Supervisor By: Miss Rabbia Khan Session MBA(3.5) Fall 2015-2019 NCBA & E Wapda Town Sub Campus Multan The marketing mix is the lens through which the contemporary customer perceives value on 4Ps is examined. It has roots in both the positive view of the world, and the modern marketing viewpoint that marketing is an interactive process in which both the buyer and seller reach a satisfying agreement on the "four P's" of marketing: Product, Price, Place (location) and Promotion. Marketing Mix The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market. The 4Ps make up a typical marketing mix - Price, Product, Promotion and Place. However, nowadays, the marketing mix increasingly includes several other Ps like Packaging, Positioning, People and even Politics as vital mix elements. Customer satisfaction A customer is a stakeholder of an organization who provides payment in exchange for the offer provided to him or her by the organization with the aim of fulfilling a need and to maximize satisfaction. Sometimes the term customer and consumer are confusing. A customer can be a consumer, but a consumer may not necessarily be a customer. 1. To build an analytical connection between the customers satisfaction with the marketing mix model, the four Ps. Determination of products and services that helps to meet the needs of customers. Determination of the distribution channels according to the potential customer desire. To observe the value of price that intended customers willing to pay. 2. Creation of perceived value and generate a positive response. How to build the connection between the customers satisfaction with marketing mix? How to create the perceived value and gain the positive response according to marketing mix? Author & Year Article Country Journal
Solomon et al customer Europe Journal of
(2018) satisfaction, in marketing, 51(2), business term, 86-96. and product /Services.
Giese et al (2014) aforementioned Europe Management &
statement by Marketing, 9(1). stating that there is to whether customer satisfaction Qureshi et al The relationship Pakistan Procedia (2013). between Economics and marketing mix Finance, 37, 366- and customer 371. loyalty Author & Year Article Journal
Jooste et al., (2010) The impact of marketing International Business
mix on attracting and Management, 5(1), audiences to the cinema. 99-106. Research in UK
Keelson et al (2012). The Evolution of the ISSN 1931-0285 CD
Marketing Concepts ISSN 1941-9589 ONLINE, research in Turkey 173. Theoretical framework A product which was destined to become the world’s biggest brand, Coca-Cola was first made in Atlanta, Georgia, on May 8, 1886, when Dr. John Stith Pemberton, a local pharmacist produced the drink. A local service office, Coca-Cola Pakistan, focuses on marketing the Company’s brands locally. Coca Cola targets both genders with its wide variety of drinks. This market is relatively large and is open to both genders, thereby allowing greater product diversification. Soon after the country’s independence in 1947, Coca- Cola came to Pakistan in 1953. Like in every other country where it operates, the Coca-Cola business in Pakistan is a local business. The beverages are produced locally, providing employment to Pakistani citizens, and the product range and marketing reflects Pakistani tastes and lifestyle. Currently, Coca-Cola beverages are produced and sold in Pakistan via the company’s own bottling plants which operate under Coca-Cola Beverages Pakistan Ltd. (CCBPL). A local service office, Coca-Cola Pakistan, focuses on marketing the Company’s brands locally. Internal Factors Evolution EFE Weight Rating Weight Score Strengths Coca- cola is the world most valuable brand 0.09 4 0.36 Broad variety of products 0.08 4 0.32 Coke is the market larder of the global soft 0.06 4 0.24 drink industry High Market share 0.09 3 0.27 Differentiation 0.07 3 0.21 Enormous distribution and predication faculties 0.08 3 0.24 Strong financial position and profits 0.04 4 0.16 advertising and promoting actives 0.06 4 0.24
Geographical expansion 0.05 4 0.20
Weakness Less aggressive market standing 0.08 1 0.08 Dispute above wholesale prices 0.06 1 0.06 Bigger long term debt 0.04 2 008 New coke formula results in bad image of coke 0.03 2 0.06 Big gape resumed setup in Pakistan 0.03 2 0.06 Bad image in Pakistan 0.05 1 0.05 Product offering is restricted to beverages 0.07 1 0.07 Discontinued many products 0.05 2 0.10 Inferior debt to assists ration of 0.99 0.03 2 0.06 Total 1.00 2.86 Coca Cola Pepsi Gourmet Financial Position Weight Rating Weighted Score Rating Weighted Score Rating Weighted Score
Advertising 0.08 4 0.32 3 0.24 3 0.24
Market Share 0.16 3 0.48 4 0.64 3 0.48
