Role and Responsibilities of Marketing Function in ASDA
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This report analyzes the key role and responsibilities of marketing function in ASDA, its interrelationship with other functional units, and comparison of the 7P's of marketing mix with competitors. It also includes a detailed marketing plan for the company.
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MARKETING ESSENTIALS
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Explain the key role and responsibilities of marketing function.................................................3 Explain how role and responsibilities of marketing is related to the wider organization context.........................................................................................................................................4 Comparison of the 7P’s of marketing mix of the organisation with another competitor............6 Marketing Plan............................................................................................................................8 CONCLUSION..............................................................................................................................11 REFERENCES..............................................................................................................................13
INTRODUCTION Marketingcan be defined as those variety of activities that a company undertakes in order to increase the buying and selling of their products or services that they offer to the consumers. ASDA is headquartered in Leeds, UK and is a chain of retail stores that are operating in UK. In the current report, the role of marketing and its functions as well as its interrelationship with other functional units of the company will be analysed and studied. This report will also include analysis of the marketing mix of the company and comparison of the 7P’s of the company with its competitors. Lastly, this report will also present a detailed marketing plan of the company producing an evidenced based plan and the concluded and present appropriate findings. MAIN BODY Explain the key role and responsibilities of marketing function Meets the customer needs and wants:It is one of the most important role which is played by the marketing in the organization. As marketing used to research the market on the regular basis and on the basis of the same different trend and the preference are carry out by the marketing department of the company. Generally the marketing department in the market research used to identify the different need of the customer in the market and on the basis of the same different product are developed by the company to full fill the need of the customer in the market. Marketing team of the Asda used to pass on the information gather to the manufacturing department of the company which used to develop the product which can satisfy the need of the customer. Promote the product of company:It is the another role of the marketing in which the marketing department of the company used to promote the awareness of the company product in front of the consumer in the market. This help the company in getting better efficient customer in the market. Generally marketing department of the company used to select the best customer from the market which is suitable to sell the product of the company. After that the marketing team of the company used to use the best promotional tool to promote the product of the company in front of the market. This eventually help the company in promoting the product of the company in context to the selected customer base. This eventually help the company in getting good support from the market.
Distribution channel and price:Marketing department of the company also help the organization in setting up the price of the product on which the product of the company will be offer in the market. Generally, the marketing team of the organization used to take the help of the market research in which they used to look at the price of the product of thecompetitor organization and also on the basis of that used to decide the price of the company product on which product will be offered in the market. Marketing department of the Asda also used to decide the best available and suitable distribution channel which is available in front of the Asda to distribute the product of the company in the market. Customer Base: It is the another role which is played by the marketing department of the Asda in which the marketing department of the company used to increase the customer base of the company by using the larger number of the resources and the platform to promote the product of the company in the market. The reason behind the same is that there is no universal platform which can help the company in promoting the product of the company in the market. That's the reason the marketing team used to use more than one platform to promote the product of the company which help them in improving the customer base of the company. For example: The marketing team of the Asda uses the social media platform to promote the product of the company in the market which help them in getting all the youth cover. At the same time they also used to take the help of the news paper advertising which help them in covering all the eldest customer toward the company. Explain how role and responsibilities of marketing is related to the wider organization context. Marketing department of the company not only help the company in improving the profitability of the business or customer base of the company it help the company internal function also so that with the help of the same different department of the company used to carry out their operation in the business. Marketingandmanufacturingdepartment:Manufacturingdepartmentisthe department which used to develop the different product of the company to be sold in the market. This is the department which is well supported by the marketing department of the company. Marketing department used to provide the variety of the market information to the manufacturing department of the company. The information includes the customer preference, needs and the requirement in the market on the basis of the same the manufacturing department of the company
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used to develop the product of the company which can help the customer in satisfying there need. At the same timemanufacturing team of the Asda used to give the information about the product of the company on the basis of the same the marketing team used to develop the different marketing strategies in the organization. Marketing and Human resource department:Human resource department is the department which used to look at managing the employee of the organization in such a efficient way that it help the company in achieving the organizational goal efficiently. As in today's era the need of the skill set used to change in the market to carry out the day to day operation of the business. Marketing department of Asda used to guide the Human resource department about the skill set which is require in the Asda. On the basis of that Human resource department of the Asda used to plan the different human resource activity of the organization. In return of the same the human resources department of the company used to provide the best human resources to the marketing department to carry out the marketing activity of the company. Marketing and sales department:Sales department of the Asda used to sell the product of the company in the market so that customer is able to get the product of the company to satisfy there need. Marketing department of the company used to pass on the message to the sales department of the company about the customer which can be targeted by the company in the market to sell the product of the company. At the same time the sales department of the company used to provide the variety of the different information to the marketing department of the company in context to the product of the company. On the basis of that the marketing department of Asda used to make the change in the promotion material of the company. Marketingandtheprocurementdepartment:Procurementdepartmentisthe department of the organization which used to look at buying the different raw material and the resources in the organization to achieve the organizational goal very efficiently. Marketing department of the Asda used to provide with the different sources through which the different material in the organization can be gather. As marketing department used to gather the information from the market about the different sources which are available. At the same time in return the procurement department of the company used to give the best resources to the marketing department of the company to carry out the marketing activity in the organization. At the same time also used to provide the raw material to the manufacturing through which the good quality of the product can be develop to satisfy the need of the customer in the market.
