting the sales for certain time span. In the market with dissimilar brands and products Tesco gets the help to penetrate deep within the market through the sales promotions. (Chaffey, & Ellis, 2012) Tesco uses this tool to attract the customers to the stores and by giving discount deals Tesco gets rid of the unsold or old stocks of the store. This approach is also useful in making ways for the new product arrival. As the benefits are provided over short termed measures for attracting the customers, new customers are also attracted than the loyal customers.
Public relation is the technique which has been used by Tesco to exploit the sentiments of the customers in the beneficial aspects of the organisation. Within the public relational tools the people are involved having significant impacts over the organisational operations. These people are both the retailers and the customers. This tool is useful to maintain the relationships with the organisation. Different events are organised by Tesco for having better relationship with the customers. Through the practices within the public relations the organisation portrays its responsibilities towards the society. This tool is effective for maintaining the corporate social responsibilities (Chaffey, & Ellis, 2012). This in return impacts over the public sentiments towards Tesco. The sponsored events are used by Tesco for placing positive image in the minds of the public. The PR agencies or specialists are attainted by Tesco in this regard.
Direct marketing is done by Tesco by assessing the details of the customers using the club card information and the market research. With the information about the customers and their preferences the organisation uses direct marketing tools to attract them towards the stores. The needs of the customers are analysed by direct marketing and Tesco provides their services as per the needs. Extensive research, public surveys are used before conducting the marketing for collecting the views of the consumers over the products and services of Tesco. Morgan et al. (2012) Tesco uses the database of the customers by adding the responses of the customers and their buying behaviours or needs while shopping in Tesco to use the details while approaching the customers. The segments of customers who are like to be personally addressed are attended through public relational tools. Based on the psychology of the customers Tesco approaches directly to the customers through mails, text messages etc. By analysing the effectiveness of this tool Tesco makes significant changes while required.
Personal selling is done by Tesco by adding the sales representatives who are attached in the day to day sale activities. Though with the fast development in the online selling Tesco does not place significant interest over the personal selling, this tool is significant to maintain the sale s force. Certain customers in different geographical region are not fond of following the commercials or advertisements through social media rather they prefer door to door selling. Analysing these customers Tesco performs door to door selling in certain regions. The sales representatives of Tesco are highly trained with proper measures for the convincing the customers and satisfy their enquiries over the products. Morgan et al. (2012) With the growth of the online or e-shopping the personal selling are less preferred in marketing strategy.
Online advertising tools are used by Tesco in order attract the current customer base. In the online marketing strategy the organisation has been attracting the attention of the customers without facing constraints of the regional boundaries. The social media has been used by Tesco for their online promotional activities. Through their website Tesco offe4ring different information about their products and discount offers. They also attract the attention of the female shoppers through sharing recipes with them Morgan et al. (2012).
Marketing communication has been developed along with the components of marketing communications. Through the different marketing communicational tools the organisation can appeal to its target market. The marketing communicational strategy of Tesco considering the global context:
Tactics or communicational tools: The strategies can be formed over analysing the communication process within the sender of the message. There are wide range of mechanisms which are used within the communicational tools. The integrated marketing makes the use of the marketing mix. By considering the objectives and the integrated marketing campaign can be implemented. The marketing strategy of Tesco includes:
Evaluation: The effectiveness of the marketing strategy can be evaluated by considering the objectives and the goals. Using the evidenced marketing research will provide proper data over the requirements of the customers are considered while evaluating the marketing strategy. Current sales number and predefined sales figures are also compared while making the evaluation of the effectiveness of the strategy. There are more than 7 billion people within the global market. This ration has been encouraging the business to make further steps within the global market and have benefits over the business. Within the UK market there are more than 44% people who prefer text messages for the communicational methods and other 36% are preferring internet tools for the communications. Analysing these facts Tesco can make further implementation within their marketing strategies Ataman et al. (2010).
The technological changes and the evaluation of the communicational technologies are analysed by Tesco. By mapping the stakeholders and the target funders the organisation can develop the marketing strategies and make aware the customers. The e-tailing business of Tesco is a significant step within the marketing strategy. Apart from the usages of the internet the organisation is also adapting the technological infrastructure for the marketing strategies. With the rapid changes in the technologies the organisation must make efficient strategies to maintain their current position as well as required improvements. The strategic model of the marketing planning would be needed for having competitive edge in the global market. as there are many efficient rivals in the global market proper communication with the customers should be done by Tesco.
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