Friday, December 20, 2019
Tesco Boston Matrix and Ansoff Matrix - 1156 Words
Access to Business Unit Title: Marketing - Level 3 Credit Value: 6 credits Tutor: Alison Unwin Unit Code: 3-BA1-045 Email: aunwin@centralbeds.ac.uk This unit has 4 learning outcomes. LEARNING OUTCOMES ASSESSMENT CRITERIA PROPOSED ASSESSMENT EVIDENCE (TBC) Assessment Evidence Answer paper The Learner should be able to: 1. Establish the importance of the marketing environment The Learner can: 1.1 Analyses the difference between micro and macro environmental factors 1.2 Compare and contrast a minimum of two tools such as SWOT and POWER SWOT and apply to business solutions 1.3 Critically contrast Primary and Secondary research methods 2.1 Evaluate the use of tools such as Boston and Ansoff Matrix to business situations 2.2â⬠¦show more contentâ⬠¦You will be required to advise the business on a number of aspects and give a written report to your selected business. Please choose a business that you would like to use as your case study for the whole unit. Choose carefully and pick a business that you find interesting or already work/ed for. You will be required to research the business and its marketing strategies, so make sure your business has plenty of information available to you via various research methods, i.e. publications, internet, journals etc.. 3 Learning Outcome No 1 (Establish the importance of the marketing environment) Answer paper 1.1 Analyse the difference between micro and macro environmental factors Please use your chosen business and analyse the difference between the micro and macro environmental factor that concern your business. First explain the difference between micro and macro environmental factors and then give details on the micro and macro environmental factors that could impact your chosen business. 1.2 Compare and contrast a minimum of two tools such as SWOT and POWER SWOT and apply to business solutions Use your chosen business and describe and use at least two marketing tools such as SWOT, POWER SWOT and PESTLE analysis to assist with various business solutions that your chosen business may come across. Examples could include: Expansion, new product, new market,Show MoreRelatedBcg Matrix Is A Model Developed Via The Boston Consultancy Group1691 Words à |à 7 Pagesââ¬Æ' BCG Matrix The BCG matrix is a model developed via the Boston Consultancy group within the early 1970ââ¬â¢s. It is a good known device for an advertising manager. It s based on the commentary that a companyââ¬â¢s business models can be categorized into four important categories centered on combos of market development and market share, for this hence the name growth-share matrix. Market progress represents the industry attractive attractiveness, and market share stands for competitive knowledge. ThisRead MoreSustainable Strategy- a Business Report on Marks Spencers Plc.3697 Words à |à 15 Pagesstrategic direction, success criteria and backed up by future recommendations for the company based on all the mentioned aspects. The frameworks used to analyse the company are: PESTEL Analysis. Porterââ¬â¢s Five Forces. SWOT analysis. ANSOFF Matrix. BCG Matrix. Porterââ¬â¢s generic Strategy. Bowmanââ¬â¢s strategy clock. Table of Contents Sr. No. : | Contents | Page no. | 1 | Introduction/Background | 4 | 2 | Strategic Position | 5-7 | 3 | Strategic Direction | 8-11 | 4 | Success CriteriaRead MoreSecondary Research3401 Words à |à 14 Pagesindustries due to the great amount of competition. The grocery market changes constantly. How well a business is doing can change drastically in such a small period of time. However, luckily a lot of the key businesses in the grocery sector such as Tesco (who holds currently 30.7% of the market shares) and ASDA (who hold17.2%) are not key competitors to Starbucks as they have a different target audience. To ensure that the business becomes a key player in the grocery market; competing with the likesRead MoreWaitrose Analysis Essay1256 Words à |à 6 Pagescore business of the supermarkets and spending on food in the UK has been growing year-on-year since 1990; The market has proved to be very recession proof. However non-food articles account for a growing share. 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Supportive Investment Strategies MS ware pursuing growth investment strategy that can be explained with help of Ansoff growth model. 1.3.2. Ansoffs Product/Market Matrix The Ansoff matrix entails four possible product/market combinations: Market penetration, product development, market development and diversification (Ansoff 1957, 1989). Ansoff Model |Existing Products |New Product | |Existing | | Read MoreStakeholder Analysis7681 Words à |à 31 Pagesawareness in the countries of Central Europe (Poland, Czech Republic, Slovakia, Romania, Bulgaria and Turkey). That is not only dictated by the fact that the Polish economy is withstanding the condition of the global recession. It is as well because Tesco, who is one of their main customers is going to be investing millions of pounds in those markets. It has been said that in Poland à £ 0.5 billion will be invested. That is why McCue has spotted an opportunity in those markets and is focusing on establishingRead MoreEnvironmental Analysis19492 Words à |à 78 Pagesonly into account the external environment. It is equally important to consider internal factors. SWOT analysis is the name given to a full analysis of internal and external factor. SWOT Analysis SWOT Analysis, or sometimes known as the TOWS Matrix, is a strategic planning tool used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture or in any other situation of an organization or individual requiring a decision in pursuit of an objectiveRead MorePorters Generic Strategies Framework3419 Words à |à 14 Pagescharge an average price while following the low cost leadership strategy and reinvest the extra profits into the business (Lynch, 2003). Examples of companies following a cost leadership strategy include RyanAir, and easyJet, in airlines, and ASDA and Tesco, in superstores. The risk of following the cost leadership strategy is that the companys focus on reducing costs, even sometimes at the expense of other vital factors, may become so dominant that the company loses vision of why it embarked on oneRead MoreWhat Is Porters 5 Forces Analysis? What Are the Main Aspects of Porters 5 Forces Analysis? How to Write Good Porters 5 Forces Analysis of a Company? Where to Find Information for Porters 5 Forces Analysis.2761 Words à |à 12 Pagestime by low buyer power (Porter, 1998). Bargaining power of suppliers exists in the following situations: Ã⢠Where the switching costs are high (switching from one Internet provider to another); Ã⢠High power of brands (McDonalds, British Airways, Tesco); Ã⢠Possibility of forward integration of suppliers (Brewers buying bars); Ã⢠Fragmentation of customers (not in clusters) with a limited bargaining power (Gas/Petrol stations in remote places). The nature of competition in an industry is strongly
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