The Role Of Marketing Strategy In Determining Consumer Purchasing Behaviour
The performance of marketing functions basically marrying consumer needs and wants with the appropriate products and services. It is the duty of the form to adopt appropriate marketing strategy to attract customers to product and since it is generally believed that marketing strategy affects the consumer buying behaviour. This project therefore attempts to examine how the use of marketing strategies have generated sales for Guinness Nig. Plc following it impact on consumer purchasing behaviours. The total population for the study is 200 staff of Guinness Nigeria Plc Benin City. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. A total of 133 respondents made up shift managers, human resource managers, technical officers and brewers were used for the study. The data collected were presented in tables and analyzed using simple percentages and frequencies
1.1 Background of the Study
Of all business activities of functions none is as interested in the consumer and his purchasing behavior as marketing. Marketing is invariably connected with the research into purchasing behaviaour namely what the consumers want, need prefer and value, who are the prospective consumers and where they live, their in come and made of spending, how and why they make purchase decision and so on. Infact the influencing of the buyer behaviour is the primary task of the marketing department in any organization.
Equally, marketing tries to define the right type of products in terms of the company’s objective and attempts to make it available at the right place and the right price, with right promotions. This the performance of marketing functions involves basically marrying consumer wants and with the appropriate products and services. It is the duty of the firm to adopt appropriate marketing strategy to attract customers to its products. This is important because in a free market economy, the ultimate judge of the firm performance is the consumer.
Consumer purchasing behaviour will determine the face of the enterprise this behaviour can best be described by a marketing manager who can also tell how he will by influenced by market variable such as price, promotion. Product (variation and distribution) and place.
Marketing strategy depicts the overall company program for selecting a particular market segment and then satisfying it’s consumers through careful use elements of the marketing mix-product, price, distribution and promotion effective. Marketing requires decisions that
successfully integrate a form marketing place program towards satisfying the consumer whose act in obtaining and using goods and services, including his decision process that precede and determine those acts are highly affected by the strategy adopted by the marketing manager in marketing the firm’s products.
Since the performance of marketing function involves basically marrying consumers needs and wants with the appropriate products and service and since it is generally believed that marketing begins and ends with the consumer, this project therefore attempt to examine how the use of marketing strategies have generated sale for Hardis & Dromedas Plc following it’s impact on consumer purchasing behaviours. Efforts are therefore to show the relationship between sales turnover and Amount spent on marketing activities and it’s resultant impact on consumer purchasing behaviour shall also concentrate on establishing how consumer purchasing behaviour is influenced by a forms strategy for accomplishing marketing objectives and plans. We shall pay special attention to hardis & Dromedas PLC.
1.2 Statement of the Problem
This is considered as the first major step and great importance in carrying out research. There the researcher attempts to define or describe the research problem.
The primary objective of most business enterprise is to make profit. This is because profit ensures, growth, survival and continuity in business. Many companies like Hardis and Dromedas PLC recognizes this fact but many enterprise still fail to realize that the achievement of this goal depends on their ability to satisfy the needs of marketing strategies besides a primary task of marketing is to influence the buyers.
This study will therefore examine the following problem
- The marketing strategies used by hard is & Dromedas PLC
- The extent use strategies are used in this company in generating sales.
- Essentially, the impact of these strategies on the consumers will be assessed by finding out who they are propelled into buying the company’s products.
1.3 Objective of the Study
The main objective of this study is the role of marketing strategy in determining consumer. But for the successful completion of the study; the researcher intends to achieve the following sub-objectives;
- To determine marketing strategy and how Guinness Nigeria Plc, Benin City uses them to identify and retain customers
- To find out how Guinness Nigeria Plc, Benin Cityuses the strategy to make profit.
- To identify the major problems associated with the implementation and use of the marketing strategy in this company.
- To ascertain the relationship between marketing strategy and consumer purchasing behavior
1.4 Research Hypotheses
For the successful completion of the study, the following research hypotheses were formulated by the researcher;
- H0: there are no problems associated with the implementation and use of the marketing strategy in this company
H1: there areproblems associated with the implementation and use of the marketing strategy in this company
- H02: there are no relationship between marketing strategy and consumer purchasing behavior
H2: there are relationship between marketing strategy and consumer purchasing behavior
1.5 Significance of the Study
The fact that implementation of effective marketing strategies creates satisfaction for both the procedures and consumers, it can be stated that in Nigeria today there is the need to improve on market orientation among organizations. Companies should realize the importance of strategic planning in the provision of goods and services to ensure guaranteed profits. Good strategies means lower cost and so lower prices and consumers are induced to repeat purchase. This way the producers realize their aims and objectives and consumer gets needed goods and services at affordable prices. It is therefore towards this state of affairs that this research work is oriented. This research work is also undertaken in the hope that it’s finding will enable marketing people to understanding, adapt and apply knowledge of consumers purchasing behaviour in tackling their marketing problems. Again it is hoped that the study and the recommendation that will be made, will be of benefit to the Guinness marketing department in particular and the entire industry as a whole. It will contribute to determining the strategic requirements for effective marketing and would enable firms serve their customers more effectively and efficiently. If the research achieves this, it will be a worthwhile contribution to the integration of functional specialism (marketing) that is essential in the business world today.
1.6 Scope and Limitation of the Study
Realizing the financial and time constraint that are involved in this type of study, it becomes necessary to limit the scope of the study to one hundred and fifty consumers within Benin City, and to one company.
Using one company will limit and reduce the necessity for comparative analysis. The elements in a marketing strategy are common to all the firms hence we shall place emphasis on the marketing mix, i.e. product, price, promotion and place. This will help us see how they relate to each other and combine to influence the buyers of Guinness products.
