Professional Documents
Culture Documents
Retail MKT
Retail MKT
Business Administration
(In collaboration with UCSI
University)
Module/Subject Information
Submission 16/04/2022
Date
Assignment FINAL ASSIGNMENT
Title/Topic
Word Count 4553
Lecturer’s Grade/Marks/Notes
Signature
Contents
INTRODUCTION................................................................................................................... 3
Question 1............................................................................................................................... 4
Question 2............................................................................................................................... 9
Question 3............................................................................................................................. 13
REFERENCE........................................................................................................................ 22
INTRODUCTION
Mobile World Investment Joint Stock Company is currently the No. 1 retailer in
Vietnam in terms of revenue: profits with nearly 4000 stores throughout the territory
of Vietnam. Currently, MWG is operating retail chain brands including The Gioi Di
Dong, Dien May Xanh, Bach Hoa Xanh, Bluetronic, etc.
At the end of 2010, another member of Mobile World Investment Joint Stock
Company was born, which is an electronics retail system with the brand name
Dienmay.com Supermarket.
Since its inception, Dienmay.com Supermarket has developed rapidly when
continuously opening new supermarkets. Until April 2012, that is, within a year and a
half, Dienmay.com Supermarket had 12 supermarkets, present in 9 provinces.
On May 4, 2015, the Dienmay.com supermarket system was officially renamed to
DienMayXanh supermarket system.
The company promotes the development of a network of Dien May Xanh stores to
create an image of a brand associated with every home.
From a rookie in the electronics retail industry, DienMayXanh Supermarket has
continuously improved and transformed to become more optimal and widely accepted
by customers.
Up to now, DienMayXanh has 190 supermarkets in all 63 provinces and cities across
the country with selected electronic, household, and digital products for the benefit of
customers with a team of trained staff. well and imbued with a culture of putting
customers at the centre of all our thoughts and actions.
Question 1.
2. Micro
2.1 Customers
Customers are an important factor and the main goal of creating profits for the
business, besides, it is also used to evaluate the development level of the business in
the market. Customers are defined as people who have the intention to buy from the
business and have the ability to pay, also with another form called potential
customers, our customers who have a good impression of the business and have
plans to buy in the future.
To be able to satisfy the needs of customers including many factors, these factors
include friendly employees, courteous employees, knowledgeable employees,
helpful employees, the accuracy of billing, billing timeliness, competitive pricing,
service quality, good value, billing clarity, and quick service
In this case, Dien May Xanh operates as a store that usually has a wide range of
customers with no restrictions on gender or age, however, the need to use specific
types of equipment must also be based on the wishes and needs of customers
Finally, businesses also need to know the level of management, interaction with
customers and knowing the wishes of customers, which leads to the customer
relationship management (CRM) process needing attention. The process of
relationship marketing is defined as attracting, maintaining, and enhancing
customer relationships, especially in today's competitive market, competing for
customers by attracting their attention is the primary target that needs to be focused
on to bring more profit to the business.
This is currently being applied by Dien May Xanh through customer consultation
programs and customer care programs, especially increasing the level of
professionalism and sales significantly, as well as the loyalty of customers.
2.2 Competitor
Since the establishment of a chain of retail stores. Dien May Xanh has always faced
many challenges and competitors for many years with the same aim of satisfying
the same targeted customers. Samsung is a long-standing chain of stores, so Dien
May Xanh is also the most worrisome. In terms of other formidable competitors, it
is impossible not to mention Nguyen Kim and HC Dien May because these are two
long-standing businesses in the retail market.
HC Dien May One of the first electronics HC system has 35 branches in Viet
supermarket systems was Nam.
established in Hanoi in
2006, specializing in
trading in Electronics,
Refrigeration, Household
appliances, Information
Technology, Telephones &
Digital Entertainment
Equipment.
Question 2.
Identify competition
Along with the development in the 4.0 technology era, followed by the strong
development of the electronics industry and AI artificial intelligence. Modern
electronic devices were born based on the progress of science and technology to
improve quality and efficiency in labor and production. Because of that, the
electronics retail industry was born and is available in the retail market of each
country.
