Roles and Responsibilities of Marketing Function in Burberry
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This report discusses the various roles and responsibilities of marketing function in Burberry, a multinational retail organization. It also explores the roles of marketing in the market environment and its relation to the wider organizational context.
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MARKETING ESSENTIALS
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Contents Introduction.................................................................................................................................................3 Activity 1.....................................................................................................................................................3 Roles and responsibilities of marketing function.....................................................................................3 Roles of responsibilities of marketing in the context of market environment..........................................5 Roles and responsibilities of marketing relate to the wider organizational context..................................7 Activity 2...................................................................................................................................................10 Comparison of marketing mix of different organisations......................................................................10 Tactics applied by Burberry to achieve organisational goals and objectives.........................................17 Formulation of basic marketing plan for an organisation......................................................................17 Conclusion.................................................................................................................................................21 References.................................................................................................................................................22
Introduction Marketing in business refers to the process of attracting potential customers towards the products of an organisation by using techniques and tools such as advertisements, promotions, etc. In this modern world, business firms are facing stiff competition from their rivals due to attractive marketing techniques. Customers are essential for any business who purchases the products and services provided by the company. It is the prime duty of an organisation to retain their customers from going anywhere else. This report file is based on Burberry which is a retail organisationof UK providing huge range of fashionable products, fragrances, cosmetic items, clothing etc. to the customers in more than 51 countries. The company was founded in 1856 in the city of London, UK. This report will discuss the various roles and responsibilities of marketing function along with the roles which are performed by the marketing function in the marketing environment. This report will also discuss how marketing mix is applied indifferent organisations for the development of their strategies and plans. This report will also discuss a basic marketing plan in the end which will contain the strategies and plans for achieving the desired organisational goals. Activity 1 Roles and responsibilities of marketing function Burberry is a multinational company which is having a large number of operations or stores in more than 52 countries throughout the world. The company is surviving in the competitive global environment because of having different departments which are performing their roles and responsibilities for achieving the organisational goals and objectives. Marketing department is also an important department of Burberry who is contributing their maximum efforts for accomplishing the organisational goal of largest market share in the global retail market (Functions of marketing,2017). This department look out the marketing activities of the company for attracting the customers towards the products and services which are provided by the firm. This department plays an important role in improving the business performance and productivity. Through the marketing activities, this department is working continuously for improving the sales, profit, revenue and customer relationship etc. so that firm can survive for a long period of time in the market. There are various roles and responsibilities which are performed by the marketing department of Burberry which are discussed below:
Better customer relationship: Marketing department has the responsibility to maintain the loyalty and trust among the customers towards the company. The marketing department do this byusingpromotionaltechniquesthroughwhichtheycommunicatewithcustomersfor influencing their behaviour towards the products of organisation. The marketing department of Burberry is also using techniques such as engaging customers through quizzes and hashtags. Through this, customers keep in touch with the company which will strengthen the relationship between the company and its customers. This also enhances the satisfaction and loyalty among the customers due to which they keep interested in the products of the Burberry Social media handles: The marketing department is also responsible for managing and monitoring the company’s profile on the social media handles. Through this, the marketing department stay connected with their customers for providing the information regarding the offerings of the company so that sales and performance of the products can be enhanced. The marketing department of the Burberry is using various social media platforms such as Facebook, Instagram, and Twitter etc. for interacting with the customers regarding the products and services of the company. The marketing department also takes feedback and suggestions from the customers regarding the improvements in products in order to improve the customer satisfaction. Determining consumer and market trends:The market department also analyses the market conditions and information in order to determine the trends of customers and market. This is essential for the marketing department in order to convey the information to production department for producing products which can fulfil the needs and demand of the customers and market. It helps the company is achieving sustainability in the market place for a long period of time.ThemarketingdepartmentoftheBurberryisalsousingthemarketresearchfor determining the on-going changes in the mind-set of the customers so that the products can be provided accordingly based on the needs and demands. Preparing marketing budget: It is the responsibility of marketing department to prepare budget for carrying out the marketing activities. This is essential because availability of funds can prevent the future situations which can impact the marketing activities. The marketing department of the Burberry also prepares the budget for their marketing activities in order to achieve their desired organisational goals and objectives (Shaw, 2016). This budget is prepared on the analysis of past and future budget and their variation with the estimated results. This
