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Identify any problems with Business current marketing activities 

Previous/Current marketing activity

Effectiveness- Reasons

Handouts

· Limited effectiveness as people generally do not pay adequate attention to the contents of the handout.

· Handouts are generally distributed randomly to the available person. The distribution is not filtered or segmented adequately. Therefore, the overall marketing strategy fails to focus on specific target segment who can be transformed into consumers

Advertising on unknown newspaper

· Print media has witnessed significant reader base in the past few years with the emergence of digital platform (Evens, 2018). This trend will reduce the visibility of the marketing campaigns.

· Marketing campaign in an unknown newspaper will result in limited visibility and overall outreach of the marketing campaign by AMC.

Reducing the price

· Competitive pricing can be effective, if the quality is comparable with rivals (Hong, Wang & Yu, 2018). In this case, AMC will be considered a brand with higher value-for-money than the other alternatives.

· Price reduction can be perceived as an indicator of lower quality by a section of the consumers who prefer to pay premium.

Target Market and characteristics

Who is the key target Customer?

Demographic characteristics

Age: 25-45

Gender: Male, Female

Income: $ 5000-15000

Where does the client come from?

Local

Regional

National

Psychographic characteristics

Social class: The target group of social class will be consumers who are price and cost conscious. The general tendency of the consumers is to prefer the brand that offers higher value-for-money

Lifestyle: Couples and family persons are the core consumer groups. The consumer groups tend to prefer a budget-friendly restaurant with decent ambiance. The core consumers are generally working professionals who have a busy schedule and seeks to maintain a work-life balance.

Values: The core perceived values of the consumers include high quality of food across cuisines, as compared to the cost invested by the consumers (Barbee & LeMay, 2018). Moreover, courtesy of the hotel staff is prioritized as one of the significant values by the target consumers. The décor and furnishing of the hotels are also considered among core values.

Benefits sought by the client.

Safety

Performance

Aesthetics

Social

Economic

New Marketing Activities

Explanations

Product

· Multi-cuisine restaurant that offers Italian, Chinese and Indian food

· Chef’s special items will be part of the special attractions for each of the cuisine categories

· Efficiency and courtesy will be part of the overall service standards of the restaurant staff

Price

· Competitive pricing will be the core approach by the restaurant

· The strategic objective will be to ensure that the brand is perceived as both affordable and of high quality

· Pricing will be established as one of the core competitive advantages of AMC

Place

· The restaurant will be sustained as the primary distribution channel for the services

· The digital platform including website, mobile app and social media will be leveraged as distribution channels

· Third party food delivery apps will be collaborated as additional distribution channels

Promotion

· Experiential event will be arranged to launch the special menus in each of the cuisines

· Advertisements in prominent newspapers, food magazines

· Announcements, posts and blogs in the social media pages

· Commercials on digital video portal and during prime time on TV

· Experiential event by inviting popular social media influencers who will taste the new menu and provide review on social media

Resource Requirements

Marketing Activities

Personnel Required

Resources Required

Budget

Measure Of Success (Monitor)

Example: Print Media –local newspaper

Personal Assistant to arrange media briefing and/or press release to three local newspapers  

Press Releases

$ 2,000.00

Number of impressions - 10000

Print Media- The Sydney Morning Herald will be selected as the primary print media as it is the leading newspaper nationally (4imn, 2019). The other newspapers are The Age and The Australian

Marketing executive will collaborate with the newspaper representatives to communicate the schedule, content and negotiate the rates

Press Releases

$ 3000

Number of impressions-6000

Social Media- Facebook and Instagram will be the primary social media tools

A third-party digital marketing team will be consulted. The marketing team will discuss and finalize the contents and frequency of the social media posts.

Posts, blogs, announcements of promotional offers

$6000

Number of positive reactions on the social media posts

The official website will be made more dynamic by adding additional features such as ordering, purchasing, order tracking SEO optimization,

Third-party digital media experts will be collaborated by the marketing team to optimize the official website

Dynamic update of promotional offers, discounts, new menu additions

$6000

Average Click-through rate for the links will vary form 65-70%

The commercials will be created and aired during prime time hours on TV

The management, in-house creative team and freelance filmmakers will collaborate to create the content

30-secinds AV commercials

$ 5000

Viewership and response to the commercials

TOTAL

$ 20000

GANTT CHART FOR MARKETING - CMR

Marketing Activities

Person(s)
Responsible

WEEK1

WEEK2

WEEK3

WEEK4

WEEK5

WEEK6

WEEK7

WEEK8

WEEK9

WEEK10

WEEK11

WEEK12

Designing dynamic website

Website Designer

Collaboration with prominent newspapers

Marketing team

Social Media posts

Digital Marketing Team

TV

Marketing team, audio-visual experts

Experiential Event

Marketing team

Provide an evaluation report of the marketing activities for the relevant stakeholders.

