Preview

Analysis Marketing Plan of Tesco Plc Essay Example

Powerful Essays
Open Document
Open Document
5196 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Analysis Marketing Plan of Tesco Plc Essay Example
Table of Contents
Executive Summary
Introduction
1. Contextual analysis of the Tesco
2. Customer Analysis (markets, segmentation, targeting and positioning, branding)
3. Competition analysis (major competitors, their strengths and weakness etc)
4. Tesco strategic approach
5. Channel analysis (distribution and communication)
6. Marketing Management Implementation of Tesco Plc
7. Contingency Plan
Conclusion
References

Executive Summary
This article discusses about marketing-plan developed for Tesco Plc which is the largest retail network of retail food stores in UK. The marketing plan covers various important aspects which are significant for processing the marketing problems connected with internal and the external environment of Tesco.
The article has critically analyzed the situational analysis in which organizational strategy, client’s behavior, Porter’s five forces; the Ansoff matrix (to determine products and market growth strategy), SWOT-analysis and marketing efficiency have been described. In the objective section of the marketing plan, mission, vision, corporate objectives and marketing objectives of Tesco are examined from high angle of perspective and various strategic measures of segmentation, targeting and positioning are suggested to gain competitive advantage. As Tesco constantly faces threats of capturing its market share by nearest rivals, how marketing mix of 7ps, will help Tesco to analyze its current position in food retail sector of UK is highlighted. Assessment of Tesco management also has been given in the marketing plan which includes key parameters of efficiency. Beside contingency plan of Tesco is also discussed. (Clarke, 1994)
Introduction
Changes occurring in scenario of marketing have been posing problems for all retail companies in-spite of their competitive positions in the market. The marketing plan is revival step for the company to give a new direction for its business.
I have chosen Tesco Plc for the

You May Also Find These Documents Helpful

  • Best Essays

    The article at hand is a report discussing the structure of several industries and the various marketing strategies they use. The strategies have undergone severe analysis based on several theories of marketing. To help explain these concepts the fast food industry is the main source of reference. In addition, we will use Hungry jack’s limited as the main example in the fast food industry. Based on the different approaches the company has used a sound conclusion was reached. This enables us to gain in-depth knowledge on the different marketing strategies companies in the fast food industry use. Through this, we are also able to determine the various challenges affecting the industry. The reports also clearly show the strengths and weakness of firms in this…

    • 3289 Words
    • 14 Pages
    Best Essays
  • Good Essays

    The marketing mix should consist of the following: the right product; making sure it’s sold at the right price; in the right place and to make sure it’s used in the most suitable promotional techniques. Furthermore, one example of a company who ensures it meets its marketing mix is Sainsbury’s. Sainsbury’s as a marketer ensures that their products have the right features – for example: looking good and working to a satisfactory standard with its customers. Sainsbury’s also ensure that they meet their marketing mix by ensuring that their prices are right. In order for the company to take in a huge sum of profit, they must ensure that their prices are right so that consumers can buy in large numbers in order to provide profit towards the company. They also ensure that products are in the right place at the right time so that they can provide a service to their consumers efficiently in order to make profit. Finally, the last technique that Sainsbury’s will use to meet their marketing mix is promotion. In order to meet their marketing mix, Sainsbury’s advertise and promote their existence to their target audience so that they are aware of their products. Ideally, successful promotion helps a firm spread costs over a larger output which is why Sainsbury’s focus purely on this marketing technique. However, there are other methods/ techniques that are authentic to Sainsbury’s alone such as divisions. Hence, Sainsbury’s divides its customers and marketing department into three components. A marketing team will focus purely on improving the brand awareness across a range of channels and outlets using Sainsbury’s website. Moreover, the companies media team will focus on maintaining a positive image in the newspapers and television along with magazines and the internet while the customer team focuses on improving and working on the aftersales experience of the company.…

    • 850 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    unit 3 distinction 1

    • 1437 Words
    • 5 Pages

    One of Tesco’s concepts is to have “A growing business, full of opportunities” [1]. Marketing may contribute to this principle by researching new, different and effective ways of reaching specific target market. For example if marketing were looking to promote Tesco’s range of fresh fruit, particularly to children below the age of 12 due to the rising population of overweight children, they may advertise on the television in the day time on channels that are popular with children. This would be effective as more children watch television in the day time, on the channels that they are most likely to watch means they will see Tesco’s advert more than other market would and they would increase demand and sales of the range of fruits. This will contribute to the overall principle as it means that the organisation is growing.…

    • 1437 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Phase 5 (Ip)

    • 3223 Words
    • 13 Pages

    The purpose of this paper is to reveal how relevant it is to know the importance of how effective and superb a business plan needs to be within the marketing industry. This paper will specify important key concepts of how a business plan needs to be conducted such as; customer segment, marketing problem, solution to marketing problem, business marketing objective goals, differentiation, and an analysis of a business. I stress the fact, knowing the roles of a business and its business-plan can determine the outcome how well the business will succeed in the targeted marketing industry.…