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analysis is necessary for forecasting the future requirements of the marketing department so that they can perform their functions for improving the productivity of the company. Preparing strategic marketing plan: This plan is a document in which the desired strategies, products, strengths of the company, competitor analysis, etc. are mentioned. Effective marketing plan is necessary for the organisation in order to achieve the new heights in business and developing cost efficient strategies for survive in the long term. This plan is prepared by Burberry’s marketing department for determining the target and goals which must be achieved by the company in a predetermined period of time. Improving brand image: This is also performed by the marketing department by creating awareness among the customers regarding the products and services which are provided by their organisation to the customers. This is very important for business firms so that they can improve the brand image of the firm (Rossi, Allenby and McCulloch, 2012). The marketing department of Burberry is using the CSR activities, discounts and offers for enhancing the brand awareness which will also improve the brand image of the company in the competitive market place. This will also assist the firm in improving the growth rate and success for sustaining in the market place. The marketing department of the Burberry is efficiently performing their roles and responsibilities so that they can provide their contribution in the development and growth of the organisation in an effective manner. The marketing department in Burberry is working 24*7 so that they can maintain the trust and loyalty of their customers towards the offerings of the company for achieving higher customer satisfaction (Pike, 2015). However, the department fails to use the updated software and tools in their working due to which they are not performing well at the workplace. This is highly essential for the management to provide updated tools and software to the marketing department so that they efficiency can be improved. Roles of responsibilities of marketing in the context of market environment Marketing environment consist of various elements which are highly useful for the marketing department of the Burberry such as pricing, promotion, distribution etc. for planning and developing strategies (Papasolomou and Melanthiou, 2012). By using the concept of marketing environment, Burberry can retain their focused customers for a long period of time as these elements are considered in decision making for providing the products. The marketing department plays various roles in the marketing environment. Some of these roles are as follows:
Developing marketingplans/strategies:The main aim of marketing department is the development of strategies and plans for the marketing activities. These strategies are required for determining the potential trends, needs and demands of the customers etc. By determining these factors, the company can provide its products accordingly (Nguyen and Simkin, 2012). For this, the marketing department of Burberry is using the social media for understanding their mind-set so that the products can be provided accordingly. The company is maintaining the balance between the organisational goals and market opportunities so that market share can be enhanced. But social media also has fake profiles due to which they could not bring effective results to the organisation as their ideas are not based on the product usage but rather on word of mouth. Using marketing information system:MIS is a useful tool for getting the insights regarding the products, strategies, performance of employees, distribution etc. to the marketing department based on which the marketing department takes their decision (Malhotra,Birksand Wills, 2013). The marketing department of Burberry is also using the Marketing information system for staying update with the activities of organisation. For example: Marketing department uses MIS when they have to track the status of their logistics which is shown in MIS on a real time basis. However MIS also has several limitations because it works on GPS location which can sometimes shows wrong location which can leads to the late execution of assigned task. Monitoring of market:The marketing department in an organisation needs to monitor the market for determining the trend and changes in marketing environment. This is essential becauseit helps marketing department in determining the new development which can improve the position of the company. These new development includes market trends, social factors, political and economic fluctuations etc.Marketing department of Burberry is keeping an eye on the market so that any possible opportunity can be grabbed by the company for improving the sales and profit.But for monitoring the market, company has to conduct market research which is a cost and time consuming process and can be proved expensive for the Burberry. Marketing research:Market research is conducted by the business organisations in order to determine the trends and changes which are going on in the market due to the advancement in technology and standard of living. The market research is also useful for determining the future performance based on the past and present performance (Lamb, Hair and McDaniel, 2011). Marketing department of Burberry is conducting market research by themselves which is essential for them as their effectiveness depends upon the trends and requirements of the market.
