Oxfam Marketing Planning

Ansoff Matrix is formulated on the basis of four market factors that directly affect the business of the company. It helps the company to determine these four factors and formulate their market and business strategies that further help them to increase their product line and business in the market place. Therefore, it is important for Tesco to focus on Ansoff Matrix to increase their working effectiveness (Taylor, 2011). These factors include,

Marketing penetration, the decision to target current customers of a product or service (Dhar, Russ Winer and R., 2013). One of the main reasons why the first step to applying market penetration is important, it captures a sizable market and market growth, improve the amount of potential revenue growth and to know how well I am doing in the business. I will target new or competitor’s customers and my own customers. One of the things I find to work is to have location where it is convenient, so customers can have easy access. Too, making coupons available and percentage off is a great perk for customers who care to save a little extra. I also feel that any business can throw around words but a dedicated business person with a proactive attitude will do well. I would flood the market with my offers and products. I would also have on my website how my products are different from my

This strategy guarantees that the company does not loose out on the venture by covering their fundamental costs of operation. This allows them to keep the price low enough to entice consumers while simultaneously hedging themselves from the risk of losing money on each item sold. This is basis for a market penetration strategy.

Every successful marketing plan has one thing in common, structure. Creativity among structure can prove to be quite beneficial for a business, such as Kudler Fine Foods, while traveling down that road to financial success and longevity. Within that research, or plan, one must collect, organize, and jot down any and all data pertaining to the market. Every successful business should begin their journey with a well-organized and structured plan that is mainly based on intensive research, competitive advantages and disadvantages, and of suspected outcome.

Review individual marketing plan assignment. The major written assignment for this course is to write a marketing plan, utilizing the resources and examples of The Marketing Plan Book. Students will work on this project individually. Students will develop a hypothetical company that operates in the US and one or more foreign markets. The marketing plan needs to involve a product that has a service component to the product. As students determine whether they will offer an existing product or a new product, consider the following questions:

The Ansoff framework gives the premise to an association's target setting process and sets the establishment of directional strategy for its future (Bennett, 1994). The Ansoff matrix is utilized as a model for setting targets alongside different models like Porter grid, BCG, DPM network and Gap examination and so on. The Ansoff matrix is likewise utilized as a part of advertising reviews (Li et al, 1999). The Ansoff network involves four conceivable item/advertise blends: Market Penetration, Product Development, Market Development and Diversification

From marketing point of view, Promotion informs, persuades, and reminds prospective and current customers and other selected audiences about a company and its products. The most useful brand is failure if no one knows it is available. Nestle is promoted by using different ways of promotion. Advertisement of Nestle is done through TV, radio, billboards, newspapers and magazines. Nestlé also conducts the tradeshows, concerts, events, sponsorships, and discounts for sales

Market Penetration: - Low risk area of selling existing products into existing markets. Increase growth and take out competitors, looking at marketing strategies such as loyalty cards etc.

Each brand of Nestle has the same strategy since Nestle is a food and beverage manufacturing organization. The core strategy for each brand is the same as the organization’s strategy as laid out in the three pillars as described above. The manufacturing factories for individual brands follow the same procedure for energy reduction. Their main business level strategies are to create low cost, highly efficient operations and differentiation strategy improving communications with their consumers. Nestle’s business level strategy is integrated cost leadership and differentiation with wide range of low cost operators and products .Their strategic leadership is to force the organization to integrate the company’s business on a global scale, become more efficient, to reduce marketing expenditures by exploiting the synergies among brands and to create a regional manufacturing

In the marketing world, before releasing a product onto the market a company would carry out research in all spectrums to investigate the targeted audience. Once market research is completed, marketing or advertising is carried out so that the targeted consumers can purchase and the company receives an earned profit from sales. Marketing is the management process responsible for identifying, anticipating and satisfying customer requirements profitably (Chartered Institute of Marketing, 2009). Marketing strategies need to tick off consumer needs and demand. Companies follow a set of marketing strategies to be able to achieve their set mission goals. Strategies like segmentation, targeting and positioning of the market is used to analyse the

Marketing is an important aspect in any business. A good marketing strategy will yield more consumers. There are different forms of marketing a product or service in the public; there is marketing through advertisement in television, movies and print ads. According to the American Marketing Association, marketing is the process wherein the people involved with the products and services plans and executes the concepts, prices, promotion, and distribution of the products and services in order to develop exchanges that will satisfy both the consumers and the organisation (, 2006). This paper discusses the contributions of the Ansoff Matrix in strategic marketing management.

A market penetration strategy seeks to increase market share for present products or services in present markets through greater marketing efforts. Market penetration includes increasing the number of salespersons, increasing advertising expenditures, offering extensive sales promotion items, or increasing publicity efforts. (David, 2010)

According to [5], Just-in-Time (JIT) inventory management enables an organization to gain competitive advantage by not having a large or excessive amount of inventory in warehouse. The organization only needs to order the parts when they are actually needed and new materials are produced only when old materials have finished. One advantage of adopting this strategy is that there will be no excess of inventory that needs to be stored and hence the inventory levels will be reduced as well as the cost of carrying and storing goods. One major disadvantage of this is that the organization will expose it in the risk of ordering problems for example a supplier is not able to provide parts on time. The result of this is that the organization cannot fulfill the order and contributes to customer dissatisfaction.

Ansoff’s Matrix suggests 4 alternative marketing strategies which hinge on whether products are new or existing. They also focus on whether a market is new or existing. Within each strategy there is a differing level of risk. The four strategies are such as:

The purpose of this report is to evaluate Nestle Company industry based on the case study and comprehend how the company develop strategic intent for their business organisations following the analysis of external and internal business environments. I will analyse the strategic management process as firm used to achieve strategic competitiveness and earn above-average returns. I will discuss the strategy formulation that includes business-level strategy and corporate-level strategy.