Professional Documents
Culture Documents
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Table of contents
Introduction..................................................................................................................................4
“Determining how marketing function supports the wider organisational context in terms of
vision, mission and purpose”.......................................................................................................6
“Providing critical reflection on, and insight into, the internal and external factors that
influence the role (SWOT and PEST)”........................................................................................7
“Conclusion”................................................................................................................................8
Introduction..................................................................................................................................9
“Benchmarking analysis”.............................................................................................................9
“Marketing research to support the new product line launch with situational analysis”...........19
PESTLE Analysis......................................................................................................................20
5C analysis.................................................................................................................................21
A competitor analysis.................................................................................................................22
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“Market segmentation and sub-segmentation using STP”.........................................................23
Reference list.................................................................................................................................26
Appendices....................................................................................................................................31
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Part 1: Video and Transcript
Introduction
Entire globe is currently largely involved with increasing globalisation, and marketing is
one of the core phenomena of globalisation.
Marketing is an activity, set of instructions, and process of creating, communicating,
delivering and exchanging products and services (Deepak and Jeyakumar, 2019).
On behalf of Wm Morrison Supermarkets plc, with the perspective of Junior
Marketing Analyst, this report is involved with the determination of different internal
and external factors, which are actively influencing the marketing processes (Appel et al.
2020).
Different external and internal factors and their influences on the marketing functions are also
aiming to be argued in this research paper.
“Concept and role of marketing in 21st century”
Marketing in the 21st century is essentially involved with the combination of both types
of marketing, traditional and digital channels of marketing (Jain and Yadav, 2017).
Marketing process of the 21st century is all about delivering effective customer
experiences, along with focusing on discretionary income, less time and more choices
(Jobber and Ellis-Chadwick, 2019).
Today’s marketings are focused on mass marketing to create awareness among the target
market of the company and influence potential customers to sustain their purchasing
decision (Shulus et al. 2019).
Learning and comprehending customers’ needs and demands is the essential trend of current
marketing concepts in the 21st century. Businesses are concerned with the creation of effective
products, which can create profit along with sustaining the company’s competitive advantages.
“Roles and responsibilities in marketing”
The main role revolves around providing effective goods and services, by analysing
customers’ demand and market trends (Bourn, 2018).
Unique service and product creation, along with creating customer awareness is also
another responsibility.
Being adaptive and making the organisation the same for coping up in a rapidly changing
market by accepting challenges (van Laar et al. 2020).
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Above-mentioned factors are the main roles and responsibilities of a market analyst or any
individual who is associated with marketing activities of the 21st century.
Main responsibility of a market analyst or marketing manager is tracking advertising
scenarios, as in the 21st century's marketing activities are essentially involved with Social
Media Marketing (Cluley et al. 2020).
Doing research on consumer behaviour and exploring the market need and opportunity is
also the responsibility of Marketing Managers.
Creating customer persona and competitor matrix making is also essential responsibility
(Shulus et al. 2019).
However, the integration of effective marketing strategies as per the changing demands of
marketing is also another role of a marketer.
“Competencies required succeeding in marketing”
Main competencies, which are required for being successful in current market scenario of UK,
are illustrated in the below section,
Customer knowledge
Knowledge about Digital trends
Search engine optimization (SEO)
Social media marketing management skills (Sadeghi and Fekjær, 2019)
The above-discussed competencies act as a catalyst in reinforcing the success potentiality of a
marketing process in a competitive market.
“Analysing how the marketing function works”
In marketing, there are multiple functions, which are “premium pricing, promotional
pricing and product-bundle pricing.”
The marketing function is effectively operated with the help of the price comparison
tool, in Morrison.
As per the view of Nyblom (2021), the marketing function can be deemed as an essential
part of marketing, and it is a channel to reach organisational goals.
Marketing functions are usually interconnected with different departmental organisation
processes of Morrison. Morrison’s main goal is to be more competitive, in terms of helping
customers by delivering effective services as per their desires. Hence, to meet this objective,
marketing functions play a sustainable role.
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“Interaction of marketing functions with other departments in the supermarket”
In the supermarket (Morrison), the departments are essentially involved with three segments,
which are Finance, HRM, and Sales department. Marketing functions and departments in the
supermarket are correspondingly interconnected with each other, which are illustrated in the
above section,
Marketing function with finance
Here the function is effectively focused on marketing needs to understand the
finance mindset, along with shedding spotlight on risk-averse attributes
(Terblanche, 2018).
