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Activity 1
Activity 1
Activity 1
Assignment Title How to Successfully use Marketing and Media Planning in your
Business
Issue Date 12th January 2024
Student Name:
ID:
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Table of Contents
Introduction.................................................................................................................................3
Marketing....................................................................................................................................4
Market operations...................................................................................................................4
Strategies and Tactics used by Marks & Spencer and ASOS plc...........................................7
SMART Targets......................................................................................................................7
Conclusion................................................................................................................................10
References.................................................................................................................................11
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Introduction
This assessment covers the concept of marketing and marketing operations and the role of
marketing and its functions. This assessment also analyses the role of marketing in the
context of the marketing environment. This report contains an analysis of the external and
internal environment in which the marketing function operates and compares the ways in
which TESCO apply the marketing mix and many more (Jain and Jain, 2022).
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Marketing
Marketing is defined as the process of creating awareness about a product and influencing
customers' opinions about any product or service. Getting feedback from the customer is also
part of marketing such that the company is able to know about its customer preferences and
able to produce products according to fulfil their needs and the company is able to generate
more profit (Rust et al., 2020).
Promotional material covers the banner, advertisements and many more that help TESCO to
conduct marketing campaigns. Search Engine Optimisation is necessary for TESCO to
come in frequent results on any browser such that it helps the TESCO to rank in higher
keywords and customers can easily browse them. Marketing also covers the Conducting
Marketing Research phenomena because TESCO needs to update its product according to
the customer needs such that they remain popular with their customer. Marketing helps them
to conduct this research and understand customer preferences and choices such that TESCO
updates its product and is able to increase its popularity and sales (Nunan et al.,2020).
Market operations
Market operation is defined as the process from marketing to the final deal of the product
such that the company is able to generate an ample amount of profit. The market operations
include the contribution of People, Processes and Technology to complete the desired goal.
The role of marketing operations in achieving the target of sales is decided by the higher
authorities of TESCO using the resources provided to the marketing department. Project
management is defined as the ability the responsibility to manage a project utilising the
available resources to complete the goal of successful project completion. Customer
research is defined as the process of evaluating the market to get the right customer for the
product developed by the organisation (Shah and Murthi, 2021).
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Market and competitive research is defined as the evaluation of customer needs and the
evaluation of the competitor already existing in the market. Campaign analysis and
Reporting is defined as the process of analysing the marketing campaign performance and
tracking the work of the marketing campaign. Data Management is defined as the process of
managing and organising data such that it can be utilised later in an efficient way.
Promotional material is the need of the marketing department because without any
marketing content and promotional material no marketing campaign is conducted. Media
Liaisons are also important because not every customer uses social media some follow news
channels and to remain connected with those customers Media Liaisons are mandatory.
Conducting Customer and market research is necessary to understand the taste of the
customer and helps to develop market-fit products respectively (Grewal and Levy, 2022).
The internal factors that can affect the marketing plan of TESCO include its strengths,
weaknesses, opportunities and threats due to advertisement and marketing. The strength of
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TESCO will make it unable to conduct more marketing campaigns and the weakness will
affect its marketing plan in terms of not providing the right and complete information to the
customer. Opportunity will make the marketing campaign unsuccessful it is deployed in the
developed market in comparison to the developed market. Threats will affect the marketing
campaign in terms of forcing the marketing team to show only the good side of the company.
Strategies and Tactics used by Marks & Spencer and ASOS plc
The strategies and tactics used by Marks & Spencer and ASOS plc to achieve their business
objectives include Marketing at the right place at the right time, promotion and creation of
brand awareness. Both companies focus on marketing initially and analysis the market and
customer audience for their product and target them using digital marketing, social media
marketing and many more digital marketing ways to catch the attention of customers and
convert them into clients. Both these companies are able to understand customer preferences
and price points which helps them to market their product which makes them capable of
achieving their business objectives and fulfilling their decided target to generate revenue.