For example, Theincreasing demand of organic beauty cream due to the health benefits is grabbed by the company and Burberry launched their own organic beauty cream for improving their sales as well as to meet the expectations of the world. But as discussed earlier, the major drawback of this is that it is time and cost consuming due to which company may face problems. Improving brand image:Marketing department is mainly performing its operations for building the brand image of the organisation in the marketplace.The brand image plays a major role in attracting the customers. Burberry is a global company having operations in more than 51 countries due to which company has a good image in the global market. However, the marketing department of the Burberry is working hard for improving the brand image of the firm in order to achieve competitive advantage over the competitors such as H&M, ZARA, etc. For this, the marketing department is using advertisement on the social media, internet, etc. Roles and responsibilities of marketing relate to the wider organizational context Burberry is a huge multinational firm who is operating in more than 51 countries. In order to survive in the highly competitive business environment, various departments of the Burberry are providing their maximum possible efforts in performing their work (Kennedy and Parsons, 2014). These departments are the backbone of the Burberry which is responsible for the huge success of the firm. These other departments need assistance from the marketing department in order to effectively provide their contribution in the success of the firm. These departments should coordinate with marketing department in proper manner so that the company can sustain in the market. This interrelation of marketing department with other departments is discussed below: Marketing department and Human Resource department: Human resource department is the backbone of company who provides workers to the different organisational functions. The marketing department publish the job positions on the different platforms for attracting the candidates (Katengeza, Okello and Jambo, 2011). The HR department and Marketing department of Burberry are working together so that talented and skilled employees can be recruited. These candidates perform their work with efficiency for achieving the organisational goals in proper manner. Marketing department and Sales department: Selling is the most important activity of an organisation. The organisations need to do proper planning regarding the sales in order to achieve high number of sales (Jones and Rowley, 2011). Marketing department analyses
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the various options in the marketplace for selling the products and services. Marketing department of the Burberry is providing the accurate information regarding the suitable for marketing the products. The company can cover more market share by using the updated tools provided by the marketing department. Marketing department also analyses the market regarding the demand and supply in order to predict the non-availability of the products. MarketingdepartmentandProductiondepartment:Productiondepartmentofan organisationisresponsibleformanufacturingtheproducts.Marketingdepartment analyses the market trends and taste of preferences. Whereas by using the help from marketing department, Production department can manufacture the products according to the demand and taste of their customers (Hsu, 2011). These both departments of Burberry are working together for manufacturing quality based products which can satisfy the expectations of customers. These satisfied customers will purchase the products of firm again which will also improve the relationship and brand image of company. Marketing department and Finance department: Finance department monitor the cash and other monetary expenses of firm. It is very essential for finance department to control the expenses of firm as these can directly affect the profitability of business. These funds can be raised through various methods. Marketing department determines the suitable optioninordertogetthebestreturnsandprovidetheoptiontofinance department.Burberry’s both departments are supporting each other in performing their roles. For example: Marketing department needs money for purchasing the promotional tools which is provided by the finance department and finance department needs funds for ensuring smooth flow of business operations whose details are provided by marketing department. The marketing department also estimates the future costs which can occur to business by using analytical tools such as Google analytics, surveys etc. Significance of marketing function in relation to other departments Marketing department is the major function of an organisation which provides support to the other departments of the organisation. These departments such as HR, sales, finance and marketing should perform the work by coordinating with each other. By using the coordination they can perform their business function properly. For example: By using the help from marketing department, production department can manufacture the quality based products which
can satisfy the needs of customers(Fırat, 2013). By using the help from marketing department, finance department can gather the required amount of funds which can be used for the business functions. Also HR department can recruit the talented and skilled candidates from a pool of applicants which are attracted through the advertisements done by marketing team. These all other departments of an organisation needs to coordinate with marketing department in order to deliver the products which can meet the expectations of the customers. The firm can gain high sales and profit if customers are satisfied with the provided products. The company can achieve sustainability in the market if the customers are happy with the provided products of the company. Elements of marketing function Marketinginvolvesvariousactivitiessuchasproductdesign,pricing,strategies, advertising and others (Desai, 2013). However these activities are come in between the process of marketing. There are some elements of marketing function which are discussed as follows: Research: It is very essential for the marketing department to gather the important information of outside environment which is essential for developing and marketing products (Dibb and Simkin, 2013). Market research will assist the Burberry in determining the suitable work practices which can be used by the company. However, challenge is that the business environment is dynamic in nature due to which it keeps on changing. The Burberry can set up an division which will perform the work of conducting market research. Strategy: The data collected from the market research is evaluated on the basis of strategies as well as opportunity. After the evaluation, strategies are developed for the marketing activities.The main challenge in this is that the new strategies could not be aligned with the previous strategies which can impact the business in achieving its goals. Planning: After the development of strategies, Burberry needs to develop a plan for implementingthestrategies.Thisplanningconsistoffinancialplanning,salesforecast, distribution as well as communication (Daniel, 2011). The major challenge is that the long-term planning in a dynamic environment can be proved risky and so the Burberry needs to stay focused on homogeneous aspects during the run. These 3 elements are very crucial for any marketing department in order to get effective results and success in their work. The marketing department needs to consider these elements while performing the business operations so that success of the company can be ensured.
