Roles and Responsibilities of Marketing Function in Cadbury
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This assignment discusses the key roles and responsibilities of the marketing function in Cadbury, the interrelationships between marketing and other functional units, and the application of marketing mix in the marketing planning process.
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MARKETING ESSENTIALS 1
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TABLE OF CONTENTS TABLE OF CONTENTS..................................................................................................................2 INTRODUCTION..........................................................................................................................3 LO1.............................................................................................................................................4 THE KEY ROLES AND RESPONSIBILITIES OF MARKETING FUNCTION OF CADBURY...............4 ROLES AND RESPONSIBILITIES OF MARKETING FUNCTION IN THE MARKETING ENVIRONMENT OF CADBURY................................................................................................6 ROLES AND RESPONSIBILITIES OF MARKETING FUNCTION RELEVANT TO CADBURY...........7 THE SIGNIFICANT ANALYSIS OF INTERRELATIONSHIPS BETWEEN MARKETING AND OTHER FUNCTIONAL UNITS OF CADBURY.........................................................................................8 MARKETING MIX APPLICATION IN THE MARKETING PLANNING PROCESS.........................10 EVALUATION OF DIFFERENT TACTICS THAT CADBURY USES TO ACHIEVE THE DEFINED OBJECTIVES..........................................................................................................................13 TASK 3......................................................................................................................................15 P4 MARKETING PLANS OF CADBURY...................................................................................15 M4 MARKETING PLAN ADOPTED BY CADBURY...................................................................15 CONCLUSION............................................................................................................................27 REFERENCES.............................................................................................................................28 2
INTRODUCTION This assignment consists of the concepts and values of marketing whichare relevant in “Cadbury”.To apply marketing concept, requires to analyses and examines marketing function, interrelationship of every department of an organization are being discussed.All these insights related to interrelationship will be helpful in achieving the objectives of Cadbury. In the next context, the application of 7P's of the marketing mix is being carried out at Cadbury and its competitor organization. At last, a marketing plan will be emerged to attain the objectives of marketing in Cadbury (Loutskina et al., 2017). Cadburyis a multinational confectionery industry andestablished in 1824 by John Cadbury. Its headquarteris in Uxbridge, West London, UK. It is the producer of chocolates. The operation of Cadbury is carried out in 60 countries all over the world (Commander, 2018). 3
TASK 1 INTRODUCTION As a marketing manager of Cadbury, this report includes the findings of roles and responsibilitiesthatapplytoCadbury’smarketingfunctionandtheinterrelationship between the functional departments. The marketing function plays an essential role Cadbury and also interrelates with the other functional departments which are further evaluated and analyzed on the basis of marketing function of Cadbury. BODY THE KEY ROLES AND RESPONSIBILITIES OF MARKETING FUNCTION OF CADBURY As marketing is very much essential in every business organization, the role of it is inseparable from the organization and it helps to achieve the desired objectives. Marketing function involves in various roles and responsibilities that carries out the activities like production, promotion and delivering the end products to the consumers effectively (Bailey and Alexander, 2017). The key (primary) roles and responsibilities of the marketing function in Cadbury are as follows: Cadbury organizes planning and apply the comprehensive campaigns so that it increases direct marketing, online promoting, email marketing, to capture the worldwide customer. It is a primary role of marketing in Cadbury. Cadbury also consider top manage the advertisement concern and for managing the organization's product sales along with customer relationship management activities (Bailey and Alexander, 2017). it is main responsibility of marketing function which conduct in company. Delivering services to the customers so as to meet the expectations of the customer is also the primary role at Cadbury. It also involves maintaining the hygiene at the store to maintain the standard policy so that pleasurable shopping environment is generated (Bailey and Alexander, 2017). It is also to be witnessed that sufficient stock of a variety of products is available at the required time at the right place so as to meet the customer demand. 4
