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This document compares marketing in Indonesia and Taiwan, specifically looking at convenience stores. In Indonesia, the most popular convenience store is Alfamart, which offers daily necessities and services like bill payment. In Taiwan, 7-Eleven is major convenience store offering similar products but also ready-to-eat foods. Both have widespread locations in cities and towns. While prices are higher than supermarkets, convenience stores offer flexibility and ease of payment. Promotional strategies in Alfamart and 7-Eleven include coupons, member points programs, and social media.
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The comparison of convenience store in Indonesia and Taiwan
This document compares marketing in Indonesia and Taiwan, specifically looking at convenience stores. In Indonesia, the most popular convenience store is Alfamart, which offers daily necessities and services like bill payment. In Taiwan, 7-Eleven is major convenience store offering similar products but also ready-to-eat foods. Both have widespread locations in cities and towns. While prices are higher than supermarkets, convenience stores offer flexibility and ease of payment. Promotional strategies in Alfamart and 7-Eleven include coupons, member points programs, and social media.
This document compares marketing in Indonesia and Taiwan, specifically looking at convenience stores. In Indonesia, the most popular convenience store is Alfamart, which offers daily necessities and services like bill payment. In Taiwan, 7-Eleven is major convenience store offering similar products but also ready-to-eat foods. Both have widespread locations in cities and towns. While prices are higher than supermarkets, convenience stores offer flexibility and ease of payment. Promotional strategies in Alfamart and 7-Eleven include coupons, member points programs, and social media.
The Comparison about Marketing in Indonesia and Taiwan
Marketing is a series of prosess that purpose to sell products or introduce
products to people in various ways. So this marketing sense not only to the event, marketing but also about strategies used, and how give satisfaction to consumers. Definition of marketing is a combination of activities that are interconnected to be able to know what is needed by consumers so that companies can develop products, prices, services and carry out promotions so that consumer needs can be fulfilled and companies can get the benefit. In Indonesia, there are several large regional markets and many more niche and micro-niche markets. The consumer market is scattered over about 17,500 islands, where tastes and preferences are various. Prices are also variable with the mix of cultures, population sizes and differing levels of economic development in Indonesia are challenging. A will one-size-fits-all marketing strategy simply doesn't work. Management consultants McKinsey have identified the following broad consumer trends, which have essential implications for marketing across the diverse market segments in Indonesia. First is brand preference, Indonesians have a higher preference for local brands than the consumers of other nations. Local brand preference is particularly high, with 60 percent of Indonesians preferring them, particularly in food and beverage categories. The second is urban dynamics. Indonesia is a vast archipelago country. It is crutial to understand the differences and dynamics that exist in Indonesia, not only focusing on the two largest cities in Java, namely Jakarta and Surabaya, but also the groups of small cities that are growing rapidly throughout the archipelago. The third is getting to market. Indonesia’s distribution infrastructure is fragmented geographically, with family- owned and run stores predominating in numerous consumer categories. However, modern retailing is growing and becoming more accepted as new channels emerge. The last is going digital. Digital technology is playing an increasingly large role in reaching Indonesia’s dispersed and assorted customers. Currently, television advertising and personal recommendations are the main sources of consumer product information. Taiwan is a sophisticated consumer market, accessible and well-regulated, in which consumers are plugged into global consumer trends. Globalisation has offered Taiwanese consumers access to information, products and services that have helped them create their own sophisticated identity. Even though Taiwan is traditionally a country that based its economy on the manufacturing field, where marketing and brands were not priorities, nowdays Taiwanese individuals want to identify themselves with the brand of a product. They want to believe that a particular product was specifically designed to match their needs. The Taiwanese consumer is faithful to brands, but also keen on new products especially in the high- tech sector. Consumers in Taiwan are loyal to brands. The leading brands dominate the market completely (especially in agri-food). However, the Taiwanese are very attentive to prices, a brand or a store which puts its prices up would lose customers immediately. Quality and after-sales service are the other main factors influencing consumer behaviour. Food purchases are made as and when needed, and national and Japanese products are the most frequently bought. Taiwanese individuals have started to become immune to adverts and have risen their consumption standards. They are used to expressing their opinion freely about any topic of interest, including consumer products and services. Spending time online is one of the favourite activities of Taiwanese consumers; they are active on social media and enjoy visiting online shops. One of the most common forms of market in each country is convenience stores. A convenience store is a small retail business that stocks a range of everyday items such as groceries, snack foods, confectionery, soft drinks, tobacco products, over-the-counter drugs, toiletries, newspapers, and magazines. In some jurisdictions, convenience stores are licensed to sell alcohol, typically beer and wine. Such stores may also offer money order and wire transfer services, along with the use of a fax machine or photocopier for a small per-copy cost. A convenience store may be part of a gas/petrol station, so customers can purchase goods conveniently while filling their vehicle with fuel. It may be located alongside a busy road, in an urban area, near a railway or railroad station, or at another transport hub. In some countries, convenience stores have long shopping hours, and some remain open 24 hours. Convenience stores usually charge significantly higher prices than conventional grocery stores or supermarkets, as these stores order smaller quantities of inventory at higher per-unit prices from wholesalers. However, convenience stores make up for this loss by having longer open hours, serving more locations, and having shorter cashier lines. This is the comparison of convenience store in Indonesia and Taiwan using the 4P analysis. 1. Product The most famous convenience store in Indonesia is Alfamart. At Alfamart provides various types of daily necessities such as snacks, packaging drinks, oil, sugar, instant noodles, tissues, laundry soap, and others. In addition to providing products, Alfamart also provides services such as top-up, payment of train tickets, and charging e-toll cards. In Taiwan, there are also convenience store, one of them is 7-eleven. The things are provides in 7-eleven almost same with in Alfamart. The different is in 7-eleven also sell one-day product like sandwich, pasta, and instant drinks like coffee and chocolate, but in Alfamart is not available. In 7-eleven also provides services such as payment of online shop, top-up, payment of train tickets and others. 2. Prices The prices in Alfamart and 7-eleven usually little more expensive than the price in supermarket. But, the convenience store more flexibel and minimalism so the customers don’t need to take too much time for shop. Payments at Alfamart are also made easy with a non-cash system. The customers can use their credit card to pay their items. Payments at 7-eleven same easy with in Alfamart because in 7-eleven you can pay with cash and non-cash like easycard or i-pass. 3. Place Alfamart not only available in big cities but also has begun to open in small areas. In Taiwan, 7-eleven also easy to find although in big cities or in small district. The different is in 7-eleven also provide the place to costumers to enjoy their meal, but at Alfamart not available for that. 4. Promotion 7-eleven also doing their promotion by give customers the coupons for each purchase at a certain price. Alfamart doing their promotion by member card, its name “Aku card”, by having this card the costumers will receive a discount and bonuses. Strategy promotion in 7-eleven and Alfamart mostly same, they do their promotion by social media like webpage, facebook also line.