Roles and Responsibilities of Marketing Function in Tesco
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This report discusses the key roles and responsibilities of the marketing function in Tesco, the relation between marketing functions and the wider organisational context, a comparison between Sainsbury and Tesco in the context of marketing mix, and a basic marketing plan for Tesco's organic shampoo.
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Contents Contents...........................................................................................................................................2 INTRODUCTION...........................................................................................................................1 MAIN BODY..................................................................................................................................1 TASK 1............................................................................................................................................1 The key roles and responsibilities of the marketing function:.....................................................1 Roles and responsibilities of marketing relates to the wider organisational context:..................3 Comparison between Sainsbury and Tesco in context to marketing mix:...................................4 A basic marketing plan for an organisation:................................................................................6 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................10
INTRODUCTION Marketing is all about the activities of an organisation for buying, advertising, promotion, distributing and selling its goods or services. It is process of attracting and retaining customer's towards firm's goods or services. Marketing helps in transfer, exchange and movement of goods or services, increase standard of living, generate employment opportunities, creates utility, satisfies customers needs etc. The company which is selected for this report is “Tesco”. It is a British multinational retailing company located in England, UK. The firm was founded in 1919 b y Jack Cohen. This report covers topic such as key roles and responsibilities of the marketing function,relationbetweenmarketingfunctionstothewiderorganisationalcontextand comparision of two brands in context to marketing mix. Apart from this report contains a basic marketing plan for an organisation. MAIN BODY TASK 1 The key roles and responsibilities of the marketing function: The marketing function is a important key in organisation to promoting the company and missionofit.Marketingfunctionsincludingpromotion,selling,marketinginformation management, pricing, financing, product management and distribution. Roles of marketing functions: Defining and managing the brand:It defines about the firm like what are the products of firm, their features and activities of the company. It attracts the customer's to buy firm's product. Tesco as retailer defines its information through marketing for attracting customers towards buying its product. Marketing or promotional functions creates brand image of the firm (Lasner, and et.al. 2020). Conducting campaign management:Marketing identifies the products or services of the firm to focus over the sales activities.This preparesadvertisementfor target customers so that it can attract and retain customers for buying firm's product. In context to Tesco, the marketing department of the firm presents ad campaigns for the firm in order to help its sales team. Producing marketing and promotional material:Firm's marketing department should creates all the information or materials that can describe about the goods or services. 1
Tesco's marketing team shows all data related to the products during marketing activities so that it can communicate customer's about its products. Conducting Customer and market research:Marketing helps firm to define target market and conduct research for the firm's operations. So that it can help firm to operates its activities according to market research. In Tesco, marketing team of the firm identify its target market and setting goal according to it so that the firm can easily achieve it. Management of demand:Marketers are professionals those plays vital role in influence and composition of demand. Market department work for to generate consumers demand and satisfy them according to it. In context to Tesco, the firm's marketing department search about the market and promote their products to fulfil customer’s needs as well as organisation's needs (Lippold, 2019). RESPONSIBILITIES: Listening to customers’ needs:To establish a marketing strategy, it’s necessary to understand about target market and clients needs. In marketing team it is important to receiving customers feedback. In Tesco, firm’s marketing department working towards customers needs, they research to the market then according to demand and needs of customers they produce a product so that they can satisfy them. Customers feedback is must for the firm’s operations and success. Track trends and monitor competition:It is important for organisation to understand the position of the firm and competition present in the