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The marketing function also involves the role to conduct events i.e. club cards, customerloyaltyprogrametc.forofferingidentificationofemployeeswhich improves purchasing behavior of customers (Bailey and Alexander, 2017). To follow up the company’s code of conduct to maintain the values and ethics that's main responsibility of marketing function with in company. To treat every employee, staff and colleagues with dignity and respect so as to maintain the dedication from the marketing group of employees is also covered under the responsibility of marketing function of Cadbury (Bailey and Alexander, 2017). Targeting is also one of the important function of marketing which supports Cadbury to target their products which influence brand value in global market. Marketing also plays vital role in marketing mix strategy. For example marketing analyses customers requirements and their preferences for the products and their services. Based on the customer analysis Cadbury creates marketing mix strategy for giving positioning of products. While marketing implements strategy by taking in action. Thus, marketing perform essential role in company. Marketing improve brand value by offering values to customers. To give value of customers marketer meets their objectives and establishes good relation with them. Marketer aware Cadbury about competitors and brand position and helps company to take competitive advantage. Thus, marketing improves brand positioning in global market. Marketing function plays essential role in the 7p's marketing mix because it creates strategy to influence Cadbury products and enhances purchasing behavior of the customer. Thus marketing function helps Cadbury to influence brand awareness in customers. All the above-mentioned roles and responsibilities of marketing function result in achieving the objectives of the company and also ensure that the work ethics and values are maintained so that both; customers and employees are satisfied. 5
ROLESANDRESPONSIBILITIESOFMARKETINGFUNCTIONINTHE MARKETING ENVIRONMENT OF CADBURY The procedure of despising and implementation of the various ideas of marketing like pricing, distributing, advertising, sales and so on in context to the marketing environment that is explained as follows: The primary role of marketing at Cadbury is to interpret the marketing strategies to be developed which helps in recognizing the customer needs and requirements and to meet all such needs effectively. Nowadays, the increase in demand of the customer has made the marketing department alert in fulfilling the needs by providing effective products and services and maintaining the balance between the objectives and opportunities in the market (McDonald and Wilson, 2016). Marketing helps Cadbury to differentiate brand from other competitors to use marketing mix strategy. Apart from this, the role of marketing function also involves the information system of marketing that collects necessary information with respect to planning, executing, and controlling the key strategies for product planning. The marketing information system of Cadbury helps in interpreting the logistics information that helps in increasing the channel of distribution (McDonald and Wilson, 2016). For identification of the new products and to get the positive responses for that particular products and services of Cadbury, to survive in the marketing environment, the marketing function plays an essential role. The internal environment of the marketing function of Cadbury is also affected by the externalenvironment.Externalenvironmentalfactorsarepoliticalfactors,economic factors, sociocultural factors, technological factors and legal factors. In the past of globalization, market segmentation plays a crucial role, as the dynamic nature of the market, the market segmentation helps Cadbury in identifying the customers, their needs and to meet such needs and requirements, promotional activities are required to be carried(McDonald and Wilson, 2016).Even market segmentation helps organization to retain potential customer in targeted market which generates high revenue for the Cadbury. STP strategy (Segmentation, targeting and positioning) supports organization to segmented customers. By the helps of targeting strategy, Cadbury focuses on targeted customers. 6
While positioning strategy assists company to differentiate brand from others. Thus marketing plays essential role in the company. ROLES AND RESPONSIBILITIES OF MARKETING FUNCTION RELEVANT TO CADBURY Strategy management involves the marketing function, finance department, research and development team, human resource department, etc. All these functions are interrelated with each other in every organization including Cadbury (Esendemirli et al., 2015). The link between the marketing function and other departments are discussed as follows: INTERRELATION BETWEEN MARKETING FUNCTION AND FINANCE DEPARTMENT: Economics is the most basic requirement of any department in the organization. The marketing function relates to the finance department as whenever the activities relating to marketing are required