Marketing and Information Technology department:Marketing Department of the company used to provide the information about the competitor IT performance. On the basis of the same the IT department of the company used to take the variety of the decision to improve the performance of IT. At the same time IT department used to provide the supporting hand to the marketing department of the company by the way of opening the different promotional tool for the organization. Comparison of the 7P’s of marketing mix of the organisation with another competitor The marketing mix of a company helps in analysing various aspects related to the marketing strategy of the company that they use in order to target the consumers in the market. These factors are under the control of the company and can be categorised in seven different headings: 7P’s of Marketing Mix ASDASainsbury ProductThere is a wide variety of goods that ASDA provides and cater to food and grocery, entertainment, clothing, leisure, home décor and many other requirements of the customers(Baker,2016).The companyalsogivesfinancial servicessuchascreditcards, travelinsurance,personalloans etc. to its customers. Thereareover15000brand products that are of the company itself and apart from them there are many other categories as well that the company supplies to its consumers.Aftertakingover Argos, the product range has even widened further. PriceThepricingstrategyusedby ASDA is basically lower pricing strategy where they charge lower pricesfromitscustomersand despite charging lower prices, the qualityoftheproductsis extremelygood.Theyalso Thepricingstrategiesofthe companyarelinkedwiththeir positioning strategies i.e. since the company is located in the high- endmarketsector,mostly premium pricing is used by the company which however devoid
exercisecompetitivepricing where they place their goods at a lower price than the competitors such as Tesco, Sainsbury etc. the company of a wider consumer range(Deal, 2018). PlaceASDAoperatesinbothonline and offline manner and there are approximately525storesof ASDA that are operating across the entire UK(Choi and et.al., 2016). They have supermarkets, supercentres,superstores,petrol stations,ASDAlivingetc.that areservingpeopleindifferent manners satisfying variety of their needs. Thereare1432storesofthe company and the online market is alsoextremelywelldeveloped. ThereisaChopChopApp Scheme that was started by the company in 2016. PromotionThecompanyusesTV, Newspaper, radio and many other mediachannelsinorderto promote their product and uses a variety of attractive schemes such as buy one get one free, special schemes, sponsorshipsetc.they are also funding many charitable projectsunderTheASDA Foundation. Apart from all the normal media outlets that a company can use to promoteitsproducts,Sainsbury additionally uses many celebrities as its brand ambassadors and sales promotiontechniqueusually involvescustomerloyalty schemes and price cuts. PeopleASDAemploysasmanyas 160000 people in its network of offline and online stores and uses both on the job as well as off the jobtrainingstyleinorderto developtheskillsofthe The employees of the company are adequately trained regarding the various products and services of the company and they are given training that is suitable to their job role.Thecharacteristicofthe
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employees. The wages given to the employees are also high and fair thus keeping them satisfied and loyal to the company. employees to always know which product is placed on which shelf in the store particularly segregates them from others. ProcessesTheentireprocessadoptedby ASDAinordertomakeits product accessible to the general public involves buying of these productsfromthesuppliersor manufacturingthemandthen supplying them to the consumers in their stores. The stores open early in the morning and close late or given services for 24 hours to their customers. The process of the company is simplei.e.togatheror manufacture the products and then make them available in the stores. The online delivery process of the companyisquickand products are easily made accessible in a timelymanner(Chalikiasand Skordoulis, 2017). Physical EvidenceThisisthelastelementand describes the physical structure of its products, services, stores and theiraspectsrelatedtothe company. ASDA has an attractive logoandthepackagingofthe productsisalsoattractiveand distinctivemakingtheproduct easily recognisable. Its website is also very attractive and pleasing to view and easy to surf. The colours and packaging used bythecompanyiscatchy, expensive and attractive but due to similar strategies used by the other competitors, consumers fail to keep the brand sign in mind. Marketing Plan Executive Summary Asda is looking to introduce healthy energy drink in the market with own company name. This plan highlights the vision, mission and objective of the company. After that the plan has
highlighted the STP, Budget and 7 ps of the product. In the end the report highlights the monitoring and controlling process of company(Deal, 2018). Company Overview Asda, is a British supermarket retailer, headquartered in Leeds, West Yorkshire. The company was founded in 1949. Mission and vision Asda is looking to introduce the healthy energy drink in the market with the vision to improve the health of the consumer in the market.The mission of the company to launch the energy drink which has the herbal product in the energy drink. Objective Objective behind introducing the new product is to improve the market share of the company by 20 percent. To increases the sales of the company by 15 percent. To increase the revenue of the company by 20 percent. Internal and External Analysis SWOT Strength:The biggest strength of the company is that the company is the good will of the company which is developed by the company due to the good quality of the product which is offered by the company. Another strength of the company is the good financial position of the company in the market. Weakness: The biggest weakness of the company is the lower profit margin as to be competitive in the market the company used to offer the product of the company at the lower rate so that the company can be competitive in the market(Eades and Thornhill, 2017). This eventually lower down the profit margin/. Another weakness of the company is the clothing sector of the organization as organization clothing sector is not performing that good as expected. Opportunity: There is a very good opportunity in front of the Asda to use the new technology to develop the product which can be sold in the market. Threat: The biggest threat for the company is the amount of the competition which is faced by the Asda in the local market. PESTLE
