essay

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In the 21st century, marketing strategies are dramatically changed. Competition drive organizations to develop their stategies to be adaptable with today's society. By using technology especially internet, companies not only can communicate with their customers directly but also observe, monitor and gather the information about them (Rust et al., 2010). There are a lot of companies which change their strategies to focus on satisfying customers' needs rather than selling their products or services e.g. Tesco, IBM, Procter & Gamble and American Express. As Levitt (1960) has stated that leadership and organization must arrage their manner, management and intention to build an effective customer-oriented company. Tesco, one of the Britain's leading multinational retailer, is a good example in this case becuase of its successful customer relationship management. This essay will assess the ways of Tesco practicing the key principles of contemporary marketing which were described in the article ''Rethinking Marketing'' by Rust et al. (2010) and provide some relevant examples of Tesco's marketing strategies.
Tesco is a very huge organization operating food, non-food and online business. For many years, it has developed its organization and strategies by concentrating on customers. According to Tesco's reports (1997) explains that its coporate strategy is to make customer and shareholder value based on the following principles:
1) Value for Money “We are committed to giving customers quality products at guaranteed unbeatable prices” 2) Customer Service “Our focus on customer is unique and we lead the way on delivering First Class Service” 3) Customer Loyalty “Customer reward us with their loyalty and we thank them through our Clubcard” ...

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...he offering to meet their customers' need. Thereafter, Tesco have TWIST programme for the leadership in each segments to observe the customers by themselve and analyse what they should improve in the future. Moreover, Tesco also pay attention to the internet. They have the multi-channel operations which include shopping website, brick & mortar store and social networks to enhance the ability of their customer service to interact with customer both offline and online e.g. Tesco Direct, Click & Collect and Facebook page. These strategies are the keys to rise Tesco to be the leading retailer, however, the company still need to continue developing their customer relationship as well as the integration across channels to serve customers' need which can be changed all the time. This is a big challenge for the company but the result of customer loyalty is always worthwhile.

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