Activity 2 Comparison of marketing mix of different organisations Marketing mixis the suitable course of action which is taken by the organisation for promoting its products and services in the market. Marketing mix consist of seven elements such asproduct, price, place, promotion, people, process and physical evidence (Marketing Mix.2017). Through this process, company can stay updated regarding the relevant changes which must be done in the products, or operations of the company for achieving a higher competitive edge in the market. Burberry can also use the Marketing mix for determining its position in the market. Fir this, Burberry needs to compare its marketing mix with the competitors in order to determine the variations which should be eliminated.Christian Dioris Europe based organisation engaging in the same sector as Burberry and giving tough competition to the Burberry in the market. The comparison of marketing mix for both of the organisation is as follows:
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Figure1: Marketing mix ElementsBurberryChristian Dior ProductBurberryisamultinational company having a broad range of fashion products which are fashionableaswellas luxurious.Theseproducts include accessories. Clothing, cosmetics,fragrancesand manymore.Theproducts providedbytheorganisation Christian Dior is a UK based firm having a wide range of productstoosuchasleather goods,fashionaccessories, timepieces,fragrances,skin care products and many more. The company is also providing theproductsbasedonthe demographicssuchasMiss
are of high quality as well as ofuniquedesigns.The products of the Burberry are manufacturedbyusing exquisite materials which can staygoodforalongtime period.Forexample,Tartan Patternisauniquedesign whichisdevelopedbythe foundersofthecompany whichisattractingalarge number of customers towards the offerings of the company intheglobalcompetitive market. Dior and Poison are the most popular fragrances among the peoplewhichisforwomen and Sauvage, Jules and Higher cater are some products which are popular among the people but are meant for Men only. PriceTheproductswhichare provided by the Burberry are belongsto the premiumand luxuriousrangeasthe companyistargetinghigh class and above middle class people who can purchase the productsofthecompany without any problem or worry offinanceandeconomical condition(ClowandJames, 2013).Thepricesofthe Burberryproductsarehigh alsobecauseofthequality basedproductswhichare manufacturedfromquality Thepricesoftheproducts provided by the Dior are high becausethecompanyis targeting high-class and high income group. This is because suchpeopledonot compromise with quality. The company is adopting premium pricing policy for providing its products to the customers. This is because the company wants to build good relationship with theircustomerswhichare based on trust.
basedrawmaterials.The company prefers quality over the quantity due to which the company is focused on quality of the products not on prices. PlaceBurberry has more than 500 stores and outlets in around 51 countries.Theseoutletsor stores of the company provide the products to the customers throughouttheworld.The companyisalsoproviding theirproductsthroughthe global franchises and branded stores along with third party dealers. By coordinating with these franchises, third parties etc. company can ensure that the products of the company areavailabletothepeople throughout the world. Also the companycanprovidesits productsinaneffective mannerastheproductsare reachingtothecustomers easily. The products of the Dior are availableforthecustomers throughout their more than 210 locationsaroundtheworld. Thefranchisestoresofthe companyarelocatedat popularplacessuchasNew York, London, Tokyo, Beijing and Paris etc. The company Is followingdirectselling methodforsellingtheir products from their own stores. Thecompanyhasagood franchisee network in which a large number of workers are providing effective services to the customers by using their strong skills and knowledge. PromotionBurberry is a global brand who isheavilyspendingonthe promotions of their products. Thecompanyisusingthe Dior believes in the ideology of maintain relations based on trustandrelationship.The companyisusingreward
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high-classmagazinesfor placing the advertisements in which the advertisements are seenbyalargenumberof people. Also the company is usingdigitalmediafor launching and promoting their productsandservicesinthe market. Presently the company has added “Romeo Beckham” intheirFestivecampaign which can generate high sales and revenue which will also improve the profitability of the company. systemforpromotingtheir products.Thecompanyis rewardingtheirloyal customers by providing them rewards on multiple purchases inordertoenhancetheir loyaltyandtrust.Alsothe celebrities such as Ziyi Zhang, Blake Lively and Madonna are promoting the products of Dior inthemarketplace(Cabrera andWilliams2014).The companyisusingtext messagesandemail advertisementsforproviding latest news to their customers regardingtheproducts, company,promotional coupons etc. PeopleThe employees working at the Burberry stores and business operations are very efficient in theirworkingduetohaving suitableskillsandqualities which enables them to perform the hard work. Burberry is also providingtrainingand developmentsessionstothe workforce in order to improve their skills and capabilities for improvingtheperformance TheemployeesofDiorare possessed with skills such as communication, technical, etc. due to which they are working with the required efficiency in order to achieve their goals in aneffectivemanner.The companyalsoprovidethe traininganddevelopment sessions to them for improving their personal skills for further developmentintheirfuture
