MINISTRY OF FINANCE ACADEMY OF FINANCE GRADUATION THESIS TOPIC: MARKETING MIX SOLUTION TO IMPROVE BUSINESS PERFOMANCE OF X18 CEMENT JOINT STOCK COMPANY Student : Tran Ngoc Khanh Major : Business Administration Class : CQ55/32. Nguyen Thi Van Anh Graduation Thesis Academy of Finance DECLARATION I declare that this thesis is made by myself, as a result of the three-month internship X18 Cement Joint Stock Company. Any ideas, techniques, quotations and other material from work of other people included here are fully acknowledged in references. I also declare that this thesis is not submitted to any other organization, thus this is the only published version submitted to my thesis reviewers.
Graduation thesis author Tran Ngoc Khanh Tran Ngoc Khanh i CQ55/32.01 Graduation Thesis Academy of Finance TABLE OF CONTENT DECLARATION. i TABLE OF CONTENT.ii LIST OF TABLE. Aim and Objectives. Scope of the research.3 CHAPTER 1: THEORETICAL OVERVIEW OF MARKETING – MIX SOLUTIONS TO IMPROVE BUSINESS PERFORMANCE FOR X18 JOINT STOCK COMPANY.
Overview of Marketing Strategy and Marketing – Mix Solutions to improve business performance. Marketing and Marketing Strategies. Definition of Marketing. Basic concept of Marketing.
Importance of Marketing and Marketing Strategies. Importance of Marketing. Importance of Marketing Strategies. Factors affecting the effectiveness of marketing strategies and marketing activities.
Macro environment factors.8 Tran Ngoc Khanh ii CQ55/32.01 Graduation Thesis Academy of Finance 1. Micro environment factors. Marketing solutions to improve business performance. Overview of Marketing – Mix solutions.
Marketing – Mix solutions to improve business performance for manufacturing companies.32 CHAPTER 2: OVERVIEW OF MARKETING – MIX ACTIVITES IN X18 CEMENT JOINT STOCK COMPANY.37 Tran Ngoc Khanh iii CQ55/32.01 Graduation Thesis Academy of Finance 2. Overview about X18 Cement Joint Stock Company. Establishment and Development. Estrablishment and Development.
Legal status and total capital. Overview of business activities and performance. Company’s goals and objective. Company’s marketing strategy for 2021.
Company ‘s business performance. Social – Cultutal Forces. Marketing – Mix activities in X18 Cement Joint Stock Company.68 Tran Ngoc Khanh iv CQ55/32.01 Graduation Thesis Academy of Finance 2. Evaluation of Marketing – Mix operation in X18 Cement Joint Stock Company.76 CHAPTER 3: MARKETING - MIX SOLUTIONS TO IMPROVE BUSINESS PERFORMANCE FOR CEMENT X18 JOINT STOCK COMPANY.
Development orientation of X18 Joint Stock Company. Offer Marketing – Mix Solutions to improve business performance for X18 Joint Stock Company.95 Tran Ngoc Khanh v CQ55/32.01 Graduation Thesis Academy of Finance LIST OF TABLE Table 2.1: Company management structure.4: Income Statement Sheet.5: Vietnam population pyramid period 2009 – 2019.6: Gender in Hoa Binh Province.7: Workers gender in X18 Cement Joint Stock Company.8: Labour in Hoa Binh Province.9: Comparison to competitors.10: Cement Price in X18 Cement Joint Stock Company.11: The process of new product development.84 Tran Ngoc Khanh vi CQ55/32.01 Graduation Thesis Academy of Finance PREFACE 1. Introduction Any business operating in the market, the first important factor is towards the profit of the business, the second factor is towards the positioning of the brand's products and services in the market. To achieve those things, it can be said that setting up and building a specific marketing plan will help businesses take the correct steps in the process of branding and bring profits to businesses.
With the current economic trend as well as the daily change of information technology, marketing activities are growing more and more in the digital field. Developing appropriate marketing strategies as well as updating new marketing trends will bring many benefits to the company, helping the implementation department to be more proactive in their work, and also easy for business leaders. The business can evaluate the effectiveness of each marketing activity, each quarter and each year of operation. One of the most popular marketing tools today is the marketing mix.
This tool analyzes the most basic elements that businesses need: product, price, distribution and promotion mix. Many companies choose marketing – mix but do not achieve the business performance they want, while the cost of marketing activities is not cheap. X18 Cement Joint Stock Company is also one of the companies in this situation. That's why I chose this topic to offer a marketing- mix solution to improve the company's business performance 2.
Aim and Objectives Firstly, the thesis systematizes the theories of marketing and marketing – mix Secondly, analyze and evaluate the status of marketing mix activities in X18 Cement Joint Stock Company Thirdly, this thesis provides solutions to improve X18 Cement Joint Stock Company’s business performance Tran Ngoc Khanh 1 CQ55/32.01 Graduation Thesis Academy of Finance 3. Scope of the research Subject: Marketing – Mix avtivities of the company Space: X18 Cement Joint Stock Company Time range: 3 years, 2017 – 2019 4. Research Methodology Data collection method: Textbooks, books, journals, final reports, published documents from Party and State agencies, organizations, departments and branches related to the research topic Research, Enterprise reports from 2016 to 2018 Comparison method: This is a widely used method to analyze socio-economic phenomena with homogeneity between one phenomenon and another, between the reporting period and the base period, between one type and the other. Illustration method: Pictures, tables,.
