We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3
Ministry of Education and Training
UEH University Faculty of International Business - Marketing
BASIC MARKETING - IBP004 CLASS
Case Study Answer
LECTURER Dang Van Thac
STUDENT’S NAME Pham Thuy Quynh My STUDENT ID 31231026046 EMAIL [email protected]
Ho Chi Minh, December 10, 2023
QUESTIONS 1-16. To what extent do you think the acquisition of Argos by Sainsbury’s resulted in delivering superior value to the customers? 1-18. To what extent would you agree with the claim that Argos’s marketing management orientation is a marketing concept? Justify your standpoint with relevant points from the case study. 1-19. What are the key actions taken by Argos which show that the organization is following the changing marketing landscape? 1-20. In view of the stiff competition in the UK retail sector, suggest various ways by which Argos could continue to provide better value to its customers. ANSWERS 1-16. Acquisition of Argos by Sainsbury's Delivering Superior Value: - Enhanced Convenience: The integration of Argos into Sainsbury's stores provided customers with a 'one-stop-shop' experience, combining grocery and non-grocery shopping. This is a significant value-add in terms of convenience. - Wider Product Range: Customers of Sainsbury's now have access to Argos's extensive product catalog, diversifying their shopping options. - Efficient Delivery Services: Argos's strong delivery network, including the same-day delivery service, enhances Sainsbury's value proposition to its customers. - Cost Savings and Competitive Pricing: The expected annual savings from the merger (£160 million) could be used to offer more competitive prices to customers. 1-18. Argos's Marketing Management Orientation as a Marketing Concept: - Customer Focus: Argos’s approach of catalog retailing and efficient distribution indicates a strong focus on customer convenience and satisfaction, aligning with the marketing concept. - Adaptation to Market Changes: The shift towards digital retailing and emphasis on online sales demonstrate Argos's responsiveness to changing consumer preferences. - Competitive Strategy: Argos's strategies, like the same-day delivery service and the Black Friday offers, show an understanding of the competitive retail landscape and a commitment to meeting customer needs better than competitors. 1-19. Key Actions Showing Adaptation to the Changing Marketing Landscape: - Digital Retailing: Transitioning towards a "click and collect" business and increasing online sales, including a significant share from mobile payments. - Technological Integration: Replacing hefty catalogs with iPad-style terminals for efficient order processing, embracing the digital transformation. - Same-Day Delivery: Introducing same-day delivery services, adapting to the modern consumer's expectation of speed and convenience. 1-20. Suggestions for Argos to Provide Better Value Amid Competition: - Enhanced Customer Experience: Further improve the in-store and online shopping experience with user-friendly interfaces and streamlined processes. - Personalization: Use customer data to offer personalized shopping suggestions, discounts, and promotions. - Expand Product Offerings: Continuously update the product range to include the latest trends and innovative products. - Sustainability Initiatives: Enhance eco-friendly product lines and sustainable practices, appealing to environmentally conscious consumers. - Community Engagement: Strengthen community ties through local initiatives and partnerships, enhancing brand loyalty. - Leveraging Data Analytics: Use data analytics to understand consumer behavior, preferences, and tailor strategies accordingly. - Omni-channel Strategy: Further integrate the physical and digital shopping experiences, making them seamless for customers. - Collaborations and Partnerships: Collaborate with other brands or technology companies for exclusive products or offers.