SMART Targets
Specific, Measurable, Achievable, Relevant and Time-bound are the parameters which help
Marks & Spencer and ASOS to get achieve their targets. These targets SMART targets help
the company to frame small targets which are measurable and achievable such that fulfilment
of these smart targets will give the idea about fulfilling and setting bigger goals. Marks &
Spencer and ASOS plc understand the importance of small goals because they can be fulfilled
in time and need limited resources which helps the company to plan for bigger goals and take
lessons from the small goals learn from them and apply knowledge in achieving bigger goals.
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spending power which will foreign currency will affect
directly affect sales of Marks the revenue and profit of the
& Spencer. ASOS.
Social The boycott of Marks & Brexit has an adverse effect
Spencer due to Brexit will on the business of ASOS Plc
affect their revenue because it will slow down
generation. their sales and productivity
due to many allegations.
Technological The change in technology ASOS need to change its
will affect the profit of Marks technology to cope with the
& Spencer in order to adopt current trend and for that
the latest technology profit reason, it needs to invest its
will be negotiated. profit in the business.
Environmental The change in government To adopt the change in
policies related to the policies related to the
environment will affect the environment ASOS need to
business and manufacturing change its complete process
process of Marks & Spencer. which disturbs their normal
operations.
Legal The change in business To adopt the legal changes
policies will affect the ASOS need to change its
execution of the operation of process which affects its
Marks & Spencer which productivity and profitability.
affect their revenue and
productivity.
SWOT analysis
1. Strength
The strength of Marks & Spencer is their presence and brand quality whereas the
strength of ASOS is its design and brand image in the online world.
2. Weakness
The weakness of Marks & Spence is the execution of operations whereas the
weakness of ASOS is the offline store.
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3. Opportunity
The emerging markets and developing economy are opportunities for both Marks
& Spencer and ASOS (Puyt et al., 2020).
4. Threat
The threats to both organisations are recession and instability in political
situations.
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Conclusion
The conclusion of this report is that marketing is a necessary element of any organisation.
Marketing is the key element with the help of which organisations can become successful and
capture most of the market. There are many factors that can affect the marketing environment
including internal and external factors. The marketing mix also plays an important role in the
success of any organisation. Marks & Spencer and ASOS are the leading organisations in the
fast fashion industry and they are in this position only because of the SMART objectives they
set.
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References
Benzaghta, M.A., Elwalda, A., Mousa, M.M., Erkan, I. and Rahman, M. (2021) SWOT
analysis applications: An integrative literature review. Journal of Global Business
Insights, 6(1), pp.54-72.
Buye, R. (2021) Critical examination of the PESTEL Analysis Model. Project: Action
Research for Development.
Chandy, R.K., Johar, G.V., Moorman, C. and Roberts, J.H. (2021) Better marketing for a
better world. Journal of Marketing, 85(3), pp.1-9.
Hussain, H.N., Alabdullah, T.T.Y., Ries, E. and Jamal, K.A.M. (2023) Implementing
Technology for Competitive Advantage in Digital Marketing. International Journal of
Scientific and Management Research, 6(6), pp.95-114.
Jain, R. and Jain, S. (2022) Analyzing and exploring the effectiveness of each element of 7Ps
of marketing mix. International Journal of All Research Education and Scientific
Methods, 10(1), pp.243-251.
Nunan, D., Birks, D.F. and Malhotra, N.K. (2020) Marketing Research. Pearson Education,
Limited.
Puyt, R., Lie, F.B., De Graaf, F.J. and Wilderom, C.P. (2020) Origins of SWOT analysis.
In Academy of management proceedings (Vol. 2020, No. 1, p. 17416). Briarcliff Manor, NY
10510: Academy of Management.
Shah, D. and Murthi, B.P.S. (2021) Marketing in a data-driven digital world: Implications for
the role and scope of marketing. Journal of Business Research, 125, pp.772-779.
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