Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 P1 Key roles and responsibilities of Marketing function.......................................................3 P2 Role and responsibilities of marketing relate to wider organisational context.................5 TASK 2............................................................................................................................................7 P3 Compare ways in which different organisations apply marketing mix to marketing planning to achieve business objectives.................................................................................7 TASK 3..........................................................................................................................................10 P4 Marketing plan for an organisation.................................................................................10 CONCLUSION..............................................................................................................................14 REFERENCES..............................................................................................................................16 .......................................................................................................................................................17
INTRODUCTION Marketing is referred as activities which are taken by organisation in order to promote purchase and selling of goods and services. This is done through help of various selling, advertising, delivering goods to business or consumers (Baker, 2016).It is also regarded as management and study of exchange relationship. Marketing helps in creating relationship and satisfying consumers. It is considered as collection of institutions, activity, procedure for communication,creation,exchangeanddeliverofferingswhichhasvalueforclients, community, society, clients, partners and others. It is very important for organisation to have proper marketing channels so that business can achieve goals and objectives in effective manner. The given assignment is based on Amazon which was founded in 1994. It is multinational organisation dealing in various products and services. It focuses on digital streaming, e- commerce,artificialintelligenceandcloudcomputingandregardedasoneoffourbig technologies. Amazon has initiated business by selling books online and later on expanded to furniture, clothing, jewellery, video games, apparel, jewellery and others. This report covers various role of marketing and their interrelationship with other functional units of organisation. It also covers comparison of organisation of marketing mix to achieve overall business objectives. Lastly, marketing plan has been prepared to achieve goal of firm. TASK 1 P1 Key roles and responsibilities of Marketing function AccordingtoPhilipKotler,marketingisdefinedasscienceandartofcreating, delivering, exploring value in order to satisfy needs and demand of their target market for earning profit. Marketing helps in identifying unfulfilled desires and needs of their consumers. It measures, defines and quantifies various size of market and their potential consumers (Barrales‐ Molina, Martínez‐López and Gázquez‐Abad, 2014). There are different roles of marketing which helps in promotion of firm and mission of company. The marketing department helps in reaching their prospectus, investors and customers that represent corporation image in market (Functions of Marketing, 2019). The roles and responsibilities of marketing function are as follows: Product Design and Development- The designing of product plays an essential role in selling of product. Here, organisation whose goods are designed in better and attractive manner
leads to sell more than those whose designing is weak. The product design and development can help Amazon in better manner to achieve competitive advantage. This should be developed on continuous basis so that consumer gets attracted to organisation and their products. The role of this function helps in attracting large number of customer towards products and their services. Responsibilities of product design and development functions is to hire skilled and talented employees for designing of products and services. They should consider requirements of consumers so that proper execution can be done. Also they need to analyse any issues related with product and solve it timely. Financing- It is the most important marketing function for each and every organisation. The finance manager of Amazon should make proper planning and budgeting for their business and accordingly allocate funds for various department. The equal division should be made for everydepartmentsuchasmarketing,operation,productionandothers.Thisfunctionof marketing requires highly skilled and capable person so that better outcome can be achieved (Beck and Reichert, 2012). The main role of financing marketing is to acquire and utilise funds for carrying operations in effective and efficient manner so that goal and objectives can be achieved. The responsibilities of financing functions are to make proper planning, controlling, reporting, short and long terms business strategy. Customer Support- Customer are considered as king of market. It is crucial functions of marketing which helps consumers to offer help and support whenever required. Amazon should provide variousservicesto consumersin terms of after sale services, technical, solving complaints of consumers, maintenance and credit facilities. This can provide satisfaction to consumer, helps them for competitive edge and encourage them for specified goods and services. The role of customer support function is to assist consumers and solving their queries and complaints. Their responsibilities are to provide them proper information about goods and services, answering their questions in effective and efficient manner. This can help them in achievement of goals and objectives in better and effective manner. Marketing Information- It is an essential functions of marketing which helps in gathering information about market and their workplace. This helps in knowing about consumer need, price they can pay, types of advertisement required for creating awareness and others (Bigat, 2012). Amazon is large e-commerce business which requires lots of market information for knowing about their consumers and requirement. The role of marketing information is to