to be planned and implemented, the marketing function of Cadbury will require funds. To carry out the promotional activities to increase the customer base all over the world, funds are important. For this, finance departmentprovide budget to the marketing function (Esendemirli et al., 2015). MARKETING FUNCTION IN RELATION WITH THE PRODUCTION TEAM: Production department helps marketing function to meet customer requirement and needs. Marketing function involves in market research which is primary role of marketing where identify customers needs and expectation for the product ad their services and aware to production team. On the other hand production team improves their product quality by adding different flavours in confectionery products and improves product features. Thus, both production team and marketing function collaborates together and helps organization to build brand position in market (Esendemirli et al., 2015). MARKETING FUNCTION IN RELATION WITH THE HUMAN RESOURCE DEPARTMENT: As there is increasing demand and supply of the innovative products of Cadbury during the seasonal occasion, there is a high requirement of human resource in the production department and marketing department. This will help in meeting the daily marketing trends effectively and efficiently (Esendemirli et al., 2015). MARKETING FUNCTION IN RELATION WITH THE RESEARCH AND DEVELOPMENT: Research and development department helps in the market survey as to what are the requirements of the customers and what are the recent trends going on in the market. This 7
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department helps to capture the opportunities to sustain in the market by collecting information through market research and then applies the strategies in such a manner which directly gives the advantage to the marketing function (Esendemirli et al., 2015). THESIGNIFICANTANALYSISOFINTERRELATIONSHIPSBETWEEN MARKETING AND OTHER FUNCTIONAL UNITS OF CADBURY Asthereisalwaystheinterrelationshipbetweenmarketingfunctionandfinance department at Cadbury, the activities related to promotion, advertisement, distribution and sales can be carried out easily. Not only this, but it also enhances the sales and will lead to generating revenue with the effective cost reduction (Sorianoet al., 2018).Finance department supports marketer to give fix budget for conducting marketing functions activities. Thus, finance department reduces liabilities of extra curriculum which marketer wants to spend more amount to keep product positioning in business market. Both marketing functions and financial department works together and assist Cadbury to accomplish goal within time.The interrelationship between the marketing function and production department, ensures the advantage in the market competition to the products of Cadbury, as the production department produce as per the requirements of the customers in the market and will also improve the quality and designs to attract more and more customers.Thus, both marketing functions and production team works together and maintains products positioning in global market. At Cadbury, the human resource department also links with the marketing function as to meet the increasing demand of the products in the market, especially during the festive season, the confectionery products are highly in demand, this leads to the recruitment of labours, and also training and development programme is organized at the workplace as to increase efficiency of the job performance (Sorianoet al., 2018).Even HRM department implements various decision which helps labour to work in right direction as leads success in company over the time.STP and marketing mix strategy conducts by HR to help marketing function for improving brand positioning in market. Thus, HR and marketing function interrelation plays significant role in organization. Research department is also the important department that helps in enhancing the marketing and sales at Cadbury with the help of surveying the market. Marketeraware 8
about customers needs, requirement and preferences to R&D department where they give feature in product or introduces new products. Marketing function creates strategy and takes in action as result Cadbury enable to generate high revenue in business market. CONCLUSION Therefore, it can be summarised that at Cadbury, the marketing function is an essential department that follows its roles and responsibilities accordingly and also maintains the interrelationships with the other departments, which helps in achieving the target and to meet the goals of the Cadbury. The interrelationship with the other functional unit helps the marketing function to enhance its productivity and generate the revenue from sales with the help of finance, research, production and human resource and attains the defined objectives of Cadbury (Sorianoet al., 2018). 9
