1 Halal-wide Product Lines for Halal-wide Target Market 2 Understanding the Consumer Led to Low Pricing Strategies 3 Promotional Strategies fall Secondary to Pricing and Products 4 Agg
Trang 1PRESENTATION AEON Marketing Plan
(2011441666) Annabelle Anbrews (2011463864)
BM 220 5C FACULTY BUSINESS ADMINISTRATION
(MARKETING)
Trang 2NEW VISION, MISSION AND GOALS
MONITORING AND CONTROL
RECOMMENDATION
Trang 3What is marketing plan?
“The written document that summarizes what the marketer has learned about the marketplace and indicates how the firm plans to reach its marketing objectives.
INTRODUCTION
Trang 4Company background:
•AEON CO (M) BHD is a leading retailer in Malaysia with total revenue of RM3.26 billion for the financial year ended 31 December 2012
•The Company was incorporated on 15 September 1984
•AEON CO (M) BHD (AEON or the Company) was set up in response to the Malaysian Government’s invitation to AEON Japan to help modernize the retailing industries in Malaysia
•The ‘AEON’ name today is well established among Malaysians as well as foreigners, especially due to its association with the international AEON Group of Companies
•At all times, in every market, AEON’s activities are guided by its unchanging ‘Customer First’ philosophy
INTRODUCTION
Trang 5Company Vision
To establish a solid competitive position and achieve continuous
growth
Company Mission
To operate as an “international-scale retailing group”, recognized for
excellence not only in Japan, but also in other nations
INTRODUCTION
Trang 6TARGET MARKET &
POSITIONING
Trang 7MARKETING MIX
Trang 91) Halal-wide Product Lines for Halal-wide Target
Market
2) Understanding the Consumer Led to Low
Pricing Strategies
3) Promotional Strategies fall Secondary to
Pricing and Products
4) Aggressive Geographic Placement Threatens
Competitors
CURRENT MARKETING
STRATEGIES
Trang 10Current Situational Analysis
AEON’s top priority is to ensure consistent flow of communication in their supply chain network, from the suppliers, to logistics and warehouse, to
the ground staff and management team.
SITUATIONAL ANALYSIS
Trang 11EXTERNAL ANALYSIS
General Environment (PESTLE)
SITUATIONAL ANALYSIS
Trang 12EXTERNAL ANALYSIS
Porter Five Force Analysis
SITUATIONAL ANALYSIS
The threat of potential new entrants Medium
The bargaining power of suppliers
Low
The threat of substitutes product & service
The competitive rivalry among existing competition
The bargaining power of buyers
High
Trang 13INTERNAL ANALYSIS
Generic Strategy
SITUATIONAL ANALYSIS
Trang 14INTERNAL ANALYSIS
Generic Strategy
Type 1 Cost Leadership - Low Cost
• offers products or services to a wide range of consumers at the lowest price in the
market
• not much care for quality;
• consumer switching cost is low;
• consumer is price sensitive
Type 2 Cost Leadership - Best Value
• offers products or services to a wide range of customer at the best price-value available
on market
• offer customers a range of products or services that are cheap in the market but is
considered of value or better quality than other competitors
SITUATIONAL ANALYSIS
Trang 15INTERNAL ANALYSIS
Value Chain Analysis
•A tool for identifying ways to create more customer
value.
•In this model, every firm is synthesis of activities
performed to design, produce, market, deliver, and
support its product
•Refers to the process whereby a firm determines the
costs associates with organizational activities from
purchasing raw materials to manufacturing product(s) to marketing those products.
SITUATIONAL ANALYSIS
Trang 16AEON Value Chain can be divided into 2 which are the primary and secondary activities
SITUATIONAL ANALYSIS
Trang 17Primary Activities
Inbound logistic: all those activities concerned with receiving and storing externally
sourced materials For example, AEON receives all the raw material and product to be sold at their premises.
Operations: The manufacture of products and services - the way in which resource
inputs such as material that is converted to outputs such as products For example, AEON normally received a big bulk of raw material and product from the supplier
They will break it into several small entities to be distributed to the whole branch and
in bulk for buying in wholesale price.
SITUATIONAL ANALYSIS
Trang 18Primary Activities
Outbound logistic: All those activities associated with getting finished goods and
services to buyers The products are now ready to be assembled to the final customer
by sending it to the branches all over Malaysia It is concerned with delivering the
product to the customer There are several tangibles that have to be improved for AEON such as parking facilities, trolley collectors, till staff and systems to gain
competitive advantage, if executed more efficiently than competitors, they will add value by saving the customer time, whilst increasing the turnaround
Marketing and sales: Essentially an information activity - informing buyers and
consumers about products and services (benefits, use, price etc.) So far, AEON is seen only to respond to promotional materials of their rivals, by setting up corresponding billboards and by buying similar advertisement placements in the newspapers as and when the need arises.
SITUATIONAL ANALYSIS
Trang 19Primary Activities
Service: All those activities associated with maintaining product performance after the
product has been sold AEON provide a customer service counter and also money back warranty if something happen to their product during the warranty period For
instance, if customers spot other supermarket offer lower price for a particular
product than AEON, AEON will return the differences back to them.
