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Nov 24, 2024
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Strategic Marketing
Name of the Student
Li Xingyue
School ID
3040
October 2023
2
Task 1: Briefing Report
The retail industry is undergoing a rapid transformation due to technological advancements
and evolving consumer expectations. Amazon Go, a cashier-less supermarket concept, is a
prominent player disrupting the sector since its debut in 2016. This novel shopping approach
has raised concerns among local businesses, compelling them to reassess their strategies to
maintain competitiveness. The purpose of this briefing report is to provide local businesses
with valuable insights and strategic recommendations on navigating the impact of Amazon
Go and other similar disruptors in the retail industry. The report will explore how Amazon Go
influences the market, analyze essential marketing concepts, delve into effective branding
strategies, and discuss their integration into marketing planning. Amazon Go, which was
initially introduced as a trial for Amazon employees, has now expanded its presence across
various locations in the United States. This revolutionary cashier-less supermarket concept
has completely transformed the traditional shopping experience. It allows customers to
effortlessly select their desired items and conveniently exit without the need for a
conventional checkout process. Instead, all purchases made are seamlessly charged directly to
the customer's Amazon account. The remarkable convenience of this shopping solution is
facilitated by the indispensable Amazon Go app, serving as an entry pass and ensuring an
efficient and streamlined experience for shoppers. The technology powering Amazon Go
relies on cutting-edge computer vision, sensor fusion, and deep learning algorithms to
accurately detect when products are picked up or returned to shelves. While predominantly
stocked with delicious ready-to-eat items and essential groceries, specific inventory may vary
depending on each store's unique location.
Amazon ventured into the world of cashier-less shopping, but faced challenges along the way.
Initially, when more than 20 customers entered their stores simultaneously, expansion plans
experienced delays. Nevertheless, it's clear that Amazon Go has the power to revolutionize
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the retail industry and reshape customer expectations regarding convenience and efficiency.
Local businesses, deeply rooted in their communities, face distinct challenges and
opportunities as Amazon Go establishes its presence. The influence of Amazon Go goes
beyond stocking quick meals and grocery essentials; its success relies on the convenience and
efficiency that can significantly reshape customer expectations. It is imperative for local
businesses to prepare for the competition and evolve to meet the changing dynamics of the
retail landscape.
The emergence of Amazon go necessitates local companies to fundamentally readjust their
operations, advertising techniques, and customer engagement. In a landscape where
convenience and efficiency reign excellent, these businesses ought to not simplest adapt
however exceed expectations. it is critical to apprehend that Amazon move represents greater
than simply a store with out cashiers; it indicates a broader transformation in patron behavior
and the retail quarter. To make sure lengthy-time period sustainability, local agencies have to
include techniques that align with these evolving dynamics. To navigate the impact of
Amazon pass efficiently, nearby companies must understand and practice important
advertising standards. these principles shape the foundation for growing powerful strategies
to compete in a continuously evolving retail market. on this discussion, we are able to explore
some key advertising and marketing standards and how neighborhood agencies can put into
effect them. Strategic marketing serves because the fundamental basis for local companies,
permitting them to correctly reply to the ever-converting possibilities of purchasers and
dynamics of the market. This entails conducting thorough marketplace evaluation,
segmenting clients, studying competitors, and establishing green conversation channels. The
closing purpose is to increase a comprehensive advertising plan that seamlessly aligns with
the lengthy-time period objectives of the commercial enterprise. thru the implementation of
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strategic advertising and marketing strategies, nearby groups can proactively address
evolving consumer expectations and market situations.