Equally, the concept of consumers purchasing behaviour shall be analyzed based on the data collected from consumers of Guinness products within Benin City to see its place in the market. Certain factors constitute limitations to this study, paramount among them are time and financial constraints. Due to the short academic session the researcher didn’t have enough time to cover all possible and existing literatures pertaining to the research. And the economy of the nation did not help matters, since the researcher didn’t have enough money to cover the research.
Another limitation to the study was the reluctance of the company to give certain information because they believe it will expose them to their competitors. In addition some of the respondents were unco-operative and unwilling to take the questionnaire or accept interview appointments from the researcher. These were also the problem of some respondents not returning their questionnaires, having lost them or misplaced them.
1.7 Definition of Relevant Terms
There are probably as many definition of marketing terms as there are textbooks and it is very difficult in real life to come up with a comprehensive definition of any term particularly in the social sciences that can withstand a total universal acceptance, it is therefore plausible to establish operation or functional definition for the key concepts or terms used in this study.
Kotler defined marketing as human activities directed at satisfying needs and wants through an exchange process.Stanton defined marketing as a total system of business activities designed to plan, price, promote and distribute want satisfying goods and services to consumers.Kotler further saw marketing as looking at business through the consumer’s eyes and satisfying his needs at a profit.Marketing can also be seen as the process in a society by which the demand structure for economic goods and services is anticipated, or enlarged and satisfied through the conception, promotion, exchange and physical distribution of such goods and services.
This term borrowed from the military refers to the systematic approach a commanding officer charged with a military action wishes to employ in discharging his responsibility. Osaze defined strategy as the means, schemes and methods designed by an organization for operational sing policies and pursuing its objectives. Appleby also saw strategy as the behaviour of management in trying to achieve success for a company’s goal in environment.
Kotler defined marketing strategy as the broad principle by which the business unit expects to achieve its marketing objectives in a target market.Cunfiff et al (1973) observed that a company’s marketing strategy is basically its completive positive in the market place.
Marketing strategy can also be defined as the general terms used to describe the overall company programme for selecting a particular market segment and then satisfying it’s consumers through careful use of the elements of the marketing mix.
i) The Marketing mix:
Is that combination of product features, accompanying services, price decisions, promotional tools and place for the distribution of these products in reaching, serving and appealing to the target market.
ii) The Target Market:
This is that group of consumers which the company wishes to sell its products.
Consumer Purchasing Behaviour
This is defined as the acts of individuals in obtaining and using goods and services, including the decision process that precede and determine these acts.
A product can be defined as anything that can be offered to someone to satisfy a need or want. Product for the purpose of this study refers to anything Guinness Nigeria Plc, has to offer for want or need satisfaction, which include Guinness Stout, Harp, etc.
1.8 Organization of the Study
This research work is organized in five chapters, for easy understanding, as follows
- Chapter one is concern with the introduction, which consist of the (overview, of the study), historical background, statement of problem, objectives of the study, research hypotheses, significance of the study, scope and limitation of the study, definition of terms and historical background of the study.
- Chapter two highlights the theoretical framework on which the study is based, thus the review of related literature.
- Chapter three deals on the research design and methodology adopted in the study.
- Chapter four concentrate on the data collection and analysis and presentation of finding.
- Chapter five gives summary, conclusion, and recommendations made of the study
Summary, Conclusion and Recommendation
It is important to ascertain that the objective of this study was to ascertain the role of marketing strategy in determining consumer purchasing behaviour
In the preceding chapter, the relevant data collected for this study were presented, critically analyzed and appropriate interpretation given. In this chapter, certain recommendations made which in the opinion of the researcher will be of benefits in addressing the challenges of marketing strategy in determining consumer purchasing behaviour
This study was on the role of marketing strategy in determining consumer purchasing behavior. Four objectives were raised which included: To determine marketing strategy and how Guinness Nigeria Plc, Benin City uses them to identify and retain customers, to find out how Guinness Nigeria Plc, Benin City uses the strategy to make profit, to identify the major problems associated with the implementation and use of the marketing strategy in this company, to ascertain the relationship between marketing strategy and consumer purchasing behavior.In line with these objectives, two research hypotheses were formulated and two null hypotheses were posited. The total population for the study is 200 staff of Guinness NigeriaPlcBenin City. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. A total of 133 respondents made up shift managers,human resource managers,technical officers and brewers were used for the study. The data collected were presented in tables and analyzed using simple percentages and frequencies
This research work has revealed that there is a significant relationship between marketing strategy and consumer purchase decision in Nigerian firms. The study provides an explorative approach of the consumers’ behavior perspectives concerning offer and customer service. The aim was to understand how the variables offer, customer service and atmosphere are perceived by customers. The model created involving different variables of marketing strategies to test the perception of customers has been explained.
Marketers should continuously develop new plans to attract customer by offering better network coverage and best calling rates and also by offering value added services and trust to them, if they want to gain competitive advantage over their rivalry. Organization should go for fair price policy with no hidden charges.
The Complete Material Will Be Sent to You in Just 2 Steps
Quick & Simple…
Make Payment (Through Transfer) of ₦3,000 to Any of the Account Below
|Acc No: 0811003731|
|Acc No: 1225513212|
|Acc No: 8143831497|
Or CLICK HERE To Pay With Debit Card
|FOR STUDENTS OUTSIDE NIGERIA|
|CLICK HERE To Purchase Material ($15)|
|FOR GHANIAN STUDENTS|
|Make Payment of 80 GHS to 0553978005 | Douglas Osabutey | MTN MoMo|
Send the Following Details on WhatsApp ( 08143831497) After Payment
- Payment Details
- TOPIC: The Role Of Marketing Strategy In Determining Consumer Purchasing Behaviour
The Complete Material Will Be Sent To You On WhatsApp After Receiving Your Details
T & C Apply