market. For the success of the organisation, firm must know who are the competitors, and monitor current trends so that firm can complete its operations according to the current trend. In Tesco, marketing team analyse the current trends first, what customers want and monitor who is its competitors and they make their strategies for promote their products and fulfil consumers needs. Internal and external product development:The marketing department is work with development in new product and innovation in existing products. It analyse the sales of firms products and help in to identify the gap between products availability and demand in market. In context to Tesco, the firm works with its product, how can they innovate their products to gain target market. If their is more demand in the firm then firm produce products according to it. 2
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Sales team support:It supports sales team of organisation. Marketing department generates customers needs and promote their products into the target market and helps sales team to achieve its objective. Marketing department also prepares presentation for sales team and supplies them so that they can give to customers. Tesco’s marketing team works with to introduce its products into the market in innovative manner so that it will be easy for sales team to sale its products with that presentation that is given by marketing team. Roles and responsibilities of marketing relates to the wider organisational context: Relation of marketing department with production department:It is the department in which production related activities are handled, marketing department have to work properly with production department. There is need of adequate research and development for the product in the market, then after the need of product production department produce the product, which satisfy the customer needs, quality of the product also maintain by the department which is necessary for marketing and also produce the product on timely. Through this they can obtain competitive advantage for the firm. Their responsibility is also that they have to measure safety requirements and health issues. In Tesco marketing department is linked with production department very positive both market is coordinating with each other in a effective manner (Lippold, 2019). Relation of marketing department with HR:Human resource and marketing are interrelated. Performance of any organization is highly depended on performance of its employees. For marketing department to achieve its target there is requirement of skilled workers which is to be to be recruited and selected by department of human resource. In context to TESCO, when marketing department of firm needs increment in their workforce they communicate with HR department and then human resource department of business starts recruitment and selection by conducting aptitude tests, group discussions, and interview rounds for the purpose of selected best suited employees for marketing. Relation of marketing department with finance:In every organisation finance plays important role in the process of every company. Finance support marketing department with lots of charts and statistics which gives an idea to marketing department to how to perform effectively and what strategies they can formulate to increase their base in market. Like in the context of Tesco Firm, marketing departments needs capital to carry out their activities, so they contact to finance 3
department to provide them with required amount. Finance department helps in providing funds to different department and considered as backbone of Company. Relation of marketing department with sales:Sales is part of Marketing, they are two different business process. Marketing Department helps sales department with strategies and insight of consumer. In the context of Tesco Firm, marketing department is responsible for market strategy, brand building and generating advertising through various programs. Whereas sales is responsible for executing the strategy through direct contact with consumer and guiding the marketing department about scenario of consumer and market. Sales and marketing go hand- in-hand. Comparison between Sainsbury and Tesco in context to marketing mix: BasisTescoSainsbury's ProductIt refers to the finished product of the organization which they want to sell in the market. Tesco provide variety of product which are clothing, electronics and financial services. Their product line is expanding to different market anditalsooffergroceriesdelivery service, it offers all variety of product choice in its retail stores by which all needofcustomerisfulfil(Liu., Zhang-Zhang, and Ghauri, , 2020). Sainsbury's is also a chain of supermarketwhichprovide product over 30000 stores and expand their product line in it’s own label goods to customers. PriceItreferstothefinalpriceofthe finished product which is increasing or decreasing related to current market realities, it is main marketing mix to remain or survive in market. Tesco usecostadvantagestrategywhich meanprovidelowpriceproduct Sainsbury'susecompetitive pricingstrategyinUKasit provide product at lower price withmaintainingitsquality, theirbasicproductandkids product is available in low price related to its competitor. 4