The STP model, an abbreviation for Segmentation, Targeting, and Positioning, plays a vital
role in guiding local businesses to effectively compete with giants like Amazon Go. This
framework commences by dividing the broader market into smaller segments based on
factors such as demographics, psychographics, behavior patterns, and needs. Local businesses
must carefully analyze these segments to identify the most promising ones that align with
their unique offerings. Once identified, the next step is targeting—the process of selecting
specific segments that coincide with the business's strengths and values. Lastly, positioning
comes into play – creating a distinct image of the business in the minds of the target
audience. This image emphasizes what sets apart the local business from competitors like
Amazon Go by highlighting its exceptional selling points. SWOT, a valuable tool for local
businesses, helps assess their internal and external factors. In light of Amazon Go's market
entry, conducting a SWOT analysis is crucial for local businesses. They gain insights into
strengths, weaknesses, opportunities, and threats to craft strategies for improvement. This
analysis provides a comprehensive view of their current position amidst innovative disruptors
like Amazon Go. The marketing mix, consisting of the 4Ps (Product, Price, Place, and
Promotion), holds immense significance for local businesses. In the case of Amazon Go, it is
crucial for these businesses to thoughtfully assess and adapt their product offerings, pricing
strategies, distribution channels, and promotional activities. Achieving a balance between
cost and value while prioritizing customer-centricity and maintaining a consistent brand
image across all aspects of the marketing mix becomes imperative for local businesses.
Branding plays a crucial role in marketing for local businesses, allowing them to establish
their uniqueness amidst competitors like Amazon Go. Developing a well-defined brand is key
for local businesses as it fosters recognition, loyalty, and trust among customers. Local
5
businesses can gain valuable insights by examining Amazon's triumphant branding case
study. Amazon stands out with its customer-centric approach, innovation, and diversification
strategies. Drawing inspiration from Amazon's commitment to ensuring customer satisfaction
and adaptability across various business domains can empower local enterprises. The ultimate
goal should be creating a brand that resonates with their specific customer base while
effectively conveying their unique strengths. The retail landscape is in a constant state of
evolution, requiring local businesses to adapt in order to remain competitive. The emergence
of Amazon Go has had a significant impact, as it prioritizes convenience and efficiency,
acting as a catalyst for this ongoing transformation. By embracing the recommendations
outlined in this briefing report and effectively incorporating branding concepts into their
marketing strategies, local businesses not only overcome challenges posed by disruptors like
Amazon Go but also establish themselves as valued members of their communities and
formidable contenders in the ever-changing retail market. In an environment where
innovation and adaptability are crucial, local businesses have the opportunity to leverage their
unique strengths and thrive while creating strong, enduring brand identities that deeply
resonate with their customers.
6
Task 1: Speaker Notes
Amazon's cashier-less supermarkets have local businesses feeling uneasy about potential
competition. These innovative establishments allow customers to grab desired items and exit
without the traditional checkout process, leaving businesses concerned about their place in
the market. The market's uncertainty has understandably left businesses with a lot to consider.
Emerging in 2016 was Amazon Go, a groundbreaking idea that allows people to shop sans
traditional checkouts through advanced technology. Transactions are charged straight to a
patron's Amazon account. It was originally piloted for Amazon personnel but has since
mushroomed to five US locations. Accessing the store necessitates employing the Amazon
Go app, which logs a user's Amazon account information. Amazon Go's entry into the
convenience store and grocery sectors has sparked intense competition for local businesses.
The introduction of their seamless convenience and cashier less model poses a significant
challenge. This technology-driven transformation is rapidly reshaping customer expectations,
as efficiency and ease become top priorities.
For local businesses, the concept of strategic marketing is essential. It enables them to adapt
to ever-changing markets, meet evolving customer expectations, and maintain a competitive
edge. In order to remain relevant in the retail landscape, especially in the face of innovative
competitors like Amazon Go, local businesses must carefully consider long-term strategies
and investments. The primary marketing idea to be added is STP, which stands for
Segmentation, focused on, and Positioning. neighborhood businesses need to divide their
marketplace into segments, awareness on specific consumer organizations, and powerfully set
up their logo position. The effect of Amazon pass's expansion to the UK may additionally
range for exceptional nearby businesses relying on the patron segments they target. Using
generation like customer dating management systems can substantially assist in
accomplishing effective STP. The second marketing idea is referred to as SWOT evaluation.