TASK 2 INTRODUCTION The next step in this report describes about marketing mix and their application in the procedure of marketing planning of Cadbury and its competitor Nestle and the comparison is made between the same to achieve the business objectives at Cadbury (Bharucha, 2016). MARKETING MIX APPLICATION IN THE MARKETING PLANNING PROCESS There are various competitors of Cadbury, but Nestle is one the competing company, that is selling similar products with enormous product differentiations. Nestle, is the Switzerland based company, founded in 1866 by Henri Nestle, and produces and sells confectionery products internationally (Bharucha, 2016). This comparison is made on the two confectionery products manufacturing companies running in the monopolistic market to achieve the desired objectives by using the 7Ps of the marketing mix in their planning process. PRODUCT Cadbury always try to differentiate product from other products that improves customer excitement.Organizationofferswidevarieties'productsi.e.Cadburygoldenbiscuit, Cadbury chocolate, Cadbury bubbly white chocolate, Crunchies etc. for giving value to each type of customers like man, women and children. Organization offers seven type flavour in their products which differentiate each product from other Cadbury products. Varieties alongwithflavourinfluencesbrandpositioningincompetitionmarket.Therefore, organization consider as leading company across the world. Nestle also a famous company which offers wide variety products apart from confectionery products. Nestle specially offers food products i.e. coffee, drinks, Frozen foods and packed milk, Nestle cereals, chocolate and confectionery products etc. apart from these items, Nestle offers Maggie which gives significant position in the global market(JAIN, 2017). PRICE It is important strategy which plays remarkable role in the organization. Cadbury uses seasonal price strategies which supports organization to generate net income and covers large number of products. To influence product demand always improves product quality and target those customers who want that products which gives positive impact on their health in any cost. Continuous improvement of product quality influences' price of the 10
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products but company keeps different prices of chocolate products on the basis of quantity. Thus, organization improves purchasing behaviour of customers within market. Nestle also adapts different product price strategy which helps organization to influence brand image in global market.Organization mainly focuses on customers choices and improves product quality which directly influence price of products. In festival season, organization offers wide variety products on attractive prices. Generally organization offers confectionery products which is quite more expensive rather than other competitors companies (JAIN, 2017). PLACE Cadbury is having a worldwide presence with a huge distribution channel. Organization is multinationalcompany which offers services to customers through various distributors. Distributors channels are offline selling, online selling, dual distribution and reverse channel. It is strongly available in more than 200 countries of the world without getting a deficiency in its availability of the products. Nestle offers worldwide services to customers and operates in 189 cvonu7tries around the world.Organization uses efficient distribution channel such as C& F agent of the company which helps organization to distribute products from manufacturing department to super stockiest.Thus, organization retails their products to customers and make them satisfy (JAIN, 2017). PROMOTION For promotion,Cadbury uses two types of marketing; ATL (Above The Line) and BTL (Below The Line).Due to this, Cadbury is having a huge brand name with a huge demand in the domestic as well overseas market. To promote products,Nestle applies campaign strategywhich has goal to assure customers about product quality. Even organization claims 100% guarantee of products through the policies which attracts customers for buying confectionery products(Abdul-Hamid, and et.al., 2017).Organization uses online promotion strategy which supports organization to cover large number of customers within time (JAIN, 2017). PHYSICAL EVIDENCE Having a huge demand for products in the market,Cadbury has also focused on the physical evidence of its products. The packing of the chocolates has influenced more and more 11
customers to buy the products.Cadbury focuses on the psychology of the customers and along with the quality products also emphasizes on the packing of the products that are highly attractive to the customers. Nestle has also proven that although its chocolate product is having less market share, it has focused on the packaging quality which ensures customer satisfaction at its best (JAIN, 2017). PROCESS Customer satisfaction is the key requirement of any organization. So to maintain the trust of the customers,Cadbury focuses on the production activities and ensure that the quality is maintained and customers are satisfied. Nestle has started emphasizing on the production department so as to capture the market by fulfilling the requirements of the customers (JAIN, 2017). 12
