This presentation discusses the roles and responsibilities of marketing functions in a business, including the impact of the external environment, structure and operations of marketing departments, and the interrelationship between functional units and marketing.
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TABLE OF CONTENT Introduction Roles & responsibilities of marketing function Impact of external environment Structure and operations of marketing departments Roles of marketing in B2C- Role of marketing in B2B- Roles and responsibility of of marketing related to an organisation Interrelationship between functional units and marketing Marketing as business function key elements of marketing function Conclusion References
INTRODUCTION Market sector is increasing and it is crucial to have appropriate knowledge about concept of environment so that planning is done accordingly. Main aim of this report is to analyses the importance of marketing essentials within business(Azhar, 2019).
Roles and responsibility of marketing functions Marketing refers to an activity which helps in promoting the buying and selling of goods and services. It includes advertising, selling and delivering of goods and services to its consumer. It understanding needs of customer andtrytosatisfyingtheirneedsfortheachievementofgoalof organisation. Natures of marketing-These are some nature of marking which helps the relevance company in understand their market practices.
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Impact of external environment Marketing activities-External environment are not under the control of relevance company. But they understand how they impact on organization and target market. External environment consist of social, economical, competition, technological variables. Social factors-These factors have a major implication on market. Change in culture create marketing opportunities for selected firm.
Continue.. Competitivefactors-Competitorsofrelevancecompanyinfluence business both positively and negatively. It brings about innovation, better customer service and help in understanding strength and weaknesses of company. But if relevance company is not able to face competitive market, then it negatively influence the company.
Structure and operations of marketing departments- Marketing operations is a wider term that helps in describing functions of marketing department. Which included people, process and technology thatenablemarketingdepartmenttoworkefficiently.Structureof Cadburymarketing department is based on their needs. There is a leader and high level executive who helps in establishing the business strategies of relevance company, and oversees operations of team. Structure of marketingdepartmentincludesmarketingmanager,productmanager, advertising manager etc.
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Continue.. Products manager-Its main role is to focus on product innovation and promotion. Product manager of relevance company identify changing needs of customer and create new product that satisfying their customer.
Roles of marketing in B2C- Establish transnational relationship-Main role of it is to push customers towards the product for increase sales. Business to customer businesses give more value to efficiency. It reduces the amount of time spent to know theircustomers,whichcausetheirrelationshipextremelytransaction (Girton, 2018).
Role of marketing in B2B- Audience targeting-B2B(Business to Business) is usually work in a niche market. So the role of marketing is to effectively attract them and analyses accurate data. .
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Roles and responsibility of of marketing related to an organisation. Marketing is a set of activities to create, communicate, delivering and exchange offerings that have value for others. It is an essential function of business. Their are some functions of marketing which helps in growth of business. Financing-For growth of relevance company it is important to make a successful marketing campaign. This marketing function helps in creating a smart financial plan that creates profit for business (Haase, 2018).
Continue.. Promotion-This marketing function is very essential for the growth of selectedfirm.Itisansignificanceroleofmarketingwhichhelp is communicating with customers. It helps in informing target audience about the availability of company product in market. Roles and responsibility of marketing functions-Functions of marketing can be defined as the roles of an organisation. Which helps relevance company to identify a successful product for market and also help in promotion of that product.
Continue.. Finance department-It is an important function of marketing which preparebudgetofrelevancecompany.Itsbudgethelpsmarketing department for successfully planning and implementation of their plan. In relation of selected organization, finance department of firm make assure that budget is allocated to all departments on basis of which it become easy to use resource efficiently & at optimum level (Jha, 2017). Productiondepartment-Thisfunctionofmarketinghelpsin understanding changing needs and preferences of customers. And fulfils the demand and supply products of relevance company. The production departmentofCadburymanages&maintainandmanufacturethe products of a business. So, chosen corporation have skilled staff who are
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Marketing as business function Marketing as business is function is important which is to be considered in proper so that goals are accomplished. In context of selected entity, they too uses concept of marketing in proper manner as it includes promotion, advertising, selling & many other activities which are beneficial for business. Also, it is necessary to through using marketing as functions assist in development of organisational goals and objectives.
Continue.. Human resource department-This function generates policies on the basis ofmarket trends, sales and target customers of relevance company. It helps in increasing productivity of relevance company. Interrelationship between functional units and marketing- Marketing functions of relevance company are an important part an organisation. All the departments and functions are related to each other. For a successful development of plan and implement that marketing plan in an organisation, it require support of all departments.
key elements of marketing function Marketing function comprises of several key elements which are used by enterprises with proper considerations. In relevance of selected entity, they have various key elements which are discussed as follows- Research- In enterprise, research play crucial role infirm activities because without adopting of marketing research it is not possible to carry out business operations properly. So, Cadbury have research expertise & team through which they are able to gain information & data in well organized way.
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CONCLUSION After a brief analysis of above report, it is concluded that it is necessary to be aware about theseessentials of marketing so that everything is being done with proper considerations. So, discussions have been made about roles & responsibilities of marketing function, inter-relation of marketing. Thus, it has been evaluated that it is crucial to be aware about concept of marketing so that it is easier to make decisions in appropriate way. In this competitive market, it is necessary to use tactics & strategies in order to achieve business objectives within time period.
REFERENCES Books & Journal: Azhar, 2019. The role of marketing mix and service quality on tourist satisfactionandloyaltyatSamosir.IndependentJournalof Management & Production,10(5), pp.1662-1678. Girton,2018. Creating a marketing plan with a marketing team of one. Haase, 2018. Alternative economies as marketing systems? The role of value creation and the criticism of economic growth.Journal of Macromarketing,38(1), pp.57-72. Jha, 2017. A study on analyzing the branding and perception for cadbury chocolate with reference to other market players.South Asian Journal of Marketing & Management Research,7(7), pp.89-98.
Continue.. Reimann, 2021. The Influence of Dynamic andAdaptive Marketing Capabilities on the Performance of Portuguese SMEs in the B2B International Market.Sustainability,13(2), p.579. Sekerin, 2018. Formation of ecosystem marketing concept.Journal of Environmental Management & Tourism,9(1 (25)), pp.160-166. Sen,2021.EssentialsofSustainability:ARoadmapforBusinesses. Sustainable Management for Managers and Engineers, pp.67-88.