withoutreducingthequalitywhich keep customer happy, by this strategy theybecomethemainsupermarket chaininBritianrelatedtoits competitor Sainsbury's, it also provide clubcardsystemsothatcustomer collectpointatpurchasewhichis covert into money at later stage. PlaceIt refers where product or service is sold, it is the location where customer easily purchase the product, there are different marketing methods in this are telemarketing,directsellingand through distributor. Tesco stores are wide in the world. They use channel of distribution for products and provide in online form also (Pförtsch,and Sponholz, 2019). Sainsbury's also use channelof distribution for its supply chain in regional and national centres , they also open cafe in many of its market to increase sales and customer gathering. PromotionIt refers to the way through which customerknowyourproductand servicethroughadvertising,sales promotion,strategiesandpersonal selling. Tesco focus on its low price whichincreaseitsbrandimage through advertisement, sponsor events related to charitable and also provide additionaldiscountandingrocery store they use “BUY ONE GET ONE FREE”promotionalstrategyto increase sales. Sainsbury's use sales promotion techniquesforpromotionof theirproductbyprovide incentive and also take part in CSR to build their brand image. They also promote their product their celebrity endorsement. 5
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Physical evidenceItreferstotheproofof thebrand which customer purchase is exist in real life or not it is done by website andlogo.Socialmediaexistence, brandsnameproduct.Tescoretail shops is easily availableand easily navigate, they also provide attractive offer to customer fortrust this brand and its website is also easy to operate. Sainsbury'siseasilynavigate and has different retail design according to needs of customer andalsoprovideexcellent quality baskets and shelves in supermarket by which consumer do shopping convenient. ProcessItreferstotheactionusedin delivering the product mean payment system,distributionandcustomer relationship.Tescoisverygoodin maintainbillingservicesandalso provide educated staff so there is no issuescreatetoanycustomer (Silchenko, and Askegaard, , 2020). Sainsbury'susedifferent payment system in every retail outlet and supermarket they also accept online transactionfrom debit card and credit cardand solve all issues of the customer. PeopleIt refers to the employees responsible forsellingtheproducttocustomer theyarewelltrained,responsibility related to their roles. Tesco main role is to well trained their employees and sales person, they use different types ofschemesforworkerwhichare “Save as you earn”, “Buy as you earn” to earn loyalty. Sainsbury'salsogiveproper trainingtotheiremployees regarding their roles so customer feel comfortable or satisfy with their services. In addition, the firm encourage and motivate its people. A basic marketing plan for an organisation: Marketing plan, it is set of overall business plan. Proper marketing strategy is helps mangers to achieve marketing goal. It is a kind of roadmap that help organisation to execute, monitor and control their marketing activities so that managers can track their 6
performance in order to achieve overall organisation’s objective. In Tesco, the firm’s marketing team is plan for its retail that is organic shampoo. Firm makes proper planning for execute it on target market and achieve customer base. Overview of the firm:Tesco trading as a multinational retailer base company headquarter situated in England, UK. It is a third largest retail base company across the world. It sales its products at supermarket, hypermarket, superstore and convenience shop. The product which is taking for this marketing plan is its organic shampoo. Mission: The firm want to sales its organic product into the target market and make customers loyal towards the brand. It wants to expand its market so that company can achieve its short term goal and gain maximum profit. Vision: Firm wants to become as market leader for its organic shampoo across the world. So that it can achieve more profit and brand image for the organisation. Smart objective: From its marketing plan firm wants to increase its sales by 10% in coming year (Trihatmoko, 2020). SWOT ANALYSIS: StrengthsWeaknesses It is a one of the largest retailer across the world, most profitable in supermarkets and has a power to compete its similar competitors. It has long standing history in UK and its credibility assures that it will be more successful organisation in the future. Ithasmorecompetitorsand competitive pressure have led to cut downitspricesanddecreaseits profit margin. The firm is more dependent for UK an d Europe for its sales that’s why it has not spent resources and money in development of other markets. OpportunitiesThreat It has opportunity that it comes with new product into the market and it canattractmoreconsumersin certain target markets. It has opportunity to grow at online platform by selling its products on Firm has a threat of labours, in terms of increasing wages that impacts its cost strategy. Raising in raw materials price will impactfirm’sprofitabilityand impacts on its supply chain. 7