PEOPLE Employees and customer are the main stakeholder for the companies. For example, Cadbury gives values to their employees by conducting training and development classes whichimprovestheirefficiencyandimprovestheircommunicationbehaviourwith customers. The main goal of the classes to improve their job performance and accomplishes organization objectives. Cadbury conducts various polices for the employees i.e. employee’s compensation, flexible working hours etc. To retain intellectual employees within company. As sameNestle also focuses on employees’ objectives so organizes cultural shows and involves them in decision-making process.The main goal of these curriculums to improve their performance at workplace. EVALUATION OF DIFFERENT TACTICS THAT CADBURY USES TO ACHIEVE THE DEFINED OBJECTIVES Cadbury has uses several tactics of marketing mix by implementing them in business organizationsuccessfullytoachievethedesiredbusinessobjective.Itemphasison variations and diversification of products which helps the company to satisfy the needs and wants of the customer by accomplishing their requirements rather than producing the same product. Cadbury is having some products which are very costly as these products are available only on some special occasion. Customers are ready to pay the amount of that specific product due to demand of that product. The company has build up its presence significant over the world by providing the products timely and according to the demand of customers at each and every nearest store so that it can easily available to customers(Do and Vu, 2020) There are Several Promotion policies which has been applied by the company that includes social media promotion, advertising, that help the company to reach the international market and to build good customer base to a wider area. Cadbury has attracted number of people with its product packaging style and physical appearance of product which has been done accordingly customer psychology and their interest. Cadbury has regained its customers trust by providing them the quality product (Venai. and Midgley,2019).. The company also focuses on the employees job satisfaction by 13
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formulating strategies according to requirement. All the strategies has been applied effectively to the company that helps it in achieving the business objectives. CONCLUSION In brief, it could be concluded that Cadbury has the strong planning process due to which it has always earned the positive response from the customer and it has also applied the components of marketing mix effectively, which has created an issue to its competitors to survive in the market by producing the same product. 14
TASK 3 MARKETING PLANS OF CADBURY MARKETING PLAN ADOPTED BY CADBURY Slide 1 Executive summary Cadbury is multinational company which operates in 200 countries and offers confectionery products to customers across the world. Organization has super products is “Dairy Milk” which helps organization to take competitive advantage, builds brand image and generate high revenue in company this plan includes pestle analysis, swot analysis and porter five force model. 15
Slide 2 16
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Slide 5 Cadbury has to examine the external factors and should consider them for developing the opportunities and effective planning to get the business executed successfully. Apart from this, it will also help in investing in new products with some innovation to compete in the market. 19
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Slide 6 Pestle analysis is essential framework which helps organization to analyses external factors i.e. political, economic, social, technological, environmental and legal factors etc. these factors gives impact on organization performance. POLITICALFACTORS:IntheUK,politicalfactorshavemuchinfluencedthe confectionery industries like Cadbury with both positive as well as negative impact. The government has laid down the fat taxes which have increased the price of the products, on the other hand, it decreases the ratio of obesity, which has now eliminated due to rise in food prices. ECONOMIC FACTORS:The profit margin of Cadbury is affected by the economic factors of the UK. The financial crisis or the recession affects the expenditure of the customers as the chocolates that are premium in quality will become un-affordable for some period. SOCIAL FACTORS:The factors that influence Cadbury’s operations to meet the demand ofthecustomersandsatisfythemshouldalsobeanalyzedbecausecustomer satisfaction is always the key determinant for any organization. TECHNOLOGICAL FACTORS:Cadbury should technologically be updated so to survive in the market among the competitors by making the effective use of the present technology. ENVIRONMENTAL FACTORS:Cocoa is the main key determinant of Cadbury. But there are certain environmental effects that affect the production of these cocoa beans. So to sustain the cocoa beans for avoiding the deficiency, Cadbury should design its own strategies. LEGAL FACTORS:As there many new amendments in law that affects the chocolate manufacturing industries. For example health and safety law denote that product should have standard quality and it gives positive impact on public health. So Cadbury focus towards such amendments in legitimate regulations to maintain the reputation of the company. Slide 7 20