In the finance department market function works by giving special emphasis on
the improvement of the rate of product adoption and lower acquisition costs
Marketing function with HRM
HRM and marketing finance share the same organisational objectives (Groucutt
and Hopkins, 2015)
Marketing function is accountable for communicating its customers, and HRM
focuses on the same by managing employees’ work as per feedbacks (Olson et al.
2018)
Marketing function with the Sales department
Marketing function and Sales department are closely similar and work as per
same organisational objective.
Marketing’s main perspective is to attract customers, whereas the sales
department works on selling processes (Schulte-Oversohl, 2019).
“Determining how marketing function supports the wider organisational context in terms
of vision, mission and purpose”
As per the view of Elsbach and Stigliani (2018), the marketing function identifies
marketing objectives and explains how marketing activities can aid in sustaining the
marker objective, mission, and vision.
For example, Tesco’s marketing functions are essentially formed and moduled on the
basis of its core objective to give quality goods at affordable prices for being the leading
supermarket in the UK.
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Similarly, while considering Morrison, the entire marketing function is based on the mission of
Morrison to deliver effective customer service and retain customers to sustain competitive
advantages.
“Providing critical reflection on, and insight into, the internal and external factors that
influence the role (SWOT and PEST)”
Internal factors
Strengths Weaknesses
High traffic for sustainable SEO Lack of contract management tool (issue
Healthy financial position to manage contract basis phenomena)
High brand image and ownership of No internal competition law
supply chain experiences
Opportunity Threats
Table 1: SWOT
(Source: Morrison, 2021)
Based on the internal analysis, it can be stated that the rapidly changing needs of customers are
impacting the role of marketing analysts. However, for the increasing potentiality of store
expansion, the responsibility as marketing analyst also will be increased and critical. Due to a
lack of contract management tools, as a marketing analyst, I am facing issues in tracking the
contracts of the company; hence, also I am getting unable to deliver relevant information and
updates about marketing functions.
External factors
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getting profitability and marketing scope in the coming future (The
Guardian, 2021).
Economical Inflation rate of UK is 0.85% (2020) which has increased from 1.79%
(2019), and it is sustainable for economic sustainability (ONS, 2021)
Trade tax rate is 18% which is high and has a negative impact on the
profit section of the company
Table 2: PESTLE
(Source: ONS, 2021)
Based on the external factor, it can be stated, that the increasing need for technology up-
gradation has become an influential factor, which is leading me to be more adaptive. The social
trend is also rapidly changing, and as a market analyst, I have been more responsible for tracking
the changes and customers’ needs.
“Conclusion”
Based on the analysis, it has been identified, that Marketing activities are changing with
the rapidly changing needs and customers’ demands
In order to get sustainable success in the marketing process, every entrepreneur is liable
for following marketing trends.
The relation between the marketing function and different organisation departments also has
been effectively illustrated in this report. Different analytical tools, such as, PESTLE and SWOT
has been implemented for determining the external and internal influential factors.
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Part 2: Process benchmarking analysis
Introduction
Morrison is one of the huge supermarket consumer retail industries in the United Kingdom,
having more than 500 stores in the UK. Tesco, Sainsbury's, ALDI are the potential competitors
of Morrison. The customers are paying approximately £22.64 for the groceries in ALDI, £159.54
for Sainsbury, £166.88 for Tesco, and £163.96 for Morrisons (Daily Record, 2021). This report
is conducted with the aim of launching a new food product in Morrisons's product line by
performing two effective business tools- benchmarking analysis and 7Ps.
“Benchmarking analysis”
Morrison should conduct benchmarking analysis to understand market conditions, trends, and
customers' choices, which allows the company to evaluate its previous market performance while
comparing with major competitors and implement appropriate strategies to attain competitive
advantages. Benchmarking analysis is a useful market research tool and is divided into mainly
three types (process, performance, and strategic). Generally, benchmarking analysis includes
four steps- planning, analysis, action, and review. The initial step Planning identifies the
information that is essential to evaluate the company’s condition. Planning also identifies the
major activity performance indicators along with the appropriate reference models to continue
the study (Service, 2021). The analysis is the second step that allows the organization to identify
its scope for improvement. This step also makes a comparison between the existing processes
and the reference models to analyze the difference of innovative strategies. This one is a very
important step as in this stage; the organization identifies its market opportunities and invests
accordingly. Action denotes creating an innovation strategy to execute modifications and
changes. Implementing innovative strategies and evaluating new performance is necessary. The
review allows the organization to review performance, understand whether a modification is
needed, and rectify bottlenecks.