onlinesitesaswellasitshome delivery services. Stakeholders and social environment will affect’s its cost basis. Marketing mix: It includes set of marketing tools that firm uses to gain its objectives. Marketing mix includes 4 ps such as product, place, price and promotion. Product: Product is the main element in marketing mix, it includes size, colour and other personalities of goods or services that company offers to sale. In this marketing plan the product is its Organic shampoo that firm planning to sale in its target market. Place: It refers the place of sale from manufacturing to its end users, where the product is move. Like in Tesco it sales its product into the hypermarket, supermarket, retailers and online platform. Price: It refers to the value of the product which company offers to sale in the market. Pricing strategy adopt by Tesco for this product is cost based strategy that helps firm to target its customers. Promotion:It refers to how firm present its product into the market. The activities used by firm to introduced its product into the market. Tesco used ad campaigns and presentations so that it can present its product into the target market in order to achieve firm’s goal and objective (Warnaby, 2019). STP STRATEGY: Segmentation:It refers to identifying the common traits between the people in the market which allows firm to develop marketing campaigns. In context to Tesco for its marketing strategy of organic shampoo it has to consider all elements such as age, gender, culture etc. Targeting:After the segmentation process firm has to decide who is its target market. Like in Tesco, for its organic shampoo firm’s target market is adults such as boys and girls both. Positioning:It will help firm in respond to unmet needs or wants in targeted market in order to fulfil that with firm’s products.In context to Tesco, firm used various ad techniques to present its products into the target market. Company creates an image into the customers mind so that it can retain them for its product. BUDGET: 8
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Advertisement exp.3000 Packaging2500 Wages10000 Transportation exp.2000 Warehouse exp.5000 Total22500 Monitoring:it is about to monitor all the activities according to the plan.It is about to measure it’s all activities regarding its organic product that operations should done in expected way so that firm can achieve its overall business goal in effective and efficient manner (Weller, 2019). Controlling:It helps in measuring the actions towards the organisation’s goal and improvement in performance. It is way to analyse the actual performance in order to expected performance. If activities are not performed in planned manner then organisation has to take corrective actions in order to achieve its goal efficiently. CONCLUSION From the above report it has been concluded that marketing is a activity to generate consumers needs and satisfy them. Marketing helps in promotion of firm’s products so that firm canachieveitstargetmarketanditsgoalineffectiveandefficientmanner.Marketing department of an organisation has some roles and responsibilities towards organisation and customers as well. It is related to the organisation’s other department operations such as finance, HR, production, sales etc. Marketing essentials involves marketing mix with it. Marketing mix plays key role in organisations functions; these are 7 p’s that give organisation to better competitive advantage. For the success of any business it is important to make better business or marketing plan so that it will help organisation to achieve its goals in expected manner. 9
REFERENCES Books and journals: Lasner, T. and et.al., 2020. Carp land: Economics of fish farms and the impact of region- marketinginthe Aischgrund (DEU) and BaryczValley(POL).Aquaculture.519. p.734731. Lippold, D., 2019. Marketing–StiefmutterallerbetrieblichenFunktionenim B2B-Sektor. InNeue Perspektivenfür das B2B-Marketing(pp. 1-5). Springer Gabler, Wiesbaden. Lippold,D.,2019.NeuePerspektivenfürdasB2B-Marketing: GeschäftsbeziehungenzwischenUnternehmeneffizientgestalten. Springer-Verlag. Liu, C.L.E., Zhang-Zhang, Y. and Ghauri, P.N., 2020. The influence of internet marketing capabilities on international market performance.International Marketing Review. Pätzmann, J.U. and Busch, A., 2019.Storytelling mitArchetypen: Video-Geschichtenfür das Content Marketing selbstentwickeln. Springer-Verlag. Pförtsch, W. and Sponholz, U., 2019. Das neue Marketing-Mindset.Springer Books. Silchenko, K. and Askegaard, S., 2020. Powered by healthism? Marketing discourses of food and health.European Journal of Marketing. Trihatmoko, R.A., 2020. Performance and Success of New Product Strategies in Market Competition: Business Buyer Behavior and Marketing Mix Series of Fast Moving Consumer Goods (FMCG).Calitatea. 21(176). pp.51-55. Warnaby, G., 2019. Of time and the city: curating urban fragments for the purposes of place marketing.Journal of Place Management and Development. Weller,R.,2019.GrundgedankendesPortfoliomanagementsimContent-Marketing. InPortfoliomanagementim Content Marketing(pp. 3-13). Springer Gabler, Wiesbaden. 10