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SWOT stands for Strengths, Weaknesses, opportunities, and Threats, and it is a treasured
device for nearby agencies. through accomplishing a SWOT evaluation, businesses can
determine each internal and external factors to make informed decisions. This system allows
them to become aware of their strengths and weaknesses whilst also spotting the
opportunities and threats they face within the marketplace, mainly in mild of competition
from Amazon go. This section will explore the Marketing Mix (4Ps) - Product, Price, Place,
and Promotion - as the third marketing concept. Local businesses must assess and adjust their
product offerings, pricing strategies, distribution channels, and promotional activities to
effectively compete with Amazon Go. There are some important concepts we need to
highlight when talking about branding, which include brand pyramid, positioning, and
management. The brand pyramid helps local businesses understand the structure of their
brand identity. Brand positioning is the distinct identity of the business against its
competitors. Management involves how these pyramid and positioning is drafted. In
examining the fusion of branding concepts into marketing planning, it is important for local
businesses to ensure that their marketing strategies align with these concepts. This alignment
should encompass consistent messaging, unique differentiators, and a customer-centric
approach. Furthermore, the integration of technology, customer feedback loops, and an
adaptive strategy proves crucial in achieving this harmonious blend. he future outlook and
recommendations are provided for local businesses facing the challenges posed by Amazon
Go. Key recommendations include embracing technology, focusing on community-centric
approaches, personalized service, innovation, sustainability, and ethical practices.
Additionally, collaboration, adaptability, customer feedback loops, and brand management
are suggested strategies for local businesses to thrive.
8
Task 2: Marketing Plan
Executive Summary
Success in the ever-evolving retail industry depends on flexibility and creativity. Our
carefully crafted strategic marketing plan positions us to navigate and capitalize on the issues
presented by Amazon Go's entry and expansion into the UK market. We are not only prepared
to analyze and follow this wave of change but we are also determined to ride it, transforming
obstacles into opportunities. Amazon Go defines the innovative and recently developed
cashier-less shopping concept, and it presents both opportunities and challenges to our local
retail ecosystem.
Unquestionably appealing is its convenient approach, but it has also encouraged traditional re
tailers to embrace innovation and change.
In the end, this course could change how customers perceive their shopping experiences. Our
key goal is to create and build a strong marketing strategy that not only protects our position
but also drives us forward, enabling us to effectively compete in this transformed e-
nvironment. This plan revolves around several essential components: conducting a thorough
evaluating Porter's Five Forces, PESTLE analysis, SWOT analysis, and analyzing
stakeholders. Furthermore, our organization has set SMART strategic objectives. These obje-
ctives provide clear and actionable targets for us to focus on, ensuring that our efforts yield
desired results effectively. This strategic marketing plan serves as a roadmap for our
organization to not just inept and adapt but thrive in the rapidly changing retail landscape.
With Amazon Go's influence, it acts as a catalyst for our evolution and innovation while
maintaining our integral position within the local community. Our priority is delivering
products and services that align with the evolving preferences of our valued customers.
Introduction
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There is a noticeable change in the retail scene as a result of Amazon Go's presence in the UK
market. Conventional retailers encounter difficulties, but they also welcome innovation and
new chances. In addition to addressing the difficulties presented by Amazon Go, this strategic
marketing plan seeks to fully realize its potential. Amazon Go, a revolutionary concept shop
that does away with cashiers, is set to upend the established retail model. Convenience,
efficiency, and customer-centricity are prioritized, which poses a threat to consumer
expectations and habits. Conventional retailers need to get ready for the effects of this
revolutionary strategy. However, hardship frequently acts as a spur for development and
creativity. The arrival of Amazon Go forces us to reassess our plans, hone our methods, and
adjust to a retail environment that is evolving quickly. This strategic marketing plan is
intended to give our company a clear road map so that we may not only survive in this new
environment but also successfully navigate the difficult terrain. This strategic marketing plan
also examines how opportunity and challenge interact. It is our preemptive reaction to the
disruptive influence of Amazon Go. Our objective is to not just adjust but also evolve, using
the opportunity presented by the winds of change¬ to lead our company into uncharted
territory. The path ahead may be uncertain, but by understanding the underlying forces at
play, we are better equipped to navigate this evolving retail landscape and emerge stronger
and more resilient.
