P1: Describe how marketing techniques are used to market products in two organisations
Tesco:
Growth Strategy
Tesco has a well established and reliable strategy for growth, which has allowed them to strengthen their business and drive expansion into new markets.
The underlying principle for the strategy is to expand the range of business to allow them to deliver strong sustainable long-term growth by following the customers into large expanding markets such as financial services, non-food and telecoms and new markets abroad, initially in Central Europe and Asia, and more recently in the United States.
Tesco has grown from selling beans and biscuits to becoming a major player in almost every area of the retail market. Clothing,
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Oxfam
Charity Oxfam has also launched a poster advertising campaign called `One Off' to encourage consumers to visit its charity shops. The ads suggest that by wearing Oxfam garments this will help them to spread the word to different places and people were they can’t reach. That will enable them to get more people giving their time and money helping the organisation.
Relationship marketing (Tesco)
Cultivating a relationship with the customers in business is an approach that is mainly concerned with maintaining connection with current customers rather than on acquiring new ones. This utilizes a wide range of marketing, sales, communication, and customer care techniques and processes, to identify individual customer’s needs and create a relationship between a company and these customers.Teso introduced a loyalty scheme also known as club card that is used as a form of identification when dealing with retailer. By presenting the card, the purchaser is typically entitled to either a discount on the current purchase, or an allotment of points that can be used for future purchases. This also enables the organisation to have a close relationship between them and the consumers, they straight forward know customers shopping habits and etc.
P2: Describe the Limitation and Constraints of marketing
While establishing a business there are various limitations that one needs to consider. Business Constraints are
This business report aims to show how important a marketing plan is, demonstrate the key elements of a successful marketing plan and how a marketing plan helps a company to sell its products and service. This Marketing plan will use the company Aldi as a case study, (the supermarket chain) to demonstrate how a marketing plan works. Aldi is a major supermarket chain that provides highly competitive retail food products to households. As a retail company they face all the marketing problems that other retail company faces (product range, price and marketing segmentation).
Unit 3 P1 – Describe how marketing techniques are used to market products in two organisations.
Therefore, to Tesco to differentiate themselves from their competitors, a much broader strategy will be developed. Tesco should focus a global strategy for the "delivery" of services, both online and in stores, and improve the customer experience.
This paper will introduce a product and service which operates in the U.S. with the intent to expand within foreign markets eventually. The service that I chose is a current service in the food service industry that does exist but would benefit from enhancing it; there are market trends for the new service that would definitely satisfy potential customers’ needs and wants once the idea is brought to their attention. The goal is to bring the feel of the city’s fine dining and lounging experience to areas outside the city without having to travel far or spend more. The service is an
Tesco’s might expand their brand into different retailers so it’ll gain more popularity and might even be a leading bran in food clothes etc
D1: Evaluate the effectiveness of the use of techniques used in marketing products in one organisation.
Technology-Tesco's is into mails although this method of communication has been in existence for ages and is still used. But the internet enables messages to be sent faster than postal mails. So Tesco's might face competition from cyber cafes and such businesses operate within the Information Technology (IT) Industry.
This information Tesco is gaining helps them as they are able to achieve more customers so this increase the rival competitors and they are also gaining an increase in profit and customers due to the fact more people are shopping at Tesco and using the services they provide, this also means Tesco are able to develop even more.
Tesco has expanded into many other countries over the years, but as the “BRICS” economies are becoming increasingly attractive, an opportunity to venture into these economies seemed to be a ‘rising star’ for Tesco. Tesco’s ‘eye on the prize’ meant that they took their eyes off what made them successful in the first place- their UK stores. Ultimately, expansion into China, India and Thailand has left what was their ‘cash cow’ UK stores to currently become their ‘problem child’. Losing focus on their original investments meant that they “slipped behind in terms of stores, service and innovation.” http://www.bbc.co.uk/news/magazine-17767565 In addition to their struggles to maintain the success of their UK stores, focus on China, Thailand and India had a massive impact on their competitors such as Asda, Sainsbury’s, Lidl and Aldi. During the time that Tesco focused on the new move, it was an opportunity for its competitors to steal Tesco’s 30% market share – Sainsbury’s brought in “By Sainsbury’s” and Asda brought in “Chosen By You”. When Tesco realised their mistake and focused their attention on their UK stores, they invested in the “Big Price Drop Flop” but the £500m campaign only damaged their branding image, as customers thought the quality of their products had dropped. It was a clear step by step process for Tesco losing its place
In recent years Tesco diversified its business greatly extended its business from food to non-fooditems .Originally Tesco stared
To compliment the presentation you developed for criterion P1, you now need to produce a report where you will demonstrate higher-level skills through comparing or finding the similarities and differences between the marketing techniques used by the two organisations.
Tesco is one of Britain’s leading food retailers and has 586 stores. From 1992, Tesco has grown greatly and has increased its market share from 10.4% to 15.2%. This increase in customers has also given Tesco a large amount of profit.
tesco can take advantage of its successful international expansion. tesco is in a position to share their know-how and also is able to apply technologies and know-how which will create a competitive edge over its rivals and also step its learning curve.
Since acquiring number one ranking in 1996, Tesco has developed a successful multiformat strategy that has accelerated its advantage. Its UK sales are now 71% larger than Sainsbury’s. Also the Competition Commission’s report makes it very difficult for a competitor to challenge its scale and has effectively scuppered Wal-Mart’s chances of stealing UK leadership. Therefore, Tesco is in an enormously strong position in its domestic market.
Tesco had achieved measurable success in the UK market which was highly regulated and competitive. Due to regulatory pressures, Tesco focused on its operations and capital investment within UK, which also led to opportunities in the international markets as they were a profitable business.