Professional Documents
Culture Documents
I) Introduction.......................................................................................................................................2
II) A marketing plan for Winmart meets marketing objectives......................................................3
1. A marketing plan that includes key elements of marketing planning for Winmart to achieve
marketing objectives.................................................................................................................................3
1.1 Executive summary.......................................................................................................................3
1.2 Current Marketing Situation Analysis.........................................................................................4
1.3 The strategic marketing plan links with the overall organisational mission, corporate
strategy and objectives..............................................................................................................................9
1.4 SMART marketing objectives for the marketing plan.............................................................10
2. A detailed tactical marketing plan that integrates the extended marketing mix to achieve
marketing objectives...............................................................................................................................11
3. A strategic marketing plan for Winmart that measures achievement of marketing objectives
within key performance metrics.............................................................................................................15
3.1 A strategic marketing plan................................................................................................................15
3.2 Budget marketing..............................................................................................................................15
3.3 Control and monitoring measures....................................................................................................16
III) A media plan to support a marketing campaign for Winmart.................................................17
1. A media plan that includes recommendations and rationale for selected media activities that
meet budgetary requirements and objectives of a marketing campaign brief....................................17
1.1 Media Goals & Objectives...........................................................................................................17
1.2 Target audience............................................................................................................................19
2. An integrated multimedia plan, selecting appropriate digital, offline and social media channels
for communication...................................................................................................................................20
3. A justified integrated multimedia plan based on quantitative and qualitative criteria..............20
IV) Conclusion....................................................................................................................................20
V) References....................................................................................................................................20
I) Introduction
As the supermarket chain's junior marketing analyst, I have been diligently preparing the
rollout of the own-brand non-food products. This will be positioned in a manner that is
distinct and enticing, combining exceptional flavour and value for customers.
I must build a persuasive and inventive marketing strategy for WinMart's non-food
products. It must establish a bold marketing plan and contain tactical actions that are linked
with the Winmart’s overarching goals. This marketing plan must also incorporate a media
strategy as part of the overall marketing effort.
WinMart operates approximately 111 supermarkets and more than 1,800 WinMart+
outlets in roughly 50 provinces and cities with a total business area of more than 300,000 m2
and employs more than 11,000 individuals as of May 2019. By August of 2019, there will be
2,200 Winmarts and Winmart+.
VinMart sells fresh and semi-processed foods, apparel, cosmetics, household appliances,
stationery, and toys, among other items.
Vinmart changed their names to WinMart and WinMart+ on January 15, 2022, when they
were acquired by Masan Corporation.
a. PESTLE
A PESTLE analysis investigates the external factors with the greatest impact (Political,
Economic, Sociological, Technological, Legal, and Environmental) on an organisation. It can
assist human resource professionals and senior managers with strategic decision-making in a
variety of situations (CIPD, 2021).
Political The political stability and growth policies of Vietnam provide investors
with a market overview and encourage business output. This is a
tremendous benefit for manufacturers like Winmart, allowing them to
boost production and revenue, as well as their product market share.
Economic Vietnam's economy has grown gradually during the past few years. The
fourth-quarter GDP growth rate in 2021 was 5.22% greater than the
same time in 2020, while the CPI grew 1.88%. (Chien, 2021). With the
passage of the socio-economic development plan by the National
Assembly in 2022, a 6-6.5% increase in GDP and CPI is anticipated.
The index is 4%. (Chien and Duan, 2021). High economic growth
increases per capita income, which improves the standard of living.
Living and dietary requirements have increased. Winmart's products are
essential to human survival.
Legal Winmart registers copyrights for products manufactured and sold by the
brand itself. In addition, Winmart also ensures the processes in buying
and selling retail products to the store.
Environmenta Products that are suitable and protect the environment are prioritized and
l encouraged to use. Winmart did a great job in this task when launching
the Vineco food chain produced by Winmart itself, ensuring both quality
and helping to protect the environment.
b. SWOT
Strengths - Local enterprises with cultural awareness, investors, and local partners
with VinCommerce's support policies for domestic suppliers are highly
pragmatic, providing domestic consumers with numerous opportunities to
use high-quality Vietnamese products.
- Under the motto "For a better life for the Vietnamese people," Winmart
and Winmart+ carry out a variety of initiatives to promote domestic
manufacturing firms. Additionally, Winmart has contributed nearly 200
billion VND to enterprises through distribution system incentives,
improved brand recognition, and quality control consulting.
- The fabric softener function saves time and money for consumers when
there is no need to buy additional fabric softener.
- The washing ability of this product can reach the highest performance in
both hand washing and machine washing. Stubborn stains such as grease,
ink, chocolate, coffee ... are dissolved and dislodged in just one wash. In
addition, it also has the effect of penetrating deep into the fabric surface
to remove dirt thoroughly, bringing softness to your clothes.
Weaknesses - The product design is unremarkable and does not have a distinct
difference to make it easy to recognize in the multitude of laundry
products on sale today.
- There are not too many outstanding uses compared to other products.
Currently, there are also many 2-in-1 laundry detergent products of many
other famous brands being launched on the market. Competition in
niche market.
Opportunitie - Vietnam is considered one of the most promising retail markets because
s of its large population and expanding purchasing power.
Threats - The market is fiercely competitive when there are many brands of
washing powder or laundry detergent that have a strong foothold in
Vietnam and are trusted by many people such as: OMO, Tide, Comfort,
Downy, …
c. 5Cs
The 5Cs of marketing are a well-known situation analysis technique that helps marketers
make informed business decisions. Company, Customers, Competitors, Collaborators, and
Climate are the "5 C's." A 5C’s analysis will assist you in evaluating the most crucial
company factors. (Andrea, 2019).
- Masan Group.