The process of strategic marketing as analyzed in this essay involves drafting well crafted
plan that align with your marketing goals. This process commences with implementing a
marketing schedule then drafting the marketing plan after which an audit is done on the same.
The process encompasses some activities conducted within this paper, some including the
analysis of the organization’s environment, understanding of its positioning, and analyzing
the essential marketing mix.
Market Environment Analysis
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PESTLE Analysis
In the ever-changing landscape of the UK retail market, external factors hold significant
influence over business operations. To comprehend the intricate forces at play, a
comprehensive PESTLE analysis becomes crucial. This analysis delves into the Economic,
Political, Social, Environmental, Technological, and Legal aspects that shape our company’s
response to Amazon Go's entry and expansion into the UK market.
Political Factors:
The UK's political landscape encompasses a variety of regulations and policies that can have
a significant impact on our operations. With the entrance of Amazon Go into the market, it is
likely to call the attention of regulators and policymakers. The stance taken by the UK
government on issues such as data privacy, competition, and taxation can greatly influence
the competitive environment. Ensuring adherence to evolving regulations and actively
engaging with such
stakeholders are important
for operating within the legal framework.
Economic Factors:
Gaining an understanding of key economic factors, such as inflation rates, consumer
spending, and economic growth, is necessary to comprehend consumer behavior. (Buye
2021). Introducing the Amazon Go concept presents an efficient, effective, and possibly cost-
effective shopping experience, requiring our organization to adapt to evolving consumer
spending patterns.
We must continue to be flexible in our pricing strategies and stay aware of the macroeconomi
c environment in order to make well-informed decisions about pricing and sales tactics if we
hope to maintain our competitiveness and profitability.
Social Factors:
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The sector of consumer behavior intersects with societal and demographic shifts, reflecting
an intrinsic connection. Amazon Go's prioritization of convenience aligns harmoniously with
the evolving lifestyles of the current consumer. To maintain competitiveness, our company
needs to remain attentive to these current social trends. This entails catering to changing
demographics, including the an increasing focus on convenience and efficiency. Adapting our
product range to synchronize with these changing social dynamics will play an essential role
in retaining and attracting customers.
Technological Factors:
In the modern world driven by technology, the influence of digital advancements on the retail
industry is of great importance (Eierle et al. 2022). Amazon Go's groundbreaking "Just Walk
Out Technology" exemplifies the potential of cutting-edge retail technology. As our
organization adapts to the digital revolution, embracing technology becomes essential. From
enhancing customer experiences using mobile apps and online platforms to optimizing
inventory management using data analytics, it is our role to incorporate technology to stay
competitive and meet evolving consumer demands.
Environmental Factors:
In today's consumer landscape, increasing environmental consciousness and ethical concerns
hold significant sway. It is essential to note that Amazon Go has adopted a sustainability-
focused approach that stands to align strongly with the growing population of conscientious
customers. Our organization can harness this opportunity by embracing sustainable practices.
This includes reducing waste, sourcing products locally, and exploring renewable energy
options. Not only does environmental responsibility align with consumer values, but it also
has the potential to generate positive publicity.
Legal Factors:
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The legal environment includes rules pertaining to consumer rights, data protection, and com
petition.The competitive environment may become more complex as a result of Amazon Go's
existence, potentially leading to legal challenges.
In order to ensure legal compliance, our firm must continue to be watchful and abide by data
protection and competition rules.
Legal risks and difficulties must be taken into account when developing a strategy, which is
why continuing legal counsel and adherence to industry norms are crucial.
Porter’s Five Forces
Porter's Five Forces provides a well detailed strategic framework that thoroughly examines
the competitive dynamics within an industry. In the context of the UK retail market and
Amazon Go's entry, conducting a comprehensive analysis becomes crucial (Aćimović et al.