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KPIs Strategy Time frame
(Source: Self-created)
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Components of 7Ps Existing products of New product (Belgium
marketing mix Morrisons (Nutmeg) chocolate bar)
(Source: Self-created)
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Part 3: Marketing plan
Introduction
Marketing plan is widely considered as a sustainable strategy, which makes it easy for marketers
to get success in the market, by determining the potential market scenario and circumstances. In
the context of the “Luxurious” range of own-brand food products; this report is essentially
involved with the analysis of the current UK’s food marketing scenario, for Morrison’s new
product. Here different market tools, such as SWOT, PESTLE analytical tool, STP, and many
more are going to be implemented. Morrison is the second largest retail company of the UK, and
currently aiming to be indulged in the Product development (as per Ansoff matrix grid) related
activity by introducing Belgian chocolate in the existing market of the UK. In this regard, a
strategic marketing plan is aiming to be developed in this research report.
“Analysing how strategic marketing plan links with the overall organisational vision,
mission, corporate strategy, and objectives”
Organisations’ mission
Main objective of Morrison is “to utilise the company's experience and design innovation to
provide flexible and responsive solutions to the packaging industry along with meeting the
customers’ expectation (Morrison-chs, 2021).”
Vision
Main vision of Morrison is “to be recognized as the superior provider and clear choice partner
for container handling needs” (Morrisons-corpora, 2021a).
Objectives
Main organisation objectives are as follows,
To give an easy shopping experience to its customers by delivering products at
reasonable prices
To provide good quality groceries with wide product choices
To produce products in a sustainable and eco friendly way, which can aid in sustaining
the reduction of pollution (Morrisons-corpora, 2021a)
Corporate strategy
The core of Morrison’s corporate strategy is effectively based on a few concerns, i.e. “to be
more creative”, “Local integration and serving the community”, and “Creating and scaling
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for profitable growth” (Morrisons-corpora, 2021b). Hence, Morrison is giving special emphasis
on the
Based on analysis of a company's determined objective, mission, vision and corporate strategy, it
can be stated that the strategic marketing plan for a new product will be effective in delivering
potential success to the organisation. However, this strategic marketing also will help the
company to proceed in a tactical manner, along with managing the success rate in the market. As
per the view of Globocnik et al. (2017), strategic planning helps an organisation to position itself
in a higher position than its market competitors, and also helps by leading the company
according to its determined goals and objectives. Hence, in the case of Morrisons' Luxurious”
range of own-brand food products, will be sustained.
“Marketing objectives with implementation of SMART tool”
In term of introducing the new diversified product in the market, the potential objectives of
Morrisons are illustrated in the below section,
To increase the brands’ sustainability along with generating effective profit margin
To get utmost product preference from its customer, by meeting the quality and
affordability needs
These objectives are going to be evaluated in the section below by implementing the SMART
tool.
Specific All of these three objectives are specific with the company’s mission and vision,
as these will be effective in delivering a wide customer base, as the company will
penetrate the market with the product development attribute (as per the theoretical
perspective of Ansoff matrix).
Measurable Tracking the profit margin, customers’ feedback analysis and number of new
product selling will help Morrison to measure the fulfilment of these objectives.
Attainable Creating a positioning map and analysing the competitors’ unique selling point
can help to determine exactly in which way the product should be launched in the
market.
Relevant All of these objectives are relevant in delivering competitive advantage to the
company. Meeting the demand and market trend will help the company to get the
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optimal competitive advantage in the market.
Time 6 months
bound
Strengths Weaknesses
Opportunities Threats
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(Source: Morrison, 2021)
PESTLE Analysis
Political The UK tends to eliminate itself from the EU free trading Union,
which can create an issue for the company to get internationalised in
the foreign countries.
Brexit also has created uncertainty in the supply chain management of
the company, and the inventory management can be impacted due to
this issue (The Guardian, 2021).
Economic Inflation rate in the UK is 0.84% which has been decreased in respect
to the inflation rate of 2019, and it can have a positive impact on
boosting customers' purchasing behaviour.
UK unemployment rate is 3.9%, which can create negative impact in
term of influencing the affordability, on the other hand, it also can be
beneficial for the local economy sustainability (ONS, 2021)
Social 4.9 million people in the UK have diabetes and more than 13.6 million
people are also associated with the health risk for diabetes 2 (Diabetes,
2021)
Hence, the product preference of Belgian chocolate can be increased
People are increasingly involved with social media marketing, hence
Morrison’s product advertisement can be effective in terms of
generating high customers’ preference.
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UK Waste Law Policies will be taken into consideration while
integrating new products in the market (Environment Law, 2021).