    • 3223 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    Scottland Segmentation

    • 415 Words
    • 2 Pages

    The marketing strategy was started to be constructed on the internal and external analysis. First was decided what the company will sell in order to positionate their selves in the customers mind. The Company in order to succeed they need to sell in the background of the product emotions, stories which are crucial nowadays, having a ‘renaissance society’. In the second step the information about the market were collected to have a better insight about the segments that can be made and also to understand which economic elements can affect the company.…

    • 415 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Mkt421 Marketing Mix Paper

    • 1364 Words
    • 6 Pages

    Nowadays, for a company to be successful in the business world one must have a good marketing plan to be successful. One way to accomplish a successful business plan is to use something known as the marketing mix or the four P’s of marketing. These four P’s of marketing are known as the product, place, price, and promotion. If one uses these four P’s one will notice that each of these cover their own part in marketing, which will help make a successful marketing plan. In this paper one will see what each of these four P’s are in marketing. Also one will see how each of these four P’s is used in the marketing plan for Dutch Bros Coffee.…

    • 1364 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Marketing involves a total system of interacting activities designed to plan, price, promote and distribute products to present and potential customers. For a business to gain a clear picture of where the business is at present and where it could be in the future, a marketing plan acts as an important ‘road map’. A marketing plan provides purpose and direction to all of the business’s activities and is made up of six key elements: (i) situational analysis; (ii) market research; (iii) establishing marketing objectives; (iv) identifying target markets; (v) developing…

    • 767 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    During the recent economic crisis, big businesses such as supermarkets are under pressure to develop marketing in order to attract customers Most successful businesses depend on outstanding marketing strategies to win the market share and to ensure their products and services satisfy the needs of consumers. Marketing can also have a significant effect on a company's performance in terms of influencing the customers’ buying behavior. This essay will discuss different types of marketing strategies used by supermarket companies focusing on four main aspects: products placement, own brand, pricing strategies and activities, as well as comparing how Tescos, Morrisons and Aldi used them in marketing.…

    • 1217 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Analysis of Tesco

    • 3699 Words
    • 15 Pages

    In my assignment the focus will be on analysing the business environment within the food retail industry in relation to Tesco. Also, there will be an analysis of Tesco’s resource capability on their domestic market in UK.…

    • 3699 Words
    • 15 Pages
    Powerful Essays
  • Best Essays

    Economic factors are of concern to Tesco, because they are likely to influence demand, costs, prices and profits. One of the most influential factors on the economy is high unemployment levels, which decreases the effective demand for many goods, adversely affecting the demand required to produce such goods.…

    • 2763 Words
    • 12 Pages
    Best Essays
  • Better Essays

    Tesco’s started operating in the UK 1924 and by now, the run 3054 stores just in the UK. Tesco is a worldwide business, but over 60% of group sales and profits come from the UK business. I will be investigating at external environment for Tesco’s in UK – political, legal and social and how these affect the business activity of Tesco.…

    • 2570 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Tesco Strategic Marketing

    • 1925 Words
    • 8 Pages

    The ability of a business to stay in the industry is one measure of the business success. This means that being able to survive is a necessity and survival translates to the ability of a business to compete. Since 1980s, marketing strategies have played key roles in planning to overcome challenges. It is believed that this line of thinking will continue to direct the activities of business into the 21st century (Paley 1999). In addition, it is also believed that good managers have the ability to formulate and implement competitive strategies. This is the case since competitive strategies have the capacity to make the business organization stand out among the sea of competitors within the same industrial sector. Therefore, competitive strategies can ultimately aid business organizations in increasing their profitability and achieve their goals. The following sections of the paper will be discussing the rationale behind competitor analysis. In addition, how competitor analysis can help in ensuring the survival of a business organization will also be tackled.…

    • 1925 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Tesco

    • 7490 Words
    • 30 Pages

    The report below provides an insight into the supermarket company, Tesco, with emphasis on its еxtеrnal еnvironmеnt analysis and company 's analysis of resources, compеtеncе and culture. Two future strategic options are suggested in regards to the resources based strategies.…

    • 7490 Words
    • 30 Pages
    Powerful Essays
  • Powerful Essays

    Tesco; Strategic Direction

    • 2975 Words
    • 12 Pages

    In addition this report studied the interaction of five different forces that happen in the business using Porter 's Five Forces Model introduced by Michael Porter (1980). The benefit of using of IT and internet for online shopping also gives benefit where Tesco can gain more profit. Implementation issue of strategy also explained for instance they have a problem when there was too much data and the problems with the data warehouses and how they create the solutions. This report also examined about the customer value in Tesco and discovered how they build a strong relationship to their customers. Lastly, the report concludes by recommendation that would be used by the organisation in order to maintain their growth in the food and non-food products.…

    • 2975 Words
    • 12 Pages
    Powerful Essays