Marketing Management (MMG500)
Marketing Plan
Waitrose/ Waitrose wine direct
By: 490767
Word count:
Executive summary
Kotler defines marketing as “a social and managerial process by which individuals and groups obtain what they want and need through creating, offering, and exchanging products of value with others.” his view on marketing looks at marketing being more of an exchange process. [Kotler, 1991]
In Elements of marketing, Prentice Hall, 1975;"Marketing is all those activities involved in getting goods from producers to users, including buying, selling, storing, transporting, advertising, and promoting the goods" [Bagozzi, 1975].
Now after the definition of marketing, it is important to understand the marketing
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Thus Waitrose concentrates on providing high quality own brand products (55% of products being own brand), helping to also illustrate the image of exclusivity and elitism. From the positioning map you can see that Tesco, Sainsbury’s and ASDA are all positioned very close to each other indicating the enormous amount of competition through price and quality. All three grocery retailers segment themselves towards new and growing families, as they are huge sector of the market, with much money to be made from. As you can also see Marks and Spencer’s is positioned at the top end of the scale for both price and quality, showing that they are perceived as a grocery retailer which provides a high standard of products at high prices, segmenting themselves as an sophisticated grocery retailer.
Life-stage segmentation also plays a vital role in defining and segmenting Waitrose’ market because it looks at family characteristics and whether they match that of Waitrose. Whereas Waitrose’s competitors focus on new family, post-and pre-family groups Waitrose inclines towards post family, older couple and single groups, as these groups are more able to afford their prices.
One could say that the typical Waitrose shopper is the typical Classic FM listener; affluent, interested in culture, travel, fine foods and wine. The account card, Waitrose and John Lewis loyalty scheme, support this by offering reduced tickets to concerts and invitations
But the social factor is affecting on the supermarket and because of its customers. People who shop in Waitrose are people middle age or older. It is fact that the population in UK is ageing and `this trend is projected to continue`. The increase in the number of old people is increase in the number of the Waitrose`s customers. http://www.statistics.gov.uk/cci/nugget.asp?id=949 accessed 21/03/2011
In the paper of Dixon and Wilkinson (1982), the authors argue that marketing is a kind of exchange mechanism that results from buyers and sellers actions to satisfy their requirements. Furthermore, each person plays one or more specific roles of different social systems in which
Marketing is often thought of as advertising and selling, but marketing encompasses more than just selling a product or service and advertising it to entice customers to make a purchase. Perrault, Cannon, and McCarthy (2009) defined marketing as "the performance of activities that seek to accomplish an organization’s objectives by anticipating customer or client needs and directing a flow of need satisfying goods and services from producer to customer or client" (p. 6). However, Kotler and Keller (2009) stated one of the shortest definitions is "meeting needs profitably" (p. 5). The author's definition of marketing includes all of the activities a business
Morrison’s is a food retailer which was established in 1899. Morrison’s started off as a stall at a local market in Bradford run by William Morrison and has since grown to be the UK’s fourth largest food retailer. Morrison’s aims to, “attract, motivate and develop people to ensure that Morrison’s becomes the ‘food specialist for everyone’”. In addition to Morrison’s being a supermarket it also offers a range of other services; cafés, recycling, dry cleaning, photo printer, petrol station and pharmacy. Morrison’s is highly customer orientated as they try to provide the best service to their customers by providing them with high quality and reasonably priced items.
‘Marketing is the social process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others.’ - Kotler
j. if Tesco’s was marketing a certain food product Tesco’s would use a marketing technique for example Tesco’s would advertise the product on wallpaper, leaflets ,TV etc also they would put special offers on the product e.g. 2 for the price of one
1. Introduction The intended purpose of this report is to outline the nature of the Australian retail market, specifically the retail food sector. This report will then discuss the role of market segmentation and how it has resulted in the emergence of new retail channels available to consumers. The emergence of ALDI as a new retail channel will be the focal point of the report along with a brief overview of other new-coming organizations such as Costco. Through the use of current journal articles, books, internet sites and government publications, this report will outline the benefits of the new retail channels available to consumers, especially in regards to saving on common expenses. This report will also discuss the possible room for
The UK supermarket industry is a very competitive and profitable industry. It is made up of four main players with significant share of the market, and then various smaller companies who focus on smaller niches in the market such as the bottom of the market discounters and the top of the line speciality stores. It is an interesting market and this report evaluates the attractiveness of the industry using Porter’s five forces model with an insight into how market nicher Waitrose sustains a competitive advantage. Next this report looks at how major player Sainsbury’s successfully competes against its rivals using differentiation strategies, and analyses current consumer trends and problems can effect this industry.
Marketing – is the process in which the producers of goods and services focus on satisfying the needs of the consumers. Also marketing is the social process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others.
Larger stores also offer people the convenience of additional services along with their shopping, for example post office, pharmacy and opticians. By addressing consumer’s expectations and using their buyer power they can offer a choice of products to reflect consumer’s diverse budgetary, dietary, ethical and environmental requirements. Furthermore their global buyer power enables consumers to benefit from choosing exotic produce all year round. With 30,000,000 customers (Bevan cited in Allen, 2009) choosing to use the big four supermarkets on a weekly basis it would suggest that they provide a format that consumers want.
TAXATION: The Waitrose is imposed taxes on its business profit and over selling the goods to its customer. This can even affect its strategic plan if there is a fluctuation.
Marketing is a social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging products and values with others.(Kotler, Armstrong, Saunders, Wong page 5)
The other factor, education has not been an issue for Waitrose in UK but it has been an issue in South Africa. The local farmers are very poor and usually not educated, unless they are commercial farmers. Demographic factors such as age, sex, mobility and location affect Waitrose’s policies and operations. Income distribution is also an important factor because the products have to be within the reach of the targeted customers. (Environmental fit analysis, 2003)
Marketing Audit Report on Hot n Spicy- Group Case Study Submitted by: Zhang Lin (4341958) Saltanat Yelgonova (4630014) Waqas Nadir (4634305) Sara Al Zaabi (4619961)
Marketing is a crucial element in achieving success for any organization. There is not one universal interpretation of marketing and how it should be defined; in fact, throughout its origins many people have endeavored to chain together different ways of explaining what marketing is. Even though there is not one distinct way to define marketing, all definitions are relevant and help form an understanding of the concept. Kotler defines marketing as “human activity directed at satisfying needs and wants through exchange processes” (Kotler, 1983). However, others believe that there is more to marketing than just the satisfaction of needs and the process of exchange. There are multiple facets of the business philosophy of marketing, perhaps