2020). This examination includes examining the impact of buyers' and suppliers' bargaining
power, threats from substitutes and new competitors, and the level of competitive rivalry.
Each of the given forces plays a significant role in shaping our competitive landscape and
guides our strategic actions.
Bargaining Power of Suppliers:
Suppliers hold considerable power, exerting influence over both product cost and quality
(Anastasiu et al. 2020). The advent of Amazon Go holds the possiblity to reshape traditional
supply chains, potentially altering the dynamics at play. In particular, local suppliers must
build strategic partnerships in order to find trustworthy providers of goods and services.
Having good relations with a company’s suppliers is of essene since any disruption in the
supply chain could result in higher costs and even delays. By collaborating with suppliers,
forming advantageous agreements, and setting up steps to become less dependent on specific
sources, the risk can be effectively reduced.
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Bargaining Power of Buyers:
Nowadays, with the advent of Amazon Go and its innovative shopping strategy, customers
have an abundance of options. Their purchasing power is really powerful, thus our company
must be receptive to their needs. In order to satisfy the ever-demanding demands of our astute
customers, we must customize our pricing tactics, prioritize excellence, and provide
exceptional value propositions. The remarkable combination of low pricing and unmatched
convenience provided by Amazon Go emphasizes how critical it is for our company to place
a strong priority on value. This means putting more emphasis on improving the complete
buying experience in addition to pricing. We can efficiently attract and retain customers by
fostering brand loyalty and introducing rewards programs.
Threat of New Entrants:
The retail industry may see an influx of innovative players with the introduction of Amazon
Go (Ives et al. 2019). This poses a real threat from new entrants, leading our organization to
strengthen its existing customer base and foster innovation to maintain market share. To effe-
ctively counter this challenge, we must prioritize differentiation.
Threat of Substitutes:
Alternative products or services that meet comparable customer needs pose a challenge to the
retail industry. Amazon Go offers a strong alternative to conventional retail methods, thanks
to its technology-driven strategies. In order to meet this challenge, our company needs to
expand the range of products it offers in order to stay current and appealing to customers. It is
possible to lessen the effects of alternative offerings by creating distinctive services,
partnering with local craftspeople, and investigating supplementary business lines (Yusuf et
al. 2022). By providing a wider selection of goods, such as unique or regionally sourced
goods, we may differentiate our company from possible competitors and offer a unique value
proposition.
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Intensity of Competitive Rivalry:
Competitive rivalry is an important aspect of the retail industry. The entry of Amazon Go
further rises this competition, resulting in innovation and differentiation crucial in
maintaining a competitive edge. Our organization needs to not only prioritize preserving its
traditional strengths, such as community engagement and personalized service but also harne-
ss technology to enhance efficiency and convenience. By integrating online and mobile
platforms, we can facilitate seamless shopping experiences. Additionally, monitoring compe-
titors and staying attuned to evolving customer preferences are essential for our organization
to stay ahead.
SWOT Analysis
An essential ingredient in our strategic marketing plan is a SWOT analysis. This assessment
comprehensively evaluates the internal strengths and weaknesses of our organization, along
with the external opportunities and threats arising from Amazon Go's entry into the UK
market (Huberman 2021). Through this research, we can effectively address any
vulnerabilities we may have, take advantage of opportunities, and strategically leverage our
strengths to offset threats.
Strengths
:
1.
Personalized Service: Our dedication to delivering individualized assistance and
support is a distinguishing characteristic. We have fostered an environment that
embodies warmth, friendliness, and personal attention towards our valued customers.
This quality makes us stand apart in the retail industry, where automation and self-
service are steadily gaining prominence.
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2.
The local community recognizes and acknowledges our well-established brand.
Through quality, reliability, and a customer-centric approach, we have developed a re-
putation that reflects trust and commitment. These values resonate strongly with our
loyal customer base.
Weaknesses:
1.
Limited Technological Adoption: Inspite the strength and essentiality of our
personalized service, our organization has been slow to embrace modern
technology. In contrast, competitors like Amazon Go have already fully embraced
technological improvements and advancements to optimize operations and elevate
the customer experience. Consequently, our lack of technological integration
stands as a significant weakness.
