Name- Deepak Saini
Course-MBA 1238
STUDENT ID-2196016
SUBJECT- MARKETING ESSENTIALS
WORDS-1150/1192(EXCLUDING REFERENCES).
Assessment: -1
Introduction
Coles is an Australian Supermarket chain owned by Wesfarmers. It is a retailer of food, liquor and convince in Australia. There are more than 102,000 team members across all brands including Coles express, 1st choice liquor superstore, Coles and Bi-Lo supermarkets, liquor land, vintage cellars and spirit hotels.
Business goal: -
Coles thrive to make itself a better shopping and working place, therefore they lay stress on achieving the goal i.e.
“To give the people of Australia a shop they trust, delivering quality, service and value.”
Values: -
Coles believes in
Customers come
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Therefore they advertise their product through television, radio, internet website and Cole’s price pamphlets.
Marketing Mix:
1. Place: - Coles buys all its seafood mainly from Australia whereas many products are imported from New Zealand, Thailand, China, USA, Russia etc. Many seafood items are bought from the country as well as imported.
2. Price: - Coles buys its seafood items mainly from Australia, therefore selling it off at a much cheaper price as compared to other supermarkets.
3. Product: - Coles have lots of varieties when it comes to serving platers, there are multiple sizes available that can be purchased according to the requirement. The quantity given in the platter is also better as compared to the other places.
4. Promotion: - Coles promote their products by providing a good quality products and services to their customers. Moreover Coles advertise their best quality products through television and radio. Also it promotes their new products into the shelves of the supermarket stores. It also gives all the details of the product on its website.
Competitor: Woolworths
Product Chosen:
The plater chosen here contains the seafood and serves 8 – 10 people. The cost of the plater is 55.00$ per ea which is more than that at Coles. The quantity being the same, people pay more here for the same product.
Marketing Mix:
1. Place: Woolworths is at much fewer places than Coles thereby not preferred as much as Coles.
2. Price: The
Before Ian McLeod landed at Coles head office in May 2008, Coles had a poor performance because of broad factors. There are 7 elements in cultural web that might explain the roots of the problems in Coles. The first element in culture web is rites and routines. Coles management had unfavorable culture, which is bureaucracy. This bureaucracy is interrupt communication between head office and stores because there are substantial gap between them, so that many brilliant ideas and initiatives from store employees do not reach the top management desk. Poor customer service is also their main problem at that time. For example, there is no help desk at the store, which is very important for customers who confuse to find specific items. Thus, Excessive queuing times also quite annoying because it is very uncomfortable for the customers. This problem is occur because of many checkout machines are broken or simply because the store had only small number of checkout machine or cashiers. Lastly, poor training programs for managers an employees are is the important factor why the employees seem less passionate and excited. First thing that Ian McLeod doing at his arrival is removing ‘head office” mindset and change it to ‘store support centre” term and improving communication pattern between head office and shop fronts, so that, Coles becomes
According to Pettinger(2004) The Company extends its pillar of service not only by aiding clients in making decision to shop in stores, but also making it easy for them to drop by the stores and shop. There are two potential competitors existing in the market .There is Woolworths which has an 8% stake of the vast Australian market share and uses its subsidiaries such as Home Hardware and Timer, Thrifty Link, and Masters Home Improvement. There is also Metcash which has a 7.3% market share and uses its two subsidiaries: True Value Hardware and MITRE 10. Bunnings is currently the market leader in Australia (see Appendix figure1.1).Australia’s largest and most profitable home improvement retailer with (9,012,000) customers who shop at Bunnings over period of four week July 2014. This numbers was up in July 2012/13 which was 8,435,000. Bunnings potential competitors are Mitre 10 (1,789,000) and Masters (1,217,000).
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