Environmental UK generated 222.2 million tonnes of waste, which and in this respect
Morrison will enhance its sustainable packaging system for supporting
environmental factors.
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A competitor analysis
As per the market research, the main competitor of Morrison will be Callebaut, and Neuhaus.
Apart from that, the other competitors will be Cadbury Dairy Milk, Kinder, Galaxy, and
Cadbury Twirl. Hence, it can be stated that the company will be facing moderate level of
competition in the market. A positioning map is illustrated in the below section,
High quality
Callebaut
Neuhaus
Morrison
Cadbury Twirl
Low quality
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“Market segmentation and sub-segmentation using STP”
Segmentation Mainly segmented people are aged between 10 to 40, irrespectively gender, and
urbanized people who are concerned about the healthy factors.
Targeting Urbanised people, who are looking for low sugar chocolate with high quality
and taste, at an affordable rate are the main targeted people. However, people
who are looking for Belgian chocolate in grocery stores are mainly targeted.
Positioning In order to position the product, effective penetration pricing strategy and
communication matrix will be implemented by Morrison.
Table 7: STP
(Source: Self developed)
“Articulation of the new product value-proposition in the eyes of the customer”
Pain reliever
Easy availability in grocery
shops
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Product: The product will consist of High cocoa content, stuffed with Pure cocoa butter, and
coated with melted chocolate and nuts, with low sugar level.
Price: Penetration pricing strategy will be applied which will enable the company to produce
effective and affordable products.
People: The food nutrition experts will be the main people of this product for ensuring the
product stocking.
Place: the products will be available on the grocery shops of Morrison.
“Setting of an overall marketing budget, including allocation of planned spend”
[Referred to appendix 1]
“Metrics to measure success”
In order to measure the success two different tactics will be implemented which are,
“Return on Marketing Investment (ROMI)”
It will help to measure the success potentiality, by tracking the projected marketing productivity
(Rheeder, 2020). It also will help to measure the limited marketing funds, hence the
opportunities will be effectively measured.
“Customer Lifetime Value (CLV)”
It will help Morrison to save money, and to make better decisions, along with gaining more sales
rate. Hence it can be stated that the ROMI and CLV will be helping the company to measure
success (Dachyar et al. 2019).
“A comprehensive media plan that supports the planned marketing campaign”
The selected integrated multimedia activity will be involved with effective Social media
marketing plan and hoarding as well. SEO is recommended to Morrison to use for sustaining the
social media marketing practises, where the company will be highlighting the new product
features, discounts and many more (Spivakovskyy et al. 2022). It also has been identified that the
offline marketing media process will be leaflets, hoardings and many more, which help the
company to gain effective customers’ awareness rates. Apart from this, the integration of Pop up
notification, mail, push up notifications and many more. Hence, it can be stated that the offline
and online both processes will be integrated in the marketing processes which can help to
manage the customer awareness. The communication processes will be effective in managing the
success rate of the company in terms of gaining customers’ feedback against the newly launched
products, hence, the marketing objective will be sustained to a great extent.
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[Referrer to appendix 4]
Conclusion
Based on the analysis it has been identified that Morrison has a sustainable potential to get
success in the UK market of UK, as there is not much availability of Belgian chocolate
companies, who deliver such affordable and high quality products. However, the competition
analysis also has emphasised that in terms of product price and quality the company’s new
product will be segmented at a higher position. The forecasted budget analysis also has been
done in this research paper. The potential internal and external factors, which can influence the
success potential of the company also has been highlighted in this research paper.
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Reference list
Part 1
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marketing. Journal of the Academy of Marketing Science, 48(1), pp.79-95.
Bourn, D., 2018. Understanding global skills for 21st century professions. Springer.
Cluley, R., Green, W. and Owen, R., 2020. The changing role of the marketing researcher in the
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research. International Journal of Market Research, 62(1), pp.27-42.
Elsbach, K.D. and Stigliani, I., 2018. Design thinking and organizational culture: A review and
framework for future research. Journal of Management, 44(6), pp.2274-2306.
Jain, E. and Yadav, A., 2017. Marketing and technology: role of technology in modern
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Jobber, D. and Ellis-Chadwick, F. (2019) Principles and Practice of Marketing. 9th Ed.
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Part 2
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Part 3
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Appendices
Appendix 1: Marketing Budget for Morrison's New Product Line- FY 2022
(Source: Self-created)
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Appendix 2: Actual spend vs Budget
(Source: Self-created)
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Appendix 3: Budget Category Breakdown
(Source: Self-created)
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Appendix 4: Media plan
(Source: Self-created)
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