Brand Image 0.12 4 0.48 4 0.48 2 0.24
Customer Loyalty 0.10 4 0.40 4 0.40 3 0.30
Product Quality 0.10 3 0.30 3 0.30 2 0.20
Product Range 0.12 4 0.48 4 0.48 4 0.48
Distribution 0.08 3 0.24 4 0.32 3 0.24
Price Competition 0.10 4 0.40 4 0.40 3 0.30
Geographic 0.08 3 0.24 3 0.24 3 0.24
Expansion 0.10 4 0.40 4 0.40 2 0.20
Total Score 1.00 3.74 3.90 2.92
Factors are: I. Political II. Economical III.Social IV.Technological Political Factors The government plays a role within the operation of manufacturing these products in terms of regulations.There are potential fines set by the government on companies if they do not meet a standard of laws. Coca Cola is well known as a Halal drink in Pakistan. Economic Factors The economic conditions of Pakistan are not very attractive in the recent years. However, as the price of Coca Cola is not high and the demand is very stable, the consumption of Coca Cola is not being impacted by the economic factor to a significant level. The purchase power parity of Pakistan has decreased in recent years, but the sales of Coca Cola are not impacted by these economic factors to a significant level. Social Factors Now it has become a tendency that soft drink should be served in almost every meeting. Fast food reputation among teenagers has led to the increase in demand of PEPSI. Social interests’ program is also active at PEPSI for example PEPSI donated 1 million Rs. For helping recent earth quake victims. They have been supporter different cricket events and Pakistan cricket team for almost 8 to10 years. Social factors have significant impact over the sales and profitability of a business. For instance; the awareness of being health conscious has encouraged many consumers of Coca Cola and Pepsi to shift from beverages consumption to those products. Technological Factors It is a known fact that Coca Cola one of the top brands in the world. It has the highest level of technology, which is required for producing quality products along with providing high-level of after sales service. Coca Cola has been able to adopt with the changing technology in both local and international market effectivelyich are healthier like Juice It is the strength of this research that it lays on its specific focus on the connection between the customer’s satisfactions with the marketing mix model, the four Ps. This research also shows the impact of customer buying behavior base on the company quality policy regarding product, price, place, promotion. As all the policy formulation revolves around the customer’s interest. Through the above research we come on the following crux as follows: A clear picture is there which shows the connection between customers’ satisfaction and marketing mix model, the four Ps. The 4P’s are the main parameters that the marketing manager can control, subject to the internal and external constraints of the marketing environment. The Coca-Cola Company has covered a strong business market scale around the world. Using different market strategies and dividing the market segments to help the company to gain more profits. Moreover, the Identifying Market Segments and Targets for Marketing Strategy Plan of Coca-Cola Company in corporation partnership strategy and implementation provides a brief overview of Coca-Cola Company's operation, targeting and positioning in the drink industry. In this case, although the company is running a good business, there are still some other internal (e.g. positioning) and external challenges waiting for it to achieve, for example, Pepsi is one of the closet competitors and purchases similar products. Being the biggest manufacturer, distributor and marketer of non-alcoholic beverage industry, the Coca- Cola Company has been running successful business with its franchising model in the world The access of all departments must have proper greeting to deal the guests. The all Steps are supposed to be ensuring cleanliness in all departments. The decoration of every department must be exit. Marketing Department task should be enhanced and its role should be enlarged to all main departments. The facility of Transport should be making available for workers. It works as a enthusiasm instrument and will make sure in time existence of workers in appreciated departments. For increasing motivation of employees, give them incentive on basis of performance. All departments have very good working atmosphere. The available resources are used properly by all departments. There is good power, to manage, organize and exchange a few words with its team, every department’s manager has. They have well prepared their particular zone. To the IDC & My Supervisor