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analyse past record of sales and interpret cost which helps in evaluation of performance and providing various useful fact and data for future planning. Similarly, responsibility of respective marketing function is to make decision for business on basis of information taken from market. Therefore, it can be summarised that marketing is essential function of respective organisation in order to carry operations and achieve goal and objectives. The functions of marketing should be implemented in effective manner so that firm can achieve their goals and objectives. P2 Role and responsibilities of marketing relate to wider organisational context Marketing is defined as management and study of exchange relationship. It is considered as business procedures for creation of relationship with their consumers and satisfying them (Biggemann, 2012). This is premier components of organisation management where all activities depend on it for better outcomes. There are various roles and responsibilities of marketing functions which are liable for growth of company. This includes functions such as market research, product development, distribution, communication, planning, finance, selling and promotion. In wider organisational context, it has various roles and responsibilities with other department. The interrelation of marketing functions with other department are described below: Marketing With Finance- Both marketing and finance are considered as two most essential pillars of company in order to achieve profits and growth of corporation. The finance department has to perform various functions related with financial aspects such as costs and profit calculation, feasibility of project, preparation of balance sheet, profit and loss account. Similarly, marketing focus on sales target, volume of sales of Amazon organisation. Both department work together for effective outcome. Here, marketing provides information to finance regarding requirement of funds for various activities such as promotion, advertisement and others (Chang, Yu and Lu, 2015). The finance department need to allocate money for all other departments running inbusiness so that effective outcome can be achieved. In this way, both should work effectively so that business can sustain, growth and survive in competitive market. Therefore, these departments are very important for organisation to get success through competitive edge. Marketing With Operational Management-The marketing department has to perform work closely with production department. They need to ensure proper research and development for planning to satisfy need and requirement of consumers. They marketing department should
provide information regarding designing and specifications of products to operation department as they focus on manufacturing of goods and services. It is marketing department who provide information regarding requirement of orders and deliver within given time period to operations. It is marketing functions who will set target or deadlines to stretch capabilities of production department. Here, Amazon marketing department want to get products as soon as possible for achieving competitive advantage whereas operation focus on testing and developing products before providing to consumers for meeting their health and safety requirements. Marketing With Human Resource- The marketing and human resource department should work together for effective outcome. The HR overview recruitment, training, selection and professional development of staff and employees. Apart from these, they also look after well being of people, motivation of employees, performance management and others. In order to select marketing manager, they should take help from HR manager so that they can recruit and select best candidates for organisation (Constantinides, 2014).For example, Amazon is required of marketing manager for helping in organisation, so they take help from human resource managertorecruitandselectbestcandidatesoutofmanywhocaneasilyperformall responsibilities and duties for achievement of goals and objectives. They both should work in better and effective manner so that organisation can get right employees for performing work and achieving goal and objectives. Therefore, from above it can be concluded that marketing function work with other various department so that performance can be done in effective and efficient manner. Here, it collaborate work with finance, human resource and operational management. Apart from these above, it has also an effective interrelationship with Information Technology, research and development, customer service provision, production, logistics and others. Marketing provide guidance to all other departments in order to carry work in systematic manner (Du Plessis, 2015). It is very important for marketing department to maintain relationship with all other department to help each other and select best candidate for work performance, making of proper budgets and others.