2.
Resistance to Change: The organization adheres to traditional business operations,
which may lead to resistance when it comes to embracing new strategies and te-
chnologies. This resistance can pose challenges in the adaptation and imple-
mentation process, potentially arising from both employees and long-standing
customers.
Opportunities
:
1.
Community Engagement: Our organization has a unique opportunity to actively
engage and work with local causes and initiatives, that leverage on our strong
community presence. By getting involved, we can strengthen customer loyalty and
inforce our brand as a socially responsible entity.
2.
Businesses that embrace technology can access exciting opportunities. Through the
use of mobile apps, online ordering platforms, and e-commerce platforms, they can
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adapt to the constantly changing preferences of tech-savvy consumers. This broadens
their market reach while also improving the entire client experience.
3.
Sustainability and Ethical Practices: The company acknowledges that ethical
purchasing is becoming more and more common and offers a chance to stand out.
Attracting a conscientious customer base can be accomplished by adopting
sustainable and ethical methods, like sourcing items locally and supporting
environmental initiatives.
Threats:
1.
Amazon Go's Entry into the UK market emerges as an immediate and formidable
threat. The innovative, cashier-less approach of Amazon Go, coupled with their many
resources, has a significant challenge in terms of competition and customer retention.
2.
Consumer Behavior Transformation: Consumers' shifting preferences, which include
their propensity for efficiency and convenience, provide a significant issue. It is
critical that our company adjust to these changing consumer demands and provide
novel and worthwhile solutions.
3.
Intense Competition: The retail sector already faces intense competition. This
competition has become even more intense with the arrival of Amazon Go, which
increases the need for our company to stand out in a crowded market and
continuously innovate in order to hold onto market share.
Stakeholder Analysis
In our organization's internal journey, stakeholders play an essential role. These individuals
and groups encompass diverse entities like suppliers, employees, customers, the local
community, and even competitors. Our operating landscape is considerably shaped by their
17
involvement. Our stakeholder study is a strategic approach to understanding their
perspectives, needs, and influence, not just a functional analysis of their jobs. We can
effectively negotiate the dynamic challenges presented by Amazon Go's entry into the UK
market if we do this with skill.
Consumers are the focal point of our stakeholder environment. They hold considerable sway
through their purchasing power and unwavering loyalty. By understanding the needs and
preferences of our customers, we can tailor our offerings and services to not only meet but
also exceed their expectations. This approach ensures customer loyalty and fosters positive
word-of-mouth, which is crucial for retaining our market share.
The commitment and morale of our employees play a crucial role in the success of our
organization. A motivated employee workforce
not only provides excellent and efficient
service but also contributes to innovation, giving us a competitive edge. We prioritize
investing in training, offering incentives, and ensuring fair treatment to boost employee
satisfaction and drive positive customer experiences.
Suppliers play an essential role in our supply chain as essential partners. The timely and cost-
effective delivery of their goods and services significantly impacts our operations and
profitability. Through cultivating partnerships that benefit both parties, we guarantee a
consistent flow of goods, advantageous conditions, and assistance for regional enterprises. In
the end, this boosts the local economy here.
We place a great deal of significance on the local community since we cherish our
relationships with them. Their participation and encouragement in a range of initiatives and
causes not only foster positive connections but also solidify our standing as an ethical
business. Our brand image is strengthened by this active engagement, which also encourages
community support and continued loyalty.
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In a highly competitive environment, rivals act as both challenges and inspiration. It is
imperative to keep an eye on their inventions and initiatives. Maintaining market share and
resilience against Amazon Go's entry relies on differentiation, innovation, and staying ahead
of competitors.
The stakeholder analysis offers valuable points and insights into the various perspectives that
influence our organization's operations. It serves as a strategic tool, informing our decision-
making process and helping us identify shared goals and potential conflicts. Moreover, it
guides us in cultivating relationships that extend beyond mere transactions, emphasizing
mutual benefit and long-term sustainability. As we navigate the challenges posed by Amazon
Go and strive to thrive in the UK market, the significance of stakeholder relationships cannot
be underestimated.