SITUATIONAL ANALYSIS
Trang 20Secondary Activities
Procurement: This concerns on how resources are acquired for a business such as sourcing and
negotiating with materials suppliers AEON CO (M) BHD., the largest discount retailer in
Malaysia, implemented a K2-based solution to track inventory, speed its procurement processes and save money The implemented of K2-based solution help to incorporates automated
workflow around several SharePoint sites New processes were set up for product requests and
to deliver inventory and product information
Human Resource Management: Those activities concern with recruiting, developing, motivating
and rewarding of the workforce of a business As a Hypermarket, most of the retail functions were done by AEON itself Specialization in production and department means AEON needs to assign and control their manpower efficiently so that they can produce the maximum outcome (higher profit)
SITUATIONAL ANALYSIS
Trang 21Secondary Activities
Technology: Activities concern with managing information processing, and the development
and protection of “knowledge” in a business As new era (technology) conquering the business environment, all AEON system were manage by digital devices such as scanner, internet, and online database system Consumer may also find the latest promotion through their website and by using social networking such as facebook and twitter
Infrastructure: Concern with wide range of support systems and function such as finance,
planning, quality control and general senior management In managing such a big Hypermarket which involves 100 outlets nationwide inclusive of 10 hypermarkets, 18 emporiums, 3 bazaars,
54 mini markets (MyAEON), 9 convenient stores (MyMart) and 6 franchise outlets (AEON Mart) Each of the hypermarkets is located in AEON Malls
SITUATIONAL ANALYSIS
Trang 22SWOT ANALYSIS
STRATEGY ANALYSIS
Trang 23STRENGTH S1: AEON has pricing power, customers will continue using AEON’s products and services
S2: Low cost leader can undercut rivals
in price S3: Variety of choice can contribute to customer loyalty
S4: the good brand name and known to people recognize
well-WEAKNESSES W1: AEON has less of space or capacity to in store their goods W2: The management in AEON is not strong
W3: Lack of customer services
OPPORTUNITY O1: The online market offer
AEON the ability to greatly
expand their business
O2: Trough capture new market
they can diverse their portfolio of
products and services
O3: By going global, AEON have
a new opportunity
SO STRATEGIES SO1: AEON can selling large volume of goods at globally (S2,O3)
SO2: AEON can enter new market based on good brand name (S4,O2)
WO STRATEGIES WO1: To reduce the number of product placing (W1,O1)
WO2: AEON need to improve their management to cater needs of new market(W2,O2)
THREATS T1: AEON have to compete with
other hypermarket
T2: Competitors offer similar
products range
SO STRATEGIES ST1: Improve the services to build long-term relationship (S3,T1) ST2: Maintain lower price (S2,T2)
WT STRATEGIES WT1: AEON need to be alert with competitor changes by give a good customer services (W3,T1)
WT2: Provide a large space to store
a variety of products(W1,T2)
SWOT STRATEGIES
Trang 24BOSTON CONSULTING GROUP (BCG) Matrix
requiring little investment to hold its current market share AEON now to try their best to introduce and
familiarize their customers with their halal hypermarket
STRATEGY ANALYSIS
Trang 25SPACE MATRIX
STRATEGY ANALYSIS
Internal analysis External analysis
Financial position Stability position (SP)
Return on investment 4 Rate of Inflation -2
Leverage 2 Technology Changes -6
Liquidity 1 Price Elasticity of Demand -4
Working capital 4 Competitive Pressure -4
Cash flow 5 Barriers to Entry into Market -1
Financial position (FP) average 16 Stability Position (SP) Average -17
Internal analysis External analysis
Competitive Position (CP) Industry Position (IP)
Market Share -2 Growth Potential 6
Product quality -3 Financial Stability 3
Customer loyalty -6 Ease of Entry into Market 4
Technology Know-how -6 Resources Utilization 3
Control over Suppliers/Distributors
-5 Profit Potential 4
Competitive Position (CP) Average -22 Industry Position (IP) Average 20
Trang 27A performance metric used in strategic management to identify and
improve various internal functions and their resulting external outcomes
BALANCE SCORECARD
Strategic
priorities
Financial Increasing sales
of demanded product
Potential customer
Diversification of product range
Customer Attract more
people to consume at AEON
Working people Offers more
convenient product
Manager/
employee
Increase working performance
Potential worker Send them
training to strengthen skill and expertise
Trang 28COMPETITIVE PROFILE MATRIX (CPM)
Trang 29IFE MATRIX (INTERNAL FACTOR EVALUATION)
Trang 30EFE Matrix (External Factor Evaluation)
Trang 31The vision of AEON is that every person has a home and is
interconnected within community
Mission
The mission of AEON is to create and sustain quality affordable homes
that strengthen lives and communities
Trang 32RECOMMENDATIONS Enter global market
Staying Focus Store Appearance
Understanding customer and employee need.
Business Model
Trang 33To remain relevant in this highly competitive business, AEON
Hypermarket needs to understand its customers, reckons the
capability of its competitors and be at ease with technology as a