TASK 2 P3 Compare ways in which different organisations apply marketing mix to marketing planning to achieve business objectives Marketing mix is defined as foundation framework for business or 7P's of goods. It is the collection of marketing tools which is used by firms for pursuing marketing objectives in target market. In other words, it is set of tactics, actions, which is used by company for promotion of their brands in respective market (Erevelles, Fukawa and Swayne, 2016). It is group of marketing elements which firms controls and combines to manufacture desired response at target market. This is regarded as essential tools and techniques of marketing which comprises of various components that can influence demand of goods which is offered by corporation. The marketing mix consists of 7P's such as product, price, place, promotion, people, process and physical evidence. In order to do comparison of 7P's of Amazon, chosen organisation is Flipkart which also deals in e-commerce business. They are as follows: Marketing MixAmazonFlipkart ProductItisinternationale-commerce company in world. The products of Amazonaresoldonline,through website, application. There are variety ofproductswhicharesoldto consumers as it started business with book later on diversified portfolio. It sells books, clothes for men/women, jewellery,gardeningequipments, mobile phones, DVDs, accessories. It is selling more than 80+ products suchasclothing,electronics, appliances,mobiles,books.The product divided into two categories such as product to seller and product to buyer. In product to seller, they sell goods on website such as units sold, profit making, opportunity for promotingproducts,logistic channels and others. In product to buyer, it provide different options such as free payment system, debit, credit card, net banking and others. PriceAmazon has used competitive based pricingstrategy.Duetovaryin various services offered by respective The pricing strategies set by Flipkart istocompetewithe-commerce organisation.Itofferoneday
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organisation pricing strategies can be varied.Italsofollowdifferential pricingbecauseofhavingdifferent websites in various places. Therefore, mostly it follow competitive pricing strategies for products. delivery for regular consumers, if order is above 500, free delivery is provided and in case of less than 500 they charge nominal price. The pricing strategies of Flipkart keeps on changes because of offers and discounts provided by organisation. Therefore,inallcasesithasset competitivepricingstrategiesfor their people. PlaceAmazonisglobalbrandwhichis present all over world. Consumers can buygoodsandservicesfrom applicationandwebsite.Once consumer places order they can get it on expected date and time. There are many warehouse in order to reach to remote areas. They also uses courier serviceandlocalportalfor transporting packages. Itfollowspokeandhubmodel where there are 21 warehouse for theirconsumers.Theproducts moved from warehouse to mother hub or fulfilment centres. They also delivergoodsandservicesto consumerpanIndiawithhelpof distribution network. PromotionAmazonusesvariousmarketing campaign for promoting their brand. It usesprintingadvertisementin newspaper,television,commercial, social media and others for promotion of their goods and services. They also focusonimprovingbrandimage throughmaintainingeffective relationship with their consumers. Ithasusedvariouscreativeand interestingadvertisementsfor creatingawarenessamong consumers. The first campaign used was given on TVC having concept ofbookswheredeliveredcanbe done in just single click. Here, they haveplannedsystematicallyand undertaken efforts for reaching high level or heights.
PeopleAmazon focus on their employees and theirbenefitsintermsoffinancial, health and assistance programs. More than 230,800 employees are working in respective organisation to provide goods and services to final consumers. Flipkartdealswiththeirbuyer through consumer care centre that focusonsupplierissues,product damageissues,cancellationand othersfacedbycustomers.Other modecanbethroughhelpof website and application. Apart from thepeopleofFlipkartaretheir investors,employee,customer services. There are many employees and staffs working in organisation in order to provide goods and services inordertoachievegoalsand objectives. ProcessIt is global leader in web services and e-commerce which has strong process fororientedbusiness.Thisuses businesstechnologyforsupporting daily activities and advertisements for location of package. There are different processes which are executed through deliveries and services. When consumer open page ofFlipkarttheycaneasilyview offers and discounts for products. There are many options available for userswhilebuyinggoodsand services.Itcanincludescashon delivery,creditcard,debitcard, delivery time, safety payments. Physical Evidence The physical presence at website is biggest physical evidence of Amazon. As it is online business which is user friendlyinnatureatwebsiteand application.Thewarehouseand fulfilment centres are presented in all Theoffices,packagingmaterials, deliveryboxesareconsideredas physical evidence of Flipkart. The goodsarepackagedinproper manner in order to avoid it from harm.Productsareundergone