andefficiencytoo(Brady, 2014).Burberryistraining theiremployeesthrough persuasive techniques so that suitableskillscanbe developedamongthemfor treating their customers in an effectivemanner.For example:Theworkersof Burberrystoresarevery helpful in nature due to which theyalsosuggestthe customerswhattobuy according to their needs. This assists the customers in taking theproperdecisionfor purchasing the products of the company. career. The company is also usingthesocialmedia platformsforattracting potentialcandidatestowards thevacantpositioninthe company.Thesetalented employeesareproviding effectivesolutiontothe customersregardingtheir problemsandpurchasing decisionforenhancingthe customer satisfaction. ProcessBurberry’s processes are very efficient and effective as the company has installed updated machinery and equipments in the business functions in order toensuretheconsistencyin operations. These systems also helptheretailersin determiningthesuitable amount of inventory which is present in the stores in present time. This is developed for the ease of customers so that they The products of the Dior are manufacturedbyusingthe updatedtechnologyand machinery so that good quality products can be manufactured. Thecompanyhasselected chainofdistributorswho providestheproductstothe storesofcompany.The companyisalsousingthe techniques such as TQM, six sigma etc. for eliminating the waste as well as to enhance the
willgettheproductsof Burberry on right time. These processesincludeInventory management,distribution networketc.whichfacilitate customersingettingthe products at right time as well asfacilitatethecompanyin delivering the products to the customersatrighttime. Company is also using online platformfordeliveringthe products to a large number of customers in proper manner. productivity and profitability. Physical evidenceBurberryissellingtheir products in a different colour packagingwhichallows customerstoidentifythe productseasily.Alsothisis essential for differentiating the products of the Burberry from the competitor’s products. The company also has a website at where the customers can see theproductsofcompany through the HD and attractive pictures.Thestoresofthe Burberry are also fragranced, airy,spaciousandproper ambience. Also the lighting of thestoresalsoattractsthe The products of the Dior are packed as per the brand image. Thecompanyisusing attractivelogofor distinguishing their brand from theircompetitor’sproducts. Also the company is using the designedandfashionable bottlesforsellingtheir perfume products so that they can attract more customers in order to improve the sales and profitofthecompany.The products are manufactured in a cleanandhygienic environmentforkeepingthe
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customers.products from being damaged. Tactics applied by Burberry to achieve organisational goals and objectives Burberry isa global company who is operating its business operations in more than 51 countries and also havingstrong presence in marketdue to which they implement different strategies for accomplishing the desired goals and objectives (Berkowitz,2016). These strategies include market segmentation for determining the market which can easily purchase the products of the company. The market segmentation process is initiated by determining the market which can purchase the offerings of Burberry for example: Youth are suffering from skin problem due to the pollution and as a result, company is targeting youth for their new suns cream Determining the needs and demand of their customers for developing the products accordingly. Determining suitable positioning strategieswhich should be developed and implemented in the company. Determining the customers through feedback and evaluationprocess from the selected market segment. Formulation of basic marketing plan for an organisation Marketing plans are integrated plans of overallbusiness plans. For upcoming year marketing and advertising activities which are chosen by managers are given in the marketing plan because it will support them like a blue print for performing their activities. Overview of company: Burberry is chosen organisation for this project which is providing its services in fashion industry. Main products of company are fashion accessories, clothes, fragrances etc. headquarter of firm are located in United Kingdom. Brand image of company is also good in market place because firm is mainly focusing on innovative ideas so as to improving their business operations and functions. The company has operations in all over the world due to which the customer base of the company is high. The company has efficient marketing department which is contributing its maximum efforts in accomplishing the desired organisational goals and objectives.The company is also focusing on satisfying the needs and wants of their customers by providing their products accordingly so that the firm can meet their expectations too (Brooksand Simkin,2012).