SMART Strategic Objectives
Objective 1: The company aims to embrace technology and establish an e-commerce
platform within the next 12 months. This strategic play will ensure a strong online
presence
Objective 2: The company aims to enhance customer loyalty by achieving a 20%
increase within the next 18 months. This will be accomplished through offering
personalized
Objective 3: The organization aims to collaborate with local suppliers in an effort to
broaden the number of products offered and simultaneously attain cost reduction
within a span 12 months.
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Objective 4 aims to enhance employee satisfaction by 15% within a timeframe of 12
months, accomplished through comprehensive training programs and enticing
incentives
Objective 5: The objective is to achieve a 10% increase in brand recognition within 24
months. This will be attained by emphasizing sustainability and ethical practices
Market Segmentation
Market segments provide essential and valuable insights for tailoring marketing efforts to
specific customer groups. By pinpointing the unique needs and preferences of these segme-
nts, organizations can build more effective marketing campaigns and products. This approach
ensures that businesses deliver precisely what their customers truly desire.
Selected Market Segment:
The "Conscious Consumer" segment has been identified as highly relevant. This particular
group values ethical practices, sustainability, and community engagement (Kumar et al.
2020). It perfectly aligns with our organization's strengths and presents a valuable
opportunity to differentiate ourselves effectively from Amazon Go. To specifically target this
segment, we can offer sustainable and locally sourced products, actively engage in
community initiatives, and emphasize our unwavering commitment to ethical business
practices.
The market segment focused on by Amazon Go is based on geography. The focus is
on customers in the city region. The segment is selected because of their characteristic high
adoption to new technologies and their high-tech appearance. The city population is lso
diverse, allowing for Amazon Go to reach a diverse customer base.
Marketing Mix
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The marketing mix is essential for implementing our marketing strategy. Each element plays
a vital role in delivering the brand promise for Amazon Go and effectively engaging with the
Conscious Consumer segment (Zollo et al. 2020).
The company integrates marketing mix
into their context by considering aspects of pricing, promotion, and distribution. Among these
strategies, the organization strives to establish a strong market mix that allows it to generate a
strong brand for the customers. Amazon go has established a strong relationship between
their marketing mi and their product life cycle through the three strategies highlighted.
Pricing Strategy:
To attract the Conscious Consumer segment, it is recommended to implement a competitive
pricing strategy. This pathway aligns with their value-conscious nature while highlighting the
affordability of our sustainable and locally sourced products.
Promotional Strategy:
Promoting our brand should primarily emphasize sustainability, ethical practices, community
involvement, and the convenience enabled by technology. One effective approach to
communicate these key points is through social media channels, content marketing, and
engaging community events.
Distribution strategy
The availability of our products in both an e-commerce platform and physical stores should
be given priority. It is crucial to utilize technology for efficient distribution and local
sourcing.
Branding
Amazon Go has branded itself as a portal to the future of shopping. This branding is
cemented by its positioning in the consumer market on shopping which fits perfectly into the
21
next generation of shoppers. The company utilizes its unique selling point to influence its
market positively. By strongly positioning itself and utilizing its marketing mix, the
organization utilizes it brand to strengthen its services.
Conclusion
In the forefront of Amazon Go's entrance and expansion into the UK market, our organization
must strategically position and place itself to not only withstand but also thrive and prosper
amidst this challenge. Our well-defined roadmap for adapting and succeeding in the
constantly changing retail landscape is backed by our strategic marketing plan, which is
supported by extensive analyses like PESTLE analysis, Porter's Five Forces, SWOT analysis,
stakeholder analysis, SMART objective analyses, market segmentation, brand positioning,
and the marketing mix. We hope to successfully set ourselves apart from the competition and
create enduring brand recognition among socially conscious consumers by embracing
technology, fostering community partnerships, and placing a high priority on sustainable
practices.
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