countries for carrying operations. This organisation carry logo that is arrow from a to z that means individuals can buy anything in Amazon. through 6 quality checking in order to provide or deliver high quality goodsandservices.Itprovide prompt delivery and 30 days return policy.Thelogoofrespective organisation also represent physical evidence. TASK 3 P4 Marketing plan for an organisation Marketing plan is defined as report which outline marketing strategy for upcoming month, quarter, year. It is overall business plan that is blueprint or comprehensive document which outlines marketing and advertising efforts (Fan, Lau and Zhao, 2015). This describes various activities of business that is involved in accomplishment of particular objectives within given time period. It also includes overview of current marketing position of firm, description of marketing mix and discussion of target market which helps in achievement of marketing goals. The plan includes overview of firm advertising and marketing goals, timeline or completion of strategy, description of consumer and business need and market, key performance for tracking and current marketing position. This follows proper step in order to achieve goal and objectives of firm. The marketing plan made by Amazon is as follows: Step 1: Situation It is the first step of marketing plan where Amazon need to analyse situation of firm. The planner should be highly skilled and capable for making such plan for business (Finch, Nadeau andO’Reilly,2013).ThisincludesSWOTanalysis,situationoffirm,market,industry, competition and environment which are described below: Strength- Amazon has strong brand name and focus on customisation of products and services. It bring innovation and differentiation to product lines in order to fulfils need and demandofconsumers(SWOTanalysisofAmazon,2019).Thiscarrylargenumberof merchandise selection and third party sellers. Amazon has developed partnership with other local
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suppliers in order to compete against national competitors. It is involved in three different business for supporting and working each other such as Amazon Marketplace, Amazon Prime and Amazon Web Service. This carry superior distribution and logistics system for their products. Weaknesses- There are some weaknesses of Amazon as other online retailer can easily imitate business and their model. There are many rival of firms such as eBay, Oyster and others. It has also lost profit margins in some areas, products has flops and failed in market. Opportunities- There are many opportunities available for Amazon in order to expand their business in competitive market. They can improve and expand physical online stores and penetrating and expand operations in developing markets. They have opportunity to improve their technological measures and organisational policies for reducing counterfeit sales. Threats- In order to carry business in competitive market, there are some threats which are faced by Amazon such as high regulations of government in some countries for business proceedings. There is high chances for cyber crime in case of online business and delivery. Also there is aggression competition and imitation of style and methods for carrying out operations. Amazon need to analyse their firm, market, environment and competition in an effective and efficient manner so that goals and objectives can be achieved. This can help them to know about other market and their aspects. Step 2: Objectives It is defined as particular results which person or system aims in achieving within given time period. It is very important for firm to set objectives while developing marketing plan. This includesvariousaspectssuchassales,marketshare,marketexpansion,leadershipand satisfaction (French and Russell-Bennett, 2015). The objectives should be set for sales by Amazon such as increase sales by 20% in three years. They should aim to increase their market share by 15% in three years. In objective stage, Amazon should plan for market expansion where they should choose proper market and expand their business by opening stores in better manner. There are many activities which requires leadership To introduce new off-line auction stores in metro cities in order to maximise sale of their products 30% more within 10 months. Step 3: Strategy
In this step company have to develop strategies which help in targeting right segment and positioning of objective in selected audience. Company is using cost effective strategy which help in selling products by auction in its off-line stores (Henriksen, 2012). For this Amazon has to differentiate its products and services in marketplace. These strategies will have Amazon in diversify its services and capture more market share. To identify and select right audience Amazon has to conduct segmentation targeting and positioning strategies for its new off-line auction stores. Segmentation:Itreferasdividinglargemarketintodifferentsegments.For segmentation Amazon will classify market area in small parts based on different needs and wants of customers. Segmentation of market is based on demographic, geographic, behaviour and psycho graphics needs and requirement of new services to customers (Järvinen and Taiminen, 2016). Targeting:Amazon is targeting customers of metro cities. Company is opening new offline stores in metro cities where consumer can visit stores to check and purchase products. Products are of hight quality and customers can bid for products in stores to buy it. Positioning:Company can create positive image of physical stores as many people do not consider on-line purchases of high value products. Amazon can use online as well as offline media for promotion for customers as they can get heavy discounted products in new stores By these strategies Amazon will have competitive advantage from its competitor companies. It will help in attracting more customers towards Amazon stores and increase purchase. This ultimately leads to high profits for company. Step 4: Action Plan In action plan, Amazon have to decide its budget to setup off-line stores in metro cities. Company have to put its strategies or plans into actual actions. For action plan Amazon have to allocate budgets to different activities of marketing mix (Laczniak and Murphy, 2012). This include product, price, promotion, place or distribution of products. These 4 P's of marketing used in introducing of new off-line stores of Amazon.