In order to gaining better satisfaction from customers, company have decided to introduce new product like organic suns cream. Main reason behind developing this kind of product is to fulfil the needs and wants of those customers who are more concerned regarding their skin and its issues. As a result of it, customers are mainly shifting towards organic and herbal products. New product is mainly developed for fulfilling needs of those customers who belongs from middle and high income class group because they can easily purchase products. Marketing objectives for new business plan Wheneverorganisationintroducesanykindofproductintothemarketplacesome objectives should be prepared by the organisation so as to making good image in front of their customers. In the reference with Burberry, main objective of firm for introducing organic Sun scream in market are given as below: Specific:Specific Aim of Burberry is to achieving high customer base for gaining sustainability in competitive market. Measurable:Around 15% increment in present customer base is targeted by the managers. Achievable:For achieving these targets in effective manner company should providing effective training programmes to their marketing team so that desired contribution can be gained by them. Relevancy:It provides supports to the managers of Burberry in gaining strong market position among their rivals. Time Bound:For achieving these target company have decided 6 month of time period from launching of new product in market. STP for business Segmentation:It can be defined as the segmentation of market on the basis of taste and preferences. For e.g. segmented population between male and female on the basis of their consumption.AsBurberryhavedecidedtolaunchorganicSunscreamduetowhich demographic segmentation is preferred by the managers. In which they have targeted their main customers female who are using more cosmetic products(Bačík, Štefko and Gburová, 2014). Other segmentation can be done in psychological market in which they have targeted those customers who wants to get quality products at affordable prices. Therefore, these two market segmentations are mainly targeted by Burberry for achieving high sustainability in market in a less time period.
Targeting:It is the process in which management have to select one specific group of customers from entire population. Company introduces Organic Sun scream thus management have to target youngsters as they prefer to those products which are skin sensitive and less risky for skin. Positioning:It is the last step of this model in which Burberry should create an unique image in the mind-set of customers that can be done by introducing new organic Sun scream in market (Ahrens,2011). As Burberry is operating its business functions at large level where the competition are very high in market then it is very important for them to making good position of firm in market. For this, they should promote their products along with true and fair information. Marketing mix of the business plan: Marketing mix is a technique that is very useful for evaluating market situations before launching new product into the market. Marketing Mix for Organic Sun Scream is given as below:
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Product Organic Sun Scream is introduced by Burberry intomarketwhichconsistsofhealthy ingredientsanhavingpositiveinfluenceon skin of customers. Various testing has been done for launching the product which proves beneficial results for the customers towards their skin by using it on regular basis. Place Products will be mainly introduced in various cities of UK nation like Bristol, Westminster, Edinburghetc.wherethedemandofSun scream are very high. Onlineplatformhasbeendecidedfor supplyingtheproductstothemaximum number of customers. Price Priceskimmingstrategiesaredecidedfor launchingthenewproduct.Inwhich management have decided to deliver it at lower prices. Organic Sun Scream is affordable by middle andhigherincomegroupbecausetheyare main targeted customers in market. Promotion Social media platforms, Discounting schemes, advertisement on radio are chosen as the main priority because they are less expensive and more effective. Process The company is using effective and updated technology and methods such as TQM, Lean manufacturing etc. for enhancing the efficiency of products and profit of the company. People The company needs talented employees having sufficient knowledge regarding the pollution so that the manufacturing process can develop the products in proper manner. Physical evidence The physical ambience of the new suns cream is little light with white colour which depicts the sun and white cream. These colours also attract the customers most as they are light colours. Implementation plan for the promotional launch:
There are several promotional activities which can be used by the management of Burberryforinfluencingtheinterestandbuyingbehaviouroftargetedcustomers.Such promotional tools are consisting of social media platforms and campaigns etc. Other expensive promotional activities include advertising on TV, Celebrity Endorsement etc. that can hugely impact the purchasing behaviour of customers (Silver and et.al., 2012). For this budget should be also prepared that is rough estimation of amount based on activities carried out under marketing plan. It will provide obligations upon the managers to spend funds in utilised manner. Here are budget prepared by budget for launching new organic Sun scream are given as below: ParticularsAmount(£) Advertising on TV (10%)20000 In social Media Platforms (25%)50000 On newspapers (10%)20000 Sales Promotion- (30%)60000 Conclusion It has been concluded from the above discussed project report that marketing is the essential elementofanorganisationwhichdrivesthecompanytowardsthedesiredgrowthand development. The companies can achieve good position and share in the market along with the loyalty of customers when having an efficient marketing department. Marketing department has several roles and responsibilities which should be effectively performed by them. With the help from marketing department, other departments of the company can achieve their business goals and objectives in effective manner. Marketing plan is useful for the marketing department for carrying out the marketing activities in proper manner.
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