Political Factor:political environment is in the positive side of the organization. As the UK government used to support the healthy food in nation it will help the company. Economical Factor:This is also in the favourable side for the organization as the interest rate is low in the UK which help the company in getting the finance very easily. Social Factor:As the need of the customer used to change on regular basis this environment is not that favourable as organization has to change there operation on regular basis. Technology Factor:In the rapidly changing environment the need of the new technology used to change on regular basis which eventually affects the company as company has to evaluate the technology on regular basis. Legal Factor:This environment do not used to affect the Asda as all the activity which are performed are performed by compiling with different rules and regulation(Brownlee Dmytriyev and Elias, 2017). Environmental factor:This factor are successfully defended by the company by using the recycling packaging material. STP Segmentation:Asda will be segmenting the different segment on the basis of the age group of the customer and also on the basis of the feedback of the company. Targeting:Asda will be targeting the customer with the age group of the middle age group that is between 20-40 years. Positioning:Asda will be positioning the product of the company with the help of the different advertisement technique. Budget ParticularsCost Advertising activities ( using print media and social media ) $ 50,000 Human resource$ 15,000 Packaging and labelling$ 20,000
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Production cost$ 40,000 Supply chain management$ 25,000 Total$ 150000 7 P's Product:Product of the company will be thehealthy energy drink which will be sold in the two size of cans. Price:Asda will be using the screaming pricing method to sell the product of the company in the market. Place:Company will be selling the product of the company in the local market of the UK and after seeing the result will decide the future plans. Promotion:Asdawillbeusingthesocialmediamarketingandthenewspaper advertisement as the two promotional tool to promote the product. People:Asda will be offering the good amount of the incentive to attract the employee toward the organization. Physical evidence: Asda will be using the logo as a physical evidence(Chalikias and Skordoulis, 2017). Packaging: The product of the company will be packed with the help of the recycling material and also in two different size of the cane. Monitoring and Controlling Controlling: Asda will be hiring the new employee in the organization to control the operation of the new healthy energy drink. Monitoring:Asda will be using the benchmarking tool in the organization to monitor the performance of the new product(Eades and Thornhill, 2017). CONCLUSION The research conducted in the above report helps in concluding that marketing is a very important aspect for any company and marketing essentials helps in targeting particular aspects related to the marketing activities of the company. This report identified the basic functions of the marketingactivitiesand furtheranalysedthe relationshipof marketingwith theHR department, finance department and production department of the company ASDA. The report also made a comparison between the 7P’s of the marketing mix adopted by the ASDA with
comparison to Sainsbury and the differences were clearly identified and evaluated. Lastly, in this report a marketing plan has been prepared on the healthy energy drink of the ASDA company and therefore, the proper analysis of the importance of marketing essentials for a company was done in the report.
REFERENCES Books and Journal Baker, M.J., 2016. What is marketing?. InThe Marketing Book(pp. 25-42). Routledge. Blockeel, C. and et.al., 2016. A fresh look at the freeze-all protocol: a SWOT analysis.Human reproduction,31(3). pp.491-497. Brownlee,E.R.,Dmytriyev,S. andElias, A., 2017. IntegrativeStakeholderEngagement: Stakeholder-Oriented Partnership Between the Coca-Cola Company and World Wildlife Fund. InStakeholder engagement: Clinical research cases.(pp. 339-367). Springer, Cham. Bull, J.W. and et.al., 2016. Strengths, Weaknesses, Opportunities and Threats: A SWOT analysis of the ecosystem services framework.Ecosystem services,17.pp.99-111. Chalikias, M. and Skordoulis, M., 2017. Implementation of FW Lanchester’s combat model in a supply chain in duopoly: the case of Coca-Cola and Pepsi in Greece.Operational Research,17(3). pp.737-745. Choi, H. and et.al., 2016.Image processing apparatus, upgrade apparatus, display system including the same, and control method thereof. U.S. Patent 9,367,890. Deal, J., 2018. Brand Communication in a Large Consumer Goods Company: A Case of The Coca-Cola Company. DeLaGrange, M., Insurance Lounge Franchise Company, Inc., 2016.Retail display. U.S. Patent Application 29/561,617. Eades,K.M.andThornhill,D.,2017.PepsiCo,Inc.:CostOfCapital.DardenBusiness Publishing Cases. Online 7p's,2016[ONLINE]Availablethrough<https://www.professionalacademy.com/blogs-and- advice/marketing-theories---the-marketing-mix---from-4-p-s-to-7-p-s> Whatismarketingplan.2019.[ONLINE]Availablethrough <https://venngage.com/blog/marketing-plan/>
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