Marketing Activities

How it will be evaluated

When it will be evaluated? Any Comments

Social Media

· Number of followers in the Facebook and Instagram pages after the implementation

· Reviews and feedback shared by the consumers on the social media communities created by AMC

· Reviews shared by the consumers on the credible social media review portals

· Surveys conducted on the digital platform regarding the suggestions for improvement

· The surveys and the overall number of likes will be monitored monthly

· The marketing team will be responsible for creating the improvement graph for overall likes, community members, followers

· The rate of increase in positive reviews will be assessed monthly

· The pattern of the feedback will be analysed to explore common traits   

Experiential Event

· Number of positive comments on the overall reviews shared by the social media influencers

· The increase in footfall and revenues after the implementation of the experiential event

· The quality of reviews on the food review portals on the digital platform

· The increase in the overall traffic in the official website

· The positive comments of the FB and Instagram users will be assessed monthly.

· The overall increase in the footfall and revenues of AMC will be monitored quarterly. Moreover, the half-yearly and annual revenues will be monitored

· The improvement in the overall traffic on the official website will be monitored weekly

Website  

· Click-through rate of the number of visits by new and existing users will be one of the evaluating criteria (Zhou, 2019).

· The number of new followers or subscribed members of the official website of AMC

· The number of positive reviews and feedback offered by the visitors of the website

· The click-through rate of the official website will be assessed bi-weekly. The comparison will provide the data to set new strategies for website management

· The number of new followers will be assessed each month and the result will be compared with the previous periods.

· The positive feedback will be assessed monthly to explore best practices and limitations

Audio-visual media

· Commercials of 30 to 60 seconds duration will be prepared. The commercials will be aired during prime times of news and entertainment channels. The strategy will be evaluated through digital viewership data

· The commercials will also be aired on the digital video platforms. The number of views and positive responses will be assessed.

· Each slot of the commercials will be evaluated based on the overall viewership data. The data will be assessed monthly.

· The number of views on the digital media platform will be evaluated each week. The strategic objective will be to compare the overall in popularity of AMC.

The initial strategic objective was to increase the digital ordering of food by 20%. The focus on SEO optimization, adding ordering and tracking mechanism to the website are among the key factors that will boost the overall digital transactions of AMC. One of the strategic objectives has been to strengthen the print media promotion. The inclusion of prominent newspapers will support the objective. The strengthening of social media presence has been among the key objectives. The inclusion of dedicated digital marketing team will help to achieve the objective. The overall impact of the marketing activities will collectively increase the overall revenues of the organization by 25% in the next one financial year.

References

4imn. (2019). Top Newspapers in Australia by web ranking | 4imn.com. 4imn.com. Retrieved 4 January 2022, from https://www.4imn.com/au/#:~:text=%20%20%20Newspaper%20%20%20%20,%20%20Southban

Barbee, K., & LeMay, S. (2018). Money, Marketing, and Missions: Ethics and the Structure of Not-for-Profits.https://digitalcommons.georgiasouthern.edu/cgi/viewcontent.cgi?article=1036&context=amtp-proceedings_2018

Evens, T. (2018). Media economics and transformation in a digital Europe. In Comparative media policy, regulation and governance in Europe: Unpacking the policy cycle (pp. 41-54). Intellect.

https://biblio.ugent.be/publication/8560297/file/8560300

Hong, Z., Wang, H., & Yu, Y. (2018). Green product pricing with non-green product reference. Transportation Research Part E: Logistics and Transportation Review, 115, 1-15.

https://fardapaper.ir/mohavaha/uploads/2019/06/Fardapaper-Green-product-pricing-with-non-green-product-reference.pdf

Zhou, G., Mou, N., Fan, Y., Pi, Q., Bian, W., Zhou, C., ... & Gai, K. (2019, July). Deep interest evolution network for click-through rate prediction. In Proceedings of the AAAI conference on artificial intelligence (Vol. 33, No. 01, pp. 5941-5948). https://ojs.aaai.org/index.php/AAAI/article/view/4545

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My Assignment Help (2022) Effective Marketing Essay For AMC. [Online]. Available from: https://myassignmenthelp.com/free-samples/bsbes404-market-new-business-ventures/identify-problems-with-business-file-A1D31B5.html
[Accessed 05 March 2024].

My Assignment Help. 'Effective Marketing Essay For AMC.' (My Assignment Help, 2022) <https://myassignmenthelp.com/free-samples/bsbes404-market-new-business-ventures/identify-problems-with-business-file-A1D31B5.html> accessed 05 March 2024.

My Assignment Help. Effective Marketing Essay For AMC. [Internet]. My Assignment Help. 2022 [cited 05 March 2024]. Available from: https://myassignmenthelp.com/free-samples/bsbes404-market-new-business-ventures/identify-problems-with-business-file-A1D31B5.html.

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