Due to the expansion of automated systems in the industry and the continued
trend of technological innovation, the labor market in Vietnam is experiencing
a scarcity of human resources in the Electronics industry. Workers in the
electronics industry have low professional credentials, according to a report by
the Ministry of Labor, War Invalids, and Social Affairs. Where up to 68.75% of
workers lack credentials or degrees, the majority of them are manual laborers
who assemble and operate machines and equipment.
For example, Gearvn and Phong Vu are two brands that specialize in
selling electronic devices such as computers and phones. Most of the
products here are for gaming and working. More variety of electronic
items.
o Specialty Stores
Specialty Stores is a retailer that has to sell different items, but products
are manufactured under the same brand. In other words, a specialty store
is only selling the specialty of a brand. Specialty stores concentrate on a
small number of closely connected product categories while providing
excellent service. Specialty retailers tailor their retail approach to very
specific market segments by offering extensive but limited assortments
and sales associate experience.
On the competitiveness of different types of retail stores. Each retail store has its own
charm and different disadvantages. Talking about different types of retail stores for
electronic devices, DienMayXanh is also a great choice for customers. However, each
customer always has different needs, especially in terms of electronic equipment.
Therefore, DienMayXanh becomes very difficult when facing the competition of other
retail stores.
Department Stores is a store that sells one type of item but will aggregate many
different brands. For example, customers have a need to buy a computer and they need
to buy a good computer that can both play games and work. Customers feel that the
place they need to go is like Gearvn rather than DienMayXanh because customers
coming to Department Stores like Gearvn will have more choices and specialized care
for a product they need. In this case, DienMayXanh is not a reasonable choice to meet
the needs of customers.
Specialty Stores is a store that sells only one brand product. The level of competition
in this retail store also worries DienMayXanh. For example, a customer is
knowledgeable about the use and technology of an electronic device. Customers will
compare electronic devices of brands such as Samsung and Dien May Xanh. They
want to buy a washing machine and they will learn the technology and features of
washing machines from 2 different brands.
The supermarket is a shopping mall with a large area and many choices and a variety
of goods. Regarding the retail store with DienMayXanh, the competition is not
significant. Moreover, DienMayXanh is a supermarket specializing in equipment, so
for customers who want to buy equipment and want to buy other items, DienMayXanh
is also a great choice.
7P Marketing strategies
1. Product:
1.2. Services:
1.4. Quality: DienMayXanh Supermarket cooperates with many big partners all over
the world namely Samsung, Panasonic, Sony, Hitachi, Daikin, Sanyo, LG, and
Mitsubishi Electrics, Toshiba to ensure the best experiences on the real products.
Therefore, purchasing in DienMayXanh Supermarket is safer than other small retailers
because of its credibility.
2. Price
Besides providing quality products from reputable brands, and ensuring genuine
products, DienMayXanh Supermarket also builds thoughtful service policies with the
criterion of always prioritizing the interests of customers, improving the shopping
experience of Vietnamese consumers.
Discount: The company must keep up great commerce relationships with other brands
around the world to induce engaging cost approaches. Customers have experienced a
number of discount events with great benefits: “Grand TV Party 100% Gift offered
when purchasing”, Super sale at the weekend: household products are shockingly
discounted up to 50%, etc.
In the current electronics and technology market, the products of the electronics retail
chains on the market today do not have too much difference in product quality and
product brands, mainly products from foreign countries such as Japan and Korea.
Because products in the industry do not have too many differences in quality, design,
and product brand. Second, the market is competitive with many other businesses, so
the price of products of electronics retailers is almost the same.
→ For the above reasons, the enterprise has decided to use its product pricing method
as the "current price method", which means that the price of the enterprise's product is
similar to the price of the competitor's product or there is a difference in price ( 0.3% -
2% ) for each product line.
