Aldi supermarket Essay Example | Topics and Well Written Essays - 1000 words

Aldi supermarket - Essay ExampleIn Aldi product innovation could be related to the introduction of products that do not currently exist in the UK supermarket industry, even if their differentiation from the industrys existing products would be small for example, an zip fastener drink of different ingredients depending on the status of health and the age of consumers would be a product that meets the terms of product differentiation.Through product differentiation Aldi could arrange to acquire a sustainable matched utility, i.e. an advantage that keisternot be copied by competition (Lamb et al. 2011, p.42). For developing a sustainable competitive advantage Aldi should try to get wind that its products are aligned with the needs of the local market and that they could attract the interest of local consumers (West et al. 2010) this means that the advantage of the firms products towards them of its competitors should be clear to the consumers. other approach that Aldi would use fo r acquiring a sustainable competitive advantage would be the following the firm could use social marketing, which promotes behaviours that provide well-being for individuals or for society (Kapoor and Kulshrestha 2013, p.10). For example, Aldi could use its marketing campaign for increasing the awareness of people on the health consequences of the consumption of milk-based products. Of course, other strategies, for acquiring a sustainable competitive advantage would be also available to Aldi for example, by decreasing the price of a specific category of products would result to a sustainable competitive advantage for Aldi, even in the short term (Lamb 2012).In the context of marketing, a PEST analysis is a valuable tool for assessing the status of a event market, i.e. to identify the markets current performance in regard to one or more industries. In addition PEST analysis can help to check the prospects of a market, i.e. its potentials for growth in the future, as related to a ser ies of