- Potential Competitors:
+ Economies of scale
Clients Anyone who has a need for everyday consumer products in life,
especially Gen Z and Millennial, who have access to modern
conveniences and have a decent income. They are like to experience
new products in the market, have the habit of changing consumption
behavior quickly and follow social trends. The quality criteria of
products and services must also be proportional to the amount of
money the customer spends. Therefore, product items must be
thoroughly inspected and guaranteed for safety, and consumers can
also know the origin so they can rest assured to consume. Since
WinMart's prices are always made public, clients' bargaining power
will be severely diminished.
d. BCG
The Boston Consulting Group's product portfolio matrix (BCG matrix) is intended to aid
in long-term strategic planning by assisting a corporation in evaluating growth potential by
assessing its portfolio of products to choose where to invest, terminate, or develop items.
Also referred to as the Growth/Share Matrix. (Annmarie, 2022).
Question
marks:
Stars Winmart's
laundry
detergent
To achieve the overall mission and objectives, Winmart have to make a specific
marketing plan for long-term growth. Winmart's Marketing department devised a promotion
strategy to ensure that product marketing is conducted on time. The plan analyses the retail
market for non-food items and identifies its strengths and potential in order to formulate the
most efficient marketing strategy. In addition, the plan includes the Winmart action plan,
budget, and control measures.
Goals are a fundamental part of every element of business and life, offering a sense of
direction, motivation, strong focus, and emphasising what is most essential. By setting
objectives, you provide yourself with something to aim for. A SMART objective is used as a
guidance while developing goals. Specific, Measurable, Achievable, Relevant, and Time-
bound are the characteristics of SMART goals. Consequently, a SMART objective
incorporates each of these elements to help you focus your efforts and increase the likelihood
of success (CFI Team, 2022).
e-commerce
platforms
2. A detailed tactical marketing plan that integrates the extended marketing mix to
achieve marketing objectives
2.1 Product (Complete in 15/12/2022 – 5/1/2023)
- All of products are 2-in-1 laundry detergent (washing + fabric softener). Product line of
Winmart Home Laundry:
Vertical product line expansion. Develop more product lines of laundry detergents with a
variety of scents or uses to reach a variety of needs from consumers.
Improve product design to be more branded with colors and logos that should be
prominent for easy identification from other products on the market.
2.2 Price (Complete in 15/12/2022 – 5/1/2023)
Affordable price, suitable for everyone with a medium - high income. In addition,
Winmart also regularly offers price incentives for this product to attract consumers. (Combo,
BOGOF)
Currently, with Winmart laundry detergent products, there are only deals on combo
prices or preferential prices or BOGOF within the laundry detergent product line.
Preferential pricing policies should be introduced for related products of the Winmart
Home product chain. It is possible to increase sales of all product lines of Winmart
Home, increase awareness and approach closer to the consumer market and expand
market share. For example, buying tissue or floor cleaner from Winmart can be given
with a small bag of Winmart laundry detergent.
2.3 Place (Launching in 5/1/2023 – 1/4/2023)
- Retail system Winmart and Winmart+
- Winmart’s website
Winmart should push Winmart laundry detergent products to popular e-commerce
platforms such as Lazada, Shoppee, Tiki, Sendo to increase revenue from this channel.
Besides, they can push their products through the nationwide supermarket system such as
BigC, Lotte, Aeon. This not only helps increase sales, but also helps increase brand
awareness with customers.
2.4 Promotions
Winmart should choose employees that are highly proficient at enhancing market
strategies and consumer preferences, and who can create effective marketing plans. The
personnel of Winmart should be well-trained with a standard work ethic to ensure client
comfort and satisfaction.
In Winmart's distribution channels, the company's new laundry detergent goods must be
positioned at eye level near the checkout counter so that they are easily available to
customers.
In addition, during Tet holiday (the time this campaign is launched), when consumer
purchasing demand is high, new laundry detergent products are packaged and styled
according to the holiday's theme.
e-commerce
platforms
Increase the Increase the The department Increasing the Winmart will
consumers buy number of of advertising is number of reach this target
and use Winmart Home prepared to people within three
Winmart Home Laundry implement accessing and months
Laundry by products bought communication searching for (15/12/2022 –
30% (improve by consumers strategies. information 1/4/2023)
market share). from 150,000 to Winmart may about Winmart
Increase 250,000 recruit Home Laundry
Mobile-Order- additional and Winmart
&-Pay contributors to Home products
transaction by increase the
15% number of
people
interested in its
goods.
Additionally,
Winmart can
promote this
product's sales
using its own
websites and
e-commerce
platforms
Insight: As a woman who always care about appearance, I want to appear impressive in
front of everyone. Choosing the right laundry detergent is what I care about so that I can
have a clean, beautiful, fragrant clothes. However, I do not have much time for washing
and the detergents I have used are not long-lasting scent, even frayed the color of clothes.
I need a 2-in-1 laundry detergent to save time, effort and to help clothes stay clean,
long-lasting scent, not frayed.
2. An integrated multimedia plan, selecting appropriate digital, offline and social
media channels for communication
Owned media Communication Contents Budget
channels
Website & Website, During the process of 0
social media Facebook, Tiktok, implementing the media
Instagram strategy, homepage of
Winmart will be updated with
new product images that have
a basic yet impressive design.
On platforms, images of
Ambassadors promoting the
product will be posted.
IV) Conclusion
Through this project, I have accumulated marketing strategies for myself. Besides, the
project has helped me better understand the Vietnamese market and come up with suitable
marketing strategies for Winmart Home Laundry. The project has followed the Marketing
strategies very enthusiastically and is very suitable for the Vietnamese market and Winmart
situation. I believe that this project will help Winmart increase its revenue significantly and
increase its brand identity.
V) References