3. Place
Dien May XANH has just marked a remarkable journey when it officially announced
that it has surpassed 1,000 supermarkets in its 10-year journey.
Location: The large and mini DienMayXanh stores are now present in all central cities
of the provinces. The system currently has 300 stores according to the large model,
with an area of 800 - 1,000 m2. Stores are mostly located in developed, densely
populated cities. These things create favorable conditions for DienMayXanh to
develop quickly and attract customers.
Distribution coverage: Growing rapidly, becoming the first electronics retail system in
Vietnam, covering 63/63 provinces and cities, DienMayXanh Supermarket has always
been a leader in serving customers the best.
● Take advantage of Fanpage pages with members who can create trends, along
with using images of green people in combination with emerging trends to spread
content on social networks.
● Live images with the green legion. The presence of the Dien May Xanh army
and the haunting song stirred the community and the media. They continue to build
programs on special occasions of the year with the brand's blue legions and bring joy
to everyone. Fanpage pages continuously create minigames, gift-giving contests, etc.
to increase interaction with customers.
4.2. Advertising:
Dien May Xanh's advertising campaign, which started in 2016, was considered a
"bump" in the gloomy market of the advertising industry in Vietnam at that time. The
viral advertisements of Dien May Xanh caused a fever on social networking sites, and
are paying attention to the branded promotional videos that focus on "bombing" on
traditional TV channels, gaining a significant number of followers and followers.
attract a large number of customers. Using TVC to catch the trend is also an effective
Marketing strategy for DienMayXanh. Taking advantage of the heat of the trend,
DienmayXanh has launched extremely successful "trend-catching" TVCs. For each
advertising campaign and advertising objective, Dien May Xanh will offer different
TVCs such as:
Picture 2: Thống kê số lượng người dùng mua hàng điện máy tại điện máy xanh.
(Source: Marketing AI)
● Flash Mobs made by blue dancers in the most central locations, such as Nguyen
Hue Pedestrian Street, AEON Mall, NOWZONE, Crescent Mall, BITEXCO
FINANCIAL TOWER, have attracted a large number of audiences and have raised
brand awareness among the people.
● These representatives reach the customers and create awareness among them
about a new product or service and sell the products to the customers. These
representatives build relationships with the customer and promote the product to
different customers within the regions they work.
5. People:
● Commitment: DienMayXanh Supermarket always attaches great importance to
the development of human resources because for them, people are an important factor
determining the success and development of the Company. DienMayXanh has
appropriate and competitive remuneration and remuneration policies to help attract,
retain and motivate employees.
● Attitude: Dien May Xanh has created trust, and prestige, built loyalty with
customers, reflected in sales and activities of Dien May Xanh and an increasing
number of customers. Dien May Xanh operates with the criteria of being friendly, easy
to use, and fully updated with information to support the shopping and reference
process on the phone as well as online for customers.
● Training: Employees at DienMayXanh Supermarket are trained to work
together to be more perfect, especially to satisfy customers, give customers a feeling
of professionalism, comfort, and comfort and always want to cooperate with the
company.
● Appearance: Currently, the company's sales department and DienMayXanh's
direct sales staff are employees with rich work experience, all of whom have
university degrees, and graduated in marketing. Young, dynamic, and creative.
6. Physical evidence
6.1 Environment
-Color
take blue as the main color for every tvc and mv of the store make an impression and
create associations for customers, make customers aware of the store's brand
-Noise level
The store continuously plays the store's songs to create habits and behaviors for
customers passing by or coming to the store
stuff
continuously to the latest products for customers and all store chains of green
electronics
7. Process
7.1 Policies
At that time, Dien May Xanh stores had nationwide coverage, surpassing all other
stores, the Marketing department was responsible for increasing brand awareness. And
the main goal is to help customers think of "Dien May Xanh" when they are intending
to buy electrical appliances. It can be said briefly that this is very unique, when in the
past, advertisements always sneakily took advantage of products, and “Dien May
Xanh” just needed to let people know that they sold electric machines, no need to say
good stuff, good service, ..
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