Analysis method: analysis and synthesis evaluation, analysis of absolute, relative, hypothetical. Thesis Structure Besides the preface, conclusion, and references, the thesis consists of three main chapters Chapter 1: Theoretical overview of marketing – mix solutions to improve business performance for x18 joint stock company Chapter 2: Overview of marketing – mix activites in x18 cement joint stock company Chapter 3: Marketing - mix solutions to improve business performance for x18 joint stock company Tran Ngoc Khanh 2 CQ55/32.01 Graduation Thesis Academy of Finance ACKNOWLEDGEMENT Although I have tried my best, but because of limited research conditions and knowledge, my thesis could not avoid errors. I hope that I can receive the bits of advices from teachers to make my research project more complete. I would like to express my deepest gratitude to my mentor, MA.
Nguyen Thi Van Anh, lecturer of Academy of Finance, who has given immeasurable help, constant guidance with many careful instructions, comments and valuable advice to me whenever I need. Without her support, I am not able to have a complete thesis. And I appreciate her patience in reading and correcting my thesis. I also want to show my sincere thanks to all the staff in X18 Cement Joint Stock Company.
Hanoi, May 2021 Graduation thesis author Tran Ngoc Khanh Tran Ngoc Khanh 3 CQ55/32.01 Graduation Thesis Academy of Finance CHAPTER 1: THEORETICAL OVERVIEW OF MARKETING – MIX SOLUTIONS TO IMPROVE BUSINESS PERFORMANCE FOR X18 JOINT STOCK COMPANY 1. Overview of Marketing Strategy and Marketing – Mix Solutions to improve business performance 1. Marketing and Marketing Strategies 1. Definition of Marketing Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Basic concept of Marketing Needs: Human needs are states of deprivation (Kotler and Amstrong, 1980) To survive, people are to meet their basic natural needs. The more developed the society, the more developed and complex natural needs will develop. Human need if formed naturally and can’t be affected by marketing activities. That’s why marketers can’t change human needs.
But marketers can learn and discover about needs to satisfy human needs. Wants: Human wants is the form taken by human needs as they are shaped by cuture and individual personality (Kotler and Amstrong. Wants are Tran Ngoc Khanh 4 CQ55/32.01 Graduation Thesis Academy of Finance descibed in terms of objects that will satisfy needs. Based on natural needs, wants are formed and governed by basic elements such as cultural characteristics, conscious knowledge, and consumption customs.
Discovering the want of each person or a human group is an important task. This will improve the adaption of marketing solutions to marekts and targets customers, improving the efficiency of business production Demands: Demands are human wants that are backed by buying power (Kotler and Amstrong, 2016). When deciding to buy a certain product, consumers are affected by two things: needs which shown through demand and their financial resources. Demand is a want on a product with a specific price.
Businesses must ensure that their product meets not only their customers’ needs and wants but also their financial situation. Marketing functions To best satisfy the needs of society. This function is implemented by researching and analyzing market demands including actual, potential and theoretical demands so marketing activities will be oriented to suitable solutions and ensure the highest production and consumption for the society. To enhance organisation’s adaptability.
Marketing activities help companies to differentiate themselves from their competitors but still best satisfy their target customers. If wisely used, marketing not only avoid unexpected situation but also strengthen their marekt positoion and expand their market, attract new customers and increase their competitiveness To stimulate consumption. Having good consumption is one of goals that many companies want to have. By setting price strategy, complete distribution systems, etc… or futhermore, training staffs will help companies reach that goal Tran Ngoc Khanh 5 CQ55/32.01 Graduation Thesis Academy of Finance To improve business and production efficiency.
The goal of marketing is always to bring the most efficency to business production. Taking marketing strategy needs to balance benefits of the market, companies and the society. Marketing activities are to aim for social and market demand satisfaction in order to meet companies’ best interests. Marketing Strategy Marketing strategy is a long-term, forward-looking approach and an overall game plan of any organization or any business with the fundamental goal of achieving a sustainable competitive advantage by understanding the needs and wants of customers An effective marketing strategy combines the 4 Ps of the marketing mix.
It is designed to meet the company’s marketing objectives by providing its customers with value. The 4 Ps of the marketing mix are related, and combine to establish the product’s position within its target markets The marketing mix can be divided into four groups of variables commonly known as the four Ps: Product: The goods or services offered by a company to its customers. It includes planning and development of products and services that the company will launch into the market. It combines smaller factors like variety, quality, design, features, brand name, packaging, services etc… Price: The amount of money paid by customers to purchase the product, need to determine the price policy for the products.
It consists of list price, discounts, allowance, payment period, credit terms etc… Place (or distribution): The activities that make the product available to consumers that includes channels, coverage, assortments, locations, inventory, transportation, logistics etc… Place is to select and manage distribution Tran Ngoc Khanh 6 CQ55/32.01 Graduation Thesis Academy of Finance channels, bring products to the end consumer effectively, in the right place at the right time. Promotion: The activities that communicate the product’s features and benefits and persuade customers to purchase the product that has advertising, personal selling, sales promotion, public relations etc… Promotion including activities, providing information on products for the market and persuading the market to use the products and services of companies. Importance of Marketing and Marketing Strategies 1. Importance of Marketing Marketing is essential to any good business.
It helps you reach and connect with your target audience and ultimately is how you will grow your business in the long run. For macro-economic managerial The basis for the construction of policy management To ensure sustainable economic development For businesses One of 4 determinants of success To enhance creditability, branding, competitiveness 1. Importance of Marketing Strategies Marketing strategy provides an organization an edge over it’s competitors. Strategy helps in developing goods and services with best profit making potential.
Marketing strategy helps in discovering the areas affected by organizational growth and thereby helps in creating an organizational plan to cater to the customer needs. It helps in fixing the right price for organization’s goods and services based on information collected by market research. Tran Ngoc Khanh 7 CQ55/32.01 Graduation Thesis Academy of Finance Strategy ensures effective departmental co-ordination.