Swot Analysis Of Marketing Plan For Asda
Marketing Management Marketing Plan of AsdaIntroduction
Marking planning is one of the main functions of marketing department of an organization (Kotler, 2003). This coursework will focus on marketing strategy and plan of ASDA. The main points of discussion in this coursework are internal and external analysis, SWOT analysis, market targeting and marketing mix.
Vision Statement of AsdaAccording to Asda (2009) the main aim of the organization is to serve the customers by offering them lower prices and giving their customers respect for which they deserve. They want to achieve this goal through their staff called colleagues. They are developing their skills. So they can satisfy their customers’ expectation and make their visit to store more …show more content…
They prefer to buy bulk of goods from their favourite stores. This gives them benefit of time saving and less hassle. This also has developed the loyalty culture. The marketers are trying to understand the changing in thinking and taste of people and developing products to satisfy their changed needs.
Political and legal environment
The government of United Kingdom is thinking about out of town policy for the supermarket. This is negative for the supermarket and they will lose significant part of their sales due to this reason. The people will not come to store for the casual products. The control over the inflection is also function of government. The government of United Kingdom have taken number of quantitative measures after credit crisis. These enable the government to keep rate of inflation under 3%. Fiscal policy, monitory policy, employment policy or taxes are main part of government of United Kingdom. (Hitt, et al 2008)
Technological …show more content…
Their financial strength is also higher due to support of their parent country. They have improved their managerial skills and developed number of best practices which they get from Mal-Mart. The organization is adopting lower price strategy which is best tool to attract more customers in current economic environment. (Lee and Lin, 2008)
Weaknesses
ASDA is lacking in smaller stores while their competitor Tesco is getting huge sum of money for smaller stores. It is not possible for the company to build bigger stores at shorter distance. The market share of ASDA is constant from number of years. This shows that there is no growth opportunity for the organization in future if conditions remain same. (Lee and Lin, 2008)
Opportunities
The organization has greater chances to diversify their business to India, China and other emerging economies. There are number of smaller and local chains which are struggling. ASDA can take over these stores and re-structure them to increase their customer base. (Lee and Lin, 2008)
Threats
the obvious threat of ASDA is its close competitor Sainsbury’s. If economy goes in further recession then organization is not in the position to reduce further prices as they are selling already at lower prices. (Lee and Lin, 2008)
Marketing
Marking planning is one of the main functions of marketing department of an organization (Kotler, 2003). This coursework will focus on marketing strategy and plan of ASDA. The main points of discussion in this coursework are internal and external analysis, SWOT analysis, market targeting and marketing mix.
Vision Statement of AsdaAccording to Asda (2009) the main aim of the organization is to serve the customers by offering them lower prices and giving their customers respect for which they deserve. They want to achieve this goal through their staff called colleagues. They are developing their skills. So they can satisfy their customers’ expectation and make their visit to store more …show more content…
They prefer to buy bulk of goods from their favourite stores. This gives them benefit of time saving and less hassle. This also has developed the loyalty culture. The marketers are trying to understand the changing in thinking and taste of people and developing products to satisfy their changed needs.
Political and legal environment
The government of United Kingdom is thinking about out of town policy for the supermarket. This is negative for the supermarket and they will lose significant part of their sales due to this reason. The people will not come to store for the casual products. The control over the inflection is also function of government. The government of United Kingdom have taken number of quantitative measures after credit crisis. These enable the government to keep rate of inflation under 3%. Fiscal policy, monitory policy, employment policy or taxes are main part of government of United Kingdom. (Hitt, et al 2008)
Technological …show more content…
Their financial strength is also higher due to support of their parent country. They have improved their managerial skills and developed number of best practices which they get from Mal-Mart. The organization is adopting lower price strategy which is best tool to attract more customers in current economic environment. (Lee and Lin, 2008)
Weaknesses
ASDA is lacking in smaller stores while their competitor Tesco is getting huge sum of money for smaller stores. It is not possible for the company to build bigger stores at shorter distance. The market share of ASDA is constant from number of years. This shows that there is no growth opportunity for the organization in future if conditions remain same. (Lee and Lin, 2008)
Opportunities
The organization has greater chances to diversify their business to India, China and other emerging economies. There are number of smaller and local chains which are struggling. ASDA can take over these stores and re-structure them to increase their customer base. (Lee and Lin, 2008)
Threats
the obvious threat of ASDA is its close competitor Sainsbury’s. If economy goes in further recession then organization is not in the position to reduce further prices as they are selling already at lower prices. (Lee and Lin, 2008)
Marketing