NEW ENTRANTS (LOWER):As there is huge demand of confectionery products not only among children but it is also preferred by the adults and seniors, which is making more and more entrants to enter the market as the producer of chocolates. But as Cadbury has a remarkable response in the market. Cadbury offers wide variety products along with different taste that differentiate each product of Cadbury from other products. Currently organization offers dairy milk products which is quite exciting products for the public because it includes milk continents. These continents improve public health and gives value their money. In this situation, new entrant can face various difficulties to introduce their products and gets sustainability of products within market. Thus threats of new entrants is lower for the Cadbury. THREAT OF SUBSTITUTES (LOW):There is less burden on the Cadbury of the substitutes due to its brand name. Organization offers wide variety products i.e.chocolate products, milk chocolate, bubbly chocolate anddark chocolate.Apart from this, there has been a huge demand for dark chocolates as it seems to be healthier than other chocolates. BUYER POWER (HIGH):retailers and consumers are the two main buyers of chocolates. There are five supermarkets in the UK that dominate the retail market of confectionery products such as TESCO, ALSI, MORRISON'S, ASDA, and SAINSBURY'S. But the products of Cadbury are more appreciated as they are affordable. Organization has high brand name in global market for the confectionery products. Thus, buyer power too high in UK market. SUPPLIER POWER (LOW):Confectionery products manufacturing industry deals with the supplier of cocoa, sugar and gelatin. The competitors of Cadbury such as Nestle, Mondelez and Mars have captured 38.5% supply of these raw materials globally. But Cadbury has partnership funds that are invested in farms of cocoa beans located in Ghana, India, Indonesia and Caribbean so that it can avail the supply of cocoa beans in the near future as well. Dairy milk chocolate influences supplier power because organization claims 100% guarantee which influences supplier confidence during distribution of products to customers. Even organization retails their products in Indian market which leads economical benefits for the company. COMPETITIVE STRATEGY:The competitors of Cadbury like Nestle, Mars and Mondelez are giving a tough competition to Cadbury in capturing the market by implementing multiple strategies of marketing. To overcome this issue, Cadbury organizes strategic management who helps organization to conduct strategies according to situation. Dairy milk chocolate is most effective strategy for the organization which supports to take competitive advantage in competition market. 21
Slide 8 The critical analysis of internal factors should be done by Cadbury which will help in sustaining the human resource for better performance and maximizing the utilization of resources. For this, the SWOT analysis is to be carried out which will help in evaluating the internal as well as external factors affecting the company. 22
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Slide 9 STRENGTH: *Having a top position in the market for manufacturing chocolates over 200 countries. *The brand name is enough to compete with other manufacturers. *Acquiring the Kraft leads Cadbury to access the resources and capabilities in a huge percentage. WEAKNESS: *Incorporating with Mondelez has been a problem for two corporates. *New competitors have a very high impact. *Quality control has become an argument at a global level for Cadbury’s products. OPPORTUNITIES: *For the sustainability of the cocoa beans, Cadbury is working with the government of Ghana. *Various updation in the technologies has increase3d the efficiency of Cadbury’s products. THREATS: *The threat of substitute products. *Outbursting of diseases due to changing the climate. *Implications of various policies and regulations. 23
Slide 10 With the help of strategies being formulated, Cadbury will be able to meet the hurdles smoothly and would be able to enhance the brand name not only domestic but also in the UAE market. Diversification strategy will increase the product line of Cadbury with some innovation in products. 24
Slide 11 25
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CONCLUSION Thus, from all the above discussions the marketing concept of Cadbury is much essential to ensure the success of the business objectives by developing the interrelationship within the functionalunitsofthecompany.Therolesandresponsibilitieshelpinachieving organization goals. Various factors of marketing mix are compared between the Cadbury and competitor of Cadbury i.e. Nestle for planning the strategies and implementing them sophisticatedly which helps organization to achieve goal.At last marketing plan is being evaluated by analysing pestle analysis and Swot analysis that will influence Cadbury in achieving the organizati9on objective and to compete in the market. 27
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