Product:Off-line stores are new service which Amazon is going to introduce in near future. These store will have high value and expensive products at auction. All products in these stores are for auction. Customer can visit store and check it before purchasing it. Price:It include cost of setting up physical stores in marketplace as well as the price of products in Amazon stores. Actual price of products are very high as these products serve great value to customers. But in off-line stores of Amazon customer can bid for its products and highest bidder will get product. Promotion:Amazon can use Morden as well as traditional methods for promotion of newoff-lineauctionstore.Traditionalwaysinwhichcompanycanpromoteis advertising it in newspapers, TV, radio etc. And modern ways of promotion includes online marketing, information on Amazon website, blogs about off-line auction stores. Place:Company is setting up these off-line physical stores in metro cities (Malhotra, K., Birks and Wills, 2013). Amazon has chosen metro cities because of population size of customer. Metro cities have high large population which will direly affect number of walk-in in stores. Step 5: Forecasts Marketing Budget MARKETING BUDGET PARTICULARSI YearII YearIII YearIV YearV Year Initial money30008000136001356018640 Investment1200012500258403190016480 TOTAL1500020500394404546035120 MARKETING OUTLAY Promotion54502850425035203030 Sales publicity20001500360025001300 Direct selling35001600550025005600
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TOTAL1095059501335085209930 Step 6: Control In order to maximize return from marketing plan it is very important to have control over plan's progress (Ratiu and Avram, 2013). Amazon have to measure and evaluate plan functioning with strategies or requirement of company. To make plan successful it is important to have right implementation of plan, evaluation of plans progress after some time and control which things are not according to plan. Amazon needs to check frequently strategies and implementation of plan are executed successful. Company needs to evaluate plan on regular basis and take corrective measures when ever required. Some major techniques for evaluation andcontrol plans which can be used Amazon are mention below. Monitor customer feedback:Company can ask feedback from customers about new off-line services launched by Amazon. For this company can take feedback for customers who visit stores (Ryan, 2016). Customers will give feedback about off-line store services as well as products in store. These feedback will help company to understand what is going good and what needs to be change in plan. Target market sales:Before actual implementation of plan Amazon has set some target which needs to be achieve in some period of time. Company needs to careful evaluate target market sales which forecasted sales during planning. Amazon needs to take corrective measures if off-line store is not able to achieve target sales. Cost analysis:Amazon needs to analyses cost involved in launching off-line store in metro cities. Cost analysis include comparing actual cost in introducing off-line store with set budget of cost (Tan and Sousa, 2015). Amazon finance team have to careful analyse set budget after understand needsor requirement in every aspect and take corrective measures if cost is exceeding budgets. Amazon ultimate objective form lunching new offline store is to increase profit and market share in market. So it is important to control all those factors which is barrier in achieve company objective.
CONCLUSION From above assignment it can be summarised that marketing plays an effective role in achievement of goal and objectives of business. It is very important for respective organisation to use proper marketing tools and techniques for creation of awareness among consumers. There are different roles and responsibilities of functions of marketing such as product design and development, financing, market information and planning and others for better results. Each marketing functions has their own roles and responsibilities to carry out work. In order to run business in competitive market, it is very essential to have interrelation among different functional units with marketing so that business can achieve their set goal and objectives. The comparison has done between Amazon and Flipkart in order to know about marketing mix of both and adopt it in business. Also marketing plan is developed and evaluate for carrying each and every work of firm in better and effective manner.
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