The study “Marketing Mix Strategy for John Lewis” is about John Lewis, a UK based retailer of furniture, electronics, homewares, toys and other products. The aim of the study is to illustrate a marketing plan for John Lewis along with a few suggestible marketing mix strategies…
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Objective for John Lewis John Lewis is based upon ownership structure and commercial success that are unique in nature and built upon partnership reputation. Thereby, the overall objectives of the organisation should focus upon partners, customers and profit. Partners should achieve personal satisfaction in being one of the members of a co-owned enterprise, employ and preserve loyal customers through their application of their continuous trust and should make adequate profit to continue commercial vitality with expectation and profit sharing among members (John Lewis, 2011). 1.1. Marketing Objectives Marketing objective will be towards the achievement of overall goals of the business. There are objectives that are related to product. John Lewis needs to launch more product lines either through their own brands or through collaboration with other brands in different parts of the world (Mesure, 2005). Production cost and other costs need to be reduced so that products are affordable and competitive pricing is maintained. There are certain merchandises that have gained high sales volumes. Also, many of the merchandises experienced low sales volumes. Strategy needs to be developed to manage the product lines according to own brand and other brands that are associated with high and low margin. 2.0. Environmental Analysis 2.1. Political Environment The government of the UK encourages the retailers to offer mix job opportunities from locally-based, flexible jobs to highly-skilled and higher-paid jobs. This industry is high with regards to staff turnover. However, the model of John Lewis ensures that the employees are loyal to the company. 2.2. Economic Environment Economical factors have the influential power to affect John Lewis and Waitrose in terms of price, profit and cost. Due to financial crisis, there has been increase in the level of unemployment. This tends to affect the demand for goods and services (Adair & Et. Al., 2009). The economic factors are at the certain point of time, out of control of John Lewis and have its effect on the company’s performance and thus marketing mix can be intense. The slowdown in market will affect John Lewis in non-food category and Waitrose in food category. However, this is not under the control of the company.
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For strategic analysis the report investigates the market and customers served by John Lewis. The analysis indicates that the company is facing issues of positioning itself among the standard customers. The analysis also investigates the factors chosen in the construction of the market qualifiers and the market winners.
Over the years the retailing industry has also grown into newer selling strategies such as providing delivery based services, using the internet to boost sales and the like. The domain of these new support activities is also considered to be part of the retailing industry.
These retail companies and outlets all come together to compose the overall retailing industry. Most retailing businesses rely on the provision of goods, services and commodities although the provision of services need not be a severe commitment in business.
Retail industry is the subdivision of economy which comprises of trade of finished goods to the end user. The industry is expanding at a considerable rate globally. The reason behind the fact is growing awareness of the consumer and amplified competition amongst the market leaders.
The objectives of the present study are: to analyze the strategy of company to deliver products and services to its customers; to use of marketing mix strategy, if any, and its impact on the business; to find whether integration of any other P’s of marketing mix will benefit the company; budgetary allocations are added.
s a clear implication on the marketing mix strategies (explained in terms of price, product, place and promotion) to be applied by the company in Afghanistan as compared to its home country operations in the UK. Correspondingly, this paper intends to discuss about the comparison
Under the ‘Hill’s’ brand, the company also manufactures products, especially for veterinary purposes. Its headquarters is on Park Avenue, Midtown Manhattan at New York City. Moreover, the company is also considered as a leading global manufacturer as well as the marketer of soap, toothpaste and a wide range of hygiene care products.
In the following section recommendations are made regarding marketing mix in the context of ‘V’ which is a famous energy drink that is mainly available in Australia and New Zealand. Product At present, V is available in four different flavors – V Green, V Lemon, V Black, V Sugar free and V Berry.2 Utilizing the popularity of the brand image of V and the market presence of these existing flavors, a new flavor in the form of ‘orange’ can be introduced by Frucor Beverages Ltd which is the holding company of the energy drink.
This study discusses situational analysis which will include the strategy of John Lewis, its customers and the SWOT analysis of the organization. The objective section of the marketing plan will shed light upon the vision, marketing objectives and the corporate objectives of the organization.
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